Friday, January 19, 2024

New all times high in SPY. All indices closed higher led by QQQ and SPY. The Market Forecast turned bullish. Nine sectors closed higher led by Technology and Financials. Breath Strengthened.

 SPY Market Forecast   88.44 Bullish pointing up in the upper zone                 
   0.86   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months UP                   
  10-days UP                   
  3-days UP                   
                      
Indices                      
UP:     QQQ +1.98% ; SPY +1.25% ; DIA +1.07% ; IWM +0.96%          
Down:                         
                      
  TLT +0.32% at 94.09                 
  VIX -5.87% at 13.3                 
                      
                      
Sectors                      
  9 sectors closed higher led by  XLK +2.31%  and  XLF +1.61%    Lower =  2         
  6           sectors closing above 30d. SMA  and 5   closing below.   
                      
XLK leaders     :    AMD, DELL, AVGO                 
XLF leaders     :    COIN, ADYEY, MS, COF                
XLC leaders     :    ROKU, TTD, AMX, NTES                
                      
Uptrend  XLK, XLF, XLC, XLRE, XLY, XLI, XLB, XLV, XLP                 
Sideways  XLE, XLU                   
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,948    to                   857  and  Nasdaq   Strengthened  as  Advancers led            2,682    to            1,635       
                      
FANGT Stocks                      
UP:     NVDA ; GOOGL ; META ; AAPL ; MSFT ; AMZN ; TSLA ;       
Down:                   NFLX      
                      
                      
NDX Leaders:                        
87 closing higher  and  14 closing Lower                
AMD : +7.11% ;  PYPL : +6.01% ;  AVGO : +5.88%            
                      
DJIA Leaders:                        
25 closing higher  and  5 closing Lower                
TRV : +6.72% ;  INTC : +3.02% ;  IBM : +2.78%            
                      
SP500 Leaders:                        
374 closing higher  and  129 closing Lower                
AMD : +7.11% ;  TRV : +6.72% ;  PYPL : +6.01%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   72                   
AMD, PYPL, AVGO, LRCX, AMAT, CDNS, QCOM, GFS, MRVL, NVDA, TXN, KLAC, MELI, MCHP, MU, ADSK, INTC, ADBE, DDOG, ANSS, CRWD, ADI, BKNG, MDB, ABNB, FAST, GOOG, TTWO, GOOGL, META, ASML, INTU, CTSH, AAPL, WDAY, ZS, TEAM, PAYX, CCEP, DASH, ORLY, ILMN, MSFT, ROP, AMZN, SIRI, COST, CPRT, AMGN, CTAS, VRSK, GILD, CSCO, PCAR, ADP, ISRG, MRNA, CDW, PANW, VRTX, MAR, REGN, SPLK, CSX, TMUS, ROST, MDLZ, MNST, DXCM, EA, NFLX
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 9                  
  GFS, MCHP, ADBE, ADI, MDB, ABNB, AAPL, PAYX, CPRT                
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   13                   
PYPL, TXN, MCHP, NXPI, MU, ADSK, ADI, BKNG, ABNB, TTWO, INTU, CCEP, SPLK                 
                      
Down   1                   
REGN                      
                      

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SPY touched all times high once again and reversed at close

SPY Market Forecast     94.34 Defensive pointing down in the upper zone                        0.6   PCALL - 10 day SMA (0.75 - 1.00)       ...