Friday, January 26, 2024

SPY made another all times high. Breath strengthened. Sectors let by Energy (XLE). Crude Oil (/CL Futures) confirming a trend reversal.

 SPY Market Forecast   94.79 Defensive pointing down in the upper zone                 
   0.81   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:     DIA +0.16% ; IWM +0.01% ;               
Down:           SPY -0.13% ; QQQ -0.60%          
                      
  TLT -0.19% at 93.78                 
  VIX -1.41% at 13.26                 
                      
                      
Sectors                      
  8 sectors closed higher led by  XLE +0.74%  and  XLV +0.57%    Lower =  3         
  7           sectors closing above 30d. SMA  and 4   closing below.   
                      
XLE leaders     :    VLO, PBR, LNG, MPC                 
XLV leaders     :    SGEN, LZAGY, DHR                 
XLP leaders     :    RBGLY, CL, HRL, BF/B                 
                      
Uptrend  XLV, XLP, XLF, XLC, XLI, XLK                   
Sideways  XLE, XLY, XLU, XLB, XLRE                   
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,603    to               1,180  and  Nasdaq   Strengthened  as  Advancers led            2,207    to            2,047       
                      
FANGT Stocks                      
UP:     NFLX ; AMZN ; TSLA ; META ; GOOGL ;           
Down:               MSFT ; NVDA ; AAPL      
                      
                      
NDX Leaders:                        
44 closing higher  and  57 closing Lower                
ABNB : +5.28% ;  MELI : +3.28% ;  CMCSA : +2.19%            
                      
DJIA Leaders:                        
15 closing higher  and  15 closing Lower                
AXP : +7.10% ;  UNH : +1.99% ;  NKE : +1.96%            
                      
SP500 Leaders:                        
271 closing higher  and  232 closing Lower                
AXP : +7.10% ;  ABNB : +5.28% ;  COF : +4.65%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   66                   
ABNB, MELI, CMCSA, PYPL, NFLX, DDOG, TEAM, CSX, COST, CCEP, FTNT, AMZN, MDLZ, ROST, DASH, PANW, CEG, CSGP, ADSK, AMGN, BKNG, EA, CDW, VRSK, META, GOOGL, GOOG, VRTX, SPLK, INTU, FANG, ISRG, CTAS, KHC, ORLY, ASML, CDNS, MSFT, PCAR, TMUS, ADP, ROP, MAR, CSCO, ZS, TTWO, REGN, NVDA, MRNA, AAPL, CRWD, FAST, WDAY, MU, CTSH, ADBE, ILMN, SNPS, AMD, ADI, AVGO, QCOM, MRVL, LRCX, AMAT, KLAC
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 2                  
  PYPL, CSGP                   
                      
 Nasdaq100  xsing below30  = 8                  
  ODFL, MDB, CPRT, ANSS, MCHP, DXCM, GFS, INTC                 
                      
                      
MACD Crossover:                      
Up   3                   
KDP, CSX, PEP                      
                      
Down   7                   
PYPL, ADP, CRWD, ON, TXN, MRVL, INTC                   
                      

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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)       ...