Thursday, January 11, 2024

 SPY Market Forecast   84.75 Bullish pointing up in the upper zone                 
   0.79   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 +0.21% ; DIA +0.06% ;               
Down:           SPY -0.04% ; IWM -0.78%          
                      
  TLT +0.56% at 96.71                 
  VIX -1.97% at 12.44                 
                      
                      
Sectors                      
  2 sectors closed higher led by  XLK +0.51%  and  XLE +0.26%    Lower =  9         
  8           sectors closing above 30d. SMA  and 3   closing below.   
                      
XLK leaders     :    INFY, MRVL, CRM                 
XLE leaders     :    VLO, PBR, PBR/A, MPC                
XLP leaders     :    EL, MO, CHD, STZ                 
                      
Uptrend  XLK, XLP, XLV, XLY, XLI, XLB, XLC, XLF, XLRE                 
Sideways  XLE, XLU                   
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led           1,166    to               1,622  and  Nasdaq   Weakened   as  Decliners led            1,533    to            2,729       
                      
FANGT Stocks                      
UP:     NFLX ; AMZN ; NVDA ; MSFT ;             
Down:             GOOGL ; META ; AAPL ; TSLA TSLA     
                      
                      
NDX Leaders:                        
57 closing higher  and  43 closing Lower                
MRVL : +3.85% ;  NFLX : +2.91% ;  PANW : +2.34%            
                      
DJIA Leaders:                        
15 closing higher  and  15 closing Lower                
CRM : +2.74% ;  NKE : +2.05% ;  TRV : +0.92%            
                      
SP500 Leaders:                        
217 closing higher  and  284 closing Lower                
NFLX : +2.91% ;  CRM : +2.74% ;  VLO : +2.59%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   64                   
MRVL, NFLX, PANW, CTSH, AVGO, VRTX, TTWO, PDD, FTNT, LRCX, ZS, MU, KLAC, REGN, GILD, AMZN, CCEP, BKNG, CRWD, NVDA, ANSS, IDXX, WDAY, ADSK, DXCM, PYPL, ROST, DDOG, MSFT, FAST, CDW, CSCO, INTC, ILMN, CTAS, SPLK, COST, GEHC, MAR, EA, ADP, INTU, PCAR, GOOG, GOOGL, QCOM, META, ABNB, AMD, CSX, MELI, MDLZ, MNST, AMGN, AZN, ISRG, TMUS, KHC, TEAM, TXN, DASH, DLTR, SIRI, MRNA
                      
Stocks to watch on    Friday                   
                      
 Nasdaq100  xsing above30   = 1                  
  KLAC                    
                      
 Nasdaq100  xsing below30  = 7                  
  HON, GFS, CMCSA, AEP, WBA, XEL, BIIB                  
                      
                      
MACD Crossover:                      
Up   8                   
VRTX, ZS, AMZN, ORLY, WDAY, PAYX, MDB, CPRT                   
                      
Down   6                   
MDLZ, TMUS, KHC, MRNA, CEG, AEP                    
                      
                      

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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)       ...