Tuesday, January 16, 2024

 SPY Market Forecast   90.29 Defensive pointing down in the upper zone                 
   0.82   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  DOWN                  
                      
Indices                      
UP:                         
Down:     QQQ -0.01% ; SPY -0.37% ; DIA -0.60% ; IWM -1.24%          
                      
  TLT -1.76% at 94.82                 
  VIX +4.45% at 13.84                 
                      
                      
Sectors                      
  1 sectors closed higher led by  XLK +0.25%  and  XLY -0.11%    Lower =  10         
  6           sectors closing above 30d. SMA  and 5   closing below.   
                      
XLK leaders     :    AMD, CDNS, SNPS                 
XLY leaders     :    DKNG, DECK, RCL, TJX                 
XLP leaders     :    DG, LW, KR, CHD                 
                      
Uptrend  XLK, XLY, XLP, XLC, XLV, XLRE, XLF, XLI, XLB                 
Sideways  XLU, XLE                   
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              645    to               2,192  and  Nasdaq   Weakened   as  Decliners led            1,162    to            3,125       
                      
FANGT Stocks                      
UP:     NVDA ; TSLA ; MSFT ;               
Down:           GOOGL ; AMZN ; AAPL ; META ; NFLX     
                      
                      
NDX Leaders:                        
41 closing higher  and  59 closing Lower                
AMD : +8.31% ;  ORLY : +3.90% ;  MDB : +3.54%            
                      
DJIA Leaders:                        
10 closing higher  and  20 closing Lower                
DIS : +2.99% ;  VZ : +1.89% ;  HD : +0.76%            
                      
SP500 Leaders:                        
137 closing higher  and  363 closing Lower                
AMD : +8.31% ;  WDC : +4.45% ;  AZO : +3.91%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   61                   
AMD, ORLY, MDB, CDNS, NVDA, MU, PANW, TEAM, KLAC, CRWD, VRTX, MELI, CDW, AVGO, QCOM, DDOG, ZS, CSCO, MSFT, REGN, FAST, MAR, ROST, TMUS, LRCX, ADBE, DLTR, TTWO, VRSK, CCEP, BKNG, SPLK, DASH, INTC, GOOG, GOOGL, KHC, MRVL, COST, ADP, CSX, MDLZ, ISRG, ADSK, DXCM, GILD, FTNT, CTAS, WDAY, AMZN, AMGN, INTU, MNST, GEHC, META, ILMN, NFLX, CTSH, AZN, MRNA, ANSS
                      
Stocks to watch on    Wednesday                   
                      
 Nasdaq100  xsing above30   = 6                  
  ORLY, MDB, KLAC, CDW, ADBE, VRSK                  
                      
 Nasdaq100  xsing below30  = 6                  
  EA, TXN, FANG, GFS, PDD, PYPL                  
                      
                      
MACD Crossover:                      
Up   6                   
AMD, SBUX, ROP, VRSK, CCEP, ADSK                    
                      
Down   4                   
AMGN, MNST, NFLX, AZN                     
                      

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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)       ...