SPY Market Forecast 94.09 Defensive pointing down in the upper zone
0.74 PCALL - 10 day SMA (0.75 - 1.00)
SPY INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA
6-months UP
10-days UP
3-days DOWN
Indices
UP:
DIA +0.06% ;
Down:
SPY -0.56% ; IWM -0.59% ; QQQ -1.69%
TLT -0.58% at 98.31
VIX +6.02% at 13.2
Sectors
6 sectors closed higher led by XLV +1.76% and XLU
+1.45% Lower = 5
10 sectors closing above 30d. SMA and
1 closing below.
XLV leaders : MRNA, MRK, CI
XLU leaders : ES,
D, AGR, WEC
XLP leaders : CELH,
CPB, K, TSN
Uptrend XLV, XLP, XLRE, XLF, XLB, XLC, XLY, XLI, XLK
Sideways XLU, XLE
Downtrend
Breath:
NYSE Weakened as Decliners
led 1,348 to 1,494 and Nasdaq Weakened
as Decliners
led 1,885 to 2,452
NDX Leaders:
24 closing higher and 77 closing Lower
MRNA : +13.12% ; BIIB : +3.45% ; AMGN : +3.25%
DJIA Leaders:
18 closing higher and 12 closing Lower
MRK : +3.87% ; AMGN : +3.25% ; VZ : +3.13%
SP500 Leaders:
261 closing higher and 243 closing Lower
MRNA : +13.12% ; VTRS : +5.17% ; LVS : +4.31%
NASDAQ 100
Nasdaq Above 30MA = 75
MRNA, BIIB, AMGN, KHC, REGN, GILD,
XEL, WBD, AEP, WBA, MDLZ, PEP, MNST, AZN, FANG, VRTX, TMUS, CHTR, SIRI, DLTR,
ADP, KDP, PYPL, CSCO, TSLA, SPLK, CSX, HON, CCEP, CMCSA, PDD, ROST, TXN, BKR,
DXCM, PCAR, GOOG, TTWO, GOOGL, LULU, ILMN, GEHC, FTNT, AMZN, IDXX, COST, CTSH,
MAR, CTAS, ODFL, BKNG, FAST, ISRG, META, CSGP, ON, ADI, ANSS, AVGO, WDAY, CDW,
QCOM, CRWD, INTU, MU, MRVL, NXPI, ADSK, ZS, GFS, LRCX
Stocks to watch on Wednesday
Nasdaq100 xsing above30 = 1
CHTR
Nasdaq100 xsing below30 = 15
VRSK, ABNB, MSFT, TTD, ROP, PANW, DASH,
NVDA, CDNS, KLAC, NFLX, MCHP, AMAT, DDOG, MDB
MACD Crossover:
Up 3
KHC, XEL, AEP
Down 15
CCEP, TXN, GEHC, FTNT, MSFT, CEG,
META, SBUX, NVDA, CDW, CPRT, MU, MRVL, GFS, AMD
0.74 PCALL - 10 day SMA (0.75 - 1.00)
SPY INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA
Indices
TLT -0.58% at 98.31
Sectors
XLV leaders : MRNA, MRK, CI
Uptrend XLV, XLP, XLRE, XLF, XLB, XLC, XLY, XLI, XLK
Breath:
NDX Leaders:
DJIA Leaders:
SP500 Leaders:
NASDAQ 100
Nasdaq Above 30MA = 75
Nasdaq100 xsing above30 = 1
Nasdaq100 xsing below30 = 15
MACD Crossover:
Down 15
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