Monday, February 05, 2024

All indices closed lower, led by IWM (-1.27%). Consumer Discr (XLY) closed below the 30ds SMA. Breath weakened

 SPY Market Forecast   87.05 Bullish pointing up in the upper zone                 
   0.75   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:                         
Down:     QQQ -0.13% ; SPY -0.36% ; DIA -0.73% ; IWM -1.27%          
                      
  TLT -2.02% at 94.13                 
  VIX -1.37% at 13.66                 
                      
                      
Sectors                      
  2 sectors closed higher led by  XLV +0.31%  and  XLK +0.23%    Lower =  9         
  7           sectors closing above 30d. SMA  and 4   closing below.   
                      
XLV leaders     :    SGEN, IDXX, LLY                 
XLK leaders     :    NVDA, NXPI, IFNNY                 
XLE leaders     :    MPC, VLO, PSX, EQNR                 
                      
Uptrend  XLV, XLK, XLI, XLF, XLP, XLC, XLY                  
Sideways  XLE, XLRE, XLB                   
Downtrend  XLU                    
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              507    to               2,322  and  Nasdaq   Weakened   as  Decliners led            1,175    to            3,133       
                      
FANGT Stocks                      
UP:     NVDA ; AAPL ; GOOGL ;               
Down:           NFLX ; AMZN ; MSFT ; META ; TSLA      
                      
                      
NDX Leaders:                        
33 closing higher  and  68 closing Lower                
ON : +9.54% ;  IDXX : +8.53% ;  NVDA : +4.77%            
                      
DJIA Leaders:                        
6 closing higher  and  24 closing Lower                
CAT : +2.00% ;  AAPL : +0.98% ;  CRM : +0.86%            
                      
SP500 Leaders:                        
88 closing higher  and  413 closing Lower                
EL : +12.05% ;  CTLT : +9.74% ;  ON : +9.54%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   63                   
ON, IDXX, NVDA, NXPI, BKNG, KLAC, AMAT, AVGO, LRCX, ODFL, SNPS, PCAR, VRTX, GOOG, GOOGL, ASML, ORLY, MU, CSX, COST, MDB, INTU, TMUS, MELI, ISRG, CDNS, PEP, SPLK, CPRT, PANW, ADP, CRWD, MAR, AMGN, CTSH, NFLX, VRSK, CMCSA, FTNT, CTAS, ROST, ADBE, ROP, MRVL, CDW, AMZN, REGN, WDAY, DLTR, ABNB, DASH, MSFT, ILMN, ADSK, CCEP, FAST, TTWO, AMD, MDLZ, CEG, DDOG, META, ZS
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 5                  
  ON, IDXX, NXPI, GOOG, GOOGL                  
                      
 Nasdaq100  xsing below30  = 4                  
  KHC, PYPL, PAYX, TTD                   
                      
                      
MACD Crossover:                      
Up   3                   
ON, NXPI, BKNG                      
                      
Down   11                   
MAR, CMCSA, ABNB, ILMN, ADSK, CCEP, PAYX, FAST, KDP, EXC, CSGP                  
                      

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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)       ...