SPY Market Forecast 89.25 Defensive pointing down in the upper zone
0.74 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:
IWM +1.33% ; SPY +1.31% ; QQQ +1.18% ; DIA +0.98%
Down:
TLT +1.63% at 98.24
VIX -3.28% at 13.88
Sectors
10 sectors closed higher led by XLP +2.04% and XLY
+1.92% Lower = 1
7 sectors closing above 30d. SMA and
4 closing below.
XLP leaders : MO, BF/B, FMX, TGT
XLY leaders : LI,
TSCO, DKNG, STLA
XLU leaders : VST,
CEG, DNNGY, AGR
Uptrend XLP, XLI, XLV, XLK, XLC, XLF
Sideways XLY, XLU, XLRE, XLB, XLE
Downtrend
Breath:
NYSE Strengthened as Advancers
led 2,214 to 634 and Nasdaq Strengthened
as Advancers led 2,838 to 1,541
FANGT Stocks
UP:
AMZN ; NVDA ; MSFT ; AAPL ; META ; TSLA ; GOOGL ; NFLX
Down:
NDX Leaders:
85 closing higher and 15 closing Lower
CEG : +4.61% ; WBD : +4.39% ; DLTR : +3.84%
DJIA Leaders:
22 closing higher and 7 closing Lower
MRK : +4.64% ; AMGN : +3.28% ; WBA : +3.01%
SP500 Leaders:
401 closing higher and 101 closing Lower
CTVA : +18.87% ; FMC : +10.57% ; NSC : +9.12%
NASDAQ 100
Nasdaq Above 30MA = 64
CEG, DLTR, AMGN, CHTR, FTNT, DASH,
AMZN, NVDA, CPRT, ASML, FAST, CRWD, CTAS, MDB, MELI, VRSK, TEAM, ROST, DDOG,
ILMN, PEP, ORLY, KHC, AVGO, MDLZ, AMD, MAR, ROP, ADBE, ABNB, AMAT, CSX, PCAR,
CCEP, REGN, MSFT, ISRG, CDW, BKNG, COST, CSGP, SNPS, META, PYPL, ZS, WDAY, CTSH,
LRCX, KLAC, TTWO, TMUS, CDNS, NFLX, ADP, ADSK, PANW, CMCSA, EA, INTU, VRTX,
SPLK, MU, PAYX, MRVL
Stocks to watch on Friday
Nasdaq100 xsing above30 = 8
DLTR, CHTR, CPRT, KHC, ROP, BKNG,
CSGP, PYPL
Nasdaq100 xsing below30 = 1
QCOM
MACD Crossover:
Up 9
WBD, DLTR, AMGN, AMZN, CPRT, FAST,
KHC, GEHC, BIIB
Down 7
NVDA, META, LRCX, TTWO, CDNS, INTU,
HON
SPY INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA
Indices
TLT +1.63% at 98.24
Sectors
XLP leaders : MO, BF/B, FMX, TGT
Uptrend XLP, XLI, XLV, XLK, XLC, XLF
Breath:
FANGT Stocks
NDX Leaders:
DJIA Leaders:
SP500 Leaders:
NASDAQ 100
Nasdaq Above 30MA = 64
Nasdaq100 xsing above30 = 8
Nasdaq100 xsing below30 = 1
MACD Crossover:
Down 7
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