Thursday, February 01, 2024

Earnings after market closed: AMZN, META positive reaction; AAPL neutral. All sectors but one closed up led by Consumer Staples (XLP) and Consumer Discr (XLY), only Energy (XLE) closed down. Breath strengthened. Bull Flag setup in SPY

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                   
                      

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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)       ...