Friday, February 16, 2024

 
SPY Market Forecast   87.94 Defensive pointing down in the upper zone                 
   0.71   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:     DIA -0.37% ; SPY -0.50% ; QQQ -0.91% ; IWM -1.36%          
                      
  TLT -0.58% at 92.76                 
  VIX +1.64% at 14.24                 
                      
                      
Sectors                      
  3 sectors closed higher led by  XLB +0.53%  and  XLV +0.32%    Lower =  8         
  9           sectors closing above 30d. SMA  and 2   closing below.   
                      
XLB leaders      :    VMC, ALB, VALE, AEM                 
XLV leaders      :    SGEN, LLY, AZN                 
XLP leaders      :    DG, TGT, USFD, KR                 
                      
Uptrend  XLV, XLP, XLF, XLY, XLI, XLK, XLC                  
Sideways  XLB, XLE, XLRE                   
Downtrend  XLU                    
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led             929    to               1,864  and  Nasdaq   Weakened   as  Decliners led           1,595    to           2,599       
                      
FANGT Stocks                      
UP:                         
Down:     XLB ; XLV ; TSLA ; MSFT ; AAPL ; GOOGL ; NFLX ; META      
                      
                      
NDX Leaders:                        
18 closing higher  and  81 closing Lower                
TTD : +17.46% ;  AMAT : +6.35% ;  AZN : +2.28%            
                      
DJIA Leaders:                        
10 closing higher  and  20 closing Lower                
MRK : +0.99% ;  WMT : +0.63% ;  DOW : +0.56%            
                      
SP500 Leaders:                        
168 closing higher  and  330 closing Lower                
AMAT : +6.35% ;  VMC : +5.23% ;  DG : +4.78%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =    58                   
TTD, AMAT, KLAC, LRCX, DLTR, CCEP, FANG, PAYX, MAR, GEHC, ADP, ORLY, FAST, AEP, SPLK, NVDA, COST, ASML, PANW, ZS, AMZN, MELI, ROST, CEG, PCAR, ISRG, ROP, CDW, MSFT, CRWD, REGN, CSX, VRSK, WDAY, SNPS, BKNG, NXPI, CTAS, ADSK, EA, INTU, CTSH, CPRT, AVGO, DDOG, NFLX, AMD, CDNS, ILMN, MDB, ODFL, QCOM, META, IDXX, ON, FTNT, ABNB, DASH
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 1                  
  CCEP                    
                      
 Nasdaq100  xsing below30  = 1                  
  MRVL                    
                      
                      
MACD Crossover:                      
Up   1                   
CHTR                      
                      
Down   9                   
NVDA, BKNG, MDB, LULU, MNST, ODFL, META, IDXX, FTNT                   
                      

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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)       ...