Thursday, February 15, 2024

 
SPY Market Forecast   89.84 Defensive pointing down in the upper zone                 
   0.72   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:     IWM +2.67% ; DIA +1.03% ; SPY +0.69% ; QQQ +0.30%          
Down:                         
                      
  TLT +0.52% at 93.3                 
  VIX -2.57% at 14.01                 
                      
                      
Sectors                      
  10 sectors closed higher led by  XLE +2.79%  and  XLRE +2.40%    Lower =  1         
  10           sectors closing above 30d. SMA  and 1   closing below.   
                      
XLE leaders      :    SU, OXY, CNQ, HES                 
XLRE leaders      :    JLL, CBRE, BXP, ARE                 
XLB leaders      :    APD, GOLD, FNV, STLD                 
                      
Uptrend  XLF, XLY, XLC, XLI, XLV, XLP, XLK                  
Sideways  XLE, XLRE, XLB                   
Downtrend  XLU                    
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led          2,345    to                  497  and  Nasdaq   Strengthened   as  Advancers led           3,086    to           1,249       
                      
FANGT Stocks                      
UP:     TSLA ; NFLX ; META ;               
Down:           AAPL ; AMZN ; MSFT ; NVDA ; GOOGL      
                      
                      
NDX Leaders:                        
65 closing higher  and  35 closing Lower                
ABNB : +6.40% ;  TSLA : +6.22% ;  MRNA : +6.04%            
                      
DJIA Leaders:                        
24 closing higher  and  6 closing Lower                
WBA : +3.48% ;  CVX : +3.40% ;  DOW : +2.97%            
                      
SP500 Leaders:                        
416 closing higher  and  84 closing Lower                
ZBRA : +12.17% ;  CBRE : +8.53% ;  EPAM : +8.29%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =    58                   
ABNB, DASH, FANG, ILMN, AEP, GEHC, NFLX, META, CEG, MAR, TTD, CTSH, DLTR, IDXX, MELI, CDW, CTAS, QCOM, PCAR, ROP, INTU, CPRT, WDAY, AMAT, REGN, EA, SPLK, ASML, PAYX, ADP, BKNG, COST, ODFL, NXPI, AVGO, VRSK, FAST, CSX, ZS, ROST, ORLY, LRCX, KLAC, ADSK, PANW, ISRG, AMZN, MSFT, SNPS, FTNT, CRWD, AMD, ON, NVDA, CDNS, MRVL, MDB, DDOG
                      
Stocks to watch on    Friday                   
                      
 Nasdaq100  xsing above30   = 3                  
  AEP, MAR, ROP                   
                      
 Nasdaq100  xsing below30  = 3                  
  SBUX, GOOGL, GOOG                   
                      
                      
MACD Crossover:                      
Up   7                   
ABNB, WBD, TXN, HON, INTU, WDAY, PAYX                    
                      
Down   3                   
PANW, SBUX, DDOG                      
                      

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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)       ...