Wednesday, February 14, 2024

 
SPY Market Forecast   90.36 Defensive pointing down in the upper zone                 
   0.73   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 +2.32% ; QQQ +1.09% ; SPY +0.91% ; DIA +0.38%          
Down:                         
                      
  TLT +0.47% at 92.78                 
  VIX -9.15% at 14.4                 
                      
                      
Sectors                      
  9 sectors closed higher led by  XLI +1.67%  and  XLC +1.60%    Lower =  2         
  8           sectors closing above 30d. SMA  and 3   closing below.   
                      
XLI leaders      :    UBER, WCN, JCI, GE                 
XLC leaders      :    NFLX, RBLX, AMX, EA                 
XLY leaders      :    MPNGY, JD, CPNG, DASH                
                      
Uptrend  XLI, XLC, XLY, XLK, XLF, XLV, XLP                  
Sideways  XLRE, XLB, XLE                   
Downtrend  XLU                    
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led          2,282    to                  540  and  Nasdaq   Strengthened   as  Advancers led           3,357    to              971       
                      
FANGT Stocks                      
UP:     NFLX ; NVDA ; META ; TSLA ; MSFT ; AMZN ; GOOGL ;       
Down:                   AAPL      
                      
                      
NDX Leaders:                        
80 closing higher  and  20 closing Lower                
ILMN : +5.23% ;  NFLX : +4.47% ;  ZS : +4.31%            
                      
DJIA Leaders:                        
19 closing higher  and  11 closing Lower                
CRM : +2.85% ;  INTC : +2.39% ;  CSCO : +1.29%            
                      
SP500 Leaders:                        
389 closing higher  and  108 closing Lower                
UBER : +14.73% ;  IQV : +13.10% ;  CRL : +11.30%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =    64                   
MELI, NFLX, LRCX, ASML, INTU, NVDA, MDB, SNPS, META, KLAC, CRWD, AVGO, ZS, ORLY, COST, REGN, ODFL, AMD, ILMN, CTAS, CDNS, AMAT, WDAY, ADSK, IDXX, DDOG, FANG, EA, QCOM, DASH, MSFT, ON, ISRG, AMZN, CDW, NXPI, FTNT, PCAR, TTD, ADP, CTSH, FAST, VRSK, GEHC, MRVL, PAYX, GOOGL, GOOG, CEG, CSX, SBUX, DLTR, PANW, SPLK, CPRT, ROST, ABNB, BKNG, ASML, EA, CRWD, ADBE, MDB, CEG
                      
Stocks to watch on    Thursday                   
                      
 Nasdaq100  xsing above30   = 2                  
  ILMN, CTSH                   
                      
 Nasdaq100  xsing below30  = 1                  
  PEP                    
                      
                      
MACD Crossover:                      
Up   0                   
                      
                      
Down   5                   
SNPS, AMZN, ADP, ROST, ABNB                     
                      

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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)       ...