Monday, February 12, 2024

 SPY Market Forecast   96.47 Bullish pointing up 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 +1.82% ; DIA +0.36% ;               
Down:           SPY -0.04% ; QQQ -0.39%          
                      
  TLT +0.12% at 93.96                 
  VIX +7.73% at 13.93                 
                      
                      
Sectors                      
  8 sectors closed higher led by  XLU +1.16%  and  XLE +1.10%    Lower =  3         
  9           sectors closing above 30d. SMA  and 2   closing below.   
                      
XLU leaders     :    AES, SO, AGR, DTE                 
XLE leaders     :    SLB, ENB, EOG, WMB                 
XLB leaders     :    ALB, CTVA, SUZ, NEM                 
                      
Uptrend  XLP, XLF, XLC, XLI, XLV, XLY, XLK                  
Sideways  XLE, XLB, XLRE                   
Downtrend  XLU                    
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,193    to                   626  and  Nasdaq   Strengthened  as  Advancers led            2,869    to            1,455       
                      
FANGT Stocks                      
UP:     META ; NVDA ;                 
Down:         NFLX ; AAPL ; GOOGL ; AMZN ; MSFT ; TSLA      
                      
                      
NDX Leaders:                        
42 closing higher  and  59 closing Lower                
FANG : +9.38% ;  ABNB : +4.20% ;  TTD : +3.65%            
                      
DJIA Leaders:                        
19 closing higher  and  11 closing Lower                
NKE : +2.56% ;  GS : +2.18% ;  MMM : +1.86%            
                      
SP500 Leaders:                        
334 closing higher  and  167 closing Lower                
VFC : +13.99% ;  FANG : +9.38% ;  MHK : +6.57%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   64                   
FANG, ABNB, TTD, DLTR, MRVL, GEHC, PEP, ILMN, QCOM, NXPI, BKNG, MAR, META, MU, NVDA, ON, ORLY, ADP, PCAR, FAST, DDOG, CSX, SPLK, COST, AMAT, INTU, FTNT, KLAC, ROST, AMD, LRCX, ZS, ADI, MELI, NFLX, REGN, DASH, CTAS, CTSH, PAYX, CPRT, GOOGL, GOOG, SNPS, IDXX, AMZN, MSFT, PANW, CDW, VRSK, ODFL, AVGO, ROP, ISRG, CDNS, ADSK, SBUX, WDAY, ASML, EA, CRWD, ADBE, MDB, CEG
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 3                  
  FANG, PEP, ILMN                   
                      
 Nasdaq100  xsing below30  = 2                  
  AAPL, ANSS                   
                      
                      
MACD Crossover:                      
Up   9                   
FANG, ABNB, INTC, EXC, QCOM, XEL, AEP, GFS, TXN                   
                      
Down   2                   
CTAS, VRSK                      
                      

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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)       ...