Tuesday, April 23, 2024

SPY Market Forecast   14.16 Bullish pointing up in the lower zone                 
   0.92   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Sideways- Price in between 30 &10 Wk SMA                
  6-months UP                   
  10-days DOWN                   
  3-days UP                   
                      
Indices                      
UP:     IWM +1.61% ; QQQ +1.50% ; SPY +1.18% ; DIA +0.66%          
Down:                         
                      
  TLT +0.02% at 89.02                 
  VIX -7.14% at 15.73                 
                      
                      
Sectors                      
  10 sectors closed higher led by  XLC +1.57%  and  XLK +1.46%    Lower =  1         
  4           sectors closing above 30d. SMA  and 7   closing below.   
                      
XLC leaders     :    SPOT, ROKU, SE, TTD                 
XLK leaders     :    SAP, SHOP, DELL                 
XLI leaders     :    GE, URI, ODFL, CARR                 
                      
Uptrend  XLE                    
Sideways  XLC, XLK, XLI, XLV, XLF, XLU, XLP, XLB                  
Downtrend  XLY, XLRE                   
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,321    to                   483  and  Nasdaq   Strengthened  as  Advancers led            3,145    to            1,148       
                      
FANGT Stocks                      
UP:     NFLX ; NVDA ; META ; TSLA ; MSFT ; AMZN ; GOOGL ; AAPL      
Down:                         
                      
                      
NDX Leaders:                        
84 closing higher  and  15 closing Lower                
SPLK : N/A ;  MDB : +7.69% ;  PANW : +4.25%            
                      
DJIA Leaders:                        
22 closing higher  and  8 closing Lower                
VZ : +2.85% ;  AXP : +2.56% ;  CAT : +1.58%            
                      
SP500 Leaders:                        
385 closing higher  and  112 closing Lower                
GL : +14.23% ;  GE : +8.30% ;  DHR : +7.21%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   23                   
MDB, PANW, ODFL, DDOG, MRNA, PDD, CEG, TEAM, MDLZ, GOOGL, GOOG, AZN, FANG, AEP, AMGN, XEL, TMUS, ADP, CTAS, KDP, KHC, EXC, PEP           
                      
Stocks to watch on    Wednesday                   
                      
 Nasdaq100  xsing above30   = 6                  
  MDB, ODFL, DDOG, MRNA, TEAM, AMGN                 
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   13                   
MDB, ILMN, ZS, INTU, MRNA, IDXX, COST, REGN, HON, GILD, ORLY, BIIB, CTSH                 
                      
Down   0                   
                      
                      
                      

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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)       ...