Tuesday, June 18, 2024

SPY closing at new all times high. Technology (XLK) and Communication (XLC) sectors leading

 SPY Market Forecast   91.26 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:     SPY +0.25% ; IWM +0.17% ; DIA +0.14% ; QQQ +0.03%          
Down:                         
                      
  TLT +0.92% at 94.59                 
  VIX +1.46% at 12.48                 
                      
                      
Sectors                      
  8 sectors closed higher led by  XLF +0.63%  and  XLI +0.54%    Lower =  3         
  6           sectors closing above 30d. SMA  and 5   closing below.   
                      
XLF leaders     :    COIN, ADYEY, MS, COF                
XLI leaders     :    URI, TT, SBGSY, CMI                 
XLE leaders     :    PXD, LNG, PBR/A, PBR                
                      
Uptrend  XLF, XLI, XLE, XLK, XLV, XLP, XLB, XLC                  
Sideways  XLRE, XLU, XLY                   
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,577    to               1,179  and  Nasdaq   Weakened   as  Advancers led            1,871    to            2,384       
                      
FANGT Stocks                      
UP:     NFLX ; NVDA ;                 
Down:         META ; TSLA ; MSFT ; AMZN ; GOOGL ; AAPL      
                      
                      
NDX Leaders:                        
50 closing higher  and  50 closing Lower                
WBA : +6.34% ;  SIRI : +4.53% ;  CEG : +3.96%            
                      
DJIA Leaders:                        
20 closing higher  and  10 closing Lower                
GS : +1.61% ;  VZ : +1.57% ;  HD : +1.25%            
                      
SP500 Leaders:                        
308 closing higher  and  188 closing Lower                
GEV : +6.41% ;  WBA : +6.34% ;  TER : +4.84%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   52                   
CEG, MU, QCOM, AMAT, CDW, MRVL, KLAC, LRCX, TTD, ADSK, NFLX, CDNS, ADI, ORLY, SNPS, ROP, ISRG, CPRT, ASML, TXN, ADBE, PAYX, BKNG, CTAS, EA, HON, VRSK, COST, TMUS, NXPI, PCAR, LIN, CRWD, MSFT, KDP, REGN, ANSS, MAR, PANW, AAPL, AZN, ROST, GOOGL, TTWO, GOOG, VRTX, TSLA, SBUX, META, AVGO, ZS, CHTR
                      
Stocks to watch on    Thursday                   
                      
 Nasdaq100  xsing above30   = 1                  
  CEG                    
                      
 Nasdaq100  xsing below30  = 7                  
  AMZN, INTC, BIIB, ABNB, CCEP, PDD, FTNT                 
                      
                      
MACD Crossover:                      
Up   0                   
                      
                      
Down   2                   
AMZN, CHTR                      
                      

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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)       ...