SPY Market Forecast 94.34 Defensive pointing down in the upper zone
0.6 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 +1.17% ; DIA +0.68% ; SPY +0.63% ; QQQ +0.59%
Down:
TLT +0.43% at 93.94
VIX 0.00% at 12.46
Sectors
10 sectors closed higher led
by XLY +1.31% and XLB
+0.96%
Lower = 1
11 sectors closing above 30d. SMA and 0 closing below.
XLY leaders : RIVN, F, TSCO, MELI
XLB leaders : TECK, CE, GOLD, MT
XLK leaders : ACN, INTC, INFY
Uptrend XLY, XLB, XLK, XLU, XLV, XLI, XLP, XLF, XLE, XLC
Sideways XLRE
Downtrend
Breath:
NYSE Strengthened as Advancers
led 2,110 to 679 and Nasdaq Strengthened
as Advancers led 3,105 to 1,214
FANGT Stocks
UP: TSLA ; NVDA ; AAPL ;
Down: MSFT ; GOOGL ; AMZN ; NFLX
; META
NDX Leaders:
81 closing higher and 20 closing Lower
ON : +3.54% ; MELI : +3.08% ; ZS : +3.05%
DJIA Leaders:
22 closing higher and 8 closing Lower
INTC : +2.96% ; IBM : +2.53% ; AMGN : +1.77%
SP500 Leaders:
398 closing higher and 101 closing Lower
ENPH : +6.86% ; BK : +5.24% ; ACN : +4.24%
NASDAQ 100
Nasdaq Above 30MA = 72
ON, MELI, ZS, TSLA, INTC,
GFS, SIRI, BKNG, PDD, CHTR, TEAM, ASML, CDW, ADI, NXPI, INTU, CTSH, FAST, MRVL,
ADSK, ODFL, REGN, MDB, AMGN, AZN, PANW, NVDA, WDAY, LIN, CSCO, AAPL, CPRT, MAR,
MNST, TXN, LRCX, TTD, AMAT, SNPS, VRSK, CTAS, CSGP, ORLY, ANSS, ROST, KLAC,
CDNS, DDOG, ROP, GEHC, TMUS, XEL, CCEP, EA, ADBE, CRWD, ISRG, CSX, CEG, AEP,
HON, GILD, BKR, AMD, MSFT, GOOGL, GOOG, AMZN, VRTX, FANG, ILMN
Stocks to watch on Monday
Nasdaq100 xsing above30 = 4
PDD, AZN, LIN, MNST
Nasdaq100 xsing below30 = 1
META
MACD Crossover:
Up 10
ZS, CHTR, AZN, CMCSA, LIN,
CSCO, PAYX, ADP, WBA, CCEP
Down 3
AMAT, KLAC, GOOG
SPY INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA
Indices
TLT +0.43% at 93.94
Sectors
XLY leaders : RIVN, F, TSCO, MELI
Uptrend XLY, XLB, XLK, XLU, XLV, XLI, XLP, XLF, XLE, XLC
Breath:
FANGT Stocks
NDX Leaders:
DJIA Leaders:
SP500 Leaders:
NASDAQ 100
Nasdaq Above 30MA = 72
Nasdaq100 xsing above30 = 4
Nasdaq100 xsing below30 = 1
MACD Crossover:
Down 3