Sunday, July 14, 2024

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)               
                      
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 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)       ...