INFOCUS   9-27-2023     INDEX.htm

DJIA  At lower band. Completed H/S and below 200-dma, falling 65-dma.
          Down volume has not peaked.
DIA   Decline confirmed by declining Closing Power and veRy negative IP21


BONDS COLLAPSING  - New yearly low.  Heavy red Distribution by big money.
10-Year rates new high. Approaching 4.7%


COMPQX (NASDAQ) - Broke key support AND falling Closing Powe
QQQ - Testing key flat support.  Flat support is risky.
SPY - Completed Head/Shoulders is bearish.
SOXL - At last support - an uptrendline.  Falling Closing Power
NVDA - Trying to rally from key flat support
TECL - Falling Closing Power

Weakest are:
Bonds
Retail Stocks other than AMZN, WMT, COSTCO and Abercrombie,,,
Solar Power like SEDG

Still hold at support are big banks, of which JPM is strongest

Best Longs:
PST
Dollar versus Yen
Coal stocks - ARCH among Bullish MAXCPs

Also worth watching - Housing Stocks - Still Falling

DATA9273.GIF (19447 bytes)
UD9273.GIF (4775 bytes)
 DIA927.GIF (20143 bytes)
 SPY927.GIF (20534 bytes)
 COMP927.GIF (21079 bytes)
 QQQ927.GIF (20489 bytes)
 TECL9273.GIF (21685 bytes)
 SOXL9273.GIF (20562 bytes)
  WEAKEST
 BOND927.GIF (14848 bytes)

NEA9273.GIF (20943 bytes)
 RETA923.GIF (13507 bytes)

 

 Solar EnergySEDG9273.GIF (23687 bytes)
  Still Holding Up.  Big Banks - JPM is strongest
 JPM9273.GIF (20059 bytes)
  Best Longs
  YCS9273.GIF (23121 bytes)
 PST9273.GIF (24536 bytes)


Also worth watching - Housing Stocks - Still Falling

 NAIL9273.GIF (20365 bytes)