Tuesday, March 31, 2020

9 Sectors down on the last day of the quarter. SPY high of the day at 263.33; close enough???



SPY closed at 257.75 while the high of the day was 263.33, a dollar away from 264.41 target. 

                     
                     
VIX :   Down -3.54 / -6.20% at 53.54                
/CL :    Down -0.18 / -0.89% at 20.1                
TLT :   Down -1.35 / -0.81% at 164.97                
                     
SPY Market Forecast 31.37 Short-term  countertrend Pointing a bit higher - above 20              
                     
LONG TERM DOWNTREND.                   
  6-months Down                   
  10-days UP                   
  3-days UP                   
                     
Indices                      
Up:                        
Down:    DIA:  -1.73% ; SPY:  -1.49% ; QQQ :  -0.85% ;  IWM:  -0.50%          
                     
Nasdaq Above 30MA    =  20                   
NTES, REGN, ALXN, VRTX, ATVI, CHKP, NFLX, IDXX, JD, HAS, TTWO, BIIB, AMZN, NVDA, ILMN, CDNS, GILD, KHC, NLOK, CTXS   
                     
Stocks to watch on  Wednesday                   
Nasdaq100  xsing above30   = 5                   
NTES, ALXN, ATVI, CHKP, IDXX                  
                     
Nasdaq100  xsing below30  = 8                   
JBHT, MSFT, INTC, CSCO, AMGN, KLAC, VRSN, AMD               
                     
                     
NDX Leaders:   31 closing higher   and  72 closing Lower              
UAL :  +4.61% ;  NTES : +4.58% ;  TSLA : +4.36%            
DJIA Leaders:   5 closing higher   and  25 closing Lower              
CAT :   +3.88% ;  DOW :   +2.06% ;  WBA :   +1.31%            
SP500 Leaders:   112 closing higher   and  393 closing Lower              
NBL :   +13.75% ;  FANG :   +11.06% ;  OKE :   +8.83%            
                      
Sectors  1 sectors closed higher led by  XLE +1.54%  and  XLC -0.18%    Lower =  10         
  0            closing above 30d. SMA  and 11   closing below.   
                     
Uptrend                     
Sideways                     
Downtrend XLE , XLV , XLB , XLY , XLU , XLP , XLK , XLRE , XLF , XLI , XLC
                     
Breath: Weakened  as  Decliners led  1325   to   1661 and  Nasdaq   Weakened  as  Decliners led 1629   to   1673      
                     
MACD Crossover: 2                   
REGN, WBA                     
                      
                     


No comments:

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)       ...