Wednesday, March 25, 2020

Trade what you see not want you think... This is the perfect time to apply this concept. QQQ down .74%. BA up 24.32% (Thanks you for your cooperation through Taxes)


                          
                          
VIX :   Up 2.28 / +3.70% at 63.95                     
/CL :    Down -0.02 / -0.08% at 24.31                     
TLT :   Up -0.37 / -0.23% at 162.54                     
                          
SPY Market Forecast 12 Short-term  Bullish Pointing a bit higher - below 20                   
                          
LONG TERM DOWNTREND.                        
  6-months Down                        
  10-days Down                        
  3-days UP                        
                           
Indices                           
Up:    DIA:  +2.62% ; SPY:  +1.50% ;  IWM:  +1.24%                  
Down:    QQQ :  -0.74%                        
                          
Nasdaq Above 30MA    =  2                        
CTXS JD                          
                          
Stocks to watch on  Thursday                        
Nasdaq100  xsing above30   = 0                        
                          
                          
Nasdaq100  xsing below30  = 2                        
REGN, GILD                          
                          
                          
NDX Leaders:   52 closing higher   and  51 closing Lower                   
ROST :  +13.57% ;  WYNN : +12.77% ;  ALGN : +11.13%                 
DJIA Leaders:   18 closing higher   and  12 closing Lower                   
BA :   +24.32% ;  UTX :   +10.87% ;  NKE :   +9.24%                 
SP500 Leaders:   360 closing higher   and  146 closing Lower                   
AFL :   +26.18% ;  BA :   +24.32% ;  NCLH :   +23.35%                 
                          
Sectors  8 sectors closed higher led by  XLI +5.26%  and  XLE +4.72%    Lower =  3              
  0            closing above 30d. SMA  and 11   closing below.        
                          
Uptrend                          
Sideways                          
Downtrend XLE , XLV , XLB , XLY , XLU , XLP , XLK , XLRE , XLF , XLI , XLC     
                           
Breath: Strengthened  as  Advancers led  2423   to   587 and  Nasdaq   Strengthened  as  Advancers led 2208   to   1109           
                          
MACD Crossover: 27                        
ROST, ALGN, BKNG, FOXA, ULTA, FOX, MAR, TSLA, ISRG, FISV, PCAR, CTSH, TCOM, LRCX, KLAC, BMRN, TMUS, SNPS, CHTR, EXC, INTU, AAPL, AMAT, MELI, PYPL, VRSN, WLTW
                          


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