Thursday, April 02, 2020

Bulls in control during the session. All sectors in green led by XLE as OIL jumped 14.86% to close at 24.35.


Oil prices moved to the upside as Rusia and Saudi's are coming back to the negotiation table.
Unemployment claims soared to 6.6 Million (expected was 3.6 Million). Prices could move to the 35  40 USD to fill the gap.


                          
                         
VIX :   Up -6.15 / -10.78% at 50.91                    
/CL : Up 3.15 / 14.86% at 24.35                    
TLT :  Up 1.06 / +0.63% at 168.1                    
                         
SPY Market Forecast 29.74 Short-term  bearish Pointing a bit lower - above 20                  
                         
LONG TERM DOWNTREND.                       
  6-months Down                       
  10-days Sideways                       
  3-days Down                       
                         
Indices                          
Up:    SPY:  +2.31% ; DIA:  +2.19% ;  QQQ :  +2.03% ; IWM:  +0.95%              
Down:                            
                         
Nasdaq Above 30MA    =  27                       
VRTX, ILMN, GILD, ATVI, AMGN, NVDA, EA, INTC, KHC, IDXX, INCY, CSCO, BIIB, VRSN, XLNX, BMRN, TTWO, CTXS, NTES, NFLX, CDNS, AMZN, HAS, CHKP, ALXN, REGN, NLOK
                         
Stocks to watch on  Friday                       
Nasdaq100  xsing above30   = 15                       
ILMN, GILD, ATVI, AMGN, NVDA, EA, INTC, KHC, IDXX, CSCO, BIIB, VRSN, XLNX, BMRN, CHKP            
                         
Nasdaq100  xsing below30  = 1                       
JD                          
                         
                         
NDX Leaders:   78 closing higher   and  25 closing Lower                  
VRTX :  +7.40% ;  ILMN : +6.45% ;  GILD : +6.16%                
                          
DJIA Leaders:   26 closing higher   and  4 closing Lower                  
CVX :   +11.03% ;  XOM :   +7.65% ;  CAT :   +4.84%                
                         
SP500 Leaders:   340 closing higher   and  165 closing Lower                  
OXY :   +18.90% ;  APA :   +16.67% ;  FANG :   +15.88%                
                         
Sectors                          
  11 sectors closed higher led by  XLE +9.16%  and  XLU +3.13%    Lower =  0             
  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  1758   to   1199 and  Nasdaq   Strengthened  as  Advancers led 1866   to   1380          
                         
MACD Crossover: 0                       
                         


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