Friday, April 10, 2020

Markets moved higher led by IWM Small Caps almost 5%.

Weekly Charts



Daily Charts

 


SPY Market Forecast 46.28 Short-term bullish   Pointing a higher           
                   
Market Neutral with short term bullishness - Crossing above 30 DMA               
  6-months Down                
  10-days Up                
  3-days UP                
                   
Indices                   
  IWM +4.79% ; SPY +1.52% ;  DIA +1.20% ; QQQ +0.14%       
                   
                   
Nasdaq Above 30MA    =  88                
MYL, CTSH, XEL, ALGN, TSLA, NTAP, EXC, LULU, ADSK, BKNG, FAST, SBUX, WLTW, CERN, KHC, ADP, INTU, EBAY, JD, ILMN, WDAY, HAS, LBTYA, IDXX, VRSN, BIIB, PCAR, MDLZ, ULTA, FISV, CMCSA, PEP, CSX, PYPL, AAPL, ORLY, NTES, CHTR, FB, LBTYK, ADBE, MNST, JBHT, TTWO, REGN, GOOG, MSFT, AMZN, GOOGL, NFLX, CDNS, VRSK, ROST, AMGN, ASML, WDC, FOX, AMD, EA, ATVI, INCY, NLOK, TMUS, FOXA, VRTX, CSCO, ISRG, MCHP, KLAC, NVDA, CHKP, SNPS, XLNX, COST, MELI, DLTR, TXN, ALXN, QCOM, ADI, AVGO, MXIM, INTC, LRCX, SWKS, AMAT, MU, CTXS
                   
Stocks to watch on  Monday                
Nasdaq100  xsing above30   = 7                
MYL, ALGN, TSLA, NTAP, EXC, BKNG, ADBE                
                   
Nasdaq100  xsing below30  = 1                
GILD                   
                   
NDX Leaders:                    
57 closing higher  and  46 closing Lower             
UAL :  +14.50% ;  AAL : +10.41% ;  MYL : +6.21%         
                   
DJIA Leaders:                    
19 closing higher  and  11 closing Lower             
JPM :   +8.97% ;  DOW :   +5.09% ;  TRV :   +4.57%         
                   
SP500 Leaders:                    
381 closing higher  and  122 closing Lower             
GPS :   +15.80% ;  UAL :   +14.50% ;  KSS :   +13.64%         
                   
Sectors                   
  20 sectors closed higher led by  XLF +5.36%  and  XLRE +5.15%    Lower =  2      
  11            closing above 30d. SMA  and 0   closing below.
                   
Uptrend XLU, XLB, XLP, XLV, XLK                
Sideways XLRE, XLY, XLC                
Downtrend XLF, XLI, XLE                
                   
Breath:                   
 Strengthened  as  Advancers led  2583   to   422 and  Nasdaq   Strengthened  as  Advancers led 2550   to   720   
                   
MACD Crossover:                 
Up   0                
                   
                   
Down   1                
CTXS                   


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