Thursday, April 23, 2020

Range trade day. SPY undecided holding 50% retracement level support


                   
SPY Market Forecast 81.42 Short-term bullish   Pointing a higher           
                   
LONG TERM SIDEWAYS - Crossing above 30 DMA               
  6-months Down                
  10-days Up                
  3-days Down                
                   
Indices                   
  IWM +0.98% ; DIA +0.13% ;  SPY -0.01% ; QQQ -0.21%       
                   
                   
Nasdaq Above 30MA    =  97                
WYNN, SIRI, NTAP, EXPE, TCOM, MYL, LBTYK, ORLY, LBTYA, FB, AMZN, NLOK, AMGN, MAR, REGN, NFLX, GOOG, GOOGL, CMCSA, CTAS, CSX, ULTA, INCY, SNPS, CTSH, BMRN, JBHT, CHTR, CERN, KLAC, ILMN, BKNG, FOXA, FAST, ALXN, ISRG, TMUS, MXIM, PAYX, IDXX, ADSK, PYPL, CDNS, AMD, CHKP, EA, JD, HSIC, SWKS, LULU, MCHP, ADI, MU, CSCO, PCAR, AAPL, AVGO, ADBE, VRTX, FOX, NVDA, ALGN, KHC, MNST, FISV, EBAY, NXPI, QCOM, MSFT, VRSN, COST, TXN, XEL, ROST, WDAY, ATVI, NTES, MDLZ, INTC, PEP, BIDU, HAS, ASML, ADP, INTU, TTWO, VRSK, AMAT, EXC, MELI, LRCX, SBUX, TSLA, XLNX, GILD, WLTW, CTXS
                   
Stocks to watch on  Friday                
Nasdaq100  xsing above30   = 5                
SIRI, NTAP, TCOM, MYL, CMCSA                
                   
Nasdaq100  xsing below30  = 2                
WDC, DLTR                  
                   
NDX Leaders:                    
44 closing higher  and  59 closing Lower             
WYNN : +8.60% ;  SIRI : +6.34% ;  NTAP : +3.43%         
                   
DJIA Leaders:                    
15 closing higher  and  15 closing Lower             
XOM : +3.13% ;  UNH : +3.00% ;  CVX : +2.79%         
                   
SP500 Leaders:                    
271 closing higher  and  233 closing Lower             
LVS : +12.02% ;  APA : +11.46% ;  ODFL : +10.14%         
                   
Sectors                   
  5 sectors closed higher led by  XLE +3.23%  and  XLI +0.79%    Lower =  6      
  11            closing above 30d. SMA  and 0   closing below.
                   
Uptrend XLV, XLK, XLP                
Sideways XLC, XLB, XLY, XLRE, XLU                
Downtrend XLE, XLI, XLF                
                   
Breath:                   
 Strengthened  as  Advancers led  1818   to   1134 and  Nasdaq   Strengthened  as  Advancers led 1935   to   1281   
                   
MACD Crossover:                 
Up   0                
                   
                   
Down   16                
MYL, JBHT, BKNG, FOXA, PCAR, NVDA, KHC, MNST, FISV, QCOM, MSFT, COST, NTES, ADP, EXC, DLTR          
                   
                   


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