Thursday, April 30, 2020

SPY moved down to test the breakout at 287.3 in a first day of a bull flag


                    
                    
SPY Market Forecast 95.26 Short-term bullish   Pointing a higher            
                    
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA              
  6-months Down                 
  10-days Up                 
  3-days Up                 
                    
Indices                    
  QQQ -0.04% ; SPY -0.93% ;  DIA -1.31% ; IWM -3.80%        
  TLT -1.17% at 166.74               
  VIX +9.35% at 34.15               
                    
Sectors                    
  0 sectors closed higher led by  XLC -0.44%  and  XLK -0.45%    Lower =  11       
  11            closing above 30d. SMA  and 0   closing below.
                    
Uptrend XLC, XLK, XLV, XLY, XLP                 
Sideways XLRE, XLI, XLE, XLU, XLB                 
Downtrend XLF                  
                    
                    
Breath:                    
 Weakened  as  Decliners led  793   to   2159 and  Nasdaq   Weakened  as  Decliners led 907   to   2399    
                    
                    
NDX Leaders:                     
26 closing higher  and  77 closing Lower              
FB : +5.42% ;  AMZN : +4.27% ;  CTXS : +3.59%          
                    
DJIA Leaders:                     
6 closing higher  and  24 closing Lower              
AAPL : +2.11% ;  UNH : +1.68% ;  BA : +1.45%          
                    
SP500 Leaders:                     
68 closing higher  and  435 closing Lower              
ABMD : +12.98% ;  NOW : +9.18% ;  NLSN : +5.52%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  101                 
FB, AMZN, CTXS, LBTYA, AAPL, EBAY, NFLX, REGN, IDXX, INCY, WLTW, LBTYK, AMGN, EA, ADBE, BIDU, GILD, MSFT, MDLZ, ADP, GOOG, ILMN, GOOGL, CHKP, CHTR, VRTX, NLOK, TTWO, VRSK, SIRI, SBUX, QCOM, ADSK, PYPL, PCAR, MNST, WDAY, SNPS, TCOM, KHC, PEP, VRSN, ALXN, HAS, CDNS, ORLY, INTU, COST, FAST, DLTR, AVGO, FISV, ATVI, TMUS, ISRG, PAYX, CTSH, NVDA, SWKS, CSCO, CERN, TSLA, XEL, AMD, NTES, NTAP, ALGN, BKNG, TXN, JD, CSX, BMRN, INTC, MELI, MYL, EXC, ADI, WDC, CMCSA, ULTA, LULU, MU, WYNN, CTAS, HSIC, MXIM, JBHT, XLNX, AAL, MCHP, ASML, EXPE, UAL, MAR, ROST, KLAC, NXPI, FOX, AMAT, FOXA, LRCX
                    
Stocks to watch on  Friday                 
Nasdaq100  xsing above30   = 1                 
CTXS                    
                    
Nasdaq100  xsing below30  = 1                 
WBA                    
                    
                    
MACD Crossover:                  
Up   1                 
IDXX                    
                    
Down   9                 
ALXN, NVDA, CSCO, CERN, MELI, JBHT, ASML, AMAT, LRCX               
                    
                    


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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)       ...