Wednesday, April 22, 2020

SPY moved up 2.22% to close a bit above 50% retracement. All sectors closed up.


                    
                    
SPY Market Forecast 76.6 Short-term bullish   Pointing a higher            
                    
LONG TERM Sideways- Crossing above 30 DMA                
  6-months Down                 
  10-days Up                 
  3-days Down                 
                    
Indices                    
  QQQ +2.97% ; SPY +2.22% ;  DIA +1.98% ; IWM +1.21%        
                    
                    
Nasdaq Above 30MA    =  94                 
LRCX, NXPI, AMAT, EXPE, PYPL, CDNS, KLAC, FB, INTC, TSLA, SBUX, NVDA, MU, INTU, ADI, AMD, MCHP, WDC, SWKS, AVGO, XLNX, ASML, MELI, TXN, PAYX, VRSN, EXC, VRSK, SNPS, JD, WDAY, MXIM, FISV, QCOM, GOOG, GOOGL, ADP, CTAS, ULTA, GILD, CTXS, IDXX, MSFT, TMUS, CERN, ADSK, ISRG, XEL, CSCO, AAPL, ORLY, NLOK, COST, LULU, HAS, REGN, VRTX, CTSH, CSX, ADBE, MDLZ, CHKP, FAST, BMRN, ATVI, WLTW, MNST, EBAY, LBTYK, AMZN, INCY, ALGN, LBTYA, ROST, TTWO, PEP, NTES, EA, CHTR, KHC, BKNG, PCAR, ALXN, ILMN, JBHT, BIDU, MAR, WYNN, HSIC, DLTR, AMGN, FOX, NFLX, FOXA
                    
Stocks to watch on  Thursday                 
Nasdaq100  xsing above30   = 8                 
NXPI, EXPE, MU, WDC, EXC, FISV, CTAS, BKNG                
                    
Nasdaq100  xsing below30  = 0                 
                    
                    
NDX Leaders:                     
91 closing higher  and  12 closing Lower              
LRCX : +11.55% ;  NXPI : +9.87% ;  AMAT : +7.82%          
                    
DJIA Leaders:                     
28 closing higher  and  2 closing Lower              
INTC : +6.64% ;  MCD : +5.01% ;  NKE : +4.19%          
                    
SP500 Leaders:                     
408 closing higher  and  93 closing Lower              
CMG : +12.15% ;  LRCX : +11.55% ;  TWTR : +10.45%          
                    
Sectors                    
  11 sectors closed higher led by  XLK +3.85%  and  XLE +3.56%    Lower =  0       
  11            closing above 30d. SMA  and 0   closing below.
                    
Uptrend XLK, XLV, XLP                 
Sideways XLU, XLC, XLY, XLB, XLRE                 
Downtrend XLE, XLF, XLI                 
                    
Breath:                    
 Strengthened  as  Advancers led  2085   to   881 and  Nasdaq   Strengthened  as  Advancers led 2178   to   1081    
                    
MACD Crossover:                  
Up   0                 
                    
                    
Down   6                 
CSX, WLTW, ROST, PEP, CMCSA, BIIB                 
                    
                    
                    

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