Monday, April 20, 2020

USO-Oil down almost 10.93%!!! All indexes in red in a pause day. Note that short term forecast is moving up to 69.88


                    
                    
                    
SPY Market Forecast 69.88 Short-term bullish   Pointing a higher            
                    
LONG TERM SIDEWAYS - Crossing above 30 DMA                
  6-months Down                 
  10-days Up                 
  3-days Sideways                 
                    
Indices                    
  QQQ -1.18% ; IWM -1.18% ;  SPY -1.76% ; DIA -2.39%        
                    
                    
Nasdaq Above 30MA    =  97                 
BMRN, NFLX, ALXN, ILMN, ALGN, INCY, WDAY, VRTX, IDXX, AMZN, TTWO, AMGN, MELI, AMD, HAS, EBAY, VRSN, CERN, LBTYK, PYPL, EA, ADBE, CTXS, LBTYA, CSCO, XLNX, NTES, ORLY, MDLZ, REGN, CHTR, BIDU, INTU, KHC, NLOK, FB, ATVI, PCAR, CHKP, ADP, HSIC, BIIB, TSLA, CDNS, TMUS, GOOG, MNST, SIRI, ASML, GOOGL, ISRG, PAYX, MYL, ADSK, TXN, NVDA, COST, ADI, INTC, MSFT, JD, FOX, AAPL, PEP, CMCSA, SBUX, CTSH, MXIM, QCOM, SNPS, FAST, CSX, NTAP, AVGO, VRSK, SWKS, FOXA, KLAC, DLTR, LULU, GILD, MCHP, WLTW, FISV, ULTA, EXC, NXPI, BKNG, XEL, LRCX, AMAT, MU, EXPE, ROST, JBHT, WYNN, CHKP
                    
Stocks to watch on  Tuesday                 
Nasdaq100  xsing above30   = 0                 
                    
                    
Nasdaq100  xsing below30  = 3                 
CTAS, MAR, WDC                  
                    
NDX Leaders:                     
29 closing higher  and  74 closing Lower              
BMRN :  +4.58% ;  NFLX : +3.44% ;  ALXN : +3.13%          
                    
DJIA Leaders:                     
2 closing higher  and  28 closing Lower              
IBM :   +0.24% ;  CSCO :   +0.14% ;  JNJ :   -0.23%          
                    
SP500 Leaders:                     
76 closing higher  and  427 closing Lower              
FLIR :   +14.11% ;  DD :   +3.55% ;  NFLX :   +3.44%          
                    
Sectors                    
  0 sectors closed higher led by  XLV -0.79%  and  XLC -0.91%    Lower =  11       
  11            closing above 30d. SMA  and 0   closing below.
                    
Uptrend XLV, XLK, XLP, XLB                 
Sideways XLC, XLY, XLRE, XLU                 
Downtrend XLF, XLI, XLE                 
                    
Breath:                    
 Weakened  as  Decliners led  670   to   2297 and  Nasdaq   Weakened  as  Decliners led 1234   to   2029    
                    
MACD Crossover:                  
Up   0                 
                    
                    
Down   2                 
MU, WDC                   
                    
                    


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