Thursday, April 01, 2021

All indices closed higher led by QQQ. TLT up 1.52%. XLE, XLK leading the sectors

SPY Market Forecast 92.59 Short-term bullish pointing up in the upper zone            
   0.64   PCALL - 10 day SMA (0.75 - 1.00)            
   136.29   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days UP                
                   
Indices                   
UP:     QQQ +1.70% ; IWM +1.27% ; SPY +1.08% ; DIA +0.38%       
Down:                      
                   
  TLT +1.52% at 137.51              
  VIX -10.67% at 17.33              
                   
Sectors                   
  8 sectors closed higher led by  XLE +2.55%  and  XLK +2.01%    Lower =  3      
  11            closing above 30d. SMA  and 0   closing below.
                   
XLE leaders     :    VLO, MPC, EOG, SLB             
XLK leaders     :    NVDA, CRM, MSFT, V             
XLC leaders     :    NFLX, GOOG, GOOGL, ATVI             
                   
Uptrend XLE, XLK, XLC, XLRE, XLF, XLB, XLY, XLI, XLP              
Sideways XLU, XLV                
Downtrend                  
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  2667   to   666 and  Nasdaq   Strengthened  as  Advancers led 3211   to   1036   
                   
                   
NDX Leaders:                    
91 closing higher  and  12 closing Lower             
LRCX : +7.40% ;  WDC : +6.92% ;  AMAT : +5.93%         
                   
DJIA Leaders:                    
19 closing higher  and  10 closing Lower             
CRM : +3.23% ;  MSFT : +2.79% ;  V : +2.42%         
                   
SP500 Leaders:                    
383 closing higher  and  118 closing Lower             
FANG : +10.52% ;  MRO : +10.39% ;  DVN : +7.55%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  78                
LRCX, WDC, AMAT, KLAC, CSGP, XLNX, MU, MXIM, QCOM, CPRT, ANSS, NVDA, ADI, NFLX, NXPI, GOOG, AMD, CDNS, GOOGL, ASML, MCHP, INTU, EBAY, SIRI, GILD, MSFT, ATVI, AVGO, WDAY, FISV, SNPS, ADSK, SWKS, BKNG, CDW, EXPE, AMZN, INCY, CTAS, TTWO, EA, TMUS, VRSK, ADBE, FAST, TXN, VRSN, CERN, FB, NTAP, DLTR, ISRG, CTSH, CSX, INTC, PAYX, COST, AAPL, ALGN, CSCO, LBTYA, ROST, ADP, XEL, EXC, REGN, LBTYK, MNST, ALXN, AMGN, ORLY, SBUX, KHC, CTXS, PEP, MDLZ, WBA, BIIB
                   
Stocks to watch on  Monday                
                   
 Nasdaq100  xsing above30   = 16               
  WDC, CSGP, XLNX, MU, QCOM, CPRT, NFLX, AMD, INTU, BMRN, ATVI, AVGO, WDAY, FISV, AMZN, AAPL        
                   
 Nasdaq100  xsing below30  = 2               
  MAR, VRTX                
                   
                   
MACD Crossover:                 
Up   10                
WDC, MU, NXPI, SGEN, AVGO, WDAY, BKNG, CTAS, TMUS, ULTA              
                   
Down   3                
AMGN, KHC, LULU                 
                   
                   

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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)       ...