Thursday, April 22, 2021

All indices down. TXT up - VIX up 6.9%

 
SPY Market Forecast 91.04 Short-term bearish pointing down in the upper zone           
   0.57  PCALL - 10 day SMA (0.75 - 1.00)             
   138.33   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days UP                 
  3-days SIDEWAYS                 
                    
Indices                    
UP:                       
Down:     IWM -0.41% ; SPY -0.91% ; DIA -0.93% ; QQQ -1.21%        
                    
  TLT +0.44% at 140.39               
  VIX +6.91% at 18.71               
                    
Sectors                    
  0 sectors closed higher led by  XLRE -0.43%  and  XLV -0.45%    Lower =  11       
  10            closing above 30d. SMA  and 1   closing below.
                    
XLRE leaders     :    SBAC, PSA, CCI, PLD              
XLV leaders     :    TMO, ABT, BMY, UNH              
XLI leaders     :    GE, MMM, RTX, HON              
                    
Uptrend XLRE, XLV, XLI, XLU, XLP, XLC, XLY, XLF, XLK, XLE, XLB              
Sideways                   
Downtrend                   
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  1277   to   2006 and  Nasdaq   Weakened  as  Decliners led 2028   to   2141    
                    
                    
NDX Leaders:                     
28 closing higher  and  75 closing Lower              
LULU : +3.69% ;  NTES : +2.22% ;  DXCM : +2.18%          
                    
DJIA Leaders:                     
4 closing higher  and  26 closing Lower              
CRM : +0.34% ;  MCD : +0.30% ;  V : +0.05%          
                    
SP500 Leaders:                     
141 closing higher  and  362 closing Lower              
EFX : +14.94% ;  POOL : +6.43% ;  TSCO : +4.41%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  74                 
LULU, NTES, DXCM, ZM, ILMN, TTWO, DOCU, VRSK, IDXX, CHTR, VRSN, BMRN, CSGP, ROST, ULTA, CPRT, ADP, CTAS, EA, CHKP, CERN, PAYX, MDLZ, ALGN, FISV, CTSH, XEL, ANSS, TMUS, ADSK, EXPE, ALXN, MNST, CDW, INTU, NTAP, FAST, PEP, INCY, ORLY, SBUX, COST, CSCO, CSX, CTXS, MELI, ADBE, PYPL, CDNS, GOOG, GOOGL, AAPL, ASML, DLTR, MSFT, EXC, AMGN, KHC, SIRI, AMZN, TXN, FB, SWKS, VRTX, GILD, SNPS, MXIM, KLAC, AMAT, REGN, TSLA, NVDA, ISRG, LRCX
                    
Stocks to watch on  Friday                 
                    
 Nasdaq100  xsing above30   = 2                
  ZM, ILMN                 
                    
 Nasdaq100  xsing below30  = 0                
                    
                    
                    
MACD Crossover:                  
Up   2                 
MDLZ, EXPE                   
                    
Down   13                 
CDW, ORLY, SBUX, COST, MELI, AAPL, MSFT, SIRI, LBTYA, LBTYK, AMD, NVDA, BIIB             
                    
 

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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)       ...