Monday, April 26, 2021

IWM leading the move up followed by QQQ. TSLA beat expectation but moved down as initial reaction.

 
SPY Market Forecast 91.26 Short-term bullish pointing up in the upper zone            
   0.57   PCALL - 10 day SMA (0.75 - 1.00)            
   139.09   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days UP                
                   
Indices                   
UP:     IWM +1.04% ; QQQ +0.65% ; SPY +0.21% ;         
Down:              DIA -0.16%       
                   
  TLT -0.14% at 139.86              
  VIX +1.79% at 17.64              
                   
Sectors                   
  7 sectors closed higher led by  XLE +0.67%  and  XLB +0.59%    Lower =  4      
  10            closing above 30d. SMA  and 1   closing below.
                   
XLE leaders     :    SLB, WMB, EOG, COP             
XLB leaders     :    CTVA, DD, DOW, ECL             
XLK leaders     :    PYPL, NVDA, CRM, AAPL             
                   
Uptrend XLE, XLB, XLK, XLY, XLF, XLC, XLRE, XLI, XLV, XLU, XLP             
Sideways                  
Downtrend                  
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  2073   to   1231 and  Nasdaq   Strengthened  as  Advancers led 2847   to   1352   
                   
                   
NDX Leaders:                    
59 closing higher  and  44 closing Lower             
WDC : +4.91% ;  SWKS : +4.58% ;  DOCU : +4.23%         
                   
DJIA Leaders:                    
12 closing higher  and  18 closing Lower             
AXP : +4.16% ;  BA : +1.28% ;  GS : +1.23%         
                   
SP500 Leaders:                    
261 closing higher  and  238 closing Lower             
OTIS : +7.00% ;  FCX : +6.87% ;  ALB : +5.79%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  87                
WDC, SWKS, DOCU, LBTYK, XLNX, AMD, BMRN, BKNG, QCOM, BIIB, REGN, LRCX, VRSN, SNPS, PYPL, AMZN, AMAT, MCHP, WDAY, NXPI, TCOM, MXIM, CDNS, ILMN, NVDA, ANSS, MELI, ADSK, TXN, ATVI, TSLA, KLAC, CTSH, EBAY, ADI, DXCM, INTU, FB, GOOG, EA, GOOGL, GILD, FISV, AAPL, CDW, NTAP, SGEN, MSFT, CTXS, CERN, ALXN, INCY, ADBE, ULTA, CSGP, ASML, IDXX, ZM, NTES, SIRI, ADP, PAYX, VRTX, ALGN, EXPE, FAST, CSCO, EXC, AMGN, TMUS, XEL, KHC, CHTR, CSX, LULU, CPRT, ISRG, ORLY, CTAS, MDLZ, ROST, COST, VRSK, SBUX, MNST, PEP, CHKP
                   
Stocks to watch on  Tuesday                
                   
 Nasdaq100  xsing above30   = 7               
  WDC, LBTYK, BIIB, TCOM, ATVI, CTSH, EBAY              
                   
 Nasdaq100  xsing below30  = 1               
  DLTR                 
                   
                   
MACD Crossover:                 
Up   4                
SWKS, XLNX, MXIM, FISV                
                   
Down   6                
VRTX, AMGN, XEL, MDLZ, MNST, PEP                


SETUPS  
BF  : CHKP, CPRT, PEP, COST, ACN, CSCO, CSX, DG, DLTR, GDXJ, HD, UNH, NTES, TAL, TGT, ORCL
HBO  : ADBE, NVDA, CTAS, SNPS, ADI, LRCX, DOCU, AMAT, DE, AXP, BABA, BAC, BIDU, BIG, C, CRM, CRWD, DIA, EA, FAST, IWM, MS, SPY, NTAP, QQQ
2T  : FAS
MACD  :  
CHANNEL  : INTC, MU, AU, BBY, JPM, NFLX, NKE, XLE, WMT, ZION
BEAR  : SPLK, IBKR, JD
NH  : MSFT
EPS  : AAPL, AMZN, PYPL, SBUX, ALGN, CDNS, CHTR, CTSH, CTXS, FISV, QCOM, SWKS, MXIM, PCAR, XLNX, TSLA, EBAY, TXN, TMUS, VRSK, ATVI, CAT, MCHP, MELI, ADSK, AKAM, AMD, BA, BKNG, BYND, CARR, CVS, DDOG, FB, GILD, GOLD, GOOGL, ILMN, KHC, KLAC, MCD, MMM, MNST, TWTR, V, SHOP, TWLO, TLT, SQ, NXPI
                   

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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)       ...