Friday, April 23, 2021

IWM led the move up followed by QQQ, SPY and DIA.

SPY Market Forecast 90.44 Short-term bearish pointing down in the upper zone         
   0.57   PCALL - 10 day SMA (0.75 - 1.00)           
   140.09   SKEW (120 - 135)             
                  
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA             
  6-months UP               
  10-days UP               
  3-days SIDEWAYS               
                  
Indices                  
UP:     IWM +1.89% ; QQQ +1.26% ; SPY +1.08% ; DIA +0.68%      
Down:                     
                  
  TLT -0.24% at 140.06             
  VIX -7.38% at 17.33             
                  
Sectors                  
  9 sectors closed higher led by  XLF +1.87%  and  XLB +1.64%    Lower =  2     
  10            closing above 30d. SMA  and 1   closing below.
                  
XLF leaders     :    WFC, GS, C, BLK             
XLB leaders     :    ECL, APD, DOW, PPG            
XLK leaders     :    NVDA, AAPL, ADBE, MSFT            
                  
Uptrend XLF, XLB, XLK, XLC, XLI, XLY, XLE, XLV, XLRE, XLU, XLP            
Sideways                 
Downtrend                 
                  
                  
Breath:                  
NYSE Strengthened  as  Advancers led  2574   to   747 and  Nasdaq   Strengthened  as  Advancers led 3143   to   1106  
                  
                  
NDX Leaders:                   
81 closing higher  and  22 closing Lower            
XLNX : +5.35% ;  AMD : +4.68% ;  SWKS : +4.09%        
                  
DJIA Leaders:                   
25 closing higher  and  5 closing Lower            
GS : +2.57% ;  DOW : +1.94% ;  JPM : +1.91%        
                  
SP500 Leaders:                   
405 closing higher  and  98 closing Lower            
SIVB : +8.72% ;  STX : +6.03% ;  XLNX : +5.35%        
                  
NASDAQ 100                 
                  
Nasdaq Above 30MA    =  58               
AMD, ASML, MCHP, MXIM, NVDA, NXPI, ADSK, MELI, AMAT, IDXX, ADI, CSGP, KLAC, LRCX, GOOGL, GOOG, BKNG, INTU, NTAP, ANSS, ISRG, AAPL, ADBE, INCY, ILMN, FB, MSFT, CTAS, CPRT, CDNS, DOCU, EA, CSX, MNST, NTES, DXCM, FISV, EXPE, AMZN, CDW, FAST, CSCO, ALGN, AMGN, LULU, COST, ADP, DLTR, CTXS, CHTR, MDLZ, CHKP, GILD, EXC, ALXN, CERN, BMRN, KHC
                  
Stocks to watch on  Monday               
                  
 Nasdaq100  xsing above30   = 5              
  AMD, MCHP, NXPI, ADI, BKNG              
                  
 Nasdaq100  xsing below30  = 1              
  CTSH                
                  
                  
MACD Crossover:                
Up   4               
AMD, ASML, MELI, JD                
                  
Down   1               
GILD                  
                  
 

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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)       ...