Tuesday, April 13, 2021

Market continues moving up!!!

                     
SPY Market Forecast 99.04 Short-term bullish pointing up in the upper zone              
   0.55   PCALL - 10 day SMA (0.75 - 1.00)              
   134.72   SKEW (120 - 135)                
                     
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                
  6-months UP                  
  10-days UP                  
  3-days UP                  
                     
Indices                     
UP:     QQQ +1.17% ; SPY +0.30% ;              
Down:           DIA -0.23% ; IWM -0.26%         
                     
  TLT +0.75% at 138.48                
  VIX -1.54% at 16.65                
                     
Sectors                     
  7 sectors closed higher led by  XLU +1.19%  and  XLY +1.06%    Lower =  4        
  10            closing above 30d. SMA  and 1   closing below.  
                     
XLU leaders     :    NEE, D, SRE, ES                
XLY leaders     :    DG, SBUX, AMZN, MCD               
XLK leaders     :    NVDA, AAPL, PYPL, ADBE               
                     
Uptrend XLY, XLK, XLRE, XLC, XLE, XLB, XLI, XLP, XLF, XLU, XLV    
Sideways                  
Downtrend                    
                     
                     
Breath:                     
NYSE Weakened  as  Decliners led  1608   to   1702 and  Nasdaq   Weakened  as  Decliners led 1965   to   2192     
                     
                     
NDX Leaders:                      
72 closing higher  and  31 closing Lower               
TSLA : +8.60% ;  ZM : +6.61% ;  DOCU : +4.76%           
                     
DJIA Leaders:                      
12 closing higher  and  18 closing Lower               
AAPL : +2.43% ;  BA : +1.50% ;  CRM : +1.42%           
                     
SP500 Leaders:                      
218 closing higher  and  284 closing Lower               
TSLA : +8.60% ;  AM : +4.21% ;  DHR : +3.41%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  91                  
TSLA, ZM, DOCU, NVDA, WDAY, AAPL, PYPL, IDXX, SPLK, CSGP, AMD, ISRG, EBAY, ADBE, XLNX, SNPS, ATVI, NTES, SBUX, ULTA, ADP, ANSS, VRTX, MSFT, INCY, EXC, CDW, CDNS, REGN, BMRN, XEL, INTU, VRSN, SWKS, CERN, AMZN, VRSK, GOOG, KHC, DLTR, MNST, EA, PAYX, GOOGL, AMGN, NTAP, GILD, FISV, ADSK, MELI, AVGO, CHKP, CTSH, DXCM, CSCO, NFLX, MDLZ, COST, CTAS, AMAT, LULU, TMUS, PEP, TTWO, LBTYA, QCOM, LBTYK, ALXN, WBA, BKNG, ASML, MXIM, KLAC, INTC, ADI, SIRI, FB, PCAR, TXN, CPRT, ORLY, LRCX, CSX, MCHP, ALGN, ROST, FAST, CTXS, WDC, NXPI, MU
                     
Stocks to watch on  Wednesday                  
                     
 Nasdaq100  xsing above30   = 8                 
  ZM, AMD, XLNX, NTES, VRTX, INCY, BMRN, PAYX               
                     
 Nasdaq100  xsing below30  = 1                 
  MAR                   
                     
                     
MACD Crossover:                   
Up   1                  
VRTX                     
                     
Down   8                  
JD, ASML, INTC, SIRI, TXN, CSX, MCHP, CTXS                  
                     
                     

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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)       ...