Wednesday, April 28, 2021

MFC SPY bullish. Market mostly flat. XLE, XLC and XLF led the sectors advances

SPY Market Forecast 94.06 Short-term bullish pointing up in the upper zone                
   0.58   PCALL - 10 day SMA (0.75 - 1.00)                
   139.37   SKEW (120 - 135)                  
                       
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                  
  6-months UP                    
  10-days UP                    
  3-days UP                    
                       
Indices                       
UP:     IWM +0.17% ;                   
Down:        SPY -0.03% ; QQQ -0.34% ; DIA -0.43%           
                       
  TLT +0.06% at 138.73                  
  VIX -1.59% at 17.28                  
                       
Sectors                       
  5 sectors closed higher led by  XLE +3.45%  and  XLC +0.92%    Lower =  6          
  11            closing above 30d. SMA  and 0   closing below.    
                       
XLE leaders     :    EOG, SLB, COP, VLO                 
XLC leaders     :    GOOG, GOOGL, FB, T                 
XLF leaders     :    AXP, JPM, GS, BAC                  
                       
Uptrend XLE, XLC, XLF, XLB, XLP, XLY, XLU, XLI, XLV, XLRE, XLK                 
Sideways                      
Downtrend                      
                       
                       
Breath:                       
NYSE Strengthened  as  Advancers led  1926   to   1354 and  Nasdaq   Strengthened  as  Advancers led 2315   to   1847       
                       
                       
NDX Leaders:                        
35 closing higher  and  68 closing Lower                 
TCOM : +3.72% ;  MDLZ : +3.68% ;  LBTYK : +3.44%             
                       
DJIA Leaders:                        
14 closing higher  and  16 closing Lower                 
CVX : +2.45% ;  V : +1.54% ;  AXP : +1.45%             
                       
SP500 Leaders:                        
236 closing higher  and  267 closing Lower                 
NOV : +9.57% ;  FTI : +9.10% ;  DVN : +8.54%             
                       
NASDAQ 100                      
                       
Nasdaq Above 30MA    =  87                    
TCOM, MDLZ, LBTYK, GOOG, GOOGL, LBTYA, NTES, BKNG, FISV, AMZN, FB, MELI, EBAY, DOCU, DXCM, BMRN, ISRG, PYPL, ANSS, ADSK, EA, INCY, CTSH, EXPE, SGEN, EXC, IDXX, VRSK, INTU, NTAP, CHTR, SNPS, COST, WDAY, MAR, ALXN, XEL, ADBE, LULU, CSX, FAST, SWKS, ROST, CPRT, MNST, AAPL, TMUS, ZM, NVDA, ORLY, ULTA, CERN, CDW, AMAT, REGN, VRSN, QCOM, LRCX, CHKP, ASML, PAYX, ALGN, AMD, TSLA, XLNX, ILMN, MXIM, WDC, MSFT, SBUX, XEL, KHC, CHTR, CSX, LULU, CPRT, ISRG, ORLY, CTAS, MDLZ, ROST, COST, VRSK, SBUX, MNST, PEP, CHKP
                       
Stocks to watch on  Thursday                    
                       
 Nasdaq100  xsing above30   = 3                   
  MDLZ, LBTYA, FISV                    
                       
 Nasdaq100  xsing below30  = 15                   
  CSCO, PEP, DLTR, FOX, CTXS, CTAS, KLAC, MCHP, ADI, NXPI, SIRI, TXN, ADP, AMGN, CSGP             
                       
                       
MACD Crossover:                     
Up   5                    
MDLZ, LBTYK, LBTYA, AMZN, BIIB                    
                       
Down   9                    
VRSK, FAST, CPRT, CERN, QCOM, ALGN, MXIM, ADP, CSGP                  
                       

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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)       ...