Friday, April 16, 2021

New all times high. VIX down to 16.25. Basic Materials and Utilities leading the sectors advance

SPY Market Forecast 97.92 Short-term bearish pointing down in the upper zone          
   0.54   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 UP                
                   
Indices                   
UP:     DIA +0.45% ; SPY +0.33% ; IWM +0.16% ; QQQ +0.12%       
Down:                      
                   
  TLT -0.78% at 139.26              
  VIX -1.93% at 16.25              
                   
Sectors                   
  8 sectors closed higher led by  XLB +1.21%  and  XLU +0.81%    Lower =  3      
  10            closing above 30d. SMA  and 1   closing below.
                   
XLB leaders     :    PPG, SHW, ECL, NEM             
XLU leaders     :    WEC, ES, NEE, DUK              
XLY leaders     :    BKNG, LOW, HD, SBUX             
                   
Uptrend XLB, XLU, XLY, XLV, XLF, XLP, XLI, XLRE, XLK, XLC, XLE             
Sideways                  
Downtrend                  
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  1846   to   1447 and  Nasdaq   Weakened  as  Advancers led 1907   to   2274   
                   
                   
NDX Leaders:                    
54 closing higher  and  48 closing Lower             
ALXN : +3.90% ;  MNST : +2.31% ;  CSCO : +2.25%         
                   
DJIA Leaders:                    
24 closing higher  and  6 closing Lower             
CSCO : +2.25% ;  HD : +1.65% ;  JNJ : +1.15%         
                   
SP500 Leaders:                    
273 closing higher  and  75 closing Lower             
PPG : +8.73% ;  ALXN : +3.90% ;  SHW : +3.80%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  93                
ALXN, MNST, CSCO, EXPE, BKNG, CDW, GILD, ORLY, REGN, CPRT, SBUX, ULTA, NTAP, CHTR, PEP, IDXX, PAYX, CTXS, TMUS, SIRI, CTSH, CERN, ISRG, NTES, EBAY, EXC, LBTYK, BMRN, ROST, LBTYA, AMZN, XEL, ASML, ADP, COST, VRSK, MSFT, ADSK, MU, ADBE, CHKP, FAST, DLTR, QCOM, AMGN, DXCM, TSLA, MDLZ, GOOG, ALGN, BIIB, VRSN, GOOGL, PCAR, KHC, ANSS, CDNS, CSX, AVGO, AAPL, FISV, CTAS, INTC, INTU, MXIM, SWKS, MELI, NFLX, AMAT, SNPS, LULU, FB, DOCU, INCY, TXN, ZM, ADI, VRTX, WBA, LRCX, CSGP, AMD, XLNX, NXPI, EA, MCHP, ATVI, NVDA, PYPL, WDAY, KLAC, TTWO, SGEN
                   
Stocks to watch on  Monday                
                   
 Nasdaq100  xsing above30   = 3               
  EXPE, PAYX, NTES                
                   
 Nasdaq100  xsing below30  = 2               
  MAR, SPLK                
                   

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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)       ...