Friday, May 07, 2021

XLE, XLRE and XLI led sectors with new closing highs for indices.

SPY Market Forecast 91.9 Short-term bullish pointing up in the upper zone          
   0.59   PCALL - 10 day SMA (0.75 - 1.00)          
   145.76   SKEW (120 - 135)            
                 
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA            
  6-months UP              
  10-days UP              
  3-days UP              
                 
Indices                 
UP:     IWM +1.26% ; QQQ +0.81% ; SPY +0.73% ; DIA +0.69%     
Down:                    
                 
  TLT -0.49% at 139.23            
  VIX -9.24% at 16.69            
                 
Sectors                 
  10 sectors closed higher led by  XLE +1.78%  and  XLRE +1.22%    Lower =  0    
  10            closing above 30d. SMA  and 1
                 
XLE leaders     :    EOG, SLB, COP, XOM           
XLRE leaders     :    EQIX, SPG, WELL, AMT           
XLI leaders     :    BA, CAT, UPS, RTX            
                 
Uptrend XLE, XLRE, XLI, XLB, XLY, XLK, XLC, XLV, XLF, XLU, XLP           
Sideways                
Downtrend                
                 
                 
Breath:                 
NYSE Strengthened  as  Advancers led  2490   to   842 and  Nasdaq   Strengthened  as  Advancers led 2886   to   1353
                 
                 
NDX Leaders:                  
81 closing higher  and  21 closing Lower           
EXPE : +5.24% ;  CSGP : +3.66% ;  ROST : +3.02%       
                 
DJIA Leaders:                  
23 closing higher  and  6 closing Lower           
NKE : +3.24% ;  BA : +2.46% ;  CSCO : +1.89%       
                 
SP500 Leaders:                  
398 closing higher  and  103 closing Lower           
CNC : +8.07% ;  EOG : +7.95% ;  BKR : +6.76%       
                 
NASDAQ 100                
                 
Nasdaq Above 30MA    =  54              
ROST, CTAS, WDC, LULU, CHTR, ALGN, ASML, LRCX, NTAP, IDXX, CERN, FOXA, NVDA, CMCSA, ATVI, CSCO, ULTA, ISRG, CPRT, MXIM, QCOM, FOX, AMGN, MSFT, KHC, PCAR, EA, GOOG, BIIB, FAST, GOOGL, CSX, DLTR, COST, AAPL, ALXN, MDLZ, ORLY, TMUS, WBA, NTES, PEP, GILD, CHKP, VRSN, TCOM, ADP, FB, XEL, SBUX, REGN, PAYX, LBTYK, LBTYA
                 
Stocks to watch on  Tuesday              
                 
 Nasdaq100  xsing above30   = 8             
  LULU, LRCX, NVDA, ATVI, ULTA, QCOM, MSFT, DLTR           
                 
 Nasdaq100  xsing below30  = 2             
  AMZN, BMRN              
                 
                 
MACD Crossover:               
Up   11              
CTAS, WDC, NTAP, FOXA, ATVI, TXN, CSCO, FOX, AMGN, COST, REGN           
                 
Down   0              
                 

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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)       ...