Monday, April 04, 2022

Bull Flag Triggered - Horizontal Breakout Setup for SPY, QQQ and DIA.

                    
Futures to Watch - Daily Setups                 
/CL[K22]   $103.64 ( 4.37 / +4.40% ) ; Setup:   Channel          
/GC[M22]   $1,936.30 ( 12.6 / +0.65% ) ; Setup:   Channel          
/ES[M22]   $4,577.25 ( 38 / +0.84% ) ; Setup:   Bull Flag triggered, HBO Setup         
/NQ[M22]   $15,163.75 ( 300 / +2.02% ) ; Setup:   Bull Flag triggered, HBO Setup            
                   
                   
                   
SPY Market Forecast   88.86 Defensive pointing down in the upper zone            
   0.67   PCALL - 10 day SMA (0.75 - 1.00)            
                   
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days SIDEWAYS                
                   
Indices                   
UP:     QQQ +2.06% ; SPY +0.88% ; DIA +0.35% ; IWM +0.21%       
Down:                      
                   
  TLT -0.69% at 131.46              
  VIX -5.60% at 18.53              
                   
SPY   : Bull Flag Triggered   above 30ds SMA            
QQQ   : Bull Flag Triggered   above 30ds SMA            
DIA   : Bull Flag Triggered   above 30ds SMA            
IWM   : Inside the Channel   above 30ds SMA            
                   
                   
Sectors                   
  5 sectors closed higher led by  XLC +2.76%  and  XLY +2.25%    Lower =  6      
  10            closing above 30d. SMA  and 1   closing below.
                   
XLC leaders     :    VIAC, TWTR, NFLX, FB             
XLY leaders     :    ETSY, TSLA, PENN, CZR             
XLK leaders     :    ENPH, NOW, QCOM             
                   
Uptrend  XLE, XLB, XLI, XLU, XLV                
Sideways  XLC, XLY, XLK, XLRE, XLP, XLF               
Downtrend                   
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  1844   to   1530 and  Nasdaq   Strengthened  as  Advancers led 3044   to   1759   
                   
                   
NDX Leaders:                     
80 closing higher  and  22 closing Lower             
PDD : +15.59% ;  BIDU : +9.10% ;  OKTA : +7.82%         
                   
DJIA Leaders:                     
19 closing higher  and  11 closing Lower             
CRM : +3.11% ;  AAPL : +2.37% ;  INTC : +2.27%         
                   
SP500 Leaders:                     
252 closing higher  and  246 closing Lower             
VIAC : N/A ;  TWTR : +27.12% ;  ETSY : +7.18%         
                   
NASDAQ 100                   
                   
Nasdaq Above 30MA    =   89                
PDD, BIDU, JD, TSLA, ZM, NFLX, LULU, INTU, PYPL, FB, MTCH, TEAM, DOCU, MELI, AMZN, ORLY, ROST, PANW, ADSK, LCID, MRVL, NVDA, ZS, AAPL, NTES, ADBE, ABNB, INTC, FTNT, EA, WDAY, ANSS, GOOG, GOOGL, DDOG, ASML, LRCX, KLAC, MSFT, SWKS, GILD, SNPS, CPRT, SIRI, TMUS, VRSK, CTAS, AVGO, VRTX, CDNS, CMCSA, FAST, AMGN, ADP, SGEN, CEG, VRSN, MAR, MCHP, MNST, CRWD, REGN, BIIB, ILMN, CSCO, TXN, PAYX, KDP, BKNG, FISV, HON, CTSH, XEL, COST, KHC, ATVI, AZN, PEP, SPLK, ADI, EXC, MDLZ, AEP, IDXX, ISRG, DLTR, EBAY, DXCM, MRNA
                   
Stocks to watch on    Tuesday                
                   
 Nasdaq100  xsing above30   = 9               
  PDD, BIDU, JD, ORLY, LCID, EA, LRCX, SWKS, GILD             
                   
 Nasdaq100  xsing below30  = 1               
  SBUX                 
                   
                   
MACD Crossover:                   
Up   3                
BIDU, QCOM, CHTR                   
                   
Down   3                
LCID, LRCX, HON                   
                   

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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)       ...