Monday, April 11, 2022

Continue bearish move for all the indices. SPY and QQQ crossing below 30ds SMA with Market Forecast bearish. Intermediate term is bearish. All 11 sectors closed lower.

 Futures to Watch - Daily Setups                
/CL[K22]   $95.06 ( -3.2 / -3.26% ) ; Setup:   HBO Bearsih        
/GC[M22]   $1,958.80 ( 13.2 / +0.68% ) ; Setup:   HBO Bullish        
/ES[M22]   $4,409.50 ( -74 / -1.65% ) ; Setup:   Channel         
/NQ[M22]   $14,003.00 ( -324 / -2.26% ) ; Setup:   Channel         
                  
                  
                  
SPY Market Forecast   68.87 Bearish pointing down in the middle zone           
   0.73   PCALL - 10 day SMA (0.75 - 1.00)           
                  
SPY INTERMEDIATE TERM:  Downtrend- Price below 30 &10 Wk SMA             
  6-months SIDEWAYS               
  10-days DOWN               
  3-days DOWN               
                  
Indices                  
UP:                     
Down:     IWM -0.67% ; DIA -1.20% ; SPY -1.71% ; QQQ -2.37%      
                  
  TLT -1.58% at 123.14             
  VIX +15.17% at 24.37             
                  
SPY   : Channel   crossing below 30ds SMA          
QQQ   : Channel   crossing below 30ds SMA          
DIA   : Channel   above 30ds SMA           
IWM   : Bearish HBO   below 30ds SMA           
                  
                  
Sectors                  
  0 sectors closed higher led by  XLI -0.32%  and  XLP -0.41%    Lower =  11     
  7            closing above 30d. SMA  and 4   closing below.
                  
XLI leaders     :    DAL, LUV, AAL, RTX            
XLP leaders     :    TAP, TSN, CAG, STZ            
XLF leaders     :    SIVB, RF, SBNY, WFC            
                  
Uptrend  XLP, XLB, XLU, XLV, XLE               
Sideways  XLI, XLF, XLRE, XLY               
Downtrend  XLC, XLK               
                  
                  
Breath:                  
NYSE Weakened  as  Decliners led  1011   to   2306 and  Nasdaq   Weakened   as  Decliners led 1513   to   3200  
                  
                  
NDX Leaders:                    
19 closing higher  and  83 closing Lower            
ROST : +2.96% ;  NTES : +2.12% ;  DLTR : +1.58%        
                  
DJIA Leaders:                    
4 closing higher  and  26 closing Lower            
VZ : +0.69% ;  DOW : +0.44% ;  TRV : +0.42%        
                  
SP500 Leaders:                    
116 closing higher  and  381 closing Lower            
VIAC : N/A ;  T : +7.74% ;  DAL : +4.00%        
                  
NASDAQ 100                  
                  
Nasdaq Above 30MA    =   47               
ROST, NTES, DLTR, KHC, MNST, SPLK, FAST, SIRI, PANW, CMCSA, VRTX, BKNG, FISV, MDLZ, LULU, DOCU, PEP, AMGN, MRNA, XEL, GILD, AZN, CRWD, PDD, PYPL, VRSK, ABNB, AEP, ORLY, PAYX, CPRT, TMUS, BIIB, INTU, REGN, FTNT, COST, CTAS, FB, DXCM, ADP, MELI, ILMN, EXC, TSLA, SGEN, CEG
                  
Stocks to watch on    Tuesday               
                  
 Nasdaq100  xsing above30   = 0              
                  
                  
 Nasdaq100  xsing below30  = 7              
  ZS, VRSN, AAPL, CDNS, SNPS, ISRG, IDXX             
                  
                  
MACD Crossover:                  
Up   2               
DLTR, CHTR                  
                  
Down   7               
ATVI, PDD, PAYX, INTU, ADP, ILMN, SGEN               
                  
                  

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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)       ...