Wednesday, April 27, 2022

 Futures to Watch - Daily Setups               
/CL[K22]   $102.07 ( 0.37 / +0.36% ) ; Setup:   Channel       
/GC[M22]   $1,886.30 ( -17.8 / -0.93% ) ; Setup:   HBO Bearish       
/ES[M22]   $4,210.25 ( 39.75 / +0.95% ) ; Setup:   HBO Bearish       
/NQ[M22]   $13,167.50 ( 151.5 / +1.16% ) ; Setup:   HBO Bearish triggered      
                 
                 
                 
SPY Market Forecast   20.64 Bearish pointing down in the middle zone          
   0.82   PCALL - 10 day SMA (0.75 - 1.00)          
                 
SPY INTERMEDIATE TERM:  Downtrend- Price below 30 &10 Wk SMA            
  6-months DOWN              
  10-days DOWN              
  3-days DOWN              
                 
Indices                 
UP:     SPY +0.28% ; DIA +0.17% ;          
Down:           QQQ -0.12% ; IWM -0.42%     
                 
  TLT -1.28% at 120.84            
  VIX -5.73% at 31.6            
                 
SPY   : Channel at support   below 30ds SMA          
QQQ   : HBO bearish - Channel Breaking support below 30ds SMA          
DIA   : Channel at support   below 30ds SMA          
IWM   : Bearish HBO triggered   below 30ds SMA          
                 
                 
Sectors                 
  6 sectors closed higher led by  XLK +1.48%  and  XLB +1.47%    Lower =  5    
  2            closing above 30d. SMA  and 9
                 
XLK leaders     :    XLNX, ENPH, V            
XLB leaders     :    AVY, FCX, AMCR, SHW           
XLE leaders     :    VLO, APA, DVN, XOM           
                 
Uptrend  XLB, XLE, XLP, XLV, XLU              
Sideways  XLI, XLY, XLF, XLRE              
Downtrend  XLK, XLC              
                 
                 
Breath:                 
NYSE Weakened  as  Decliners led  1463   to   1857 and  Nasdaq   Weakened   as  Decliners led 1926   to   2806
                 
                 
NDX Leaders:                   
38 closing higher  and  64 closing Lower           
JD : +7.91% ;  PDD : +7.41% ;  BIDU : +5.89%       
                 
DJIA Leaders:                   
11 closing higher  and  19 closing Lower           
V : +6.47% ;  MSFT : +4.81% ;  CRM : +2.70%       
                 
SP500 Leaders:                   
265 closing higher  and  229 closing Lower           
VIAC : N/A ;  DISCK : N/A ;  XLNX : N/A       
                 
NASDAQ 100                 
                 
Nasdaq Above 30MA    =   18              
FISV, BKNG, TMUS, ADP, KDP, MAR, KHC, PEP, MNST, CEG, MDLZ, ORLY, GILD, AMGN, XEL, DLTR, EXC, ROST         
                 
Stocks to watch on    Thursday              
                 
 Nasdaq100  xsing above30   = 5             
  FISV, BKNG, TMUS, ADP, KDP             
                 
 Nasdaq100  xsing below30  = 1             
  VRTX               
                 
                 
MACD Crossover:                 
Up   2              
JD, KDP                 
                 
Down   2              
MDLZ, MCHP                 
                 

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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)       ...