Monday, April 18, 2022

Mostly an unchanged day with sideway movement. SPY Market Forecast continues to move down (bearish). Energy (XLE) led the sectors.

                       
Futures to Watch - Daily Setups                    
/CL[K22]   $107.48 ( 1.1 / +1.03% ) ; Setup:   HBO above 108.75 Bullish           
/GC[M22]   $1,980.60 ( 5.7 / +0.29% ) ; Setup: 2T    1967.2 Bullish       
/ES[M22]   $4,400.50 ( 13 / +0.30% ) ; Setup:   Bear Flag           
/NQ[M22]   $13,973.00 ( 79.25 / +0.57% ) ; Setup:   Bear Flag           
                      
                      
                      
SPY Market Forecast   51.83 Bearish pointing down in the middle zone               
   0.74   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:     QQQ +0.08% ; SPY +0.04% ;               
Down:           DIA -0.04% ; IWM -0.67%          
                      
  TLT -0.50% at 120.15                 
  VIX -3.00% at 22.02                 
                      
SPY   : Channel   below 30ds SMA               
QQQ   : Channel   below 30ds SMA               
DIA   : Channel   above 30ds SMA               
IWM   : Bearish HBO   below 30ds SMA               
                      
                      
Sectors                      
  5 sectors closed higher led by  XLE +1.50%  and  XLF +0.60%    Lower =  6         
  8            closing above 30d. SMA  and 3   closing below.   
                      
XLE leaders     :    VLO, PSX, CTRA, OXY                
XLF leaders     :    SYF, COF, DFS, BAC                 
XLK leaders     :    MPWR, LRCX, MCHP                
                      
Uptrend  XLE, XLB, XLU, XLP, XLV                   
Sideways  XLF, XLY, XLRE, XLI                   
Downtrend  XLK, XLC                   
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  1259   to   2077 and  Nasdaq   Weakened   as  Decliners led 1559   to   3207      
                      
                      
NDX Leaders:                        
39 closing higher  and  63 closing Lower                
LRCX : +3.15% ;  MCHP : +3.10% ;  NVDA : +2.47%            
                      
DJIA Leaders:                        
11 closing higher  and  19 closing Lower                
GS : +2.56% ;  INTC : +2.12% ;  JPM : +1.86%            
                      
SP500 Leaders:                        
194 closing higher  and  303 closing Lower                
VIAC : N/A ;  TWTR : +7.48% ;  SYF : +6.18%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   39                   
ADI, TSLA, MAR, ROST, CEG, ORLY, INTU, EXC, FISV, BIIB, CTAS, MNST, XEL, MDLZ, KHC, AEP, GILD, FTNT, DLTR, AZN, PAYX, AMGN, LULU, PEP, ADP, VRSK, BKNG, REGN, COST, PANW, HON, TMUS, NTES, VRTX, DXCM, SPLK, ABNB, SGEN, CRWD
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 2                  
  ADI, INTU                   
                      
 Nasdaq100  xsing below30  = 6                  
  VRSN, CMCSA, SIRI, ZS, DOCU, MRNA                  
                      
                      
MACD Crossover:                      
Up   1                   
PCAR                      
                      
Down   5                   
PEP, REGN, OKTA, CHTR, CRWD                     
                      
                      

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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)       ...