Friday, April 28, 2023

 SPY Market Forecast   83.57 Bullish pointing up in the upper zone                 
   0.92   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 UP                   
                     
Indices                      
UP:     IWM +0.88% ; SPY +0.85% ; DIA +0.84% ; QQQ +0.69%          
Down:                         
                      
  TLT +1.61% at 106.46                 
  VIX -7.34% at 15.78                 
                     
                     
Sectors                      
  10 sectors closed higher led by  XLE +1.55%  and  XLF +1.19%    Lower =  1         
  11           sectors closing above 30d. SMA  and 0   closing below.   
                     
XLE leaders     :    EQT, APA, EOG, FANG                 
XLF leaders     :    SIVB, USB, CMA, ZION                
XLB leaders     :    EMN, LYB, CE, AVY                 
                     
Uptrend  XLK, XLC, XLV, XLP                   
Sideways  XLE, XLF, XLB, XLRE, XLI, XLY, XLU                  
Downtrend                      
                     
                     
Breath:                      
NYSE Strengthened  as  Advancers led           2,201    to                   798  and  Nasdaq   Strengthened  as  Advancers led            2,890    to            1,543       
                     
                     
NDX Leaders:                        
77 closing higher  and  25 closing Lower                
CHTR : +7.57% ;  MTCH : +5.46% ;  INTC : +4.02%            
                     
DJIA Leaders:                        
26 closing higher  and  4 closing Lower                
INTC : +4.02% ;  DIS : +2.57% ;  HD : +2.25%            
                     
SP500 Leaders:                        
416 closing higher  and  86 closing Lower                
SIVB : N/A ;  CHTR : +7.57% ;  LUMN : +7.24%            
                     
NASDAQ 100                      
                     
Nasdaq Above 30MA    =   58                   
CHTR, MTCH, INTC, MU, MDLZ, ABNB, BIIB, INTU, CMCSA, MELI, MAR, PYPL, VRSN, FISV, NVDA, EBAY, PAYX, ISRG, ADP, BKNG, CPRT, ADBE, IDXX, PCAR, SBUX, MNST, NFLX, ROST, CTAS, VRSK, LRCX, CEG, CSX, MSFT, AAPL, META, NTES, PEP, HON, EA, KLAC, LULU, WBA, VRTX, COST, DLTR, ORLY, GOOG, FAST, GOOGL, AEP, XEL, AZN, EXC, KHC, DXCM, LCID, AMZN
                     
Stocks to watch on    Monday                   
                     
 Nasdaq100  xsing above30   = 11                  
  CHTR, MTCH, INTC, ABNB, INTU, MELI, PYPL, PAYX, ADBE, NFLX, NTES               
                     
 Nasdaq100  xsing below30  = 3                  
  GILD, TMUS, DDOG                   
                     
                     
MACD Crossover:                      
Up   12                   
CHTR, MU, ABNB, BIIB, JD, PYPL, ADP, IDXX, AMAT, AAPL, HON, VRTX                  
                     
Down                    
                     
 

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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)       ...