Monday, April 22, 2024

 SPY Market Forecast   7.69 Bearish pointing down in the lower zone                 
   0.91   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Sideways- Price in between 30 &10 Wk SMA                
  6-months UP                   
  10-days DOWN                   
  3-days DOWN                   
                      
Indices                      
UP:     IWM +1.12% ; QQQ +1.01% ; SPY +0.92% ; DIA +0.68%          
Down:                         
                      
  TLT -0.17% at 89                 
  VIX -9.62% at 16.91                 
                      
                      
Sectors                      
  11 sectors closed higher led by  XLF +1.21%  and  XLP +0.95%    Lower =  0         
  3           sectors closing above 30d. SMA  and 8   closing below.   
                      
XLF leaders     :    COIN, ADYEY, MS, COF                
XLP leaders     :    SJM, RBGLY, CCEP, CPB                
XLU leaders     :    BIP, AES, VST, D                 
                      
Uptrend  XLE                    
Sideways  XLF, XLP, XLU, XLK, XLI, XLV, XLC, XLB                  
Downtrend  XLRE, XLY                   
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,050    to                   727  and  Nasdaq   Strengthened  as  Advancers led            2,713    to            1,528       
                      
FANGT Stocks                      
UP:     NVDA ; AMZN ; GOOGL ; AAPL ; MSFT ; META ;         
Down:                 NFLX ; TSLA      
                      
                      
NDX Leaders:                        
84 closing higher  and  16 closing Lower                
SPLK : N/A ;  PDD : +9.38% ;  NVDA : +4.35%            
                      
DJIA Leaders:                        
24 closing higher  and  6 closing Lower                
GS : +3.30% ;  JPM : +1.94% ;  PG : +1.52%            
                      
SP500 Leaders:                        
409 closing higher  and  87 closing Lower                
F : +6.10% ;  UAL : +4.98% ;  NVDA : +4.35%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   17                   
PDD, AZN, MDLZ, GOOG, PANW, GOOGL, PEP, CEG, ADP, KHC, FANG, AEP, KDP, CTAS, XEL, EXC, TMUS               
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 5                  
  PDD, MDLZ, PANW, CEG, ADP                  
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   11                   
PDD, AZN, CCEP, VRTX, SIRI, ADP, AMGN, ROP, AEP, EXC, EA                   
                      
Down   0                   
                      
                      

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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)       ...