Watchlist 2023-04-28 $SPY $META $NYCB$ON $XRX

Apr 28, 2023

SPY -After getting the close over 408 on the hourly like I mentioned PD, it was all engines go to the upside. Now, be cautions assuming it's only up form here because this could have merely been a liquidity retest. Before a move lower. In order to confirm move lower I think we want to see a failed follow through high where it moves above 413.50 a closes below 4.10. That would give me the most confidence. However we could also see a lower higher where the 5 min green bars look toppy and are putting in wicks. We could also see a lower high and eventually move higher but the green bars would need to be strong on vol and opposite for red bar. Confidence of further long continuation would work well with a test and hold of 408-410. The take away here is look at the price action. Where are the bars telling you? Which direction has the strength and weakness?
Then make a judgement.

For further confirmation of a trend day, watch for:
AADD pinned near +\-2000
VVOLD ratio over +/- 3
TTICK cumulating past 0 wicking to +/-900

META- day 2 continuation over 240.50. which is over the PM high over 239.50 I think people what happened to MSFT on day 2 and would not want to miss out on META after their positive earnings. IF we get above 242.60 they it's all to the races. Look at MSFT PD for clues.

NYSE:NYCB- Q1 Adjusted Earnings Down, Revenue Rises; Maintains Quarterly Dividend. Approaching the all important 9.30 range high on a multi-month wedge which is topped by the 200 EMA. This is by far a 10/10 technical level and it has a positive earnings catalyst to potentially push us through. Earnings beat was 1500% by take that with a grain of salt.

ON - reporting earnings on mon. short term price action shows investors WERE expecting a decline, but after getting INTC earnings as a positive beat, ON could close some gains it lost over the last few days. Inflection is 70. If it can hold above, looking long as PD looks like a capitation ending move. Open to the idea that INTC could fail and we could see weakness in ON if I t can't hold 70.

XRX - buy retest of 15.50