CHARTS_CCI_SYSTEM

[rimshot]

SPX - above or below the 50-day sma by the top 25 weighted stocks
in the S&P 500 index, as of Friday April 13:

the top 25 stocks account for 34% of the daily SPY price action

** the bullish case likely requires more of these
influential 25 stocks to eventually hold above their 50-day sma's

http://portfolios.morningstar.com/fund/holdings?t=SPY

9 total above 50-day sma:

* these 9 stocks comprise 14.7% of the daily SPY price action

AAPL
CSCO
CVX
INTC
JNJ - below 200-day sma
KO - below 200-day sma
MSFT
PFE
XOM - below 200-day sma


16 total below 50-day sma:

* these 16 stocks comprise 19.6% of the daily SPY price action

AMZN
BA
BAC
BRK/B
C
FB - also below 200-day sma
GOOG - 200 day sma is nearby
GOOGL - 200 day sma is nearby
HD
JPM
PG - also below 200-day sma
T - also below 200-day sma
UNH
V
VZ - 200 day sma is nearby
WFC - also below 200-day sma

** AAPL, MSFT & INTC daily charts, selected
because of their high percentage weighting in
the S&P 500
And
because their price action is
the most favorable vs. the other 25 stocks