Friday, March 25, 2022

SPY, DIA, IWM Close Higher after Late Rally...Energy, Utilities, Financial Lead Sectors...VIX Closes Lower...

 



Oil /CL +.26, traded lower on Friday until a report of an attack on a Saudi facility lifted oil prices. 
 
Talks between UKR / RUS continue to have no clear path towards a ceasefire.  
 
 
SPY up 2.20 at 452.69, on 77.1 million shares, below average volume, up on lhigher volume.
VIX down .86 at 20.81, fell to its lowest close since Feb 9.
QQQ down .30 at 359.35.
 
TRV, CVX, IBM, HON led the DJIA, 25 advancers, -3
SWN, CTRA, LUMN, KMI led the SPX, 376 advancers.
DXCM, EXC, ISRG, FISV led the NDX, 44 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: SPY, DIA, IWM,
Down: QQQ,  
 
Nine eleven sectors were higher on Friday, led by XLE XLU and XLF. 
 
Energy leaders: SWN, CTRA, KMI, PSX
Utilities leaders:  PNW, EIX, ATO, SO
Financial leaders:  ZION, CMA, LNC, PFG
 
Advancers weakened on Friday as advancers led 1,701 to 1,611 on the NYSE and decliners led 2,828 to 1,972 on the NASDAQ.
 
The SPY MFC green line is pointed up at 79.5 and is short-term bullish.  SPY rose continuing a nine-day rally.    
 
 
Uptrend sectorsXLE, XLU, XLP, XLV, XLB,
Neutral sectors:  XLRE, XLF, XLK, XLI,
Down trend sectors: XLY, XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market TrendUp a little
 
44 of 100 NDX stocks closed higher on Friday.
 
73 NDX stocks are above their 30 DMA:  EXC, DLTR, KHC, COST, AEP, AMGN, CTSH, PAYX, XEL, ADP, FAST, SGEN, AZN, ORLY, REGN, CRWD, VRTX, AVGO, CTAS, DXCM, HON, ODFL, PANW, TXN, VRSK, ADI, AMZN, ASML, CDNS, CPRT, CSX, FISV, IDXX, MCHP, MELI, MRNA, MRVL, MSFT, NVDA, ABNB, AMAT, ILMN, PYPL, SNPS, SPLK, TSLA, WDAY, FB, FTNT, GOOGL, INTC, SIRI, AAPL, AMD, BIIB, EBAY, NTES, PEP, ADSK, BKNG, CMCSA, KLAC, LRCX, LULU, MAR, MTCH, NFLX, NXPI, SWKS, VRSN, EA, ISRG, WBA,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 3
EA, ISRG, WBA,
 
Moving Below 30 DMA = 6
BIDU, DDOG, DOCU, LCID, TEAM, TMUS,
 
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1 comment:

Ben W. said...

Much appreciated, Dave!