SPX Reverses Wednesday's Bounce, Rallies From Low...SPY, DIA, IWM Form Long-tail Hammer Candles...All Sectors Mover Lower...

© 2022

- The SPX -56.05 reverses Wednesday’s 56-point bounce after positive economic data on GDP, Jobless Claims and negative EPS reaction from MU -1.76, -3.44%,

- Other semiconductor stocks LRCX, AMAT NVDA, KLAC, AMD and more were lower in sympathy with MU.

- Selling exhausted around 1:30 pm ET and SPY, DIA, QQQ and IWM rallied from their low, with SPY, DIA and IWM forming long-tailed hammer candles that closed above Tuesday’s close.

- VIX moved higher and closed above the high of the low day.

DXY closed higher, while GLD, /CL, TNX and TLT moved lower and.

SPY down 5.51 at 380.72, on 100.1 million shares, above average volume, down on higher volume.

VIX up 1.90 at 21.97

QQQ down 5.51 at 266.76

VZ, NKE, PG, MRK led the DJIA, 4 advancers, -24

FDX, VFC, KR, VNO led the SPX, 85 advancers

WBD, VRTX, CHTR, KHC led the NDX, 6 advancers

The two-year trend term is up a little.  The one-year trend down.

Up:

Down:  DIA, IWM, SPY, QQQ,

All eleven sectors were lower on Thursday, the weakest were XLY, XLK and XLE.

Advancers weakened on Thursday as decliners led 2,439 to 699 on the NYSE and led 3,108 to 1,466 on the NASDAQ.

The SPY MFC green line pointed down at 26.3 and is short-term bearish on Wednesday.  SPY opened lower and closed lower.

Uptrend sectors:   XLV, XLP, XLB, XLI, XLF, XLE,

Neutral sectors:  XLK, XLU, XLC, XLRE,

Down trend sectors:  XLY,

The 6-month intermediate trend is sideways.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Sideways

6 of 100 NDX stocks closed higher on Thursday

20 NDX stock are above their 30 DMA:   KHC, ROST, AZN, XEL, AVGO, PDD, ATVI, JD, EXC, META, OKTA, WDAY, ALGN, SGEN, MRNA, ADBE, AEP, CTAS, MDLZ, PDD,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 14

ADI, BKR, CDNS, CMCSA, DDOG, FISV, HON, ISRG, KLAC, MNST, NFLX, NVDA, PCAR, SNPS,

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SPX Close Above the high of the Low Day on Strong Channel Bounce...NKE, FDX Positive EPS Reactions...Energy, Industrials, Technology Lead all Sectors Higher...

© 2022

- The SPX +56.82 opened higher after strong EPS reactions from NKE +12.57, +12.18% and FDX +5.64, +3.43%,

- and closed higher after a positive Consumer Confidence report of 108.3 vs. 101.0 consensus.

- Buyers were in control on Wednesday as SPY, DIA, QQQ and IWM closed above the high of the low day on a strong channel bounce.

- VIX closed lower for the fourth straight day.

/CL, TLT and DXY closed higher, while GLD moved lower and TNX was unchanged.

SPY up 5.69 at 386.23, on 78.0 million shares, below average volume, up on higher volume.

VIX down 1.41 at 20.07

QQQ up 3.91 at 273.45

NKE, BA, CAT, AAPL led the DJIA, 28 advancers, +9

APA, ETSY, HAS, ENPH led the SPX, 467 advancers

CTAS, MRNA, AMD, CHTR led the NDX, 85 advancers

The two-year trend term is up a little.  The one-year trend down.

Up:  IWM, DIA, SPY, QQQ,

Down:

All eleven sectors were higher on Wednesday, led by XLE, XLI and XLK.

Advancers strengthened on Wednesday as advancers led 2,406 to 729 on the NYSE and led 3,141 to 1,466 on the NASDAQ.

The SPY MFC green line pointed down at 32.4 and is short-term bearish on Wednesday.  SPY opened higher and closed higher.

Uptrend sectors:   XLV, XLP, XLB, XLI, XLF, XLE, 

Neutral sectors:  XLK, XLU, XLC, XLRE,

Down trend sectors:  XLY,

The 6-month intermediate trend is sideways.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up a little

85 of 100 NDX stocks closed higher on Wednesday

35 NDX stock are above their 30 DMA:   AMGN, KHC, ROST, AZN, KLAC, XEL, AVGO, PDD, ATVI, JD, EXC, META, OKTA, WDAY, ALGN, DDOG, SGEN, MRNA, ADBE, MNST, ADI, AEP, BKR, CDNS, CMCSA, CTAS, FISV, HON, ISRG, MDLZ, NFLX, NVDA, PCAR, PDD, SNPS,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 15

ADI, AEP, BKR, CDNS, CMCSA, CTAS, FISV, HON, ISRG, MDLZ, NFLX, NVDA, PCAR, PDD, SNPS,

Moving Below 30 DMA = 0

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SPX Opens Lower, Closes Higher...Energy, Communication Services, Materials Lead Sectors...NKE, FDX Higher on Positive EPS Reaction...

© 2022

The SPX +3.96 opened lower and closed higher on Tuesday as sellers and buyers came into balance and price action formed a spinning top.  VIX closed lower.

GLD, /CL and TNX closed higher, while TLT and DXY moved lower.

After hours:  NKE +13.18, +12.77% and FDX +7.86, +4.78% moved higher on a positive EPS reaction

SPY up .52 at 380.54, on 74.4 million shares, below average volume, up on lower volume.

VIX down .94 at 21.48

QQQ down .21 at 269.54

IBM, CVX, DIS, BA led the DJIA, 19 advancers, +9

GCI, NEM, SLB, HAL led the SPX, 267 advancers

MRNA, SGEN, ADBE, BKR led the NDX, 44 advancers

The two-year trend term is up a little.  The one-year trend down.

Up:  IWM, DIA, SPY,

Down:  QQQ,

Seven of eleven sectors were higher on Tuesday, led by XLE, XLC and XLB.

Advancers strengthened on Tuesday as advancers led 1,650 to 1,497 on the NYSE and led 2,342 to 2,246 on the NASDAQ.

The SPY MFC green line pointed down at 40.3 and is short-term bearish on Tuesday.  SPY opened lower and closed higher.

Uptrend sectors:   XLV, XLP, XLB, XLI, XLF, XLE, 

Neutral sectors:  XLK, XLU, XLC, XLRE,

Down trend sectors:  XLY,

The 6-month intermediate trend is sideways.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

44 of 100 NDX stocks closed higher on Tuesday

20 NDX stock are above their 30 DMA:   AMGN, KHC, ROST, AZN, KLAC, XEL,  AVGO, PDD, ATVI, JD, EXC, META, OKTA, WDAY, ALGN, DDOG, SGEN, MRNA, ADBE, MNST,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 2

ADBE, MNST,

Moving Below 30 DMA = 4

ADI, AEP, GILD, NVDA,

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SPX Continues Selloff Day 4...All Sectors Lower...Changes to NDX, SPX BMO This Morning...

© 2022

On Monday BMO FSLR replaced FBIN and MBC in the S&P 500.  CSGP, RIVN, WBD, GFS, BKR, FANG replaced VRSN, SWKS, SPLK, BIDU, MTCH, DOCU, NTES in the NDX.

The SPX -34.70 opened flat and closed lower on Monday for the fourth straight day as the selloff continued.  VIX was lower at the close.

DXY was flat, /CL and TNX closed higher, while TLT and GLD moved lower.

SPY down 3.25 at 380.02, on 79.8 million shares, below average volume, down on lower volume.

VIX down .20 at 22.42

QQQ down 4.50 at 269.75

WBA, CVX, JPM, CRM led the DJIA, 10 advancer, +5

NRG, WFC, DGX, MPC led the SPX, 110 advancers
MELI, JD, PCAR, ROST led the NDX, 13 advancers

The two-year trend term is up a little.  The one-year trend down.

Up:

Down:  DIA, SPY, IWM, QQQ,

All eleven sectors were lower on Monday, the weakest were XLK, XLY and XLC.

Advancers weakened on Monday as decliners led 2,221 to 932 on the NYSE and led 3,442 to 1,210 on the NASDAQ.

The SPY MFC green line pointed down at 52.4 and is defensive with a potential shift to short-term bearish on Tuesday.  SPY opened flat and closed lower.

Uptrend sectors:   XLV, XLP, XLB, XLI, XLF, XLE, 

Neutral sectors:  XLK, XLU, XLC, XLRE,

Down trend sectors:  XLY,

The 6-month intermediate trend is sideways.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

13 of 100 NDX stocks closed higher on Monday

22 NDX stock are above their 30 DMA:   GILD, AMGN, KHC, NVDA, ROST, AZN, KLAC, XEL, AEP, ADI, AVGO, PDD, ATVI, JD, EXC, META, OKTA, WDAY, ALGN, DDOG, SGEN, MRNA,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 8

ADBE, CSCO, CSX, ISRG, MDLZ, MNST, MSFT, SNPS,

Removed from NDX: BIDU, DOCU, NTES, SPLK VRSN = 5

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SPX Lower as Post FOMC Selloff Continues on Quad-Witching Friday...VIX Closes Lower...All Sectors Close Lower...

© 2022

On Monday December 19 BMO, FSLR will replace FBIN and MBC in the S&P 500.

Also, on Monday December 19 BMO, CSGP, RIVN, WBD, GFS, BKR, FANG will replace VRSN, SWKS, SPLK, BIDU, MTCH, DOCU, NTES in the NDX.

The SPX -43.69 opened lower and closed lower on Friday as the post FOMC selloff continued.  Advancers increased on Friday and VIX was lower at the close.

DXY, GLD and TNX closed higher, while /CL and TLT moved lower.

ADBE +9.83, +2.99% on positive EPS reaction and Q1 guidance.

SPY down 4.58 at 383.27, ex-div 1.781 on Friday, on 119.8 million shares, above average volume, down on slightly higher volume.

VIX down .21 at 22.62

QQQ down 2.64 at 274.25

CAT, DOW, BA, AMGN led the DJIA, 5 advancer, +4

MBC, UHS, GNRC, KR led the SPX, 83 advancers

ADBE, META, SNPS, TMUS led the NDX, 27 advancers

The two-year trend term is up a little.  The one-year trend down.

Up: 

Down:  IWM, DIA, QQQ, SPY,

All eleven sectors were lower on Friday, the weakest were XLU, XLY and XLRE.

Advancers strengthened on Friday as decliners led 2,135 to 958 on the NYSE and led 2,840 to 1,740 on the NASDAQ.

The SPY MFC green line turned down at 62.1 and is defensive.  SPY opened lower and closed lower.

Uptrend sectors:   XLV, XLP, XLB, XLI, XLF, XLE, 

Neutral sectors:  XLK, XLU, XLC, XLRE,

Down trend sectors:  XLY,

The 6-month intermediate trend is sideways.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

27 of 100 NDX stocks closed higher on Friday

35 NDX stock are above their 30 DMA:   GILD, AMGN, KHC, ISRG, CSCO, CSX, MDLZ, NVDA, ROST, AZN, KLAC, XEL, AEP, ADI, AVGO, PDD, ADBE, ATVI, JD, MSFT, SNPS, VRSN, BIDU, NTES, EXC, META, OKTA, WDAY, SPLK, DOCU, ALGN, DDOG, SGEN, MRNA, MNST,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 1

MNST,

Moving Below 30 DMA = 10

AMAT, ANSS, ASML, CMCSA, DXCM, IDXX, INTU, ODFL, SBUX, SWKS,

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SPX Lower after FOMC Selloff Continues...All Sectors Lower...ADBE Positive EPS Reaction After hours...

© 2022

The SPX -99.57 opened lower and closed lower on Thursday after the negative reaction to Wednesday’s FOMC press conference.  Retail Sales came in below expectations and some sources reported that there were recession fears influencing today’s selloff.

DXY and TLT closed higher, while /CL, GLD and TNX moved lower.

After hours:  ADBE +15.29, +4.65% on positive EPS reaction and Q1 guidance.

SPY down 9.77 at 389.63, on 117.7 million shares, above average volume, down on higher volume.

VIX up 1.69 at 22.83

QQQ down 9.62 at 276.89

VZ led the DJIA, 1 advancer, -5

FBIN, LEN, DHI, CTRA led the SPX, 35 advancers

ALGN, TSLA led the NDX, 2 advancers

The two-year trend term is up a little.  The one-year trend down.

Up:

Down:  DIA, SPY, IWM, QQQ,

All eleven sectors were lower on Thursday, the weakest were XLB, XLK and XLC.

Advancers weakened on Thursday as decliners led 2,533 to 601 on the NYSE and led 3,434 to 1,176 on the NASDAQ.

The SPY MFC green line turned down at 67.1 and is defensive.  SPY opened lower and closed lower.

Uptrend sectors:   XLV, XLP, XLB, XLI, XLF, XLE,

Neutral sectors:  XLK, XLU, XLC, XLRE,

Down trend sectors:  XLY,

The 6-month intermediate trend is sideways.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

2 of 100 NDX stocks closed higher on Thursday

44 NDX stock are above their 30 DMA:   GILD, AMGN, KHC, ISRG, CSCO, AMAT, CSX, IDXX, MDLZ, NVDA, ROST, AZN, KLAC, XEL, AEP, ADI, ASML, AVGO, CMCSA, PDD, SBUX, SWKS, ADBE, ANSS, ATVI, JD, MSFT, SNPS, VRSN, BIDU, NTES, EXC, DXCM, META, OKTA, WDAY, SPLK, INTU, DOCU, ODFL, ALGN, DDOG, SGEN, MRNA,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 22

ADP, BKNG, CDNS, CTAS, FISV, FTNT, GOOGL, HON, LRCX, MAR, MCHP, MNST, MRVL, NFLX, NXPI, PAYX, PEP, QCOM, REGN, TXN, VRSK, WBA,

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