Wednesday, January 19, 2022

SPX, NDX, DJI Open Higher, Close Lower...Staples, Utilities Lead Sectors...

 
© 2022
 

SPX, DJI, NDX and RUT opened higher and closed lower on Wednesday after a last hour sell-off prior to President Biden’s first press conference since November.
 
SPX closed at 4,532 -44.35.
NDX closed at 15,047, -162.92.
 
 
Earnings season Wednesday EPS reports from BAC, PLD, USB, MS, CMA, STT, PG, FAST, CFG, UNH BMO and DFS, KMI, UAL AMC.
Q4 Earnings Reports:
Positive reactions: PG, MS, WFC,
Neutral reactions: BAC, UNH, JBHT, PLD, FAST, TFC
Negative reactions: USB, STT, CFG, CMA, BK, GS, PNC, SBNY, SCHW, TFC, C, BLK, FRC, JPM
 
 
SPY down 4.74 at 451.75, on 109.3 million shares, above average volume, down on similar volume.   
VIX up 1.06 at 23.85
QQQ down 4.07, -1.10% at 366.48
 
PG, WMT, UNH, MSFT led the DJIA, 9 advancers,
TTWO, NEM, CTXS, GCI led the SPX, 117 advancers.
PTON, PDD, PANW, EA led the NDX, 36 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: 
Down:  DIA, SPY, QQQ, IWM,
 
Two of eleven sectors were higher on Tuesday, led by XLP, XLU and XLC.
 
Consumer Staples leaders: PG, KMB, CL, WMT
Utilities leaders: NEE, PNW, EXC, D  
Communication Services leaders: TTWO, GCI, EA, NFLX
 
Advancers strengthened on Wednesday as decliners led 2,321 to 1,064 on the NYSE and led 3,178 to 1,540 on the NASDAQ.
 
The SPY MFC green line is pointed down at 39.7 and is short-term bearish.  SPY closed below last week’s support low. 
 
 
Uptrend sectorsXLE, XLF, XLP, XLU, XLI, XLB, XLRE, XLV, XLK,
Neutral sectors: XLY,
Down trend sectors: XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendDown
 
36 of 100 NDX stocks closed higher on Wednesday.
 
25 NDX stocks are above their 30 DMA:  VRTX, XEL, PEP, AEP, AMGN, WBA, CERN, MDLZ, INCY, KDP, CHKP, ATVI, BKNG, EXC, FISV, INTC, KHC, PCAR, CMCSA, HON, BIDU, SPLK, EA, ILMN, NTES, JD, PDD,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
LCID,
 
Moving Below 30 DMA = 2
CTSH, MU,
 
 
Add Comments here:

Tuesday, January 18, 2022

SPX, DJI, NDX, RUT Open and Close Lower as TNX Moves Higher...Volatility Jumps...MSFT to Buy ATVI...

 
© 2022

 
SPX, DJI, NDX and RUT opened lower and closed lower on Tuesday after pre-market sell-off in futures as the TNX rose to its highest level in over two years.  MSFT to buy ATVI.
 
SPX closed at 4,577 -85.74.
NDX closed at 15,210, -400.84.
 
 
Earnings season Tuesday EPS reports from MS, BK, PNC, SBNY, SCHW, TFC BMO and JBHT AMC.
Q4 Earnings Reports:
Positive reactions: WFC,
Neutral reactions: TFC
Negative reactions: BK, GS, PNC, SBNY, SCHW, TFC, C, BLK, FRC, JPM
 
 
SPY down 8.23 at 456.49, on 109.8 million shares, above average volume, down on higher volume.   
VIX up 3.60 at 22.79
QQQ down 9.46, -1.77% at 370.55
 
V, CAT, CVX, VZ led the DJIA, 7 advancers,
CTXS, XOM, OXY, LLY led the SPX, 56 advancers.
ATVI, EA, PDD, ZS led the NDX, 7 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:  
Down:  DIA, SPY, QQQ, IWM,
 
One of eleven sectors was higher on Tuesday, led by XLE, XLRE and XLI.
 
Energy leaders: XOM, OXY, WMB, COP
Real Estate leaders: PLD, PEAK, DLR,  
Industrials leaders: DE, PNR, LMT, CHRW
 
Advancers weakened on Tuesday as decliners led 2,910 to 527 on the NYSE and led 3,993 to 809 on the NASDAQ.
 
The SPY MFC green line is pointed down at 52.7 and is defensive.  SPY closed at last week’s support low. 
 
 
Uptrend sectorsXLE, XLF, XLP, XLU, XLI, XLB, XLRE, XLV, XLK,
Neutral sectors: XLY,
Down trend sectors: XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendDown
 
7 of 100 NDX stocks closed higher on Tuesday.
 
26 NDX stocks are above their 30 DMA:  MU, VRTX, XEL, PEP, AEP, AMGN, CTSH, WBA, CERN, MDLZ, INCY, KDP, CHKP, ATVI, BKNG, EXC, FISV, INTC, KHC, PCAR, CMCSA, HON, BIDU, SPLK, EA, ILMN, NTES, JD, PDD,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 0
 
 
Moving Below 30 DMA = 10
AMAT, BIIB, CSCO, GILD, KLAC, LCID, LRCX, MAR, QCOM, TSLA,
 
 
 
Add Comments here:

Friday, January 14, 2022

SPX, NDX, RUT Open Lower. Close Higher, Energy, Technology Lead Sectors, Q4 EPS Seasons Kicks Off...Markets Closed Monday...


© 2022
 

SPX, NDX and RUT opened lower after a lower-than-expected December Retail Sales report Friday morning.  After trading in a lower trading range for most of the day, a last hour rally pushed SPX, NDX and RUT to a higher close.  VIX opened higher and was positive for most of Friday, declined in the last hour and closed lower heading into the 3-day MLK, Jr. Holiday weekend.  The DJI opened lower and closed lower.


Markets are closed on Monday.
 

SPX closed at 4,6629 +3.82.
NDX closed at 15,611, +118.98.
 
 
Earnings season began Friday with EPS reports from JPM, C, WFC, BLK, and FRC.
Q4 Earnings Reports:
Positive reactions: WFC,
Negative reactions: C, BLK, FRC, JPM
 
 
SPY up.19 at 464.72, on 95.8 million shares, above average volume, up on higher volume.   
VIX down 1.12 at 19.19
QQQ up 2.35, +0.62% at 380.01
 
AMGN, MSFT, CVX, INTC led the DJIA, 15 advancers, -2
LVS, WYNN, HFC, DISCA led the SPX, 211 advancers.
LRCX, AMAT, KLAC, MRVL led the NDX, 53 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:  QQQ, IWM, SPY,
Down:  DIA,
 
Four of eleven sectors were higher on Friday, led by XLE, XLK and XLC.
 
Energy leaders: HFC, MRO, SLB, BKR
Technology leaders: LRCX, AMAT, KLAC, TER
Communication Services leaders: DISCA, GCI, FOXA, ATVI
 
Advancers strengthened on Friday as decliners led 1,996 to 1,350 on the NYSE and led 2,509 to 2,117 on the NASDAQ.
 
The SPY MFC green line is pointed down for a second day at 58.5 and is defensive.  SPY opened lower near support and rallied to a slightly higher close. 
 
 
Uptrend sectorsXLE, XLF, XLP, XLU, XLI, XLB, XLRE, XLV, XLK, XLY,
Neutral sectors: 
Down trend sectors: XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendDown a little
 
53 of 100 NDX stocks closed higher on Friday.
 
36 NDX stocks are above their 30 DMA:  MU, VRTX, CSCO, XEL, PEP, AEP, AMGN, CTSH, WBA, CERN, MDLZ, INCY, KDP, CHKP, ATVI, BKNG, EXC, FISV, INTC, KLAC, MAR, KHC, PCAR, CMCSA, HON, BIDU, LCID, GILD, SPLK, EA, ILMN, NTES, QCOM, AMAT, BIIB, JD, LRCX, PDD, TSLA,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 4
JD, LRCX, PDD, TSLA,
 
Moving Below 30 DMA = 4
CSX, MNST, ORLY, SIRI,
 
  
Add Comments here: