Tuesday, December 28, 2021

DJI Rises as NDX, SPX and RUT Pause...Utilities, Materials Lead Sectors...

 
 
© 2021
 
 
DJI rallied for a fifth day on Tuesday, as SPX, NDX and RUT paused after rising for four straight days.
 
SPX closed at 4,786 -4.84, a pause day after a breakout to a new high on Monday.
NDX closed at 16,488, -78.84.
 
 
SPY down .39 at 476.87, on 47.2 million shares, below average volume, down on lower volume.  SPY made an all-time intra-day high and closed slightly lower. 
VIX down .14 at 17.54
QQQ down 1.87, -0.46% at 401.61.
 
DIS, BA, WMT, WBA led the DJIA, 22 advancers, -0
CPB, BLL, AAL, VLO led the SPX, 305 advancers.
ATVI, EXC, MELI, AEP led the NDX, 38 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA,
Down: SPY, QQQ, IWM,
 
 
Seven of eleven sectors were higher on Tuesday, led by XLU, XLB and XLP.
 
Utilities leaders: EXC, AWK, FE, AEP
Materials leaders: BLL, IFF, DOW, LYB
Consumer Staples leaders: CPB, CAG, KR, WMT 
 
Advancers weakened on Tuesday as decliners led 1,731 to 1,602 on the NYSE and led 3,058 to 1,575 on the NASDAQ.
 
The SPY MFC green line continued up at 83 and is bullish.  SPY is a pause day after an HBO to a new all-time closing high on Monday. 
 
 
Uptrend sectorsXLV, XLK, XLRE, XLP, XLU, XLB, XLY, XLE, XLI, XLF,
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 TrendUp
 
38 of 100 NDX stocks closed higher on Tuesday.
 
69 NDX stocks are above their 30 DMA:  DLTR, AVGO, AAPL, COST, LRCX, MU, GILD, VRTX, CSCO, FAST, ORLY, XEL, MRVL, PEP, AEP, AMGN, CTSH, WBA, CERN, MNST, MDLZ, INCY, TMUS, KDP, PAYX, SIRI, VRSN, CHKP, FTNT, PANW, AMAT, ANSS, ATVI, BKNG, CDNS, CSX, EA, EXC, FISV, IDXX, ILMN, INTC, ISRG, KLAC, MAR, MCHP, NXPI, QCOM, SNPS, ADP, DDOG, GOOGL, ALGN, FB, KHC, MSFT, TSLA, VRSK, ADSK, AMD, ASML, CPRT, CTAS, MELI, PCAR, ROST, SBUX, TEAM, XLNX, ZS, CHTR, CMCSA,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 2
CHTR, CMCSA,
 
Moving Below 30 DMA = 5
INTU, MTCH, NVDA, PYPL, TXN,
 
 
Add Comments here:

No comments: