Wednesday, December 29, 2021

SPX, DJI Inch to All-time Closing Highs as WBA, NKE, HD Lead DJI...Real Estate, Health Care Lead Sectors...

 
© 2021
 
 
The SPX and DJI both made a new all-time closing high on Wednesday.
 
SPX closed at 4,793 +6.71, a new closing high.
NDX closed at 16,491, +2.35.
 
 
SPY up .61 at 477.48, on 54.4 million shares, below average volume, up on higher volume.  SPY made an all-time closing high. 
VIX down .59 at 16.95
QQQ down .06, -0.01% at 401.55.
 
WBA, NKE, HD, JNJ led the DJIA, 22 advancers, -0
WDC, SWN, PHM, TSCO led the SPX, 342 advancers.
BIIB, MU, MRNA, SPLK led the NDX, 59 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA, SPY, IWM,
Down: QQQ,
 
Eight of eleven sectors were higher on Wednesday, led by XLRE, XLV and XLU.
 
Real Estate leaders: WY, EXR, MAA, DRE
Health Care leaders: BIIB, MRNA, CTLT, MTD
Utilities leaders: EXC, ATO, NI, CMS
 
Advancers strengthened on Wednesday as advancers led 1,870 to 1,461 on the NYSE and decliners led 2,736 to 1,911 on the NASDAQ.
 
The SPY MFC green line continued up at 90.6 and is bullish.  SPY inched to a new all-time closing high on Wednesday. 
 
 
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
 
59 of 100 NDX stocks closed higher on Wednesday.
 
70 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, XLNX, CHTR, CMCSA, BIIB, REGN, SWKS,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
BIIB, REGN, SWKS,  
 
Moving Below 30 DMA = 2
TEAM, ZS,
 
 
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