SPX Closed Lower on Friday and Lower for 2022...Markets Closed Monday, New Years Holiday Observance...

© 2022

Have a Happy New Year celebration and relaxing three-day weekend!

On Friday, the SPX -9.78 opened lower, traded in a lower range and rallied in the last hour of trading to close slightly lower for the final trading day of 2022.

QQQ, DIA, SPY and IWM closed lower. 

VIX moved higher.

TSLA closed higher for a third day for the first time since October 28…will the countertrend bounce lead to a change in trend?

 

2022 Recap

DIA -8.80%          SPY -19.48%            IWM -21.62%            QQQ -33.07%

XLE +57.60%      XLU -1.51%              XLP -3.32%               XLV -3.58%

XLI -7.18%          XLF -12.42%             XLB -14.27%             XLK -28.43%

XLRE -28.72%    XLY -36.82%             XLC -38.22%

DXY +8.18%       TLT -32.82%             TNX +156.55%          /CL +6.71%  

CVX +52.95%     MRK +44.77%          TRV +19.86%            AMGN +16.74%

CAT +15.88%     INTC -48.68%           CRM -47.83%            DIS -43.91%

OXY +117.28%   FTI +105.91%           HES +91.57%           MPC +81.89%

PDD +39.88%     VRTX +31.5%          TMUS +20.71%         ORLY +19.51%

LCID -82.05%     OKTA -69.52%          ALGN -67.91%          TEAM -66.25%

 

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

SPY down 1.01 at 382.43, on 84.0 million shares, above average volume, down slightly on higher volume.

VIX up .23 at 21.67

QQQ down .16 at 266.28

INTC, BA, JPM, CVX led the DJIA, 11 advancers, -17

TTWO, LVS, APA, HST led the SPX, 133 advancers

LCID, NFLX, BKR, LULU, TSLA led the NDX, 41 advancers

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

Up:

Down:  QQQ, DIA, SPY, IWM,

Two of eleven sectors were higher on Friday, led by XLE, XLC and XLK.

Advancers weakened on Friday as decliners led 1,711 to 1,402 on the NYSE and led 2,368 to 2,256 on the NASDAQ.

The SPY MFC green line turned up at 18.4 and is short-term bullish.  SPY opened lower and closed higher than it opened from a late rally but closed lower for the day.

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

Neutral sectors:  XLRE, XLK, XLC,

Down trend sectors:  XLY,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

41 of 100 NDX stocks closed higher on Friday

17 NDX stock are above their 30 DMA:   KHC, ROST, AZN, XEL, AVGO, ATVI, EXC, OKTA, WDAY, ALGN, MNST, ORLY, ADBE, BKNG, BKR, META, SGEN,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 8

AEP, CTAS, FISV, HON, ISRG, JD, MDLZ, PDD,

Add Comments here:

SPX Bounce above the High of the Low Day...TSLA Leads NDX...Communication Services, Technology, Consumer Discretionary Lead all Sectors Higher...

© 2022

 

The SPX +66.06 opened higher, recovered all of Wednesday’s selloff plus 20 points and closed > the HOLD.

QQQ, IWM and SPY closed above Wednesday’s high. 

VIX moved lower.

XLC, XLK, XLY which is about 43% of SPX sector weighting led all sectors.

TSLA closed higher and led the NDX on a countertrend bounce for a second day in a row.

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

SPY up 6.78 at 383.44, on 66.9 million shares, below average volume, up on lower volume.

VIX down .70 at 21.44

QQQ up 3.48 at 266.44

DIS, CRM, AAPL, MSFT led the DJIA, 28 advancers, +27

SIVB, VFC, MHK, CTLT led the SPX, 477 advancers

TSLA, WBD, DDOG, ILMN led the NDX, 97 advancers

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

Up:  IWM, QQQ, SPY, DIA,

Down:

All eleven sectors were higher on Thursday, led by XLC, XLK and XLY.

Advancers strengthened on Thursday as advancers led 2,627 to 524 on the NYSE and led 3,733 to 859 on the NASDAQ.

The SPY MFC green line pointed down at 18 and is short-term bearish.  SPY opened higher and closed higher.

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

Neutral sectors:  XLRE, XLK, XLC,

Down trend sectors:  XLY,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

97 of 100 NDX stocks closed higher on Thursday

26 NDX stock are above their 30 DMA:   KHC, ROST, AZN, XEL, AVGO, PDD, ATVI, EXC, OKTA, WDAY, ALGN, AEP, MDLZ, PDD, MNST, ORLY, ADBE, BKNG, BKR, CTAS, FISV, HON, ISRG, JD, META, SGEN,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 10

ADBE, BKNG, BKR, CTAS, FISV, HON, ISRG, JD, META, SGEN,

Moving Below 30 DMA = 0

Add Comments here:

SPX Lower as VIX, DXY Rise...Technology, Energy Lead All Sectors Close Lower...

© 2022

The SPX -46.03 opened flat and closed lower on Wednesday.

DIA, SPY, QQQ and IWM closed below Tuesday’s low. 

VIX moved higher.

TSLA closed higher on a countertrend bounce after closing lower for seven straight days.

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

SPY down 4.74 at 376.66, on 70.9 million shares, below average volume, down on higher volume.

VIX up .49 at 22.14

QQQ down 3.48 at 260.10

JPM led the DJIA, 1 advancer, -19

GNRC, DRI, BAC, C led the SPX, 25 advancers

TSLA, LCID, ILMN, OKTA led the NDX, 9 advancers

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

Up:

Down:  DIA, SPY, QQQ, IWM,

All eleven sectors were lower on Wednesday, the weakest were XLRE, XLK and XLE.

Advancers weakened on Wednesday as decliners led 2,451 to 718 on the NYSE and led 3,107 to 1,499 on the NASDAQ.

The SPY MFC green line pointed down at 20 and is short-term bearish.  SPY opened flat and closed lower.

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

Neutral sectors:  XLK, 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: Up

3-day Short Term Market Trend: Down a little

9 of 100 NDX stocks closed higher on Wednesday

16 NDX stock are above their 30 DMA:   KHC, ROST, AZN, XEL, AVGO, PDD, ATVI, EXC, OKTA, WDAY, ALGN, AEP, MDLZ, PDD, MNST, ORLY,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 7

BKNG, BKR, CTAS, HON, JD, META, PEP

Add Comments here:

SPX Closes Lower on Light Holiday Trading Volume...Stocks, Sectors End Mixed, Bonds Fall...Energy, Utilities, Consumer Staples Lead Sectors...

 

© 2022

 

The SPX -15.57 traded in a range and closed lower on Tuesday.
DIA closed higher for a second day while SPY, QQQ and IWM closed lower. 
VIX moved higher.
SPY, DIA, QQQ and IWM volume was lower, as expected, on this holiday shortened week.

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

SPY down 1.51 at 381.40, on 51.6 million shares, below average volume, down on lower volume.

VIX up .78 at 21.65

QQQ down 3.78 at 263.58

VZ, CAT, CVX, NKE led the DJIA, 20 advancers, -5

WYNN, VFC, LVS, STX led the SPX, 312 advancers

JD, PDD, BKNG, ORLY led the NDX, 29 advancers

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

Up:  DIA,

Down:  SPY, IWM, QQQ,

Five of eleven sectors were higher on Tuesday, led by XLE, XLU and XLP.

Advancers weakened on Tuesday as decliners led 1,767 to 1,405 on the NYSE and led 3,098 to 1,578 on the NASDAQ.

The SPY MFC green line pointed down at 22.7 and is short-term bearish.  SPY opened flat and closed slightly 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: Up

3-day Short Term Market Trend: Down a little

29 of 100 NDX stocks closed higher on Tuesday

23 NDX stock are above their 30 DMA:   KHC, ROST, AZN, XEL, AVGO, PDD, ATVI, JD, EXC, META, OKTA, WDAY, ALGN, AEP, CTAS, MDLZ, PDD, BKR, MNST, BKNG, HON, ORLY, PEP,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 4

BKNG, HON, ORLY, PEP,

Moving Below 30 DMA = 4

ADBE, CMCSA, MRNA, SGEN,

Add Comments here:

SPX Closed Higher on Friday...Markets Closed Monday, Christmas Holiday Observance...

© 2022

Have a peaceful and joyful Christmas Holiday three-day weekend!

 - The SPX +22.43 bounced on Friday, after Thursday’s reversal of Wednesday’s bounce, and closed just below the high of the low day (Thursday).

 - DIA close above the high of Thursday’s long-tailed hammer and SPY and IWM closed just below Thursday’s high. 

 - VIX moved lower.

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

SPY up 2.19 at 382.91, on 59.8 million shares, below average volume, up on lower volume.

VIX down 1.10 at 20.87

QQQ up .60 at 267.36

VZ, NKE, PG, MRK led the DJIA, 25 advancers, +21

FDX, VFC, KR, VNO led the SPX, 417 advancers

WBD, VRTX, CHTR, KHC led the NDX, 61 advancers

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

Up:  SPY, DIA, IWM, QQQ,

Down:

All eleven sectors were higher on Friday, led by XLE, XLU and XLC.

Advancers strengthened on Friday as advancers led 2,086 to 1,023 on the NYSE and led 2,384 to 2,168 on the NASDAQ.

The SPY MFC green line pointed down at 23.9 and is short-term bearish.  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: Sideways

61 of 100 NDX stocks closed higher on Friday

23 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, BKR, CMCSA, MNST,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

BKR, CMCSA, MNST,

Moving Below 30 DMA = 0

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