NDX, SPX, DJI Strong Rally Day Two...ENPH, SEDG Lead SPX as PDD, NFLX, TSLA Lead NDX...Discretionary, Technology Lead Sectors...

 
© 2022
 

SPX, DJI, and NDX opened flat to slightly higher and trended up on Monday.
 
 
Earnings season:
Tuesday EPS reports from BEN, BR, CTLT PHM SWK, TECH, UPS, XOM BMO and AMD, CB, EA GILD, GM GOOG, GOOGL, MTCH PYPL, SBUX AMC.
 
Earnings Reports:
Positive reactions: OTIS, V, CHTR, WY, CHD, NOW, BLL, STX, PKG, DOW, NUE, URI, AMP, MA, TSCO, RJF, GLW, MSFT, TXN, ZION, AXP, JNJ, RTX, LMT, PCAR, HAL, TRV, BKR, AA, UNP, PG, MS, WFC,
Neutral reactions: TT, CL, LYB, VLO, VRTX, CMCSA, MCD, GD, APH, MMM, IVZ, ADM, VZ, INFO, KMI, BAC, UNH, JBHT, PLD, FAST, TFC
Negative reactions: LHX, SYF, VFC, CVX, CAT, PSX, TER, TSLA, INTC, LRCX, WHR, LVS, XLNX, CCI, FFIV, BA, FCX, COF, ABT, ADP, ANTM, HES, KMB, MKTX NDAQ NSC, PGR ROL, T, TEL, NFLX, SIVB, HBAN, ISRG, PBCT, CSX, PPG, SLB, RF, MTB, NTRS, FITB, KEY, AAL, DFS, UAL, USB, STT, CFG, CMA, BK, GS, PNC, SBNY, SCHW, TFC, C, BLK, FRC, JPM
 
 
SPY up 7.96 at 449.91, on 152.2 million shares, above average volume, up on lower volume.
VIX down 2.83 at 24.83
QQQ up 11.25, +3.20% at 363.05
 
BA, CRM, DIS, AAPL led the DJIA, 23 advancers, -2
ENPH, SEDG, XLNX, AMD led the SPX, 421 advancers.
PDD, NFLX, TSLA, BIDU led the NDX, 90 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:  QQQ, IWM, SPY, DIA,
Down: 
 
All eleven sectors were higher on Monday, led by XLY, XLK and XLC.
 
Consumer Discretionary leaders: TSLA, ETSY, NCLH, CMG
Technology leaders: ENPH, SEDG, XLNX, AMD
Communication Services leaders: NFLX, TWTR, LYV, FB
 
Advancers strengthened on Monday as advancers led 2,751 to 628 on the NYSE and led 3,988 to 817 on the NASDAQ.
 
The SPY MFC green line is pointed up at 29.4 and is bullish.  SPY opened higher, trended up to close 1.80% higher on Monday. 
 
 
Uptrend sectors:  XLE, XLP, XLU,
Neutral sectors: XLF, XLI, XLB, XLRE, XLV, XLK,
Down trend sectors: XLY, XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Up
 
90 of 100 NDX stocks closed higher on Monday.
 
22 NDX stocks are above their 30 DMA:  VRTX, AEP, CERN, KDP, ATVI, PCAR, EXC, XEL, AMGN, BKNG, INCY, PEP, AAPL, BIDU, EA, FISV, JD, MDLZ, NTES, PDD, SIRI, SPLK,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 10
AAPL, BIDU, EA, FISV, JD, MDLZ, NTES, PDD, SIRI, SPLK,
 
 
Moving Below 30 DMA = 1
REGN,
 
 
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NDX, SPX, DJI Close Higher after Late Explosive Rally...V, AAPL Positive EPS Reactions Lead SPX, DJI...Technology +4.37% Leads Sectors...

  
© 2022
 

SPX, DJI, and NDX gapped higher on the open, traded in a range until 2:30 pm ET, and rallied (SPX more than 90 points) in the last 90 minutes to close (NDX +3.22%, SPX +2.43%) higher on Friday.
 
 
Earnings season:
Monday EPS reports from LHX, OTIS, TT BMO and ARE, NXPI AMC.
 
Earnings Reports:
Positive reactions:  V, CHTR, WY, CHD, NOW, BLL, STX, PKG, DOW, NUE, URI, AMP, MA, TSCO, RJF, GLW, MSFT, TXN, ZION, AXP, JNJ, RTX, LMT, PCAR, HAL, TRV, BKR, AA, UNP, PG, MS, WFC,
Neutral reactions: CL, LYB, VLO, VRTX, CMCSA, MCD, GD, APH, MMM, IVZ, ADM, VZ, INFO, KMI, BAC, UNH, JBHT, PLD, FAST, TFC
Negative reactions: SYF, VFC, CVX, CAT, PSX, TER, TSLA, INTC, LRCX, WHR, LVS, XLNX, CCI, FFIV, BA, FCX, COF, ABT, ADP, ANTM, HES, KMB, MKTX NDAQ NSC, PGR ROL, T, TEL, NFLX, SIVB, HBAN, ISRG, PBCT, CSX, PPG, SLB, RF, MTB, NTRS, FITB, KEY, AAL, DFS, UAL, USB, STT, CFG, CMA, BK, GS, PNC, SBNY, SCHW, TFC, C, BLK, FRC, JPM
 
 
SPY up 10.71 at 441.95, on 164.4 million shares, above average volume, up on higher volume.
VIX down 2.83 at 27.66
QQQ up 10.70, +3.14% at 351.80
 
V, AAPL, CRM, VZ led the DJIA, 25 advancers, +8
MA, DISCA, FIS, JNPR led the SPX, 436 advancers.
TEAM, DXCM, MRNA, ZS led the NDX, 95 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:  QQQ, SPY, IWM, DIA,
Down: 
 
Ten of eleven sectors were higher on Friday, led by XLK, XLRE and XLC.
 
Technology leaders: V, MA, FIS, AAPL
Real Estate leaders: CCI, WY, MAA, PLD
Communication Services leaders: DISCA, CHTR, VIAC, FOXA
 
Advancers strengthened on Friday as advancers led 2,270 to 1,134 on the NYSE and led 3,153 to 1,628 on the NASDAQ.
 
The SPY MFC green line is pointed up for the third straight day at 26 and is bullish.  SPY opened higher, traded in a range until 2:30 pm ET, rallied more than $9 (90 SPX points) in the last 90 minutes to close 2.48% higher on Friday. 
 
 
Uptrend sectors:  XLE, XLP, XLU,
Neutral sectors: XLF, XLI, XLB, XLRE, XLV, XLK,
Down trend sectors: XLY, XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Up a little
 
95 of 100 NDX stocks closed higher on Friday.
 
13 NDX stocks are above their 30 DMA:  VRTX, AEP, CERN, KDP, ATVI, PCAR, EXC, XEL, AMGN, BKNG, INCY, PEP, REGN,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
AMGN, BKNG, INCY, PEP, REGN,
 
 
Moving Below 30 DMA = 1
MDLZ,
 
 
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SPX, NDX, DJI Open Higher, Close Lower...Energy, Utilities Lead Sectors...NOW, BLL, STX Lead SPX...AAPL, V Rise in After-hours...

 
© 2022

 
SPX, DJI, and NDX gapped higher on the open, traded in a range until noon ET, moved lower in the afternoon and closed lower.
 
After-hours: WDC, KLAC, MDLZ down, V, AAPL, up.
 
 
Earnings season: Friday EPS reports from CAT, CHD, CHTR, CL, CVX, LYB, PSX, SYF, VFC, WY BMO.
Earnings Reports:
Positive reactions:  NOW, BLL, STX, PKG, DOW, NUE, URI, AMP, MA, TSCO, RJF, GLW, MSFT, TXN, ZION, AXP, JNJ, RTX, LMT, PCAR, HAL, TRV, BKR, AA, UNP, PG, MS, WFC,
Neutral reactions: VLO, VRTX, CMCSA, MCD, GD, APH, MMM, IVZ, ADM, VZ, INFO, KMI, BAC, UNH, JBHT, PLD, FAST, TFC
Negative reactions: TER, TSLA, INTC, LRCX, WHR, LVS, XLNX, CCI, FFIV, BA, FCX, COF, ABT, ADP, ANTM, HES, KMB, MKTX NDAQ NSC, PGR ROL, T, TEL, NFLX, SIVB, HBAN, ISRG, PBCT, CSX, PPG, SLB, RF, MTB, NTRS, FITB, KEY, AAL, DFS, UAL, USB, STT, CFG, CMA, BK, GS, PNC, SBNY, SCHW, TFC, C, BLK, FRC, JPM
 
 
SPY down 2.14 at 431.24, on 149.8 million shares, above average volume, down on lower volume.
VIX down 1.47 at 30.49
QQQ down 3.47, -1.01% at 341.10
 
DOW, CVX, MRK, DIS led the DJIA, 17 advancers, +7
NOW, BLL, STX, PKG led the SPX, 151 advancers.
NFLX, SIRI, XEL, INTU led the NDX, 32 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:  DIA,
Down:  SPY, QQQ, IWM,
 
Six of eleven sectors were higher on Thursday, led by XLE, XLU and XLP.
 
Energy leaders: CTRA, COP, HES, EOG
Utilities leaders: NI, ETR, XEL, ED 
Consumer Staples leaders: MKC, ADM, KR, KMB
 
Advancers weakened on Thursday as decliners led 2,477 to 947 on the NYSE and led 3,880 to 1,006 on the NASDAQ.
 
The SPY MFC green line turned up at 18.8 and is bullish.  SPY opened higher, traded in a range until noon ET, moved lower in the afternoon and closed lower. 
 
 
Uptrend sectors:  XLE, XLP, XLU,
Neutral sectors: XLF, XLI, XLB, XLRE, XLV, XLK,
Down trend sectors: XLY, XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Down
 
32 of 100 NDX stocks closed higher on Thursday.
 
9 NDX stocks are above their 30 DMA:  VRTX, AEP, CERN, MDLZ, KDP, ATVI, PCAR, EXC, XEL,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
EXC, XEL,
 
Moving Below 30 DMA = 3
BKNG, INCY, JD,
 
 
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SPX, NDX, DJI Open Higher, Reverse Gains during FOMC Press Conference, Close Lower...GLW Leads SPX...

 
 
© 2022
 
SPX, DJI, and NDX gapped higher on the open, reversed during the FOMC press conference and closed lower.
 
After-hours: LRCX, TER fall, NOW, URI, STX, rise.
 
 
Earnings season: Thursday EPS reports from CMCSA, DOW, MA, MCD, NUE, TSCO, VLO, XEL BMO and AAPL, KLAC, MDLZ, V, WDC AMC.
Earnings Reports:
Positive reactions: GLW, MSFT, TXN, ZION, AXP, JNJ, RTX, LMT, PCAR, HAL, TRV, BKR, AA, UNP, PG, MS, WFC,
Neutral reactions: GD, APH, MMM, IVZ, ADM, VZ, INFO, KMI, BAC, UNH, JBHT, PLD, FAST, TFC
Negative reactions: FFIV, BA, FCX, COF, ABT, ADP, ANTM, HES, KMB, MKTX NDAQ NSC, PGR ROL, T, TEL, NFLX, SIVB, HBAN, ISRG, PBCT, CSX, PPG, SLB, RF, MTB, NTRS, FITB, KEY, AAL, DFS, UAL, USB, STT, CFG, CMA, BK, GS, PNC, SBNY, SCHW, TFC, C, BLK, FRC, JPM
 
 
SPY down 1.09 at 433.38, on 186.3 million shares, above average volume, down on higher volume.   
VIX up .80 at 31.96
QQQ down .54, -0.16% at 344.57
 
MSFT, V, INTC, AXP led the DJIA, 10 advancers, +1
GLW, ADM, TER, SLB led the SPX, 151 advancers.
AVGO, KLAC, ADI, MCHP led the NDX, 32 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: 
Down:  QQQ, SPY, DIA, IWM,
 
Two of eleven sectors were higher on Wednesday, led by XLK and XLF.
 
Technology leaders: GLW, AVGO, TER, MSFT
Financial leaders: LNC, MTB, RJF, SCHW 
 
 
Advancers weakened on Wednesday as decliners led 2,323 to 1,085 on the NYSE and led 3,199 to 1,614 on the NASDAQ.
 
The SPY MFC green line turned up at 16.6 and is bullish.  SPY opened higher, reversed during the FOMC press conference and closed lower. 
 
 
Uptrend sectors:  XLE, XLP, XLU,
Neutral sectors: XLF, XLI, XLB, XLRE, XLV, XLK, XLY,
Down trend sectors: XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
 
32 of 100 NDX stocks closed higher on Wednesday.
 
10 NDX stocks are above their 30 DMA:  VRTX, AEP, CERN, MDLZ, INCY, KDP, ATVI, PCAR, JD, BKNG,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
BKNG,
 
Moving Below 30 DMA = 4
BIDU, CHKP, SPLK, PDD,
 
 
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SPX, NDX, DJI, RUT Lower Open, Lower Close above Monday's Support...AXP, ZION, IBM Rise on EPS...After-hours MSFT, TXN, COF Rise...

 
© 2022
 

SPX, DJI, NDX and RUT gapped lower on the open and traded in a range well above Monday’s support low.  SPX, NDX, DJI and RUT formed spinning tops.  Monday still has the characteristics of a capitulation bottom.
 
Wednesday FOMC announcement 2 pm ET, press conference 2:30 pm ET.
 
After-hours: MSFT, TXN, COF rise.

SPX closed at 4,356, -53.68.
NDX closed at 14,149, -360.46.
 
 
AXP +14.18, +8.92% gapped up on a positive earnings reaction and led the DJI.
ZION +3.71, +5.91% gapped up on a positive earnings reaction.
IBM +7.28, +5.65% rose on a positive earnings reaction.
 
Earnings season Wednesday EPS reports from ABT, ADP, ANTM APH, BA, FCX, GD, GLW HES, KMB, MKTX NDAQ NSC, PGR ROL, T, TEL BMO and AMP, CCI DRE, EW, INTC, LRCX, LVS, NOW, PKG, PTC, RJF, STX, TER, TSLA, URI, VRTX, WHR, XLNX AMC.
Earnings Reports:
Positive reactions: AXP, JNJ, RTX, LMT, PCAR, HAL, TRV, BKR, AA, UNP, PG, MS, WFC,
Neutral reactions: MMM, IVZ, ADM, VZ, INFO, KMI, BAC, UNH, JBHT, PLD, FAST, TFC
Negative reactions: NFLX, SIVB, HBAN, ISRG, PBCT, CSX, PPG, SLB, RF, MTB, NTRS, FITB, KEY, AAL, DFS, UAL, USB, STT, CFG, CMA, BK, GS, PNC, SBNY, SCHW, TFC, C, BLK, FRC, JPM
 
 
SPY down 5.37 at 434.47, on 167.9 million shares, above average volume, down on lower volume.   
VIX up 1.26 at 31.16
QQQ down 8.19, -2.31% at 345.11
 
AXP, IBM, CVX, JNJ led the DJIA, 9 advancers, -4
APA, OXY, HAL, MRO led the SPX, 121 advancers.
NTES, PCAR, BIDU, MAR led the NDX, 8 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: 
Down:  DIA, SPY, IWM, QQQ,
 
Two of eleven sectors were higher on Tuesday, led by XLE, XLF and XLRE.
 
Energy leaders: APA, OXY, HAL, MRO
Financial leaders: AXP, ZION, DFS, SYF 
Real Estate leaders: FRT, PEAK, AMT, O
 
Advancers weakened on Tuesday as decliners led 1,984 to 1,429 on the NYSE and led 2,888 to 1,882 on the NASDAQ.
 
The SPY MFC green line is pointed down at 12.7 and is short-term bearish.  SPY opened lower, closed lower, made a higher low than Monday’s and formed a spinning top. 
 
 
Uptrend sectors:  XLE, XLP, XLU,
Neutral sectors: XLF, XLI, XLB, XLRE, XLV, XLK, XLY,
Down trend sectors: XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
 
8 of 100 NDX stocks closed higher on Tuesday.
 
13 NDX stocks are above their 30 DMA:  VRTX, AEP, CERN, MDLZ, INCY, KDP, CHKP, ATVI, PCAR, BIDU, SPLK, JD, PDD,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 0
 
 
Moving Below 30 DMA = 7
AMGN, CMCSA, EA, EXC, KHC, PEP, WBA,
 
 
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