© 2022
The DJI made a new all-time closing
high on Tuesday while the SPX made an all-time intraday high.
SPX closed at 4,793 -3.02.
NDX closed at 16,279, -222.04.
SPY down 0.16 at 477.55, on 71.1 million shares, below average volume, down on similar volume.
VIX up .31 at 16.91
QQQ down 5.21, -1.30% at 401.68.
CAT, JPM, AXP, GS led the DJIA, 20 advancers, -2
F, GM, OXY CTRA led the SPX, 331 advancers.
PCAR, MAR, KHC, CTSH led the NDX, 28 advancers.
The two-year trend term is up. The one-year trend is up.
Up: DIA,
Down: SPY, IWM, QQQ,
Five
of eleven
sectors were higher on Tuesday, led by XLE,
XLF and XLI.
Energy leaders: OXY, CTRA, FANG, HAL
Financial leaders: KEY, SCHW, AMP, CFG
Industrials leaders: DE,
CAT, URI, PCAR
Advancers weakened on Tuesday as advancers led 1,718 to 1,62 on the NYSE and decliners led 2,717 to 1,844
on the NASDAQ.
The SPY MFC green line
is pointed down at 92.1 and is counter-trend defensive. SPY
made an all-time intraday high on Tuesday.
Uptrend sectors: XLV, 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 Trend: Sideways
28 of 100 NDX stocks
closed higher on Tuesday.
53 NDX stocks are above their 30 DMA: DLTR, AVGO, AAPL, COST,
LRCX, MU, GILD, VRTX, CSCO, ORLY, XEL, MRVL, PEP, AEP, AMGN, CTSH, WBA,
CERN, MNST, MDLZ, INCY, KDP, PAYX, VRSN, CHKP, AMAT, ATVI, BKNG, CSX, EA, EXC,
FISV, INTC, ISRG, KLAC, MAR, MCHP, NXPI, QCOM, ADP, FB, KHC, TSLA, ADSK, MELI,
PCAR, ROST, SBUX, CMCSA, BIIB, BIDU, MTCH, PYPL, SWKS, FAST, HON,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 2
FAST, HON,
Moving Below 30 DMA = 14
ALGN, AMD, ABNB, ASML, CDNS, IDXX,
ILMN, MSFT, PANW, SGEN, SIRI, SNPS, SPLK, XLNX,
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1 comment:
Happy New Year Dave
Cheers
Michael
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