© 2022
SPX, NDX, DJI and RUT opened higher after the CPI reported
at 7.0% YoY in line with consensus.
After 45 minutes of trading the indexes pulled back and traded in a
range for the rest of the day. NDX,
SPX, DJI closed higher, and RUT closed lower.
SPX closed at 4,726 + 13.28.
NDX closed at 15,905, + 60.97.
SPY up 1.27 at 471.02, on 67.6 million shares, below average volume, up on lower volume.
VIX down .79 at 17.62
QQQ up 1.53, +0.40% at 387.35
CRM, NKE, CAT, MSFT led the DJIA, 16 advancers, -3
SWN, CTRA, TTWO, FCX led the SPX, 288 advancers.
AMAT, TSLA, MELI, OKTA led the NDX, 50 advancers.
The two-year trend term is up. The one-year trend is up.
Up: QQQ, SPY, DIA
Down: IWM,
Ten of
eleven
sectors were higher on Wednesday, led by XLB,
XLY and XLK.
Basic Materials leaders: FCX, MOS, NUE, FMC
Consumer Discretionary leaders: TSLA, AZO, AAP, POOL
Technology leaders: AMAT,
EPAM, LRCX, KLAC
Advancers weakened on Wednesday as advancers led 1,693 to 1,593 on the NYSE
and decliners led 2,705 to 1,876 on the NASDAQ.
The SPY MFC green line
is turned up at 61.6 and is bullish. SPY bounced above the high of the
long-tail hammer low day in a bull flag pattern.
Uptrend sectors: XLE, XLF, XLP, XLU, XLI, XLB, XLRE, XLV,
XLK, XLY,
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: Up
50 of 100 NDX stocks
closed higher on Wednesday.
45 NDX stocks are above their 30 DMA: MU, VRTX, CSCO, XEL,
PEP, AEP, AMGN, CTSH, WBA, CERN, MNST, MDLZ, INCY, KDP, CHKP, ATVI,
BKNG, EXC, FISV, INTC, KLAC, MAR, KHC, PCAR, CMCSA, HON, BIDU, LCID, GILD,
SPLK, TSLA, AAPL, EA, FB, ILMN, JD, NTES, NXPI, ORLY, PAYX, PDD, QCOM, SIRI,
SWKS, ABNB, AMAT, CSX, MELI,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 4
ABNB, AMAT, CSX, MELI,
Moving Below 30 DMA = 4
BIIB, EBAY, MRVL, PYPL,
Add Comments
here:
No comments:
Post a Comment