Thursday, January 6, 2022

RUT Leads as SPX, NDX, DJI Buying & Selling Come into Balance...Energy, Financial Lead Sectors...

 
 
© 2022
 
 
RUT rises as SPX, NDX and DJI finished slightly lower as buyers and sellers came into balance.
 
SPX closed at 4,696 -4.53.
NDX closed at 15,765, -6.42.
 
 
SPY down .44 at 467.94, on 86.5 million shares, average volume, down on lower volume.   
VIX down 0.12 at 19.61
QQQ down .27, -0.07% at 384.02
 
TRV, DIS, JPM, CSCO led the DJIA, 11 advancers, -2
SIVB, LW SBNY, CFG led the SPX, 277 advancers.
PDD, JD, PANW, PTON led the NDX, 58 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM,
Down:  QQQ, SPY, DIA,
 
Five of eleven sectors were higher on Thursday, led by XLB, XLE and XLI.
 
Energy leaders: HES, MRO, FANG, APA
Financial leaders: SIVB, SBNY, CFG, KEY
Industrial leaders: LHK, CARR, ROL, HII
 
Advancers strengthened on Thursday as advancers led 1,863 to 1,450 on the NYSE and decliners led 2,407 to 2,204 on the NASDAQ.
 
The SPY MFC green line is pointed down at 79.7 and is defensive.  SPY formed a bull flag pattern with a doji at the 50% Fib level and the 30 DMA. 
 
 
Uptrend sectorsXLP, XLU, XLE, XLI, XLB, XLF, XLV, XLK, XLRE, 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 TrendDown
 
58 of 100 NDX stocks closed higher on Thursday.
 
45 NDX stocks are above their 30 DMA:  DLTR, AVGO, COST, LRCX, MU, GILD, VRTX, CSCO, ORLY, XEL, MRVL, PEP, AEP, AMGN, CTSH, WBA, CERN, MNST, MDLZ, INCY, KDP, PAYX, CHKP, AMAT, ATVI, BKNG, CSX, EA, EXC, FISV, INTC, KLAC, MAR, QCOM, ADP, KHC, TSLA, PCAR, CMCSA, BIIB, SWKS, HON, BIDU, EBAY, FB, ILMN, NXPI, PYPL,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 6
BIDU, EBAY, FB, ILMN, NXPI, PYPL,
 
Moving Below 30 DMA = 1
AAPL,
 
 
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