© 2022
SPX, DJI, NDX and RUT opened lower and closed lower on Tuesday
after pre-market sell-off in futures as the TNX rose to its highest level in
over two years. MSFT to buy ATVI.
SPX closed at 4,577 -85.74.
NDX closed at 15,210, -400.84.
Earnings season Tuesday EPS reports from MS, BK, PNC,
SBNY, SCHW, TFC BMO and JBHT AMC.
Q4 Earnings Reports:
Positive reactions: WFC,
Neutral reactions: TFC
Negative reactions: BK, GS, PNC, SBNY, SCHW, TFC, C, BLK, FRC, JPM
SPY down 8.23 at 456.49, on 109.8 million shares, above average volume, down on higher volume.
VIX up 3.60 at 22.79
QQQ down 9.46, -1.77% at 370.55
V, CAT, CVX, VZ led the DJIA, 7 advancers,
CTXS, XOM, OXY, LLY led the SPX, 56 advancers.
ATVI, EA, PDD, ZS led the NDX, 7 advancers.
The two-year trend term is up. The one-year trend is up.
Up:
Down: DIA, SPY, QQQ, IWM,
One of
eleven
sectors was higher on Tuesday, led by XLE,
XLRE and XLI.
Energy leaders: XOM, OXY, WMB, COP
Real Estate leaders: PLD, PEAK, DLR,
Industrials leaders: DE,
PNR, LMT, CHRW
Advancers weakened on Tuesday as decliners led 2,910 to 527 on the NYSE and
led 3,993 to 809 on the NASDAQ.
The SPY MFC green line
is pointed down at 52.7 and is defensive. SPY closed at last week’s support low.
Uptrend sectors: XLE, XLF, XLP, XLU, XLI, XLB, XLRE, XLV,
XLK,
Neutral sectors: 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
7 of 100 NDX stocks
closed higher on Tuesday.
29 NDX stocks are above their 30 DMA: MU, VRTX, XEL, PEP, AEP,
AMGN, CTSH, WBA, CERN, MDLZ, INCY, KDP, CHKP, ATVI, BKNG, EXC, FISV, INTC, KHC,
PCAR, CMCSA, HON, BIDU, SPLK, EA, ILMN, NTES, JD, PDD,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 10
AMAT, BIIB, CSCO, GILD,
KLAC, LCID, LRCX, MAR, QCOM, TSLA,
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