Friday, January 14, 2022

SPX, NDX, RUT Open Lower. Close Higher, Energy, Technology Lead Sectors, Q4 EPS Seasons Kicks Off...Markets Closed Monday...


© 2022
 

SPX, NDX and RUT opened lower after a lower-than-expected December Retail Sales report Friday morning.  After trading in a lower trading range for most of the day, a last hour rally pushed SPX, NDX and RUT to a higher close.  VIX opened higher and was positive for most of Friday, declined in the last hour and closed lower heading into the 3-day MLK, Jr. Holiday weekend.  The DJI opened lower and closed lower.


Markets are closed on Monday.
 

SPX closed at 4,6629 +3.82.
NDX closed at 15,611, +118.98.
 
 
Earnings season began Friday with EPS reports from JPM, C, WFC, BLK, and FRC.
Q4 Earnings Reports:
Positive reactions: WFC,
Negative reactions: C, BLK, FRC, JPM
 
 
SPY up.19 at 464.72, on 95.8 million shares, above average volume, up on higher volume.   
VIX down 1.12 at 19.19
QQQ up 2.35, +0.62% at 380.01
 
AMGN, MSFT, CVX, INTC led the DJIA, 15 advancers, -2
LVS, WYNN, HFC, DISCA led the SPX, 211 advancers.
LRCX, AMAT, KLAC, MRVL led the NDX, 53 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:  QQQ, IWM, SPY,
Down:  DIA,
 
Four of eleven sectors were higher on Friday, led by XLE, XLK and XLC.
 
Energy leaders: HFC, MRO, SLB, BKR
Technology leaders: LRCX, AMAT, KLAC, TER
Communication Services leaders: DISCA, GCI, FOXA, ATVI
 
Advancers strengthened on Friday as decliners led 1,996 to 1,350 on the NYSE and led 2,509 to 2,117 on the NASDAQ.
 
The SPY MFC green line is pointed down for a second day at 58.5 and is defensive.  SPY opened lower near support and rallied to a slightly higher close. 
 
 
Uptrend sectorsXLE, 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 down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendDown a little
 
53 of 100 NDX stocks closed higher on Friday.
 
39 NDX stocks are above their 30 DMA:  MU, VRTX, CSCO, XEL, PEP, AEP, AMGN, CTSH, WBA, CERN, MDLZ, INCY, KDP, CHKP, ATVI, BKNG, EXC, FISV, INTC, KLAC, MAR, KHC, PCAR, CMCSA, HON, BIDU, LCID, GILD, SPLK, EA, ILMN, NTES, QCOM, AMAT, BIIB, JD, LRCX, PDD, TSLA,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 4
JD, LRCX, PDD, TSLA,
 
Moving Below 30 DMA = 4
CSX, MNST, ORLY, SIRI,
 
  
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1 comment:

Ben W. said...

Thank you, Dave. Looks like theres a shaky start to the shortened holiday week in looking at the futures this am.