Stocks Mover Lower after December Jobs Report is Lower than Expected...Breadth Weakens but VIX Closed Lower...Energy, Financial Leads Sectors...

 
 
© 2022
 
 
SPX, NDX, DJI and RUT open flat and close lower after the December Jobs Report is 199K new jobs versus 400K estimate.
 
SPX closed at 4,677 -19.02.
NDX closed at 15,592, -173.17.
 
 
SPY down 1.85 at 466.09, on 85.1 million shares, average volume, down on lower volume.   
VIX down 0.85 at 18.76
QQQ down 4.16, -1.08% at 379.86
 
WBA, TRV, HON, VZ led the DJIA, 20 advancers, +9
DISCA, VIAC, LUMN, CTRA led the SPX, 237 advancers.
LCID, PDD, PTON, ABNB led the NDX, 29 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: DIA, SPY, QQQ, IWM,
 
Five of eleven sectors were higher on Friday, led by XLB, XLE and XLU.
 
Energy leaders: CTRA, SLB, EOG, COP
Financial leaders: PGR, BEN, NTRS, MTB, ALL
Utilities leaders: ETR, AEP, PEG, SRE
 
Advancers weakened on Friday as advancers led 1,682 to 1,580 on the NYSE and decliners led 2,684 to 1,882 on the NASDAQ.
 
The SPY MFC green line is pointed down at 73.4 and is defensive.  SPY formed a bull flag pattern with a red spinning top at the 50% Fib level and the 30 DMA. 
 
 
Uptrend sectors:  XLP, 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 Trend: Down
 
29 of 100 NDX stocks closed higher on Friday.
 
33 NDX stocks are above their 30 DMA:  DLTR, MU, VRTX, CSCO, ORLY, XEL, PEP, AEP, AMGN, CTSH, WBA, CERN, MNST, MDLZ, INCY, KDP, PAYX, CHKP, ATVI, BKNG, CSX, EA, EXC, FISV, INTC, KLAC, MAR, ADP, KHC, PCAR, CMCSA, HON, BIDU, EBAY, FB, LCID,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 1
LCID,
 
Moving Below 30 DMA = 13
AMAT, AVGO, BIIB, COST, GILD, ILMN, LRCX, MRVL, NXPI, PYPL, QCOM, SWKS,
TSLA,
 
Add Comments here: