Friday, February 11, 2022

NDX, SPX, DJI Flat Open, Lower Close as Ukrainian Invasions Fears Grow on Friday...

 
 
© 2022
 
 
SPX, NDX, DJI and RUT opened flat, traded in a range.  During the afternoon stocks began to break support after the WH indicated that there were signs of a Russian escalation at the Ukrainian border and that an invasion could take place within days.
 
 
 
Earnings Reports:
Positive reactions: ZG, NWL, HUBS, MAT, SONO, DIS, MGM, TWLO OMC, ENPH, CMG, PAYC, DD, TSN, AMZN, SNAP, PINS, NLOK, FTNT, AON, CBOE, BMY, TMUS, BDX, RL, HSY, GOOGL, AMD, ODFL, MTCH, HUM, HWM, ABBV, DHI, XOM, CTLT, NXPI, PHM, OTIS, V, CHTR, WY, CHD, NOW, BLL, STX, PKG, DOW, NUE, URI, AMP, MA, TSCO, RJF, GLW, MSFT, TXN, ZION, AXP, JNJ, RTX, LMT, PCAR, HAL, TRV, BKR, AA, UNP, PG, MS, WFC,
Neutral reactions: REGN, CAH, CMI, ICE, SWK, BEN, ARE, TT, CL, LYB, VLO, VRTX, CMCSA, MCD, GD, APH, MMM, IVZ, ADM, VZ, INFO, KMI, BAC, UNH, JBHT, PLD, FAST, TFC
Negative reactions: UAA, NET, MHK, DXCM, EXPE, AFRM, UBER, MGM, CVS, CDW, FISV, SPG, ZBH, CLX, F, APD, RCL, ETN, FB, XYL, QRVO, SHOP, FTV, HON, LNC, CI, EL, MRK, LLY, COP, BIIB, PYPL, SBUX, BR, LHX, SYF, VFC, CVX, CAT, PSX, TER, TSLA, INTC, LRCX, WHR, LVS, XLNX, CCI, FFIV, BA, FCX, COF, ABT, ADP, ANTM, HES, KMB, MKTX NDAQ NSC, PGR ROL, T, TEL, NFLX, SIVB, HBAN, ISRG, PBCT, CSX, PPG, SLB, RF, MTB, NTRS, FITB, KEY, AAL, DFS, UAL, USB, STT, CFG, CMA, BK, GS, PNC, SBNY, SCHW, TFC, C, BLK, FRC, JPM
 
 
SPY down 8.86 at 440.46, on 153.2 million shares, above average volume, down on higher volume.
VIX up 3.45 at 27.36
QQQ down 11.37 at 347.03
 
 
CVX, VZ, DOW, MRK led the DJIA, 4 advancers, -0
NWL, HFC, BKR OXY led the SPX, 98 advancers.
REGN, ORLY, KHC, VRSN led the NDX, 11 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:   
Down: IWM, DIA, SPY, QQQ,
 
Two of eleven sectors were higher on Friday, led by XLE, XLU and XLP.
 
Energy leaders: HFC, BKR, OXY, CTRA
Utilities leaders: SO, D, CMS, NI
Consumer Staples leaders: PM, KR, SJM, CPB
 
Advancers were mixed on Friday as decliners led 2,398 to 967 on the NYSE and led 3,378 to 1,342 on the NASDAQ.
 
The SPY MFC green line is turned down at 47.8 and is short-term bearish.  SPY closed below its Feb 4 short-term support. 
 
 
Uptrend sectorsXLE, XLP, XLU,
Neutral sectors: XLF, XLI, XLB, XLRE, XLV, XLK,
Down trend sectors: XLY, XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is sideways.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market TrendDown
 
11 of 100 NDX stocks closed higher on Friday.
 
27 NDX stocks are above their 30 DMA:  VRTX, CERN, KDP, ATVI, EXC, BKNG, INCY, BIDU, FISV, JD, SIRI, EA, TMUS, DDOG, MAR, CHTR, CTSH, DLTR, ABNB, FTNT, PDD, ZS, CRWD, REGN, TEAM, MU, ORLY, 
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 1
ORLY,
 
Moving Below 30 DMA = 10
AAPL, ALGN, AMGN, AMZN, COST, GOOGL, MELI, NTES, PANW, XLNX,
 
 
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1 comment:

Ben W. said...

I hope you had a nice weekend, Dave. It’s very helpful when you list the Positive/Neutral/Negative EPS reactions. Also… thank you for describing the price action where you list the MFC Green line reading….. gives a more complete picture of the days market conditions, especially on days like Friday where the /ES broke short term support.