SPX, NDX, DJI Close Lower Heading into the 3-day President's Day Holiday...

 
 
© 2022
 
 
SPX, NDX, and DJI fell Friday as Russia / Ukraine tensions continued to increase.
 
 
SPY down 2.83 at 434.23, on 132.6 million shares, above average volume, down on higher volume.
VIX down .36 at 27.75
QQQ down 3.94 at 341.51
 
 
CSCO, KDO, JPM, VZ led the DJIA, 8 advancers, +3
AMD, TXN, NFLX, MCHP led the SPX, 173 advancers.
DLTR, ROST, KHC, KDP led the NDX, 20 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down:  DIA, SPY, IWM, QQQ,
 
One of eleven sectors was higher on Friday, led by XLP, XLF and XLB
 
Consumer Staples leaders: CLX, K, CHD, KHC
Financial leaders: ALL, PGR, WTW, L  
Basic Materials leaders: SEE, NUE, LIN, IP
 
Advancers strengthened on Friday as decliners led 2,049 to 1,259 on the NYSE and led 3,129 to 1,508 on the NASDAQ.
 
The SPY MFC green line is turned down at 34.2 and is short-term bearish.  SPY closed below Monday’s low. 
 
 
Uptrend sectors:  XLE, XLP, XLF,
Neutral sectors: XLU, XLI, XLB, XLRE, XLV, XLK, XLY,
Down trend sectors: XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Down
 
20 of 100 NDX stocks closed higher on Friday.
 
16 NDX stocks are above their 30 DMA:   ATVI, EXC, BKNG, BIDU, TMUS, DDOG, MAR, CHTR, DLTR, ABNB, MU, COST, ORLY, KHC, CSCO,  KDP,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
CSCO, CTSH, KDP,
 
Moving Below 30 DMA = 7
AMZN, CSX, FTNT, JD, PDD, REGN, ZS,
 
 
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