Thursday, February 17, 2022

SPX, NDX, DJI Fall as Geopolitical Fears Dominate as Breadth Weakens...

 
 
© 2022
 
 
SPX, NDX, and DJI fell Thursday as Russia / Ukraine tensions continued in focus.
 
 
SPY down 9.54 at 437.06, on 102.2 million shares, above average volume, down on higher volume.
VIX up 3.82 at 28.11
QQQ down 10.59 at 345.45
 
 
WMT, CSCO, KO, PG led the DJIA, 5 advancers, -8
NEM, SEE, MRO, LDOX led the SPX, 74 advancers.
KHC, CSCO, MDLZ, COST led the NDX, 7 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down:  DIA, SPY, IWM, QQQ,
 
Two of eleven sectors were higher on day, led by XLP, XLU and XLE.
 
Consumer Staples leaders: WMT, CLX, KHC, KO
Utilities leaders: DTE, AWK, ATO, ETR
Energy leaders: MRO, PXD, DVN, COP
 
Advancers weakened on Thursday as decliners led 2,497 to 889 on the NYSE and led 3,690 to 1,005 on the NASDAQ.
 
The SPY MFC green line is turned down at 35.8 and is short-term bearish.  SPY closed above Monday’s low. 
 
 
Uptrend sectorsXLE, 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 TrendDown a little
 
7 of 100 NDX stocks closed higher on Thursday.
 
27 NDX stocks are above their 30 DMA:  CERN, ATVI, EXC, BKNG, INCY, BIDU, FISV, JD, SIRI, TMUS, DDOG, MAR, CHTR, DLTR, ABNB, FTNT, PDD, ZS, REGN, MU, MELI, AMZN, COST, CTSH, ORLY, CSX, KHC,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 0
 
 
Moving Below 30 DMA = 13
AAPL, ADI, ALGN, AVGO, CRWD, GOOGL, MTCH, NVDA, PANW, PCAR, SPLK, TEAM, VRTX,
 
 
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