Tuesday, February 22, 2022

SPX, NDX, DJI Fall to January Support, Sectors Move Lower, AZN Added to NDX...


 
© 2022
 
 
SPX, NDX, and DJI fell Tuesday as Russia / Ukraine tensions continued.
 
 
SPY down 4.66 at 429.57, on 132.6 million shares, average volume, down on lower volume.
VIX up 1.06 at 28.81
QQQ down 3.43 at 338.08
 
 
MCD, AMGN, TRV, HON led the DJIA, 5 advancers, -3
MDT, CARR, PPL, BAX led the SPX, 115 advancers.
KHC, SGEN, OKTA, DXCM led the NDX, 31 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down:  QQQ, SPY, IWM, DIA,
 
All eleven sectors were lower on Tuesday, led by XLU, XLV and XLRE
 
Utilities leaders: PPL, CNP, SO, AEP
Healthcare leaders:  MDT, BAX, DXCM, ILMN
Real Estate leaders: SBAC, ARE, MAA, UDR
 
Advancers weakened on Tuesday as decliners led 2,599 to 750 on the NYSE and led 3,593 to 1,198 on the NASDAQ.
 
The SPY MFC green line is turned down at 31.4 and is short-term bearish.  SPY closed at a 3-month closing low, but above Jan 24 intra-day 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
 
31 of 100 NDX stocks closed higher on Tuesday.
 
12 NDX stocks are above their 30 DMA:  ATVI, EXC, BKNG, TMUS, DDOG, MAR, DLTR, ABNB, MU, KHC, KDP, AZN,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 0
AZN added to NDX today
 
Moving Below 30 DMA = 5
BIDU, CHTR, COST, CSCO, ORLY,
 
 
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1 comment:

Ben W. said...

Wow. “And there 12” above their 30 day moving average.