SPX Opens Flat Closes Lower Forming Flag Setup...Oil Down...Sectors Move Lower...

 
 
© 2022

 
IWM, QQQ, SPY, DIA finished lower after a 38-point selloff in the last half hour of trading.  Oil futures, (/CL -6.26) closed lower.
 
Talks between UKR / RUS continue to have no clear path towards a ceasefire.  
 
 
SPY down 7.06 at 451.64, on 121.6 million shares, above average volume, down on higher volume.
VIX up 1.23 at 20.56, bounce day 2.
QQQ down 4.55 at 362.54.
 
CAT led the DJIA, 0 advancers, -15
CCL, NCLH, RCL, MKC led the SPX, 181 advancers.
SPLK, INTU, SGEN, VRTX led the NDX, 17 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down:  IWM, QQQ, DIA, SPY,
 
All eleven sectors were lower on Thursday, led by XLU, XLP and XLV. 
 
Utilities l leaders: EIX, NRG, EXC, NI
Consumer Staples leaders:  MKC, KR, ADM, CPB
Health Care leaders:  TFX, VRTX, REGN, ABMD
 
Advancers were mixed on Thursday as decliners led 2,042 to 1,353 on the NYSE and led 3,132 to 1,706 on the NASDAQ.
 
The SPY MFC green line is turned down at 92.3 and is counter-trend defensive.  SPY pulled back in its 13-day rally.    
 
 
Uptrend sectors:  XLE, XLU, XLP, XLV, XLB,
Neutral sectors:  XLRE, XLF, XLK, XLI,
Down trend sectors: XLY, XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Down
 
17 of 100 NDX stocks closed higher on Thursday.
 
86 NDX stocks are above their 30 DMA:  EXC, DLTR, KHC, COST, AEP, AMGN, CTSH, PAYX, XEL, ADP, FAST, SGEN, AZN, ORLY, REGN, CRWD, VRTX, AVGO, CTAS, DXCM, HON, PANW, TXN, VRSK, ADI, AMZN, ASML, CDNS, CPRT, CSX, FISV, IDXX, MCHP, MELI, MRNA, MRVL, MSFT, NVDA, ABNB, AMAT, ILMN, PYPL, SNPS, SPLK, TSLA, WDAY, FB, FTNT, GOOGL, INTC, SIRI, AAPL, BIIB, EBAY, NTES, PEP, ADSK, BKNG, CMCSA, KLAC, LRCX, LULU, MAR, MTCH, NFLX, NXPI, VRSN, EA, ISRG, ADBE, ANSS, DDOG, DOCU, INTU, KDP, LCID, MNST, ROST, TEAM, TMUS, ZS, CSCO, GILD, SBUX, ZM, MDLZ,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 0
 
 
Moving Below 30 DMA = 4
AMD, ODFL, SWKS, WBA,
 
 
Add Comments here:

Oil Rallies and Stocks Pullback...Energy, Utilities, Health Care Lead Sectors...LULU, PAYX Lead NDX...

 
© 2022
 
 
IWM, QQQ, SPY, DIA paused with a small pullback and Oil futures, (/CL +2.30) rose on the twelfth day of the current stock rally. 
 
 
Talks between UKR / RUS continue to have no clear path towards a ceasefire.  

LULU, PAYX lead the NDX on positive EPS reactions.
 
 
SPY down 2.85 at 458.70, on 79.6 million shares, below average volume, down on lower volume.
VIX up .43 at 19.33, bouncing up today from its lowest close, yesterday, since Jan 12.
QQQ down 4.10 at 367.09.
 
UNH, WMT, JNJ, MRK led the DJIA, 15 advancers, -10
PSX, VLO, MPC, ANTM led the SPX, 181 advancers.
LULU, PAYX, AZN, ADP led the NDX, 22 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down:  DIA, SPY, QQQ, IWM,
 
Four of eleven sectors were higher on Wednesday, led by XLE, XLU and XLV. 
 
Energy leaders: PSX, VLO, MPC, MRO
Utilities leaders:  SRE, AEE, DTE, ED
Health Care leaders:  ANTM, UNH, CNC, JNJ
 
Advancers weakened on Wednesday as decliners led 1,907 to 1,425 on the NYSE and led 3,118 to 1,552 on the NASDAQ.
 
The SPY MFC green line is pointed up at 93.2 and is short-term bullish.  SPY paused in its twelve-day rally.    
 
 
Uptrend sectors:  XLE, XLU, XLP, XLV, XLB,
Neutral sectors:  XLRE, XLF, XLK, XLI,
Down trend sectors: XLY, XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Down a little
3-day Short Term Market Trend: Up
 
22 of 100 NDX stocks closed higher on Wednesday.
 
90 NDX stocks are above their 30 DMA:  EXC, DLTR, KHC, COST, AEP, AMGN, CTSH, PAYX, XEL, ADP, FAST, SGEN, AZN, ORLY, REGN, CRWD, VRTX, AVGO, CTAS, DXCM, HON, ODFL, PANW, TXN, VRSK, ADI, AMZN, ASML, CDNS, CPRT, CSX, FISV, IDXX, MCHP, MELI, MRNA, MRVL, MSFT, NVDA, ABNB, AMAT, ILMN, PYPL, SNPS, SPLK, TSLA, WDAY, FB, FTNT, GOOGL, INTC, SIRI, AAPL, AMD, BIIB, EBAY, NTES, PEP, ADSK, BKNG, CMCSA, KLAC, LRCX, LULU, MAR, MTCH, NFLX, NXPI, SWKS, VRSN, EA, ISRG, WBA, ADBE, ANSS, DDOG, DOCU, INTU, KDP, LCID, MNST, ROST, TEAM, TMUS, ZS, CSCO, GILD, SBUX, ZM, MDLZ,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
MDLZ,
 
Moving Below 30 DMA = 4
ATVI, BIDU, PCAR, QCOM,
 
 
Add Comments here:

IWM, QQQ Lead Broad Rally Day 11...Real Estate Tech Lead Sectors...

 
© 2022

 
IWM, QQQ, SPY, DIA extended their rally for An eleventh day. 
 
Oil futures, (/CL +1.67) traded lower BMO, reversed and closed slightly higher on Tuesday. 
 
Talks between UKR / RUS continue to have no clear path towards a ceasefire.  
 
 
SPY up 5.64 at 461.55, on 86.5 million shares, below average volume, up on higher volume.
VIX down .73 at 18.90, fell to its lowest close since Jan 12.
QQQ up 6.28 at 371.19.
 
V, NKE, BA, CRM led the DJIA, 25 advancers, +9
NLSN, EPAM, PENN, F led the SPX, 405 advancers.
LCID, ZM, DOCU, JD led the NDX, 96 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ, SPY, DIA,
Down: 
 
Ten of eleven sectors were higher on Tuesday, led by XLRE, XLK and XLC. 
 
Real Estate leaders: SPG, REG, EXR, EQIX
Technology leaders:  EPAM, IPGP, MA, FIS
Communication Services leaders:  GCI, TWTR, NFLX, IPG
 
Advancers strengthened on Tuesday as advancers led 2,750 to 640 on the NYSE and led 3,605 to 1,250 on the NASDAQ.
 
The SPY MFC green line is pointed up at 88.5 and is short-term bullish.  SPY rose continuing an eleven-day rally.    
 
 
Uptrend sectors:  XLE, XLU, XLP, XLV, XLB,
Neutral sectors:  XLRE, XLF, XLK, XLI,
Down trend sectors: XLY, XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Up
 
96 of 100 NDX stocks closed higher on Tuesday.
 
93 NDX stocks are above their 30 DMA:  EXC, DLTR, KHC, COST, AEP, AMGN, CTSH, PAYX, XEL, ADP, FAST, SGEN, AZN, ORLY, REGN, CRWD, VRTX, AVGO, CTAS, DXCM, HON, ODFL, PANW, TXN, VRSK, ADI, AMZN, ASML, CDNS, CPRT, CSX, FISV, IDXX, MCHP, MELI, MRNA, MRVL, MSFT, NVDA, ABNB, AMAT, ILMN, PYPL, SNPS, SPLK, TSLA, WDAY, FB, FTNT, GOOGL, INTC, SIRI, AAPL, AMD, BIIB, EBAY, NTES, PEP, ADSK, BKNG, CMCSA, KLAC, LRCX, LULU, MAR, MTCH, NFLX, NXPI, SWKS, VRSN, EA, ISRG, WBA, ADBE, ANSS, DDOG, DOCU, INTU, KDP, LCID, MNST, ROST, TEAM, TMUS, ZS, ATVI, BIDU, CSCO, GILD, PCAR, QCOM, SBUX, ZM,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 8
ATVI, BIDU, CSCO, GILD, PCAR, QCOM, SBUX, ZM,
 
Moving Below 30 DMA = 0
 
 
 
Add Comments here:

QQQ, SPY, DIA Rally Day 10...VIX Drops Again...Discretionary, Real Estate, Technology Lead Sectors...TSLA Leads SPX, MSFT Leads DJIA...

  
© 2022
 
QQQ, SPY, DIA extended their rally for a tenth day.  QQQ gained 1.55%. higher on Monday.  QQQ, SPY closed at their highest daily close since Feb 9.  
 
Oil futures, (/CL -9.11) traded lower on Monday on concerns of reduced China demand. 
 
Talks between UKR / RUS continue to have no clear path towards a ceasefire.  
 
 
SPY up 3.22 at 455.91, on 68.5 million shares, below average volume, up on lower volume.
VIX down 1.18 at 19.63, fell to its lowest close since Jan 14.
QQQ up 5.56 at 364.91.
 
MSFT, CRM, WMT, HD led the DJIA, 16 advancers, -9
TSLA, SWN, CCL, ETSY, INTU led the SPX, 305 advancers.
OKTA, TSLA, TEAM, MELI led the NDX, 90 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA, IWM,
Down:  
 
Eight eleven sectors were higher on Monday, led by XLY XLRE and XLK. 
 
Consumer Discretionary leaders: TSLA, CCL, ETSY, GPS
Real Estate leaders:  EQIX, PSA, DLR, PLD
Technology leaders:  INTU, ADBE, SNPS, NOW
 
Advancers strengthened on Monday as decliners led 1,706 to 1,645 on the NYSE and led 2,470 to 2,318 on the NASDAQ.
 
The SPY MFC green line is pointed up at 85.2 and is short-term bullish.  SPY rose continuing a ten-day rally.    
 
 
Uptrend sectors:  XLE, XLU, XLP, XLV, XLB,
Neutral sectors:  XLRE, XLF, XLK, XLI,
Down trend sectors: XLY, XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Up
 
90 of 100 NDX stocks closed higher on Monday.
 
85 NDX stocks are above their 30 DMA:  EXC, DLTR, KHC, COST, AEP, AMGN, CTSH, PAYX, XEL, ADP, FAST, SGEN, AZN, ORLY, REGN, CRWD, VRTX, AVGO, CTAS, DXCM, HON, ODFL, PANW, TXN, VRSK, ADI, AMZN, ASML, CDNS, CPRT, CSX, FISV, IDXX, MCHP, MELI, MRNA, MRVL, MSFT, NVDA, ABNB, AMAT, ILMN, PYPL, SNPS, SPLK, TSLA, WDAY, FB, FTNT, GOOGL, INTC, SIRI, AAPL, AMD, BIIB, EBAY, NTES, PEP, ADSK, BKNG, CMCSA, KLAC, LRCX, LULU, MAR, MTCH, NFLX, NXPI, SWKS, VRSN, EA, ISRG, WBA, ADBE, ANSS, DDOG, DOCU, INTU, KDP, LCID, MNST, ROST, TEAM, TMUS, ZS,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 12
ADBE, ANSS, DDOG, DOCU, INTU, KDP, LCID, MNST, ROST, TEAM, TMUS, ZS,
 
Moving Below 30 DMA = 0
 
 
Add Comments here:

SPY, DIA, IWM Close Higher after Late Rally...Energy, Utilities, Financial Lead Sectors...VIX Closes Lower...

 

Oil /CL +.26, traded lower on Friday until a report of an attack on a Saudi facility lifted oil prices. 
 
Talks between UKR / RUS continue to have no clear path towards a ceasefire.  
 
 
SPY up 2.20 at 452.69, on 77.1 million shares, below average volume, up on lhigher volume.
VIX down .86 at 20.81, fell to its lowest close since Feb 9.
QQQ down .30 at 359.35.
 
TRV, CVX, IBM, HON led the DJIA, 25 advancers, -3
SWN, CTRA, LUMN, KMI led the SPX, 376 advancers.
DXCM, EXC, ISRG, FISV led the NDX, 44 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: SPY, DIA, IWM,
Down: QQQ,  
 
Nine eleven sectors were higher on Friday, led by XLE XLU and XLF. 
 
Energy leaders: SWN, CTRA, KMI, PSX
Utilities leaders:  PNW, EIX, ATO, SO
Financial leaders:  ZION, CMA, LNC, PFG
 
Advancers weakened on Friday as advancers led 1,701 to 1,611 on the NYSE and decliners led 2,828 to 1,972 on the NASDAQ.
 
The SPY MFC green line is pointed up at 79.5 and is short-term bullish.  SPY rose continuing a nine-day rally.    
 
 
Uptrend sectors:  XLE, XLU, XLP, XLV, XLB,
Neutral sectors:  XLRE, XLF, XLK, XLI,
Down trend sectors: XLY, XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Up a little
 
44 of 100 NDX stocks closed higher on Friday.
 
73 NDX stocks are above their 30 DMA:  EXC, DLTR, KHC, COST, AEP, AMGN, CTSH, PAYX, XEL, ADP, FAST, SGEN, AZN, ORLY, REGN, CRWD, VRTX, AVGO, CTAS, DXCM, HON, ODFL, PANW, TXN, VRSK, ADI, AMZN, ASML, CDNS, CPRT, CSX, FISV, IDXX, MCHP, MELI, MRNA, MRVL, MSFT, NVDA, ABNB, AMAT, ILMN, PYPL, SNPS, SPLK, TSLA, WDAY, FB, FTNT, GOOGL, INTC, SIRI, AAPL, AMD, BIIB, EBAY, NTES, PEP, ADSK, BKNG, CMCSA, KLAC, LRCX, LULU, MAR, MTCH, NFLX, NXPI, SWKS, VRSN, EA, ISRG, WBA,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 3
EA, ISRG, WBA,
 
Moving Below 30 DMA = 6
BIDU, DDOG, DOCU, LCID, TEAM, TMUS,
 
Add Comments here: