Broad Rally Day 4...QQQ Leads...Discretionary, Technology Lead Sectors...DOCU, OKTA Lead NDX...

 
© 2022
 

QQQ, IWM, SPY, DIA, opened lower, rose throughout the day and closed higher in the fourth day of a broad rally.  Comments from the Fed’s Bullard view that rates rise to over 3% this year, and the Fed’s Waller that rates should 50 bps for the next two meeting sent futures lower in the pr-market.
 
Talks between UKR / RUS still have no clear path towards a ceasefire.  
 
 
SPY up 4.81 at 444.52, on 106.3 million shares, below average volume, up on higher volume.
VIX down 1.80 at 23.87
QQQ up 7.05 at 351.49
 
CRM, NKE, V, AAPL led the DJIA, 20 advancers, -8
EPAM, HPQ, CDAY, NVDA led the SPX, 347 advancers.
DOCU, OKTA, PDD, MTCH led the NDX, 83 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, IWM, DIA,
Down: 
 
Nine of eleven sectors were higher on Friday, led by XLY, XLK and XLC. 
 
Consumer Discretionary leaders: ETSY, LVS, TSLA, LEN
Technology leaders:  EPAM, HPQ, CDAY, NVDA
Communication Services leaders:  MTCH, FB, LUMN, NFLX
 
Advancers weakened slightly on Friday as advancers led 2,214 to 1,096 on the NYSE and led 3,265 to 1,455 on the NASDAQ.
 
The SPY MFC green line is pointed up at 46.9 and is short-term bullish.  SPY closed higher for a fourth day and above its 30 DMA.    
 
 
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
 
83 of 100 NDX stocks closed higher on Friday.
 
71 NDX stocks are above their 30 DMA:  EXC, DLTR, KHC, COST, AEP, AMGN, CTSH, PAYX, XEL, ADP, FAST, SGEN, AZN, ORLY, REGN, TMUS, CRWD, VRTX, AVGO, CSCO, CTAS, DXCM, HON, ODFL, PANW, TXN, VRSK, ADI, AMZN, ASML, CDNS, CPRT, CSX, FISV, IDXX, MAR, MCHP, MELI, MRNA, MRVL, MSFT, NVDA, NXPI, ABNB, AMAT, EBAY, ILMN, PYPL, ROST, SNPS, SPLK, TSLA, VRSN, WBA, WDAY, ANSS, FB, FTNT, GOOGL, INTC, ISRG, KLAC, LCID, LRCX, LULU, MNST, NFLX, OKTA, SIRI, SWKS, TEAM,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 16
ANSS, FB, FTNT, GOOGL, INTC, ISRG, KLAC, LCID, LRCX, LULU, MNST, NFLX, OKTA, SIRI, SWKS, TEAM,
 
Moving Below 30 DMA = 0
 

 
Add Comments here: