Lower Open, Lower Closes as UKR invasion Continues to Weigh on Equity Markets...Energy Leads Sectors...TGT, JWN, ROST, CRM Rise on EPS Reactions...

 
 
© 2022
 
 
Markets paused in a trading range for a second day as RUS / UKR invasion continues to weigh on market sentiment.  SPY, QQQ, DIA and IWM opened lower and closed lower.
 
Powell gives his semiannual testimony before Congress Wednesday and Thursday.

TGT +9.84% on a positive EPS reaction. 
After hours:  JWN +35.1%, ROST +8.7%, CRM +3.7% on positive EPS reactions. 
 

SPY down 6.65 at 429.98, on 137.7 million shares, average volume, down on lower volume.
VIX up 3.17 at 33.32
QQQ down 5.31 at 341.49
  
CVX, HD, WMT, UNH led the DJIA, 4 advancers, -6
TGT, CHRW, OXY, LMT led the SPX, 95 advancers.
BIDU, WDAY, ZS, JD led the NDX, 18 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: SPY, QQQ, DIA, IWM,
 
One of eleven sectors was higher on Tuesday, led by XLE, XLRE and XLV. 
 
Energy leaders: OXY, APA, CTRA, CVX
Real Estate leaders:  SBAC, EXR, PSA, IRM
Health Care leaders: RMD, A, ILMN, ABMD
 
Advancers weakened on Tuesday as decliners led 2,055 to 1,332 on the NYSE and led 3,071 to 1,704 on the NASDAQ.
 
The SPY MFC green line is turned up at 30.2 and is bullish.  SPY closed below Monday’s low. 
 
 
Uptrend sectors:  XLE, XLP,
Neutral sectors: XLF, XLU, XLB, XLV, XLRE, XLK,
Down trend sectors: XLY, XLI, 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: Sideways
 
18 of 100 NDX stocks closed higher on Tuesday.
 
27 NDX stocks are above their 30 DMA:  ATVI, EXC, TMUS, DDOG, DLTR, KHC, AZN, ALGN, CDNS, COST, CRWD, FTNT, ISRG, PANW, SNPS, AEP, AMGN, CHTR, IDXX, KDP, MELI, ODFL, BIDU, JD, ORLY, VRSN, WDAY,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 5
BIDU, JD, ORLY, VRSN, WDAY,
 
 
Moving Below 30 DMA = 9
AMD, AMZN, ASML, AVGO, MAR, MU, NVDA, PAYX, REGN,
 
 
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