Wednesday, March 30, 2022

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 sectorsXLE, 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 TrendUp
 
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,
 
 
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