© 2022
Stocks rose in a broad rally on Wednesday, that began Tuesday evening in the
futures market. All sectors, except
Utilities and Energy, were higher on Wednesday. Volatility, VIX remains high but did
begin to move lower today.
QQQ, IWM, SPY, DIA opened higher and closed higher on Wednesday.
CPI report is Thursday morning at 8:30 am ET.
After hours: CRWD +13.55% rises
on a better-than-expected EPS.
SPY up 11.16 at 427.41, on 116.9 million shares, average volume, up on lower volume.
VIX down 2.68 at 32.45
QQQ up 11.64 at 334.99
CRM, AXP, NKE, MSFT led the DJIA, 26 advancers, +18
TPR, CZR, CCL, PVH led the SPX, 419 advancers.
MTCH, DDOG, MRNA TEAM led the NDX, 90 advancers.
The two-year trend term is up. The one-year trend is up.
Up: QQQ, IWM, SPY, DIA,
Down:
Nine
of eleven
sectors were higher on Wednesday, led by XLK,
XLF and XLY.
Technology leaders: NOW,
NVDA, FIS, EPAM
Financial leaders: SBNY, FITB, BAC, WFC
Consumer Discretionary leaders: TPR, CZR, CCL, PVH
Advancers strengthened on Wednesday as advancers led 2,504 to 834 on the NYSE
and led 3,727 to 1,035 on the NASDAQ.
The SPY MFC green line
pointed down at 32.3 and is bearish. SPY bounced at short and intermediate term
support.
Uptrend sectors: XLE, XLP,
Neutral sectors: XLU, XLV, XLRE, XLF, XLB,
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: Down
90 of 100 NDX stocks
closed higher on Wednesday.
30 NDX stocks are above their 30 DMA: ATVI, EXC, DLTR, KHC, COST,
PANW, AEP, AMGN, CSX, CTSH, PAYX, SPLK, XEL, ADP, FAST, SGEN, VRTX, AVGO,
AZN, CDNS, CSCO, IDXX, ODFL, ORLY, REGN, SNPS, TMUS, TXN, WBA, WDAY,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 13
AVGO, AZN, CDNS, CSCO, IDXX,
ODFL, ORLY, REGN, SNPS, TMUS, TXN, WBA, WDAY,
Moving Below 30 DMA = 1
SIRI,
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1 comment:
Thank you, Dave!
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