Monday, March 28, 2022

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 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
3-day Short Term Market TrendUp
 
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
 
 
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1 comment:

Ben W. said...

Quite the day! Thanks,Dave!