Tuesday, March 22, 2022

QQQ, SPY, IWM, DIA Open Higher, Close Higher on Rally Day 6...TSLA Leads SPX...Discretionary, Communication, Financial Lead Sectors...

  
© 2022
 
 
QQQ, IWM, SPY, DIA, opened higher and closed higher.  /CL -2.18, closed lower.
 
Talks between UKR / RUS continue to have no clear path towards a ceasefire.  
 
 
SPY up 5.20 at 449.59, on 74.6 million shares, below average volume, up on lower volume.
VIX down .59 at 22.94
QQQ up 6.88 at 356.96.
 
BA, NKE, JPM, INTC led the DJIA, 24 advancers, +10
EPAM, ALGN, WFC, MTCH, ETSY led the SPX, 358 advancers.
PDD, TSLA NTES, MRNA, CRWD led the NDX, 89 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, IWM, DIA,
Down: 
 
Ten of eleven sectors were higher on Tuesday, led by XLY, XLC and XLF. 
 
Consumer Discretionary leaders: TSLA, ETSY, F, NKE
Communication Services leaders:  MTCH, LYV, GCI, PARA
Financial leaders:  WFC, SIVB, SCHW, SYF
 
Advancers strengthened on Tuesday as advancers led 2,035 to 1,281 on the NYSE and led 3,343 to 1,388 on the NASDAQ.
 
The SPY MFC green line is pointed up at 68.4 and is short-term bullish.  SPY resumed its strong six-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
 
89 of 100 NDX stocks closed higher on Tuesday.
 
81 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, ILMN, PYPL, SNPS, SPLK, TSLA, VRSN, WBA, WDAY, FB, FTNT, GOOGL, INTC, KLAC, SIRI, AAPL, AMD, ADBE, ADSK, ANSS, BIDU, BIIB, CMCSA, EBAY, GILD, ISRG, LCID, LRCX, LULU, MNST, MTCH, NFLX, NTES, PEP, ROST, SWKS, TEAM,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 20
ADBE, ADSK, ANSS, BIDU, BIIB, CMCSA, EBAY, GILD, ISRG, LCID, LRCX, LULU, MNST, MTCH, NFLX, NTES, PEP, ROST, SWKS, TEAM,
 
Moving Below 30 DMA = 0
 
 
 
Add Comments here:

1 comment:

Ben W. said...

It’s amazing how fast we got up to 81 NDX stocks above their 30MA. Thank you so much for putting this together each day, Dave.