DIA Closes Higher in Friday's Trading Range...Energy, Financial, Materials Lead Sectors as Volatility Ends Lower...

 
© 2022
 
 
Talks between UKR / RUS continue to have no clear path towards a ceasefire.  
 
 
SPY down 1.20 at 447.57, on 79.2 million shares, below average volume, up on slightly higher volume.
VIX down .39 at 21.16
QQQ down 4.95 at 349.15.
 
HD, GS, JPM, CVX led the DJIA, 18 advancers, +2
EPAM, CTRA, OXY, DISH led the SPX, 265 advancers.
DLTR, REGN, GILD, VRTX led the NDX, 26 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA,
Down: SPY, IWM, QQQ,
 
Seven (44.24%) of eleven sectors were higher on Friday, led by XLE, XLF and XLB. 
 
Energy l leaders: CTRA, OXY, HAL, EOG
Financial leaders:  SYF, AIG, HIG, GS
Basic Materials leaders:  MOS, IP, SEE, CE
 
Advancers weakened on Friday as decliners led 1,829 to 1,477 on the NYSE and led 2,973 to 1,751 on the NASDAQ.
 
The SPY MFC green line is pointed down at 76.2 and is defensive.  SPY is a setup in its 8-day bull flag pattern.    
 
 
Uptrend sectors:  XLE, 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 down.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Down
 
26 of 100 NDX stocks closed higher on Friday.
 
55 NDX stocks are above their 30 DMA:  EXC, DLTR, KHC, COST, AEP, AMGN, PAYX, XEL, ADP, FAST, SGEN, AZN, REGN, CRWD, VRTX, CTAS, DXCM, PANW, VRSK, CDNS, CPRT, FISV, IDXX, MELI, ABNB, ILMN, PYPL, SNPS, SPLK, TSLA, FB, FTNT, SIRI, AAPL, BIIB, NTES, PEP, BKNG, CMCSA, LULU, VRSN, ISRG, DOCU, INTU, MNST, ROST, TMUS, GILD, MDLZ, ORLY, ZS, KDP, MRNA, PDD,
 
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 3
KDP, MRNA, PDD,
 
Moving Below 30 DMA = 11
ADBE, ADI, AMZN, AVGO, GOOGL, HON, KLAC, MSFT, MTCH, TEAM, TXN,
 
 
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