QQQ, SPY, DIA, IWM Hold at Short-term Support Mid-Channel...Energy, Financial, Technology Lead Sectors...SYB, BAC Positive EPS Reactions

 
 
© 2022
 
 
QQQ, SPY opened flat and closed slightly higher while DIA, IWM closed lower.  Earnings season continues Tuesday morning. 
 
Oil futures, (/CL +0.48) closed at $107.02. 
 
Talks between UKR / RUS continue to have no clear path towards a ceasefire.  
 
Earnings season:  Tuesday morning EPS reports from JNJ, LMT TFC, TRV, HAL, FITB, CFG, HAS, SBNY, PLD and JBHT Monday AMC.
Q1 Earnings Reports:
Positive reactions: SYF, BAC, C, USB, FRC, DAL, FAST,
Neutral reactions: GS, MS, UNH, BLK,
Negative reactions: SCHW, BK, STT, WFC, PNC, JPM
 
 
SPY up .18 at 437.97, on 65.9 million shares, below average volume, up slightly on lower volume.
VIX down .53 at 22.17
QQQ up .26 at 338.69.
 
GS, INTC, JPM, AXP led the DJIA, 11 advancers, +0
FTI, TWTR, SYF, DINO led the SPX, 195 advancers.
LRCX, MCHP, NVDA, ADI led the NDX, 37 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY,
Down: DIA, IWM,  
 
Five of eleven sectors were higher on Monday, led by XLE, XLF and XLK. 
 
Energy leaders:  FTI, DINO, VLO, PSX
Financial leaders:  SYF, COF, DFS, BAC
Technology leaders:  LRCX, MCHP, HPQ, NVDA
 
Advancers strengthened slightly on Monday as decliners led 2,077 to 1,259 on the NYSE and led 3,266 to 1,559 on the NASDAQ.
 
The SPY MFC green line is pointed down at 51.8 and is defensive.  SPY traded in a range at last week’s short-term support in a 13-day pullback in a 3-month sideways channel.    
 
 
Uptrend sectors:  XLE, XLU, XLP, XLV, XLB, XLRE,
Neutral sectors:  XLF, XLI,
Down trend sectors: XLK, XLY, XLC,
 
The 6-month intermediate trend is sideways.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Sideways
 
37 of 100 NDX stocks closed higher on Monday.
 
39 NDX stocks are above their 30 DMA:  EXC, DLTR, KHC, COST, AEP, AMGN, PAYX, XEL, ADP, SGEN, AZN, REGN, CRWD, VRTX, CTAS, DXCM, PANW, VRSK, ABNB, TSLA, FTNT, BIIB, NTES, PEP, BKNG, CMCSA, LULU, MNST, ROST, TMUS, GILD, MDLZ, ORLY, HON, MAR, SPLK, FISV, ADI, INTU,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 2
ADI, INTU,
 
Moving Below 30 DMA = 5
DOCU, MRNA, SIRI, VRSN, ZS,
 
 
Add Comments here: