© 2022
IWM, SPY,
DIA rose while forming a bull flag pattern and QQQ closed lower on the fourteenth day of market
rally. Oil futures, (/CL
-0.86) closed
lower.
Talks between UKR / RUS continue to have no
clear path towards a ceasefire.
SPY up 1.23 at 452.92, on 89.0 million shares, below average volume, up on lower volume.
VIX down .93 at 19.63.
QQQ down .69 at 361.85.
VZ, V, MRK, PG led the DJIA, 20 advancers, +20
EW, NEM, IQV, DXCM led the SPX, 337 advancers.
NTES, BIDU, PDD, ILMN led the NDX, 61 advancers.
The two-year trend term is up. The one-year trend is up.
Up: IWM, SPY, DIA,
Down: QQQ,
Eight of eleven sectors were higher on Friday, led
by XLRE, XLU and XLB.
Real Estate l leaders:
DLR, EQIX, UDR, PLD
Utilities leaders: ETR, SO, DTE, AWK
Materials leaders: NEM, FCX, IFF, SHW
Advancers strengthened on Friday as advancers led 2,162 to 1,161 on the NYSE
and led 2,751 to 1,927 on the NASDAQ.
The SPY MFC green line is pointed down at 90.8 and is counter-trend defensive. SPY
is forming a bull flag pattern in its 14-day rally.
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 up.
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Down
61 of 100 NDX stocks
closed higher on Friday.
80 NDX stocks are above their 30 DMA: EXC, DLTR, KHC, COST,
AEP, AMGN, CTSH, PAYX, XEL, ADP, FAST, SGEN, AZN, REGN, CRWD, VRTX, AVGO, CTAS,
DXCM, HON, PANW, TXN, VRSK, ADI, AMZN, ASML, CDNS, CPRT, FISV, IDXX, MCHP,
MELI, MRNA, MRVL, MSFT, NVDA, ABNB, ILMN, PYPL, SNPS, SPLK, TSLA, WDAY, FB,
FTNT, GOOGL, INTC, SIRI, AAPL, BIIB, EBAY, NTES, PEP, ADSK, BKNG, CMCSA, KLAC, LULU,
MAR, MTCH, NFLX, VRSN, ISRG, ADBE, ANSS, DDOG, DOCU, INTU, KDP, MNST, ROST, TEAM,
TMUS, ZS, CSCO, GILD, SBUX, ZM, MDLZ, ATVI,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 1
ATVI,
Moving Below 30 DMA = 7
AMAT, CSX, EA, LCID, LRCX, NXPI,
ORLY,
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1 comment:
Thank you , Dave !
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