SPX Moves Lower Ahead of CPI, PPI, Retail Sales Reports and Earnings Season Kickoff...

© 2022

At the start of earnings season, SPY opened lower and closed lower on its second lightest volume of the past three months.  SPX -44.95, closed below the LOHD.   

DXY and TNX closed higher, while /CL, GLD and TLT moved lower.

17 SPX EPS reports this week:  PEP, DAL, FAST, CAG, CTAS, FRC, JPM MS, BK, BLK, C, PGR, PNC, STT, UNH, USB, WFC

Wednesday: CPI, Thursday: PPI, Friday: Retail Sales, GOOGL to split 20:1

SPY down 4.44 at 384.23, on 58.3 million shares, below average volume, down on lower volume.

VIX up 1.53 at 26.17

QQQ down 6.31 at 289.04

MRK, V, PG, IBM led the DJIA, 9 advancers, -0

CBOE, MLM, DUK, CTXS led the SPX, 132 advancers

AEP, KHC, XEL, EXC led the NDX, 4 advancers

The two-year trend term is up.  The one-year trend down.

Up: 

Down: DIA, SPY, IWM, QQQ,

One of eleven sectors was higher on Monday, led by XLU, XLRE and XLP.

Utilities leaders:  DUK, NI, WEC, ED

Real Estate leaders:  AMT, O, CCI, FRT

Consumer Staples leaders:  MO, TAP, SJM, CAG

Advancers weakened on Monday as decliners led 2,232 to 980 on the NYSE and led 3,458 to 1,207 on the NASDAQ.

The SPY MFC green line is pointed up at 42.0 and is short-term bullish.  SPY closed below the LOHD, near short-term resistance.

Uptrend sectors:

Neutral sectors:  XLE, XLU, XLV,

Down trend sectors:  XLP, XLY, XLB, XLI, XLK, XLF, XLRE, XLC,

The 6-month intermediate trend is down.  The ten-day trend is down a little.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up a little

4 of 100 NDX stocks closed higher on Monday.

41 NDX stocks are above their 30 DMA:   SGEN, MNST, BIIB, CRWD, VRTX, DLTR, TEAM, TMUS, ATVI, AZN, COST, DXCM, OKTA, ORLY, KDP, KHC, MDLZ, ODFL, PEP, VRSK, AMGN, DDOG, GILD, PANW, SIRI, VRSN, ZS, AAPL, CDNS, CPRT, FTNT, GOOGL, IDXX, INTU, MSFT, ADP, CTAS, LCID, SNPS, QCOM, REGN,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 12

ALGN, AMZN, ANSS, BIDU, ISRG, JD, LULU, NFLX, PDD, SPLK, TSLA, ZM,

 

Add Comments here: