QQQ Rises to 12-week High...Job Report Friday BMO...Technology, Communication Services, Discretionary Lead Sectors...

© 2022

 

The SPX -3.23 opened flat, traded in a range and closed flat.  GLD closed higher, while DXY, TNX, TLT and /CL moved lower.

The Employment Situation Jobs Report is released tomorrow Friday, at 8:30 a.m. ET BMO.

153 SPX companies report EPS this week:  Mon: GPN, J, L, ON, PKI / AFL, ANET, ATVI, DVA, DVN, FANG, MOS, SBAC, SPG, VNO, WMB/ Tue: AME, CAT, CMI, CNP, DD, ETN, EXPD, HSIC, IDXX, INCY, IPGP, IT, ITW, LDOS, MAR, MPC, PEG, SEE, SPGI, TAP, WAT, WEC, XYL, ZBH, ZBRA / AIZ, AMD, CTRA, CZR, EA, EXR, FMC, GILD, MCHP, MTCH, OXY, PAYC, PEAK, PRU, PXD, PYPL, SBUX, SEDG, STE, VRSK/ Wed: ABC, BWA, CDW, CRL, CVS, DISH, ETR, EXC, GNRC, MRNA, NI, PNW, PPL, REGN, TT UA, UAA, YUM / ALB, ALL, ANSS, APA, ATO, BKNG, CDAY, CLX, DXC, EBAY, FLT, FTNT, HST, IR, LNC, LUMN, MCK, MET, MGM, MRO O, QRVO/ Thu: ABMD, APD, APTV, BALL, BDX, CBRE, CEG, CI, COP, DUK, EPAM, EVRG, FIS, FRT, HII, HWM, ICE, IRM, JCI, K, LLY, NRG, OGN, PARA, PENN, PH, PKI, PWR, SRE, TECH, VMC, WRK, XRAY, ZTS / AEE, AES, AMGN, CTVA, ED, EOG, EXPE, LNT, LYV, MNST, MSI, NLOK, PSA, REG, RSG, SWKS, VRTX, VTR, WBD/ Fri: TRMB, WAB, WDC

First day reactions this week:

Positive: MELI, EPAM, CDAY, APD, NRG, HII, ICE, ANSS, MGM, MCK BDX, CI, VMC, HST, BABA, QRVO, IRM, PM, PARA, MRNA, PYPL, DISH, CVS, REGN, MCHP, GILD, VRSK, PAYC, SBUX, TT, EXR, EA, UA, BWA, PNW, ETR, FMC, UAA, UBER, PINS, IT, XYL, ZBH, MPC, AFL, AME, DVA, MOS, SBAC, FANG, CMI, PKI, GPN, = 50, QTD = 184

Neutral: FRT, O, JCI, CEG, MET, XRAY, K, EVRG, IR, TECH, HWM, OGN, PKI, BKNG, DUK, ALL, CDW, NI, CZR, PPL, CMI, CNP, IDXX WEC, ANET, ETN, PEG, MAR, ATVI

Negative: BALL, DXC, FTNT, APA, APTV, LNC, FIS, MRO, EBAY, CLX, PENN, WRK, ZTS, ABMD, ATO LUMN, PWR, LLY, ALB, SRE, COP, CBRE, FLT, SEDG, MTCH, AIZ, STE, CRL, GNRC OXY EXC, PXD, ABC, CTRA, YUM, PEAK AMD PRU, TAP, ZBRA, SEE, WAT, INCY, CAT, IPGP, LDOS, EXPD, HSIC, WMB, SPG, DD, VNO, SPGI, DVN, ITW, J, ON, L, = 58, QTD = 139

SPY down .28 at 414.17, on 45.6 million shares the daily volume for 2022, below average volume, down on lower volume.

VIX down .51 at 21.44

QQQ up 1.51 at 324.40

MMM, V, AXP, CRM led the DJIA, 9 advancers, -16

EPAM, CDAY, DISH, APD led the SPX, 232 advancers

MELI, AMD, MTCH, MRNA led the NDX 62 advancers

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

Up:  QQQ,

Down:  SPY, IWM, DIA,

Seven of eleven sectors were higher on Thursday, led by XLK, XLC and XLY.

Technology leaders:  EPAM, CDAY, AMD, SEDG

Communication Services leaders:  MTCH, DISH, WBD, CHTR

Consumer Discretionary leaders:  MGM, LEN, DHI, AMZN

Advancers weakened on Thursday as decliners led 1,668 to 1,521 on the NYSE and advancers led 2,713 to 1,833 on the NASDAQ.

The SPY MFC green line flattened out in the upper zone at 95.2 and is short-term bullish.  SPY traded in a range and stayed above Wednesday’s S1 level.

Uptrend sectors:  XLU,  

Neutral sectors:   XLV, XLP, XLK, XLI, XLE, XLRE,

Down trend sectors:  XLC, XLY, XLF, XLB,

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Down a little

3-day Short Term Market Trend: Up a little

62 of 100 NDX stocks closed higher on Thursday.

84 NDX stocks are above their 30 DMA:   MNST, COST, DXCM, OKTA, ORLY, KDP, PEP, VRSK, SIRI, VRSN, AAPL, CDNS, CPRT, IDXX, CTAS, QCOM, TSLA, ADI, ROST, SWKS, TXN, ALGN, AMZN, ATVI, FISV, ISRG, MCHP, MU, NFLX, NXPI, ODFL, SNPS, KLAC, SPLK, ABNB, ADBE, ADP, ADSK, AMAT, AMD, ANSS, ASML, AVGO, CSCO, CSX, EBAY, INTU, LRCX, MAR, MDLZ, MELI, MRVL, NVDA, PAYX, PCAR, PYPL, EA, ILMN, HON, AEP, EXC, XEL, TMUS, BKNG, CRWD, DOCU, GOOGL, LULU, MSFT, OKTA, TEAM, WBA, WDAY, FAST, CTSH, DDOG, ZS, AMGN, BIIB, GILD, META, REGN, ZM, AZN, JD,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 2

AZN, JD,  

Moving Below 30 DMA = 4

DLTR, FTNT, LCID, PANW,

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