© 2022
The SPX -31.16 opened lower as futures moved down overnight and
closed lower after FOMC minutes were released at 2 pm ET. DXY and /CL closed higher,
while, GLD, TLT and TNX moved lower.
EPS reactions on Wednesday: LOW +0.58%, TGT -2.69%
SPY down 3.05 at 426.65, on 63.5
million shares, average volume, down on higher volume.
VIX up .21 at 19.90
QQQ down 3.79 at 328.49
IBM, AAPL, CVX, MRK led the DJIA, 8 advancers, -13
A, VLO, PGR, DINO led the SPX, 107 advancers
COST, VRSN, CTAS, ADP led the NDX 10 advancers
The two-year trend term is up. The
one-year trend down.
Up:
Down: DIA, SPY, QQQ, IWM,
One of eleven sectors was higher on Wednesday, led by XLE, XLU and
XLP.
Energy leaders: VLO, DINO, MPC, HES
Utilities leaders: ED, NI, EIX, AEE
Consumer Staples leaders: SJM, STZ, COST, HRL
Advancers weakened on Wednesday
as decliners led 2,570 to 646 on the NYSE and led 3,462 to 1,129 on the NASDAQ.
The SPY
MFC green line is pointed down in the upper zone at 95.5 and is short-term
bullish. SPY opened lower and
closed lower in a 1-day bull flag pattern.
Uptrend sectors: XLK, XLY,
XLU, XLRE, XLI,
Neutral sectors: XLV, XLC, XLF, XLP,
Down trend sectors: XLE, XLB,
The 6-month intermediate
trend is down. The ten-day trend is up.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Sideways
10 of 100 NDX stocks
closed higher on Wednesday
86 NDX stocks are above their 30 DMA: COST,
DXCM, ORLY, KDP, PEP, VRSK, SIRI, VRSN, AAPL, CDNS, CPRT, 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, BIIB, META, REGN, VRTX,
AMGN, GILD, KHC, MU, PANW, NTES, AZN, DLTR,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 3
CHTR, CMCSA, ZM,
Add Comments here:
No comments:
Post a Comment