SPX Lower Open, Lower Close After Early Rally Fails...SPY, QQQ, Close Below June Support Low...Real Estate Gains as Ten Sectors Close Lower...

© 2022

The SPX -54.85 opened lower, rallied for the first two hours of trading, then rolled over and closed lower continuing Thursday’s selloff.  SPY, QQQ and DIA each closed below support. 

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

SPY down 5.61 at 357.18, on 153.7 million shares, above average volume, down on higher volume.

VIX down .22 at 31.62

QQQ down 4.61 at 267.21

WBA led the DJIA, 0 advancers, -2

CRL, WY, EFX, TWTR led the SPX, 81 advancers

PDD, DDOG, BIIB, SGEN led the NDX 10 advancers

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

Up:

Down:  IWM, SPY, DIA, QQQ,

One sector was higher, and ten sectors were lower on Friday, led by of XLRE, XLB and XLE.

Real Estate leaders:  WY, VTR, DLR EXR

Materials leaders:  NUE, BALL, CE, APD

Energy leaders:  MPC, CTRA, DINO, FTI

Advancers strengthened on Friday as decliners led 1,813 to 1,380 on the NYSE and led 2,676 to 1,902 on the NASDAQ.

The SPY MFC green line turned down at 4.7 and is short-term bearish.  SPY opened lower and closed lower.

Uptrend sectors:

Neutral sectors:   XLY, XLE,

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

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down

10 of 100 NDX stocks closed higher on Friday

4 NDX stock are above their 30 DMA:   REGN, BIIB, NFLX, VRTX,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 2

ORLY, ZS,

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Back to June Support as SPX Falls 78 points, Reverses Wednesday's 71 point Bounce...Energy Unchanged as Ten Sectors Fall...

© 2022

The SPX -78.57  opened lower and closed lower reversing Wednesday’s 71-point bounce.  SPY, QQQ and IWM each closed back near Tuesday’s close at support.

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

SPY down 7.74 at 362.79, on 112.9 million shares, above average volume, down on slightly higher volume. 

VIX up 1.66 at 31.84

QQQ down 8.07 at 271.87

TRV, V led the DJIA, 2 advancers, -26

RE, WRB, STE, CB, FDX led the SPX, 39 advancers

OKTA, AZN, VRTX led the NDX 3 advancers

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

Up:

Down:  DIA, SPY, IWM, QQQ,

One sector was unchanged, and ten sectors were lower on Thursday, led by of XLE, XLV and XLF.

Energy leaders:  DVN, SLB, FANG, OXY

Health Care leaders:  STE, CRL, ELV, WAT

Financial leaders:  RE, WRB, CB, TRV

Advancers weakened significantly on Thursday as decliners led 2,701 to 552 on the NYSE and led 3,597 to 1,111 on the NASDAQ.

The SPY MFC green line turned up at 6 and is short-term bullish.  SPY opened lower and closed lower.

Uptrend sectors:   XLY,

Neutral sectors:   XLE,

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

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Sideways

3 of 100 NDX stocks closed higher on Thursday

6 NDX stock are above their 30 DMA:   REGN, BIIB, NFLX, ORLY, VRTX, ZS,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 3

MNST, PDD, SBUX,

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SPX Opens Higher, Closes Higher in Broad Rally...BIIB, NFLX Lead NDX...Energy, Communication Services, Discretionary Lead All Sectors Higher...

© 2022

The SPX +71.75 opened higher and closed higher after a six-day selloff back to its June low support area.  SPY, QQQ and IWM each closed above the high of the low day.  Nine NDX stocks crossed above their 30-dma while he MFC green line and the SPX 3-day trend turned up.

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

SPY up 7.15 at 370.53, on 110.8 million shares, above average volume, up on higher volume.

VIX down 2.42 at 30.18

QQQ up 5.46 at 279.94

HD, BA, DIS, CVX led the DJIA, 28 advancers, +18

MPC, VLO, LLY, DINO led the SPX, 486 advancers

BIIB, NFLX, ILMN, MELI led the NDX 94 advancers

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

Up:  IWM, QQQ, SPY, DIA,

Down:

All eleven sectors were higher on Wednesday, led by of XLE, XLC and XLY.

Energy leaders:  MPC, VLO, DINO, HES

Communication Services leaders:  NFLX, GCI, META, DISH

Consumer Discretionary leaders:  CCL, KMX, DHI, ETSY

Advancers strengthened on Wednesday as advancers led 2,850 to 438 on the NYSE and advancers led 3,785 to 973 on the NASDAQ.

The SPY MFC green line turned up at 5.4 and is short-term bullish.  SPY opened higher and closed higher.

Uptrend sectors:   XLY,

Neutral sectors:   XLU, XLE,

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

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up a little

94 of 100 NDX stocks closed higher on Wednesday

9 NDX stock are above their 30 DMA:   REGN, BIIB, MNST, NFLX, ORLY, PDD, SBUX, VRTX, ZS,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 8

BIIB, MNST, NFLX, ORLY, PDD, SBUX, VRTX, ZS,

Moving Below 30 DMA = 0

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SPX Opens Higher Closes Lower, Holds June Support Area...DXY Hits 20 Year High...Energy, Discretionary,

© 2022

The SPX -7.75 higher lower, rolled over after Consumer Confidence and New Home Sales reported better than consensus, trended below its open and closed lower.  Seemingly another example of good news being bad news.  SPY, QQQ and IWM each opened higher and closed lower.

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

SPY down .93 at 363.38, on 108.2 million shares, above average volume, down on higher volume.

VIX up .34 at 32.60

QQQ up .11 at 274.48

CRM, DOW, HD, AAPL led the DJIA, 10 advancers, +6

DINO, FTI, NCLH, MOS, RCL led the SPX, 44 advancers

MU, ABNB, VRTX, TSLA led the NDX 59 advancers

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

Up:  IWM, QQQ,

Down:  SPY, DIA,

Four of eleven sectors were higher on Tuesday, led by of XLE, XLY, XLB and XLK.

Energy leaders:  DINO, FTI, MPC, VLO

Consumer Discretionary leaders:  NCLH, RCL, CCL, ETSY

Materials leaders:  MOS, NUE, ALB, FMC

Technology leaders:  ENPH, MU, ON, CDAY

Advancers strengthened on Tuesday as decliners led 1,684 to 1,579 on the NYSE and advancers led 2,376 to 2,284 on the NASDAQ.

The SPY MFC green line is pointed down at 2.7 and is short-term bearish.  SPY opened higher and closed lower.

Sector direction shifted lower again on Tuesday.

Uptrend sectors:   XLY,

Neutral sectors:   XLU, XLE,

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

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down

59 of 100 NDX stocks closed higher on Tuesday

1 NDX stock are above their 30 DMA:   REGN,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 0

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SPX Opens Lower, Closes Lower...Volatility Jumps...Support Holds...SPY, QQQ, IWM Form Inverted Hammer...Staples Lead Sectors...

© 2022

The SPX -38.19 opened lower, rallied to a positive level during the first hour of trading before peaking, rolling over and closing lower.

SPY, QQQ and IWM each formed an inverted hammer candle and closed below Friday’s close.

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

SPY down 3.27 at 364.31, on 92.5 million shares, above average volume, down on lower volume.

VIX up 2.34 at 32.26

QQQ down 1.14 at 274.37

WMT, AAPL, PG, MMM led the DJIA, 4 advancers, +2

WYNN, LVS, GNRC, WTW led the SPX, 44 advancers

COST, JD, ABNB, AMZN led the NDX 23 advancers

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

Up:

Down:  QQQ, SPY, DIA, IWM,

One of eleven sectors was higher on Monday, led by of XLP, XLY and XLK.

Consumer Staples leaders:  COST, EL, WMT, MNST

Consumer Discretionary leaders:  WYNN, LVS, AMZN, BWA

Technology leaders:  CDNS, TYL, INTU, AAPL

Advancers strengthened on Monday as decliners led 2,710 to 572 on the NYSE and led 3,334 to 1,425 on the NASDAQ.

The SPY MFC green line is pointed down at 3.15 and is short-term bearish.  SPY opened lower and closed lower.

Sector direction shifted lower again on Monday.

Uptrend sectors:   XLY, XLU,

Neutral sectors:   XLE,

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

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

3-month Intermediate Term Market Trend: Down a little

3-day Short Term Market Trend: Down

23 of 100 NDX stocks closed higher on Monday

1 NDX stock are above their 30 DMA:   REGN,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 0

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SPX Falls Near June Low as Broad Selloff Continues...All Sectors Moved Lower as Health Care Smallest Decline...

© 2022

The SPX -64.76 opened lower, trended down within 11 points of its June low, rallied 50 points during the last hour of trading and closed lower.  /ES futures moved lower Thursday night and Friday morning after UK unveiled economic reforms and weak EU economic data.

SPY, QQQ and DIA each formed hammer like candles and closed below Thursday’s close.

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

SPY down 6.27 at 367.95, on 122.3 million shares, above average volume, down on higher volume.

VIX up 2.57 at 29.92

QQQ down 4.56 at 275.51

HD, JNJ led the DJIA, 2 advancers, -7

GNRC DPZ, ALLE, SHW led the SPX, 67 advancers

IDXX, ALGN, ODFL, DLTR led the NDX 12 advancers

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

Up:

Down:  DIA, QQQ, SPY, IWM,

All eleven sectors were lower on Friday, with the smallest decliners XLV, XLU and XLRE.

Health Care leaders:  IDXX, ALGN, XRAY, CRL

Real Estate leaders:  UDR, ARE, REG, EQR

Advancers weakened slightly on Friday as decliners led 2,874 to 409 on the NYSE and led 3,714 to 948 on the NASDAQ.

The SPY MFC green line is pointed down at 5.37 and is short-term bearish.  SPY opened lower and closed lower.

Sector direction shifted lower again on Friday.

Uptrend sectors:   XLY, XLU,

Neutral sectors:   XLE, XLI, XLF,

Down trend sectors:  XLP, XLV, XLK, XLB, XLRE, XLC,

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

3-month Intermediate Term Market Trend: Down a little

3-day Short Term Market Trend: Down

12 of 100 NDX stocks closed higher on Friday

1 NDX stock is above its 30 DMA:   REGN,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 2

NFLX, PDD,

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