© 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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