© 2022
The SPX +43.05 opened
higher, trended up and closed higher in broad rally on day four of a support
bounce. Tuesday the August CPI report
will be released at 8:30 am ET, with M/M consensus -0.1% prior 0.0% and Y/Y consensus
8.0% prior 8.5%.
/CL, GLD and TNX closed higher, while DXY and TLT moved
lower.
SPY up 4.37 at 410.97, on 69.2 million shares, above average volume, up on lower volume.
VIX up 1.08 at 23.87
QQQ up 3.65 at 310.74
AAPL, AXP, CRM, CVX led the DJIA, 27 advancers, +3
APA, ZBH, DVN, PXD led the SPX, 423 advancers
LCID, SPLK, FTNT, GILD led the NDX 80 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 Monday, led by XLE, XLK and XLY.
Energy leaders: APA, DVN, PXD, HES
Technology leaders: FTNT, AAPL, GPN, HPE
Consumer Discretionary leaders: ETSY, CZR, APTV, MGM
Advancers weakened slightly on Monday
as advancers led 2,428 to 769 on the NYSE and advancers led 2,975 to 1,669 on the NASDAQ.
The SPY
MFC green line turned up at 29.7 and is short-term bullish. SPY opened higher and closed higher
for a fourth straight day.
Uptrend sectors: XLY, XLU,
XLI, XLP, XLRE, XLF, XLV, XLK,
Neutral sectors: XLE, XLC, XLB,
Down trend sectors:
The 6-month intermediate
trend is down a little. The ten-day trend is up a little.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Up
80 of 100 NDX stocks
closed higher on Monday
41 NDX stocks are above their 30 DMA: ROST,
PANW, PDD, GILD, AEP, LULU, ABNB, CTAS, DXCM, JD, ORLY, PYPL, SBUX, TMUS, WDAY,
XEL, EXC, MAR, REGN, VRTX, BIDU, BIIB, BKNG, CRWD, FISV, FTNT, MELI, META,
MNST, NFLX, TEAM, TSLA, ZS, AMZN, COST, CSCO, DOCU, EA, IDXX, ILMN, MTCH,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 8
AMZN, COST, CSCO, DOCU, EA,
IDXX, ILMN, MTCH,
Moving Below 30 DMA = 1
AMGN,
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