© 2022
The SPX -6.31 opened flat, traded in a range, closed
slightly lower and formed a doji at short term support.
Wednesday: GDP report
BMO, Jerome Power speaks 1:30 pm ET
Thursday: Personal incomes & outlays report BMO, ISM Manufacturing
10 am ET, Fed speakers
Friday: Jobs Report
BMO
DXY, /CL, GLD and TNX closed higher, while TLT and moved lower.
SPY down .68 at 395.23, on 52.3 million shares, below average volume, down on lower volume.
VIX down .32 at 21.89
QQQ down 2.14 at 280.57
AXP, DOW, BA, JPM led the DJIA, 17 advancers, +12
CE, CCL, RL, NCLH led the SPX, 279 advancers
JD, PDD, BIDU, NTES led the NDX, 28 advancers
The two-year trend term is up. The
one-year trend down.
Up: IWM,
Down: DIA, SPY, QQQ,
Six of eleven sectors were higher on Tuesday, led by XLRE, XLE and
XLI.
Advancers were strengthened on Tuesday as advancers led 1,822 to 1,333 on the NYSE and decliners
led 2,343 to 2,253 on
the NASDAQ.
The SPY
MFC green line is pointed down at 91.7 and is counter-trend defensive. SPY opened flat and closed lower.
Uptrend sectors: XLE, XLF, XLB,
XLI, XLV,
Neutral sectors: XLP,
Down trend sectors: XLK, XLRE, XLU, XLY, XLC,
The 6-month intermediate
trend is sideways. The ten-day trend is sideways.
3-month Intermediate Term Market
Trend: Sideways
3-day Short Term Market Trend: Down
28 of 100 NDX stocks
closed higher on Tuesday
70
NDX stock are above their 30 DMA: BIIB,
ORLY, GILD, PCAR, AMGN, KHC, PEP, SIRI, HON, ISRG, WBA, BKNG, ADP, CTAS, CSCO,
MRNA, AMAT, CHTR, COST, CSX, IDXX, LRCX, MDLZ, MNST, NVDA, ROST, TMUS, AZN,
LULU, KLAC, FAST, INTC, VRTX, XEL, AEP, EBAY, ADI, ASML, AVGO, CMCSA, MAR,
MCHP, NXPI, ODFL, PAYX, PDD, SBUX, SWKS, TXN, ADBE, ANSS, AMD, ATVI,
CDNS, CPRT, FISV, JD, MRVL, MSFT, MTCH, QCOM, SNPS, VRSN, BIDU, NTES, EXC,
PANW, VRSK, KDP, CTSH,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 6
DXCM, EA, GOOGL, MELI, NFLX,
REGN,
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