Tuesday, November 22, 2022

SPX Highest Close Since September 12...Energy, Materials, Technology Lead Sectors...MFC Green Line Turns Up...


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The SPX +53.64 opened higher and closed at its highest close since September 12.
The SPX formed a white candle in its six-week uptrend.

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

FOMC minutes released Wednesday at 2:00 pm ET.


SPY up 5.31 at 399.90, on 60.4 million shares, below average volume, up on higher volume.
VIX down 1.07 at 21.29
QQQ up 4.06 at 285.95

INTC, CRM, WBA, DOW led the DJIA, 27 advancers, +8
BBY, A, EQT, SWN led the SPX, 445 advancers
ADI, NVDA, INTU, CHTR led the NDX, 79 advancers

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

UpQQQ, SPY, DIA, IWM
Down:

All eleven sectors were higher on Tuesday, led by XLE, XLB and XLK.

Energy leaders:  EQT, SWN, APA, MPC
Basic Materials leaders:  LYB, FCX, CE, APD,
Technology leaders:  FIS, ADI, NVDA, INTU

Advancers strengthened on Tuesday as advancers led 2,364 to 808 on the NYSE and led 2,829 to 1,8459 on the NASDAQ.

The SPY MFC green line turned up at 88.4 and is short-term bullishSPY opened higher, closed higher and formed a white candle.

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 up.

3-month Intermediate Term Market Trend: Down
3-day Short Term Market TrendUp


79 of 100 NDX stocks closed higher on Tuesday

80 NDX stock are above their 30 DMA:   BIIB, ORLY, DXCM, GILD, PCAR, AMGN, KHC, PEP, SIRI, ILMN, EA, HON, ISRG, WBA, BKNG, ADP, CTAS, CSCO, MRNA, AMAT, CHTR, COST, CSX, IDXX, LRCX, MDLZ, MNST, NVDA, ROST, TMUS, AZN, LULU, KLAC, FAST, INTC, MU, VRTX, XEL, AEP, EBAY, MELI, ADI, ASML, AVGO, CMCSA, MAR, MCHP, NXPI, ODFL, PAYX, PDD, SBUX, SWKS, TXN, ADBE, ANSS, AAPL, ADSK, AMD, ATVI, CDNS, CPRT, FISV, JD, MRVL, MSFT, MTCH, NFLX, QCOM, SNPS, VRSN,  BIDU, GOOGL, NTES, REGN, EXC, PANW, VRSK, KDP, CTSH,

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 1
CTSH,


Moving Below 30 DMA = 2
DLTR, ZM,




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