© 2022
The SPX -62.18 opened lower, following overnight protests
in China over Covid-19 lockdown policies.
Around noon ET the SPX whipped down, up and down, ultimately
falling more than 30 points after Fed comments by Williams and Bullard on
interest rates.
DXY, TLT, /CL and TNX closed higher, while GLD and moved lower.
SPY down 6.42 at 395.91, on 68.0 million shares, below average volume, down on higher
volume.
VIX up 1.71 at 22.21
QQQ down 4.21 at 282.71
MRK, WMT, CRM, JNJ led the DJIA, 5 advancers, -12
CTLT, WYNN, ULTA, GCI led the SPX, 38 advancers
PDD, NTES, TEAM, ATVI led the NDX, 18 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 Monday.
Advancers were weakened on Monday as decliners led 2,473 to 703 on the NYSE and led 3,450 to 1,245 on the NASDAQ.
The SPY
MFC green line turned
down at 92.8 and is counter-trend
defensive. SPY opened lower
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 down a little.
3-month Intermediate Term Market
Trend: Sideways
3-day Short Term Market Trend: Down a little
18 of 100 NDX stocks
closed higher on Monday
76
NDX stock are above their 30 DMA: BIIB,
ORLY, DXCM, GILD, PCAR, AMGN, KHC, PEP, SIRI, 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, VRTX, XEL, AEP, EBAY, MELI, ADI, ASML, AVGO,
CMCSA, MAR, MCHP, NXPI, ODFL, PAYX, PDD, SBUX, SWKS, TXN, ADBE, ANSS, AMD,
ATVI, CDNS, CPRT, FISV, JD, MRVL, MSFT, MTCH, NFLX, QCOM, SNPS, VRSN, BIDU,
GOOGL, NTES, EXC, PANW, VRSK, KDP, CTSH, REGN,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
REGN,
Moving Below 30 DMA = 2 Friday,
3 Monday
FTNT, ILMN, AAPL, MU, WDAY,
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