SPX Continues Selloff Day 4...All Sectors Lower...Changes to NDX, SPX BMO This Morning...

© 2022

On Monday BMO FSLR replaced FBIN and MBC in the S&P 500.  CSGP, RIVN, WBD, GFS, BKR, FANG replaced VRSN, SWKS, SPLK, BIDU, MTCH, DOCU, NTES in the NDX.

The SPX -34.70 opened flat and closed lower on Monday for the fourth straight day as the selloff continued.  VIX was lower at the close.

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

SPY down 3.25 at 380.02, on 79.8 million shares, below average volume, down on lower volume.

VIX down .20 at 22.42

QQQ down 4.50 at 269.75

WBA, CVX, JPM, CRM led the DJIA, 10 advancer, +5

NRG, WFC, DGX, MPC led the SPX, 110 advancers
MELI, JD, PCAR, ROST led the NDX, 13 advancers

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

Up:

Down:  DIA, SPY, IWM, QQQ,

All eleven sectors were lower on Monday, the weakest were XLK, XLY and XLC.

Advancers weakened on Monday as decliners led 2,221 to 932 on the NYSE and led 3,442 to 1,210 on the NASDAQ.

The SPY MFC green line pointed down at 52.4 and is defensive with a potential shift to short-term bearish on Tuesday.  SPY opened flat and closed lower.

Uptrend sectors:   XLV, XLP, XLB, XLI, XLF, XLE, 

Neutral sectors:  XLK, XLU, XLC, XLRE,

Down trend sectors:  XLY,

The 6-month intermediate trend is sideways.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

13 of 100 NDX stocks closed higher on Monday

22 NDX stock are above their 30 DMA:   GILD, AMGN, KHC, NVDA, ROST, AZN, KLAC, XEL, AEP, ADI, AVGO, PDD, ATVI, JD, EXC, META, OKTA, WDAY, ALGN, DDOG, SGEN, MRNA,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 8

ADBE, CSCO, CSX, ISRG, MDLZ, MNST, MSFT, SNPS,

Removed from NDX: BIDU, DOCU, NTES, SPLK VRSN = 5

Add Comments here: