© 2023
-SPX -23.91, opened higher, closed lower
after Factory Orders JOLTS reports.
-Bad
news initially led to a good reaction then a reversal after 20 minutes.
-Recession worries reportedly rise.
-VIX closed .15 lower.
-META, CDNS
close at new highs.
-Markets
closed Good Friday April 7.
-Earnings
Season reports on April 14: JPM, C, WFC, BLK, PNC, UNH
GLD and TLT closed higher, while DXY, /CL and TNX
moved lower.
Mega caps AMZN, META, GOOG rose
and MSFT, AAPL, TSLA, NVDA fell.
SPY down 2.28 at 408.67, on 66.6
million shares, below average volume, down on similar volume.
VIX up .45 at 19.00
QQQ down 1.08 at 319.07.
NKE, AMGN, WBA, VZ led the DJIA, 9 advancers, -13
NEM, EXR, NOW, TTWO led the SPX, 115 advancers
EA, WBD, TEAM, AMZN led the NDX, 28 advancers.
The two-year trend term is sideways. The
one-year trend down a little.
Up:
Down: QQQ, SPY, DIA, IWM,
Four of eleven sectors were higher on Tuesday, led by XLU,
XLC and XLRE.
The SPY
MFC green line is pointed up at 81.2 and is short-term bullish. SPY opened higher and closed lower on
a breakout pause.
Uptrend sectors: XLK, XLC,
XLB, XLP, XLI,
Neutral sectors: XLY, XLE, XLF, XLV, XLRE, XLU,
Down trend sectors:
The 6-month intermediate
trend is up. The ten-day trend is up.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Up
28 of 100 NDX stocks
closed higher on Tuesday.
80
NDX stock are above their 30 DMA: META,
SGEN, ANSS, CDNS, NVDA, PANW,
FTNT, CRWD, AVGO, AMD, ATVI, OKTA, VRSK, AAPL,
ILMN, CSCO, INTC, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, AMZN, CPRT,
EA, INTU, ISRG, TXN, VRTX, ASML, AZN, BKNG, LULU, REGN, WDAY, AMGN, BIIB, IDXX,
MNST, NFLX, CTAS, FAST, KDP, GILD, ADI, AEP, AMAT, CMCSA, COST, GFS,
KHC, KLAC, LRCX, ORLY, QCOM, TMUS, TSLA, XEL, DXCM, EXC, MCHP, PYPL, WBA, WBD,
ZM, ADSK, ALGN, CTSH, DLTR, EBAY, FANG, MRNA, RIVN, SBUX, TEAM, BKR, ROST,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 9
ABNB, CHTR, CSX, HON, MRVL, MU, NXPI,
PAYX, PCAR,
Add Comments here:
No comments:
Post a Comment