Stocks Fall and VIX Jumps after CPI Miss and Bullard's Hawkish Comments...Breadth Weakens as All Sectors Move Lower...

 
© 2022
 
 
SPX, NDX, DJI and RUT opened lower, after the CPI report came high at 7.5% vs.7.3% estimate, rallied after the open to near even.  Mid-morning after hawkish comments from James Bullard the market sold off sharply for the balance of the day.  Futures are trading lower during the evening.
 
 
Earnings Reports:
Positive reactions: MAT, SONO, DIS, MGM, TWLO OMC, ENPH, CMG, PAYC, DD, TSN, AMZN, SNAP, PINS, NLOK, FTNT, AON, CBOE, BMY, TMUS, BDX, RL, HSY, GOOGL, AMD, ODFL, MTCH, HUM, HWM, ABBV, DHI, XOM, CTLT, NXPI, PHM, OTIS, V, CHTR, WY, CHD, NOW, BLL, STX, PKG, DOW, NUE, URI, AMP, MA, TSCO, RJF, GLW, MSFT, TXN, ZION, AXP, JNJ, RTX, LMT, PCAR, HAL, TRV, BKR, AA, UNP, PG, MS, WFC,
Neutral reactions: REGN, CAH, CMI, ICE, SWK, BEN, ARE, TT, CL, LYB, VLO, VRTX, CMCSA, MCD, GD, APH, MMM, IVZ, ADM, VZ, INFO, KMI, BAC, UNH, JBHT, PLD, FAST, TFC
Negative reactions: AFRM, UBER, MGM, CVS, CDW, FISV, SPG, ZBH, CLX, F, APD, RCL, ETN, FB, XYL, QRVO, SHOP, FTV, HON, LNC, CI, EL, MRK, LLY, COP, BIIB, PYPL, SBUX, BR, LHX, SYF, VFC, CVX, CAT, PSX, TER, TSLA, INTC, LRCX, WHR, LVS, XLNX, CCI, FFIV, BA, FCX, COF, ABT, ADP, ANTM, HES, KMB, MKTX NDAQ NSC, PGR ROL, T, TEL, NFLX, SIVB, HBAN, ISRG, PBCT, CSX, PPG, SLB, RF, MTB, NTRS, FITB, KEY, AAL, DFS, UAL, USB, STT, CFG, CMA, BK, GS, PNC, SBNY, SCHW, TFC, C, BLK, FRC, JPM
 
 
SPY down 8.22 at 449.32, on 140.1 million shares, above average volume, down on higher volume.
VIX up 3.95 at 23.91
QQQ down 8.30 at 358.43
 
 
DIS, BA, KO, MRK led the DJIA, 4 advancers, -19
K, IFF, SWN, MOS led the SPX, 65 advancers.
DDOG, MU, TEAM, ORLY led the NDX, 12 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:   
Down:  DIA, IWM, SPY, QQQ,
 
All eleven sectors were lower on Thursday, as XLB, XLE and XLF were down the least.
 
Basic Materials leaders: IFF, MOS, LIN, NUE
Energy leaders: SWN, FANG, VLO, CTRA
Financial leaders: MCO, ZION, SBNY, LNC
 
Advancers weakened on Thursday as decliners led 2,535 to 856 on the NYSE and led 3,292 to 1,451 on the NASDAQ.
 
The SPY MFC green line is turned up at 50.6 and is bullish.  SPY closed below its 30 DMA. 
 
 
Uptrend sectors:  XLE, XLP, XLU,
Neutral sectors: XLF, XLI, XLB, XLRE, XLV, XLK,
Down trend sectors: XLY, XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Sideways
 
12 of 100 NDX stocks closed higher on Thursday.
 
36 NDX stocks are above their 30 DMA:  VRTX, CERN, KDP, ATVI, EXC, BKNG, INCY, BIDU, FISV, JD, SIRI, EA, GOOGL, XLNX, TMUS, AMZN, DDOG, MAR, CHTR, CTSH, DLTR, AAPL, ABNB, AMGN, COST, FTNT, NTES, PDD, ZS, ALGN, CRWD, MELI, PANW, REGN, TEAM, MU,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 1
MU,
 
Moving Below 30 DMA = 13
ADI, AMD, AVGO, INTU, MDLZ, MRVL, NVDA, PCAR, QCOM, SGEN, SNPS, SPLK, XEL,
 
 
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NDX, RUT, SPX Open Higher and Close Higher as VIX Falls...OMC, ENPH, CMG Lead SPX...Broad Rally as All Sectors Rise...

 
 
© 2022
 
 
SPX, NDX and RUT opened higher and rose steadily on Wednesday and closed higher.  CPI report is Thursday BMO at 8:30 am ET.  The consensus estimate is 7.3%.
 
 
After-hours earnings reactions:  TWLO, MAT, DIS, SONO, UBER, ORLY, MGM gap up.
 
Earnings season Q4:
Earnings reactions: OMC +11.20, +14.19%, ENPH +17.39, +12.03%, CMG +148.39, +10.16%, FISV -6.04, -5.45%
 
Earnings Reports:
Positive reactions: OMC, ENPH, CMG, PAYC, DD, TSN, AMZN, SNAP, PINS, NLOK, FTNT, AON, CBOE, BMY, TMUS, BDX, RL, HSY, GOOGL, AMD, ODFL, MTCH, HUM, HWM, ABBV, DHI, XOM, CTLT, NXPI, PHM, OTIS, V, CHTR, WY, CHD, NOW, BLL, STX, PKG, DOW, NUE, URI, AMP, MA, TSCO, RJF, GLW, MSFT, TXN, ZION, AXP, JNJ, RTX, LMT, PCAR, HAL, TRV, BKR, AA, UNP, PG, MS, WFC,
Neutral reactions: REGN, CAH, CMI, ICE, SWK, BEN, ARE, TT, CL, LYB, VLO, VRTX, CMCSA, MCD, GD, APH, MMM, IVZ, ADM, VZ, INFO, KMI, BAC, UNH, JBHT, PLD, FAST, TFC
Negative reactions: CVS, CDW, FISV, SPG, ZBH, CLX, F, APD, RCL, ETN, FB, XYL, QRVO, SHOP, FTV, HON, LNC, CI, EL, MRK, LLY, COP, BIIB, PYPL, SBUX, BR, LHX, SYF, VFC, CVX, CAT, PSX, TER, TSLA, INTC, LRCX, WHR, LVS, XLNX, CCI, FFIV, BA, FCX, COF, ABT, ADP, ANTM, HES, KMB, MKTX NDAQ NSC, PGR ROL, T, TEL, NFLX, SIVB, HBAN, ISRG, PBCT, CSX, PPG, SLB, RF, MTB, NTRS, FITB, KEY, AAL, DFS, UAL, USB, STT, CFG, CMA, BK, GS, PNC, SBNY, SCHW, TFC, C, BLK, FRC, JPM
 
 
SPY up 6.60 at 457.54, on 92.5 million shares, below average volume, up on higher volume.
VIX down 1.48 at 19.96
QQQ up 7.61 at 366.73
 
 
DIS, INTC, MSFT, CRM led the DJIA, 23 advancers, +0
OMC, ENPH, CMG, PAYC led the SPX, 424 advancers.
MELI, MRNA, NVDA, ALGN led the NDX, 92 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:  QQQ, IWM, SPY, DIA,
Down: 
 
All eleven sectors were higher on Wednesday, led by XLC, XLRE and XLK.
 
Communication Services leaders: OMC, FOXA, IPG, DISCA
Real Estate leaders: EQIX, ESS, EQR, AVB
Technology leaders: ENPH, PAYC, SEDG, FLT
 
Advancers strengthened on Wednesday as advancers led 2,400 to 916 on the NYSE and led 3,340 to 1,350 on the NASDAQ.
 
The SPY MFC green line is turned up at 49.7 and is bullish.  SPY bounced above its 30 DMA. 
 
 
Uptrend sectors:  XLE, XLP, XLU,
Neutral sectors: XLF, XLI, XLB, XLRE, XLV, XLK,
Down trend sectors: XLY, XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Up
 
92 of 100 NDX stocks closed higher on Wednesday.
 
48 NDX stocks are above their 30 DMA:  VRTX, CERN, KDP, ATVI, PCAR, EXC, XEL, BKNG, INCY, BIDU, FISV, JD, SIRI, EA, GOOGL, MDLZ, XLNX, TMUS, AMZN, DDOG, MAR, SPLK, CHTR, CTSH, DLTR, SGEN, AAPL, ABNB, AMGN, COST, FTNT, NTES, PDD, QCOM, ZS, ADI, ALGN, AMD, AVGO, CRWD, INTU, MELI, MRVL, NVDA, PANW, REGN, SNPS, TEAM,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 13
ADI, ALGN, AMD, AVGO, CRWD, INTU, MELI, MRVL, NVDA, PANW, REGN, SNPS, TEAM,
 
Moving Below 30 DMA = 1
AEP,
 
 
 
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RUT, NDX, DJI, SPX Rise...Materials, Discretionary, Financial Lead Sectors...

 
 
© 2022
 
 
SPX, NDX, DJI and RUT opened slightly higher to flat, traded in a range for about an hour before shifting into an uptrend.  All four indexes closed higher on Tuesday. 
 
 
Earnings reactions: DD +4.76, +6.32%, FISV -6.35, -6.00%
 
 
Earnings season Q4:
 
Earnings Reports:
Positive reactions: DD, TSN, AMZN, SNAP, PINS, NLOK, FTNT, AON, CBOE, BMY, TMUS, BDX, RL, HSY, GOOGL, AMD, ODFL, MTCH, HUM, HWM, ABBV, DHI, XOM, CTLT, NXPI, PHM, OTIS, V, CHTR, WY, CHD, NOW, BLL, STX, PKG, DOW, NUE, URI, AMP, MA, TSCO, RJF, GLW, MSFT, TXN, ZION, AXP, JNJ, RTX, LMT, PCAR, HAL, TRV, BKR, AA, UNP, PG, MS, WFC,
Neutral reactions: REGN, CAH, CMI, ICE, SWK, BEN, ARE, TT, CL, LYB, VLO, VRTX, CMCSA, MCD, GD, APH, MMM, IVZ, ADM, VZ, INFO, KMI, BAC, UNH, JBHT, PLD, FAST, TFC
Negative reactions: FISV, SPG, ZBH, CLX, F, APD, RCL, ETN, FB, XYL, QRVO, SHOP, FTV, HON, LNC, CI, EL, MRK, LLY, COP, BIIB, PYPL, SBUX, BR, LHX, SYF, VFC, CVX, CAT, PSX, TER, TSLA, INTC, LRCX, WHR, LVS, XLNX, CCI, FFIV, BA, FCX, COF, ABT, ADP, ANTM, HES, KMB, MKTX NDAQ NSC, PGR ROL, T, TEL, NFLX, SIVB, HBAN, ISRG, PBCT, CSX, PPG, SLB, RF, MTB, NTRS, FITB, KEY, AAL, DFS, UAL, USB, STT, CFG, CMA, BK, GS, PNC, SBNY, SCHW, TFC, C, BLK, FRC, JPM
 
 
SPY up 3.68 at 450.94, on 81.0 million shares, below average volume, up on lower volume.
VIX down 1.42 at 21.44
QQQ up 3.99 at 359.12
 
 
AMGN, AXP, UNH, DOW led the DJIA, 23 advancers, +7
ZBH, ABMD, DD, NLOK led the SPX, 376 advancers.
PDD, MRVL, BIDU, NTES led the NDX, 83 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:  IWM, QQQ, DIA, SPY,  
Down: 
 
Eight of eleven sectors were higher on Tuesday, led by XLB, XLY and XLF.
 
Basic Materials leaders: DD, FCX, WRK, NUE
Consumer Discretionary leaders: RCL, CCL, RL, BBWI
Financial leaders: SBNY, PFG, DFS, HIG
 
Advancers strengthened on Tuesday as advancers led 2,027 to 1,313 on the NYSE and led 2,981 to 1,754 on the NASDAQ.
 
The SPY MFC green line is turned down at 49.6 and is short-term bearish.  SPY is holding above Friday's support low. 
 
 
Uptrend sectors:  XLE, XLP, XLU,
Neutral sectors: XLF, XLI, XLB, XLRE, XLV, XLK,
Down trend sectors: XLY, XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Sideways
 
83 of 100 NDX stocks closed higher on Tuesday.
 
34 NDX stocks are above their 30 DMA:  VRTX, CERN, KDP, ATVI, PCAR, EXC, XEL, BKNG, BIDU, JD, SIRI, EA, GOOGL, MDLZ, XLNX, TMUS, AMZN, DDOG, MAR, SPLK, AEP, CHTR, CTSH, DLTR, SGEN, AAPL, ABNB, AMGN, COST, FTNT, NTES, PDD, QCOM, ZS,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 9
AAPL, ABNB, AMGN, COST, FTNT, NTES, PDD, QCOM, ZS,
 
Moving Below 30 DMA = 1
REGN,
 
 
 
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NDX, SPX Close Lower, Energy, Financial and Staples Lead Sectors...

 
© 2022
 

SPX, NDX, DJI and RUT opened slightly higher to flat, traded in a range for the balance of the day with a pullback during the last 45 minutes of the trading day.  SPX, NDX closed lower while the DJI was unchanged, and RUT closed higher. 
 
Earnings reactions: TSN +10.80, +12.23%, ZBH -11.16, -9.09%
 
 
Earnings season Q4:
 
Earnings Reports:
Positive reactions: TSN, AMZN, SNAP, PINS, NLOK, FTNT, AON, CBOE, BMY, TMUS, BDX, RL, HSY, GOOGL, AMD, ODFL, MTCH, HUM, HWM, ABBV, DHI, XOM, CTLT, NXPI, PHM, OTIS, V, CHTR, WY, CHD, NOW, BLL, STX, PKG, DOW, NUE, URI, AMP, MA, TSCO, RJF, GLW, MSFT, TXN, ZION, AXP, JNJ, RTX, LMT, PCAR, HAL, TRV, BKR, AA, UNP, PG, MS, WFC,
Neutral reactions: REGN, CAH, CMI, ICE, SWK, BEN, ARE, TT, CL, LYB, VLO, VRTX, CMCSA, MCD, GD, APH, MMM, IVZ, ADM, VZ, INFO, KMI, BAC, UNH, JBHT, PLD, FAST, TFC
Negative reactions: ZBH, CLX, F, APD, RCL, ETN, FB, XYL, QRVO, SHOP, FTV, HON, LNC, CI, EL, MRK, LLY, COP, BIIB, PYPL, SBUX, BR, LHX, SYF, VFC, CVX, CAT, PSX, TER, TSLA, INTC, LRCX, WHR, LVS, XLNX, CCI, FFIV, BA, FCX, COF, ABT, ADP, ANTM, HES, KMB, MKTX NDAQ NSC, PGR ROL, T, TEL, NFLX, SIVB, HBAN, ISRG, PBCT, CSX, PPG, SLB, RF, MTB, NTRS, FITB, KEY, AAL, DFS, UAL, USB, STT, CFG, CMA, BK, GS, PNC, SBNY, SCHW, TFC, C, BLK, FRC, JPM
 
 
SPY down 1.44 at 447.26, on 84.4 million shares, below average volume, down on lower volume.
VIX down .36 at 22.86
QQQ down 2.88 at 355.13
 
 
BA, CVX, AXP, KO led the DJIA, 16 advancers, +7
TSN, RCL, NCLH, CCL led the SPX, 252 advancers.
ALGN, SGEN, MAR, NVDA led the NDX, 38 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:  IWM, DIA,
Down:  SPY, QQQ,  
 
Five of eleven sectors were higher on Monday, led by XLE, XLF and XLP.
 
Energy leaders: SLB, BKR, VLO, MPC
Financial leaders: ALL, TROW, FITB, WFC
Consumer Staples leaders: TSN, CLX, LW, SYY
 
Advancers were mixed on Monday as advancers led 1,801 to 1,570 on the NYSE and led 2,758 to 1,991 on the NASDAQ.
 
The SPY MFC green line is turned down at 50.3 and is defensive.  SPY opened slightly higher and closed lower on Monday. 
 
 
Uptrend sectors:  XLE, XLP, XLU,
Neutral sectors: XLF, XLI, XLB, XLRE, XLV, XLK,
Down trend sectors: XLY, XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up a little.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Down a little
 
38 of 100 NDX stocks closed higher on Monday.
 
26 NDX stocks are above their 30 DMA:  VRTX, CERN, KDP, ATVI, PCAR, EXC, XEL, BKNG, INCY, BIDU, FISV, JD, SIRI, EA, GOOGL, MDLZ, REGN, XLNX, TMUS, AMZN, DDOG, MAR, SPLK, AEP, CHTR, CTSH, DLTR, SGEN,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 5
AEP, CHTR, CTSH, DLTR, SGEN,
 
Moving Below 30 DMA = 3
AAPL, NTES, QCOM,
 
 
 
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