SPX, DJI, NDX, RUT Gap Lower Open, Close Higher...HD, TRV Leads DJI...Discretionary, Communication Services Lead Sectors...

  
© 2022
 

SPX, DJI, NDX and RUT gapped lower on the open, reversed just after mid-day and closed higher on Monday in a key day reversal.  SPX, NDX, DJI and RUT formed a long tail hammer.  Monday has the characteristics of a capitulation bottom. 

FOMC meeting Tuesday and Wednesday, announcement 2 pm ET Wednesday.
 
IBM +3.17, +2.46% gapped up on a positive earnings reaction after the close.
 
SPX closed at 4,410, +12.19.
NDX closed at 14,509, +71.18.
 
 
Earnings season Monday EPS reports from HAL BMO and IBM, ZION and BRO AMC.
Earnings Reports:
Positive reactions: HAL, TRV, BKR, AA, UNP, PG, MS, WFC,
Neutral reactions: INFO, KMI, BAC, UNH, JBHT, PLD, FAST, TFC
Negative reactions: 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 1.86 at 439.84, on 252.4 million shares, above average volume, up on higher volume.   
VIX up 1.05 at 29.90
QQQ up 1.61, +0.46% at 353.30
 
HD, TRV, NKE, CRM led the DJIA, 13 advancers, +10
GPS, BBWI, GNRC, PAYC led the SPX, 314 advancers.
PTON, DDOG, TEAM, SPLK led the NDX, 67 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 Monday, led by XLY, XLC and XLE.
 
Consumer Discretionary leaders: GPS, BBWI, CZR, BBY
Communication Services leaders: TMUS, VIAC, FOXA, DISCA 
Energy leaders: DVN, HAL, SWN, EOG
 
Advancers strengthened on Monday as decliners led 1,971 to 1,519 on the NYSE and led 2,570 to 2,387 on the NASDAQ.
 
The SPY MFC green line is pointed down at 13.0 and is short-term bearish.  SPY fell to its October low and bounced forming a long tail hammer. 
 
 
Uptrend sectors:  XLE, XLP, XLU,
Neutral sectors: XLF, XLI, XLB, XLRE, XLV, XLK, XLY,
Down trend sectors: XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
 
67 of 100 NDX stocks closed higher on Monday.
 
20 NDX stocks are above their 30 DMA:  VRTX, PEP, AEP, AMGN, WBA, CERN, MDLZ, INCY, KDP, CHKP, ATVI, EXC, KHC, PCAR, BIDU, SPLK, EA, JD, PDD, CMCSA,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
CMCSA,
 
Moving Below 30 DMA = 1
 XEL,
 
 
 
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SPX, NDX, RUT Close Below 3-month Low as Selloff Continues...NFLX Leads NDX, SPX Lower on a Negative EPS Reaction...Staples Leads Sectors...

 
© 2022
 

SPX, DJI, NDX and RUT opened lower and closed lower on Friday after a morning rally where each of the indexes had turned positive.  SPX, NDX and RUT closed below their 3-month low.  NFLX -110.75, -21.79% gapped down on a negative earnings reaction and led both the NDX and SPX lower.
 
 
Chart Signals has been short-term bearish since Wednesday and defensive since a week ago on Thursday, January 13.
 
 
SPX closed at 4,397 -84.79.
NDX closed at 14,438, -408.06.
 
 
Earnings season Friday EPS reports from SLB, HBAN and INFO BMO.
Earnings Reports:
Positive reactions: TRV, BKR, AA, UNP, PG, MS, WFC,
Neutral reactions: INFO, KMI, BAC, UNH, JBHT, PLD, FAST, TFC
Negative reactions: 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 8.77 at 437.98, on 202.2 million shares, above average volume, down on higher volume.   
VIX up 3.26 at 28.85
QQQ down 10.03, -2.77% at 351.69
 
MCD, PG, NKE, INTC led the DJIA, 3 advancers, -1
VTR, VFC, BKR, KMX led the SPX, 97 advancers.
PTON, TXN, XLNX, REGN led the NDX, 16 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: 
Down:  DIA, IWM, SPY, QQQ,
 
One of eleven sectors was higher on Friday, led by XLP, XLRE and XLU.
 
Consumer Staples leaders: CLX, SJM, CHD, KMB
Real Estate leaders: VTR, CBRE, IRM, WELL 
Utilities leaders: NRG, ED, DUK, ES
 
Advancers weakened on Friday as decliners led 2,765 to 679 on the NYSE and led 3,985 to 905 on the NASDAQ.
 
The SPY MFC green line is pointed down at 16.7 and is short-term bearish.  SPY closed below December’s low and continues to move towards its October low. 
 
 
Uptrend sectors:  XLE, XLP, XLU,
Neutral sectors: XLF, XLI, XLB, XLRE, XLV, XLK, XLY,
Down trend sectors: XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
 
16 of 100 NDX stocks closed higher on Friday.
 
20 NDX stocks are above their 30 DMA:  VRTX, XEL, PEP, AEP, AMGN, WBA, CERN, MDLZ, INCY, KDP, CHKP, ATVI, EXC, KHC, PCAR, BIDU, SPLK, EA, JD, PDD,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 0
 
Moving Below 30 DMA = 4
BKNG, CMCSA, FISV, NTES,
 
 
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DJI, SPX, NDX, RUT Open Higher, Close Lower for Second Day...Utilities Lead Sectors...TRV Leads DJI...

 
© 2022
 

SPX, DJI, NDX and RUT opened higher and closed lower on Thursday after an afternoon sell-off following an announcement that a Senate panel had approved antitrust legislation against big tech platforms favoring their own products over competitors.  Such legislation is directed toward AAPL, GOOGL and AMZN.
 
SPX closed at 4,482 -50.03.
NDX closed at 14,846, -201.39.
 
 
Earnings season Thursday EPS reports from AAL, BKR, FITB, KEY, MTB, NTRS, RF, TRV, UNP BMO and NFLX, CSX, ISRG, PBCT, SIVB, PPG AMC.
Q4 Earnings Reports:
Positive reactions: TRV, BKR, AA, UNP, PG, MS, WFC,
Neutral reactions: KMI, BAC, UNH, JBHT, PLD, FAST, TFC
Negative reactions: RF, MTB, NTRS, FITB, KEY, AAL, DFS, UAL, USB, STT, CFG, CMA, BK, GS, PNC, SBNY, SCHW, TFC, C, BLK, FRC, JPM
 
 
SPY down 5.00 at 446.75, on 122.3 million shares, above average volume, down on higher volume.   
VIX up 1.74 at 25.59
QQQ down 4.76, -1.30% at 361.72
 
TRV, GS, UNH, PG led the DJIA, 4 advancers, -5
MS, BKNG, MTCH, FFIV, led the SPX, 79 advancers.
JD, BIDU, MELI PDD led the NDX, 19 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: 
Down:  DIA, SPY, QQQ, IWM,
 
One of eleven sectors was higher on Thursday, led by XLU, XLF and XLV.
 
Utilities leaders: NEE, EXC, LNT, AEE
Financials leaders: MS, TRV, BK, WRB 
Health Care leaders: HUM, ANTM, PFE, ZTS
 
Advancers weakened on Thursday as decliners led 2,506 to 855 on the NYSE and led 3,414 to 1,340 on the NASDAQ.
 
The SPY MFC green line is pointed down at 26.7 and is short-term bearish.  SPY closed below December’s low. 
 
 
Uptrend sectors:  XLE, XLF, XLP, XLU, XLI, XLB, XLRE, XLV, XLK,
Neutral sectors: XLY,
Down trend sectors: XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
 
19 of 100 NDX stocks closed higher on Thursday.
 
24 NDX stocks are above their 30 DMA:  VRTX, XEL, PEP, AEP, AMGN, WBA, CERN, MDLZ, INCY, KDP, CHKP, ATVI, BKNG, EXC, FISV, KHC, PCAR, CMCSA, BIDU, SPLK, EA, NTES, JD, PDD,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 0
 
 
Moving Below 30 DMA = 4
HON, ILMN, INTC, LCID, 

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SPX, NDX, DJI Open Higher, Close Lower...Staples, Utilities Lead Sectors...

 
© 2022
 

SPX, DJI, NDX and RUT opened higher and closed lower on Wednesday after a last hour sell-off prior to President Biden’s first press conference since November.
 
SPX closed at 4,532 -44.35.
NDX closed at 15,047, -162.92.
 
 
Earnings season Wednesday EPS reports from BAC, PLD, USB, MS, CMA, STT, PG, FAST, CFG, UNH BMO and DFS, KMI, UAL AMC.
Q4 Earnings Reports:
Positive reactions: PG, MS, WFC,
Neutral reactions: BAC, UNH, JBHT, PLD, FAST, TFC
Negative reactions: USB, STT, CFG, CMA, BK, GS, PNC, SBNY, SCHW, TFC, C, BLK, FRC, JPM
 
 
SPY down 4.74 at 451.75, on 109.3 million shares, above average volume, down on similar volume.   
VIX up 1.06 at 23.85
QQQ down 4.07, -1.10% at 366.48
 
PG, WMT, UNH, MSFT led the DJIA, 9 advancers,
TTWO, NEM, CTXS, GCI led the SPX, 117 advancers.
PTON, PDD, PANW, EA led the NDX, 36 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: 
Down:  DIA, SPY, QQQ, IWM,
 
Two of eleven sectors were higher on Wednesday, led by XLP, XLU and XLC.
 
Consumer Staples leaders: PG, KMB, CL, WMT
Utilities leaders: NEE, PNW, EXC, D  
Communication Services leaders: TTWO, GCI, EA, NFLX
 
Advancers strengthened on Wednesday as decliners led 2,321 to 1,064 on the NYSE and led 3,178 to 1,540 on the NASDAQ.
 
The SPY MFC green line is pointed down at 39.7 and is short-term bearish.  SPY closed below last week’s support low. 
 
 
Uptrend sectors:  XLE, XLF, XLP, XLU, XLI, XLB, XLRE, XLV, XLK,
Neutral sectors: XLY,
Down trend sectors: XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
 
36 of 100 NDX stocks closed higher on Wednesday.
 
28 NDX stocks are above their 30 DMA:  VRTX, XEL, PEP, AEP, AMGN, WBA, CERN, MDLZ, INCY, KDP, CHKP, ATVI, BKNG, EXC, FISV, INTC, KHC, PCAR, CMCSA, HON, BIDU, SPLK, EA, ILMN, NTES, JD, PDD, LCID,

 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
LCID,
 
Moving Below 30 DMA = 2
CTSH, MU,
 
 
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SPX, DJI, NDX, RUT Open and Close Lower as TNX Moves Higher...Volatility Jumps...MSFT to Buy ATVI...

 
© 2022

 
SPX, DJI, NDX and RUT opened lower and closed lower on Tuesday after pre-market sell-off in futures as the TNX rose to its highest level in over two years.  MSFT to buy ATVI.
 
SPX closed at 4,577 -85.74.
NDX closed at 15,210, -400.84.
 
 
Earnings season Tuesday EPS reports from MS, BK, PNC, SBNY, SCHW, TFC BMO and JBHT AMC.
Q4 Earnings Reports:
Positive reactions: WFC,
Neutral reactions: TFC
Negative reactions: BK, GS, PNC, SBNY, SCHW, TFC, C, BLK, FRC, JPM
 
 
SPY down 8.23 at 456.49, on 109.8 million shares, above average volume, down on higher volume.   
VIX up 3.60 at 22.79
QQQ down 9.46, -1.77% at 370.55
 
V, CAT, CVX, VZ led the DJIA, 7 advancers,
CTXS, XOM, OXY, LLY led the SPX, 56 advancers.
ATVI, EA, PDD, ZS led the NDX, 7 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:  
Down:  DIA, SPY, QQQ, IWM,
 
One of eleven sectors was higher on Tuesday, led by XLE, XLRE and XLI.
 
Energy leaders: XOM, OXY, WMB, COP
Real Estate leaders: PLD, PEAK, DLR,  
Industrials leaders: DE, PNR, LMT, CHRW
 
Advancers weakened on Tuesday as decliners led 2,910 to 527 on the NYSE and led 3,993 to 809 on the NASDAQ.
 
The SPY MFC green line is pointed down at 52.7 and is defensive.  SPY closed at last week’s support low. 
 
 
Uptrend sectors:  XLE, XLF, XLP, XLU, XLI, XLB, XLRE, XLV, XLK,
Neutral sectors: XLY,
Down trend sectors: XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
 
7 of 100 NDX stocks closed higher on Tuesday.
 
29 NDX stocks are above their 30 DMA:  MU, VRTX, XEL, PEP, AEP, AMGN, CTSH, WBA, CERN, MDLZ, INCY, KDP, CHKP, ATVI, BKNG, EXC, FISV, INTC, KHC, PCAR, CMCSA, HON, BIDU, SPLK, EA, ILMN, NTES, JD, PDD,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 0
 
 
Moving Below 30 DMA = 10
AMAT, BIIB, CSCO, GILD, KLAC, LCID, LRCX, MAR, QCOM, TSLA,
 
 
 
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