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Nasdaq Composite Index CFD

Daily Market Update for 2/17Summary: The Ukraine crisis continues to shift and cause volatility in the market. Safe haven metals and defensive sector stocks benefited from the investor flight to safety. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Thursday, February 17, 2022 Facts: -2.88%, Volume higher, Closing Range: 4%, Body: 91% Red Good: Nothing Bad: Distribution day, closing range, advance/decline ratio Highs/Lows: Lower high, Lower low Candle: Mostly red body, tiny upper and lower wicks. Advance/Decline: 0.32, three declining for every advancing stock Indexes: SPX (-2.12%), DJI (-1.78%), RUT (-2.46%), VIX (+15.73%) Sector List: Consumer Staples (XLP +0.77%) and Utilities (XLU +0.06%) at the top. Consumer Discretionary (XLY -2.68%) and Technology (XLK -2.99%) at the bottom. Expectation: Sideways or Lower -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview The Ukraine crisis continues to shift and cause volatility in the market. Safe haven metals and defensive sector stocks benefited from the investor flight to safety. The Nasdaq declined -by 2.88%. Volume was higher than the previous day but lower than the 50-day average volume. The candle is 91% red body with tiny upper and lower wicks. The selling was steady throughout the day, leaving the candle with a 4% closing range. There were three stocks that declined for every advancing stock. The Nasdaq had the largest loss, weighed down by big tech. The Russell 2000 (RUT) was next, giving up -2.36% today. The S&P 500 (SPX) declined -by 2.12% and the Dow Jones Industrial Average (DJI) lost -1.78%. The VIX Volatility Index (VIX) gained +15.73%. Only two defensive sectors gained for the day, Consumer Staples (XLP +0.77%) and Utilities (XLU +0.06%). The worst-performing sectors were Consumer Discretionary (XLY -2.68%) and Technology (XLK -2.99%). Building Permits for January were higher than expected while Housing Starts were lower than expected. The Philadelphia Fed Manufacturing Index for February was at 16, short of the forecasted 20. Weekly Initial Jobless Claims were higher than forecast. There were 248,000 claims compared to the expected 219,000. The US Dollar index (DXY) was nearly flat, climbing just +0.02%. US Treasury Yields all declined and the curve flatted a bit on the near-term economic worries. High Yield (HYG) Corporate Bond prices declined while Investment Grade (LQD) Corporate Bond prices advanced. Gold prices rose sharply, gaining +1.56% today. Silver gained +1.08%. The put/call ratio (PCCE) declined to 0.846. The CNN Fear & Greed index is still in the Fear range. The NAAIM Money Manager Exposure Index dropped to 53.49 from 66.8 the previous week. All big six mega-caps declined for the day. Tesla (TSLA) dropped the most, declining -by 5.09%. Meta (FB) lost -4.08% and dropped below Taiwan Semiconductor (TSM) in market capitalization. The big six will exchange Nvidia (NVDA) for Meta (FB) starting next week, but TSM may pass Nvidia. Walmart (WMT) was the top mega-cap, gaining +4.01% after an earnings beat and surprisingly positive outlook. Nvidia (NVDA) held above TSM in market cap despite declining by -7.56% today and landing at the bottom of the mega-cap list. DoorDash (DASH) soared to the top of the Daily Update Growth List, gaining +10.69% after revealing strong growth in orders and providing positive guidance. Only two stocks in the growth list gained. The rest of the list saw some huge losses. Fastly (FSLY) dropped -33.63% after earnings. Earnings beat expectations but the guidance was much lower than street expectations. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead The morning will bring Existing Homes Sales data for January. FOMC Member Williams is scheduled to speak tomorrow. He is typically more dovish than members such as Bullard who is calling for aggressive interest rate hikes. Earnings reports tomorrow include Deere & Company (DE), Campbell Soup (CPB), and DraftKings (DKNG). -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The Nasdaq dropped below the 13,800 support/resistance area. If the index returns to the five-day trend line, it would mean a +1.44% advance for Friday. A return to the trend line from the 2/10 high points to a +0.51% advance for tomorrow. The one-day trend line ends with another -1.67% decline. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up Most everything hinges on the shifting status of the crisis in Ukraine. Until that is fully resolved we can continue to expect volatility. Before Russia annexed Crimea in 2014, the Nasdaq hit an all-time high and then correct about -10% during the conflict. This year, the Nasdaq already corrected -20% so will it go lower or just stay around this level until the conflict is resolved? The expectation for tomorrow is Sideways or Lower. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
Daily Market Update for 2/16Summary: Indexes took a breather from the big gains on Tuesday while the market awaited the Fed meeting minutes and the world contended with the shifting situation in Ukraine. Investors rotated profits in mid-caps into small-cap and large-cap bets today, focused on value and cyclical stocks. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wednesday, February 16, 2022 Facts: -0.11%, Volume lower, Closing Range: 83%, Body: 37% Green Good: Higher high, good closing range, advance/decline above 1.0 Bad: Lower low Highs/Lows: Higher high, Lower low Candle: Large lower wick underneath a medium green size body. Small upper wick. Advance/Decline: 1.12, more advancing than declining stocks Indexes: SPX (+0.09%), DJI (-0.16%), RUT (+0.14%), VIX (-5.49%) Sector List: Energy (XLE +0.81%) and Materials (XLB +0.73%) at the top. Technology (XLK -0.10%) and Communications (XLC -0.70%) at the bottom. Expectation: Sideways or Higher -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview Indexes took a breather from the big gains on Tuesday while the market awaited the Fed meeting minutes and the world contended with the shifting situation in Ukraine. Investors rotated profits in mid-caps into small-cap and large-cap bets today, focused on value and cyclical stocks. The Nasdaq ended the day with a -0.11% decline. Volume was lower than the previous day. The candle has a 37% green body in the upper half resulting in an 83% closing range. The longer lower wick formed right after opening and the index didn't recover until mid-afternoon when the Fed meeting minutes were released. There were more advancing than declining stocks. The Russell 2000 (RUT) outperformed for the day, gaining by +0.14%. The S&P 500 (SPX) advanced +0.09% while the Dow Jones Industrial Average (DJI) declined -0.16%. The VIX Volatility Index dropped -by 5.49%. Energy (XLE +0.81%) and Materials (XLB +0.73%) were the top sectors. Only two of the eleven S&P 500 sectors declined, Technology (XLK -0.10%) and Communications (XLC -0.70%). Economic news was positive, depending on your point of view. Retail Sales for January exceeded the forecast. Core Retail Sales climbed 3.3% month-over-month. The expectation was 0.8% growth in sales. On one hand, it's good to see consumer spending continue but on the other hand, it could cause further price increases as demand continues to outpace supply. Industrial Production for January was also higher than expected. It grew by 1.4% compared to a 0.4% forecast. The Fed meeting minutes to January did not contain any surprises. The Fed will begin raising interest rates and reducing the balance sheet in March. The US Dollar index (DXY) declined by -0.21%. US 30y, 10y, and 2y Treasury Yields all declined and the gap further widened as investors become more comfortable with the economy in the near term. High Yield (HYG) and Investment Grade (LQD) Corporate Bond prices both increased. The put/call ratio (PCCE) rose to 0.893. The CNN Fear & Greed index moved back toward Neutral but remained in the Fear range. Three of the big six mega-caps advanced. Amazon (AMZN) had the biggest jump with a +1.02% gain. Meta (FB) fell another -2.02%. We may need to replace Meta with Nvidia, which now has a higher market capitalization. Novo Nordisk (NVO) had the largest gain in the mega-cap list, rising +1.79% today. Meta was at the bottom of the mega-cap list. Only a small number of the Daily Update Growth List stocks gained for the day. DataDog (DDOG) was at the top of the list with a +2.92% gain. Fiverr (FVRR) had the most significant loss, dropping by -10.69% and landing at the bottom of the growth list. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead Building Permits and Housing Starts data for January will be available in the morning. We'll also get the Philadelphia Fed Manufacturing Index for February. The weekly Initial Jobless Claims come tomorrow as well. Earnings reports for tomorrow will include Walmart (WMT), Palantir (PLTR), Roku (ROKU), and Redfin (RDFN). -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The Nasdaq opened lower but then recovered in the afternoon after investors found no surprises in the Fed's meeting minutes. The one-day trend line meets up with the trend line from the 1/24 low at a +1.15% gain for Thursday. The five-day trend line results in a -1.97% decline. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up We thankfully had no surprises in the Fed meeting minutes for January. That provided some solid ground for investors to stand on. However, the situation in Ukraine continues to shift as mixed signals come from Russia on whether they are reducing troops on the border. The outside day today keeps yesterday's gains intact, and with the high closing range, the expectation for tomorrow is Sideways or Higher. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
1
Daily Market Update for 2/15Summary: Markets bounced back on the good news that Russia would reduce forces at the Ukraine border. The result was broad gains across the market and upward jumps in the major indexes. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Tuesday, February 15, 2022 Facts: +2.53%, Volume higher, Closing Range: 98%, Body: 86% Green Good: Higher volume upward move with breadth gains (A/D ratio), closing range Bad: Nothing Highs/Lows: Higher high, Higher low Candle: Mostly green body, small lower wick, gap up at open Advance/Decline: 3.32, more than three advancing for every declining stock Indexes: SPX (+1.58%), DJI (+1.22%), RUT (+2.75%), VIX (-9.28%) Sector List: Technology (XLK +2.63%) and Consumer Discretionary (XLY +2.24%) at the top. Utilities (XLU -0.47%) and Energy (XLE -1.05%) at the bottom. Expectation: Sideways or Higher -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview Markets bounced back on the good news that Russia would reduce forces at the Ukraine border. The result was broad gains across the market and upward jumps in the major indexes. The Nasdaq gapped up at the open and closed the day with a +2.53% gain. Volume was slightly higher than the previous day but lower than the 50-day average. The candle has an 86% green body and a 98% closing range. A small lower wick formed at mid-day before the index rallied into a close. There were more than three stocks that gained for every stock that declined. Small-caps outperformed with the Russell 2000 (RUT) gaining +2.75%. The S&P 500 (SPX) advanced +1.58% and the Dow Jones Industrial Average (DJI) gained +1.22%. The VIX Volatility Index (VIX) fell by -9.32% but remained elevated. Nine of the eleven S&P 500 sectors rose for the day. Technology (XLK +2.63%) and Consumer Discretionary (XLY +2.24%) were the top two sectors. Utilities (XLU -0.47%) and Energy (XLE -1.05%) were the only two to decline. Energy fell as the crisis eases in the Ukraine and pressures on oil prices alleviate. Economic data was not great for today. The Producer Price Index numbers for January were higher than expected, signaling further inflation coming for consumers. The NY Empire State Manufacturing Index for February was lower than expected, printing 3.10 against the forecast of 12.15. The US Dollar index (DXY) declined -by 0.32%. 30y and 10y US Treasury Yields advanced while the 2y yield declined, putting at least a pause on the flattening yield curve. High Yield (HYG) Corporate Bond prices improved while Investment Grade (LQD) Corporate Bond prices declined. Silver and Gold fell sharply as investors moved back to riskier assets. Crude Oil Futures declined on the Ukraine news. The put/call ratio declined to 0.759. The CNN Fear & Greed index is in the Fear range. All big six mega-caps advanced. Apple (AAPL) gained +2.32% to close above its 21d EMA and 50d MA lines. Tesla (TSLA) topped them all with a +5.33% gain. Nvidia (NVDA) topped the mega-cap list, advancing +9.18% today. The three mega-cap oil companies were at the bottom of the list. Exxon Mobile (XOM), Shell (SHEL), and Chevron (CVX) all lost more than 1%. Sea Limited (SE) bounced back from yesterday's huge loss, gaining +15.78% today and topping the Daily Update Growth List. Investors sold the stock yesterday on news that one of its popular games would be banned in India. They came back today after giving it a second thought and seeing Cathie Wood's Ark Investment firm buy into the dip. There was only one loser, Zynga (ZNGA), on the growth list. The company declined -by 0.11%. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead Tomorrow morning will bring Retail Sales data for January. Sales dipped more than expected in December and are expected to recover last month. We will also get Industrial Production and Business Inventories for January, both indicators for the economy. Weekly Crude Oil Inventories numbers will be available after the market opens. Tech giants Nvidia (NVDA) and Cisco (CSCO) report earnings tomorrow evening. Applied Materials (AMAT), Shopify (SHOP), Synopsys (SNPS), Hilton (HLT), Kraft Heinz (KHC), Trade Desk (TTD), DoorDash (DASH), Hyatt (H), Quantamscape (QS), Crocs (CROX), and Fisker (FSR) are among others reporting tomorrow. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The Nasdaq gapped up and gained throughout the day, closing below the 21d EMA. If the index returns to the trend line from the 1/24 low, it would mean a +1.18% gain for tomorrow. The one-day trend line points to a +0.50% advance. The five-day trend line ends with a -3.12% decline. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up With Russia removing some troops from Ukraine, a conflict seems less likely. That helped ease oil prices and worries about even more inflation on top of already high inflation. The gap between long-term and short-term yields widened as the short-term outlook turned slightly better. There's still a lot of reason to expect volatility over the next few months. The dynamics looked good today, but there are unknowns with the Fed that won't start to be resolved until next month. For tomorrow, the expectation is Higher or Sideways. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
Daily Market Update for 2/14Summary: It went up. It went down. In the end, there was no love or hate on Valentine's day as the Nasdaq closed where it opened. The indecision in the market comes among worries over Ukraine and how aggressively the Fed will deal with inflation. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Monday, February 14, 2022 Facts: -0.00%, Volume lower, Closing Range: 49%, Body: 9% Green Good: Lower volume, Ok closing range Bad: Lower high, lower low Highs/Lows: Lower high, Lower low Candle: Spinning top signals indecision, thin body between equal upper and lower wicks Advance/Decline: 0.48, more than two declining stocks for every advancing stock Indexes: SPX (-0.38%), DJI (-0.49%), RUT (-0.46%), VIX (+3.55%) Sector List: Consumer Discretionary (XLY +0.57%) and Communications (XLC +0.01%) at the top. Financials (XLF -1.12%) and Energy (XLE -2.36%) at the bottom. Expectation: Sideways or Lower -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview It went up. It went down. In the end, there was no love or hate on Valentine's day as the Nasdaq closed where it opened. The indecision in the market comes among worries over Ukraine and how aggressively the Fed will deal with inflation. The Nasdaq closed flat for the day. Volume was lower than the previous day. A rise in the morning created the upper wick while a sell-off in the early afternoon created the lower wick. The thin body of 9% left the index with only a -0.24 change, rounding to a 0% move. There were two stocks that declined for every advancing stock. The S&P 500 (SPX) closed -0.38% lower. The Dow Jones Industrial Average (DJI) declined -by 0.49%. The Russell 2000 (RUT) fell -by 0.36%. The VIX Volatility Index rose +3.58%. Of the eleven S&P 500 sectors, only Consumer Discretionary (XLY +0.57%) and Communications (XLC +0.01%) ended the day with gains. Technology (XLK -0.03%) had a small loss. Financials (XLF -1.12%) and Energy (XLE -2.36%) were at the bottom of the list. Multiple Fed officials made appearances today. Bullard restated his view that interest rates should be at 1% by summer. Other Fed officials were more dovish, causing indecision among investors. The US Dollar strengthened compared to other currencies. The dollar index (DXY) rose +0.27%. Treasury Yields rose across the board while the gap between long-term and short-term yields continues to tighten. Both High Yield (HYG) and Investment Grade (LQD) Corporate Bond prices declined. Silver and Gold continued to climb as safe-haven assets. Crude Oil Futures hit another high. The put/call ratio (PCCE) rose to 1.050, the second time it rose above 1.0 in a month. The CNN Fear & Greed Index is in the Fear range. Four of the big six mega-caps ended the day with gains. Tesla (TSLA) had the biggest move, rising by +1.83%, likely helped by the overwhelming presence of other Electric Vehicles during the Superbowl commercials. Meta (FB) continued to slide, falling -0.84% today. Tesla also topped the broader mega-cap list, followed by Nvidia (NVDA) which gained +1.33%. Abbott Laboratories (ABT) was at the bottom of the list, declining -by 2.16%. Digital Turbine (APPS) topped the Daily Update Growth List, rising by +5.84%. Sea Limited (SE) declined -by 18.39% after India banned one of its popular apps. That sent the stock to the bottom of the growth list. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead Producer Price Index data for January will be available in the morning before the market opens. The data is another indicator of inflation as price increases for producers will eventually make it to consumers. Also released in the morning will be the NY Empire State Manufacturing Index for February. Airbnb (BNB), Zoetis (ZTTS), Fidelity (FIS), Marriott (MAR), Roblox (RBLX), Zoominfo (ZI), and SolarEdge (SEDG) are among the earnings reports for tomorrow. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The Nasdaq dipped below the 13,800 support area and then recovered to close just below 13,800. If the index moves back to the trend line from the 1/24 low, it would mean a +3.89% gain. The five-day trend line ends with a -0.07% decline. If the one-day trend line continues, it leads to a -0.69% decline for tomorrow. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up The market showed how undecided investors continue to be on what will happen in Ukraine and how the Fed will handle continued inflation. Not only did the index chop up and down, but the fact that the Nasdaq ended the day where it began is a signal of indecision. Another final signal is the low volume as investors didn't want to make large moves based on unknowns. With the lower high and lower low, the expectation for tomorrow is Sideways or Lower. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
Nasdaq (IXIC) | The best target for correction♻️Hello traders, Nasdaq (IXIC) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In this index, the waves have ended in a higher stage than other indicators and have started to correct in a higher stage. In this index, waves 1, 2 and 3 are over and correction for wave 4 has started. If we want to compare Wave 4 with Wave 2, we must say that Wave 4 will have a shallow correction, but its current structure is not like this and there is a possibility that it will deepen. Wave 4 is likely to form in the form of a zigzag, and this zigzag will take a long time to complete like a flat. We are still inside the a-wave of this zigzag and we think that the completion of the a-wave is on Fibo 0.38. Wave a consists of the microwaves of wave 4, and from this microwave we will have a downward movement in the channel range and then the possibility of a happy ascent and breaking of the channel and finally the descent for wave 5. If the warning sign is broken upwards, the correction structure is different. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:IXICLong
by mahdisoltaninjad
1
Daily Market Update for 2/11Summary: Worries rose this week over the Ukraine conflict's impact on inflation and driving a more hawkish response from the Fed. If you are not ok with the wild ride, hopefully you are on the sidelines. Notes I fat-fingered the date yesterday and then copied it through the entire publishing process. :( Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Friday, February 11, 2022 Facts: -2.78%, Volume lower, Closing Range: 11%, Body: 82% Red Good: Nothing Bad: Long red body, higher volume, low advance/decline, new low for the week Highs/Lows: Lower high, Lower low Candle: Mostly red body, short upper and lower wicks Advance/Decline: 0.46, more than two declining for every advancing stock Indexes: SPX (-1.90%), DJI (-1.43%), RUT (-1.02%), VIX (+14.43%) Sector List: Energy (XLE +2.91%) and Utilities (XLU +0.06%) at the top. Consumer Discretionary (XLY -2.87%) and Technology (XLK -3.05%) at the bottom. Expectation: Lower -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview Worries rose this week over the Ukraine conflict's impact on inflation and driving a more hawkish response from the Fed. If you are not ok with the wild ride, hopefully, you are on the sidelines. The Nasdaq dropped -2.78% today. Volume was higher than Thursday while consistent selling throughout the day created an 83% red body. The 11% closing range put the index just below the 13,800 support area. There were more than two declining stocks for every advancing stock. Small-caps lost but held up better than the other indexes. The Russell 2000 (RUT) declined -by 1.02%. The S&P 500 (SPX) and Dow Jones Industrial Average (DJI) were down -1.90% and -1.43% respectively. The VIX Volatility Index rose +14.43%. The sentiment index soared more than 50% intraday. The one sector benefiting from the Ukraine crisis is Energy (XLE +2.91%) which stands to profit from soaring energy prices. Only one other sector gained today, the defensive sector of Utilities (XLU +0.06%). The other nine S&P 500 sectors declined. Consumer Discretionary (XLY -2.87%) and Technology (XLK -3.05%) had the most significant losses. The Michigan Consumer Expectations and Consumer Sentiment numbers did not help with investors' worries. Consumer Sentiment was at 61.7 against a forecast of 67.5 and down from the previous month's number of 67.2. The US Dollar index (DXY) rose. US 30y, 10y, and 2y Treasury Yields all dropped. High Yield (HYG) Corporate Bond prices dropped sharply (opposite of Treasury prices), while Investment Grade (LQD) Corporate Bond prices tracked along with Treasuries, rising today. Gold rose +1.75% to a new three-month high. Silver gained as well. Crude Oil Futures of course moved higher on the Ukraine worries. Other commodities were lower for the day. The put/call ratio (PCCE) rose to 0.972. The CNN Fear & Greed index is in the Fear range. Note that the Put/Call Options component (which says Extreme Greed) of this index seems to have some bad data. If this component showed the real numbers, the overall index would likely be in Extreme Greed now. All of the big six mega-caps declined sharply. Tesla (TSLA) dropped -by 4.93%. Meta (FB) bounced off its 21d EMA and ended the day with a -3.74% decline. Apple (AAPL) and Amazon (AMZN) also dropped below their 21d EMA. Alphabet (GOOG) and Microsoft (MSFT) are back below their 200d MA, dropping -3.13% and -2.43% today. The top three mega-caps for the day were all big Energy stocks. Exxon Mobile (XOM) and Chevron (CVX) both gained over 2%, while Royal Dutch Shell (SHEL) gained +1.27%. Recent gains for energy stocks helped Shell into the mega-cap category. The biggest loser in the mega-cap list was Nvidia (NVDA) with a -7.26% loss today. There were only three stocks that gained in the Daily Update Growth List. UP Fintech (TIGR) and FUTU Holdings (FUTU) were first and third, gaining +4.09% and +1.89%. Draft Kings (DKNG) was second in the list, rising +2.41% today. Cloudflare (NET) declined -by 9.52% to end up at the bottom of the list. The stock was up after hours yesterday thanks to a great earnings report and outlook, but the market is not able to stomach any risk right now so investors took profits. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead The Fed Reserve announced a closed-door meeting for Monday under expedited procedures to discuss interest rates. An early hike of interest rates is very likely. Advanced Auto Parts (APP) and Avis (CAR) reports earnings on Monday evening. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The index landed at the 13,800 support area which was prior resistance. It's not a strong support area yet, but we'll see how it goes. If the index heads back to the trend line from the 1/24 bottom, it would require a +4.63% gain on Monday. The five-day trend line points to a +2.79% for the start of the week. If the one-day trend continues, it would mean another -3.82% decline. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up Investors offloaded risk and moved into safe havens today as the Ukraine conflict continues to evolve. The safe-haven US Dollar rose compared to other currencies. Treasury bond prices rose (prices rise when yields drop). Riskier Corporate bond prices declined. And equities fell. As inflation is at its highest in 40 years, it looks like it could go even higher with the Ukraine conflict. The Fed will meet for an expedited procedure on Monday, likely to start raising interest rates. The expectation for Monday is Lower. Once the news clears from the Fed's expedited meeting, we'll have a better picture of where things head from there. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
The rotation from MegaCaps to SmallCaps is in FULL swing.Disclaimer: This chart shows how Non-Nasdaq100 Companies have fared vs Nasdaq100 Companies. I personally interpret this as the "SmallCap vs MegaCap Index". The recent days have been incredible. We're witnessing the probably strongest rotation from MegaCaps to SmallCaps the market has ever seen. 🙌 As some of you might now from my previous ideas - we've been in a bear market for a year , starting on February 11 2021: That bear market seems to be at an end now while the bear market for MegaCaps is just getting started 🐻. Trial number 3 seems to be successful - other's have miserably failed, like this one in August: While MegaCaps have tanked, normal stocks have rallied 🚀: Disclaimer: The chart you can see above is the Nasdaq Composite Index ( IXIQ ) cleaned of Nasdaq100 companies (to the best of my knowledge). It's definitely a good time to be out of ETF's and be in individual stocks that have reasonable valuations as compared to most US MegaCaps. As always, let me know your thoughts. 🤯
TVC:IXICLong
by The_Silen
Daily Market Update for 12/10Summary: Consumer Price data showed inflation at its highest in forty years, raising concerns that the Fed will be more hawkish in its March rate hike than previously thought. Treasury yields soared while equities pulled back. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Thursday, February 10, 2022 Facts: -2.10%, Volume lower, Closing Range: 17%, Body: 11% Red Good: Higher high Bad: Lower low, lower closing range, high volume on decline Highs/Lows: Higher high, Lower low Candle: Long upper wick over a thin red body Advance/Decline: 0.52, two declining stocks for every advancing stock Indexes: SPX (-1.81%), DJI (-1.47%), RUT (-1.55%), VIX (+19.79%) Sector List: Materials (XLB -0.58%) and Energy (XLE -0.62%) at the top. Technology (XLK -2.61%) and Real Estate (XLRE -2.85%) at the bottom. Expectation: Lower -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview Consumer Price data showed inflation at its highest in forty years, raising concerns that the Fed will be more hawkish in its March rate hike than previously thought. Treasury yields soared while equities pulled back. The Nasdaq declined -1.81% for the day. The index rallied after opening lower, passed yesterday's high, but then sold off the rest of the day as investors turned bearish. That left behind a long upper wick and a small 11% red body. The low closing range was 17%. The decline came on higher volume than the previous day and represented two declining stocks for every advancing stock. The S&P 500 (SPX) dropped -1.81% led lower by big tech. The Russell 2000 (RUT) declined -by 1.55%. The Dow Jones Industrial Average (DJI) did a little better with a -1.55% decline. It was helped by the Materials sector early morning rally. The VIX Volatility Index rose by 19.68% All eleven S&P 500 (SPX) sectors declined. Materials (XLB -0.58%) and Energy (XLE -0.62%) both rallied in the morning, helping them top the sector list for the day. Technology (XLK -2.61%) and Real Estate (XLRE -2.85%) were the bottom two sectors. The Consumer Price Index (CPI) for January showed an increase of 7.5% year-over-year, the largest increase in forty years. The Core CPI, which excludes oil and gas, increase 6.0% year-over-year. Initial Jobless Claims were at 223,000. The Fed's priority of a strong labor market appears healthy, allowing it to take a more hawkish approach to control inflation. The US Dollar index (DXY) rose by +0.25%. The US 2y Treasury Yield rose over 16% and topped 1.6% after markets closed. The US 30y and 10y Treasury Yields also rose sharply, but the gap between long-term and short-term yields squeezed considerably. High Yield (HYG) and Investment Grade (LQD) Corporate Bond prices dropped sharply along with Treasury prices. Copper and Aluminum futures continue to rise. The put/call ratio (PCCE) rose to 0.708. That rise is less than one might expect given the conditions, but investors are likely betting on a brief CPI reaction and then rebound. The CNN Fear & Greed index is in the Fear range. The NAAIM money manager exposure index rose to 66.8 from 62.54 the previous week. The survey of money managers is conducted on Wednesdays after the market closes. All big six mega-caps declined today. Tesla (TSLA) had the worst decline, falling -by 2.95%. It was followed by Microsoft (MSFT) and Apple (AAPL) which fell -2.84% and -2.36%. Walt Disney topped the mega-cap list with a +3.35% gain. The company showed a great post-pandemic recovery in its earnings report released yesterday. The only other mega-cap to gain today was Coca-Cola (KO) which gained +0.54% after beating analyst expectations in a morning earnings report. Adobe (ADBE) was at the bottom of the mega-cap list with a -5.12% decline. DataDog (DDOG) smashed expectations in its earnings report and provided a great outlook. That sent the stock up nearly 20% intraday. It settled with a +12.28% gain to top the Daily Update Growth List. GrowGeneration (GRWG) was second in the list, gaining +5.67% on the passing of the Safe Banking Act in the House of Representatives which will benefit the cannabis industry. The bill passed thru the House six times but has yet to pass the Senate. DoorDash (DASH) was at the bottom of the Growth List with a -9.54% decline. As additional states pullback mask mandates and other pandemic measures, investors are expecting diners to return to restaurants. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead The Fed monetary Policy Report is due tomorrow morning. After the market opens, the Michigan Consumer Expectations and Consumer Sentiment numbers for February will be available. Do consumers see inflation easing or will they confirm fears of further price pressures? -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The Nasdaq opened lower, but then rallied until it hit resistance at 14,500 and fell back below the 21d EMA. I don't usually mention the 10d simple moving average, but it has provided support over the past six sessions. The index closed right above that line today. If the index returns to the longer trend, the five-day trend line, and the trend line from the low on 1/24, it would mean a +2.25% gain for Friday. The one-day trend line points to a -1.90% decline. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up You can thank James Bullard of the St Louis Fed for today's reversal to the downside. The inflation data was enough to have markets open earlier, but Bullard's comments ended the morning rally. Bullard told the press that he would be open to additional rate hikes outside of regular meetings and wanted to see the rate at one percent by July. Ouch! We'll have to wait until tomorrow to see how the market further digests that fear. Based on the chart, the expectation is lower. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
Daily Market Update for 2/9Summary: Markets closed sharply higher on Wednesday, led by big tech and broad gains across almost all segments. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wednesday, February 9, 2022 Facts: +2.08%, Volume higher, Closing Range: 100%, Body: 76% Green Good: Closing range, high volume, advance/decline ratio Bad: Gap may need filled Highs/Lows: Higher high, Higher low Candle: Gap-up at open, small lower wick, no upper wick Advance/Decline: 2.18, more than two advancing stocks for every declining stock Indexes: SPX (+1.45%), DJI (+0.86%), RUT (+1.86%), VIX (-6.90%) Sector List: Communications (XLC +2.82%) and Real Estate (XLRE +2.42%) at the top. Utilities (XLU +0.44%) and Consumer Staples (XLP +0.03%) at the bottom. Expectation: Sideways or Higher -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview Markets closed sharply higher on Wednesday, led by big tech and broad gains across almost all segments. The Nasdaq rose +2.08% after a gap-up at open. The strength of the move was supported by higher volume and broad gains across stocks in the index. More than two stocks advanced for every declining stock. A short dip after the open created a lower wick but did not close the gap from yesterday's high. The 76% green body and 100% closing range left behind no upper wick. The Russell 2000 (RUT) did very well for a third day, gaining +1.86%. The S&P 500 (SPX) rose +1.45%, helped by gains from all sectors. The Dow Jones Industrial Average (DJI) rose +0.86%. The VIX Volatility Index declined by -6.90%. All eleven S&P 500 sectors gained for the day. Communications (XLC +2.82%) and Real Estate (XLRE +2.42%) were the top sectors. Utilities (XLU +0.44%) and Consumer Staples (XLP +0.03%) were at the bottom. Crude Oil Inventories were lower than expected. The afternoon's 10y note auction showed strong demand, contributing to a dip in yields. The US Dollar index (DXY) declined -by 0.07%. The US 30y and 10y Treasury yields declined while the 2y Treasury yield rose. High Yield (HYG) Corporate Bond prices increased sharply. Investment Grade (LQD) Corporate Bond prices also rose. Timber, Copper, and Aluminum Futures all increased. The put/call ratio (PCCE) declined to 0.664. The CNN Fear & Greed index moved toward Neutral but remains in the Fear range. Of the big six mega-caps, only Amazon (AMZN) declined. The -0.14% pullback came after several days of gains and resistance at the 50d MA. Meta (FB) reversed from its post-earning losses, rising +5.37% today and helping the Communications sector outperform. Microsoft (MSFT) moved above its 21d EMA with a +2.18% advance today. Alphabet (GOOG) rose +1.57% to close back above its 50d MA. Nvidia (NVDA) topped the mega-cap list, gaining +6.36%. The company ended its pursuit toward acquiring ARM, stating regulatory hurdles as the reason. Exxon Mobil (XOM) was at the bottom of the list, declining -by 1.57%. All stocks in the Daily Update Growth List gained today. Enphase (ENPH) rose by +12.03% to top the list. The company beat on earnings and revenue and provided a strong outlook for this year. Zynga (ZNGA) was at the bottom of the list but still advanced by +0.33%. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead The most anticipated economic news this week comes in the morning. It is the Consumer Price Index data for January which will give a read on inflation. The numbers are due at 8:30a. At the same time, we will get the weekly Initial Jobless Claims data. The earnings season continues to outperform analyst expectations. Tomorrow will bring earnings from Coca-Cola (KO), PepsiCo (PEP), Unilever (UL), Datadog (DDOG), DexCom (DXCM), Cloudflare (NET), Twitter (TWTR), Zillow (Z), InMode (INMD), and UpWork (UPWK) among others. Check your portfolio for earnings events as the list is long. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The gap-up for the Nasdaq started above the 21d EMA and the index continued to rise before hitting the 14,500 support/resistance area. If the one-day trend continues, expect a +0.72% advance for Thursday. The five-day trend line and trend line from the 1/24 low point to a -0.32% decline. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up We are getting the types of signal that we like to see before a strong uptrend, but much will depend on what the inflation data tells the market tomorrow morning. Today's broad gains on higher volume are constructive and represent investors' reactions over a stronger-than-expected earnings season. We may see a lateral move tomorrow or a dip to fill the gap created this morning. A more severe decline would come if inflation data surprises high. The expectation based on the chart is Sideways or Higher. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
$NASDAQ Composite recession targets $IXIC $NDX$NASDAQ Composite recession deep targets $IXIC $NDX More for my reference here since I’m going to clear out these lines so i can mark it up on a smaller scale for the near term - but if you find it useful it has some good potential targets. THIS is how far we’ve come from the mean… anything under 9885 would be true bear country. Yes, I trade one day at a time - and both ways - but truth be told, I think we slide into a recession quite effortlessly from here… —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I have a huge tolerance for volatility so please know that. If you’re new to my trade setups please try them on a small scale first. Then go in with a risk you’re comfortable with. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time) And most importantly… Have fun, y’all!! (\_/) ( •_•) / >🚀
NASDAQ:IXICShort
by SPYder_QQQueen_Trading
6
A comparison between IXIC and US10Y.Hello traders and investors! Let’s do a quick study on the IXIC. The index is having a hard time now that we hit our resistance and filled the gap at 14,387, and this is expected. This could trigger a pullback all the way down to the previous gap at 14,226, and the 21 ema area. Together, these supports form a dual-support level for the short-term. If we lose this dual-support level, the index could drop more, but so far, we have no bearish sign confirming this. It is important to watch the 10-year yields, as this might be an important catalyst for the next movements: To me, it seems it is doing a Double Bottom to fill the previous gap (yellow area), and this confirms the idea of a pullback in the short-term. However, when we look the daily/weekly charts, we see something interesting: The 10-yr yield is doing a Hanging Man candlestick pattern in the daily chart, just after it hit the resistance at the black line, seen in the weekly chart as a major resistance in 2019. If the yield is about to correct for the next few days, now is the best time in many years. This reading don’t affect the short-term reading, however, if the 10-yr yield triggers this Hanging Man, I’ll be convinced of a sharper pullback for the mid-term. The IXIC still could fill the previous gap, and trigger the pivot point at 14,504 in sequence, reversing the trend in the mid-term, potentially filling the gap at 14,855. To sum up, even considering a possible pullback in the short-term, the bullish thesis in the mid-term is still valid – until proven otherwise. Remember to follow me to keep in touch with my daily studies on stocks and indices! Have a good day.
TVC:IXIC
by Nathan_The_Finance_Hydra
Daily Market Update for 2/8Summary: Equity indexes were led higher by cyclical and tech sectors while small-caps outperformed for another day, providing the breadth needed for good structural gains. Treasury yields continued higher, reaching levels not seen since the pandemic began. Notes In yesterday's (Monday) update, I included Wednesday's set of Economic News and Earning Reports for "Looking Ahead". It was past midnight in the US and I didn't notice I was looking at the wrong day. Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Tuesday, February 8, 2022 Facts: +1.28%, Volume higher, Closing Range: 89%, Body: 72% Green Good: Closing range, high advance/decline line, volume slightly higher on gain Bad: Lower high, lower low Highs/Lows: Lower high, Lower low Candle: Mostly green body, with short upper and lower wicks Advance/Decline: 1.7, more than three advancing for every two declining stocks Indexes: SPX (+0.84%), DJI (+1.06%), RUT (+1.63%), VIX (-6.21%) Sector List: Materials (XLB +1.55%) and Consumer Discretionary (XLY +1.41%) at the top. Real Estate (XLRE -0.90%) and Energy (XLE -2.15%) at the bottom. Expectation: Sideways or Higher -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview Equity indexes were led higher by cyclical and tech sectors while small-caps outperformed for another day, providing the breadth needed for good structural gains. Treasury yields continued higher, reaching levels not seen since the pandemic began. The Nasdaq rose +1.28%, lifted by big tech and small growth stocks alike. The morning saw a dip lower than the previous day's low, but the index recovered to close with an 89% closing range. The upper wick didn't quite set a higher high. The lower low and lower high are not great but are offset by the 72% green body, high closing range, and higher volume. There were also more than three advancing stocks for every two declining stocks. The Russell 2000 (RUT) outperformed the other indexes for a second day, advancing +1.63%. The Dow Jones Industrial Average (DJI) gained +1.06%. The S&P 500 (SPX) rose by +0.84%. The VIX Volatility Index receded by -6.21%. Eight of the eleven S&P 500 sectors gained, led by Materials (XLB +1.55%) and Consumer Discretionary (XLY +1.41%). At the bottom of the list were Real Estate (XLRE -0.90%) and Energy (XLE -2.15%). Although growth sectors did well, the Communications (XLC -0.04%) sector was weighed down by Meta (FB). Trade Balance data showed the US exporting more goods in December than expected. The US Dollar strengthened, with the index (DXY) climbing +0.22%. Treasury yields rose for the day and are now at pre-pandemic levels. Although yield levels are returning to pre-pandemic levels, the yield curve is still steep relative to just before the pandemic crash when it was nearly flat. Both the High Yield (HYG) and Investment Grade (LQD) Corporate Bond prices declined. Timber prices and Aluminum Futures are both up sharply today. Aluminum Futures are back to a multi-year high. The put/call ratio (PCCE) increased to 0.743. The CNN Fear & Greed index is in the Fear range. Of the big six mega-caps, only Meta (FB) declined, falling another -2.10% and weighing down the communications sector. Amazon (AMZN) continues to advance, gaining +2.20% today and closing just below its 50d MA. China helped send Alibaba (BABA) to the top of the mega-cap list. The company gained +6.17% after China state-related funds entered the market to provide support. At the bottom of the mega-cap list is Pfizer (PFE). Pfizer declined -by 2.84% after missing revenue estimates in its earnings release. Peloton topped the Daily Update Growth List for a second day, gaining +25.28% on top of the +20% gain on Monday. Peloton was followed in the list by several Chinese growth stocks. RobinHood (HOOD) was at the bottom of the list for a second day, declining -by 3.81% today. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead Crude Oil Inventories will be available after the market opens tomorrow. Two Fed officials (Bowman and Mester) speak in the morning. There is a 10-year note auction scheduled for the afternoon. Toyota (TM ), Walt Disney (DIS), CVS (CVS), GlaxoSmithKline (GSK), Uber (UBER), Honda (HMC), Yum! Brands (YUM), Twilio (TWLO), and Zynga (ZNGA) are some of the significant earnings reports for Wednesday. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The Nasdaq is nearing the 21d EMA again as it attempts to return to a longer-term upper trend. The one-day trend line and the trend line from the 1/24 low both point to a +1.26% gain for Wednesday. The five-day trend line points to a -1.46% decline. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up Investor sentiment remains at a bearish level. The put/call ratio continues to show a high amount of put hedging. The ratio's multi-day average is at its highest since March 2020. The safe-haven demand component of the CNN Fear & Greed index is high. That means many investors have their money on the sidelines. That is confirmed by the low exposure index from the NAAIM money manager survey. So when things are this bearish, we're looking for turning points where investors might come rushing back into the market and give us another multi-week or even multi-month gain. The last three days including Friday, have shown some change in the market. The advance/decline line was above 1.0 all three days which means more stocks gaining than declining. Today, big tech joined the gains as well which helped the Nasdaq move up in addition to small-caps. And support from China state-related funds into Chinese equities also pulls some risk out of the market. There are no guarantees, but perhaps the market is ready for a solid period of gains, at least until the Fed acts in March. For tomorrow, the expectation is Sideways or Higher. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
Daily Market Update for 2/7Summary: Small-caps outperformed while Meta continued to weigh on major indexes, creating a volatile day for equities. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Monday, February 7, 2022 Facts: -0.58%, Volume higher, Closing Range: 16%, Body: 39% Red Good: Higher high, higher low, advance/decline line Bad: Decline on higher volume, closing range Highs/Lows: Higher high, Higher low Candle: Longer upper wick over a red body, low closing range Advance/Decline: 1.43, almost three advancing stocks for every two declining stocks Indexes: SPX (-0.37%), DJI (+0.00%), RUT (+0.51%), VIX (-1.55%) Sector List: Energy (XLE +1.28%) and Financials (XLF +0.30%) at the top. Technology (XLK -0.66%) and Communications (XLC -1.74%) at the bottom. Expectation: Sideways -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview Small-caps outperformed while Meta continued to weigh on major indexes, creating a volatile day for equities. The Nasdaq was down -0.58% for the day. Volume was higher for the day. A rally in the first 20 minutes created a long upper wick and a higher high than the previous day. The rally faded and eventually the index sold into the close, creating a closing range of 16% under a 39% red body. Despite the decline with higher volume, there were almost three advancing stocks for every two declining stocks. The Russell 2000 (RUT) outperformed for the day as small-caps got some attention, lifting the index by +0.51%. The S&P 500 (SPX) declined -by 0.37% while the Dow Jones Industrial Average (DJI) ended the day flat. The VIX Volatility Index declined -by 1.51%. Five out of the eleven S&P 500 indexes advanced. Energy (XLE +1.28%) and Financials (XLF +0.30%) were the best two sectors. Technology (XLK -0.66%) and Communications (XLC -1.74%) were at the bottom of the list. The US Dollar index (DXY) declined -by 0.07%. US 30y and 10y Treasury yields rose while the 2y Treasury yield declined. High Yield (HYG) Corporate Bond prices declined. Investment Grade (LQD) Corporate bond prices increased. Crude Oil Futures finally declined a big after climbing sharply last week. Aluminum Futures hit a high for 2022. The put/call ratio (PCCE) declined to 0.729. The CNN Fear & Greed Index remains in the Fear range. Of the big six mega-caps, only Amazon (AMZN) ended the day in the positive, gaining +0.19%. Meta (FB) dragged the market down with a -5.14% decline. Alphabet (GOOGL) dropped back below its 50d MA with a -2.86% decline. Novo Nordisk (NVO) was the top-performing mega-cap for today. At the bottom of the mega-cap list was Alibaba (BABA), declining -by 6.05%. Peloton (PTON) topped the Daily Update Growth List with a +20.93% swing to the positive. Rumors emerged this weekend that several companies, including Amazon and Nike, were looking at a potential acquisition of the beaten-down company. The biggest loser in the Growth List was RobinHood (HOOD), dropping -by 8.37%. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead Crude Oil Inventories will be available after the market opens tomorrow. Two Fed officials (Bowman and Mester) speak in the morning. There is a 10-year note auction scheduled for the afternoon. Toyota (TM ), Walt Disney (DIS), CVS (CVS), GlaxoSmithKline (GSK), Uber (UBER), Honda (HMC), Yum! Brands (YUM), Twilio (TWLO), and Zynga (ZNGA) are some of the significant earnings reports for Tuesday. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The index whipped up and down today in a sideways move, ending with a sell-off at close for a decline. If the index returns to the trend line from the 1/24 low, that would mean a +2.56% gain for tomorrow. The one-day and five-day trend lines point to a -0.37% decline. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up Investors can expect more twists and turns as the market rotates from one risk asset to the next, looking for returns while reducing exposure to Inflation and Interest rates. The expectation for tomorrow is Sideways. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
The Investor Mentality: Are You a Worthy Investor?There are two types of people: people who will read through this entire post and put themselves on a life-changing path towards generational wealth by understanding the essence of investing, and people who simply won't read this post. This post may be lengthy and abstract, but I guarantee you that comprehending the concept of what it means to invest, and how to do so, can change your life forever. This is not financial advice. This is for educational purposes only. Capitalism is much simpler than you think. The goal of the game, as the name suggests, is accumulating as much capital as possible. Interestingly enough, there are only three ways to achieve this goal, and if anyone tells you otherwise, they're either lying or they're a crook. The method is simple - you need to own the three means of production: land, labor, and capital. Land: Only 30% of earth's surface is covered by land. Land, contrary to common belief, is rare in the sense that it's limited. If you own land, you can have factories and houses built on your land, through which you can receive rent. This was also prevalent in the past where aristocrats allowed peasants to farm on their properties, taking a certain percentage of the crops that were harvested without even breaking a sweat. Labor: When you own labor as a means of production, it essentially means that you run a business. What this implies might not be intuitive, but it simply means that you're paying money to buy someone's time. Time is a resource that is much more important than money. Money is infinite, and can even be printed. As for time, both Jeff Bezos and a freshman at college both get 24 hours a day. The difference between the two, is that Jeff Bezos can pay the freshman and hire him to work on whatever needs to be done. Essentially, Jeff is paying to buy the freshman's time, a limited resource. Capital: Capital is the magic sauce that allows all of this to happen. You can buy land, buy someone else's time, and even buy companies that do all of the above on your behalf. But, capital is no good if you don't make that capital work for you. You can lend capital to someone who needs it, and receive interest payments. In this case, interest is simply understood if you think about it as the cost of borrowing money. The name of the game is to either make the capital work for you, or convert that capital to other means of production, which then bring you more capital, ultimately creating a virtuous cycle. When people invest in stocks, oftentimes they get too caught up and focus only on the price action, and forget the fact that buying a stock represents ownership of the company. In other words, if you own 10% of Tesla's shares, you have ownership of 10% of the company whether the company is valued at $800B or $2T. So what do you do when a company that's supposed to be worth $1T, judging by the amount of money it makes (cash flow) and the growth it's showing, drops to $800B? The most logical course of action is to buy more shares. You want to buy more ownership of the company for a cheap price, because you know that the company is going to buy other people's time (labor) and use that to generate more capital for you. It seems so easy, but there's a reason why most people fail at investing. Our brains are biologically wired to focus on short term consequences, and we fail to look at what's best for us in the long term. Thus, we make dumb mistakes like selling perfectly good assets just because "the price dropped too much". "A price drop is an opportunity to buy more of a good prospect at cheaper prices." - Peter Lynch Unfortunately, most people sell when the price drops, because fear, uncertainty, and doubt take over their mind. There is a reason why billionaire hedge fund manager Bill Ackman bought over $1.1B worth of Netflix stocks when the price dropped. He saw no fundamental changes to the company, yet the price dropped due to certain people's irrational decision to sell. And I'm very positive that there's a high chance that Bill will be the last one laughing in the end. I believe that there are only three reasons for you to sell a perfectly good asset: 1) when the narrative has changed (fundamental change in the asset), 2) when you find a better asset, and 3) when selling is inevitable to save your entire position (ex. selling to pay taxes). Unless there is a clear reason for you to sell that fits into one of these three criteria, selling is probably not the best idea. If you truly understand what it means to invest, and convince yourself on why you should be buying or selling at certain levels, you can, and will become a successful investor. Think big, be optimistic, and have patience. If you like this educational post, please make sure to like, and follow for more quality content! If you have any questions or comments, feel free to comment below! :)
TVC:SPXEducation
by Michael_Wang_Official
12
IXIC (NASDAQ) - January 28Hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (1M chart) It followed the uptrend line that started in March 2009 and then surged in March 2020. in 1M chart Resistance section: around 14448.58 Support section: around the 11167.50 point Roughly, if you do not find support in the 12700-13600 range, there is a possibility that it will fall near the 11167.50 point, so you need to trade cautiously. (1W chart) It turned into an uptrend in December 2018 and March 2020, touching the uptrend line. At this time, if you look at the movement of the CCI-RC index in the wRSI_SR index, you can roughly predict the current index movement. In the CCI-RC indicator, it can be seen that there is a high probability that the trend will change when the CCI line touches the 0 point. On the 1W chart Resistance section: around 14448.58 Support section: near the 12998.50 point (1D chart) (All: ) in 1D chart Resistance section: around 14448.58 Support section: 12998.50-13429.98 If you check the entire chart, you can see that the CC line is located in an important section of the current CCI-RC indicator. Therefore, it is important to be able to receive support in the support zone. If it declines from the support zone, it is expected to find primary support at the 12339.0 point. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
TVC:IXIC
by readCrypto
2
Daily Market Update for 2/4Summary: Amazon helped markets move higher on Friday, but some trepidation remained for investors who are worried about a hawkish Fed. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Friday, February 4, 2022 Facts: +1.58%, Volume lower, Closing Range: 66%, Body: 37% Green Good: Higher high, good closing range, advance/decline ratio Bad: Lower low, volume Highs/Lows: Higher high, Lower low Candle: Similar length upper and lower wicks with a medium-size green body Advance/Decline: 1.68, more than three advancing stocks for every two declining stocks Indexes: SPX (+0.52%), DJI (-0.06%), RUT (+0.57%), VIX (-4.68%) Sector List: Consumer Discretionary (XLY +2.84%) and Financials (XLF +1.70%) at the top. Real Estate (XRE -1.37%) and Materials (XLB -1.66%) at the bottom. Expectation: Sideways or Higher -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview Amazon helped markets move higher on Friday, but some trepidation remained for investors who are worried about a hawkish Fed. The Nasdaq gained +1.58%. Volume was lower than the previous day. The candle has similar length upper and lower wicks with a 66% green body in the middle of the candle. The higher high is great and the closing range is good. However, the lower low in the morning was a surprise and a sell-off before close, creating the upper wick, shows nervous investors heading into a weekend. There were more than three advancing stocks for every two declining stocks. The S&P 500 (SPX) gained +0.52% and the Russell 2000 (RUT) advanced +0.57%. The Dow Jones Industrials Average (DJI), weighed down by large cyclicals, declined -by 0.06%. The VIX Volatility Index (VIX) remains elevated but declined by -4.68% today. Consumer Discretionary (XLY +2.84%) was the top sector for the day, led higher by Amazon. Financials (XLF +1.70%) was the next best sector, helped by rising yields on Treasuries. Real Estate (XRE -1.37%) and Materials (XLB -1.66%) were at the bottom of the sector list. The employment data released in the morning showed a robust labor market which is good for the economy, but bad for investors who see more reason for the Fed to be hawkish. Nonfarm Payrolls for January defied expectations by adding 467,000 jobs. Analysts expected a much lower number of 150,000 due to Omicron. Average Hourly Earnings increased 5.7% year-over-year, more than the expected 5.2% increase, signaling sticky inflation. The US Dollar strengthened for the first time in five days. The index (DXY) rose +0.13%. US 30y, 10y, and 2y Treasury Yields rose sharply on expectations of a more hawkish Fed. As yields rise, prices drop and Corporate Bond prices follow big moves in Treasuries. Both the High Yield (HYG) and Investment Grade (LQD) Corporate Bond prices were sharply lower for the day. Crude Oil Futures continue to soar higher, rising +3.93% today, likely due to both increased demand outlook and potential supply disruption from possible actions in Ukraine. The put/call ratio (PCCE) fell to 0.808. The CNN Fear & Greed index is in the Fear range. The NAAIM money manager exposure index showed an increase in exposure, rising to 62.54 from 53.39 the previous week. The exposure index is released on Wednesday nights, so does not reflect Thursday's market declines. Four of the big six mega-caps gained for the day. Amazon (AMZN) added $150 billion to its market cap, the largest rise in history on the day after Meta (FB) recorded the largest market cap loss in history. Amazon gained +13.54% after an exemplary fourth-quarter earnings report and 2022 outlook for the business. Tesla (TSLA) rose +3.61%. Microsoft (MSFT) hit resistance at its 21d EMA but closed with a +1.56% gain. Apple (AAPL) got support at its 50d MA but closed -0.29% lower. Amazon was the best mega-cap for the day. Bank of America (BAC) was second with a +3.98% gain, followed by Tesla. Novo Nordisk (NVO) was at the bottom of the mega-cap list with a -4.74% decline after missing analyst profit estimates. Snap (SNAP) topped the Daily Update Growth List with a whopping +58.82% gain after reporting huge user growth and ad sales. Pinterest (PINS) was third on the list, gaining +11.18%. The two smaller players put further pressure on Meta after the top social network blamed Apple and TikTok for declines in their business. D.R. Horton (DHI) was at the bottom of the list, falling -by 4.72% along with the Real Estate sector. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead It will be a quiet start to the week for economic news with no significant events planned for Monday. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The Nasdaq had an outside day today with the low and high both outside yesterday's low and high. It's representative of continued volatility in equity markets. If the one-day trend continues, that would follow the trend-line from the 1/24 low and mean a +2.27% gain on Monday. If the index follows the five-day trend, that would result in a -0.04% decline. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up Investors are torn between an economy that's continuing to show strength and what that means for Fed action later this year. Will the Fed raise rates three times, four times, six times? Will the March rate hike by 0.25% or 0.50%? Estimates are all across the board among analysts. Those who believe inflation will begin to ease see a more dovish Fed and fewer rate hikes. Those who believe inflation will stay high expect a more hawkish Fed and higher rate hikes. The expectation for Monday is Sideways or Higher. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
Nasdaq (IXIC) | The best scenario for the fallHello traders, Nasdaq (IXIC) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In this index, the waves have ended in a higher stage than in other indicators and have started to correct in a higher stage. In this index, waves 1, 2 and 3 are over and correction for wave 4 has started. If we want to compare Wave 4 with Wave 2, we must say that Wave 4 will have a shallow correction, but its current structure is not like this and it gives the possibility of deepening. Wave 4 is likely to form in the form of a zigzag, and this zigzag will take a long time to complete like a flat. We are still inside wave a of this zigzag and we think that wave a will be completed on Fibo 0.38. Wave a consists of 3-wave microwaves, and from these microwaves is the last unfinished trend, the 5-wave, which probably descends after another sideways trend or directly. If the 14520 range is broken, it probably was not wave 3. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:IXICShort
by mahdisoltaninjad
Daily Market Update for 2/3Summary: Meta killed the rally. Perhaps Amazon can restart it. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Thursday, February 3, 2022 Facts: -3.74%, Volume lower, Closing Range: 7% (w/gap), Body: 47% Red Good: Stayed above 13,800. Lower volume despite gap-down at open. Bad: Failed intraday rally, low closing range Highs/Lows: Lower high, Lower low Candle: Gap-down at open, long upper wick over red body Advance/Decline: 0.32, three declining stocks for every advancing stock Indexes: SPX (-2.44%), DJI (-1.45%), RUT (-1.90%), VIX (+10.23%) Sector List: Consumer Staples (XLP +0.03%) and Health (XLV -0.43%) at the top. Consumer Discretionary (XLY -3.06%) and Communications (XLC -6.69%) at the bottom. Expectation: Lower -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview Meta killed the rally. Perhaps Amazon can restart it. The Nasdaq closed down by -3.74% on Thursday, its worst decline since September 2020. After a gap-down at open, a rally attempt in the morning could close the gap, creating a long upper wick above a 47% red body as the rally turned into more losses. The closing range was 7% with the gap. The only potential positive is the lower volume. There were three declining stocks for every advancing stock. The S&P 500 (SPX) declined -by 2.44%, led lower by growth sectors. The Dow Jones Industrial Average (DJI) declined -by 1.45%. Small-caps didn't do too bad relatively speaking, with the Russell 2000 (RUT) down -1.90%. The VIX Volatility Index bounced up by -10.24%. Among the eleven S&P 500 sectors, only Consumer Staples (XLP +0.03%) held in the positive for the day. That was followed by Health (XLV -0.43%) as the next best sector. Consumer Discretionary (XLY -3.06%) and Communications (XLC -6.69%) were at the bottom of the sector list. Positive economic data wasn't enough to save sentiment. The weekly Initial Jobless Claims was lower than expected. There were 238,000 claims compared to the forecast of 245,000 claims. In a surprise for the labor market, Nonfarm Productivity for Q4 rose by 6.6% compared to the expected 3.2%. Unit Labor Costs for Q4 were expected to rise 1.5%, but increased by only 0.3%. Purchasing Managers Index data for the Non-Manufacturing / Services sector were both higher than forecasted. The indexes show the sector is improving, but not quite at the accelerated pace of previous months. The Bank of England followed through with an expected interest rate hike of 0.25%, bringing the interest rate to 0.50%. The US Dollar Index (DXY) continues to fall. It declined -by 0.67% today. US 30y, 10y, and 2y Treasury Yields all rose for the day. Both High Yield (HYG) and Investment Grade (LQD) Corporate Bond prices declined sharply. Silver and Gold declined. Crude Oil Futures moved ever higher. The put/call ratio rose to 0.955. The CNN Fear & Greed index moved further into the Fear range. The NAAIM money manager exposure index showed an increase in exposure, rising to 62.54 from 53.39 the previous week. The exposure index is released on Wednesday nights. All big six mega-caps declined. Meta (FB) led the way with a -26.39% decline, erasing more than $250 billion in market value and dropping below Tesla (TSLA) in market cap. Ouch. Amazon (AMZN) dropped -7.81% for the day, but is up nearly 15% in after-hours thanks to a great fourth-quarter earnings report. Microsoft (MSFT) dropped back below its 21d EMA with a -3.90% decline. Only a handful of mega-caps gained for the day. UnitedHealth (UNG) topped the list with a +1.87% gain. The health services provider is heading toward a new all-time high. Amazon and Facebook were at the bottom of the mega-cap list. In the Daily Update Growth List, only RobinHood (HOOD) and Alibaba (BABA) ended the day in the positive. They advanced +0.93% and +0.48% respectively. Helped to the bottom of the list by Facebook and the communications sector sell-off was Snap (SNAP). Snap declined -by 23.60% for the day. However, the company beat earnings expectations with 42% revenue growth and a first-time net profit. The company soared 60% in after-hours trading. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead More employment data will be available in the morning. Nonfarm Payrolls and the Unemployment Rate for January are the most significant of the metrics to be released before the market opens. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The Nasdaq fell back below the 21d EMA today and is approaching the 13,800 area which may turn to support. If the index rallies to return to the trend line from the 1.24 low, that would mean a +4.60% advance for Friday. The five-day trend line points to a +3.85%. If the one-day trend continues, that would mean a -1.44% decline. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up Meta lost more than $250 billion of market cap in one day. That's the largest since Apple's huge loss in 2020. It was enough to have an impact across the entire communications sector and the entire market. Now we have earnings beats from Amazon, Snap, and Pinterest today. Is it enough to lift indexes back into the recent upward trend? Can we get a breadth of gains across the market on higher volume on Friday? That would help with investor sentiment heading into the weekend. The big six earnings are all out now. Five of the six mega-caps beat expectations. Four of the six provided positive surprises on guidance as well. Add to that numerous positive reports from the rest of the market, and corporate America appears to be very healthy. The labor data today is interesting. The slower increase in labor costs could help tame inflation in Q1. Add to that the typical slowdown in shipping which could alleviate high container costs and allow the whole system to unclog. We could start to see opinions change toward how hawkish the Fed will be this year. As for the chart, I don't count after-hours activity in expectations. So the expectation is still Lower for tomorrow, but we will likely get a surprise Higher. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
Daily Market Update for 2/2Summary: The rally in the Nasdaq slowed on Wednesday as investors took profits in some sectors while chasing a more select set of companies turning in great earnings this past two weeks. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wednesday, February 2, 2022 Facts: +0.50%, Volume lower, Closing Range: 64%, Body: 32% Red Good: Higher high, higher low, decent closing range Bad: Red body, lower volume gain, low advance/decline Highs/Lows: Higher high, Higher low Candle: Long lower wick under a thin red body Advance/Decline: 0.52, two declining stocks for every advancing stock Indexes: SPX (+0.94%), DJI (+0.63%), RUT (-1.03%), VIX (+0.59%) Sector List: Communications (XLC +2.00%) and Real Estate (XLRE +1.72%) at the top. Materials (XLB +0.31%) and Consumer Discretionary (XLY -0.60%) at the bottom. Expectation: Sideways -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview The rally in the Nasdaq slowed on Wednesday as investors took profits in some sectors while chasing a more select set of companies turning in great earnings this past two weeks. The Nasdaq gained +0.50% for the day. The index opened with a gap up but declined through the morning to create a long lower wick. The recovery in the afternoon left behind a 32% red body and a 64% closing range. Volume was lower than the previous day. There were two declining stocks for every advancing stock. The S&P 500 (SPX) advanced +0.94%, led higher by Alphabet's huge gain. The Dow Jones Industrial Average (DJI) climbed by +0.63%. The Russell 2000 (RUT) declined -by 1.03%. The VIX Volatility Index (VIX) rose by +0.59%. Communications (XLC +2.00%) and Real Estate (XLRE +1.72%) were the top two of the eleven S&P 500 sectors. Only one sector, Consumer Discretionary (XLY -0.60%) declined. ADP Nonfarm Employment Change for January showed a decline of 301,000 payrolls vs an expected increase of 207,000. The US Dollar Index (DXY) continued its fall, declining -by 0.29% today. Treasury Yields are relatively steady with small declines across the 30y, 10y, and 2y yield. High Yield (HYG) and Investment Grade (LQD) Corporate Bond prices increased. Crude Oil Futures continues to rise. Timber and Copper Futures are also on the rise while Aluminum Futures is falling. The put/call ratio (PCCE) increased to 0.751. The CNN Fear & Greed index remained in the Fear range. Four of the big six gained today. Alphabet (GOOG) was the big winner with a +7.52%. The stock was up over 10% intraday, setting a new all-time high but couldn't hold on for a record close. Microsoft (MSFT) rose +1.52% to close above its 21d EMA. Meta (FB) rose +1.25% but is down over 20% after hours, disappointing investors with missed earnings expectations. Google was at the top of the mega-cap list, followed by Qualcomm (QCOM) which rose +6.25% in anticipation of earnings which turned out great. Despite the great earnings, the stock is down after hours. Alibaba (BABA) is at the bottom of the mega-cap list. The stock remains volatile with a -3.41% decline today. There were only four stocks with gains in the Daily Update Growth List. Nvidia (NVDA) topped the list, gaining +2.45% today. At the bottom of the list was PayPal (PYPL) which declined -24.59 after missing most business metrics and lowering its outlook in its earnings call yesterday. That also brought down Block (SQ) by -10.63%. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead The weekly jobless claims will be available before the market opens tomorrow. We'll also have the Q4 Nonfarm Productivity and Unit Labor Costs data at the same time. After the market opens, we'll get Non-Manufacturing / Services Purchasing Managers Index data for January that shows if the sector is growing or shrinking in economic activity. Amazon (AMZN) will round out the big six earnings reports for this season. In addition, we'll get earnings for Eli Lilly (LLY), Merck (MRK), Shell (SHEL), Honeywell (HON), Ford Motor (F), Activision Blizzard (ATVI), Snap (SNAP), Unity Software (U), Pinterest (PINS), and Paylocity (PCTY). The list of reports for Thursday is long and these are just a few relevant to the Daily Update. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The Nasdaq closed just above the 21d EMA today. The index hit resistance at 14,500 after opening, slid through the morning but regained ground to close higher. If the index returns to the five-day trend line, that would mean a +2.48% advance for Thursday. The one-day trend line and trend line from the 1/24 low point to a +0.21% gain. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up Great earnings reports have helped the Nasdaq rally. However, the disappointment on Facebook earnings could derail things tomorrow. Overall, the earnings season is still strong, but the size of Facebook will influence the entire market, especially with a severe reaction to the miss. Based on the chart the expectation for tomorrow is Sideways, but a move Lower would not be a huge surprise. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
Daily Market Update for 2/1Summary: Stock indexes rose along with optimism as corporate America continues to provide earnings beats and positive outlooks for 2022. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Tuesday, February 1, 2022 Facts: +0.75%, Volume lower, Closing Range: 96%, Body: 24% Green Good: Higher high and higher low, high closing range, advance/decline ratio Bad: Nothing Highs/Lows: Higher high, Higher low Candle: Long lower wick under a thin green body Advance/Decline: 2.76, Five advancing for every two declining stocks Indexes: SPX (+0.69%), DJI (+0.78%), RUT (+1.10%), VIX (-11.56%) Sector List: Energy (XLE +3.56%) and Materials (XLB +1.54%) at the top. Real Estate (XLRE -0.68%) and Utilities (XLU -1.33%) at the bottom. Expectation: Sideways or Higher -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview Stock indexes rose along with optimism as corporate America continues to provide earnings beats and positive outlooks for 2022. The Nasdaq rose +0.75% for the day after dipping in the morning. Volume was lower than the previous day, but gaining stocks continued to outnumber declining stocks at a 5:2 ratio. The dip in the morning formed a long lower wick, but the index recovered to create a 24% green body and a 96% closing range. Small-caps outperformed today. The Russell 2000 (RUT) small-cap index rose +1.10%. The S&P 500 (SPX) advanced +0.69%. The Dow Jones Industrial Average climbed +0.78% higher. The VIX Volatility Index continues to recede, falling -11.52% today. Only three of the eleven S&P 500 sectors declined today, all defensive sectors. Energy (XLE +3.56%) led the sector list, having another record close. The sector was lifted by great earnings from Exxon Mobile (XOM). Materials (XLB +1.54%) was the second-best sector. Real Estate (XLRE -0.68%) and Utilities (XLU -1.33%) were at the bottom of the sector list. The ISM Manufacturing Purchasing Managers Index (PMI) for January was lower than the previous month but higher than the forecast. JOLTs Job Openings improved in December to 10.925m against an expected 10.3m. API Weekly Crude Oil Stock showed more demand than forecasted with supplies dipping to -1.645m vs the expectation of a 1.833m barrel surplus. The US Dollar Index (DXY) declined -by 0.39%. The US 30y and 10y Treasury Yields rose while the 2y Treasury Yield dropped. High Yield (HYG) Corporate Bond prices rose and Investment Grade (LQD) Corporate Bond prices decreased. Silver and Gold advanced, primarily on the weakening dollar. Crude Oil Futures are holding near recent highs. The put/call ratio declined to 0.738. The CNN Fear & Greed index remained in the Fear range. Three of the big six mega-caps gained. Alphabet (GOOGL) rose +1.73% ahead of earnings and closed above its 21d EMA. The stock was up 10% in after-hours thanks to an earnings beat and a positive outlook for 2022. Meta (FB) also closed above its 21d EMA, advancing +1.83% today. Microsoft (MSFT) closed just below its 21d EMA, declining -by 0.71%. United Parcel Service (UPS) was the top-performer in the mega-cap list, soaring +14.08% today on an earnings surprise, beating almost every business metric for the company and raising revenue guidance. Toyota Motor (TM ) was at the bottom of the mega-cap list, declining -by 1.02%. All but two stocks advanced in the Daily Update Growth List. Draft Kings (DKNG) topped the list, climbing +7.20% today. Etsy (ETSY) dropped -by 3.13%, ending up at the bottom of the list. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead There is an OPEC Meeting scheduled for the early morning. ADP Nonfarm Employment Change data will be available before the market opens. After the market opens, the Weekly Crude Oil Inventories will be released. Facebook (FB) will be the top earnings report for tomorrow, but there are many more. Alibaba (BABA), AbbVie (ABBV), Thermo Fisher (TMO), Novo Nordisk (NVO), Qualcomm (QCOM), T-Mobile (TMUS), Spotify (SPOT), and DR Horton (DHI) are some that stand out as notable for the Daily Market Update. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The Nasdaq is approaching the 21d EMA but remained below the line today. Trend lines are within a relatively tight range. If the one-day trend line continues, we can expect a +0.59% advance for Wednesday. The five-day trend line points to a -0.13% decline. The trend line from the 1/24 low ends with a -0.75% decline for Wednesday. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up This earnings season is showing that public companies continue to show earnings and revenue growth that beat expectations. More importantly, those companies are providing outlooks for 2022 that are higher than expected. The result is investors are seemingly putting aside fears over inflation and interest rate hikes by the Fed. We can still expect volatility as the Fed rolls out new monetary policy, but it appears there is still constructive growth that will happen in 2022. The expectation for tomorrow is Sideways or Higher. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321