Search

Market Rap 07/19/22 by CTG

SPY / QQQ / Vix

SPY 5 days, hourly candles S&P futures seeing a bounce back into the middle of yesterdays range 385.75 the corresponding futures/pre mkt high

381.79 the after hours low from yesterday before futures opened

SPY 3 months, daily candles A test and failure at daily resistance, as the range continues to tighten. Held Fridays low by .12 as we magnet around the 12ema (white line). (resistance)

389.09 the high from yesterday

390.64

391.92 the 50 day MA

393.16 (support)

382.48 the 12ema

380.54-380.66 the lows from the past 2 trading days

378.57 open gap

371.04

QQQ 5 days, hourly candles Nasdaq futures also seeing some bounce to the spot they closed at Friday afternoon 292.28 the corresponding futures/pre mkt high

289.20 the corresponding futures low

QQQ 3 months, daily candles Bears played defense at daily resistance here as well (after a brief push thru the 50 day MA), followed by a reversal which tested the 12ema and Fridays lows (held by .12 also, like SPY)(resistance)

292.92 the 50 day MA

296.16 the high from yesterday

296.75 after that

299.23 open gap (support)

288.47 the 12ema

288.08-288.20 the lows from the last 2 trading days

287.56 open gap

279.80 the recent daily "higher low"

Aug Vix futures 3 months, daily candles An oversold bounce here yesterday, giving more than half back today already

Spot Vix 3 months, daily candles A timid bounce yesterday, already not far from testing the lows today after giving most back. Inside bar day so far.

25.91 needed for the bull break

24.38 needed for the bear break

$DXY 3 months, daily candles Daily consolidation continues on king dollar

https://www.briefing.com/stock-market-update Market heads for modestly higher open 19-Jul-22 08:01 ET Market is Closed [BRIEFING.COM] S&P futures vs fair value: +28.80. Nasdaq futures vs fair value: +84.70. The S&P 500 futures are up 32 points and are trading 0.8% above fair value. The Nasdaq 100 futures are up 109 points and are trading 0.7% above fair value. The Dow Jones Industrial Average futures are up 191 points and are trading 0.7% above fair value. The futures for the major indices are indicating a modestly higher open. The BofA global fund manager survey reportedly indicated exposure to risk assets has been reduced to levels that weren't seen even during the global financial crisis and exposure to cash is at highest level since 2001, according to Bloomberg. Also in play is the average U.S. gasoline prices falling below $4.50/gallon for the first time in nine weeks. The energy complex futures have pulled back this morning. WTI crude oil futures are down 2.4% to $100.12/bbl. Unleaded gasoline futures are down 1.5% to $3.21/gal. Natural gas futures are down 2.0% to $7.23/mmbtu. In addition, the U.S. dollar is weakening with the EUR/USD up 1.2% to 1.0261. Also, the U.S. Dollar Index is down 0.9% to 106.42. Separately, the ECB may be considering a 50 basis point rate hike this week instead of the expected 25 basis points, according to Bloomberg. In corporate news:

  • Johnson & Johnson (JNJ 175.35, +1.12, +0.6%): beats by $0.04, reports revs in-line; lowers outlook

  • IBM (IBM 129.58, 8.55, -6.2%): beats by $0.02, beats on revs; reaffirms FY22 revenue guidance; cut free cash flow guidance

  • Halliburton (HAL 29.15, +0.30, +1.0%): beats by $0.04, beats on revs

  • Hasbro (HAS 74.80, +0.38, +0.5%): beats by $0.21, misses on revs; provides FY22 outlook

  • Netflix (NLFX 193.55, +2.63, +1.4%): up ahead of earnings report after today's close

  • Lockheed Martin (LMT 371.79, -15.49, -4.0%): misses by $0.07, misses on revs; lowers outlook, guides FY22 EPS below consensus, revs below consensus


3 views0 comments

Recent Posts

See All