1 min read

Daily Observations 12 January - Will NDX go higher at this point?

NDX is at a cross roads. Will it go higher than the mean? $DJI +0.11% | $SPX +0.28% | $RUT -0.82% | $NDX +0.38% | $VIX -4.51%
Daily Observations 12 January - Will NDX go higher at this point?
Photo by Brett Jordan / Unsplash

NDX is at a cross roads

$DJI +0.11% | $SPX +0.28% | $RUT -0.82% | $NDX +0.38% | $VIX -4.51%

Market Performance

Sector Performance

  • 10 of 11 sectors finished green today.
  • Best sector: Material adds 1.01% to 90.26.
  • Laggard sector: Healthcare slid -0.29% to 136.42.
  • VIX declines 4.13% to 17.65 (18.31 prev).
  • Crude oil /CL adds 1.88% to 82.74 (81.44 prev).
  • TNX slid 1.20% to 17.25 (17.46 prev).
  • TYX adds 0.05% to 20.74 (20.73 prev).

SPY Snapshot

SPY Daily Chart
  • $SPY gains 0.27% to 471.02 (469.73 prev).
  • 9-day EMA at 470.08 | 20-day EMA at 469.56 |  180-day SMA 466.06.
  • Relative strength index gains to 52.54 (50.03 prev). This is higher than our 44.66 support marker.
  • Volume slid for the second day in a row to 64.4M from 73.1M yesterday.

Earnings

  • 13 January: DAL
  • 14 January: BLK, C, JPM, and WFC

Disclaimer: I am not a professional investment adviser and my opinions are based on my own technical analysis.  Please consult an investment professional before making investment decisions.