S&P 500 Market Outlook For Tuesday, April 19, 2022.

2 years ago
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Daily Video Update
For Tuesday April 19, 2022
Recap 1: Monday, April 18, 2022
Open
Flat to higher Open
Midday:
Selling took prices negative.
Buying took prices back positive.
Close
Selling late in the day.
Buying at the Close.
Down: (-0.02%)
Volume:
Below average
Fixation:
Technicals, inflation & interest rates, geopolitical concerns.
Market Comments:
Technicals negative
ST oversold
Rising interest rates are impacting growth stocks.
Oil rising
Yield Curves not inverted. Dollar Index above 100.
Economic Reports:
NAHB Housing Market Index decreased as expected.
Trend Condition:
Trend: Trendless. Bias (negative). Momentum (negative).
The Day’s Session
Sentiment
Fear & Greed Index
VIX
The VIX of the VIX
Ulcer Indicator
Technical Alerts
SPX Sectors
Tech Sector
SOXX Index: Semiconductors
Inflation
CRB Index
SPX/CRB Ratio
CRB/SPX Ratio
Current Market Valuation
Technical Alerts
Intraday
10-Minute Chart
Daily Pivot Points
Support and Resistance levels
Retracement from High
Distance from 200 SMA
Growth vs. Value
Trend Analysis
ADX
ARRON
DecisionPoint Market Scoreboard
Breadth Analysis
Advance/Decline, NH/NL Studies
Short Term: Days to Weeks
Moving Averages Studies
MACD
Swenlin Trading Oscillator: STO
McClellan Oscillator
StochRSI
Williams %R
Force Index
Intermediate Term: Weeks to Months
50 period moving averages
PMO: Price Momentum Oscillator and studies
BPI: Bullish Percent Index
Moving average rainbow
Stochastic Studies
Summation Index
Momentum Studies
CCI: Commodity Channel Index
VTX: Vortex
RSI Studies: Relative Strength Index
BOP: Balance of Power
ConnorsRSI
Trading Systems
Elder Impulse System
SAR: Stop and Reverse
Chart Variations
Heikin Ashi
Kagi
Renko
Three-line break
Equivolume with EMV: Ease of Movement
Point and Figure
Long Term: Months to Years
S&P 500: Arithmetic and Logarithmic Scales
Vanguard Mega Cap Growth ETF: MGK
SpecialK
Long-Term Moving Average Studies
Fibonacci Retracement
Broad Market: Stocks
Dow Jones Composite Average: DJA
Dow Theory
FANG Plus Index
ARKK Innovation ETF
Dow Jones Industrial Average
DIA: Diamonds ETF
S&P 600 Small Cap Index
S&P 400 Mid Cap Index
NASDAQ Composite
NASDAQ 100: NDX
VXN: NASDAQ 100 Volatility Index
QQQ
NYSE Composite Index
S&P 100/S&P 500 Ratio
Wilshire 5000 Composite Index
World Indexes
ACWI All-World Stocks
World Index Non-US
Broad Market: Other Markets
US Dollar Index daily and weekly
Light Crude Oil
Gold: GLD
Silver: SLV
BTC: Bitcoin Index
Bonds
Yield Curve Studies
30-year Bond Yield Fibonacci Retracement
US Treasury Yields
World 10 Year Bond Yields
Pring World Bond Index
Dow Jones Corporate Bond Index
Moody’s Seasoned Aaa Corporate Bond Yield
Junk Bond Index: High Yield
ICE BofA US High Yield Index Effective Yield
Relative Studies
Gold/S&P500 Ratio
Energy/SPY Ratio
Energy/Tech Ratio
Growth/Bond Ratio
Tech/SPY Ratio
Tech/10-Year Yield Ratio
Tech/10-Year Yield Correlation
10-Year Yield/Tech Ratio
Discretionary/Staples Ratio
S&P 500/10-Year Yield Ratio
S&P 500 Low Volatility ETF
S&P 500 Low Volatility/SPY Ratio
Staples/S&P 500 Ratio
Tuesday, April 19, 2022 Outlook
Technicals: Negative but ST oversold.
The markets remain in a trendless IT range.
Growth vs Value battle
Interest rates
Supply Chain issues
Economic Reports:
NAHB Housing Market Index
Geopolitical events:
Russia/Ukraine. China/Supply Chain. Inflation & Interest rates.
Scenarios
1. Down (Negative)
A. Rising interest rates and inflation fears.
B. Technicals negative.
2. Up (Positive)
A. Positive backdrop after yield curves re-invert.
B. ST oversold:
MAs and pivots may provide support/resistance.
3. Sideways: (Neutral)
ADX is below 20 and continues to decline.
Price movement slow-down and choppy.
Conclusion
Overview:
The SPX is negative.
Short-Term: Negative but oversold.
Intermediate-Term: Negative
Oscillators: negative or weakening.
Below 50 SMA and 200 EMA.
Long-Term: Negative: Below 200 SMA.
Available Videos
Daily Snapshot Video
Daily Video update: full-length
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Monthly Videos
Markets
Economy*
Sectors*
International*
Thank You!
John Clay
The SPX Investing Program
John@SPXInvesting.com

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