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Stock market news today 2022
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The stock market show recovery for the second consecutive week - February 4, 2022
Related:
The stock market started the year with a selloff - January 7, 2022
The stock market continue with the inflation tolerant stocks - January 15, 2022
The stock market was decimated into correction territory - January 21, 2022
The stock market close the week off on a positive note - January 28, 2022
The stock market gave back previous week's gains - February 11, 2022
The stock market conditions seem to be deteriorating - February 18, 2022
The stock market is trying to rebound after Russia invades Ukraine - February 25, 2022
The stock market may be looking to test the bottom soon - March 4, 2022
The stock market made a closing low this week - March 11, 2022
The stock market closed strong this week despite first rate hike - March 18, 2022
The stock market rise for the second consecutive week - March 25, 2022
The stock market took a breather this week - April 1, 2022
The stock market conditions deteriorated this week - April 8, 2022
The stock market conditions continue to deteriorate this week - April 15, 2022
Was the recent rally since March 14 bottom a bear market rally? - April 22, 2022
Nasdaq and Russell 2000 confirmed bear market rally - April 29, 2022
Is stock market showing signs of bottoming? - May 6, 2022
Stock market attempt rally after new lows - May 13, 2022
Stock market decimated rally and S&P 500 made new intraday bear market - May 20, 2022
Stock market is on the verge of relief rally - May 27, 2022
The market rally took a pause this week - June 3, 2022
Is this another bear market rally? - June 10, 2022
Bear market continues as stock market indices made new low - June 17, 2022
The stock market show signs of improvements - June 24, 2022
This has been a disappointing week for the stock market - July 1, 2022
The stock market rebound strongly this week - July 8, 2022
The stock market is stuck in a trading range - July 15, 2022
The stock market breaks out - July 22, 2022
Why is stock market bullish today, or is it going to turn bearish soon
Is stock market ready for a pause or will it continue this rally? - August 5, 2022
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The stock market show recovery for the second consecutive week - February 4, 2022
What happen to the market today?
The stock market show recovery for the second consecutive week. This is a good sign that market most likely have bottom on Jan. 24, 2022.
Index | Jan. 31 - Feb. 4 |
Nasdaq | 2.38% |
S&P 500 | 1.55% |
Dow Jones | 1.05% |
Russell 2000 | 1.72% |
Earnings season has started. Expectations for mega cap techs that represent economic growth have mostly been met.
MSFT (positive)
AAPL (positive)
TSLA (negative)
GOOGL (positive)
AMZN (positive)
FB (negative)
With good job numbers on Friday, the futures show that Federal Reserve have now priced in five rate hikes this year and there is 28% possibility of 0.5% rate hike in March.
What is the current support level?
All the major market indices are trying to recover above its 10 days moving average. If they can move above this and this short term trend can continue upward, then this recovery rally might have legs.
If major indices can punch above the 10 days moving average, then there may be more investors jumping back into the stocks.
- NASDAQ - below its 50 days moving average line near 15200; current at 14098
- S&P 500 - below its 50 days moving average line near 4640; current at 4500
- DJIA - below its 50 days moving average line near 35560; current at 35089
- RUSSELL 2000 - below its 50 days moving average line near 2190; current at 2002
Psychological levels
- Nasdaq is now above 14000.
- S&P 500 is now at 4500.
- Dow Jones Industrial Average is now above 35000.
- Small cap Russell 2000 is now above 2000.
Stock market breadth - Accumulation vs Distribution for this week:
#industry groups 114 vs 118
#stocks 294 vs 268
The stock market breadth is showing more stocks under accumulation than distribution. This is a good sign of the market correction recovery.
Check out our course How to measure or calculate stock market breadth.
Which industry groups show strength?
There are many signs of industry groups showing accumulation in different sectors.
Sector | Industry | Sub-group | # | Stocks |
Technology | Technology | Computer Software: Prepackaged Software (Financial) | 2 | BILL, JKHY |
Technology | Technology | EDP Services (Gaming) | 2 | EA, TTWO |
Technology | Technology | Computer Software: Prepackaged Software (Security) | 4 | CHKP, FTNT, NLOK, RPD |
Technology | Technology | Computer Software: Programming, Data Processing (Content) | 6 | CARG, GOOG, GOOGL, SNAP, TWTR, YELP |
Retail | Consumer Services | Catalog/Specialty Distribution | 2 | DOLE, MKC |
Retail | Consumer Services | Hotels/Resorts (Gaming) | 3 | BYD, CZR, DKNG |
Retail | Consumer Services | Hotels/Resorts (Lodging) | 3 | IHG, MAR, WH |
Retail | Consumer Services | Television Services | 3 | DISCA, DISCK, TGNA |
Retail | Miscellaneous | Business Services (Internet) | 3 | AMZN, CPNG, OSTK |
Health | Health Care | Medical Specialities | 3 | GTS, HUM, MOH |
Commodities | Basic Industries | Agricultural Chemicals | 2 | CF, MOS |
Commodities | Energy | Coal Mining | 4 | ARCH, BTU, CNX, HCC |
Commodities | Energy | Oil & Gas Production: Drilling | 2 | HP, RIG |
Commodities | Energy | Integrated oil Companies | 7 | AM, BP, EQT, MRO, PTR, WMB, XOM |
Commodities | Energy | Oil & Gas Production (International) | 5 | COP, HES, MUR, OVV, OXY |
Commodities | Energy | Integrated oil Companies | 6 | DK, GLP, MPC, NS, TRGP, VLO |
Commodities | Basic Industries | Steel/Iron Ore | 2 | NUE, TS |
Financial | Finance | Major Banks (Midwest) | 3 | CBSH, MBIN, UMBF |
Financial | Finance | Major Banks (Northeast) | 3 | CFG, MTB, TBBK |
Financial | Finance | Major Banks (Regional) | 6 | FITB, HBAN, NTRS, PNC, SIVB, TFC |
Financial | Finance | Major Banks (West) | 3 | EWBC, FINW, FRC |
Financial | Finance | Investment Bankers/Brokers/Service | 6 | EVR, HOOD, JEF, LPLA, SCHW, SF |
Financial | Consumer Services | Other Consumer Services (Specialty) | 8 | CME, FLT, HIVE, HRB, HUT, ICE, MSCI, VIRT |
Financial | Finance | Specialty Insurers | 2 | AON, BRO |
Financial | Finance | Life Insurance | 7 | AEL, BHF, GNW, LNC, MET, PRU, SLF |
Which industry groups from recent strength show weakness this week?
Relative strength drops by 1% | ||||
Industrial | Consumer Services | Marine Transportation | 5 | DAC, ESEA, GOGL, NMM, SBLK |
Disclaimer: MCBOSS CAPITAL provides financial education and information research. None of this information should be used for investment purpose. Please seek professional advice. Information provided may not always be accurate.
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