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Stock market news today 2022
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The stock market breaks out - July 22, 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 show recovery for the second consecutive week - February 4, 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
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 breaks out - July 22, 2022
What happen to the market this week?
The stock market breaks out above its 10 week moving average, but strong resistance level is ahead. And many earnings reports are coming this week. It will help prove whether this market has its legs finally grounded or not.
The market indices have a good week.
| Index | Jul. 22 |
| Nasdaq | 3.33% |
| S&P 500 | 2.55% |
| Dow Jones | 1.95% |
| Russell 2000 | 3.58% |
What is the current support level?
The major indices are all back above its 50 days moving averages once again. It hasn't done that since April 1, 2022. It is a long time coming.
- NASDAQ - above its 50 days moving average line near 11660; current at 11834
- S&P 500 - above its 50 days moving average line near 4000; current at 3961
- DJIA - above its 50 days moving average line near 32000; current at 31899
- RUSSELL 2000 - above its 50 days moving average line near 1800; current at 1806
Psychological levels
- Nasdaq is now above 11000.
- S&P 500 is now below 3900.
- Dow Jones Industrial Average is above 31000.
- Small cap Russell 2000 is above 1700.
The next strong resistance level may be from near the previous recent peak at beginning of June:
- Nasdaq 12320
- S&P 500 4177
- Dow Jones Industrial Average 33272
- Russell 2000 1919
Stock market breadth - Accumulation vs Distribution for this week:
| Accumulation | Distribution | |
| #industry groups | 56 | 12 |
| #stocks | 213 | 74 |
Accumulation outpace distribution this week by quite a bit. That is a good sign. Lets hope this accumulation will continue.
Check out our course How to measure or calculate stock market breadth.
Which stocks from each industry group show strength?
There is a lot of accumulation this week in different sectors. This is a good sign.
| Sector | Industry | Sub-group | # | Stocks |
| Technology | Technology | Computer Software: Prepackaged Software (Special) | 1 | TEAM |
| Technology | Technology | Computer Software: Prepackaged Software (Database) | 2 | MSTR, NEWR |
| Technology | Technology | Computer Software: Prepackaged Software (Design) | 1 | PDFS |
| Technology | Technology | Computer Software: Prepackaged Software (Financial) | 2 | ARBK, COIN |
| Technology | Technology | EDP Services (Medical) | 3 | PRVA, SLP, TRHC |
| Technology | Technology | Computer Software: Prepackaged Software (Security) | 1 | CMCM |
| Technology | Technology | Electronic Components | 1 | SGH |
| Technology | Technology | Computer Manufacturing | 1 | SMCI |
| Technology | Technology | EDP Services (Integrated System) | 1 | AGYS |
| Technology | Technology | Computer Communications Equipment | 2 | DGII, NTGR |
| Technology | Technology | EDP Services (Tech Services) | 1 | PHUN |
| Technology | Technology | Semiconductors | 3 | CEVA, MRVL, NVDA |
| Technology | Technology | Semiconductors (Equip) | 8 | ACLS, AEHR, AEIS, ASML, KLAC, KLIC, LRCX, ONTO |
| Technology | Technology | Semiconductors (Manufacturing) | 4 | MTSI, MX, STM, UMC |
| Technology | Technology | Computer Software: Programming, Data Processing (Content) | 2 | ANGI, TWTR |
| Technology | Consumer Services | Television Services | 2 | CALX, LBTYA |
| Technology | Technology | Radio And Television Broadcasting And Communications Equipment | 2 | ADTN, CMTL |
| Technology | Consumer Durables | Telecommunications Equipment | 2 | CLFD, VIAV |
| Technology | Technology | Radio And Television Broadcasting And Communications Equipment | 1 | AVNW |
| Retail | Consumer Services | Clothing/Shoe/Accessory Stores | 2 | VFC, VNCE |
| Retail | Consumer Non-Durables | Shoe Manufacturing | 3 | CROX, DECK, SKX |
| Retail | Capital Goods | Auto Manufacturing | 2 | HMC, TSLA |
| Retail | Capital Goods | Auto Parts:O.E.M. (Parts) | 2 | DORM, XPEL |
| Retail | Consumer Non-Durables | Beverages Alcoholic (Production/Distribution) | 2 | DEO, SAM |
| Retail | Consumer Services | Other Consumer Services | 2 | BFAM, TAL |
| Retail | Consumer Non-Durables | Package Goods/Cosmetics | 1 | HNST |
| Retail | Capital Goods | Industrial Machinery/Components | 1 | ST |
| Retail | Consumer Non-Durables | Meat/Poultry/Fish | 1 | CALM |
| Retail | Consumer Services | Catalog/Specialty Distribution | 1 | LNDC |
| Retail | Consumer Non-Durables | Plastic Products | 1 | IRBT |
| Retail | Consumer Services | Hotels/Resorts (Gaming) | 2 | BALY, LVS |
| Retail | Consumer Services | Consumer Electronics/Video Chains | 4 | CNK, DLPN, NFLX, RDI |
| Retail | Consumer Services | Marine Transportation | 1 | WMG |
| Retail | Consumer Services | Television Services | 1 | LSXMA |
| Retail | Consumer Services | Television Services | 1 | SBGI |
| Retail | Consumer Services | Automotive Aftermarket (Parts) | 1 | CPRT |
| Retail | Consumer Services | RETAIL: Building Materials | 1 | GMS |
| Retail | Consumer Services | Clothing/Shoe/Accessory Stores | 1 | BBWI |
| Retail | Miscellaneous | Business Services (Internet) | 3 | AMZN, CPNG, ETSY |
| Retail | Consumer Services | Restaurants | 2 | EAT, WING |
| Retail | Consumer Services | Other Specialty Stores | 2 | GRWG, RBA |
| Retail | Consumer Services | Food Chains | 1 | TA |
| Retail | Transportation | Air Freight/Delivery Services | 1 | ALK |
| Industrial | Capital Goods | Military/Government/Technical | 5 | AJRD, BA, HEI, KTOS, SPR |
| Industrial | Consumer Durables | Building Products | 3 | AWI, BLD, PGTI |
| Industrial | Capital Goods | Tools/Hardware | 1 | SNA |
| Industrial | Basic Industries | Forest Products | 3 | LPX, UFPI, WFG |
| Industrial | Basic Industries | Major Chemicals: Plastics | 1 | TSE |
| Industrial | Basic Industries | Major Chemicals: Others | 3 | ASH, CNEY, MTX |
| Industrial | Technology | Advertising | 3 | IPG, LAMR, OMC |
| Industrial | Miscellaneous | Business Services | 1 | MMS |
| Industrial | Miscellaneous | Office Equipment/Supplies/Services | 1 | PBI |
| Industrial | Technology | Diversified Commercial Services | 2 | HRI, URI |
| Industrial | Miscellaneous | Business Services (Outsourcing) | 3 | ADP, ARMK, UNF |
| Industrial | Consumer Durables | Containers/Packaging | 2 | ATR, SON |
| Industrial | Technology | Industrial Machinery/Components | 1 | CSL |
| Industrial | Capital Goods | Electrical Products | 1 | NOVT |
| Industrial | Consumer Durables | Metal Fabrications | 1 | EVGO |
| Industrial | Miscellaneous | Industrial Machinery/Components | 1 | VICR |
| Industrial | Capital Goods | Fluid Controls | 5 | BMI, DOV, IEX, SXI, ZWS |
| Industrial | Basic Industries | Aluminum | 2 | MLI, VMI |
| Industrial | Basic Industries | Environmental Services | 1 | CECE |
| Industrial | Consumer Services | Diversified Commercial Services | 1 | NSSC |
| Industrial | Transportation | Air Freight/Delivery Services | 1 | AAWW |
| Industrial | Transportation | Railroads | 1 | CSX |
| Industrial | Transportation | Trucking Freight/Courier Services | 5 | CVLG, JBHT, KNX, MRTN, TFII |
| Industrial | Capital Goods | Auto Manufacturing | 1 | SHYF |
| Industrial | Public Utilities | Power Generation | 1 | GNE |
| Health | Finance | Specialty Insurers | 1 | CRVL |
| Health | Health Care | Major Pharmaceuticals | 4 | APLS, INCY, NCNA, VERV |
| Health | Health Care | Major Pharmaceuticals (Diversified) | 1 | DHR |
| Health | Health Care | Major Pharmaceuticals (Ethical Drugs) | 1 | NVS |
| Health | Health Care | Hospital/Nursing Management | 3 | CYH, HCA, THC |
| Health | Health Care | Medical Specialities | 2 | AMEH, ONEM |
| Health | Health Care | Medical/Nursing Services | 2 | ACHC, ADUS |
| Health | Health Care | Medical/Dental Instruments | 6 | DXCM, QGEN, RGEN, SILK, SYK, TFX |
| Health | Health Care | Biotechnology: Commercial Physical & Biological Research | 5 | AVTR, IQV, MEDP, MYGN, TMO |
| Health | Health Care | Medical Specialities (Services) | 2 | BEAT, NEO |
| Health | Health Care | Biotechnology: Electromedical & Electrotherapeutic Apparatus | 1 | MASI |
| Health | Health Care | Other Pharmaceuticals | 1 | OMI |
| Commodities | Energy | Industrial Machinery/Components | 2 | BEPC, NEP |
| Commodities | Technology | Semiconductors (Solar) | 2 | ENPH, FSLR |
| Commodities | Energy | Oil & Gas Production (Canada) | 1 | VET |
| Commodities | Basic Industries | Steel/Iron Ore | 1 | NUE |
| Financial | Finance | Commercial Banks | 2 | BSMX, SUPV |
| Financial | Finance | Major Banks | 2 | GS, MS |
| Financial | Finance | Major Banks (Northeast) | 4 | INDB, MCB, MTB, TBBK |
| Financial | Finance | Major Banks (Southeast) | 7 | FBK, FCNCA, HWC, LOB, SFNC, SNV, UCBI |
| Financial | Finance | Major Banks (Regional) | 2 | HBAN, RF |
| Financial | Finance | Major Banks (West) | 3 | PPBI, SI, TCBI |
| Financial | Capital Goods | Homebuilding | 5 | DHI, GRBK, LEN, TOL, TPH |
| Financial | Finance | Finance: Consumer Services | 2 | IX, WRLD |
| Financial | Miscellaneous | Business Services | 4 | AXP, EVOP, EVRI, GPN |
| Financial | Finance | Investment Bankers/Brokers/Service | 2 | JEF, MKTX |
| Financial | Finance | Investment Managers | 2 | AMTD, MARA |
| Financial | Consumer Services | Real Estate Investment Trusts | 3 | ARE, GLPI, HIW |
| Financial | Finance | Major Banks (Savings) | 2 | FFBC, SYF |
| Financial | Consumer Services | Other Consumer Services (Specialty) | 7 | ECPG, HUT, IMXI, LC, MSCI, NDAQ, RIOT |
| Financial | Finance | Specialty Insurers | 1 | MMC |
| Financial | Finance | Real Estate | 1 | KW |
Which stocks from each industry group show weakness?
| Sector | Industry | Sub-group | # | Stocks |
| Technology | Technology | Computer Software: Prepackaged Software (Enterprise) | -4 | BRZE, CDLX, FSLY, KERN |
| Technology | Technology | Computer Communications Equipment | -1 | SWIR |
| Technology | Technology | EDP Services (Tech Services) | -1 | IBM |
| Technology | Technology | Computer Software: Programming, Data Processing (Content) | -4 | GOOG, GOOGL, PINS, SNAP |
| Technology | Public Utilities | Telecommunications Equipment (Foreign) | -1 | TEO |
| Technology | Public Utilities | Telecommunications Equipment (Integrated) | -2 | T, VZ |
| Technology | Public Utilities | Telecommunications Equipment (Wireless) | -3 | TDS, TMUS, USM |
| Retail | Capital Goods | Auto Manufacturing | -2 | LI, XPEV |
| Retail | Capital Goods | Auto Parts:O.E.M. (Equipment) | -1 | GNTX |
| Retail | Consumer Non-Durables | Beverages Non-Alcoholic (Production/Distribution) | -1 | FMX |
| Retail | Consumer Durables | Specialty Chemicals | -1 | GNLN |
| Retail | Consumer Non-Durables | Specialty Foods | -1 | SMPL |
| Retail | Consumer Non-Durables | Meat/Poultry/Fish | -1 | SAFM |
| Retail | Consumer Services | Catalog/Specialty Distribution | -1 | APRN |
| Retail | Consumer Non-Durables | Recreational Products/Toys, Motor Vehicles | -1 | AOUT |
| Retail | Consumer Services | Marine Transportation | -1 | CUK |
| Retail | Consumer Durables | Automotive Aftermarket | -1 | LAD |
| Retail | Consumer Services | RETAIL: Building Materials | -1 | TSCO |
| Retail | Consumer Services | Consumer Electronics/Video Chains | -1 | GME |
| Retail | Consumer Services | Other Specialty Stores (Leisure) | -1 | POOL |
| Retail | Consumer Non-Durables | Farming/Seeds/Milling | -1 | BTI |
| Retail | Transportation | Air Freight/Delivery Services | -2 | AAL, UAL |
| Industrial | Capital Goods | Military/Government/Technical | -1 | AIR |
| Industrial | Basic Industries | Major Chemicals | -1 | BAK |
| Industrial | Technology | Professional Services | -2 | AMN, MAN |
| Industrial | Basic Industries | Aluminum | -2 | IIIN, KALU |
| Industrial | Consumer Services | Diversified Commercial Services | -1 | BCO |
| Industrial | Public Utilities | Power Generation | -1 | NWE |
| Industrial | Basic Industries | Electric Utilities: Central | -1 | AES |
| Health | Finance | Specialty Insurers | -1 | HCSG |
| Health | Health Care | Major Pharmaceuticals | -8 | AMRN, ATRA, BIIB, CGEN, HRMY, LEGN, MYOV, RARE |
| Health | Health Care | Major Pharmaceuticals (Diversified) | -1 | JNJ |
| Health | Health Care | Medical Specialities | -1 | ELV |
| Health | Health Care | Medical/Dental Instruments | -2 | NEOG, TXG |
| Health | Health Care | Medical Specialities (Services) | -3 | DGX, NVTA, OTRK |
| Commodities | Energy | Industrial Machinery/Components | -1 | FCEL |
| Commodities | Basic Industries | Precious Metals | -5 | AEM, FNV, GOLD, NEM, WPM |
| Commodities | Basic Industries | Precious Metals | -1 | TECK |
| Commodities | Energy | Oilfield Services/Equipment | -1 | HAL |
| Commodities | Energy | Metal Fabrications | -1 | BKR |
| Commodities | Energy | Oil & Gas Production (Royalty Trust) | -1 | BPT |
| Financial | Finance | Major Banks (Northeast) | -1 | SBNY |
| Financial | Finance | Major Banks (Regional) | -1 | SIVB |
| Financial | Finance | Finance: Consumer Services | -1 | YRD |
| Financial | Consumer Services | Other Consumer Services (Specialty) | -1 | ALLY |
| Financial | Finance | Property-Casualty Insurers | -1 | WRB |
| Financial | Finance | Real Estate | -1 | FOR |
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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