© 2023
SPY, DIA, QQQ traded
in a slightly lower range with buyers and sellers more balance a day after
Fitch downgraded US long term rating to AA+ from AAA.
After hours: AAPL beat EPS and revenue estimates, but drifted
lower after the close, AMZN
gained $11.26, while FTNT beat EPS, missed on revenues and dropped $12.01. PANW moved lower in sympathy with FTNT’s
drop.
Friday, day 17 of Q2 Earnings Season with 5 SPX
companies reporting BMO: CBOE, D, EVRG, LYB, PPL and BRK/B reporting
Saturday.:
First day reaction: Q2 through Thursday, August 3, 2023…
Positive: CLX, CTSH, APA, CDAY, WRK, CEG, REGN, MCK, BALL, EPAM,
TRMB, APTV, PH, PSA, DINO, WBD, MET, IR, WMB, FRT, VMC, OXY, HAS, WAT, AFL,
AIZ, HUM, CDW, BG, EMR, BXP, CVS, VRTX, TT, STE, AIF, PXD, VRSK, GRMN, MOS
ABC, HKC, ANET, GPN, CAT, LDOS, ETN, SWK, SBAC, WELL MAR, MPC, ECL, ON, TROW, NWL,
CINF, DLR, INTC, KLAC, FSLR, BEN MDLZ, EIX, PG, ESS, DXCM, CHD, ALGN, TXT, LRCX, RCL, STX, CMCSA, ABBV, IP, META, CARR, TSCO, WAB, KDP, IEX, PNR,
AMT, MCD, UNP, BA, ODFL, GOOGL, ADP, CB,, APH, EQT, CME, OTIS, FTV, TEL, GD, KO, PKG, MSCI, GE, PHM, FFIV, MMM, NXPI, ADM, SHW, BRO, GLW,
NVR, DOW, MCO, ROP, ZION, JNJ, ABT, KEY, UAL
FCX, FITB, MKTX, IBM, KMI, TRV, MMC, NTRS,
USB, CFG, ELV, JBHT, MTB, SCHW, MS, BAC, BK PNC, SYF,
UNH, PEP = 141
Neutral: CHRW, TRGP, PWR, LNC, MRO, MRNA, QRVO, COP, K, SBUX, NI, ETR,
XYL, EXC, MTCH, FE, WDC, RSG, AME, FANG, PEG, INCY, SYY, RVTY, WEC, AVB, MO,
TMUS, PEAK, AJG, CVX, VRSN, PTC, MAS, AWK, BSX, VLO, NSC, URI, LIN, TMO, T,
HES, HLT, V, VZ, ARE, NEE, GEHC, DHR, DPZ, COF, WRB, PPG, HBAN, PM, GS, BKR,
JPM, WFC, CAG, CTAS, DAL = 64
Negative: DXC, EXPE, ETSY, PYPL, QCOM, CMI, HST, MGM, ANSS, APD, EQIX, SPG, PNW, CI, TFX, SO, IRM, BDX, ATO, ICE, O,
SRE, FMC, ALB, AEE, GNRC,
PAYC, SEDG, JCI, BWA, DVN, EA,
AMD, ALL, CZR, DO, PSX, FIS, VFC,
PRU, YUM, ZBRA, NCLH, ROK, TAP, ITW, ZBH HWM IDXX, HOLX, ES, IT, IQV, MRK, PFE, LYV, ENPH,
JNPR, MHK, CNC, AON, HIG, PFG, F, CL, EMN, EQR, WY, XOM, MTD, CHTR, EBAY,
CMG, EW, LUV, ROL, WTW, SPGI, BAX, WST, FTI, LHX, TYL, CBRE, HON, GWW,
ORLY, UDR, BMY, LKQ, TER, XEL, NOW, MLM, ACGL, CMS, HSY, KIM, CNP, AEP, NOC,
GL, VICI, MAA, HCA, RJF, MA, EG, AOS, INVH, PCG, AMP, DTE, LH, MOH, CSGP,
ALLE, TDY, DGX, RHI, UHS, TXN, WM, MSFT, PI, RTX, ALK, IVZ, LW, DOV, GM, KMB, WHR, PCAR, BIIB, AVY, CDNS, IPG, CMA, AXP, CSX, ISRG, RF,
SLB, DFS, TSLA, EFX, NFLX, GPC, SNA, TFC, AAL, NEM, LVS, CCI, STLD, DHI,
POOL, OMC, HAL, NDAQ, HAS, LMT, PLD, STT, C, BLK, PGR, FAST = 170
Non-SPX = UBER
Mega
caps TSLA, NVDA, AMZN, GOOGL rose and MSFT, META, AAPL fell.
SPY down 1.29 at 448.84, on 64.4 million shares, below average volume, down on lower
volume.
VIX down .17 at 15.92
QQQ down .60 at 373.79,
INTC, CSCO, NKE, JPM led the DJIA, 16 advancers, +8
CLX, APA, CDAY, WRK led the SPX, 291 advancers
MELI, CTSH, CEG, PDD led the NDX, 44 advancers.
The two-year trend term is sideways. The
one-year trend is up.
Up:
Down: QQQ, DIA, IWM, SPY,
Three of eleven sectors were higher on Thursday, led by XLE,
XLY and XLF.
The SPY
MFC green line is pointed down at 80.8 and is counter-trend
defensive. SPY opened
lower, traded in a range and closed lower.
Uptrend sectors: XLK, XLC,
XLY, XLI, XLF, XLB, XLRE,
Neutral sectors: XLV, XLP, XLU, XLE,
Down trend sectors:
The 6-month intermediate
trend is up. The ten-day trend is down.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Down
44 of 100 NDX stocks
closed higher on Thursday.
59
NDX stock are above their 30 DMA: NVDA, CEG, META, TTD, VRSK, AVGO, WDAY, ADBE, NXPI, COST, PDD, BKR,
CSX, MCHP, ABNB, PCAR, SIRI, INTU, ROST, ODFL,
ON, DLTR, ADP, CHTR, CMCSA,
DDOG, MAR, PAYX, BKNG, FANG, AMGN, MRVL,
SBUX, ZM, PDD, KDP, CSCO, MRNA, PEP, JD, CRWD, INTC, MU, GOOGL, LRCX, ZS, ALGN, AMAT,
KLAC, REGN, AZN, MDLZ, MNST, WBA, AMD, CTSH,
LULU, MELI, WBD,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 5
AMD, CTSH, LULU, MELI, WBD,
Moving Below 30 DMA = 10
AAPL, ADI, CTAS, EXC, FAST, ILMN, KHC, PYPL, QCOM, VRTX,
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