© 2023
The SPX +45.85 opened
higher after SCHW EPS BMO and closed higher on
a broad rally.
Philadelphia Fed Bank President Patrick Harker said the Fed,
“should not at this point be thinking about any increases.”
Breadth was positive on Monday.
Tuesday day 4 of Q3 Earnings Season with 6 SPX
companies reporting BMO and 3 AMC. 55 SPX companies report this week.
First day reaction: Q2 …
Positive: SCHW, PGR, WFC,
UNH, JPM, FAST, WBA, = 6
Neutral: C, DPZ = 2
Negative: BLK, PNC, DAL = 3
Mega
caps AMZN, META, MSFT, NVDA, GOOGL, TSLA rose and AAPL, fell on
Thursday.
SPY up 4.54 at 436.04, on 75.2 million
shares, below average volume, closed higher on lower volume.
VIX down 2.11 at 17.21
QQQ up 4.13 at 369.41
NKE, TRV, CRM, VZ led the DJIA, 26 advancers, +14
HBI, ETSY, WBD, VFC led the SPX, 458 advancers
LULU, WBD, TEAM, ROST led the NDX, 90 advancers.
The two-year trend term is sideways. The
one-year trend is up.
Up: IWM, QQQ, SPY, DIA,
Down:
All eleven sectors were higher on Monday, led by XLY, XLC and XLI.
The SPY MFC green
line is pointed
up at 42.5 and is short-term bullish. SPY opened higher and closed higher
after a breakout test on Thursday and Friday.
Uptrend sectors: XLE, XLC,
XLK,
Neutral sectors: XLF, XLY, XLI, XLB, XLV,
Down trend sectors: XLU, XLRE, XLP,
The 6-month intermediate
trend is up. The ten-day trend is up.
3-month Intermediate Term Market
Trend: Down
3-day Short Term Market Trend: Sideways
90 of 100 NDX stocks
closed higher on Monday.
56
NDX stocks are above their 30 DMA: SGEN,
PDD, CRWD, COST, META, SIRI, AMGN, EA, GOOGL, SNPS, VRTX, BIIB, REGN, ADP, AMD,
CDNS, CEG, CPRT, CSGP, CSX, FAST, INTU, MSFT, NVDA, PANW, TMUS, XEL, ZS, AAPL,
AVGO, CHTR, CTAS, FANG, PAYX, ENPH, GILD, KLAC, WBA, ADBE, EXC, LRCX, GEHC,
ORLY, ADSK, ASML, AZN, DLTR, INTC, LULU, MCHP, NXPI, ODFL, PCAR, ROST, SBUX, TTD,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 13
ADSK, ASML, AZN, DLTR, INTC, LULU, MCHP, NXPI, ODFL, PCAR, ROST, SBUX, TTD,
Moving Below 30 DMA = 1
VRSK,
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