Monday, January 29, 2024

SPX, DJI, NDX make All-time Closing Highs, MSFT, GOOGL, META also make All-time Closing Highs...Consumer Discretionary, Technology, Communication Services Lead Sectors...MSFT, GOOGL, AMD Tuesday AMC EPS...


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The SPX +36.96 opened flat and closed higher after a strong rally during the final hour of trading.  Semiconductor stocks recovered from Friday’s selloff after weak guidance from INTCSPY, DIA, QQQ, MSFT, GOOGL and META each hit all-time closing highs.

MSFT, GOOGL and AMD report EPS Tuesday AMC.  AAPL, AMZN and META report EPS Thursday AMC. closed at all-times highs today.

FOMC announcement on Wednesday at 2:00 pm ET and Jobs Report on Friday.


Tuesday, day 12 of Q4 earnings season continues with 15 SPX companies AOS, DHR, GLW, GM, HCA, HUBB, JCI, MPC MSCI, NVR, PFE PHM, PNR, SYY, UPS reporting BMO and 16 AMD, BXP, CB, EA, EQR, GOOG, GOOGL, JNPR MDLZ, MSFT, MTCH, RHI, SBUX, SWKS, SYK, TER reporting AMC.  107 SPX companies report this week.


First day reaction: Q4
PositiveAXP, COF, LHX, CL, URI, AAL, IBM, RMD, WRB, CCI, MKC, PKG, DOW, CMCSA, VLO, BX, LRCX, STX, CSX, NEE, RJF, XEL, LVS, NFLX, TXT, TEL, GD, FCX, APH, VZ, RTX, UAL, BRO, PG, PCAR, HAL, TRV, RF, HBAN, FITB, SLB, STT, FAST, JBHT, MTB, CFG, BK, C = 48

Neutral:  BEN, TMUS, WY, SHW, AMP, NOW, UNP, STLD, ELV, ISRG, SYF, GE, CMA, TFC, GS, PNC, BLK, JPM = 18

NegativeINTC, FICO, KLAC, WDC, AJG, V, NSC, TSLA, HUM, NOC, MMC, LUV, KMB, TDY, BKR, T, ABT, TXN, MMM, DHI, IVZ, LMT, JNJ, ZION, PPG, DFS, KEY, NTRS, KMI, PLD, USB, SCHW, MS, DAL, UNH, WFC, BAC, = 37


Mega caps TSLA, NVDA, META, MSFT, AMZN, GOOGL rose and AAPL fell on Monday.


SPY up 3.86 at 491.27 on 60.5 million shares, below average volume, closed higher on lower volume. 
VIX up .34 at 13.60
QQQ up 4.34 at 428.15

CRM, DIS, V, MSFT led the DJIA, 21 advancers, +6
ADM, CCL, BLDR, KMX led the SPX, 366 advancers 
MDB, TTD, ILMN, TSLA led the NDX, 85 advancers.

The two-year trend term is sideways.  The one-year trend is up.

Up:   IWM, QQQ, SPY, DIA,
Down 


Ten of eleven sectors were higher on Monday, led by XLY, XLK and XLC.

The SPY MFC green line turned up at 95.7 and is short-term bullish. 


Uptrend sectors:   XLC, XLK, XLF, XLV, XLY, XLI, XLRE, XLB, XLP, XLU,
Neutral sectors: 
Down trend sectors:  XLE,


The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendUp


85 of 100 NDX stocks closed higher on Monday.

70 NDX stocks are above their 30 DMA:  CRWD, CTAS, ROST, TMUS, AMD, QCOM, COST, ZS, BKNG, MAR, ISRG, MRNA, TEAM, REGN, AMGN, ILMN, AVGO, MRVL, MU, FTNT, META, VRTX, CSCO, CCEP, SPLK, GOOG, ADP, MDLZ, ADSK, NVDA, AMZN, CTSH, DASH, DDOG, GOOGL, LRCX, MSFT, NFLX, WDAY, PANW, TTWO, MELI, CDNS, ORLY, ROP, VRSK, AMAT, ASML, CDW, FAST, INTU, KLAC, PCAR, AAPL, ABNB, ADBE, ADI, CMCSA, SNPS, EA, CEG, CSX, FANG, KHC, CSGP, PYPL, CHTR, CPRT, MDB, ODFL, PAYX, PEP, TTD,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 7
CHTR, CPRT, MDB, ODFL, PAYX, PEP, TTD,


Moving Below 30 DMA = 0




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