Tuesday, January 23, 2024

SPX, NDX another All-time Closing High...Consumer Staples, Communication Services, Technology Lead Sectors...After-hours: NFLX Up, TXN Down on EPS Reactions...


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The SPX +14.17 closed at a new all-time high as did NDX.   UAL, ENPH, ROKU, STX, ORCL, NFLX, NKE, WDC, SHOP were among the advancers on Tuesday.  NDX 17,404 closes at an all-time closing high.


After-hoursNFLX +40.71, +8.29%, positive EPS reaction.  TXN -8.34, -4.89%, negative EPS reaction.


GDP report Thursday at 8:30 am ET.  Personal Income and Outlays, PCE report Friday at 8:30 am ET.


Wednesday day 8 of Q4 earnings season continues with 10 SPX companies ABT, APH, ELV, FCX, GD, KMB, T, TDY, TEL, TXT reporting BMO and 14 AMP, CCI, CSX, IBM, LRCX, LVS, NOW, PKG, RJF, RMD, STX, TSLA, URI, WRB reporting AMC.  74 SPX companies report this week. 

First day reaction: Q4
PositiveVZ, RTX, UAL, BRO, PG, PCAR, HAL, TRV, RF, HBAN, FITB, SLB, STT, FAST, JBHT, MTB, CFG, BK, C = 19
Neutral:  SYF, GE, CMA, TFC, GS, PNC, BLK, JPM = 8
NegativeMMM, DHI, IVZ, LMT, JNJ, ZION, PPG, DFS, KEY, NTRS, KMI, PLD, USB, SCHW, MS, DAL, UNH, WFC, BAC, = 19


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


SPY up 1.41 at 484.86 on 49.8 million shares, below average volume, closed higher on lower volume. 
VIX down .64 at 12.55
QQQ up 1.75 at 423.48


VZ, PG, INTC, NKE led the DJIA, 19 advancers, -4
VZ, RTX, UAL, BRO, ENPH led the SPX, 269 advancers 
PCAR, GFS, FTNT, NXPI led the NDX, 69 advancers.

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

Up:   QQQ, SPY,
DownDIA, IWM,

Seven of eleven sectors were higher on Tuesday, led by XLP, XLC and XLK.

The SPY MFC green line is pointed up at 91.4 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


69 of 100 NDX stocks closed higher on Tuesday.

73 NDX stocks are above their 30 DMA:  CRWD, CTAS, ROST, TMUS, DXCM, AMD, QCOM, COST, ZS, BKNG, MAR, ISRG, CSX, MRNA, TEAM, REGN, AMGN, ILMN, AVGO, MRVL, MU, ANSS, 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, SIRI, AMAT, ASML, CDW, FAST, INTC, INTU, KLAC, PCAR, PYPL, TXN, AAPL, ABNB, ADBE, ADI, CMCSA, CPRT, GFS, MCHP, MDB, PAYX, CEG, ODFL, SNPS, CHTR, EA, NXPI,

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 3
CHTR, EA, NXPI,


Moving Below 30 DMA = 1
AZN,



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