Monday, April 22, 2024

SPX Higher Close as Buyers Control Monday...Financial, Consumer Staples, Utilities Lead all Sectors Higher...GS Leads DJIA...Earnings Season Accelerates with 162 SPX Companies to Report...


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The SPX +43.37, 5,010.60, opened higher, trended up and closed higher just below the high of the low day.  

GS +13.35, +3.30%, 417.35, led the DJIA after decision to sell their Robo-Investing for the masses business unit. 

NVDA +33.18, +4.35%, 762.00, opened higher, trended up and closed higher after a selloff in sympathy with SMCI on Friday.


Tuesday Q1 day 8: BMO: DGX, DHR, FCX, FI, GE, GM, HAL, IVZ, KMB, LKQ, LMT, MSCI, NEE NVR, PEP, PHM, PM, PNR, RTX, SHW, UPS, WRB, AMC: BKR, CB, CSGP, ENPH, EQR, EQT, IEX, STLD, STX, TSLA, TXN, V, VLTO

This week: TSLA on Tue…META on Wed…GOOGL, MSFT on Thur., Total = 162 SPX

First day reaction: Q1
Positive:  TFC, AXP, FITB, GPC, DFS, ELV, KMI, MMC, CMA, CCI, UAL, CFG, OMC, UNH, MS, MTB, GS, SCHW, STT, STZ = 20
Neutral:  HBAN, PG, RF, CSX, DHI, KEY, PGR, WFC = 8
Negative:  VZ, NFLX, PPG, SLB, ISRG, LVS, EFX, SNA, BX, JBHT, TRV, PLD, ASML, USB, ABT, NTRS, BAC, JNJ, PNC, BK, JPM, BLK, C, KMX, FAST, DAL = 25


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


SPY up 4.56 at 499.72 on 67.8 million shares, average volume,
VIX down 1.77 at 16.94
QQQ up 4.17 at 418.82

GS, JPM, PG, AMZN led the DJIA, 25 advancers, +4
F, UAL, NVDA, ENPH, DVA led the SPX, 411 advancers 
PDD, NVDA, MDB, MRNA led the NDX, 85 advancers

Up:   IWM, QQQ, SPY, DIA,
Down

All eleven sectors were higher on Monday, led by XLF, XLP and XLU

The SPY MFC green line turned up at 7.7 and is short-term bullish.

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

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 TrendDown a little


85 of 100 NDX stocks closed higher on Monday.

16 NDX stocks are above their 30 DMA:  CTAS, FANG, AZN, GOOGL, KHC, KDP, XEL, PEP, AEP, EXC, TMUS, ADP, CEG, MDLZ, PANW, PDD,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 5
ADP, CEG, MDLZ, PANW, PDD,


Moving Below 30 DMA = 0




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