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The SPX -17.30, 5,018, opened lower, traded in a range, rallied 50+ points during Powell’s
FOMC press conference, reversed down after the end of the press conference
into a symmetrical selloff and closed -0.34% lower. The Fed
left rates unchanged as expected, while maintaining their data dependent approach
and view that monetary policy is sufficiently restrictive to achieve their 2% inflation
goal over time.
NVDA -33.61, -3.89%, 830.41, opened lower and closed lower.
Earning reactions:
SMCI -120.50, -14.03%, on a negative
earnings reaction after an EPS beat and revenue miss.
AMD -14.11, -8.91%, on a negative
earnings reaction after a slight EPS and revenue beat, and in-line guidance.
AMZN +4.00, +2.29%, on a
positive earnings reaction to better-than-expected EPS and revenues.
This Week 175 SPX
eps reports: Thursday AMC – AAPL
Thursday Q1 day 15 BMO:
AME, APTV, BAX, BDX, BWA, CAH, CHD, CI, CMI, COP, D, EXC, HII, HWM, ICE,
IQV, IRM, K, KIM, LIN, MCO, MRNA, PH, PNW, PWR, REGN, SO SWK, TFX, TRGP, VMC,
WRK, XYL, ZBH, ZTS, AMC: AAPL, AEE, AES,
AMGN, BKNG, CPT, CTRA, DLR, DVA, ED, EOG, EXPE, FRT, FTNT, HOLX, ILMN, IR, LNT,
LYV, MNST, MSI, PXD, REG
First day reaction: Q1
Positive: TECH, GRMN, AMCR, DD, VRSK, PFE, EXR,
AMZN, ADP, PPL, PRU, CZR, LDOS, LLY, TT, GLW, ZBRA, MMM, NXPI, ACGL, ECL, PYPL, DPZ, ON, RVTY, RMD, GOOGL, BALL, KLAC, TROW, MHK, LHX, WDC,
LYB, CL, MSFT, NEM, TYL, CARR, TER, CMG, URI, UNP,
KDP, DOV, FTI, ROL, MRK, NOC, TSCO, LRCX, AAL, HES, GEV, MO, WM, TSLA, HAS, WAB, CSGP, BSX, TXN, SYF, BIIB,
HLT, EQT, EQR, T, APH, IPG, GL, GE, DHR, KMB, DGX,
PHM, FI, GM, PM, UPS, NEE, TFC, AXP, FITB, GPC, DFS, ELV, KMI, MMC, CMA,
CCI, UAL,
CFG, OMC, UNH, MS, MTB, GS, SCHW,
STT, STZ = 101
Neutral: EIX, PSA, CTLT, WEC, ESS,
INVH, MAR, PEG, MCD, CNP, KO, WELL, EG, AEP, APD, INCY, CVX, COF, AVB, TMUS,
EMN, JNPR, DOX, F, RCL, SPGI, PCG, CMS, VLO, DTE, UHS, XEL, HON, DOW, STX, AVY,
TMO, V, ETR, ARE BRO, NVR, RTX, LMT, HAL, PNR, HBAN, PG, RF, CSX, DHI, KEY,
PGR, WFC = 54
Negative: CVS, SBUX, SWKS, NCLH,
SMCI, EL, CDW, GPN, AMD, JCI, GNRC,
KHC, DAY, CLX, IDXX, BXP, YUM, COR, RSG, OKE FANG, SYK,
MA, MDLZ, UDR, GEHC,
TAP, MPC, FFIV, HUBB, IT, SBAC, PARA, PCAR, SYY, ADM, MLM, ETN, ITW,
AMT, BEN, DXCM,
INTC, FICO, AON, CINF, ABBV, VRSN, HIG, PSX, XOM, ROP, PFG, HCA, CNC, EW,
RHI, CHTR, WY, AJG, FE, META, BMY,
IBM, CAT, LUV, CMCSA, AOS, LH, WST, RJF, MOH, NOW, ORLY, WTW, IP, NDAQ,
POOL, ALLE, GWW, ALGN, ODFL, TDY, FTV, ENPH, MAS,
OTIS, GD, HUM, NSC, BG, IEX, STLD, BA, CB, TEL, CME, VLTO, BKR, LKQ, MSCI, NUE, IVZ, WRB, PKG, AMP, PEP, SHW, FCX, CDNS, 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 = 135
Mega caps AMZN, META, MSFT,
GOOGL rose and AAPL, TSLA, NVDA fell on Wednesday.
SPY down 1.63 at 500.35 on 80.2 million
shares, above average volume
VIX down .26 at 15.39
QQQ down 3.07 at 421.52
JNJ, AMZN, BA, MMM led the DJIA, 15 advancers, +13
TECH, GRMN, AMCR, DD led the SPX, 240 advancers
VRSK, SIRI, WBD, TTD led the NDX, 46 advancers
Up: IWM, DIA,
Down: SPY, QQQ,
Five of eleven sectors were higher on Wednesday,
led by XLU, XLC and XLB.
The SPY
MFC green line is pointed down at 35.6 and is short-term bearish.
Uptrend sectors: XLU, XLE,
XLI, XLB, XLF, XLP, XLC,
Neutral sectors: XLY, XLV, XLK,
Down trend sectors: XLRE,
The 6-month intermediate
trend is up. The ten-day trend is sideways.
3-month Intermediate Term Market
Trend: Up a little
3-day Short Term Market Trend: Down
46 of 100 NDX stocks
closed higher on Wednesday.
26 NDX stocks are above their 30
DMA: AZN,
GOOGL, KDP, XEL, PEP, AEP, EXC, TMUS, MDLZ, PANW, PDD, DDOG, MDB, MRNA, CCEP,
MCHP, TXN, NXPI, TSLA, BIIB, COST, PYPL, AMGN, ADP, TTD, VRSK,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
ADP, TTD, VRSK,
Moving Below 30 DMA = 5
ADI, CEG, KHC, KLAC, ON,
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