Friday, May 2, 2025

SPX, NDX Close Higher after Strong Jobs Report...Financial, Industrial, Materials Led All Sectors Higher...


© 2025


SPX +82.53, 5,686, opened higher, after the Jobs Report reported 177K new jobs higher than the 130K consensus, and trended higher to close at its highest level since March 27.  The DJI, 41,317 +1.39%, and NDX +1.60% also closed higher. 

Breadth strengthened on the exchanges and in the indexes. Net change advancing capital was larger than net declining capital.

Friday session insight: No one (including you) knows the future.  You can know the present. You can know if the price action is presenting a trade opportunity, that by following your rules, gives you an edge.  Risk assessment is always important on every trade before you enter.

___________________________________________________________________

EPS Q1 on Saturday: BRK/B report.

92 total SPX companies report next week.

First day reaction: Q1
Positive: DXCM, BEN, CPT, AJG, MTD, AIG, CBOE, AES, LYV, DD, CVX, AEE, SYK, ABNB, CARR, PWR, IDXX, MSFT, HWM, KIM, META, CVS, DINO, CAH, HST, GWW, INVH, IRM, CTSH, ALGN, UDR, ICE, MAA, ALB, CHRW, STX, TT, WDC, VMC, PPG, BKNG, MLM, MDLZ, EXR, GEHC, VLTO, YUM, ADP, ESS, FICO, V, HUM, EQR, GNRC, SBAC, CDNS, HON, ZBRA, AMT, LH, AOS, ECL, PFE, CINF, SPGI, XYL, HLT, PYPL, NUE, WELL, INCY, MO, CHTR, VRSN, DLR, ABBV, GOOGL, CL, RSG,  NOW, HAS, ALLE, RMD, URI, FTI, FCX, EW, TXN, LVS, LRCX, DFS, NEM, IPG, DOW, TXT, DOV, NDAQ, CMG, CNP, RJF, MRK, VRT, APH, BA, WAB, TSLA, STLD, BSX, COF, GEV, PM, TEL, ISRG, EFX, PNR, PHM, IVZ, MMM, DGX, GE, WRB, MCO, DHR, NTRS, SYF, GPC, ELV, NFLX, DHI, HBAN STT, KEY, CSX, ABT, PLD, CF, TRV, BAC, C, GS, FAST, JPM, BLK, MS, BK, DAL = 146

Neutral: MNST, JNPR, IR, XOM, AMZN, CI, ES, ETN, EOG, AMGN, PTC, PH, D, IEX, MET, CCI, APD, KKR, EQIX, K, HSY, BIIB, PSA, APTV, MA, AWK, AVB, SO, ALL, EXC, ANSS, EBAY, DTE, PRU, CAT, REG, PPL, ITW, GLW, KO, MLM, KHC, RCL, WM, SYY, UPS, UHS, GM, FFIV, RVTY, DPZ, LYB, HIG, PSX, ROL, CMS, CBRE, AMP, BMY, LHX, FE, PCG, NEE, NSC, T, ODFL, EQT, TMO, PKG, MSCI, LMT, VZ, NVR, BX, RF, SCHW, KMI, TFC, AXP, FITB, UAL, PGR, PNC, JNJ, MTB, WFC, STZ = 87

Negative: GDDY, MSI, HOLX, AAPL, ED, APO, MHK, BDX, LLY, QCOM, FMC, TFX, CHD, VTR, BLDR, EG, BR, HUBB, MRNA, TRGP, AFL, GL, FTV, KLAC, SW, MGM, MCD, PNW, EL, BAX, VICI, AME, AMCR, HII, LIN, SMCI, CSGP, EIX, GRMN, FSLR, NCLH, OKE, SBUX, IP, CZR, HES, BXP, PEG, SWK, ACGL, NXPI, REGN, BRO, ARE, TER, PCAR, ETR, ROP, ERIE, TMUS, AON, INTC, CNC, EMN, DOC, HCA, GILD, WY, PFG, SLB, FI, LKQ, TYL, POOL, IBM, WTW, MOH, PEP, PG, CMCSA, WST, TSCO, KDP, ORLY, UNP, XEL, VLO, ENPH, LII, OTIS, BKR, MAS, GD, TDY, AVY, CB, CME, NOC, RTX, HAL, KMB, UNH, SNA, MMC, JBHT, OMC, USB, KMX = 108
___________________________________________________________________


TSLA +6.69, +2.38%, closed higher.


Mega caps META, TSM, AVGO, NVDA, TSLA, MSFT, BRK/B, GOOGL rose and AMZN, AAPL fell on Friday. 


SPY up 8.29 at 566.76, 60.7 million shares, below average volume
VIX down 1.92 at 22.68,
QQQ up 7.15 at 488.83

NKE, CAT, AXP, MMM led the DJIA, 24 advancers, +9
DXCM, UAL, BEN, NCLH led the SPX, 456 advancers,
DXCM, APP, PLTR, ARM led the NDX, 89 advancers,

Up: IWM, SPY, QQQ, DIA,
Down:

The SPY MFC green line is pointed up at 79.4 and is short-term bullish. +3.4

All eleven sectors were higher on Friday, led by XLF XLI and XLB. 

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

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

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


89 of 100 NDX stocks closed higher on Friday.

80 NDX stocks are above their 30 DMA: EXC, CPRT, CCEP, COST, CRWD, CTAS, MNST, PLTR, ROST, EA, FAST, MSTR, AEP, MELI, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, FTNT, INTU, ZS, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DASH, DDOG, DXCM, GOOGL, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, PANW, SNPS, TSLA, TTD, WDAY, CHTR, PYPL, VRTX, CDW, ADBE, AZN, HON, NVDA, ORLY, PAYX, VRSK, XEL, ADP, AMD, CTSH, GFS, MDLZ, ON, AMZN, APP, CSCO, META, MRVL, CSX, GEHC, LIN, MU, NXPI, ODFL, PDD, REGN, ROP, TXN,

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 10
CSX, GEHC, LIN, MU, NXPI, ODFL, PDD, REGN, ROP, TXN,


Moving Below 30 DMA = 2
AAPL, TEAM,



Add Comments here:

No comments: