©
2025
SPX -101.38, 6,238, gapped
lower after futures fell Thursday following earnings reactions from AMZN
and AAPL, and more tariff comments from the President. The Jobs report 73K vs 106K consensus
produced a 31-point trading range in the first 15 minutes, but only a 6-point
change during the first one hour. After
the open SPX fell on above average selling volume and another 72 points in the first 45 minutes
and bounced into a trading range until the close.
ISM was 48.0 vs. 49.5 consensus and the
Commissioner of BLS was fired. Later
Adrianna Kugler resigned as Fed Governor effective August 8. Friday was a busy news day during a busy
news week including FOMC, four mega-cap earnings: MSFT, META, AMZN, AAPL, IPOs AMBQ
and FIG, and above consensus GDP along with other regularly
scheduled economic announcements.
Based on the initial price reaction, institutions liked the
results from MSFT, META and AAPL but not AMZN. All four stocks attracted more sellers
than buyers and faded from their initial open.
NDX -1.96%, opened lower and closed lower.
DJI, 43,588 -1.23%, closed
lower led by weakness in AMZN, GS, UNH, MSFT, CAT.
Breadth weakened further on Friday.
TSLA -5.64, -1.83%, fell
lower in its channel.
AVGO -5.06,
-1.72%, formed a potential 2-day
bull flag pattern.
META -23.43, -3.03%, gave
back 30% of Thursday’s positive EPS reaction.
MSFT -9.39, -1.76%, gave
back half of Thursday’s positive EPS reaction.
AAPL -5.19, -2.50%, reversed
an initial move up on a EPS and sales beat, iPhone sales exceed estimates, active
installed base hits new high.
AMZN -19.36, -8.27%, beat
EPS, sales, expects Q3 operating income of $18B less than $19.5B estimates, a negative
EPS reaction
____________________________________________________________________
EPS Saturday: 1 SPX company reports BRK/B Saturday.
Q2 First
day reaction:
Positive: FSLR, KMB, PARA, D,
CBOE, RMD, REGN, TROW, EBAY, CHRW, META, XYL, WDC, RBLX, NCLH, HII, RDDT, PTC, ALL, TYL, FFIV, WTW, AME, SPGI, MSFT, MAS, APTV,
HOLX, CMS, CMCSA, FE, F, PRU EXC, XEL, MA, DINO, BIIB, VTR, GNRC, TER, HUM, EA, BG, EXE, AEP, MO, HSY,
ETR, GLW, INCY, CDNS, CBRE, UHS, WELL,
CINF, WM, HIG, VLTO, DECK, NEM, VRSN, CNC, EW,
AON, MHK, WY, WST, FTI, URI, LH,
ALLE, NDAQ, TMUS, GL, ROL, LVS, NOW, CCI, RJF, AOS, BX, POOL, ORLY, CNP,
LHX, GOOGL, LW, GEV, TEL, BKR, TMO, CSGP,
LII, GD, BSX, MCO, T, IQV, DHI, PHM, NOC, GPC DGX, IPG, PCAR, IVZ, ARE, KEY, SYF, AVY, WRB, VZ, ROP, RF, SCHW, SNA,
PEP, TRV, TSM, CTAS, CFG, JNJ, OMC, PGR, JBHT, PLD, C, FAST, =
126+3
Neutral: AEE, KLAC, AES, CHD, CVX,
LIN, BEN, CL, ES, EG, BLDR, VMC, AWK, VICI, K, PCG, ABBV, CVS, SO, ICE, APD,
PPL, REG, ADP, BKNG, HES, V, SBUX, KHC, WEC, ACGL, PGF, DTE, PG, PSX, CSX, KDP,
PKG, TSCO, COF, CME, NVR, HAS, HAL, DHR, PNR, NXPI, SHW, KO, DPZ, MMC, PNC, GS,
BAC, BK, JPM = 56
Negative: EMN, COIN, IR, GWW, AMZN, LYB, MRNA, SYK, MTD, AAPL, CPT, CLX XOM AJG, ALGN, BAX, IP, CI, EXR, DXCM, QCOM, HWM, FICO,
BMY, PSA, AVB, LRCX, MAA, MGM, KIM, KKR, HST, CTSH, INVH, ALB, EQIX, UDR,
PWR, IEX, ODFL, TT, GEHC, ESS, GRMN,
MDLZ, VRSK, RSG, BXP, PPG, STX, FTV, ITW, CZR, SW, CARR, UPS, BRO, PYPL, UNH, JCI, SWK, RCL, BA,
AMT, ECL, NSC, NUE, HUBB, SYY, MRK, RVTY, CHTR, INTC,
DOC, HCA, DLR, LKQ, DOW, MOH, CMG, TSLA,
IBM, TXT, WAB, HON, VLO, UNP, AMP, DOV, ENPH,
FI, TXN, OTIS, NEE, EQT, CB, HLT, FCX, NTRS, ISRG, TDY, APH, LMT, MSCI, PM, EFX, GM, STLD, RTX, NFLX, SLB, MMM, AXP, TFC, HBAN, ELV, ABT, GE, USB, FITB, MTB, MS, WFC, BLK, STT = 125
Bold
is > +5% or -5%
___________________________________________________________________
Mega caps BRK/B rose and GOOGL,
AVGO, MSFT, TSLA, NVDA, AAPL, TSM, META, AMZN fell on Friday.
SPY down 10.36 at 621.72, gap down falls
to July 16 support, 139.9 million shares, above average volume, highest since
April 9
VIX up 3.66 at 20.38
QQQ down 11.13 at 553.88
SHW, HD, JNJ, MRK led DJIA, 11 advancers, -0
ALGN, FSLR, DHI, KMB led SPX, 144 advancers, decreased
BIIB, EA, REGN, KDP, LRCX led NDX, 25 advancers,
Up:
Down: DIA, SPY, QQQ, IWM,
The SPY
MFC green line is pointed down at 85.4 and is counter-trend defensive (day 2). -7.4
Three
of eleven
sectors were higher on Friday led by XLC, XLU and XLI.
Uptrend sectors: XLK, XLC, XLI, XLY,
XLU, XLF, XLB, XLRE,
Neutral sectors: XLP, XLE, XLV,
Down trend sectors:
The 6-month intermediate trend breakout is up. The ten-day trend
is up
a little.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
25 of 100 NDX stocks closed higher on Friday.
38 NDX stocks are above their 30
DMA: AVGO, MSFT, NVDA, AMD,
CSX, WBD, DASH, CSGP, GOOGL, AEP, SNPS, CDNS, FAST, PEP, CCEP, AMGN,
TTD, REGN, ORLY, PLTR, KHC, XEL, MDB, PDD, BKR, CEG, ROST, TMUS, GILD, INTU, ADSK,
APP, AZN, CTAS, FANG, META,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 3
BIIB, EA, VRTX,
Moving Below 30 DMA = 5
ADP,
PCAR, AMZN, MRVL, PCAR,
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