SPX Closes Slightly Higher forms Hammer...Energy, Basic Materials, Health Care Lead Sectors...42 SPX EPS on Tuesday...

© 2023

-SPX +3.73, opened flat, traded in a range and closed flat.

-VIX up .12.

-Tuesday EPS reports 28 BMO and 14 AMC,

-Two Mega-caps MSFT and GOOGL Tuesday AMC.

-180 SPX companies are scheduled to report EPS this week.

TLT, /CL and GLD closed higher, while DXY and TNX moved lower.

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

Day 8 of Q1 Earnings Season continued with one SPX company reporting BMO:

First day reaction: Q1 through Apr 24…

Positive:  HCA, PG, CSX, SNA, LRCX, DHI, NUE, STLD, EFX, LVS, MMC, GPC, ISRG, ABT, UAL, TRV, BKR, NDAQ, USB, SYF, LMT, BK, MTB, SCHW, JPM, C, BLK, KMX = 28

Neutral: KO, PPG, UNP, IBM, ALK, DFS, FITB, MS, CFG, BAC, PLD, JBHT, PNC, WFC, FAST = 15

Negative:  WRB, SLB, FCX, RF, T, TSLA, STX, CCI, ZION, PM, TFC, KEY, CMA, FFIV, POOL, HBAN, KMI, AXP, ELV, OMC, NFLX, JNJ, GS, STT, UNH, PGR, DAL = 27

Tuesday: Before – ADM, BIIB, CNC, DHR, DOW, FISV, GE, GEHC, GLW, GM, HAL, IVZ, KMB, LH, MCD, MCO, MMM, MSCI, NEE, NTRS, NVR, PCAR, PEP, PHM, RTX, SHW, UPS, VZ, After – BXP, CB, CMG, CSGP, ENPH, EQR, GOOG, GOOGL, ILMN, JNPR, MSFT, TXN, UHS, V,

SPY up .43 at 412.63, on 64.3 million shares, below average volume, up on lower volume.

VIX up .12 at 16.77

QQQ down .66 at 315.95

CAT, CVX, NKE, UNH led the DJIA, 21 advancers, +6

FRC, ALB, MDT, FTI led the SPX, 310 advancers

ZM, ALGN, BKR, EBAY led the NDX, 54 advancers.

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

Up:  DIA, SPY,

Down:  IWM, QQQ,

Six of eleven sectors were higher on Monday, led by XLE, XLB and XLV.

The SPY MFC green line is pointed down at 92.2 and is counter-trend defensive.  SPY opened flat, traded in a range and closed flat.

Uptrend sectors:   XLK, XLC, XLB, XLP, XLV,

Neutral sectors:  XLU, XLI, XLY, XLE, XLF, XLRE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up a little.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down a little

54 of 100 NDX stocks closed higher on Monday.

62 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, FTNT, ATVI, VRSK, AAPL, ILMN, MDLZ, MELI, MSFT, GOOG, GOOGL, PEP, ADBE, AMZN, CPRT, EA, INTU, ISRG, VRTX, AZN, LULU, REGN, AMGN, BIIB, MNST, NFLX, CTAS, KDP, GILD, AEP, CMCSA, KHC, ORLY, XEL, EXC, WBA, DLTR, FANG, SBUX, ALGN, CSX, FISV, COST, CSGP, HON, BKR, DXCM, BKNG, EBAY, IDXX, MAR, FAST, ODFL, PCAR, AVGO, ROST, LRCX, PAYX,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 6

CRWD, MU, PANW, SIRI, SNPS, TMUS,

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SPX Closes Flat forms Doji...Consumer Discretionary, Staples, Health Care Lead Sectors...GOOGL, MSFT, META, AMZN Report EPS Next Week...

© 2023 

-SPX +3.73, opened slightly higher, traded in a range and closed flat.

-VIX down .40.

-Earnings: HCA +3.85%, PG +3.46%, CSX +3.28%, FCX -4.11% on Friday

-180 SPX companies are scheduled to report EPS next week,

-including GOOGL, MSFT, META, AMZN.

/CL and TNX closed higher, while GLD, TLT and DXY moved lower.

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

Day 7 of Q1 Earnings Season continued with five SPX companies reporting BMO:

First day reaction: Q1 through Apr 21…

Positive:  HCA, PG, CSX, SNA, LRCX, DHI, NUE, STLD, EFX, LVS, MMC, GPC, ISRG, ABT, UAL, TRV, BKR, NDAQ, USB, SYF, LMT, BK, MTB, SCHW, JPM, C, BLK, KMX = 28

Neutral: PPG, UNP, IBM, ALK, DFS, FITB, MS, CFG, BAC, PLD, JBHT, PNC, WFC, FAST = 14

Negative:  WRB, SLB, FCX, RF, T, TSLA, STX, CCI, ZION, PM, TFC, KEY, CMA, FFIV, POOL, HBAN, KMI, AXP, ELV, OMC, NFLX, JNJ, GS, STT, UNH, PGR, DAL = 27

Monday: Before – KO, After – AMP, ARE, BRO, CDNS, FRC, PKG, WHR

SPY up .32 at 412.20, on 73.4 million shares, below average volume, up on similar volume.

VIX down .40 at 16.77

QQQ up .71 at 316.28

PG, DIS, MRK, CSCO led the DJIA, 15 advancers, +4

BAX, HCA, DVA, POOL led the SPX, 263 advancers

CSX, AMZN, GILD, CRWD led the NDX, 53 advancers.

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

Up:  IWM, QQQ, DIA, SPY,

Down:

Six of eleven sectors were higher on Friday, led by XLY, XLP and XLV.

The SPY MFC green line is pointed down at 93.3 and is counter-trend defensive.  SPY opened slightly higher, traded in a range and closed flat.

Uptrend sectors:   XLK, XLC, XLB, XLP, XLV,

Neutral sectors:  XLU, XLI, XLY, XLE, XLF, XLRE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down a little

53 of 100 NDX stocks closed higher on Friday.

68 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, FTNT, ATVI, VRSK, AAPL, ILMN, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, AMZN, CPRT, EA, INTU, ISRG, VRTX, AZN, LULU, REGN, AMGN, BIIB, MNST, NFLX, CTAS, KDP, GILD, AEP, CMCSA, KHC, ORLY, TMUS, XEL, EXC, WBA, DLTR, FANG, SBUX, ALGN, CSX, FISV, MU, COST, CSGP, HON, BKR, DXCM, BKNG, EBAY, IDXX, MAR, FAST, ODFL, PCAR, AVGO, ROST, LRCX, CRWD, PANW, PAYX, SIRI,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 4

CRWD, PANW, PAYX, SIRI,

Moving Below 30 DMA = 3

ABNB, CTSH, INTC,

Add Comments here:

SPX Opens Lower, Closes Lower forms Doji...SNA, LRCX, DHI, NUE EPS Lead SPX Gainers...T, TSLA, STX Lead SPX Decliners...

© 2023

-SPX -24.73 opened lower, pulled rallied after the open to close flat, forms doji.

-VIX up .71.

-Earnings: LRCX +7.23%, DHI +5.64%, NUE +5.50%, TSLA -9.75% on Thursday

 

TLT and GLD closed higher, while /CL, TNX and DXY moved lower.

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

Day 6 of Q1 Earnings Season continued with seventeen SPX companies reporting BMO:

First day reaction: Q1 through Apr 20…

Positive:  SNA, LRCX, DHI, NUE, STLD, EFX, LVS, MMC, GPC, ISRG, ABT, UAL, TRV, BKR, NDAQ, USB, SYF, LMT, BK, MTB, SCHW, JPM, C, BLK, KMX = 2

Neutral: UNP, IBM, ALK, DFS, FITB, MS, CFG, BAC, PLD, JBHT, PNC, WFC, FAST = 13

Negative:  T, TSLA, STX, CCI, ZION, PM, TFC, KEY, CMA, FFIV, POOL, HBAN, KMI, AXP, ELV, OMC, NFLX, JNJ, GS, STT, UNH, PGR, DAL = 23

Friday: Before – FCX, HCA, PG, RF, SLB

SPY down 2.26 at 411.88, on 75.7 million shares, below average volume, down on higher volume.

VIX up .71 at 17.17

QQQ down 2.43 at 316.28

WBA, V, JNJ, WMT led the DJIA, 11 advancers, -4

SNA, DHI, NUE, STLD led the SPX, 172 advancers

LRCX, KLAC, AMAT, COST led the NDX, 35 advancers.

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

Up:

Down:  DIA, IWM, SPY, QQQ,

One of eleven sectors was higher on Thursday, led by XLP, XLU and XLB.

The SPY MFC green line turned down at 93.8 and is counter-trend defensive.  SPY opened lower, rallied from the open to close flat above short-term resistance.

Uptrend sectors:   XLK, XLC, XLB, XLP, XLV,

Neutral sectors:  XLU, XLI, XLY, XLE, XLF, XLRE,

Down trend sectors:

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 Trend: Down a little

35 of 100 NDX stocks closed higher on Thursday.

67 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, FTNT, ATVI, VRSK, AAPL, ILMN, INTC, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, AMZN, CPRT, EA, INTU, ISRG, VRTX, AZN, LULU, REGN, AMGN, BIIB, MNST, NFLX, CTAS, KDP, GILD, AEP, CMCSA, KHC, ORLY, TMUS, XEL, EXC, WBA, CTSH, DLTR, FANG, SBUX, ALGN, CSX, FISV, MU, COST, CSGP, HON, BKR, DXCM, BKNG, EBAY, IDXX, MAR, FAST, ODFL, PCAR, ABNB, AVGO, ROST, LRCX,  

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 1

LRCX,

Moving Below 30 DMA = 11

ADI, ADP, CRWD, DDOG, MRVL, PANW, PAYX, PYPL, SIRI, TEAM, WDAY,

Add Comments here:

SPX Opens Lower, Closes Flat...Utilities, Real Estate, Health Care Lead Sectors...FRC, ABT, UAL Lead SPX...

© 2023

 

-SPX -0.35 opened lower, pulled rallied after the open to close flat.

-VIX down .37, a 52-week low.

-Earnings: ISRG +10.88%, ABT +7.82%, UAL +7.50%, on Wednesday. 

DXY and TNX closed higher, while /CL, GLD and TLT  moved lower.

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

Day 5 of Q1 Earnings Season continued with nine SPX companies reporting BMO:

First day reaction: Q1 through Apr 19…

Positive:   ISRG, ABT, UAL, TRV, BKR, NDAQ, USB, SYF, LMT, BK, MTB, SCHW, JPM, C, BLK, KMX = 16

Neutral: MS, CFG, BAC, PLD, JBHT, PNC, WFC, FAST = 8

Negative:  ELV, OMC, NFLX, JNJ, GS, STT, UNH, PGR, DAL = 9

Thursday: Before – ALK, AXP, CMA, DHI, FITB, GPC, HBAN, KEY, MMC, NUE, PM, POOL, SNA, STX, T, TFC, UNP, After – CSX, PPG, WRB

SPY down .07 at 414.14, on 55.2 million shares, below average volume, down on lower volume.

VIX down .37 at 16.46, a 52-week low

QQQ down .15 at 318.71

TRV, JNJ, GS, AAPL led the DJIA, 15 advancers, +0

FRC, ISRG, ABT, UAL led the SPX, 256 advancers

ISRG, DXCM, BKR, ALGN led the NDX, 39 advancers.

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

Up:  IWM,

Down:  SPY, QQQ, DIA,

Four of eleven sectors were higher on Wednesday, led by XLU, XLRE and XLV.

The SPY MFC green line is pointed up at 95.8 and is short-term bullish.  SPY opened lower, rallied from the open to close flat above short-term resistance.

Uptrend sectors:   XLK, XLC, XLB, XLP, XLV,

Neutral sectors:  XLU, XLI, XLY, XLE, XLF, XLRE,

Down trend sectors:

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 Trend: Up a little

39 of 100 NDX stocks closed higher on Wednesday.

77 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, PANW, FTNT, ATVI, VRSK, AAPL, ILMN, INTC, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, AMZN, CPRT, EA, INTU, ISRG, VRTX, AZN, LULU, REGN, WDAY, AMGN, BIIB, MNST, NFLX, CTAS, KDP, GILD, AEP, CMCSA, KHC, ORLY, TMUS, XEL, EXC, WBA, CTSH, DLTR, FANG, SBUX, SIRI, ALGN, CSX, FISV, MU, COST, CSGP, HON, BKR, CRWD, DXCM, ADI, BKNG, EBAY, IDXX, MAR, PYPL, TEAM, FAST, ODFL, PCAR, ADP, DDOG, ABNB, AVGO, MRVL, PAYX, ROST, 

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 2

PAYX, ROST,

Moving Below 30 DMA = 1

TXN,

Add Comments here:

SPX Higher Open, Pullback, Range, Flat Close...Fed Speak from Bullard, Bostic, Bowman...Industrials, Basic Materials, Energy Lead Sectors...EPS Day 4...

© 2023

 

-SPX +3.55 opened higher, pulled back into a trading range and closed flat.

-SPX grinds after Fed speak from Bullard, Bostic, Bowman

-VIX down .12, a 52-week low. 

GLD, TLT and /CL closed higher, while DXY and TNX moved lower.

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

Day 4 of Q1 Earnings Season continued with five SPX companies reporting BMO:

First day reaction: Q1 through Apr 18…

Positive:   LMT, BK, MTB, SCHW, JPM C, BLK, KMX = 8

Neutral: BAC, PLD, JBHT, PNC, WFC, FAST = 6

Negative:  JNJ, GS, STT, UNH, PGR, DAL = 6

Wednesday: Before – ABT, BKR, CFG, ELV, MS, NDAQ, SYF, TRV, USB, After – CCI, DFS, EFX, FFIV IBM, KMI, LRCX, LVS, STLD, TSLA, ZION

SPY up .27 at 414.21, on 63.5 million shares, below average volume, up on lower volume.

VIX down .12 at 16.83, a 52-week low

QQQ up .02 at 318.86

BA, HD, JPM, AAPL led the DJIA, 15 advancers, -7

TYL, PHM, STT, LEN led the SPX, 250 advancers

MRVL, ABNB, NVDA, MAR led the NDX, 51 advancers.

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

Up:  SPY, QQQ,

Down:  DIA, IWM,

Seven of eleven sectors were higher on Tuesday, led by XLI, XLB and XLE.

The SPY MFC green line is pointed up at 94.1 and is short-term bullish.  SPY opened higher, pulled back into a trading range and closed flat above short-term resistance.

Uptrend sectors:   XLK, XLC, XLB, XLP, XLV,

Neutral sectors:  XLU, XLI, XLY, XLE, XLF, XLRE,

Down trend sectors:

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 Trend: Up a little

51 of 100 NDX stocks closed higher on Tuesday.

76 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, PANW, FTNT, ATVI, VRSK, AAPL, ILMN, INTC, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, AMZN, CPRT, EA, INTU, ISRG, TXN, VRTX, AZN, LULU, REGN, WDAY, AMGN, BIIB, MNST, NFLX, CTAS, KDP, GILD, AEP, CMCSA, KHC, ORLY, TMUS, XEL, EXC, WBA, CTSH, DLTR, FANG, SBUX, SIRI, ALGN, CSX, FISV, MU, COST, CSGP, HON, BKR, CRWD, DXCM, ADI, BKNG, EBAY, IDXX, MAR, PYPL, TEAM, FAST, ODFL, PCAR, ADP, DDOG, ABNB, AVGO, MRVL,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 3

ABNB, AVGO, MRVL,

Moving Below 30 DMA = 0

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