SPX Opens Lower after META EPS and GDP Report, Rallies From Low...After-hours MSFT, GOOGL Gap Up on Positive EPS Reactions...

© 2024

The SPX -23.21, 5,048, opened lower, 5,019, after META gapped down on negative EPS reaction and GDP was a lower than expected +1.6% vs. +2.3% forecast. The SPX made a low at 10:03 am ET a began a 58-point rally to close higher than its open, but still down for the day.

META -52.12, -10.56%, 441.38, gapped down on a negative reaction after an EPS and revenue beat and was the largest % decliner in both the SPX and NDX.

TSLA +8.05, +5.97%, 170.18, rose for a second day after a positive earnings reaction. 

NVDA +29.55, +3.71%, 826.32, opened lower, reversed and recovered most on Wednesday’s pullback.  It closed above the high of the low day and for a piercing line candle.

After-hours: GOOGL +18.04, +11.56%, and MSFT +17.21, +4.31%, on positive EPS reactions.

PCE Report at 8:30 am ET Friday. 

Friday Q1 day 11 BMO: ABBV, AON, BALL CHTR, CL, CNC, CVX, HCA, LYB, PSX, ROP, TROW, XOM, AMC:

First day reaction: Q1

Positive:  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 = 65

Neutral:  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 = 31

Negative:  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 = 74

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

SPY down 1.92 at 503.49 on 69.1 million shares, slightly below average volume,

VIX down .60 at 15.37

QQQ down 2.06 at 424.45

MRK, INTC, BA, UNH led the DJIA, 11 advancers, -7

NEM, TYL, CARR, TER, CMG, URI led the SPX, 185 advancers 

AZN, TSLA, KDP, MRVL led the NDX, 41 advancers

Up:   

Down:  SPY, QQQ, IWM, DIA,

Five of eleven sectors were higher on Thursday, led by XLB, XLE and XLI

The SPY MFC green line is pointed up at 26.1 and is short-term bullish.

Uptrend sectors:  XLE, XLC, XLU, XLI, XLB, XLF, XLP,

Neutral sectors:  XLY, XLV, XLK,

Down trend sectors:  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 Trend: Up a little

41 of 100 NDX stocks closed higher on Thursday.

30 NDX stocks are above their 30 DMA:  CTAS, FANG, AZN, GOOGL, KHC, KDP, XEL, PEP, AEP, EXC, TMUS, ADP, CEG, MDLZ, PANW, PDD, DDOG, MDB, MRNA, TEAM, ABNB, ADI, CCEP, DXCM, MCHP, PAYX, TXN, BKR, NXPI, TSLA,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 3

BKR, NXPI, TSLA,

Moving Below 30 DMA = 6

AMGN, COST, CSGP, INTU, PYPL, TTD,

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SPX in Trading Range after Two-day Bounce as Earnings Season Continues...TSLA Leads SPX, NDX...Consumer Discretionary, Staples, Utilities Lead Sectors...After-hours: META -15% on EPS Reaction...

© 2024

The SPX +1.08, 5,071.63, opened higher, pulled back, traded in a range, closed just slightly positive for the day.  

TSLA +9.37, +14.11%, 75.76, led the SPX and NDX on a positive earnings reaction after an EPS and revenue miss. 

NVDA -27.46, -3.33%, 796.77, opened higher, reversed after ten minutes, trended down and closed lower, below the high of the bullish harami candle.

After-hours: META -75.65, -15.13%, 418.85, a negative reaction after an EPS and revenue beat.

PCE Report 8:30 am ET Friday, April 26.

Thursday Q1 day 10 BMO: AAL, ALLE, AOS, BMY CARR, CAT, CMCSA, CMS, DOV, DOW, DTE, FTI, GEV, GWW, HES, HON, IP, KDP, LH, LUV, MO, MRK, NDAQ, NEM, NOC, PCG, POOL, RCL, SPGI, TSCO, TXN UNP, VLO, WST, WTW, XEL, AMC: AJG, AVB, CINF, COF, DOX, DXCM, EMN, EW, FE, FICO, GOOGL, HIG, INTC, JNPR, KLAC, LHX, MHK, MSFT, PFG, RHI, RMD, TMUS, VRSN, WDC, WY,

This week: GOOGL, MSFT on Thursday after market close.

First day reaction: Q1

Positive:  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 = 45

Neutral:  STX, AVY, TMO, V, ETR, ARE BRO, NVR, RTX, LMT, HAL, PNR, HBAN, PG, RF, CSX, DHI, KEY, PGR, WFC = 20

Negative:  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 = 54

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

SPY down .24 at 505.41 on 55.9 million shares, below average volume,

VIX up .28 at 15.97

QQQ up 1.44 at 426.51

KO, WMT, AAPL, IBM led the DJIA, 18 advancers, -5

TSLA, HAS, WAB, BSX, MCHP led the SPX, 276 advancers 

TSLA, CSGP, ON, TXN led the NDX, 60 advancers

Up:   QQQ,

Down:  SPY, DIA, IWM,

Eight of eleven sectors were higher on Wednesday, led by XLY, XLP and XLU

The SPY MFC green line is pointed up at 20.5 and is short-term bullish.

Uptrend sectors:  XLE, XLC, XLU, XLI, XLB, XLF, XLP,

Neutral sectors:  XLY, XLV, XLK,

Down trend sectors:  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 Trend: Up

60 of 100 NDX stocks closed higher on Wednesday.

33 NDX stocks are above their 30 DMA:  CTAS, FANG, AZN, GOOGL, KHC, KDP, XEL, PEP, AEP, EXC, TMUS, ADP, CEG, MDLZ, PANW, PDD, AMGN, DDOG, MDB, MRNA, TEAM, ABNB, ADI, CCEP, COST, CSGP, DXCM, INTU, MCHP, PAYX, PYPL, TTD, TXN,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 12

ABNB, ADI, CCEP, COST, CSGP, DXCM, INTU, MCHP, PAYX, PYPL, TTD, TXN,

Moving Below 30 DMA = 1

ODFL,

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SPX Closes Higher for Bounce Day 2...Communication Services, Technology, Industrials lead Sectors...After-hours: TSLA Up after ETS Miss...

© 2024

The SPX +59.95, 5,070.55, opened higher, trended up and closed higher above the high of the low day on a bounce continuation move.  

GL +9.37, +14.11%, 75.76, led the SPX after a positive earnings reaction. 

NVDA +29.058, +3.65%, 824.23, opened higher, trended up and closed higher with a close above the high of the following day which was a bullish harami candle.

After-hours: TSLA +19.28, +13.33%, 163.96, a positive reaction after an EPS and revenue miss.

Wednesday Q1 day 9: BMO: APH, AVY, BA, BG, BIIB, BSX, CME, ETR, FTV, GD, HAS, HLT, HUM, IPG, MAS, NSC, ODFL, OTIS, SYF, T, TDY, TEL, TMO, WAB, AMC: ALGN, CMG, F, IBM, LRCX, META, MOH, NOW, ORLY, RJF, ROL, TER, TYL UHS URI, WM

This week: META on Wed…GOOGL, MSFT on Thur.

First day reaction: Q1

Positive:  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 = 31

Neutral:  ARE BRO, NVR, RTX, LMT, HAL, PNR, HBAN, PG, RF, CSX, DHI, KEY, PGR, WFC = 15

Negative:  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 = 36

Mega caps NVDA, META, TSLA, MSFT, AMZN, GOOGL, AAPL rose on Tuesday.

SPY up 5.93 at 505.65 on 64.6 million shares, slightly below average volume,

VIX down 1.20 at 15.74

QQQ up 6.25 at 425.07

VZ, AXP, MSFT, GS led the DJIA, 23 advancers, -2

GL, GE, GEV, DHR, SMCI led the SPX, 388 advancers 

MDB, PANW, NFLX, TTD, NVDA led the NDX, 84 advancers

Up:   IWM, QQQ, SPY, DIA,

Down: 

Ten of eleven sectors were higher on Tuesday, led by XLC, XLK and XLI

The SPY MFC green line is pointed up at 14.1 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 Trend: Up

84 of 100 NDX stocks closed higher on Tuesday.

22 NDX stocks are above their 30 DMA:  CTAS, FANG, AZN, GOOGL, KHC, KDP, XEL, PEP, AEP, EXC, TMUS, ADP, CEG, MDLZ, PANW, PDD, AMGN, DDOG, MDB, MRNA, ODFL, TEAM,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 6

AMGN, DDOG, MDB, MRNA, ODFL, TEAM,

Moving Below 30 DMA = 0

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