Monday, January 30, 2023

AAPL, AMZN, GOOGL META Earnings Week...SPX Opens, Closes Lower Before FOMC Meets...Ten Sectors Close Lower...After hours: NXPI Lower, WHR Higher...


© 2023

 

-SPX -52.79 gapped down, rallied, filled most of the gap and closed lower.
-VIX closed higher.
-After-hours: NXPI -5.68, -3.16 %, on negative EPS reaction, 
-WHR +3.71, +2.42 %, on positive EPS reaction.

 

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

Mega caps TSLA, NVDA, META, GOOGL, MSFT, AAPL, pulled back on Monday.


iBB:  In our model account we maintain a net long position.  We adjusted a LCV to a short call and increased slightly our 10 February exposure.


Day 11 of Q4 Earnings Season today, 124 SPX companies have reported as of the close:

First day reaction: Q4 through Jan 29…
Positive: BEN, AXP, LHX, RHI, V, WY, TSLA, STX, STLD, URI, NUE, PKG, LVS, TSCO, VLO, NOW, AAL, LRCX, CCI, MMC, ROK, AMP, MKTX, COF, T, USB, PGR, TDY, FCX, ELV, HES, PCAR, TRV, RTX, VZ, LMT, DHI, GE, SIVB, NFLX, PPG, STT, RF, CMA, MTB, TFC, FITB, KMI, JBHT, PLD, MS, SBNY, WFC, JPM, BAC, BK, C, FRC = 58
Neutral: HCA, CMCSA, ALK, DOW, XEL, TER, ADM, TXT, BA, APH, MSFT, FFIV, TEL, JNJ, HBAN, SLB, DFS, BLK = 18
Negative: KLAC, INTC, EMN, CL, CVX, CHTR, RMD, WRB, ROP, AJG, SHW, MKC, IBM, NOC, RJF, LUV, CSX, TROW, MA, NEE, NDAQ, ISRG, NSC, ADP, GD, KMB, ABT, TXN, MMM, UNP, IVZ, DHR, HAL, BRO, ZION, BKR, SYF, NTRS, KEY, PG, FAST, PNC, UAL, SCHW, GS, CFG, DAL, UNH = 48


109 SPX companies report EPS this week:
Monday:  BEN, ARE NXPI, PFG, WHR
TuesdayAOS, CAT, DOV, GLW, GM, IP, MCD, MCO, MPC, MSCI, NVR, PFE, PHM, PNR, PSX, SYY, UPS, XOM, AMD, AMGN, BXP, CB, EA, EW, IEX, JNPR, MDLZ, MTCH, SYK, WDC
Wednesday:  ABC, BSX, FTV, HUM, JCI, MO, ODFL, OTIS, TMO, TMUS WM, WRK, AFL, ALGN, ALL, CHRW, DTVA, EBAY, GL, HOLX, MAA, MCK, MET, META, PTC, QRVO
Thursday:  AME, APD, APTV, AVY, BALL, BDX, BMY, CR, CAH, CMS, COP, DGX, EL, GWW, HON, HSY, ICE, ITW, LLY, MRK, PH, SNA, SWK, TECH, TT WEC, AAPL, AMZN, CLX, CPT, CTSH, F, GEN, GILD, GOOG, GOOGL, HIG, MCHP, NWSA, QCOM, SBUX
Friday:  AON, CBOE, CHD, CI, LYB, REGN, ZBH


SPY down 5.09 at 400.59, on 74.2 million shares, average volume, down on higher volume.
VIX up 1.43 at 19.94
QQQ down 5.99 at 290.27

GS, VZ, IBM, MRK led the DJIA, 8 advancers, -5
CINF, AZO, HSY, CL led the SPX, 102 advancers
ORLY, KHC, PAYX, ADP led the NDX, 11 advancers.

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

Up:
DownDIA, SPY, IWM, QQQ,

One of eleven sectors was higher on Monday, led by XLP, XLU and XLF.

The SPY MFC green line is pointed up at 78.1 and is short-term bullishBe prepared to become defensive if the green line turns down on Tuesday.  SPY opened lower and closed higher.

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

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

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


11 of 100 NDX stocks closed higher on Monday.

71 NDX stock are above their 30 DMA:   AVGO, ALGN, BKNG, META, SGEN, CMCSA, PDD, PYPL, SBUX, EBAY, IDXX, MU, NFLX, WBD, BKR, CHTR, AMAT, ASML, CTSH, FANG, LRCX, ODFL, TMUS, ADBE, ANSS, CDNS, MELI, ADSK, AMZN, ISRG, NXPI, QCOM, ABNB, AMD, FISV, LCID, MAR, NVDA, TEAM, CPRT, GOOG, GOOGL, VRTX, AAPL, EA, BIIB, COST, CPRT, DLTR, FAST, ILMN, INTU, MCHP, MRVL, MSFT, PANW, TXN, WDAY, VRSK, ZS, ADI, FTNT, GFS, PCAR, REGN, TSLA, MNST, ROST, CSCO, DDOG, OKTA, ZM, CSGP,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
CSGP,

Moving Below 30 DMA = 7
ATVI, CRWD, INTC, JD, KLAC, RIVN, SIRI,




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Friday, January 27, 2023

SPX Opens Lower, Closes Higher...Discretionary, Real Estate, Communication Services Lead Sectors...

 
© 2023



iBB:  In our model account we maintain a net long position.  We had 4 LCVs hit target, and we increased our 3 February exposure.


Day 10 of Q4 Earnings Season today, 123 SPX companies have reported as of the close:

First day reaction: Q4 through Jan 27…
PositiveAXP, LHX, RHI, V, WY, TSLA, STX, STLD, URI, NUE, PKG, LVS, TSCO, VLO, NOW, AAL, LRCX, CCI, MMC, ROK, AMP, MKTX, COF, T, USB, PGR, TDY, FCX, ELV, HES, PCAR, TRV, RTX, VZ, LMT, DHI, GE, SIVB, NFLX, PPG, STT, RF, CMA, MTB, TFC, FITB, KMI, JBHT, PLD, MS, SBNY, WFC, JPM, BAC, BK, C, FRC = 57
Neutral: HCA, CMCSA, ALK, DOW, XEL, TER, ADM, TXT, BA, APH, MSFT, FFIV, TEL, JNJ, HBAN, SLB, DFS, BLK = 18
Negative: KLAC, INTC, EMN, CL, CVX, CHTR, RMD, WRB, ROP, AJG, SHW, MKC, IBM, NOC, RJF, LUV, CSX, TROW, MA, NEE, NDAQ, ISRG, NSC, ADP, GD, KMB, ABT, TXN, MMM, UNP, IVZ, DHR, HAL, BRO, ZION, BKR, SYF, NTRS, KEY, PG, FAST, PNC, UAL, SCHW, GS, CFG, DAL, UNH = 48

109 SPX companies report EPS next week
Monday:  BEN, ARE NXPI, PFG, WHR
Tuesday:  AOS, CAT, DOV, GLW, GM, IP, MCD, MCO, MPC, MSCI, NVR, PFE, PHM, PNR, PSX, SYY, UPS, XOM, AMD, AMGN, BXP, CB, EA, EW, IEX, JNPR, MDLZ, MTCH, SYK, WDC
Wednesday:  ABC, BSX, FTV, HUM, JCI, MO, ODFL, OTIS, TMO, TMUS WM, WRK, AFL, ALGN, ALL, CHRW, DTVA, EBAY, GL, HOLX, MAA, MCK, MET, META, PTC, QRVO
Thursday:  AME, APD, APTV, AVY, BALL, BDX, BMY, CR, CAH, CMS, COP, DGX, EL, GWW, HON, HSY, ICE, ITW, LLY, MRK, PH, SNA, SWK, TECH, TT WEC, AAPL, AMZN, CLX, CPT, CTSH, F, GEN, GILD, GOOG, GOOGL, HIG, MCHP, NWSA, QCOM, SBUX
Friday:  AON, CBOE, CHD, CI, LYB, REGN, ZBH


SPY up .93 at 405.68, on 68.3 million shares, below average volume, up on lower volume.
VIX down .22 at 18.51
QQQ up 2.92 at 296.26

AXP, V, WBA, MMM led the DJIA, 13 advancers, -5
LHX, VNO, RHI, BXP led the SPX, 263 advancers
LCID, TSLA, RIVN, ABNB led the NDX, 56 advancers.

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

Up:  QQQ, IWM, SPY, DIA,
Down:

Five of eleven sectors were higher and two were unchanged on Friday, led by XLY, XLRE and XLC.

The SPY MFC green line turned up at 77.1 and is short-term bullish.  SPY opened lower and closed higher.

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

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

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


56 of 100 NDX stocks closed higher on Friday.

77 NDX stock are above their 30 DMA:   AVGO, ALGN, BKNG, META, SGEN, CMCSA, PDD, PYPL, SBUX, EBAY, IDXX, MU, NFLX, WBD, BKR, CHTR, AMAT, ASML, CTSH, FANG, INTC, KLAC, LRCX, ODFL, TMUS, ADBE, ANSS, CDNS, MELI, ADSK, AMZN, ISRG, NXPI, QCOM, ABNB, AMD, FISV, LCID, MAR, NVDA, TEAM, CPRT, GOOG, GOOGL, VRTX, AAPL, EA, BIIB, COST, CPRT, DLTR, FAST, ILMN, INTU, JD, MCHP, MRVL, MSFT, PANW, TXN, WDAY, VRSK, ZS, ADI, FTNT, GFS, PCAR, REGN, TSLA, MNST, ROST, CSCO, SIRI, CRWD, DDOG, OKTA, ZM, ATVI, RIVN,

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2
ATVI, RIVN,



Moving Below 30 DMA = 2
CSGP, MRNA,




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Thursday, January 26, 2023

SPX Closes Higher after Strong GDP and TSLA, STX, STLD, URI Earnings Reactions...Energy, Discretionary, Technology Lead Sectors...


© 2023


-The SPX +44.21 gapped up, filled the gap and closed higher.
-GDP Q4 +2.9% vs. +2.7% estimate.
-TSLA, STX, STLD, URI gained 9%+ after positive EPS reactions.
-VIX closed lower.

-Today, we managed strangle trades on TSLA, IBM, WOLF & MSFT.

 

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

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


iBB:  In our model account we maintain a net long position.  We had 3 LCVs hit target, managed 4 earnings strangles, and we increased our 3 February exposure.


Day 9 of Q4 Earnings Season today, 107 SPX companies have reported as of the close:

First day reaction: Q4 through Jan 26…
PositiveTSLA, STX, STLD, URI, NUE, PKG, LVS, TSCO, VLO, NOW, AAL, LRCX, CCI, MMC, ROK, AMP, MKTX, COF, T, USB, PGR, TDY, FCX, ELV, HES, PCAR, TRV, RTX, VZ, LMT, DHI, GE, SIVB, NFLX, PPG, STT, RF, CMA, MTB, TFC, FITB, KMI, JBHT, PLD, MS, SBNY, WFC, JPM, BAC, BK, C, FRC = 52
Neutral: CMCSA, ALK, DOW, XEL, TER, ADM, TXT, BA, APH, MSFT, FFIV, TEL, JNJ, HBAN, SLB, DFS, BLK = 17
Negative: SHW, MKC, IBM, NOC, RJF, LUV, CSX, TROW, MA, NEE, NDAQ, ISRG, NSC, ADP, GD, KMB, ABT, TXN, MMM, UNP, IVZ, DHR, HAL, BRO, ZION, BKR, SYF, NTRS, KEY, PG, FAST, PNC, UAL, SCHW, GS, CFG, DAL, UNH = 38

88 SPX companies report EPS this week:
Monday:  BKR, SYF, BRO, ZION
Tuesday:  DHI, DHR, GE, HAL, IVZ JNJ, LMT, MMM, PCAR, RTX, TRV, UNP, VZ, COF, FFIV, ISRG, MSFT, TXN
Wednesday:  ABT, ADP, APH, BA, ELV, FCX, GD, HES, KMB, MKTX, NDAQ, NEE NSC, PGR, T TDY, TEL, TXT, USB, AMP, CCI, CSX, IBM, LRCX, LVS, NOW, PKG, RJF, STLD, STX, TER, TSLA, URI,
Thursday:  AAL, ADM, ALK, CMCSA, DOW, LUV, MA, MKC, MMC, NOC, NUE, ROK, SHW, TROW, TSCO, VLO, XEL, AJG, EMN, INTC, KLAC, LHX, RHI, RMD, V, WRB, WY
Friday:  AXP, CHTR, CL, CVX, HCA, ROP


SPY up 4.40 at 404.75, on 72.2 million shares, below average volume, up on lower volume.
VIX down .35 at 18.73
QQQ up 5.61 at 293.34

CRM, CVX, MSFT, GS led the DJIA, 18 advancers, +3
STX, STLD, URI, NUE led the SPX, 361 advancers
TSLA, PDD, DDOG, MELI led the NDX, 84 advancers.

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

Up:  QQQ, SPY, DIA, IWM,
Down:

Ten of eleven sectors were higher on Wednesday, led by XLE, XLY and XLK.

The SPY MFC green line turned up at 71.6 and is short-term bullish.  SPY opened higher and closed higher.

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

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

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


84 of 100 NDX stocks closed higher on Thursday.

77 NDX stock are above their 30 DMA:   AVGO, ALGN, BKNG, META, SGEN, CMCSA, PDD, PYPL, SBUX, EBAY, IDXX, MU, NFLX, WBD, BKR, CHTR, AMAT, ASML, CTSH, FANG, INTC, KLAC, LRCX, ODFL, TMUS, ADBE, ANSS, CDNS, MELI, ADSK, AMZN, ISRG, NXPI, QCOM, ABNB, AMD, FISV, LCID, MAR, NVDA, TEAM, CPRT, GOOG, GOOGL, VRTX, AAPL, EA, BIIB, COST, CPRT, DLTR, FAST, ILMN, INTU, JD, MCHP, MRVL, MSFT, PANW, TXN, WDAY, VRSK, ZS, ADI, FTNT, GFS, PCAR, REGN, TSLA, MNST, ROST, CSCO, SIRI, CRWD, CSGP, DDOG, OKTA, ZM,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 5
CRWD, CSGP, DDOG, OKTA, ZM,



Moving Below 30 DMA = 0




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