Monday, April 26, 2021

SPX Inches to New Closing High...TSLA Down After-hours...FOMC Meets Tues/Wed...MSFT, GOOGL EPS Tuesday AMC...


© 2021
 
 
TSLA reported after the close.  The rest of the big six report as follows:
MSFT and GOOGL report Tuesday AMC, 
AAPL and FB report Wednesday AMC,
AMZN reports Thursday AMC.
Thirty-one percent or 155 SPX stocks will report earnings between Tuesday and Thursday.
 
The two-day FOMC Meeting starts Tuesday and concludes with its announcement Wednesday at 2 pm EDT.  No change in interest rates is expected.  Powell’s press conference will be at 2:30 pm EDT.
 
 
DJI -61.92, -0.18%, closes at 33,981.  UNH, HD, HON, PG and MMM were the largest point decliners on Monday.
 
NDX +84.72, +0.61%, closes at 14,026, second highest close 15 points below its all-time closing high.
SPX +7.45, +0.18%, ended at 4,187, new all-time closing high.
 
TSLA +1.21%, earnings after the close Monday.  TSLA -18.34, -2.48%, at 719.86, fell after the close, on negative earnings reaction.
 
SPY = HBO setup.
DIA = bull flag bounce pause.
QQQ = bull flag bounce.
IWM = channel bounce continuation.
 
 
Seven of eleven sectors were higher on Monday, led by XLE, XLB and XLK.
 
Energy leaders: SWN, APA, SLB, DVN
Basic Materials leaders: FCX, ALB, NUE, MOS
Technology leaders: WDC, STX, SWKS, ENPH
 
SPY up .87 at 417.61, on 52.1 million shares, below average volume, up on lower volume. 
VIX up .31 at 17.64
 
AXP, BA, GS, NKE led the DJIA, 12 advancers, -13
OTIS, FCX, ALB, STX led the SPX, 262 advancers.
WDC, SWKS DOCU, XLNX led the NDX, 59 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ, SPY,
Down: DIA,
 
Advancers weakened on Monday as advancers led 2,073 to 1,131 on the NYSE and led 2,847 to 1,392 on the NASDAQ.
 
The SPY MFC green line turned up at 91.2 and is bullish.  SPY is an HBO setup. 
 
 
Uptrend sectorsXLP, XLI, XLY, XLK, XLB, XLRE, XLC, XLF, XLU, XLV, XLE,
Neutral sectors: 
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 TrendUp a little
 
59 of 100 NDX stocks closed higher on Monday.
 
85 NDX stocks are above their 30 DMA:   KHC, ADP, ORLY, CSCO, AEP, XEL, AMAT, EXC, FB, MDLZ, SIRI, TXN, FAST, AMGN, PEP, CSX, MNST, COST, ASML, CERN, CDW, SBUX, ADBE, GILD, LRCX, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, ADSK, ALGN, ANSS, CDNS, GOOGL, ISRG, MSFT, MXIM, NVDA, SNPS, AAPL, AMZN, CPRT, FISV, INTU, CHKP, DXCM, PYPL, TSLA, MELI, ALXN, DOCU, IDXX, LULU, OKTA, MRNA, TEAM, INCY, VRTX, CHTR, NTES, PAYX, CTAS, KLAC, ILMN, ZM, ADI, AMD, BKNG, MCHP, MTCH, NXPI, PDD, QCOM, SGEN, WDAY, XLNX, ATVI, BIIB, CTSH, EBAY, TCOM, WDC,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 6
ATVI, BIIB, CTSH, EBAY, TCOM, WDC,
 
 
Moving Below 30 DMA = 1
DLTR,
 
 
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