Trading Range Survives FOMC & Press Conference...AAPL, FB, QCOM, ALGN Rise in after-hours on Positive EPS Reaction...

© 2021
 

After-hours Earning Reactions:
Up – FB, QCOM, AAPL, CAKE, ALGN, MGM, ORLY
Down – EBAY, F
 
TSLA reported Monday.   
MSFT -2.83%, GOOGL +2.97% reported Tuesday after the close. 
AAPL and FB reported today after the close.
 
AMZN the last of the big six reports Thursday AMC.
Thirty-one percent or 155 SPX stocks will have reported earnings between Tuesday and Thursday after the close.
 
The two-day FOMC Meeting ended today with no change in interest rates.  The SPX moved sideways today in a classic trading range that continued during Powell’s press conference which began at 2:30 pm EDT.
 
 
DJI -164.55, -0.48%, closes at 33,820.  AMGN, MSFT, BA and MCD were the largest point decliners on Wednesday.
 
NDX -58.66, -0.42%, closes at 13,901, a second chance bull flag setup.
SPX -3.54, -0.08%, ended at 4,183.
 
TSLA -1.47%, closed just above short-term support.
 
SPY = HBO setup.
DIA = bull flag setup.
QQQ = bull flag bounce pause.
IWM = channel bounce continuation.
 
 
Five of eleven sectors were higher on Wednesday, led by XLE, XLC and XLF.
 
Energy leaders: NOV, FTI, DVN, HES
Communication Services leaders: IPG, GOOGL, FB, T
Financial leaders: SYF, WLTW, COF, DFS
 
SPY down .12 at 417.40, on 51.2 million shares, below average volume, down on similar volume. 
VIX down .28 at 17.28
 
CVX, V, AXP, CRM led the DJIA, 14 advancers, +0
NOV, FTI DVN HES led the SPX, 233 advancers.
TCOM, MDLZ, GOOGL, NTES led the NDX, 33 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM,
Down: SPY, QQQ, DIA,
 
Advancers strengthened on Wednesday as advancers led 1,926 to 1,354 on the NYSE and led 2,315 to 1,862 on the NASDAQ.
 
The SPY MFC green line is pointed up at 94.08 and is bullish.  SPY is an HBO setup. 
 
 
Uptrend sectors:  XLF, XLI, XLB, XLRE, XLK, XLY, XLV, XLC, XLP, XLU, 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 Trend: Up a little
 
33 of 100 NDX stocks closed higher on Wednesday.
 
69 NDX stocks are above their 30 DMA:   ORLY, AEP, XEL, AMAT, EXC, FB, FAST, CSX, MNST, COST, ASML, CERN, CDW, SBUX, ADBE, LRCX, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, ADSK, ALGN, ANSS, GOOGL, ISRG, MSFT, MXIM, NVDA, SNPS, AAPL, AMZN, CPRT, INTU, CHKP, DXCM, PYPL, TSLA, MELI, ALXN, DOCU, IDXX, LULU, OKTA, MRNA, TEAM, INCY, CHTR, NTES, PAYX, ILMN, ZM, AMD, BKNG, MTCH, PDD, QCOM, SGEN, WDAY, XLNX, CTSH, EBAY, TCOM, WDC, MAR, FISV, MDLZ,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 2
FISV, MDLZ,
 
Moving Below 30 DMA = 12
ADI, ADP, AMGN, CSCO, CTAS, DLTR, KLAC, MCHP, NXPI, PEP, SIRI, TXN,
 
 
 
Add Comments here: