NDX, SPX Find Support after Thursday's Pause...AMZN, SNAP, PINS Soar on EPS...Discretionary, Financial Lead Sectors...

 
© 2022
 
 
SPX and NDX opened higher after a strong positive AMZN earning reaction and a stronger than expected Jobs Report which raised concerns of more aggressive tightening by the Fed. 
 
Earnings reactions: AMZN +375.88, +13.54%, SNAP +14.41, +58.82%, PINS +2.74, +11.18%, CLX -23.93, -14.47%, F -1.93, -9.7%
 
 
Earnings season:
 
Earnings Reports:
Positive reactions: AMZN, SNAP, PINS, NLOK, FTNT, AON, CBOE, BMY, TMUS, BDX, RL, HSY, GOOGL, AMD, ODFL, MTCH, HUM, HWM, ABBV, DHI, XOM, CTLT, NXPI, PHM, OTIS, V, CHTR, WY, CHD, NOW, BLL, STX, PKG, DOW, NUE, URI, AMP, MA, TSCO, RJF, GLW, MSFT, TXN, ZION, AXP, JNJ, RTX, LMT, PCAR, HAL, TRV, BKR, AA, UNP, PG, MS, WFC,
Neutral reactions: REGN, CAH, CMI, ICE, SWK, BEN, ARE, TT, CL, LYB, VLO, VRTX, CMCSA, MCD, GD, APH, MMM, IVZ, ADM, VZ, INFO, KMI, BAC, UNH, JBHT, PLD, FAST, TFC
Negative reactions: CLX, F, APD, RCL, ETN, FB, XYL, QRVO, SHOP, FTV, HON, LNC, CI, EL, MRK, LLY, COP, BIIB, PYPL, SBUX, BR, LHX, SYF, VFC, CVX, CAT, PSX, TER, TSLA, INTC, LRCX, WHR, LVS, XLNX, CCI, FFIV, BA, FCX, COF, ABT, ADP, ANTM, HES, KMB, MKTX NDAQ NSC, PGR ROL, T, TEL, NFLX, SIVB, HBAN, ISRG, PBCT, CSX, PPG, SLB, RF, MTB, NTRS, FITB, KEY, AAL, DFS, UAL, USB, STT, CFG, CMA, BK, GS, PNC, SBNY, SCHW, TFC, C, BLK, FRC, JPM
 
 
SPY up 2.10 at 448.70, on 118.4 million shares, average volume, up on similar volume.
VIX down 1.13 at 23.22
QQQ up 4.46, +1.26% at 358.01
 
 
CRM, JPM, GS, MSFT led the DJIA, 9 advancers, +4
NLOK, TTWO, TWTR, LNC, ENPH led the SPX, 213 advancers.
AMZN, DDOG, FTNT, ZS led the NDX, 58 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:  QQQ, SPY, IWM,
Down:  DIA,  
 
Five of eleven sectors were higher on Friday, led by XLY, XLF and XLE.
 
Consumer Discretionary leaders: AMZN, ETSY, EBAY, MGM, TSLA
Financial leaders: LNC, MKTX, PRU, BAC
Energy leaders: HES, MRO, SWN, FTI
 
Advancers strengthened on Friday as decliners led 1,802 to 1,505 on the NYSE and advancers led 2,924 to 1,672 on the NASDAQ.
 
The SPY MFC green line is pointed up at 51.2 and is bullish.  SPY opened lower and closed higher on Friday. 
 
 
Uptrend sectors:  XLE, XLP, XLU,
Neutral sectors: XLF, XLI, XLB, XLRE, XLV, XLK,
Down trend sectors: XLY, XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up a little.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Sideways
 
58 of 100 NDX stocks closed higher on Friday.
 
24 NDX stocks are above their 30 DMA:  VRTX, CERN, KDP, ATVI, PCAR, EXC, XEL, BKNG, INCY, AAPL, BIDU, JD, NTES, SIRI, EA, GOOGL, MDLZ, QCOM, REGN, XLNX, TMUS, AMZN, DDOG, MAR, SPLK,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 4
AMZN, DDOG, MAR, SPLK,
 
Moving Below 30 DMA = 4
AEP, FISV, ODFL, PEP,

 
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