Sellers in Control After Negative Earnings Reaction on AMZN, AAPL...All Sectors Lower...

© 2022

QQQ, SPY, DIA, IWM opened and closed lower as selling gained momentum following a 30-minute rally at the open.  Only six of 35 earnings reactions were positive in the SPX on Friday.  

VRSN -29.73, -14.26%, AMZN -406.30, -14.05% and AAPL -5.99, -3.6% declined on negative earnings reaction on Friday. 

Earnings season: 

Monday morning: CTXS GPN L MCO WEC

Q1 Earnings Reports since April 13:

Positive reactions: MHK,CE, HON, FB, PTC, PYPL, QCOM, TYL, NOW, CHRW, DFS, TMO, EQIX, TXT,  LLY, MA, MRK, LKQ, MCD, ABMD, AEP, AWK, GWW, HSY, KIM, LVS, PHM, RJF, URI, ENPH, V, CME, FISV, MSFT, MAS, TL, WAB, TMUS, CB, NSC, STX, HUM IEX, CMG, ADP, ROL, APH, IQV, GM, HKC, GD, HES, BSX, SIVB, KMB, SLB, UAL, T, AAL, NUE, TSLA, DOW, CSX MMC, DGX, PM, MTB, IBM, OMC, MKTX, ASML, PG, ANTM, ABT, SBNY, CFG, HAS, FITB, PLD, JNJ, JBHT, SYF, BAC, C, USB, FRC, DAL, FAST,

Neutral reactions: TWTR, HOLX, TXN, ETR, MDLZ, ESS, AMT, GRMN, ODFL, PPG, RF, GL, GPC, ALK, KMI, SNA, DHR, CCI, TSCO, HBAN, HAL, GS, MS, UNH, BLK,

Negative reactions: VRSN, AMZN, CINF, AON, CHTR, INTC, RMD, FBHS AJS ABBV, CL KLAC AAPL CVX, LHX, BMY, XOM, CBOE, DXCM, ALGN, ORLY, SWK, TFX, CMCSA, DPZ, AMGN, AFL, AOS, CHD, LH, F, FFIV, RHI, BA, COF, EW, JNPR, GOOGL, EQR, TDY, UDR, CNC, TER, FE, ISRG, HCA, VZ, NEM, AXP, FCX, EFX, DOV, NEE, KEY, LRCX, PNR, UNP, POOL, NFLX, NDAQ, BKR, CMA, TRV, LMT, TFC, SCHW, BK, STT, WFC, PNC, JPM

SPY down 15.81 at 412.00, on 145.4 million shares, above average volume, down on higher volume.
VIX up 3.41 at 33.40
QQQ down 14.76 at 313.25.

HON, MRK led the DJIA, 2 advancers, -24

MHK, CE, SWN, VRTX led the SPX, 14 advancers.

PDD, JD, NTES, BIDU led the NDX, 7 advancers.
 
The two-year trend term is up.  The one-year trend is sideways.
 
Up: 
Down:  DIA, IWM, SPY, QQQ,
 
All eleven sectors were lower on Friday, led by XLB, XLE and XLV. 

Advancers weakened on Friday as decliners led 2,673 to 684 on the NYSE and led 3,504 to 1,300 on the NASDAQ.

The SPY MFC green line is pointed down at 12.3 and is short-term bearish.  SPY rolled over a fell to weekly and Feb 24 support levels in its 3-month sideways trend.    

Uptrend sectors:  XLE, XLU, XLP, XLV, XLB, XLRE,
Neutral sectors:  XLY, XLI,
Down trend sectors: XLK, XLF, XLC,
 
The 6-month intermediate trend is sideways.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Down
 
7 of 100 NDX stocks closed higher on Friday.
 
11 NDX stocks are above their 30 DMA:  KHC, XEL, PEP, MNST, ROST, MDLZ, MAR, VRTX, JD, NTES, PDD,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 3

JD, NTES, PDD,

Moving Below 30 DMA = 14

ADP, AEP, AZN, BKNG, CDNS, DLTR, EXC, FISV, GILD, KDP, LULU, ODFL, QCOM, TMUS,

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QQQ, SPY, DIA, IWM Close Higher on Broad Rally...FB Leads NDX, SPX...Tech, Communication Services Lead Sectors Higher...

 
© 2022
 
 
After a higher open and a morning pullback on Thursday, selling exhausted and buyers took over with a broad rally in the afternoon.  QQQ, SPY, DIA, IWM closed higher ahead of AMZN and AAPL earnings after the close.  
 
FB +30.78, +17.59% on a strong earnings reaction led the SPX and NDX today.
AMZN -259.94, -8.99% and AAPL -3.63, -2.22% declined after earnings after the close. 
 
 
Earnings season: 
Friday morning: ABBV AON BMY CBOE CHTR CL CVX HON LYB NWL PSX WY XOM
 
Thursday afternoon:  AAPL, AMZN, AJG, BIO, CE CINF, CPT DLR, DXCM, EMN, FBHS GILD HIG, INTC, KLAC, LHX, LNT MHK, PFG, RMD, SWN, SYK, VRSN, WDC.
 
Q1 Earnings Reports since April 13:
Positive reactions: FB, PTC, PYPL, QCOM, TYL, NOW, CHRW, DFS, TMO, EQIX, TXT,  LLY, MA, MRK, LKQ, MCD, ABMD, AEP, AWK, GWW, HSY, KIM, LVS, PHM, RJF, URI, ENPH, V, CME, FISV, MSFT, MAS, TL, WAB, TMUS, CB, NSC, STX, HUM IEX, CMG, ADP, ROL, APH, IQV, GM, HKC, GD, HES, BSX, SIVB, KMB, SLB, UAL, T, AAL, NUE, TSLA, DOW, CSX MMC, DGX, PM, MTB, IBM, OMC, MKTX, ASML, PG, ANTM, ABT, SBNY, CFG, HAS, FITB, PLD, JNJ, JBHT, SYF, BAC, C, USB, FRC, DAL, FAST,
 
Neutral reactions: TWTR, HOLX, TXN, ETR, MDLZ, ESS, AMT, GRMN, ODFL, PPG, RF, GL, GPC, ALK, KMI, SNA, DHR, CCI, TSCO, HBAN, HAL, GS, MS, UNH, BLK,
 
Negative reactions: ALGN, ORLY, SWK, TFX, CMCSA, DPZ, AMGN, AFL, AOS, CHD, LH, F, FFIV, RHI, BA, COF, EW, JNPR, GOOGL, EQR, TDY, UDR, CNC, TER, FE, ISRG, HCA, VZ, NEM, AXP, FCX, EFX, DOV, NEE, KEY, LRCX, PNR, UNP, POOL, NFLX, NDAQ, BKR, CMA, TRV, LMT, TFC, SCHW, BK, STT, WFC, PNC, JPM
 
SPY up 10.54 at 427.81, on 105.4 million shares, above average volume, up on higher volume.
VIX down 1.61 at 29.99
QQQ up 11.25 at 328.01.
 
 
 
CRM, MRK, NKE, AAPL led the DJIA, 26 advancers, +15
PTC, TYL, DFS, NOW led the SPX, 436 advancers.
FB, PYPL, QCOM, ADSK led the NDX, 92 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:  QQQ, SPY, DIA, IWM,
Down:  
 
All eleven sectors were higher on Thursday, led by XLK, XLC and XLE. 

Technology leaders:  PTC, PYPL, QCOM, TYL
Communication Services leaders:  FB, MTCH, NFLX, GOOGL
Energy leaders:  VLO, PSX, COP, DINO

Advancers strengthened on Thursday as advancers led 2,595 to 743 on the NYSE and led 3,072 to 1,755 on the NASDAQ.
 
The SPY MFC green line is pointed down at 16.4 and is short-term bearish.  SPY bounced above the HOLD in its 3-month sideways trend.    
 
 
Uptrend sectors:  XLE, XLU, XLP, XLV, XLB, XLRE,
Neutral sectors:  XLY, XLI,
Down trend sectors: XLK, XLF, XLC,
 
The 6-month intermediate trend is sideways.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Sideways
 
92 of 100 NDX stocks closed higher on Thursday.
 
22 NDX stocks are above their 30 DMA:  EXC, DLTR, KHC, XEL, PEP, MNST, ROST, GILD, MDLZ, MAR, ADP, BKNG, FISV, KDP, TMUS, AEP, AZN, CDNS, LULU, ODFL, QCOM, VRTX,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 7
AEP, AZN, CDNS, LULU, ODFL, QCOM, VRTX,
 
Moving Below 30 DMA = 2
AMGN, ORLY,
 

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Volatile Trading Range After MSFT, GOOGL EPS...FB Gains After-hours...Technology, Materials Lead Sectors...

 
© 2022
 
Indexes opened higher on Wednesday and traded in a volatile trading range.  SPY and DIA closed higher while QQQ and IWM closed lower.  
 
MSFT +13.00, +4.81% gained and GOOGL -87.11, -3.67% declined after earnings Tuesday after the close.  FB +33.29, +19.03% gained on a positive earnings reaction in after-hours on Wednesday. 
 
A total of 65 SPX 500 companies are reporting Thursday BMO and AMC.  AAPL, AMZN report Thursday AMC.
 
Earnings season: 
Thursday morning:  ABMD, AEP, AOS, BAX, CARR CAT, CHD, CMCSA, CTXS, DISH, DPZ, DTE, FTV, GWW, HSY, IP IPG, IRM, KIM, LH, LIN, LKQ, LLY, LUV, MA, MCD, MO, MRK, NLSN, NOC, PHM, SO SWK, TFX, TMO, TROW, TWTR TXT, WST, WTW, XEL.
Thursday afternoon:  AAPL, AMZN, AJG, BIO, CE CINF, CPT DLR, DXCM, EMN, FBHS GILD HIG, INTC, KLAC, LHX, LNT MHK, PFG, RMD, SWN, SYK, VRSN, WDC.
 
Q1 Earnings Reports since April 13:
Positive reactions: ENPH, V, CME, FISV, MSFT, MAS, TL, WAB, TMUS, CB, NSC, STX, HUM IEX, CMG, ADP, ROL, APH, IQV, GM, HKC, GD, HES, BSX, SIVB, KMB, SLB, UAL, T, AAL, NUE, TSLA, DOW, CSX MMC, DGX, PM, MTB, IBM, OMC, MKTX, ASML, PG, ANTM, ABT, SBNY, CFG, HAS, FITB, PLD, JNJ, JBHT, SYF, BAC, C, USB, FRC, DAL, FAST,
 
Neutral reactions: TXN, ETR, MDLZ, ESS, AMT, GRMN, ODFL, PPG, RF, GL, GPC, ALK, KMI, SNA, DHR, CCI, TSCO, HBAN, HAL, GS, MS, UNH, BLK,
 
Negative reactions: FFIV, RHI, BA, COF, EW, JNPR, GOOGL, EQR, TDY, UDR, CNC, TER, FE, ISRG, HCA, VZ, NEM, AXP, FCX, EFX, DOV, NEE, KEY, LRCX, PNR, UNP, POOL, NFLX, NDAQ, BKR, CMA, TRV, LMT, TFC, SCHW, BK, STT, WFC, PNC, JPM
 

SPY up 1.17 at 417.27, on 121.9 million shares, above average volume, up on higher volume.
VIX down 1.92 at 31.60
QQQ down .38 at 316.76.
 
V, MSFT, CRM, CAT led the DJIA, 11 advancers, +11
ENPH, CME, MA, BKNG led the SPX, 28 advancers.
JD, PDD, BIDU, FISV led the NDX, 37 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:  SPY, DIA,
Down:  QQQ, IWM,
 
Six of eleven sectors were higher on Wednesday, led by XLK, XLB and XLE. 

Technology leaders:  ENPH, V, MA, FISV
Materials leaders:  AVY, FCX, AMCR, SHW
Energy leaders:  VLO, APA, DVN, XOM

Advancers strengthened on Wednesday as decliners led 1,857 to 1,463 on the NYSE and led 2,482 to 1,926 on the NASDAQ.
 
The SPY MFC green line is pointed down at 22.1 and is short-term bearish.  

SPY closed above support in a 3-month sideways channel.    
 
 
Uptrend sectors:  XLE, XLU, XLP, XLV, XLB, XLRE,
Neutral sectors:  XLY, XLI,
Down trend sectors: XLK, XLF, XLC,
 
The 6-month intermediate trend is sideways.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Down
 
37 of 100 NDX stocks closed higher on Wednesday.
 
17 NDX stocks are above their 30 DMA:  EXC, DLTR, KHC, AMGN, XEL, PEP, MNST, ROST, GILD, MDLZ, ORLY, MAR, ADP, BKNG, FISV, KDP, TMUS,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 5
ADP, BKNG, FISV, KDP, TMUS,
 
Moving Below 30 DMA = 1
VRTX,
 

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Indexes Reverse Monday's Bounce as Pullback Resumes...Energy Leads Sectors...After hours, MSFT Gains, GOOGL Falls...

 
© 2022
 
This is the heart of earnings season, 179 SPX 500 companies are reporting this week, including heavy weight stocks MSFT, GOOGL on Tuesday AMC, FB on Wednesday AMC and AAPL, AMZN on Thursday AMC.
 
Indexes opened lower and closed lower with both GOOGL and MSFT reporting after the close. QQQ, DIA, IWM and SPY, reversed Monday’s bounce and closed lower.
 
After the close:
GOOGL -60.50, -2.55%
MSFT +12.08, +4.47%
 
SPY down 12.41 at 416.10, on 103.9 million shares, average volume, down on lower volume.
VIX up 6.50 at 33.52
QQQ down 12.44 at 317.14.
 
CVX, JNJ, AMGN led the DJIA, 0 advancers, -22
SHW, WM, WHR, VLO led the SPX, 28 advancers.
CDNS, ORLY led the NDX, 2 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:   
Down: DIA, SPY, IWM, QQQ,
 
One of eleven sectors was higher on Tuesday, led by XLE. 

Energy leaders:  VLO, SLB, BKR, MPC
 

Advancers weakened on Tuesday as decliners led 2,763 to 557 on the NYSE and led 3,927 to 856 on the NASDAQ.
 
The SPY MFC green line is pointed down at 32.2 and is short-term bearish.  SPY reversed Monday’s bounce and closed near March lows in a 3-month sideways channel.    
 
 
Uptrend sectors:  XLE, XLU, XLP, XLV, XLB, XLRE,
Neutral sectors:  XLF, XLI,
Down trend sectors: XLK, XLY, XLC,
 
The 6-month intermediate trend is sideways.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Down
 
2 of 100 NDX stocks closed higher on Tuesday.
 
13 NDX stocks are above their 30 DMA:  EXC, DLTR, KHC, AMGN, XEL, VRTX, PEP, MNST, ROST, GILD, MDLZ, ORLY, MAR, 
 

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 0
 
 
Moving Below 30 DMA = 8
ADP, AEP, BIIB, BKNG, EA, LULU, TSLA, VRSK,
 

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QQQ, DIA, IWM, SPY Form Channel Low Day Before Rising...Tech, Communication, Discretionary Lead Sectors...Heart of Earnings Season this Week...

 
© 2022
 
This is the heart of earnings season with 179 SPX 500 companies reporting this week, and reports from heavy weight stocks MSFT, GOOGL on Tuesday AMC, FB on Wednesday AMC and AAPL, AMZN on Thursday AMC.
 
Indexes opened lower and traded in a volatile range most of the day until a rally during the last two hours lifted QQQ, DIA, IWM and SPY, which formed piercing line candle patterns and closed higher after being the low day in a sideways channel.
 
SPY up 2.47 at 428.51, on 119.6 million shares, above average volume, up on lower volume
VIX down 1.19 at 27.02
QQQ up 4.18 at 329.58.
 
JNJ, MSFT, AXP, CRM led the DJIA, 22 advancers, +22
GPS, TWTR, PENN, EFX led the SPX, 290 advancers.
MRNA, MTCH, MELI, FTNT led the NDX, 87 advancers.
 
The two-year trend term is up.  The one-year trend is up.
  
Up:  QQQ, DIA, IWM, SPY,
Down:  
 
Six of eleven sectors were higher on Monday, led by XLK, XLC and XLY. 

Technology leaders:  FTNT, CDAY, WDC, TRMB
Communication Services leaders:  MTCH, TWTR, LYV, GOOG
Consumer Discretionary leaders:  GPS, PENN, PHM, DHI, LEN 
 
Advancers strengthened on Monday as decliners led 1,714 to 1,635 on the NYSE and advancers led 2,688 to 1,115 on the NASDAQ.
  
The SPY MFC green line is pointed down at 44.9 and is short-term bearish.  SPY bounced at short-term support and closed above Friday’s close in a 3-month sideways channel.    
 
 
Uptrend sectors:  XLE, XLU, XLP, XLV, XLB, XLRE,
Neutral sectors:  XLF, XLI,
Down trend sectors: XLK, XLY, XLC,
 
The 6-month intermediate trend is sideways.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Down
 
87 of 100 NDX stocks closed higher on Monday.
 
21 NDX stocks are above their 30 DMA:  EXC, DLTR, KHC, AEP, AMGN, XEL, VRTX, VRSK, PEP, LULU, MNST, ROST, GILD, MDLZ, ORLY, MAR, TSLA, EA, ADP, BIIB, BKNG,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
ADP, BIIB, BKNG, 
 
Moving Below 30 DMA = 1
COST,
 
 
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