Friday, April 29, 2022

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 TrendDown
 
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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