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

 
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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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