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,
 

Add Comments here: