SPX Holds One-Year Support as Buyers, Sellers Form Doji...Breadth Improves, Remains Negative...Energy, Utilities, Staples Lead Sectors...

 

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SPX -23.53 opened lower, traded in a range an closed lower above support while volatility dropped.  All four index ETFs and all 8 sectors closed lower. 

SPY down 2.47 at 411.34, on 151.7 million shares, above average volume, down on lower volume.
VIX down 1.01 at 30.19
QQQ down 3.75 at 309.25
 

CVX, IBM, PG, UNH led the DJIA, 12 advancers, +12
NRG, EOG, HES, APA, MCK led the SPX, 153 advancers
MNST, CTSH, DLTR, EBAY led the NDX, 19 advancers
 
The two-year trend term is up.  The one-year trend is sideways. 

Up: 
Down:   DIA, SPY, QQQ, IWM,
 
Three of eleven sectors were higher on Friday, led by XLE, XLU and XLP.

 

Energy leaders:  EOG, HES, APA, PXD

Utilities leaders:  NRG, SRE, EIX, PNW

Consumer Staples leaders:  MNST, CLX, K, SJM

Advancers strengthened on Friday as decliners led 2,301 to 1,005 on the NYSE and led 3,572 to 1,140 on the NASDAQ.

The SPY MFC green line is turned up at 21 and is short-term bullish.  SPY traded in a range at support and formed a doji.    

 
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
 
19 of 100 NDX stocks closed higher on Friday.
 
6 NDX stocks are above their 30 DMA:  KHC, MDLZ, HON, NXPI, ODFL, MNST,
 
NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 1

MNST,  

Moving Below 30 DMA = 4

GILD, JD, MAR, ROST,

Earnings season: 

Q1 Earnings Reports since April 13:

Positive reactions: NRG, EOG, MCK CI, MNST, RSK, NLOK, EPAM, ALB, K, BKNG, WRK, PAYC, GNRC, SBUX, XYL, AMCR, AMD AIG EXR, REG, MTCH, MRNA, CDW, VMC, CVS, MAR, ABC, OKE TECH, CTLT, DVN, CTRA, MOS, WAT, IPGP, MPC, CMI, BXP, HWM, MLM, SEDG, 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: UAA, DISH, ILMN, NWSA, FLT, VRTX, DVA, ETSY, CTSH, EBAY, QRVO, APA, CDAY, BLL, ICE, PENN, ANSS, RCL, APTV, AKAM, JCI, IDXX, SWKS, VRSK, PEAK, ROK, EXPE, FMC, EL, HLT ANET IT ABRA, MGM, GPN, MCO, 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

  

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