Broad Rally Day 3 as Positive EPS Reactions Continue...AMZN, AAPL, CVX, XOM Gap Higher...Energy, Discretionary, Industrials Lead Sectors...

© 2022

The SPX +57.86 opened higher and closed higher following strong AMZN, AAPL, CVX and XOM positive earnings reaction.  /CL and GLD closed higher, while DXY, TLT and TNX moved lower.

GDP Q2 estimate was -0.9% vs. 0.5% consensus.

158 SPX companies report EPS next week:  Mon: GPN, J, L, / AFL, ANET, ATVI, CF, DVA, DVN, FANG, MOS, MPWR, SBAC, SPG, VNO, WMB/ Tue: AME, CAT, CMI, CNP, DD, ETN, EXPD, HSIC, IDXX, INCY, IPGP, IT, ITW, LDOS, MAR, MPC, PEG, SEE, SPGI, TAP, WAT, WEC, XYL, ZBH, ZBRA / AIZ, AMD, CTRA, CZR, EA, EXR, FMC, GILD, MCHP, MTCH, OXY, PAYC, PEAK, PRU, PXD, PYPL, SBUX, SEDG, STE, VRSK/ Wed: ABC, BWA, CDW, CRL, CVS, DISH, ETR, EXC, GNRC, MRNA, NI, PNW, PPL, REGN, TT UA, UAA, YUM / ALB, ALL, ANSS, APA, ATO, BKNG, CDAY, CLX, DXC, EBAY, FLT, FTNT, HST, IR, LNC, LUMN, MCK, MET, MGM, MRO O, QRVO/ Thu: ABMD, APD, APTV, BALL, BDX, CBRE, CEG, CI, COP, DUK, EPAM, EVRG, FIS, FRT, HII, HWM, ICE, IRM, JCI, K, LLY, NRG, OGN, PARA, PENN, PH, PKI, PWR, SRE, TECH, VMC, WRK, XRAY, ZTS / AEE, AES, AMGN, CTVA, ED, EOG, EXPE, LNT, LYV, MNST, MSI, NLOK, PSA, REG, RSG, SWKS, VRTX, VTR, WBD/ Fri: TRMB, WAB, WDC

 

First day reactions this past week:

Positive: AMZN, CVX, GWW, XOM, MTD, KLAC, VRSN, LHX, EIX, AAPL, HIG, AJG, PSX, FTI, ETSY, EQIX, RCL, ALGN, PTC, CHRW, TYL, F, URI, WST AVB, FTV, MAA, BEN, AMT, DRE, KDP, LRCX, HON, MOH, FBHS, SO, AWK, XEL, HSY, CMS, TMO, MA ORLY, MAS LIN, MLM, DTE, NOC, KIM, LH, ENPH, CMG, ROK GOOGL, HLT, ADP, AVY, APH, MSFT, TXN, BSX, AMP, TMUS, OTIS, TEL, SYK, EQR, WM, LW, IEX, GPC, BXP, BMY, ZION, HES, ESS, MDLZ, GD, MMM, GE, ADM, FISV, MCD, FFIV, MCD, PNR WHR, CDNS KO, CNC, GLW, PCAR, MSCI = 83, QTD = 133

Neutral: ES, WY, CPT, AON, CL, CHTR, IP, VICI, LKQ, AOS, WTW, TROW, ALLE, CARR, MO, HOLX, RJF, TXT, NLSN, UDR, FE, ODFL, BA, AEP, TER, NSC, IVZ, CB, V, KMB, NXPI, UHS

Negative: CHD, INTC, VFC, EW, PG, MHK, DXCM, ABBV, DLR, DLR NWL, CE CBOE, SWK, CINF, BAX, CMCSA, TFX, LUV, META, CTSH, RE, QCOM, NOW, PFE GL, VLO, MRK, SHW, GRMN, TDY, KHC, CME, HUM, ROC, JNPR, PKG, RTX, PHM, GM, UPS, ECL, NVR, MCO, BRO, NEM = 46, QTD = 81

Retail stocks continued to rally on Friday.

SPY up 5.92 at 411.99, on 87.0 million shares, above average volume, up on higher volume.

VIX down 1.00 at 21.33, lowest close in three months.

QQQ up 5.65 at 315.46

CVX, CAT, AAPL, NKE led the DJIA, 24 advancers, -1

FTI, GWW, URI, FCX, SEDG led the SPX, 389 advancers

AMZN, DDOG, TSLA, MRNA led the NDX 72 advancers

The two-year trend term is up.  The one-year trend down.

Up:  QQQ, SPY, DIA, IWM,

Down:   

Nine of eleven sectors were higher on Friday, led by XLE, XLY and XLI.

Energy leaders:  FTI, CVX, OXY, XOM

Consumer Discretionary leaders:  AMZN, TSLA, F, TGT

Industrials leaders:  GWW, URI, CAT, NOC

Advancers weakened slightly on Friday as advancers led 2,319 to 910 on the NYSE and led 2,707 to 1,859 on the NASDAQ.

The SPY MFC green line is pointed up at 86.9 and is short-term bullish.  SPY moved higher closed higher for the third straight day and is nearing intermediate-term resistance.

Uptrend sectors:    

Neutral sectors:   XLE, XLU, XLV, XLP, XLK, XLI, XLRE,

Down trend sectors:  XLC, XLY, XLF, XLB,

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

72 of 100 NDX stocks closed higher on Friday.

83 NDX stocks are above their 30 DMA:   SGEN, MNST, AZN, COST, DXCM, OKTA, ORLY, KDP, PEP, VRSK, AMGN, SIRI, VRSN, AAPL, CDNS, CPRT, IDXX, CTAS, QCOM, TSLA, ADI, ROST, SWKS, TXN, ALGN, AMZN, ATVI, FISV, ISRG, MCHP, MU, NFLX, NXPI, ODFL, SNPS, KLAC, SPLK, ABNB, ADBE, ADP, ADSK, AMAT, AMD, ANSS, ASML, AVGO, CSCO, CSX, EBAY, INTU, LRCX, MAR, MDLZ, MELI, MRVL, NVDA, PAYX, PCAR, PYPL, EA, ILMN, NTES, HON, AEP, EXC, XEL, TMUS, BIIB, BKNG, CRWD, DOCU, GOOGL, LULU, MSFT, MTCH, OKTA, TEAM, WBA, WDAY, DLTR, FAST, FTNT, CTSH, DDOG,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

CTSH, DDOG,  

Moving Below 30 DMA = 1

INTC,

 

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Broad Rally Continues with Strong Earnings Reactions...Real Estate, Utilities, Industrials Lead Sectors...After hours: AAPL, AMZN Rise, ROKU, DXCM, INTC Fall...

 © 2022

The SPX +48.82 opened higher and closed higher.  TLT and GLD closed higher, while DXY, /CL and TNX moved lower.

GDP Q2 estimate was -0.9% vs. 0.5% consensus.

A total of 175 SPX companies will report EPS this week including GOOGL, MSFT on Tuesday, META on Wednesday, AAPL, AMZN on Thursday.

175 SPX companies report EPS this week:  NEM, BRO, CDNS, FFIV, NEM, NXPI, PKG, UHS, WHR/ Tue: ADM, CNC, ECL, FISV, GE, GLW, GM, KMB, KO, MCD, MCO MMM, MSCI, NVR, PCAR, PHM, PNR, RTX, UPS, AMP, BXP, CB, CMG, ENPH, EQR, ESS, FE, GOOG, GOOGL, IEX, JNPR, MDLZ, MSFT, SYK, TER, TXN, UDR, V, ZION/ Wed: ADP, AEP, APH, AVY, BA, BMY, BSX, CME, GD, GPC, GRMN, HES, HLT, HUM, IVZ, KHC, LW, NSC, ODFL, OTIS, ROK, ROL, SHW, TDY, TEL, TMUS, WM, ALGN, AVB, AWK, CHRW, CINF, CTSH, DRE, EQIX, ETSY, F, FBHS, FTI, GL, HOLX, LRCX, MAA, META, MOH, NOW, ORLY, PTC, QCOM, RE, RJF, TYL, URI, VICI/ Thu: ALLE, AMT, AOS, BAX, BEN, CARR, CMCSA, CMS, DTE, FTV, HON, HSY, IP, KDP, KIM, LH, LIN, LKQ, LUV, MA, MAS, MLM, MO, MRK, NLSN, NOC, PFE, RCL, SO, SWK, TFX, TMO, TROW, TXT, VLO, WST, WTW, XEL, AAPL, AJG, AMZN, BIO, CE, CPT, DLR, DXCM, EIX, EMN, ES, EW, HIG, INTC, KLAC, LHX, MHK, MTD, VFC, VRSN, WELL/ Fri: ABBV, AON, CBOE, CHD, CHTR, CL, CVX, GWW, LYB, NWL, PG, PSX, WY, XOM

First day reactions this week:

Positive: FTI, ETSY, EQIX, RCL, ALGN, PTC, CHRW, TYL, F, URI, WST AVB, FTV, MAA, BEN, AMT, DRE, KDP, LRCX, HON, MOH, FBHS, SO, AWK, XEL, HSY, CMS, TMO, MA ORLY, MAS LIN, MLM, DTE, NOC, KIM, LH, ENPH, CMG, ROK GOOGL, HLT, ADP, AVY, APH, MSFT, TXN, BSX, AMP, TMUS, OTIS, TEL, SYK, EQR, WM, LW, IEX, GPC, BXP, BMY, ZION, HES, ESS, MDLZ, GD, MMM, GE, ADM, FISV, MCD, FFIV, MCD, PNR WHR, CDNS KO, CNC, GLW, PCAR, MSCI = 70, QTD = 120

Neutral: IP, VICI, LKQ, AOS, WTW, TROW, ALLE, CARR, MO, HOLX, RJF, TXT, NLSN, UDR, FE, ODFL, BA, AEP, TER, NSC, IVZ, CB, V, KMB, NXPI, UHS

Negative: SWK, CINF, BAX, CMCSA, TFX, LUV, META, CTSH, RE, QCOM, NOW, PFE GL, VLO, MRK, SHW, GRMN, TDY, KHC, CME, HUM, ROC, JNPR, PKG, RTX, PHM, GM, UPS, ECL, NVR, MCO, BRO, NEM = 33, QTD = 68

EPS reactions AMC Thursday:

AMZN +16.66, 13.62%, AAPL +4.67, +2.97%, ROKU -22.00, -25.83%, DXCM -16.46, -18.92%, INTC -3.30, -8.31%, 

Retail stocks continued to rally on Thursday. 

SPY up 5.03 at 406.07, on 73.9 million shares, near average volume, up on lower volume.

VIX down .91 at 22.33

QQQ up 3.00 at 309.81

NKE, HON, MSFT, WMT led the DJIA, 25 advancers, +2

FTI, ETSY, AES, ROL led the SPX, 407 advancers

ALGN, ODFL, ADSK, ANSS led the NDX 81 advancers

The two-year trend term is up.  The one-year trend down.

Up:  IWM, SPY, DIA, QQQ,

Down:   

Ten of eleven sectors were higher on Thursday, led by XLRE, XLU and XLI.

Real Estate leaders:  EQIX, DLR, AVB, MAA

Utilities leaders:  AES, PEG, NEE, EXC

Industrials leaders:  ROL, PWR, ODFL, CHRW

Advancers weakened slightly on Thursday as advancers led 2,448 to 778 on the NYSE and led 2,803 to 1,746 on the NASDAQ.

The SPY MFC green line is pointed up at 79.6 and is short-term bullish.  SPY moved higher and closed above short-term resistance.

Uptrend sectors:    

Neutral sectors:   XLE, XLU, XLV, XLP, XLK, XLI, XLRE,

Down trend sectors:  XLC, XLY, XLF, XLB,

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

81 of 100 NDX stocks closed higher on Thursday.

82 NDX stocks are above their 30 DMA:   SGEN, MNST, AZN, COST, DXCM, OKTA, ORLY, KDP, PEP, VRSK, AMGN, SIRI, VRSN, AAPL, CDNS, CPRT, IDXX, CTAS, QCOM, TSLA, ADI, ROST, SWKS, TXN, ALGN, AMZN, ATVI, FISV, ISRG, MCHP, MU, NFLX, NXPI, ODFL, SNPS, INTC, KLAC, SPLK, ABNB, ADBE, ADP, ADSK, AMAT, AMD, ANSS, ASML, AVGO, CSCO, CSX, EBAY, INTU, LRCX, MAR, MDLZ, MELI, MRVL, NVDA, PAYX, PCAR, PYPL, EA, ILMN, NTES, HON, AEP, EXC, XEL, TMUS, BIIB, BKNG, CRWD, DOCU, GOOGL, LULU, MSFT, MTCH, OKTA, TEAM, WBA, WDAY, DLTR, FAST, FTNT,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 3

DLTR, FAST, FTNT,

Moving Below 30 DMA = 6

CHTR, CMCSA, CTSH, JD, META, VRTX,

 

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Broad Rally Sizzles on Fed Rate Hike...ENPH Leads SPX...Technology, Communication, Discretionary Leads Sectors...

© 2022

The SPX +102.56 opened higher and closed higher rising 47 points after the Fed announced their rate hike two hours before the close.  /CL and GLD closed higher, while DXY, TLT and TXN moved lower.

The FOMC meets raised rates 0.75% as expected.

A total of 175 SPX companies will report EPS this week including GOOGL, MSFT on Tuesday, META on Wednesday, AAPL, AMZN on Thursday.

175 SPX companies report EPS this week:  NEM, BRO, CDNS, FFIV, NEM, NXPI, PKG, UHS, WHR/ Tue: ADM, CNC, ECL, FISV, GE, GLW, GM, KMB, KO, MCD, MCO MMM, MSCI, NVR, PCAR, PHM, PNR, RTX, UPS, AMP, BXP, CB, CMG, ENPH, EQR, ESS, FE, GOOG, GOOGL, IEX, JNPR, MDLZ, MSFT, SYK, TER, TXN, UDR, V, ZION/ Wed: ADP, AEP, APH, AVY, BA, BMY, BSX, CME, GD, GPC, GRMN, HES, HLT, HUM, IVZ, KHC, LW, NSC, ODFL, OTIS, ROK, ROL, SHW, TDY, TEL, TMUS, WM, ALGN, AVB, AWK, CHRW, CINF, CTSH, DRE, EQIX, ETSY, F, FBHS, FTI, GL, HOLX, LRCX, MAA, META, MOH, NOW, ORLY, PTC, QCOM, RE, RJF, TYL, URI, VICI/ Thu: ALLE, AMT, AOS, BAX, BEN, CARR, CMCSA, CMS, DTE, FTV, HON, HSY, IP, KDP, KIM, LH, LIN, LKQ, LUV, MA, MAS, MLM, MO, MRK, NLSN, NOC, PFE, RCL, SO, SWK, TFX, TMO, TROW, TXT, VLO, WST, WTW, XEL, AAPL, AJG, AMZN, BIO, CE, CPT, DLR, DXCM, EIX, EMN, ES, EW, HIG, INTC, KLAC, LHX, MHK, MTD, VFC, VRSN, WELL/ Fri: ABBV, AON, CBOE, CHD, CHTR, CL, CVX, GWW, LYB, NWL, PG, PSX, WY, XOM

First day reactions this week:

Positive: ENPH, CMG, ROK GOOGL, HLT, ADP, AVY, APH, MSFT, TXN, BSX, AMP, TMUS, OTIS, TEL, SYK, EQR, WM, LW, IEX, GPC, BXP, BMY, ZION, HES, ESS, MDLZ, GD, MMM, GE, ADM, FISV, MCD, FFIV, MCD, PNR WHR, CDNS KO, CNC, GLW, PCAR, MSCI = 43, QTD = 83

Neutral: UDR, FE, ODFL, BA, AEP, TER, NSC, IVZ, CB, V, KMB, NXPI, UHS

Negative: SHW, GRMN, TDY, KHC, CME, HUM, ROC, JNPR, PKG, RTX, PHM, GM, UPS, ECL, NVR, MCO, BRO, NEM = 18, QTD = 53

EPS reactions AMC Wednesday:

ETSY +8.95, 9.37%, F +0.84, 6.37%, URI +14.77, 5.14%,

Retail stocks rebounded on Wednesday. 

SPY up 10.15 at 401.04, on 82.3 million shares, above average volume, up on higher volume.
VIX down 1.45 at 23.24
QQQ up 12.44 at 306.81

MSFT, DIS, CRM, WMT led the DJIA, 23 advancers, +11

ENPH, CMG, SEDG, F, ETSY led the SPX, 432 advancers

PYPL, MELI, ADP, NVDA led the NDX 91 advancers

The two-year trend term is up.  The one-year trend down.

Up:  QQQ, SPY, IWM, DIA,

Down:   

All eleven sectors were higher on Wednesday, led by XLK, XLC and XLY.

Technology leaders:  ENPH, SEDG, PYPL, ADP

Communication Services leaders:  GOOGL, GCI, NFLX, TMUS

Consumer Discretionary leaders:  CMG, F, ETSY, CZR

Advancers strengthened on Wednesday as advancers led 2,678 to 545 on the NYSE and led 3,500 to 1,043 on the NASDAQ.

The SPY MFC green line is pointed up at 73.5 and is short-term bullish.  SPY bounced and closed above short-term resistance.

Uptrend sectors:    

Neutral sectors:   XLE, XLU, XLV, XLP,

Down trend sectors:  XLK, XLI, XLC, XLY, XLF, XLRE, XLB,

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

91 of 100 NDX stocks closed higher on Wednesday.

85 NDX stocks are above their 30 DMA:   SGEN, MNST, VRTX, AZN, COST, DXCM, OKTA, ORLY, KDP, PEP, VRSK, AMGN, SIRI, VRSN, AAPL, CDNS, CPRT, IDXX, CTAS, QCOM, TSLA, ADI, CHTR, ROST, SWKS, TXN, ALGN, AMZN, ATVI, CMCSA, FISV, ISRG, MCHP, MU, NFLX, NXPI, ODFL, SNPS, INTC, KLAC, SPLK, ABNB, ADBE, ADP, ADSK, AMAT, AMD, ANSS, ASML, AVGO, CSCO, CSX, EBAY, INTU, LRCX, MAR, MDLZ, MELI, MRVL, NVDA, PAYX, PCAR, PYPL, CTSH, EA, ILMN, NTES, HON, AEP, EXC, XEL, JD, TMUS, BIIB, BKNG, CRWD, DOCU, GOOGL, LULU, META, MSFT, MTCH, OKTA, TEAM, WBA, WDAY,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 12

BKNG, CRWD, DOCU, GOOGL, LULU, META, MSFT, MTCH, OKTA, TEAM, WBA, WDAY,

Moving Below 30 DMA = 1

KHC,

 

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SPY Lower Again on Lightest 2022 Trading Volume...Energy, Utilities Lead Sectors...MSFT, GOOGL, CMG Gain in After-hours...

 © 2022

 

The SPX -45.79, opened and closed lower on day one of the FOMC meeting.  DXY and TLT closed higher, while TNX, /CL and GLD moved lower.

The FOMC meets Tuesday and Wednesday with their announcement Wednesday at 2 p.m. and press conference at 2:30 p.m. ET.

A total of 175 SPX companies will report EPS next week including GOOGL, MSFT on Tuesday, META on Wednesday, AAPL, AMZN on Thursday.

175 SPX companies report EPS this week:  NEM, BRO, CDNS, FFIV, NEM, NXPI, PKG, UHS, WHR/ Tue: ADM, CNC, ECL, FISV, GE, GLW, GM, KMB, KO, MCD, MCO MMM, MSCI, NVR, PCAR, PHM, PNR, RTX, UPS, AMP, BXP, CB, CMG, ENPH, EQR, ESS, FE, GOOG, GOOGL, IEX, JNPR, MDLZ, MSFT, SYK, TER, TXN, UDR, V, ZION/ Wed: ADP, AEP, APH, AVY, BA, BMY, BSX, CME, GD, GPC, GRMN, HES, HLT, HUM, IVZ, KHC, LW, NSC, ODFL, OTIS, ROK, ROL, SHW, TDY, TEL, TMUS, WM, ALGN, AVB, AWK, CHRW, CINF, CTSH, DRE, EQIX, ETSY, F, FBHS, FTI, GL, HOLX, LRCX, MAA, META, MOH, NOW, ORLY, PTC, QCOM, RE, RJF, TYL, URI, VICI/ Thu: ALLE, AMT, AOS, BAX, BEN, CARR, CMCSA, CMS, DTE, FTV, HON, HSY, IP, KDP, KIM, LH, LIN, LKQ, LUV, MA, MAS, MLM, MO, MRK, NLSN, NOC, PFE, RCL, SO, SWK, TFX, TMO, TROW, TXT, VLO, WST, WTW, XEL, AAPL, AJG, AMZN, BIO, CE, CPT, DLR, DXCM, EIX, EMN, ES, EW, HIG, INTC, KLAC, LHX, MHK, MTD, VFC, VRSN, WELL/ Fri: ABBV, AON, CBOE, CHD, CHTR, CL, CVX, GWW, LYB, NWL, PG, PSX, WY, XOM

First day reaction this week:

Positive: MMM, GE, ADM, FISV, MCD, FFIV, MCD, PNR WHR, CDNS KO, CNC, GLW, PCAR, MSCI = 15, QTD = 55

Neutral: KMB, NXPI, UHS

Negative: NEM, PKG, RTX, PHM, GM, UPS, ECL, NVR, MCO, BRO= 10, QTD = 45

EPS reactions AMC Tuesday:

CMG +118.57, 9.01%, GOOGL +5.11, 4.87%, MSFT +10.00, 3.98%,

Retail stocks including COST, DLTR, DG, TGT fell in sympathy with WMT after it lowered its 2022 guidance due to food and fuel inflation, markdowns, and a potential $1 billion currency impact.  

 

SPY down 4.68 at 390.89, on 52.9 million shares, lightest daily volume in 2022, below average, down on lower volume.
VIX up 1.33 at 24.69

QQQ down 5.90 at 294.37

MMM, MCD, KO, AMGN led the DJIA, 12 advancers, -6

GE, ADM, ARE, NEM led the SPX, 180 advancers

FISV, SGEN, CDNS, VRTX led the NDX 27 advancers

The two-year trend term is up.  The one-year trend down.

Up:  
Down:  IWM, DIA, SPY, QQQ,

Three of eleven sectors were higher on Tuesday, led by XLU, XLV and XLRE.

Energy leaders:  CTRA, OKE, SWN, DINO

Utilities leaders:  WEC, ED, CNP, LNT

Financial leaders:  MSCI, CINF, SPGI, NDAQ

Advancers weakened on Tuesday as decliners led 1,964 to 1,223 on the NYSE and led 2,865 to 1,662 on the NASDAQ.

The SPY MFC green line is pointed up at 66.3 and is short-term bullish.  SPY pulled back to short-term support on light volume.

Uptrend sectors:    

Neutral sectors:   XLE, XLU, XLV, XLP,

Down trend sectors:  XLK, XLI, XLC, XLY, XLF, XLRE, XLB,

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down

27 of 100 NDX stocks closed higher on Tuesday.

74 NDX stocks are above their 30 DMA:   SGEN, MNST, VRTX, AZN, COST, DXCM, OKTA, ORLY, KDP, KHC, PEP, VRSK, AMGN, SIRI, VRSN, AAPL, CDNS, CPRT, IDXX, CTAS, QCOM, TSLA, ADI, CHTR, ROST, SWKS, TXN, ALGN, AMZN, ATVI, CMCSA, FISV, ISRG, MCHP, MU, NFLX, NXPI, ODFL, SNPS, INTC, KLAC, SPLK, ABNB, ADBE, ADP, ADSK, AMAT, AMD, ANSS, ASML, AVGO, CSCO, CSX, EBAY, INTU, LRCX, MAR, MDLZ, MELI, MRVL, NVDA, PAYX, PCAR, PYPL, CTSH, EA, ILMN, NTES, HON, AEP, EXC, XEL, JD, TMUS, BIIB,

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 1

BIIB,

Moving Below 30 DMA = 14

BKNG, CRWD, DLTR, DOCU, FTNT, LCID, LULU, META, MSFT, OKTA, PANW, TEAM, WDAY, ZS,

 

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SPY Light Volume Doji...Tech Stocks Drag QQQ Lower...Afterhours: WMT Lowers Guidance, Retail Stocks Fall...

© 2022

 

The SPX +5.21, opened flat, traded in a range, closed flat and formed a doji.  /CL and TNX closed higher, while DXY, TLT and GLD moved lower.

The FOMC meets Tuesday and Wednesday with their announcement Wednesday at 2 p.m. and press conference at 2:30 p.m. ET.

A total of 175 SPX companies will report EPS next week including GOOGL, MSFT on Tuesday, META on Wednesday, AAPL, AMZN on Thursday.

175 SPX companies report EPS this week:  NEM, BRO, CDNS, FFIV, NEM, NXPI, PKG, UHS, WHR/ Tue: ADM, CNC, ECL, FISV, GE, GLW, GM, KMB, KO, MCD, MCO MMM, MSCI, NVR, PCAR, PHM, PNR, RTX, UPS, AMP, BXP, CB, CMG, ENPH, EQR, ESS, FE, GOOG, GOOGL, IEX, JNPR, MDLZ, MSFT, SYK, TER, TXN, UDR, V, ZION/ Wed: ADP, AEP, APH, AVY, BA, BMY, BSX, CME, GD, GPC, GRMN, HES, HLT, HUM, IVZ, KHC, LW, NSC, ODFL, OTIS, ROK, ROL, SHW, TDY, TEL, TMUS, WM, ALGN, AVB, AWK, CHRW, CINF, CTSH, DRE, EQIX, ETSY, F, FBHS, FTI, GL, HOLX, LRCX, MAA, META, MOH, NOW, ORLY, PTC, QCOM, RE, RJF, TYL, URI, VICI/ Thu: ALLE, AMT, AOS, BAX, BEN, CARR, CMCSA, CMS, DTE, FTV, HON, HSY, IP, KDP, KIM, LH, LIN, LKQ, LUV, MA, MAS, MLM, MO, MRK, NLSN, NOC, PFE, RCL, SO, SWK, TFX, TMO, TROW, TXT, VLO, WST, WTW, XEL, AAPL, AJG, AMZN, BIO, CE, CPT, DLR, DXCM, EIX, EMN, ES, EW, HIG, INTC, KLAC, LHX, MHK, MTD, VFC, VRSN, WELL/ Fri: ABBV, AON, CBOE, CHD, CHTR, CL, CVX, GWW, LYB, NWL, PG, PSX, WY, XOM

First day reaction this week:

Positive: = 0

Neutral:

Negative: NEM, = 1

EPS reactions AMC Monday:

FFIV +10.59, 6.86%, CDNS +5.74, 3.42%, WHR +3.35, 2.03%, NXPI -4.61, -2.65%.

After the close WMT fell -13.02, -9.86% after it lowered its 2022 guidance due to food and fuel inflation, markdowns, and a potential $1 billion currency impact.  Other retail stocks including COST, TGT, DLTR, DG were down in sympathy.

SPY up .48 at 395.09, on 53.6 million shares, lightest daily volume in 2022, below average, up on lower volume.

VIX up .33 at 23.36

QQQ down 1.72 at 300.27, tech stocks drag QQQ lower.

CVX, TRV, CAT, UNH led the DJIA, 18 advancers, +7

SWN, SIVB, MRO, APA led the SPX, 293 advancers

ISRG, PDD, JD, NTES led the NDX 31 advancers

The two-year trend term is up.  The one-year trend down.

Up:  IWM, DIA, SPY,

Down:  QQQ,

Eight of eleven sectors were higher on Monday, led by XLE, XLU and XLF.

Energy leaders:  SWN, MRO, APA, FANG

Utilities leaders:  SRE, EIX, NI, PPL

Financial leaders:  SIVB, SBNY, RF, ZION

Advancers strengthened on Monday as advancers led 1,956 to 1,282 on the NYSE and decliners led 2,393 to 2,228 on the NASDAQ.

The SPY MFC green line is pointed up at 62.3 and is short-term bullish.  SPY opened flat, closed flat and formed a doji above short-term resistance on July 8.

Uptrend sectors:    

Neutral sectors:   XLE, XLU, XLV, XLP,

Down trend sectors:  XLK, XLI, XLC, XLY, XLF, XLRE, XLB,

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Sideways

31 of 100 NDX stocks closed higher on Monday.

87 NDX stocks are above their 30 DMA:   SGEN, MNST, VRTX, DLTR, AZN, COST, DXCM, OKTA, ORLY, KDP, KHC, PEP, VRSK, AMGN, SIRI, VRSN, AAPL, CDNS, CPRT, IDXX, CTAS, LCID, QCOM, TSLA, ADI, CHTR, ROST, SWKS, TXN, ALGN, AMZN, ATVI, CMCSA, CRWD, FISV, ISRG, MCHP, MU, NFLX, NXPI, ODFL, OKTA, PANW, SNPS, INTC, KLAC, SPLK, ABNB, ADBE, ADP, ADSK, AMAT, AMD, ANSS, ASML, AVGO, CSCO, CSX, EBAY, FTNT, INTU, LRCX, LULU, MAR, MDLZ, MELI, META, MRVL, MSFT, NVDA, PAYX, PCAR, PYPL, ZS, CTSH, DOCU, EA, ILMN, NTES, TEAM, WDAY, HON, AEP, EXC, XEL, BKNG, JD, TMUS,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

BKNG, JD, TMUS,  

Moving Below 30 DMA = 1

MTCH,

 

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