SPX: Pause Day or Start of Pullback?... GS Positive EPS Reaction Leads DJIA...Energy, Discretionary, Materials Lead Sectors...

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The SPX -32.31, gapped up on the open, reversed, filled the gap and closed lower.  /CL, GLD and TNX closed higher, while DXY and TLT moved lower.

Earnings season continued this morning with positive reactions from GS, neutral reaction from SYF, BAC and negative reactions from PLD, SCHW.  Ten SPX companies report Tuesday.

SPX EPS reports Monday & Tuesday this week:  BAC, GS, PLD, SCHW, SYF, IBM, CFG, HAL, HAS, JNJ, LMT, SBNY, TFC, JBHT, NFLX, OMC,

First day reaction:

Positive: GS, C, STT, BK, WFC, UNH, USB, PGR, BLK, PNC, CTAS, FRC,

Neutral: SYF, BAC, MS, PEP,

Negative:  PLD, SCHW, CAG, JPM, FAST, DAL,

GOOGL -2.46%, split 20:1 and closed slightly lower

SPY down 3.18 at 381.95, on 63.2 million shares, below average volume, down on lower volume.

VIX up 1.07 at 25.30

QQQ down 2.47 at 289.40

GS, DOW, CVX, WBA led the DJIA, 2 advancers, -20

GPS, FCX, ENPH, SEDG led the SPX, 172 advancers

ABNB, JD, ODFL, BKNG, NVDA led the NDX, 32 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 Monday, led by XLE, XLY and XLB.

Energy leaders:  HES, DVN, HAL, MRO

Consumer Discretionary leaders:  GPS, CCL, NCLH, RCL

Basic Materials leaders:  FCX, NUE,

Advancers weakened on Monday as advancers led 1,707 to 1,525 on the NYSE and decliners led 2,414 to 2,209 on the NASDAQ.

The SPY MFC green line is pointed down at 33.9 and is short-term bearish.  SPY opened higher, closed lower and remained above the HOLD (Thursday).

Uptrend sectors:    

Neutral sectors:  XLE, XLU, XLV,

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

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up a little

32 of 100 NDX stocks closed higher on Monday.

48 NDX stocks are above their 30 DMA:   SGEN, MNST, BIIB, VRTX, DLTR, TMUS, 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,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

INTC, KLAC, SPLK,

Moving Below 30 DMA = 7

ADP, AEP, FTNT, GILD, LULU, REGN, XEL,

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