SPX: Pause Day or Start of Pullback?...Staples, Discretionary, Utilities Lead Sectors...EPS Continue...

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The SPX -11.66 opened lower, traded in a range and closed near Friday’s S1 level.  TLT and GLD closed higher, while DXY, /CL and TNX moved lower.

ISM Manufacturing report was 52.8 vs. 52.2 consensus.

153 SPX companies report EPS this week:  Mon: GPN, J, L, ON, PKI / AFL, ANET, ATVI, DVA, DVN, FANG, MOS, 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 week:

Positive: PKI, GPN, = 2, QTD = 136

Neutral:

Negative: J, ON, L, = 3, QTD = 84 

Retail stocks continued to rally on Monday. 

SPY down 1.22 at 410.77, on 69.9 million shares, below average volume, down on lower volume.
VIX up 1.51 at 22.84
QQQ down .19 at 315.27

BA, PG, INTC, HD led the DJIA, 12 advancers, -12

PKI, BBWI, EPBAM, GPN led the SPX, 218 advancers

DOCU, PYPL, DXCM, VRSN led the NDX 60 advancers

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

Up: 

Down:  IWM, QQQ, DIA, SPY,

Four of eleven sectors were higher on Monday, led by XLP, XLY and XLU.

Consumer Staples leaders:  FTI, CVX, OXY, XOM

Consumer Discretionary leaders:  AMZN, TSLA, F, TGT

Utilities leaders:  GWW, URI, CAT, NOC

Advancers weakened slightly on Monday as advancers led 1,767 to 1,512 on the NYSE and decliners led 2,461 to 2,238 on the NASDAQ.

The SPY MFC green line is pointed up at 92.4 and is short-term bullish.  SPY paused on Monday and held near Friday’s S1 level.

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

60 of 100 NDX stocks closed higher on Monday.

79 NDX stocks are above their 30 DMA:   MNST, COST, DXCM, OKTA, ORLY, KDP, PEP, VRSK, 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, HON, AEP, EXC, XEL, TMUS, BKNG, CRWD, DOCU, GOOGL, LULU, MSFT, MTCH, OKTA, TEAM, WBA, WDAY, DLTR, FAST, FTNT, CTSH, DDOG, PANW,   

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

PANW,   

Moving Below 30 DMA = 5

AMGN, AZN, BIIB, NTES, SGEN,

 

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