Strong Jobs Report Leads to Lower Open and Rally...Energy, Financials, Materials Lead Sectors...

 

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The SPX -6.75 opened lower, after a better-than-expected Jobs Report, and traded higher from the open.  DXY, TNX and /CL closed higher, while, GLD and TLT moved lower.

The Employment Situation reported 528K new jobs vs. 250K estimate.

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: NET, LYFT, TEAM, CHGG, EOG, CTVA VRTX, MSI, WAB, MELI, EPAM, CDAY, APD, NRG, HII, ICE, ANSS, MGM, MCK BDX, CI, VMC, HST, BABA, QRVO, IRM, PM, PARA, MRNA, PYPL, DISH, CVS, REGN, MCHP, GILD, VRSK, PAYC, SBUX, TT, EXR, EA, UA, BWA, PNW, ETR, FMC, UAA, UBER, PINS, IT, XYL, ZBH, MPC, AFL, AME, DVA, MOS, SBAC, FANG, CMI, PKI, GPN, = 59, QTD = 193

Neutral: EXPE, RSG, LNT, PSA, REG, ED, AMGN, AEE, SWKS LYV, FRT, O, JCI, CEG, MET, XRAY, K, EVRG, IR, TECH, HWM, OGN, PKI, BKNG, DUK, ALL, CDW, NI, CZR, PPL, CMI, CNP, IDXX WEC, ANET, ETN, PEG, MAR, ATVI

Negative: WBD, NLOK, WDC, MNST, VTR, TRMB, SQ, DASH, BALL, DXC, FTNT, APA, APTV, LNC, FIS, MRO, EBAY, CLX, PENN, WRK, ZTS, ABMD, ATO LUMN, PWR, LLY, ALB, SRE, COP, CBRE, FLT, SEDG, MTCH, AIZ, STE, CRL, GNRC OXY EXC, PXD, ABC, CTRA, YUM, PEAK, AMD, PRU, TAP, ZBRA, SEE, WAT, INCY, CAT, IPGP, LDOS, EXPD, HSIC, WMB, SPG, DD, VNO, SPGI, DVN, ITW, J, ON, L, = 66, QTD = 147

SPY down .70 at 413.47, on 56.8 million shares, below average volume, down on higher volume.

VIX down .29 at 21.15

QQQ down 2.65 at 321.75

JPM, CVX, VZ, V led the DJIA, 16 advancers, +7

EOG, IRM, AES, FCX led the SPX, 284 advancers

TEAM, VRTX, DDOG, MTCH led the NDX 35 advancers

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

Up:  IWM, DIA,

Down:  SPY, QQQ,

Five of eleven sectors were higher on Friday, led by XLE, XLF and XLB.

Energy leaders:  EOG, SWN, FTI, FANG

Financials leaders:  JPM, ALL, FITB, WFC

Materials leaders:  FCX, CTVA, APD, NUE

Advancers weakened on Friday as decliners led 1,680 to 1,526 on the NYSE and advancers led 2,497 to 2,064 on the NASDAQ.

The SPY MFC green line is pointed down slightly in the upper zone at 94.6 and is short-term bullish.  SPY opened lower, after a better-than-expected Jobs Report, and traded higher from the open.

Uptrend sectors:  XLU, XLK, XLY,

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

Down trend sectors:  XLC, XLF, XLB,

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

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up a little

35 of 100 NDX stocks closed higher on Friday.

81 NDX stocks are above their 30 DMA:   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, OKTA, TEAM, WBA, WDAY, FAST, CTSH, DDOG, ZS, BIIB, META, REGN, ZM, DLTR, VRTX,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

DLTR, VRTX,

Moving Below 30 DMA = 5

AMGN, AZN, GILD, JD, MNST,

 

 

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