Monday, October 31, 2022

SPX Opens Lower, Closes Lower in Choppy Trading...Energy Leads Sectors...FOMC Announcement Wednesday...

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The SPX -29.08 opened lower, traded in a choppy range and closed lower.  DIA, SPY and QQQ closed lower, while IWM closed higher.  Just seven negative earnings reactions today.

DXY and TNX closed higher, while GLD, /CL and TLT moved lower.

Tuesday: ISM Manufacturing Index 10 am ET
Wednesday:  FOMC announcement 2 pm ET
Friday:  Jobs Report 8:30 am ET


168 SPX companies report EPS next week:
Monday: GPN, HWM, L, ON PCG, PEG, XRAY, AFL, ANET, AWK, CINF, HOLX, NXPI, SBAC, SYK, VNO, WMB
Tuesday: ABMD, AME, BEN, CNP, CTLT, ECL, ETN, FOXA, HSIC, IDXX, INCY, IT, LDOS, LLY, MPC, NEM, PFE, PSX, SEE, SPG, SYY, TAP, TECH, WAB, WAT, WEC, XYL, ZBRA, AIG, AIZ, AMCR, AMD, CLX, CZR, DVN, EA EIS, EXR, FMC, MCK MDLZ, MTCH, OKE PAYC, PEAK, PRU, PSA, VRSK
Wednesday: BR, CDW, CHRW, CRL, CVS, DISH, EL, ETR, GNRC, HUM, MLM, PARA, ROK, TEL, TRMB, TT, VMC, YUM, ZBH, ALB, ALL, ANSS, APA, BKNG, CDAY, CTSH, EBAY, EQIX, ES, ETSY, FLT, FTNT, HST, IR, LNC, LUMN, MET, MGM, MRO, O, PTC, QCOM, QRVO
Thursday: ABC, APD, APTV, BALL, CI, CMI, COP EPAM, EXC, FIS, GCI, HII, ICE, IRM, JCI, K, MAR, MRNA, PH, PNW, PWR, RCL, REGN, SRE, TRGP, ZTS, AEE, AES, AMGN, AVB, CE, CTRA, CTVA, ED, EOG, EXPE, FRT, ILMN, LYV, MCHP, MNST, MSI, MTC, NWSA, PYPL, REG, SBUX, SWKS, VTR, WBD
Friday: CAH, CBOE, D, DUK, EVRG, HSY, PPL
Saturday: BRK/B

First day reaction: Q3 through Oct 31…
Positive:
DXCM, GILD, INTC, VRSN, VRTX, AAPL, PFG, TMUS, GWW, AJG, COF, NEE, VICI, CHTR, XOM, HIG, AON, CL, CVX,  NOW, CAT, RE, RJF, ALLE, ORLY, MCD, HON, LKQ, LUV, SPGI, TXT, CARR, TFX, MAA, CMCSA, F, MRK, CMS, XEL, FBHS, UHS, ROL, ENPH, CSGP, AMP, HES, V, TDY, IEX, TER, NSC, JNPR, ROP, BMY IQV, CB, BSX, CNC, MSCI, NVR, SYF, ARE, MCO, DFS, PHM, GM, SHW, PNR, ZION, KMB, ITW, KO, ADM, HAL, SLB, HBAN, CSX, LRCX, T, DGX, LVS, IBM, FCX, NUE, NFLX, ISRG, BKR, UAL, TRV, ELV, LMT, SBNY, GS, BAC, BK, USB, WFC, JPM, DAL, DPZ, FAST, PGR, WBA, BLK, PEP = 105 SHOP, PINS, FSLR,
Neutral:
XRAY, EMN, WY, CPRT, SWN, CHD, KIM, BWA, AMT, NOC, WTW, KLAC, URI, TWTR, EQT, DTE, MA, AOS, AEP, DLR, LIN, UDR, IP, SO, APH, ODFL, GRMN, GD, KHC, HLT, OTIS, MMM, IVZ, PKG, PCAR, UPS, BIIB, GE, IPG, WHR, DOW, NVR, GPC, PG, JBHT, CFG, STT, JNJ, C, UNH = 50
Negative:
ON, GPN, PEG, PCG, HWM, L, DVA, EW, BIO, AMZN, RMD, LYB, NWL, ABBV, PXD, LHX, MHK, RSG, META, ALGN, WST, INVH, BAX, LH, MOH, FTI, SWK, CBRE, ESS, FISV, TYL, VFC, WDC, TROW, GL, MO, KDP, BRO, GOOG, GOOGL, BA, STX, AVY, MSFT, FFIV, CMG, MAS, EQR, BXP, FE, WM, TXN, TMO, CME, FTV, ADP, CDNS, WRB, VLO, GLW, RTX, SIVB, RHI, HCA, VZ, AXP RF, UNP, TSLA, FITB, EFX, DHR, PPG, SNA, KMI, POOL, ALK, KEY, AL, TSCO, CCI, DOV, PM, MMC, MTB, NTRS, CMA, ABT, PLD, MTKX, NDAQ, OMC, TFC, HAS, FRC, SCHW, MS, PNC = 97 SNAP, WOLF


SPY down 2.81 at 386.21, on 96.6 million shares, average volume, down on lower volume.
VIX up .13 at 25.88, volatility continues elevated.
QQQ down 3.27 at 277.95

TRV, GS, UNH, DIS led the DJIA, 6 advancers, -23
WYNN, EQT, SWN, FTI led the SPX, 152 advancers
PDD, ALGN, MELI, ODFL led the NDX 23 advancers

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

UpIWM,
DownDIA, SPY, QQQ,

One of eleven sectors was higher on Monday, led by XLE, XLV and XLRE as sector momentum was up strong.

Energy leaders:  EQT, SWN, FTI, CTRA

Advancers weakened on Monday as decliners led 1,707 to 1,499 on the NYSE and led 2,587 to 2,056 on the NASDAQ.

The SPY MFC green line is pointed up at 78.9 and is short-term bullishSPY opened lower and closed lower.

Uptrend sectors:  XLE,
Neutral sectors:  XLF, XLI, XLV,
Down trend sectors:  XLB, XLP, XLY, XLK, XLU, XLRE, XLC,

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 TrendUp a little


23 of 100 NDX stocks closed higher on Monday

70 NDX stock are above their 30 DMA:   BIIB, ORLY, DXCM, GILD, PCAR, AMGN, KHC, PEP, SIRI, ADSK, ILMN, NFLX, VRSN, EA, FTNT, HON, ISRG, WBA, ADBE, BKNG, ZM, ADP, ASML, CTAS, CTSH, CSCO, DLTR, INTU, KDP, MAR, MRNA, AMAT, CHTR, COST, CPRT, CSX, IDXX, LRCX, MDLZ, MNST, NVDA, ODFL, REGN, ROST, TMUS, AZN, CMCSA, EBAY, FISV, LULU, OKTA, PAYX, SPLK, WDAY, KLAC, PANW, FAST, VRSK, AAPL, AVGO, EXC, INTC, LCID, MELI, MU, QCOM, TXN, VRTX, XEL, ANSS,

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


Moving Below 30 DMA = 8
ABNB, ADI, AEP, CRWD, MCHP, NXPI, SWKS, SBUX,




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