SPX Closes Higher, Recovers Monday's Selloff...Discretionary, Materials, Real Estate Lead all Sectors Higher...FOMC Wed. 2 pm ET...

© 2023

 

-The SPX +58.83 opened slightly higher and reversed Monday’s selloff.

-AOS, IP, PHM, PNR, GM gained 8%+ after positive EPS reactions.

-VIX closed higher.

-After-hours: EA -13.58, -10.55 %, negative EPS reaction AMD +1.96, +1.41 %, positive EPS reaction.

-FOMC announcement at 2 pm ET, expected to raise 25 bps.

 

 

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

Mega caps TSLA, AMZN, MSFT GOOGL, NVDA, META, AAPL, reversed Monday’s pullback.

iBB:  In our model account we maintain a net long position.  We increased our 10 February exposure.

Day 12 of Q4 Earnings Season today, 146 SPX companies have reported as of the close:

First day reaction: Q4 through Jan 31…

Positive: AOS, IP, PHM, PNR, GM, DOV, NVR, MSCI, UPS, MCO, NXPI, XOM, ARE, PFE, WHR, BEN, AXP, LHX, RHI, V, WY, TSLA, STX, STLD, URI, NUE, PKG, LVS, TSCO, VLO, NOW, AAL, LRCX, CCI, MMC, ROK, AMP, MKTX, COF, T, USB, PGR, TDY, FCX, ELV, HES, PCAR, TRV, RTX, VZ, LMT, DHI, GE, SIVB, NFLX, PPG, STT, RF, CMA, MTB, TFC, FITB, KMI, JBHT, PLD, MS, SBNY, WFC, JPM, BAC, BK, C, FRC = 73

Neutral: MPC, SYY, PFG, HCA, CMCSA, ALK, DOW, XEL, TER, ADM, TXT, BA, APH, MSFT, FFIV, TEL, JNJ, HBAN, SLB, DFS, BLK = 21

Negative: PSX, GLW, CAT, MCD, KLAC, INTC, EMN, CL, CVX, CHTR, RMD, WRB, ROP, AJG, SHW, MKC, IBM, NOC, RJF, LUV, CSX, TROW, MA, NEE, NDAQ, ISRG, NSC, ADP, GD, KMB, ABT, TXN, MMM, UNP, IVZ, DHR, HAL, BRO, ZION, BKR, SYF, NTRS, KEY, PG, FAST, PNC, UAL, SCHW, GS, CFG, DAL, UNH = 52

109 SPX companies report EPS this week: 

Monday:  BEN, ARE NXPI, PFG, WHR

Tuesday:  AOS, CAT, DOV, GLW, GM, IP, MCD, MCO, MPC, MSCI, NVR, PFE, PHM, PNR, PSX, SYY, UPS, XOM, AMD, AMGN, BXP, CB, EA, EW, IEX, JNPR, MDLZ, MTCH, SYK, WDC

Wednesday:  ABC, BSX, FTV, HUM, JCI, MO, ODFL, OTIS, TMO, TMUS WM, WRK, AFL, ALGN, ALL, CHRW, DTVA, EBAY, GL, HOLX, MAA, MCK, MET, META, PTC, QRVO

Thursday:  AME, APD, APTV, AVY, BALL, BDX, BMY, CR, CAH, CMS, COP, DGX, EL, GWW, HON, HSY, ICE, ITW, LLY, MRK, PH, SNA, SWK, TECH, TT WEC, AAPL, AMZN, CLX, CPT, CTSH, F, GEN, GILD, GOOG, GOOGL, HIG, MCHP, NWSA, QCOM, SBUX

Friday:  AON, CBOE, CHD, CI, LYB, REGN, ZBH

SPY up 5.89 at 406.48, on 86.8 million shares, above average volume, up on higher volume.

VIX down .54 at 19.40QQQ up 4.35 at 294.62

HD, UNH, DOW, GS led the DJIA, 26 advancers, +16

AOS, IP, PHM, PNR, GM led the SPX, 468 advancers

RIVN, OKTA, LRCX, CRWD led the NDX, 87 advancers.

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

Up:  IWM, QQQ, SPY, DIA,

Down:

All eleven sectors were higher on Tuesday, led by XLY, XLB and XLRE.

The SPY MFC green line is pointed up at 82.8 and is short-term bullish.  SPY opened higher and closed higher.

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

Neutral sectors:

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

87 of 100 NDX stocks closed higher on Tuesday.

75 NDX stock are above their 30 DMA:   AVGO, ALGN, BKNG, META, SGEN, CMCSA, PDD, PYPL, SBUX, EBAY, IDXX, MU, NFLX, WBD, BKR, CHTR, AMAT, ASML, CTSH, FANG, LRCX, ODFL, TMUS, ADBE, ANSS, CDNS, MELI, ADSK, AMZN, ISRG, NXPI, QCOM, ABNB, AMD, FISV, LCID, MAR, NVDA, TEAM, CPRT, GOOG, GOOGL, VRTX, AAPL, EA, BIIB, COST, CPRT, DLTR, FAST, ILMN, INTU, MCHP, MRVL, MSFT, PANW, TXN, WDAY, VRSK, ZS, ADI, FTNT, GFS, PCAR, REGN, TSLA, MNST, ROST, CSCO, DDOG, OKTA, ZM, CSGP, ATVI, CRWD, INTC, RIVN,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 4

ATVI, CRWD, INTC, RIVN,

Moving Below 30 DMA = 0

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AAPL, AMZN, GOOGL META Earnings Week...SPX Opens, Closes Lower Before FOMC Meets...Ten Sectors Close Lower...After hours: NXPI Lower, WHR Higher...

© 2023

 

-SPX -52.79 gapped down, rallied, filled most of the gap and closed lower.

-VIX closed higher.

-After-hours: NXPI -5.68, -3.16 %, on negative EPS reaction, 

-WHR +3.71, +2.42 %, on positive EPS reaction.

 

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

Mega caps TSLA, NVDA, META, GOOGL, MSFT, AAPL, pulled back on Monday.

iBB:  In our model account we maintain a net long position.  We adjusted a LCV to a short call and increased slightly our 10 February exposure.

Day 11 of Q4 Earnings Season today, 124 SPX companies have reported as of the close:

First day reaction: Q4 through Jan 30…

Positive: BEN, AXP, LHX, RHI, V, WY, TSLA, STX, STLD, URI, NUE, PKG, LVS, TSCO, VLO, NOW, AAL, LRCX, CCI, MMC, ROK, AMP, MKTX, COF, T, USB, PGR, TDY, FCX, ELV, HES, PCAR, TRV, RTX, VZ, LMT, DHI, GE, SIVB, NFLX, PPG, STT, RF, CMA, MTB, TFC, FITB, KMI, JBHT, PLD, MS, SBNY, WFC, JPM, BAC, BK, C, FRC = 58

Neutral: HCA, CMCSA, ALK, DOW, XEL, TER, ADM, TXT, BA, APH, MSFT, FFIV, TEL, JNJ, HBAN, SLB, DFS, BLK = 18

Negative: KLAC, INTC, EMN, CL, CVX, CHTR, RMD, WRB, ROP, AJG, SHW, MKC, IBM, NOC, RJF, LUV, CSX, TROW, MA, NEE, NDAQ, ISRG, NSC, ADP, GD, KMB, ABT, TXN, MMM, UNP, IVZ, DHR, HAL, BRO, ZION, BKR, SYF, NTRS, KEY, PG, FAST, PNC, UAL, SCHW, GS, CFG, DAL, UNH = 48

109 SPX companies report EPS this week:

Monday:  BEN, ARE NXPI, PFG, WHR

Tuesday:  AOS, CAT, DOV, GLW, GM, IP, MCD, MCO, MPC, MSCI, NVR, PFE, PHM, PNR, PSX, SYY, UPS, XOM, AMD, AMGN, BXP, CB, EA, EW, IEX, JNPR, MDLZ, MTCH, SYK, WDC

Wednesday:  ABC, BSX, FTV, HUM, JCI, MO, ODFL, OTIS, TMO, TMUS WM, WRK, AFL, ALGN, ALL, CHRW, DTVA, EBAY, GL, HOLX, MAA, MCK, MET, META, PTC, QRVO

Thursday:  AME, APD, APTV, AVY, BALL, BDX, BMY, CR, CAH, CMS, COP, DGX, EL, GWW, HON, HSY, ICE, ITW, LLY, MRK, PH, SNA, SWK, TECH, TT WEC, AAPL, AMZN, CLX, CPT, CTSH, F, GEN, GILD, GOOG, GOOGL, HIG, MCHP, NWSA, QCOM, SBUX

Friday:  AON, CBOE, CHD, CI, LYB, REGN, ZBH

SPY down 5.09 at 400.59, on 74.2 million shares, average volume, down on higher volume.

VIX up 1.43 at 19.94

QQQ down 5.99 at 290.27

GS, VZ, IBM, MRK led the DJIA, 8 advancers, -5

CINF, AZO, HSY, CL led the SPX, 102 advancers

ORLY, KHC, PAYX, ADP led the NDX, 11 advancers.

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

Up:

Down:  DIA, SPY, IWM, QQQ,

One of eleven sectors was higher on Monday, led by XLP, XLU and XLF.

The SPY MFC green line is pointed up at 78.1 and is short-term bullish.  Be prepared to become defensive if the green line turns down on Tuesday.  SPY opened lower and closed higher.

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

Neutral sectors:

Down trend sectors:

The 6-month intermediate trend is sideways.  The ten-day trend is up a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

11 of 100 NDX stocks closed higher on Monday.

71 NDX stock are above their 30 DMA:   AVGO, ALGN, BKNG, META, SGEN, CMCSA, PDD, PYPL, SBUX, EBAY, IDXX, MU, NFLX, WBD, BKR, CHTR, AMAT, ASML, CTSH, FANG, LRCX, ODFL, TMUS, ADBE, ANSS, CDNS, MELI, ADSK, AMZN, ISRG, NXPI, QCOM, ABNB, AMD, FISV, LCID, MAR, NVDA, TEAM, CPRT, GOOG, GOOGL, VRTX, AAPL, EA, BIIB, COST, CPRT, DLTR, FAST, ILMN, INTU, MCHP, MRVL, MSFT, PANW, TXN, WDAY, VRSK, ZS, ADI, FTNT, GFS, PCAR, REGN, TSLA, MNST, ROST, CSCO, DDOG, OKTA, ZM, CSGP,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 1

CSGP,

Moving Below 30 DMA = 7

ATVI, CRWD, INTC, JD, KLAC, RIVN, SIRI,

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SPX Opens Lower, Closes Higher...Discretionary, Real Estate, Communication Services Lead Sectors...

 

© 2023

iBB:  In our model account we maintain a net long position.  We had 4 LCVs hit target, and we increased our 3 February exposure.

Day 10 of Q4 Earnings Season today, 123 SPX companies have reported as of the close:

First day reaction: Q4 through Jan 27…

Positive:  AXP, LHX, RHI, V, WY, TSLA, STX, STLD, URI, NUE, PKG, LVS, TSCO, VLO, NOW, AAL, LRCX, CCI, MMC, ROK, AMP, MKTX, COF, T, USB, PGR, TDY, FCX, ELV, HES, PCAR, TRV, RTX, VZ, LMT, DHI, GE, SIVB, NFLX, PPG, STT, RF, CMA, MTB, TFC, FITB, KMI, JBHT, PLD, MS, SBNY, WFC, JPM, BAC, BK, C, FRC = 57

Neutral: HCA, CMCSA, ALK, DOW, XEL, TER, ADM, TXT, BA, APH, MSFT, FFIV, TEL, JNJ, HBAN, SLB, DFS, BLK = 18

Negative: KLAC, INTC, EMN, CL, CVX, CHTR, RMD, WRB, ROP, AJG, SHW, MKC, IBM, NOC, RJF, LUV, CSX, TROW, MA, NEE, NDAQ, ISRG, NSC, ADP, GD, KMB, ABT, TXN, MMM, UNP, IVZ, DHR, HAL, BRO, ZION, BKR, SYF, NTRS, KEY, PG, FAST, PNC, UAL, SCHW, GS, CFG, DAL, UNH = 48

109 SPX companies report EPS next week: 

Monday:  BEN, ARE NXPI, PFG, WHR

Tuesday:  AOS, CAT, DOV, GLW, GM, IP, MCD, MCO, MPC, MSCI, NVR, PFE, PHM, PNR, PSX, SYY, UPS, XOM, AMD, AMGN, BXP, CB, EA, EW, IEX, JNPR, MDLZ, MTCH, SYK, WDC

Wednesday:  ABC, BSX, FTV, HUM, JCI, MO, ODFL, OTIS, TMO, TMUS WM, WRK, AFL, ALGN, ALL, CHRW, DTVA, EBAY, GL, HOLX, MAA, MCK, MET, META, PTC, QRVO

Thursday:  AME, APD, APTV, AVY, BALL, BDX, BMY, CR, CAH, CMS, COP, DGX, EL, GWW, HON, HSY, ICE, ITW, LLY, MRK, PH, SNA, SWK, TECH, TT WEC, AAPL, AMZN, CLX, CPT, CTSH, F, GEN, GILD, GOOG, GOOGL, HIG, MCHP, NWSA, QCOM, SBUX

Friday:  AON, CBOE, CHD, CI, LYB, REGN, ZBH

SPY up .93 at 405.68, on 68.3 million shares, below average volume, up on lower volume.

VIX down .22 at 18.51

QQQ up 2.92 at 296.26

AXP, V, WBA, MMM led the DJIA, 13 advancers, -5

LHX, VNO, RHI, BXP led the SPX, 263 advancers

LCID, TSLA, RIVN, ABNB led the NDX, 56 advancers.

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

Up:  QQQ, IWM, SPY, DIA,

Down:

Five of eleven sectors were higher and two were unchanged on Friday, led by XLY, XLRE and XLC.

The SPY MFC green line turned up at 77.1 and is short-term bullish.  SPY opened lower and closed higher.

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

Neutral sectors:

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

56 of 100 NDX stocks closed higher on Friday.

77 NDX stock are above their 30 DMA:   AVGO, ALGN, BKNG, META, SGEN, CMCSA, PDD, PYPL, SBUX, EBAY, IDXX, MU, NFLX, WBD, BKR, CHTR, AMAT, ASML, CTSH, FANG, INTC, KLAC, LRCX, ODFL, TMUS, ADBE, ANSS, CDNS, MELI, ADSK, AMZN, ISRG, NXPI, QCOM, ABNB, AMD, FISV, LCID, MAR, NVDA, TEAM, CPRT, GOOG, GOOGL, VRTX, AAPL, EA, BIIB, COST, CPRT, DLTR, FAST, ILMN, INTU, JD, MCHP, MRVL, MSFT, PANW, TXN, WDAY, VRSK, ZS, ADI, FTNT, GFS, PCAR, REGN, TSLA, MNST, ROST, CSCO, SIRI, CRWD, DDOG, OKTA, ZM, ATVI, RIVN,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

ATVI, RIVN,

Moving Below 30 DMA = 2

CSGP, MRNA,

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SPX Closes Higher after Strong GDP and TSLA, STX, STLD, URI Earnings Reactions...Energy, Discretionary, Technology Lead Sectors...

© 2023

-The SPX +44.21 gapped up, filled the gap and closed higher.

-GDP Q4 +2.9% vs. +2.7% estimate.

-TSLA, STX, STLD, URI gained 9%+ after positive EPS reactions.

-VIX closed lower.

-Today, we managed strangle trades on TSLA, IBM, WOLF & MSFT.

 

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

Mega caps TSLA, META, MSFT, NVDA, GOOGL, AMZN, AAPL rose on Thursday.

iBB:  In our model account we maintain a net long position.  We had 3 LCVs hit target, managed 4 earnings strangles, and we increased our 3 February exposure.

Day 9 of Q4 Earnings Season today, 107 SPX companies have reported as of the close:

First day reaction: Q4 through Jan 26…

Positive:  TSLA, STX, STLD, URI, NUE, PKG, LVS, TSCO, VLO, NOW, AAL, LRCX, CCI, MMC, ROK, AMP, MKTX, COF, T, USB, PGR, TDY, FCX, ELV, HES, PCAR, TRV, RTX, VZ, LMT, DHI, GE, SIVB, NFLX, PPG, STT, RF, CMA, MTB, TFC, FITB, KMI, JBHT, PLD, MS, SBNY, WFC, JPM, BAC, BK, C, FRC = 52

Neutral: CMCSA, ALK, DOW, XEL, TER, ADM, TXT, BA, APH, MSFT, FFIV, TEL, JNJ, HBAN, SLB, DFS, BLK = 17

Negative: SHW, MKC, IBM, NOC, RJF, LUV, CSX, TROW, MA, NEE, NDAQ, ISRG, NSC, ADP, GD, KMB, ABT, TXN, MMM, UNP, IVZ, DHR, HAL, BRO, ZION, BKR, SYF, NTRS, KEY, PG, FAST, PNC, UAL, SCHW, GS, CFG, DAL, UNH = 38

88 SPX companies report EPS this week:

Monday:  BKR, SYF, BRO, ZION

Tuesday:  DHI, DHR, GE, HAL, IVZ JNJ, LMT, MMM, PCAR, RTX, TRV, UNP, VZ, COF, FFIV, ISRG, MSFT, TXN

Wednesday:  ABT, ADP, APH, BA, ELV, FCX, GD, HES, KMB, MKTX, NDAQ, NEE NSC, PGR, T TDY, TEL, TXT, USB, AMP, CCI, CSX, IBM, LRCX, LVS, NOW, PKG, RJF, STLD, STX, TER, TSLA, URI,

Thursday:  AAL, ADM, ALK, CMCSA, DOW, LUV, MA, MKC, MMC, NOC, NUE, ROK, SHW, TROW, TSCO, VLO, XEL, AJG, EMN, INTC, KLAC, LHX, RHI, RMD, V, WRB, WY

Friday:  AXP, CHTR, CL, CVX, HCA, ROP

SPY up 4.40 at 404.75, on 72.2 million shares, below average volume, up on lower volume.

VIX down .35 at 18.73

QQQ up 5.61 at 293.34

CRM, CVX, MSFT, GS led the DJIA, 18 advancers, +3

STX, STLD, URI, NUE led the SPX, 361 advancers

TSLA, PDD, DDOG, MELI led the NDX, 84 advancers.

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

Up:  QQQ, SPY, DIA, IWM,

Down:

Ten of eleven sectors were higher on Wednesday, led by XLE, XLY and XLK.

The SPY MFC green line turned up at 71.6 and is short-term bullish.  SPY opened higher and closed higher.

Uptrend sectors:   XLC, XLRE, XLB, XLI, XLF, XLE, XLK, XLU, XLV, XLP,

Neutral sectors:  XLY,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

84 of 100 NDX stocks closed higher on Thursday.

77 NDX stock are above their 30 DMA:   AVGO, ALGN, BKNG, META, SGEN, CMCSA, PDD, PYPL, SBUX, EBAY, IDXX, MU, NFLX, WBD, BKR, CHTR, AMAT, ASML, CTSH, FANG, INTC, KLAC, LRCX, ODFL, TMUS, ADBE, ANSS, CDNS, MELI, ADSK, AMZN, ISRG, NXPI, QCOM, ABNB, AMD, FISV, LCID, MAR, NVDA, TEAM, CPRT, GOOG, GOOGL, VRTX, AAPL, EA, BIIB, COST, CPRT, DLTR, FAST, ILMN, INTU, JD, MCHP, MRVL, MSFT, PANW, TXN, WDAY, VRSK, ZS, ADI, FTNT, GFS, PCAR, REGN, TSLA, MNST, ROST, CSCO, SIRI, CRWD, CSGP, DDOG, OKTA, ZM,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

CRWD, CSGP, DDOG, OKTA, ZM,

Moving Below 30 DMA = 0

Add Comments here:

SPX Closes Flat after Lower Open...MSFT Important Insights in P.M. Trader Talk Session...Financial, Discretionary, Communications Services Lead Sectors...After-hours: TSLA Up, IBM, WOLF Down...

© 2023

-The SPX -.73 rallied from a lower open after MSFT negative EPS reaction.

-The MSFT -1.43, -0.59% rallied from -4.6% after negative EPS reaction.

- IWM, DIA, IWM rallied from a lower open to close slightly higher.

-VIX closed lower.

-After-hours: TSLA +7.92, +5.48 %, on positive EPS reaction.

-IBM -2.78, -1.97% WOLF -4.96, -6.05% on negative EPS reactions.

-Today, we covered important insights from MSFT negative EPS reaction and

 rally.

 

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

Mega caps AMZN, TSLA, NVDA, rose and GOOGL, META, MSFT, AAPL, closed lower on Wednesday.

iBB:  In our model account we maintain a net long position.  We entered 3 earnings strangles, and we increased our 3 February exposure.

Day 8 of Q4 Earnings Season today, 76 SPX companies have reported as of the close:

First day reaction: Q4 through Jan 23…

Positive:  MKTX, COF, T, USB, PGR, TDY, FCX, ELV, HES, PCAR, TRV, RTX, VZ, LMT, DHI, GE, SIVB, NFLX, PPG, STT, RF, CMA, MTB, TFC, FITB, KMI, JBHT, PLD, MS, SBNY, WFC, JPM, BAC, BK, C, FRC = 36

Neutral: TXT, BA, APH, MSFT, FFIV, TEL, JNJ, HBAN, SLB, DFS, BLK = 11

Negative: NEE, NDAQ, ISRG, NSC, ADP, GD, KMB, ABT, TXN, MMM, UNP, IVZ, DHR, HAL, BRO, ZION, BKR, SYF, NTRS, KEY, PG, FAST, PNC, UAL, SCHW, GS, CFG, DAL, UNH = 29

88 SPX companies report EPS this week:

Monday:  BKR, SYF, BRO, ZION

Tuesday:  DHI, DHR, GE, HAL, IVZ JNJ, LMT, MMM, PCAR, RTX, TRV, UNP, VZ, COF, FFIV, ISRG, MSFT, TXN

Wednesday:  ABT, ADP, APH, BA, ELV, FCX, GD, HES, KMB, MKTX, NDAQ, NEE NSC, PGR, T TDY, TEL, TXT, USB, AMP, CCI, CSX, IBM, LRCX, LVS, NOW, PKG, RJF, STLD, STX, TER, TSLA, URI,

Thursday:  AAL, ADM, ALK, CMCSA, DOW, LUV, MA, MKC, MMC, NOC, NUE, ROK, SHW, TROW, TSCO, VLO, XEL, AJG, EMN, INTC, KLAC, LHX, RHI, RMD, V, WRB, WY

Friday:  AXP, CHTR, CL, CVX, HCA, ROP

SPY up .15 at 400.63, on 84.8 million shares, average volume, up on higher volume.

VIX down .12 at 19.08

QQQ down .64 at 287.73

TRV, VZ, CAT, HON led the DJIA, 15 advancers, -3

RTX, TAP, CPT, LUMN led the SPX, 287 advancers

PCAR, MNST, SGEN, NFLX led the NDX, 55 advancers.

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

Up:  IWM, DIA, SPY,

Down:  QQQ,

Eight of eleven sectors were higher on Wednesday, led by XLF, XLY and XLC.

The SPY MFC green line turned up at 62.6 and is short-term bullish.  SPY opened lower after MSFT EPS reaction and closed slightly higher.

Uptrend sectors:   XLB, XLI, XLF, XLC, XLRE, XLE, XLK, XLU, XLV, XLP,

Neutral sectors:  XLY,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

55 of 100 NDX stocks closed higher on Tuesday.

72 NDX stock are above their 30 DMA:   AVGO, ALGN, BKNG, META, SGEN, CMCSA, PDD, PYPL, SBUX, EBAY, IDXX, MU, NFLX, WBD, BKR, CHTR, AMAT, ASML, CTSH, FANG, INTC, KLAC, LRCX, ODFL, TMUS, ADBE, ANSS, CDNS, MELI, ADSK, AMZN, ISRG, NXPI, QCOM, ABNB, AMD, FISV, LCID, MAR, NVDA, TEAM, CPRT, GOOG, GOOGL, VRTX, AAPL, EA, BIIB, COST, CPRT, DLTR, FAST, ILMN, INTU, JD, MCHP, MRVL, MSFT, PANW, TXN, WDAY, VRSK, ZS, ADI, FTNT, GFS, PCAR, REGN, TSLA, MNST, ROST, CSCO, SIRI,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 2

CSCO, SIRI,

Moving Below 30 DMA = 6

CSGP, CSX, DDOG, OKTA, PAYX, ZM,

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