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

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-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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