SPX Closed higher on Friday as Q4 Earnings Season Starts with Nine SPX Companies Reporting...Consumer Discretionary, Financial, Basic Materials Lead Sectors...Markets Closed Monday for MLK, Jr. Day...Have a Great Holiday Weekend...

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Today was the unofficial start of Q4 Earnings Season with seven SPX companies reporting:

First day reaction: Q4 Jan 13…

Positive:  WFC, JPM, BAC, BK, C, FRC = 6

Neutral: BLK = 1

Negative:  DAL, UNH = 2

26 SPX companies report EPS next week: 

Tuesday:  CFG, GS, MS, SBNY, UAL,

Wednesday:  JBHT, PLD, PNC, SCHW, DFS, KMI,

Thursday:  CMA, FAST, FITB, KEY, MTB, NTRS, PG, TFC, NFLX, PPG, SIVB,

Friday:  HBAN, RF, SLB, STT

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

iBB:  In our model account we maintain a net long position.  We had 5 LCV positions hit their target profit, and we increased our Jan 20 and Feb 3 risk exposure with new positions.

SPY up 1.54 at 398.50, on 63.9 million shares, below average volume, up on lower volume.

VIX down .48 at 18.35

QQQ up 1.92 at 280.97

JPM, CAT, GS, AAPL led the DJIA, 22 advancers, +3

WFC, SWK, TGT, AMZN led the SPX, 308 advancers

OKTA, MELI, ILMN, PDD led the NDX, 69 advancers.

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

Up:  QQQ, IWM, SPY, DIA,

Down:

Eight of eleven sectors were higher on Friday, led by XLY, XLF and XLB.

The SPY MFC green line is pointed up at 53.5 and is short-term bullish.  SPY opened lower and closed 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

69 of 100 NDX stocks closed higher on Friday.

72 NDX stock are above their 30 DMA:   KHC, ROST, AZN, AVGO, ATVI, EXC, ALGN, BKNG, META, SGEN, CMCSA, JD, PDD, PYPL, SBUX, EBAY, IDXX, MU, NFLX, WBD, BKR, CHTR, AMAT, ASML, CSCO, CSX, CTSH, FANG, INTC, KLAC, LRCX, ODFL, TMUS, TXN, VRSK, XEL, ADBE, ADI, ANSS, CDNS, MCHP, MELI, ADSK, AMZN, COST, DLTR, ISRG, NXPI, PCAR, QCOM, ABNB, AMD, BIIB, CSGP, EA, FAST, FISV, LCID, MAR, NVDA, PAYX, TEAM, CPRT, HON, AMGN, GFS, GOOG, GOOGL, MNST, MRVL, OKTA, VRTX,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 8

AMGN, GFS, GOOG, GOOGL, MNST, MRVL, OKTA, VRTX,

Moving Below 30 DMA = 2

AEP, INTU,

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