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...

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-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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