SPX Closes Higher, Above the High of the Low Day...NFLX Leads NDX, DIS Leads DJI...Communication Services, Technology and Discretionary Lead all Sectors Higher...

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-The SPX +73.76 opened higher and closed higher.

-The SPX regained more than 62% of the Wednesday/Thursday selloff.

- QQQ, SPY, IWM, DIA closed above Thursday’s high, which was the low day.

-VIX closed lower.

 

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

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

iBB:  In our model account we maintain a net long position.  We had two LCV positions hit profit targets, and we increased our Jan 27 risk exposure with new positions.

Day 5 of Q4 Earnings Season today, 35 SPX companies have reported:

First day reaction: Q4 through Jan 20…

Positive:  SIVB, NFLX, PPF, STT, RF, CMA, MTB, TFC, FITB, KMI, JBHT, PLD, MS, SBNY, WFC, JPM, BAC, BK, C, FRC = 20

Neutral: HBAN, SLB, DFS, BLK = 4

Negative:  NTRS, KEY, PG, FAST, PNC, UAL, SCHW, GS, CFG, DAL, UNH = 11

88 SPX companies report EPS next 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 7.24 at 395.88, on 91.8 million shares, above average volume, up on higher volume.

VIX down .67 at 19.85

QQQ up 7.53 at 282.68

DIS, MSFT, CRM, AXP led the DJIA, 26 advancers, +15

SIVB, SYF, SBNY, COF led the SPX, 460 advancers

NFLX, NVDA, ZS, TEAM led the NDX, 93 advancers.

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

Up:  QQQ, SPY, IWM, DIA

Down:

All eleven sectors were higher on Friday, led by XLC, XLK and XLY.

The SPY MFC green line is pointed down at 55.1 and is defensive.  SPY opened higher 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: Down a little

93 of 100 NDX stocks closed higher on Friday.

67 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, OKTA, VRTX, AAPL, EA, BIIB, COST, CPRT, CSGP, CSX, DLTR, FAST, ILMN, INTU, JD, MCHP, MRVL, MSFT, PANW, PAYX, TXN, WDAY, VRSK, ZM, ZS,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 20

BIIB, COST, CPRT, CSGP, CSX, DLTR, FAST, ILMN, INTU, JD, MCHP, MRVL, MSFT, PANW, PAYX, TXN, WDAY, VRSK, ZM, ZS,

Moving Below 30 DMA = 1

AZN,

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