SPX Closes Higher Recovers Last Week's Selloff...Semiconductors Stocks Rally...Technology, Communication Services, Discretionary Lead all Sectors Higher...

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-The SPX +47.20 opened higher and closed higher.

-The SPX regained more than 100% of the Wednesday/Thursday selloff..

- QQQ, closed above last Wednesday’s high, which was the last high day.

-VIX closed slightly lower.

 

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

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

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

Day 6 of Q4 Earnings Season today, 37 SPX companies have reported as of the close:

First day reaction: Q4 through Jan 23…

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:  BKR, SYF, NTRS, KEY, PG, FAST, PNC, UAL, SCHW, GS, CFG, DAL, UNH = 13

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 4.75 at 400.63, on 84.1 million shares, average volume, up on lower volume.

VIX down .04 at 19.81

QQQ up 6.28 at 288.96

INTC, CRM, AAPL, WBA led the DJIA, 22 advancers, -4

WDC, TSLA, NVDA, ZBRA led the SPX, 393 advancers

LCID, RIVN, AMD, MRVL led the NDX, 86 advancers.

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

Up:  QQQ, IWM, SPY, DIA

Down:

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

The SPY MFC green line turned up at 56.3 and is short-term bullish.  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: Up

86 of 100 NDX stocks closed higher on Monday.

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, 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, ADI, DDOG, CRWD, FTNT, GFS, PCAR, REGN, TSLA,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 8

ADI, DDOG, CRWD, FTNT, GFS, PCAR, REGN, TSLA,

Moving Below 30 DMA = 0

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