SPX Closes Lower after Four-day Rally...Technology, Energy, Discretionary Lead Sectors...TSLA Leads NDX...

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-The SPX -8.12 opened flat, choppy range and closed slightly lower.

-QQQ closed higher and remained above its 30 DMA.

-VIX rose.

 

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

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

fell.

iBB:  In our model account we maintain a net long position.  We had 2 LCV

positions hit their target profit, and we increased our Jan 20 and Jan 27 risk

exposure with new positions.

Day 2 of Q4 Earnings Season today with four SPX companies reporting BMO:

First day reaction: Q4 through Jan 17…

Positive:  MS, SBNY, WFC, JPM, BAC, BK, C, FRC = 8

Neutral: BLK = 1

Negative:  GS, CFG, DAL, UNH = 4

26 SPX companies report EPS this 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

SPY down .73 at 397.77, on 62.6 million shares, below average volume, down on

similar volume.

VIX up 1.01 at 19.36

QQQ up .57 at 281.54

MCD, CVX, AAPL, DIS led the DJIA, 6 advancers, -16

MS, KMX, VRTX, GPN led the SPX, 192 advancers

TSLA, ZS, CRWD, NVDA led the NDX, 46 advancers.

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

Up:  QQQ,

Down:  IWM, SPY, DIA,

Five of eleven sectors were higher on Tuesday, led by XLK, XLE and XLY.

The SPY MFC green line is pointed up at 59 and is short-term bullish.  SPY

opened flat and closed slightly lower. 

 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 a little

46 of 100 NDX stocks closed higher on Tuesday.

72 NDX stock are above their 30 DMA:   KHC, ROST, AZN, AVGO, EXC, ALGN, BKNG, META, SGEN, CMCSA, JD, PDD, PYPL, SBUX, EBAY, IDXX, MU, NFLX, WBD, BKR, CHTR, AMAT, ASML, 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, FISV, LCID, MAR, NVDA, PAYX, TEAM, CPRT, GFS, GOOG, GOOGL, MNST, MRVL, OKTA, VRTX, AAPL, DDOG, ILMN, SIRI, ZM, ZS,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 6

AAPL, DDOG, ILMN, SIRI, ZM, ZS,

Moving Below 30 DMA = 6

ATVI, AMGN, CSCO, EA, FAST, HON,

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