SPX Opens Lower, Closes Higher...Discretionary, Real Estate, Communication Services Lead Sectors...

 

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iBB:  In our model account we maintain a net long position.  We had 4 LCVs hit target, and we increased our 3 February exposure.

Day 10 of Q4 Earnings Season today, 123 SPX companies have reported as of the close:

First day reaction: Q4 through Jan 27…

Positive:  AXP, LHX, RHI, V, WY, TSLA, STX, STLD, URI, NUE, PKG, LVS, TSCO, VLO, NOW, AAL, LRCX, CCI, MMC, ROK, AMP, 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 = 57

Neutral: HCA, CMCSA, ALK, DOW, XEL, TER, ADM, TXT, BA, APH, MSFT, FFIV, TEL, JNJ, HBAN, SLB, DFS, BLK = 18

Negative: KLAC, INTC, EMN, CL, CVX, CHTR, RMD, WRB, ROP, AJG, SHW, MKC, IBM, NOC, RJF, LUV, CSX, TROW, MA, 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 = 48

109 SPX companies report EPS next week: 

Monday:  BEN, ARE NXPI, PFG, WHR

Tuesday:  AOS, CAT, DOV, GLW, GM, IP, MCD, MCO, MPC, MSCI, NVR, PFE, PHM, PNR, PSX, SYY, UPS, XOM, AMD, AMGN, BXP, CB, EA, EW, IEX, JNPR, MDLZ, MTCH, SYK, WDC

Wednesday:  ABC, BSX, FTV, HUM, JCI, MO, ODFL, OTIS, TMO, TMUS WM, WRK, AFL, ALGN, ALL, CHRW, DTVA, EBAY, GL, HOLX, MAA, MCK, MET, META, PTC, QRVO

Thursday:  AME, APD, APTV, AVY, BALL, BDX, BMY, CR, CAH, CMS, COP, DGX, EL, GWW, HON, HSY, ICE, ITW, LLY, MRK, PH, SNA, SWK, TECH, TT WEC, AAPL, AMZN, CLX, CPT, CTSH, F, GEN, GILD, GOOG, GOOGL, HIG, MCHP, NWSA, QCOM, SBUX

Friday:  AON, CBOE, CHD, CI, LYB, REGN, ZBH

SPY up .93 at 405.68, on 68.3 million shares, below average volume, up on lower volume.

VIX down .22 at 18.51

QQQ up 2.92 at 296.26

AXP, V, WBA, MMM led the DJIA, 13 advancers, -5

LHX, VNO, RHI, BXP led the SPX, 263 advancers

LCID, TSLA, RIVN, ABNB led the NDX, 56 advancers.

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

Up:  QQQ, IWM, SPY, DIA,

Down:

Five of eleven sectors were higher and two were unchanged on Friday, led by XLY, XLRE and XLC.

The SPY MFC green line turned up at 77.1 and is short-term bullish.  SPY opened lower and closed higher.

Uptrend sectors:   XLC, XLRE, XLY, XLK, XLB, XLI, XLF, XLE, XLU, XLV, XLP,

Neutral sectors:

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

56 of 100 NDX stocks closed higher on Friday.

77 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, CRWD, DDOG, OKTA, ZM, ATVI, RIVN,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

ATVI, RIVN,

Moving Below 30 DMA = 2

CSGP, MRNA,

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