SPX Closes Lower after Last Hour Selloff...Basic Materials, Financial, Commmunication Services Lead Sectors...

© 2023

 

-SPX -12.09 opened flat, traded in a range, closed lower after a last-minute selloff.

-VIX closed .25 lower.

-XRAY +3.52, +10.19% leads SPX after EPS. 46 beats .32 estimates.

-EV stocks RIVN, LCID rise, TSLA falls.

 

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

Mega caps META, AMZN, GOOGL rose and MSFT, AAPL, TSLA, NVDA fell.

iBB:  In our model account we maintain a net long position.

SPY down 1.47 at 396.26, on 96.1 million shares, above average volume, down on higher volume.

VIX down .25 at 20.70

QQQ down .38 at 293.56

JPM, BA, WMT, AXP led the DJIA, 11 advancers, -6

XRAY, EW, STLD, AAP led the SPX, 201 advancers

RIVN, LCID, AMAT, META led the NDX, 44 advancers.

The two-year trend term is up a little.  The one-year trend down a little.

Up:  IWM,

Down:  QQQ, SPY, DIA,

Four of eleven sectors were higher on Tuesday, led by XLB, XLF and XLC.

The SPY MFC green line is pointed down at 35 and is short-term bearish.  SPY opened flat, traded in a range, sold off in the last minute of trading and closed lower.

Uptrend sectors:   XLC, XLK, XLI, XLB, XLF, XLRE, XLY,

Neutral sectors:  XLE, XLP, XLU, XLV,

Down trend sectors:

The 6-month intermediate trend is sideways.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down a little

44 of 100 NDX stocks closed higher on Tuesday.

34 NDX stock are above their 30 DMA:   ALGN, BKNG, META, SGEN, WBD, ANSS, CDNS, ISRG, ABNB, FISV, NVDA, AAPL, CPRT, FAST, PANW, WDAY, ZS, ADI, FTNT, GFS, TSLA, CRWD, ORLY, DXCM, PEP, ATVI, CSCO, REGN, MELI, MRVL, MCHP, AMAT, AVGO, RIVN,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 3

AMAT, AVGO, RIVN,

Moving Below 30 DMA = 6

AMD, FANG, INTU, KDP, MDLZ, ODFL,

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SPX Closes Higher...VIX, DXY Fall...Consumer Discretionary, Industrials, Technology Lead Sectors...

© 2023 

 

-SPX +12.20 gapped higher, filled the gap and closed above the HOLD.

-VIX closed .72 lower.

-UNP +19.45, +10.09% after announcing plans to announce a new CEO in 2023,

 

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

Mega caps TSLA, NVDA, GOOGL, AAPL, MSFT, AMZN rose and META fell.

iBB:  In our model account we maintain a net long position.  We added two LCVs and a bearish put trade.

SPY up 1.35 at 397.73, on 80.4 million shares, average volume, up on lower volume.

VIX down .72 at 20.95

QQQ up 2.09 at 293.94

CAT, BA, JPM, AAPL led the DJIA, 17 advancers, +11

UNP, ENPH, SEDG, LYB led the SPX, 263 advancers

SGEN, RIVN, TSLA, LCID led the NDX, 74 advancers.

The two-year trend term is up a little.  The one-year trend down a little.

Up:  QQQ, IWM, SPY, DIA,

Down:

Seven of eleven sectors were higher on Monday, led by XLY, XLI and XLK.

The SPY MFC green line is pointed down at 39.3 and is short-term bearish.  SPY gapped higher, filled the gap and closed above the high of the low day.

Uptrend sectors:   XLC, XLK, XLI, XLB, XLF, XLRE, XLY,

Neutral sectors:  XLE, XLP, XLU, XLV,

Down trend sectors:

The 6-month intermediate trend is sideways.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down a little

74 of 100 NDX stocks closed higher on Monday.

37 NDX stock are above their 30 DMA:   ALGN, BKNG, META, SGEN, WBD, ANSS, CDNS, ISRG, ABNB, FISV, NVDA, AAPL, CPRT, FAST, PANW, WDAY, ZS, ADI, FTNT, GFS, TSLA, CRWD, ORLY, DXCM, KDP, PEP, ATVI, CSCO, REGN, INTU, MELI, MRVL, AMD, FANG, MCHP, MDLZ, ODFL,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 5

AMD, FANG, MCHP, MDLZ, ODFL,

Moving Below 30 DMA = 1

PCAR,

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SPX Closes Lower after PCE Inflation Higher than Forecast...Basic Materials, Financials, Utilities Lead Sectors...

© 2023

 

-SPX -42.28 opened lower after PCE inflation was higher than forecast.

-VIX closed .53 higher.

-SQ +3.21, +4.33% a positive EPS reaction

 

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

Mega caps TSLA, AMZN, MSFT, GOOGL, AAPL, NVDA, META fell.

iBB:  In our model account we maintain a net long position.  We closed and rolled profitable bearish trades.

SPY down 4.28 at 396.38, on 108.1 million shares, above average volume, down on higher volume.

VIX up .53 at 21.67

QQQ down 4.97 at 291.85

DOW, JPM, VZ, CVX led the DJIA, 6 advancers, -14

FTI, EQT, LIN, EIX led the SPX, 110 advancers

INTU, DLTR, MELI, BKNG led the NDX, 8 advancers.

The two-year trend term is up a little.  The one-year trend down a little.

Up:

Down:  IWM, SPY, DIA, QQQ,

Three of eleven sectors were higher on Friday, led by XLB, XLF and XLU.

The SPY MFC green line pointed down at 47 and is short-term bearish.  SPY opened lower and closed lower.

Uptrend sectors:   XLC, XLK, XLI, XLB, XLF, XLRE, XLY,

Neutral sectors:  XLE, XLP, XLU, XLV,

Down trend sectors:

The 6-month intermediate trend is sideways.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

8 of 100 NDX stocks closed higher on Friday.

33 NDX stock are above their 30 DMA:   ALGN, BKNG, META, SGEN, WBD, ANSS, CDNS, ISRG, ABNB, FISV, NVDA, AAPL, CPRT, FAST, PANW, WDAY, ZS, ADI, FTNT, GFS, PCAR, TSLA, CRWD, ORLY, DXCM, KDP, PEP, ATVI, CSCO, REGN, INTU, MELI, MRVL,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 13

ADSK, AMD, DDOG, LULU, MAR, MCHP, MDLZ, MNST, MSFT, ODFL, OKTA, TEAM, ZM,

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SPX Closes Higher after Positive NVDA EPS Reaction...Technology, Energy, Real Estate Lead Sectors...After-hours: SQ Up on EPS Reaction...

© 2023 

 

-SPX +21.27 opened higher after NVDA EPS and closed higher.

-VIX closed 1.15 lower.

-NVDA +29.10, +14.02% a positive EPS reaction.

-ANSS +27.97, +10.48% a positive EPS reaction.

-After-hours:  SQ +6.46, +8.71% a positive EPS reaction,

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

Mega caps NVDA, MSFT, TSLA, META, AAPL, AMZN rose and GOOGL fell.

iBB:  In our model account we maintain a net long position.  We made hedge adjustments and added two channel bounce LCVs.

SPY up 2.12 at 400.66, on 96.2 million shares, above average volume, up on higher volume.

VIX down 1.15 at 21.14

QQQ up 2.57 at 296.82

MRK, MSFT, BA, HD led the DJIA, 20 advancers, +8

PWR, FTI, CTRA, GEHC led the SPX, 310 advancers

NVDA, ANSS, MRVL, AMD led the NDX, 61 advancers.

The two-year trend term is up a little.  The one-year trend down a little.

Up:  QQQ, IWM, SPY, DIA,

Down:

Seven of eleven sectors were higher on Thursday, led by XLK, XLE and XLRE.

The SPY MFC green line pointed down at 56 and is defensive.  SPY opened higher and closed higher.

Uptrend sectors:   XLC, XLK, XLI, XLB, XLF, XLRE, XLY,

Neutral sectors:  XLE, XLP, XLU, XLV,

Down trend sectors:

The 6-month intermediate trend is sideways.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

61 of 100 NDX stocks closed higher on Thursday.

46 NDX stock are above their 30 DMA:   ALGN, BKNG, META, SGEN, WBD, ODFL, ANSS, CDNS, ADSK, ISRG, ABNB, FISV, MAR, NVDA, TEAM, CPRT, AAPL, CPRT, FAST, MCHP, MSFT, PANW, WDAY, ZS, ADI, FTNT, GFS, PCAR, TSLA, DDOG, CRWD, LULU, ORLY, DXCM, KDP, PEP, ATVI, LULU, CSCO, MDLZ, REGN, AMD, INTU, MELI, MNST, MRVL, OKTA, ZM,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 7

AMD, INTU, MELI, MNST, MRVL, OKTA, ZM,

Moving Below 30 DMA = 4

AZN, LCID, RIVN, TMUS,

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SPX Range Bound Before/After FOMC Minutes...Materials, Consumer Discretionary, Communication Services Lead Sectors...NVDA Gains After-hours...

© 2023

  

-SPX -6.29 opened slightly higher & traded in a range, FOMC minutes released.

-VIX closed .58 lower, perhaps unwinding of puts after release of FOMC minutes.

-NVDA +18.45, +8.89% a positive EPS reaction after-hours

 

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

Mega caps TSLA, AMZN, NVDA, AAPL rose and GOOGL, MSFT, META, fell.

iBB:  In our model account we maintain a net long position.  We rolled down a profitable bearish trade and added an earnings strangle.

SPY down .55 at 398.54, on 83.7 million shares, average volume, down on slightly higher volume.

VIX down .58 at 22.29

QQQ up .22 at 294.25

CRM, AXP, TRV, PG led the DJIA, 12 advancers, +11

CZR, EQT, NDSN, GRMN led the SPX, 203 advancers

PANW, CRWD, WBD, ZS led the NDX, 41 advancers.

The two-year trend term is up a little.  The one-year trend down a little.

Up:  IWM, QQQ,

Down:  SPY, DIA,

Three of eleven sectors were higher on Wednesday, led by XLB, XLY and XLC.

The SPY MFC green line pointed down at 64.9 and is defensive.  SPY opened slightly higher and closed lower.

Uptrend sectors:   XLY, XLK, XLC, XLF, XLI, XLRE, XLB,

Neutral sectors:  XLE, XLP, XLU, XLV,

Down trend sectors:

The 6-month intermediate trend is sideways.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

41 of 100 NDX stocks closed higher on Wednesday.

43 NDX stock are above their 30 DMA:   ALGN, BKNG, META, SGEN, WBD, ODFL, ANSS, CDNS, ADSK, ISRG, ABNB, FISV, LCID, MAR, NVDA, TEAM, CPRT, AAPL, CPRT, FAST, MCHP, MSFT, PANW, WDAY, ZS, ADI, FTNT, GFS, PCAR, TSLA, DDOG, CRWD, RIVN, LULU, ORLY, AZN, DXCM, KDP, PEP, ATVI, LULU, TMUS, CSCO, MDLZ, REGN,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 3

COST, EXC, NXPI,

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