SPX +60 after META EPS Reaction...Communication Services, Discretionary, Technology Lead Sectors...Afterhours: AMZN, GOOGL, AAPL Lower on Negative EPS Reaction...

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-The SPX +60.55 opened higher and closed higher after META EPS reaction.

-ALGN, META, GWW gained 12%+ after positive EPS reactions.

-VIX closed higher before AAPL, AMZN, GOOGL EPS.

-After-hours: AMZN -5.73, -8.07%, on negative EPS reaction,

-GOOGL -4.96, -4.60%, on negative EPS reaction,

-AAPL -4.83, -3.20%, on negative EPS reaction.

 

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

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

iBB:  In our model account we maintain a net long position.  Four LCVs hit target, we closed for a 100%+ gain an earnings strangle call in META and continued to increase our 10 February exposure through additional entries.

Day 14 of Q4 Earnings Season today, 210 SPX companies have reported as of the close:

First day reaction: Q4 through Feb 2…Positive reactions continue to lead…

Positive: ALGN, META, GWW, SWK, ITW, BALL HSY, TT, APTV, MAA, SNA, ALL, PH, EBAY, CHRW, BMY HOLX, CR, AMD, ODFL, SYK, EW, MO, TMO, OTIS, BSX, MSLZ, TMUS, AOS, IP, PHM, PNR, GM, DOV, NVR, MSCI, UPS, MCO, NXPI, XOM, ARE, PFE, WHR, BEN, 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 = 101

Neutral: CAH, HON, WEC, CMS, AME, TECH, ICE, HUM, BXP, WM, MPC, SYY, PFG, HCA, CMCSA, ALK, DOW, XEL, TER, ADM, TXT, BA, APH, MSFT, FFIV, TEL, JNJ, HBAN, SLB, DFS, BLK = 31

Negative: APD, AFL, QRVO, COP, EL, PTC, MET, CTVA, LLY, MRK, GL, BDX, DGX, AVY, MCK, WRK, EA, CB, MTCH, IEX, ABC, JCI JNPR, FTV, AMGN, WDC, PSX, GLW, CAT, MCD, 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 = 78

Non-SPX = SNAP

109 SPX companies report EPS this 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 5.98 at 416.78, on 101.6 million shares, above average volume, up on similar volume.

VIX up .86 at 18.73

QQQ up 10.80 at 311.72

MSFT, INTC, MMM, AAPL led the DJIA, 15 advancers, -3

GWW, EPAM, VNO, GOOGL led the SPX, 325 advancers

ALGN, META, ZS, AMZN led the NDX, 74 advancers

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

Up:  QQQ, IWM, SPY,

Down:  DIA,

Seven of eleven sectors were higher on Thursday, led by XLC, XLY and XLK

The SPY MFC green line is pointed up at 89.5 and is short-term bullish.  SPY opened higher and closed higher.

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

74 of 100 NDX stocks closed higher on Thursday.

79 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, LRCX, ODFL, TMUS, ADBE, ANSS, CDNS, MELI, ADSK, AMZN, ISRG, NXPI, QCOM, ABNB, AMD, FISV, LCID, MAR, NVDA, TEAM, CPRT, GOOG, GOOGL, VRTX, AAPL, BIIB, COST, CPRT, DLTR, FAST, ILMN, INTU, MCHP, MRVL, MSFT, PANW, TXN, WDAY, VRSK, ZS, ADI, FTNT, GFS, PCAR, REGN, TSLA, MNST, CSCO, DDOG, OKTA, ZM, CSGP, ATVI, CRWD, INTC, RIVN, CSX, KLAC, LULU, MDLZ, PAYX, WBA, ISRG,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 1

ISRG,

Moving Below 30 DMA = 5

AEP, CTAS, FANG, JD, ROST,

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