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-The SPX +42.61 opened
lower and closed higher after the FOMC announcement.
-AMD, ODFL, SYK gained 9%+ after
positive EPS reactions.
-VIX closed lower at a 52-week low.
-After-hours:
META +30.87, +20.16%, on positive EPS reaction,
ALGN +42.47, +15.03%,
on positive EPS reaction.
-FOMC
announcement was as expected a 25-bps
hike.
GLD and TLT closed higher, while DXY, /CL and TNX
moved lower.
Mega caps NVDA, TSLA, META, MSFT,
AMZN, GOOGL, AAPL, rose.
iBB: In
our model account we maintain a net long position. We rolled most of our 3 Feb exposure to 10 Feb
before the FOMC announcement, added an earnings strangle on META and increased
our 10 February exposure through new entries.
Day 13 of Q4 Earnings Season today, 170 SPX
companies have reported as of the close:
First day reaction: Q4 through Feb 1…Positive reactions continue
to lead…
Positive: 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 = 83
Neutral: HUM, BXP, WM, MPC, SYY, PFG, HCA, CMCSA, ALK, DOW, XEL, TER,
ADM, TXT, BA, APH, MSFT, FFIV, TEL, JNJ, HBAN, SLB, DFS, BLK = 24
Negative: 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 = 63
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, CTVA, 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 4.32 at 410.80, on 101.4 million shares, above average volume, up on higher
volume.
VIX down 1.53 at 17.87,
a 52-week low.
QQQ up 6.30 at 300.92
INTC, CRM, MSFT, NKE led the DJIA, 18 advancers, -8
SYK, KMX, AMAT, EW led the SPX, 363 advancers
AMD, DDOG, ODFL, NVDA led the NDX, 89 advancers.
The two-year trend term is sideways. The
one-year trend down.
Up: QQQ, SPY, IWM, DIA,
Down:
Nine of eleven sectors were higher, and one was unchanged on Wednesday,
led by XLK, XLY and XLC.
The SPY
MFC green line is pointed up at 87 and is short-term
bullish. SPY opened lower
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
89 of 100 NDX stocks
closed higher on Wednesday.
83
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, 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,
ROST, CSCO, DDOG, OKTA, ZM, CSGP, ATVI, CRWD, INTC, RIVN, AEP,
CSX, CTAS, JD, KLAC, LULU, MDLZ, PAYX, WBA,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 9
AEP, CSX, CTAS, JD, KLAC, LULU, MDLZ,
PAYX, WBA,
Moving Below 30 DMA = 1
EA,
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