SPX Closes Lower, Give back 90% of Tuesday's Rally...All Sectors Close Lower...

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-SPX -46.14 opened lower and closed lower giving back 90% of Tuesday’s gain.

-SPY, QQQ, STX, EBAY and W are bull flag price patterns.

-VIX closed higher.

-Six Fed members Williams, Cook, Bostic, Barr, Kashkari and Waller spoke today

sharing their own ambiguous observations, apparently adding no clarity to Powell's

comments yesterday and last Wednesday.  Fed speak, once again, much ado

about nothing new.

-After-hours: DIS +6.04, +5.40% on positive EPS reaction.

 

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

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

iBB:  In our model account we maintain a net long position.  We reduced two ETF positions protecting profits and added 17 February expirations today.

Day 18 of Q4 Earnings Season today, 280 SPX companies have reported as of the close:

First day reaction: Q4 through Feb 8…Positive reactions continue to lead…

Positive: FTNT, CME, FOXA, CVS, ETN, OMC, ESS FMC, YM, PRU, CDW, SWKS, CINF, FISV, TTWO, DD, RCL, CTLT, ATVI, LIN, XYL, IT, TDG, UDR, l, CLX, REGN, CHD, GILD, CBOE, AAPL, LYB, ZBH, MCHP, 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 = 135

Neutral: VFC, ATO, CNC, IDXX, ON, HIG, QCOM, 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 = 38

Negative: LUMN, JKHY, ILMN, PAYC, EMR, TRMB, AMCR, CMG, VRTX, ENPH, D, AIZ, PEAK, INCY, CARR, SPG, J, TSN, CMI, GEN, AMZN, F, SBUX, CPT, CTSH, GOOGL, CI, AON, NWSA, 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 = 107

Non-SPX = SNAP, PINS

94 SPX companies report EPS this week: 

Monday:  CMI, IDXX, L, ON, TSN, ATVI, CINF, SPG, SWKS, TTWO, UDR

Tuesday:  CARR, CNC, CTLT, DD, FISV, INCY, IT, J, LIN, RCL, TDG, XYL, AIZ, AMCR, ATO, CMG, ENPH, ESS, FMC, FTNT, ILMN, JKHY, LUMN, OMC, PAYC, PEAK, PRU, VFC, VRTX

Wednesday:  CDW, CME, CVS, D, EMR, ETN, FOXA, TRMB, YUM, AVB, CDAY, DIS, EFX, FLT, FRT IFF, LNC, MGM, MOH, ORLY, RE, STE, WYNN

Thursday:  ABBV, BAX, BWA, DUK HII, HLT, IPG, K, KIM, MAS, PEP, PM, RL, SEE, SPGI, TPR, WTW, DXCM, EQR, EXPE, MHK, MSI, MTD, NWSA, PYPL, REG, VRSN, VTR

Friday:  GPN, IQV, NWL

SPY down 4.54 at 410.65, on 76.1 million shares, average volume, down on lower volume.

VIX up .97 at 19.63

QQQ down 5.51 at 304.37

UNH, MRK, GS, AXP led the DJIA, 7 advancers, -15

CME, FOXA, CVS, FTI led the SPX, 106 advancers

FTNT, PANW, DDOG, TSLA led the NDX, 16 advancers.

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

Up:

Down:  DIA, SPY, IWM, QQQ,

All eleven sectors were lower on Wednesday.

The SPY MFC green line pointed down at 87.5 and is counter-trend defensive.  SPY opened lower and closed lower.

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

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: Down a little

16 of 100 NDX stocks closed higher on Wednesday.

69 NDX stock are above their 30 DMA:   AVGO, ALGN, BKNG, META, SGEN, CMCSA, PYPL, EBAY, IDXX, MU, NFLX, WBD, BKR, CHTR, AMAT, ASML, CTSH, LRCX, ODFL, ADBE, ANSS, CDNS, MELI, ADSK, AMZN, ISRG, NXPI, QCOM, ABNB, AMD, FISV, LCID, MAR, NVDA, TEAM, CPRT, GOOG, GOOGL, AAPL, BIIB, COST, CPRT, DLTR, FAST, INTU, MCHP, MRVL, MSFT, PANW, TXN, WDAY, ZS, ADI, FTNT, GFS, PCAR, REGN, TSLA, MNST, DDOG, OKTA, ZM, CRWD, RIVN, CSX, KLAC, GILD, SBUX, DXCM, FANG, LULU,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 5

ILMN, INTC, PAYX, PDD, VRTX,

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