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-SPX -25.40 opened lower, traded in a range, closed lower for a second day.
-SPY, QQQ, NVDA, MSFT, HD, SMH, AMAT are bull flag
price patterns.
-VIX closed higher.
-Fed Chair Powell, Tues. at 12:40 pm ET, at Economic Club of
Washington, DC.
DXY, GLD, /CL and TNX closed higher, while and TLT moved lower.
Mega caps TSLA rose and NVDA, META, MSFT, AMZN, AAPL, GOOGL fell.
iBB: In
our model account we maintain a net long position. We continued to increase our
10 February exposure through additional entries.
Day 16 of Q4 Earnings Season today, 236 SPX
companies have reported as of the close:
First day reaction: Q4 through Feb 6…Positive reactions continue
to lead…
Positive: 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
= 111
Neutral: 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 = 35
Negative: 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 = 90
Non-SPX = SNAP, PINS
94 SPX companies report EPS next 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 2.52 at 409.83, on 60.2 million shares, below average volume, down on lower
volume.
VIX up 1.10 at 19.43
QQQ down 2.59 at 303.59
TRV, CAT, MCD, MRK led the DJIA, 12 advancers, -2
CTLT, EXR, ALL, D led the SPX, 152 advancers
LCID, TSLA, GILD, ORLY led the NDX, 28 advancers.
The two-year trend term is up a little. The
one-year trend down.
Up:
Down: DIA, SPY, QQQ, IWM,
Two of eleven sectors were higher on Monday, led by XLU, XLP and XLF.
The SPY
MFC green line moved up at 90.1 and is short-term
bullish. 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
28 of 100 NDX stocks
closed higher on Monday.
71
NDX stock are above their 30 DMA: AVGO,
ALGN, BKNG, META, SGEN, CMCSA, PDD, 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, VRTX, AAPL, BIIB, COST, CPRT, DLTR, FAST, ILMN, INTU, MCHP,
MRVL, MSFT, PANW, TXN, WDAY, ZS, ADI, FTNT, GFS, PCAR, REGN, TSLA, MNST,
DDOG, OKTA, ZM, CRWD, INTC,
RIVN, CSX, KLAC, GILD, MDLZ, SBUX,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
GILD, MDLZ, SBUX,
Moving Below 30 DMA = 5
CSCO, LULU, PAYX, TMUS, WBA,
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