SPX Lower Open, Higher Close...Mega Cap Momentum Slows on Friday...Energy, Utilities, Health Care Lead Sectors

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-SPX +8.96 opened lower, reversed and closed higher.

-VIX closed lower.

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

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

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

Day 20 of Q4 Earnings Season today, 325 SPX companies have reported as of the close:

First day reaction: Q4 through Feb 10…Positive reactions continue to lead…

Positive: MGM, RE, WYNN, ORLY, CDAY, TPR, BWA, ABBV, 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 = 151 / 325 = 46%

Neutral: VTR, EQR, PEP, PM, RL, K, MAS, FRT, SPGI, AVB, 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 = 48 / 325 = 15%

Negative: NWSA, EXPE, MHK, IQV, MTDIFF, BAX, STE, WTW, SEE, EFX, KIM, LNC, IPG, FLT, HII, MOH, DUK, DIS, 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 = 126 / 325 = 39%

Non-SPX = SNAP, PINS

Earnings season is winding down with 61 SPX companies reporting EPS next week:

SPY up .95 at 408.04, on 70.7 million shares, below average volume, up on lower volume.

VIX down .18 at 20.53

QQQ down 1.98 at 299.70

CVX, WBA, UNH, MRK led the DJIA, 24 advancers, +19

MRO, VLO, APA, DINO led the SPX, 318 advancers

DXCM, FANG, FTNT, PYPL led the NDX, 42 advancers.

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

Up:   DIA, SPY, IWM,

Down:  QQQ,

Eight of eleven sectors were higher on Friday, led by XLE, XLU and XLV.

The SPY MFC green line is pointed down at 80.7 and is counter-trend defensive.  SPY opened lower and closed higher.

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 a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

42 of 100 NDX stocks closed higher on Friday.

68 NDX stock are above their 30 DMA:   AVGO, ALGN, BKNG, META, SGEN, 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, AAPL, BIIB, COST, CPRT, FAST, INTU, MCHP, MRVL, MSFT, PANW, TXN, WDAY, ZS, ADI, FTNT, GFS, PCAR, REGN, TSLA, MNST, DDOG, OKTA, ZM, CRWD, RIVN, GILD, SBUX, LULU, ORLY, AZN, CTAS, DXCM, FANG, KDP, PEP, PYPL,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 7

AZN, CTAS, DXCM, FANG, KDP, PEP, PYPL,

Moving Below 30 DMA = 2

DLTR, GOOGL,

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