SPX Opens Higher, Closes Lower...All Sectors Move Lower

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-SPX -36.36 opened higher, reversed and closed below Tuesday’s low.

-VIX closed higher.

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

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

iBB:  In our model account we maintain a net long position.  Multiple LCVs hit targets and we rolled into 17 February expirations.

Day 19 of Q4 Earnings Season today, 311 SPX companies have reported as of the close:

First day reaction: Q4 through Feb 9…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 = 144

Neutral: 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 = 46

Negative: IFF, 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 = 121

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 3.56 at 407.09, on 78.6 million shares, average volume, down on similar volume.

VIX up 1.08 at 20.71

QQQ down 2.69 at 301.68

CRM, WMT, UNH, AXP led the DJIA, 5 advancers, -2

MGM, RE, WYNN, CDAY led the SPX, 115 advancers

AZN, ORLY, GFS, ATVI led the NDX, 33 advancers.

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

Up:

Down:  DIA, SPY, QQQ, IWM,

All eleven sectors were lower on Thursday for a second day.

The SPY MFC green line is pointed down at 82.9 and is counter-trend defensive.  SPY opened lower and closed lower for a second day.

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

33 of 100 NDX stocks closed higher on Thursday.

63 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, 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, GILD, SBUX, LULU, ORLY,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 1

ORLY,

Moving Below 30 DMA = 7

CMCSA, CSX, DXCM, FANG, GOOG, KLAC, PYPL,

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