SPX Highest Monthly Close in a Year...Energy, Financial, Basic Materials Lead Sectors...INTC, DIS Leads DJIA...

 

© 2023

-SPX +34.13, opened higher, closed higher for the highest monthly close in a year.

-SPX stayed above the HOLD after more positive EPS reactions,

-VIX down 1.25, a 52-week low.

-EPS reactions: CHTR +25.95, +7.57%, MHK +7.12, +7.21%,

-FSLR -18.25, -9.09%, AMZN -4.37, -3.98%,

-Monday EPS reports 7 BMO and 12 AMC.

-162 SPX companies are scheduled to report EPS next week,

-including AAPL on Thursday.

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

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

Day 12 of Q1 Earnings Season continued with 7 SPX company reporting BMO:

First day reaction: Q1 through Apr 28…

Positive:  CHTR, MHK, RMD, RSG, EMN, INTC, MDLZ, ESS, LYB, PEAK, CPT, CINF, CL, NWL, VRSN, WY, HIG, COF, XOM, HAS, META, CMCSA, PNR, CBRE, CHRW, MOH, KLAC, EQT, AFL, CHD, GWW, TYL, ROP, EBAY, ROK, FTI, SPGI, HSY, HON, AVB, LLY, RHI, FIS, MAA, ORLY, NEM, ACGL, NO, MA, LKQ, KIM, AOS, BAX, CNP, MRK, UDR, SO, CMS, AAL, MO, CMG, MSFT, ALLE, CSGP, BXP, UHS, HES, MAS, BRO, CNC, FISV, PEP, PHM, KMB, PCAR, MCO, HCA, PG, CSX, SNA, LRCX, DHI, NUE, STLD, EFX, LVS, MMC, GPC, ISRG, ABT, UAL, TRV, BKR, NDAQ, USB, SYF, LMT, BK, MTB, SCHW, JPM, C, BLK, KMX = 104

Neutral: CVX, PFG, AMGN, AJG, FICO, XEL, DTE, LIN, NOW, TXT, AWK, WST, BMY EW, CAT IEX, HUM, BA, BSX, GOOGL, GOOG, ADP, EQR, V, AMT, OTIS, VZ, IVZ, MCD, MMM, SHW, KO, PPG, UNP, IBM, ALK, DFS, FITB, MS, CFG, BAC, PLD, JBHT, PNC, WFC, FAST = 46

Negative:  FSLR,  TMUS, AMZN, FE, DLR, AON, DXCM, GILD, LHX, ALGN, ABBV, DPZ, KDP, WTW, URI, IP, PXD, DGX, IPG, IQV, LUV, TER, RJF, VLO, TSCO, PTC, WM, ENPH, ODFL, WAB, GD, ILMN, FTV, ETR, HLT, AVY TEL, DOV, JNPR, NSC, TXN, TMO, TDY, MKTX, CME, CB, APH, FRC, MSCI, UPS, NTRS, DHR, GEHC, AMP, PKG, ADM, WHR, DOW, LH, CDNS, GM, BIIB, NVR, HAL, ARE,GLW, GE, NEE, RTX, WRB, SLB, FCX, RF, T, TSLA, STX, CCI, ZION, PM, TFC, KEY, CMA, FFIV, POOL, HBAN, KMI, AXP, ELV, OMC, NFLX, JNJ, GS, STT, UNH, PGR, DAL = 96

Monday: Before – BEN, GPN, L, NCLH, ON, WEC, After - ANET, FANG, FMC, HOLX, INVH, MGM, NXPI, RE SBAC, SYK, VICI, VRTX

SPY up 3.52 at 415.93, on 89.4 million shares, above average volume, up on slightly lower volume.

VIX down 1.25 at 15.78, a 52-week low.

QQQ up 2.21 at 322.56

INTC, DIS, HD, CAT led the DJIA, 26 advancers, -3

MHK, RMD, CTLT, RCL led the SPX, 412 advancers

CHTR, MU, WBD, MDLZ led the NDX, 74 advancers.

The two-year trend term is sideways.  The one-year trend down.

Up:  IWM, SPY, DIA, QQQ,

Down:

Ten of eleven sectors were higher on Friday, led by XLE, XLF and XLB.

The SPY MFC green line is pointed up at 83.5 and is short-term bullish.  SPY opened higher, trended up and closed higher for a second day.

Uptrend sectors:   XLK, XLC, XLP, XLB, XLI,

Neutral sectors:  XLY, XLV, XLU, XLE, XLF, XLRE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

74 of 100 NDX stocks closed higher on Friday.

58 NDX stock are above their 30 DMA:   VRSK, AAPL, MDLZ, PEP, AMZN, CPRT, EA, ISRG, VRTX, AZN, LULU, REGN, BIIB, MNST, AEP, KHC, ORLY, XEL, EXC, WBA, DLTR, FANG, SBUX, CSX, FISV, COST, CSGP, BKR, DXCM, BKNG, EBAY, MAR, PCAR, MSFT, MU, NVDA, ROST, ADP, CMCSA, CTAS, FAST, GOOG, GOOGL, HON, IDXX, KLAC, LCID, LRCX, META, ABNB, ADBE, CHTR, INTC, INTU, MELI, NFLX, PAYX, PYPL,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 9

ABNB, ADBE, CHTR, INTC, INTU, MELI, NFLX, PAYX, PYPL,

Moving Below 30 DMA = 3

DDOG, GILD, TMUS,

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SPX Bounce Closes Higher in Broad Rally after Positive META EPS Reaction...Communications Services, Consumer Discretionary, Technology Lead Sectors...

© 2023

-SPX +79.36, opened higher, reversed and closed lower.

-SPX bounced above the HOLD after a META positive EPS reaction,

-VIX down 1.81.

-EPS reactions: HAS +7.52, +14.63%, META +29.16, +13.93%,

-ALGN -36.82, -10.38%

-After-hours:  MHK +3.92, +4.13%,

-FSLR -15.83, -7.88%, AMZN -2.29, -2.09%,

-PCE Report Friday at 8:30 am ET...

-Friday EPS reports 7 BMO,

-180 SPX companies in total are scheduled to report EPS this week.

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

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

Day 11 of Q1 Earnings Season continued with 45 SPX company reporting BMO:

First day reaction: Q1 through Apr 27…

Positive:  HAS, META, CMCSA, PNR, CBRE, CHRW, MOH, KLAC, EQT, AFL, CHD, GWW, TYL, ROP, EBAY, ROK, FTI, SPGI, HSY, HON, AVB, LLY, RHI, FIS, MAA, ORLY, NEM, ACGL, NO, MA, LKQ, KIM, AOS, BAX, CNP, MRK, UDR, SO, CMS, AAL, MO, CMG, MSFT, ALLE, CSGP, BXP, UHS, HES, MAS, BRO, CNC, FISV, PEP, PHM, KMB, PCAR, MCO, HCA, PG, CSX, SNA, LRCX, DHI, NUE, STLD, EFX, LVS, MMC, GPC, ISRG, ABT, UAL, TRV, BKR, NDAQ, USB, SYF, LMT, BK, MTB, SCHW, JPM, C, BLK, KMX = 85

Neutral: XEL, DTE, LIN, NOW, TXT, AWK, WST, BMY EW, CAT IEX, HUM, BA, BSX, GOOGL, GOOG, ADP, EQR, V, AMT, OTIS, VZ, IVZ, MCD, MMM, SHW, KO, PPG, UNP, IBM, ALK, DFS, FITB, MS, CFG, BAC, PLD, JBHT, PNC, WFC, FAST = 41

Negative:  ALGN, ABBV, DPZ, KDP, WTW, URI, IP, PXD, DGX, IPG, IQV, LUV, TER, RJF, VLO, TSCO, PTC, WM, ENPH, ODFL, WAB, GD, ILMN, FTV, ETR, HLT, AVY TEL, DOV, JNPR, NSC, TXN, TMO, TDY, MKTX, CME, CB, APH, FRC, MSCI, UPS, NTRS, DHR, GEHC, AMP, PKG, ADM, WHR, DOW, LH, CDNS, GM, BIIB, NVR, HAL, ARE,GLW, GE, NEE, RTX, WRB, SLB, FCX, RF, T, TSLA, STX, CCI, ZION, PM, TFC, KEY, CMA, FFIV, POOL, HBAN, KMI, AXP, ELV, OMC, NFLX, JNJ, GS, STT, UNH, PGR, DAL = 87

Friday: Before – AON, CHTR, CL, CVX, LYB, NWL, XOM,

SPY up 8.05 at 412.41, on 92.9 million shares, above average volume, up on higher volume.

VIX down 1.81 at 17.03

QQQ up 8.48 at 320.35

VZ, HON, DIS, MSFT led the DJIA, 29 advancers, +24

HAS, META, PNR, CBRE led the SPX, 443 advancers

META, LCID, CMCSA, KLAC led the NDX, 84 advancers.

The two-year trend term is sideways.  The one-year trend down.

Up:  QQQ, SPY, DIA, IWM,

Down:

All eleven sectors were higher on Thursday, led by XLC, XLY, XLRE and XLK.

The SPY MFC green line turned up at 81.5 and is short-term bullish.  SPY opened higher, trended up and closed higher.

Uptrend sectors:   XLK, XLC, XLB, XLP, XLV,

Neutral sectors:  XLU, XLI, XLY, XLE, XLF, XLRE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is sideways.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Sideways

84 of 100 NDX stocks closed higher on Thursday.

52 NDX stock are above their 30 DMA:   VRSK, AAPL, MDLZ, PEP, AMZN, CPRT, EA, ISRG, VRTX, AZN, LULU, REGN, BIIB, MNST, GILD, AEP, KHC, ORLY, XEL, EXC, WBA, DLTR, FANG, SBUX, CSX, FISV, COST, CSGP, BKR, DXCM, BKNG, EBAY, MAR, PCAR, TMUS, DDOG, MSFT, MU, NVDA, ROST, ADP, CMCSA, CTAS, FAST, GOOG, GOOGL, HON, IDXX, KLAC, LCID, LRCX, META,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 12

ADP, CMCSA, CTAS, FAST, GOOG, GOOGL, HON, IDXX, KLAC, LCID, LRCX, META,

Moving Below 30 DMA = 2

ALGN, KDP,

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SPX Opens Higher, Closes Lower...MSFT Jumps on EPS...Technology Sector Bounces...After-hours META Positive EPS Reaction

© 2023

 

-SPX -15.64, opened higher, reversed and closed lower.

-SPX faced afternoon selling pressure ahead of META EPS AMC,

-VIX up .08.

-EPS reactions: CMG +229.85, +12.91%, MSFT +19.95, +7.24%,

-ENPH -56.77, -25.73%

-After-hours:  META +24.35, +11.63%,

-URI -21.01, -5.60%, ALGN -28.55, -8.05%

-Thursday EPS reports 45 BMO and 25 AMC,

-Mega-cap AMZN Thursday AMC.

-180 SPX companies in total are scheduled to report EPS this week. 

 

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

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

Day 10 of Q1 Earnings Season continued with 24 SPX company reporting BMO:

First day reaction: Q1 through Apr 26…

Positive:  CMG, MSFT, ALLE, CSGP, BXP, UHS, HES, MAS, BRO, CNC, FISV, PEP, PHM, KMB, PCAR, MCO, HCA, PG, CSX, SNA, LRCX, DHI, NUE, STLD, EFX, LVS, MMC, GPC, ISRG, ABT, UAL, TRV, BKR, NDAQ, USB, SYF, LMT, BK, MTB, SCHW, JPM, C, BLK, KMX = 44

Neutral: HUM, BA, BSX, GOOGL, GOOG, ADP, EQR, V, AMT, OTIS, VZ, IVZ, MCD, MMM, SHW, KO, PPG, UNP, IBM, ALK, DFS, FITB, MS, CFG, BAC, PLD, JBHT, PNC, WFC, FAST = 30

Negative:  ENPH, ODFL, WAB, GD, ILMN, FTV, ETR, HLT, AVY TEL, DOV, JNPR, NSC, TXN, TMO, TDY, MKTX, CME, CB, APH, FRC, MSCI, UPS, NTRS, DHR, GEHC, AMP, PKG, ADM, WHR, DOW, LH, CDNS, GM, BIIB, NVR, HAL, ARE,GLW, GE, NEE, RTX, WRB, SLB, FCX, RF, T, TSLA, STX, CCI, ZION, PM, TFC, KEY, CMA, FFIV, POOL, HBAN, KMI, AXP, ELV, OMC, NFLX, JNJ, GS, STT, UNH, PGR, DAL = 69

Thursday: Before – AAL, ABBV, AOS, BAX, BMY, CAT, CBRE, CHD, CMCSA, CMS, CNP, DGX, DPZ, DTE, FIS, FTI, GWW, HAS, HON, HSY, IP, IPG, IQV, KDP, KIM, LIN, LKQ, LLY, LUV, MA, MO, MRK, NEM, NOC PNR, ROK, ROP, SO, SPGI, TSCO, TXT, VLO, WST, WTW, XEL,  After – AJG, AMGN, AMZN, CINF, COF, CPT, DLR, DXCM, EMN, ESS, FE, FICO,  FSLR, GILD, HIG, INTC, LHX, MDLZ, MHK, PEAK, PFG, RMD, RSG, TMUS, VRSN, WY

SPY down 1.72 at 404.36, on 80.4 million shares, below average volume, down on lower volume.

VIX up .08 at 18.84

QQQ up 1.88 at 311.87

MSFT, INTC, CRM, BA led the DJIA, 5 advancers, -2

CMG, ALLE, MU, PNC led the SPX, 92 advancers

DDOG, LCID, TEAM, CSGP led the NDX, 36 advancers.

The two-year trend term is sideways.  The one-year trend down.

Up:  QQQ,

Down:  SPY, DIA, IWM,

One of eleven sectors was higher on Wednesday, led by XLK and XLY.

The SPY MFC green line is pointed down at 81.4 and is counter-trend defensive.  SPY opened higher, reversed and closed lower.

Uptrend sectors:   XLK, XLC, XLB, XLP, XLV,

Neutral sectors:  XLU, XLI, XLY, XLE, XLF, XLRE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

36 of 100 NDX stocks closed higher on Wednesday.

42 NDX stock are above their 30 DMA:   VRSK, AAPL, MDLZ, PEP, AMZN, CPRT, EA, ISRG, VRTX, AZN, LULU, REGN, BIIB, MNST, KDP, GILD, AEP, KHC, ORLY, XEL, EXC, WBA, DLTR, FANG, SBUX, ALGN, CSX, FISV, COST, CSGP, BKR, DXCM, BKNG, EBAY, MAR, PCAR, TMUS, DDOG, MSFT, MU, NVDA, ROST,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 5

DDOG, MSFT, MU, NVDA, ROST,

Moving Below 30 DMA = 9

AMGN, ATVI, FAST, GOOG, GOOGL, HON, IDXX, ODFL, SGEN,

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SPX Opens Lower, Closes Lower Ahead of MSFT, GOOGL EPS...All Sectors Move Lower...After-hours MSFT +8.45%...

© 2023

-SPX -65.41, opened lower, traded down and closed lower.

-Broad market was weak and faced selling pressure ahead of MSFT, GOOGL EPS,

-VIX up 1.87.

-After-hours:  MSFT +23.26, +8.45%, GOOGL +1.74, +1.68%,

-ENPH -36.60, -16.59%

-Wednesday EPS reports 24 BMO and 26 AMC,

-Mega-cap META Wednesday AMC.

-180 SPX companies in total are scheduled to report EPS this week.

 

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

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

Day 9 of Q1 Earnings Season continued with 28 SPX company reporting BMO:

First day reaction: Q1 through Apr 25…

Positive:  BRO, CNC, FISV, PEP, PHM, KMB, PCAR, MCO, HCA, PG, CSX, SNA, LRCX, DHI, NUE, STLD, EFX, LVS, MMC, GPC, ISRG, ABT, UAL, TRV, BKR, NDAQ, USB, SYF, LMT, BK, MTB, SCHW, JPM, C, BLK, KMX = 36

Neutral: VZ, IVZ, MCD, MMM, SHW, KO, PPG, UNP, IBM, ALK, DFS, FITB, MS, CFG, BAC, PLD, JBHT, PNC, WFC, FAST = 20

Negative:  FRC, MSCI, UPS, NTRS, DHR, GEHC, AMP, PKG, ADM, WHR, DOW, LH, CDNS, GM, BIIB, NVR, HAL, ARE,GLW, GE, NEE, RTX, WRB, SLB, FCX, RF, T, TSLA, STX, CCI, ZION, PM, TFC, KEY, CMA, FFIV, POOL, HBAN, KMI, AXP, ELV, OMC, NFLX, JNJ, GS, STT, UNH, PGR, DAL = 49

Wednesday: Before – ADP, ALLE, AMT, APH, AVY, BA, BSX, CME, DOV, ETR, FTV, GD, HES, HLT, HUM, MAS, MKTX, NSC, ODFL, OTIS, TDY, TEL, TMO, WAB, After – ACGL, AFL, ALGN, AVB, AWK, CHRW, EBAY, EQT, EW, IEX, KLAC, MAA, META, MOH, NOW, ORLY PTC, PXD, RHI, RJF, ROK, TER, TYL, UDR, URI, WM

SPY down 6.55 at 406.08, on 97.7 million shares, above average volume, down on higher volume.

VIX up 1.87 at 18.76

QQQ down 5.96 at 309.99

JNJ, UNH, VZ, MRK led the DJIA, 7 advancers, -14

BRO, CNC, CPB, SJM led the SPX, 87 advancers

FISV, PEP, KDP, TMUS led the NDX, 17 advancers.

The two-year trend term is sideways.  The one-year trend down.

Up: 

Down:  DIA, SPY, QQQ, IWM,

All eleven sectors were lower on Tuesday, led by least weak XLU and XLP.

The SPY MFC green line is pointed down at 87.6 and is counter-trend defensive.  SPY opened lower, traded down before MSFT and GOOGL EPS and closed lower.

Uptrend sectors:   XLK, XLC, XLB, XLP, XLV,

Neutral sectors:  XLU, XLI, XLY, XLE, XLF, XLRE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is down a little.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

17 of 100 NDX stocks closed higher on Tuesday.

46 NDX stock are above their 30 DMA:   SGEN, ATVI, VRSK, AAPL, MDLZ, GOOG, GOOGL, PEP, AMZN, CPRT, EA, ISRG, VRTX, AZN, LULU, REGN, AMGN, BIIB, MNST, KDP, GILD, AEP, KHC, ORLY, XEL, EXC, WBA, DLTR, FANG, SBUX, ALGN, CSX, FISV, COST, CSGP, HON, BKR, DXCM, BKNG, EBAY, IDXX, MAR, FAST, ODFL, PCAR, TMUS,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

TMUS,

Moving Below 30 DMA = 17

ADBE, ANSS, AVGO, CDNS, CMCSA, CTAS, FTNT, ILMN, INTU, LRCX, MELI, META, MSFT, NFLX, NVDA, PAYX, ROST,

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