SPX Closes Slightly Lower as Earnings Season Begins with Positive Reactions from JPM, C, BLK...Financial Leads Sectors...

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-SPX -8.58 opened higher trended up, a ST BO, closed higher.

-Retail Sales below expectations

-Consumer Sentiment 63.5 vs. 62.0 est.

-Again, SPX falls after Fed speak from Goolsbee and Waller

-Like Mr. Toad’s Wild Ride the SPX moves 144 points to close down -8.58.

-VIX down .73, a 52-week low.

-Earnings Season starts JPM +7.55%, C +4.78%, BLK +3.07% SPX top gainers 

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

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

SPY down 1.01 at 412.46, on 86.4 million shares, below average volume, down on higher volume.

VIX down .73 at 17.03, a 52-week low

QQQ down .60 at 318.57

JPM, GS, CAT, V led the DJIA, 10 advancers, -18

JPM, C, BAC, BLK, VFC led the SPX, 168 advancers

FAST, ODFL, PCAR, MAR led the NDX, 32 advancers.

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

Up: 

Down:  QQQ, SPY, DIA, IWM,

Three of eleven sectors were higher on Friday, led by XLF, XLE and XLY.

The SPY MFC green line is pointed up at 92.7 and is short-term bullish.  SPY opened lower, tested Thursday’s BO, closed above prior short-term resistance.

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 up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

32 of 100 NDX stocks closed higher on Friday.

74 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, PANW, FTNT, ATVI, VRSK, AAPL, ILMN, INTC, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, AMZN, CPRT, EA, INTU, ISRG, TXN, VRTX, ASML, AZN, LULU, REGN, WDAY, AMGN, BIIB, MNST, NFLX, CTAS, KDP, GILD, AEP, CMCSA, KHC, ORLY, TMUS, XEL, EXC, WBA, CTSH, DLTR, FANG, MRNA, SBUX, SIRI, ALGN, CSX, FISV, MU, COST, CSGP, HON, BKR, CRWD, DXCM, ADI, BKNG, CSCO, EBAY, IDXX, MAR, PYPL, TEAM, FAST, ODFL, PCAR,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 3

FAST, ODFL, PCAR,

Moving Below 30 DMA = 5

ADP, AMD, LCID, RIVN, ZM,

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