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,

Add Comments here: