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

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-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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