Thursday, May 4, 2023

SPX Closes Lower as VIX Hits 20...Real Estate, Utilities Lead Sectors...BALL, FLT, RCL EPS Gainers...After-hours: AAPL Beats on EPS, Sales...


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-SPX -29.53, opened lower, traded in a range and closed lower.
-SPX closed near it’s Wednesday, April 26 low.
-VIX up 1.75.
-EPS reactions: BALL +7.00, +13.39%, RCL +4.80, +7.16%,
-PARA -6.49, -28.35%, MOS -4.28, -9.98%,
-After-hours:  LYV +4.93, +7.35%, EXPE +5.58, +6.26%, AAPL +4.13, +2.49%,
-MCHP -4.03, -5.30%, BKNG -78.56, -3.02%,
-Friday EPS reports 7 BMO.
-Jobs Report Friday 8:30 am ET


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

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


Day 16 of Q1 Earnings Season continued with 33 SPX companies reporting BMO:

First day reaction: Q1 through May 4…
PositiveBALL, FLT, RCL, CTSH, SEDG, VMC, HST, MLM, EQIX, ATO, MRNA, CEG, SA, ALL, XYL, ICE, PNW, ALB, O, COP, GNRC, AIZ, VRSK, TECH, CLX, TRMB, GRMN, KHC, EMR, PAYC, PSX, TAP, BR, MAR, AME, NXPI, ECL, ZBH, ETN, HWM, ABC, NCLH, ON, L, = 148

Neutral: IRM, IR, PPL, AEP, SRE, WMB, ZTS, QRVO, ES, PH, PCG, GL, SWK, MRO, NI, WELL, OKE, F, BG, EXC, INVH, RE, VRTX, MGM, PFE, PEG, WEC, = 73

Negative:  PARA, MOS, OGN, DINO, CDAY, TFX, BWA, MET, APTV, ETSY, NRG, REGN, APA, QCOM, CTVA, BDX, TRGP, HII, WRK, PWR, ANSS, K, CAH, EL, AMD, SBUX, AMCR, TT, SPG, YUM, XRAY, CVS, MTCH, EXR, PRU, EIX, LUMN, CDW, CZR, JKHY, ANET, LDOS, ZBRA, SEE, INCY, DD, FMC, SBAC, FANG, TROW, ITW, IDXX, MPC, HOLX, VICI, CMI, EXPD, SYK, IT, SYY, GPN, BEN, = 158

Friday: Before – CBOE, CI, D, EPAM, EVRG, JCI, WBD


SPY down 2.89 at 405.13, on 94.8 million shares, above average volume, down ON slightly higher volume.
VIX up 1.75 at 20.09.
QQQ down 1.12 at 316.17

INTC, AMGN, DOW, MSFT led the DJIA, 6 advancers, +1
BALL, FLT, RCL, CTSH led the SPX, 148 advancers
DDOG, CTSH, AMD, OKTA led the NDX, 39 advancers.

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

Up
DownQQQ, SPY, DIA, IWM,

Two of eleven sectors were higher on Thursday, led by XLRE, XLU and XLP.

The SPY MFC green line turned down at 78.0 and is defensiveSPY opened lower, traded lower in a range and closed lower.

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 down

3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market TrendDown


39 of 100 NDX stocks closed higher on Thursday.

35 NDX stock are above their 30 DMA:  AAPL, MDLZ, PEP, AMZN, CPRT, ISRG, VRTX, AZN, LULU, REGN, BIIB, MNST, KHC, ORLY, EXC, DLTR, CSX, FISV, CSGP, EBAY, MAR, MSFT, NVDA, CMCSA, CTAS, FAST, HON, LRCX, META, ABNB, CHTR, VRSK, CTSH, DDOG, INTC,


NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
CTSH, DDOG, INTC,


Moving Below 30 DMA = 5
BKNG, EA, GOOG, GOOGL, MELI,



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