SPX Falls During FOMC Press Conference, Closes Lower...All Sectors Lower...EPS: GNRC Up, EL, AMD, SBUX Down...AAPL Reports Thursday AMC...

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-SPX -28.83, opened higher, dropped 45 points during FOMC press conference,

-and closed lower.

-SPX closed near Tuesday’s low.

-VIX up .56.

-EPS reactions: GNRC +11.94, +11.61%, AIZ +11.21, +9.28%,

-EL -42.52, -17.34%, AMD -8.29, -9.22%, SBUX -10.50, -9.17%,

-After-hours:  SEDG +23.18, +8.79%, QRVO +7.38, +7.88%,

-QCOM -7.33, -6.50%,

-Thursday EPS reports 33 BMO and 20 AMC.

-Thursday AMC – AAPL eps

-Jobs Report Friday 8:30 am ET 

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

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

Day 15 of Q1 Earnings Season continued with 18 SPX companies reporting BMO:

First day reaction: Q1 through May 3…

Positive:  GNRC, AIZ, VRSK, TECH, CLX, TRMB, GRMN, KHC, EMR, PAYC, PSX, TAP, BR, MAR, AME, NXPI, ECL, ZBH, ETN, HWM, ABC, NCLH, ON, L, 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 = 128

Neutral: NI, WELL, OKE, F, BG, EXC, INVH, RE, VRTX, MGM, PFE, PEG, WEC, 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 = 59

Negative:  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, 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 = 135

Thursday: Before – AEP, APTV, BALL, BDX, BWA, CAH, CEG, COP, DINO, HII, ICE, IRM, K, MLM, MRNA, NRG, OGN, PARA, PCG, PH, PNW, PPL, PWR, RCL, REGN, SRE, SWK, TFX, TRGP, VMC, WRK, XYL, ZTS, After – AAPL, AEE, AES, AIG, BIO, BKNG, CTRA, ED, EOG, EXPE, FRT, FTNT, LNT, LYV, MCHP, MNST, MSI, MTD, PODD REG,

SPY down 2.82 at 408.02, on 91.5 million shares, above average volume, down lower volume.

VIX up .56 at 18.34.

QQQ down 2.09 at 317.29

INTC, VZ, MRK, DIS led the DJIA, 5 advancers, +2

GNRC, AIZ, TECH, LLY led the SPX, 146 advancers

VRSK, DDOG, IDXX, KHC led the NDX, 41 advancers.

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

Up:  IWM,

Down:  QQQ, SPY, DIA,

All eleven sectors were lower on Wednesday, least weak were XLV, XLU and XLI.

The SPY MFC green line is pointed up at 84.8 and is short-term bullish.  SPY opened slightly higher, reversed lower after FOMC press conference 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 Trend: Down

41 of 100 NDX stocks closed higher on Wednesday.

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

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 2

MELI, VRSK,

Moving Below 30 DMA = 8

ADP, DXCM, INTU, MU, PCAR, ROST, SBUX, XEL,

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