SPX Rally after AAPL EPS and Strong Job Report...Energy, Technology, Financial Lead All Sectors Higher...Regional Banks Bounce...

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-SPX +75.03, opened higher, strong rally and closed higher.

-SPX’s strong rally closed above Wednesdays open.

-VIX down 2.90.

-Regional Bank stocks rally led by PACW, WAL, ZION, CMA, KEY, TFC

-EPS reactions: LYV +10.09, +15.04%, AAPL +7.78, +4.69%,

-EPAM -27.94, -10.33%, BKNG -34.27, -1.32%,

-Jobs Report 253K vs 178K est., > than expected.

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

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

Day 17 of Q1 Earnings Season continued with 7 SPX companies reporting BMO:

First day reaction: Q1 through May 5…

Positive:  LYV, AIG, CI, JCI, FTNT, EXPE, AAPL, WBD, CTRA, MNST, EOG, PODD, REG, ED, BALL, 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, = 162

Neutral: AES, AEE, EVRG, LNT, FRT, D, CBOE, 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, = 80

Negative:  BIO, EPAM, MTC, MSI, BKNG, MCHP, 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, = 164

SPY up 7.50 at 412.63, on 87.8 million shares, above average volume, up on slightly lower volume.

VIX down 2.90 at 17.19.

QQQ up 6.72 at 322.89

AAPL, DIS, V, CRM led the DJIA, 29 advancers, +23

ZION, CMA, LYV, KEY led the SPX, 457 advancers

FTNT, TSLA, FANG, LCID led the NDX, 92 advancers.

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

Up:  IWM, QQQ, SPY, DIA,

Down:

All eleven sectors were higher on Friday, led by XLE, XLK and XLF.

The SPY MFC green line is pointed down at 74.5 and is defensive.  SPY opened higher, traded higher throughout the day and closed higher.

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 sideways.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Sideways

92 of 100 NDX stocks closed higher on Friday.

51 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, AMAT, ASML, AVGO, COST, DXCM, EA, GOOG, GOOGL, IDXX, KLAC, LCID, MRVL, MU, PCAR, PYPL, SBUX, XEL,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 17

AMAT, ASML, AVGO, COST, DXCM, EA, GOOG, GOOGL, IDXX, KLAC, LCID, MRVL, MU, PCAR, PYPL, SBUX, XEL,

Moving Below 30 DMA = 1

INTC,

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