Monday, May 1, 2023

SPX Trading Range Flat Close...Industrials, Health Care Lead Sectors...FOMC on Wed...AAPL EPS on Thursday AMC...


© 2023


-SPX -1.61, opened flat, closed flat and formed a Tombstone doji.
-SPX is a breakout setup,
-VIX up .30.
-EPS reactions: NCLH +1.19, +8.91%, ON +6.37, +8.85%,
-GPN -9.71, --8.62%,
-After-hours:  NXPI +7.49, +4.51%,
-ANET -11.16, -6.97%, SYK -14.69, -4.90%,
-Tuesday EPS reports 24 BMO and 17 AMC.
-FOMC announcement Wednesday 2:00 pm ET, press conference 2:30 pm
-Thursday AMC – AAPL eps
-Jobs Report Friday 8:30 am ET


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

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


Day 13 of Q1 Earnings Season continued with 6 SPX companies reporting BMO:

First day reaction: Q1 through May 1…

PositiveNCLH, 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 = 107

Neutral: 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 = 47

Negative:  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 = 98

Tuesday: Before – ABC, AME, BR, CMI, DD, ECL, ETN EXPD, HWM, IDXX INCY, IT, ITW, LDOS, MAR, MPC, PEG, PFE, SEE, SYY, TAP, TROW, ZBH, ZBRA, After – AIZ, AMCR, AMD, CLX, CZR, EIX, EXR, F, JKHY, LUMN, MTCH, OKE, PAYC, PRU, SBUX, SPG, WELL


SPY down .42 at 415.51, on 62.1 million shares, below average volume, down slightly on lower volume.
VIX up .30 at 16.08.
QQQ down .37 at 322.19

JPM, NKE, MRK, UNH led the DJIA, 11 advancers, -15
NCLH, ON, L, CHRW led the SPX, 260 advancers
NVDA, MCHP, BIIB, CSX led the NDX, 50 advancers.

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

Up:  IWM,
DownSPY, QQQ, DIA,

Five of eleven sectors were higher on Monday, led by XLI, XLV and XLU.

The SPY MFC green line is pointed up at 83.8 and is short-term bullish.  SPY opened flat, traded in a range and closed flat.

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 up a little.

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


50 of 100 NDX stocks closed higher on Monday.

55 NDX stock are above their 30 DMA:   VRSK, AAPL, MDLZ, PEP, AMZN, CPRT, EA, ISRG, VRTX, AZN, LULU, REGN, BIIB, MNST, AEP, KHC, ORLY, XEL, EXC, DLTR, FANG, SBUX, CSX, FISV, CSGP, BKR, DXCM, BKNG, EBAY, MAR, PCAR, MSFT, MU, NVDA, ROST, ADP, CMCSA, CTAS, FAST, GOOG, GOOGL, HON, IDXX, KLAC, LRCX, META, ABNB, CHTR, INTU, MELI, PAYX, PYPL, AVGO, CDNS, CTSH,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
AVGO, CDNS, CTSH,


Moving Below 30 DMA = 6
ADBE, COST, INTC, LCID, NFLX, WBA,




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