SPX Closes Slightly Higher...Energy, Real Estate, Consumer Discretionary Lead Sectors...

© 2023

169 SPX companies report this week including AAPL, AMZN.

Tuesday, day 14 of Q2 Earnings Season with 27 SPX companies reporting BMO: AME, CAT, ECL, ETN, GPN, HWM, IDXX, INCY, IQV, IT, ITW, LDOS, MAR, MO, MPC, MRK, NCLH, PEG, PFE, ROK, RVTY, SWK, SYY, TAP, WEC, ZBH, ZBRA, and 20 AMC: AFL, AIG, AIZ, ALL, AMD, BXP, CZR, DVN, EA, FE, MOS, MTCH, PAYC, PRU, PXD, SBUX, SEDG, STE, VFC, VRTX.

First day reaction: Q2 …

Positive: ON, TROW, NWL, CINF, DLR, INTC, KLAC, FSLR, BEN MDLZ, EIX, PG, ESS, DXCM, CHD, ALGN, TXT, LRCX, RCL, STX, CMCSA, ABBV, IP, META, CARR, TSCO, WAB, KDP, IEX, PNR, AMT, MCD, UNP, BA, ODFL, GOOGL, ADP, CB,, APH, EQT, CME, OTIS, FTV, TEL, GD, KO, PKG, MSCI, GE, PHM, FFIV, MMM, NXPI, ADM, SHW, BRO, GLW, NVR, DOW, MCO, ROP, ZION, JNJ, ABT, KEY, UAL FCX, FITB, MKTX, IBM, KMI, TRV, MMC, NTRS, USB, CFG, ELV, JBHT, MTB, SCHW, MS, BAC, BK PNC, SYF, UNH, PEP = 88

Neutral: L, TMUS, PEAK, AJG, CVX, VRSN, PTC, MAS, AWK, BSX, VLO, NSC, URI, LIN, TMO, T, HES, HLT, V, VZ, ARE, NEE, GEHC, DHR, DPZ, COF, WRB, PPG, HBAN, PM, GS, BKR, JPM, WFC, CAG, CTAS, DAL = 37

Negative:  LYV, ENPH, JNPR, MHK, CNC, AON, HIG, PFG, F, CL, EMN, EQR, WY, XOM, MTD, CHTR, EBAY, CMG, EW, LUV, ROL, WTW, SPGI, BAX, WST, FTI, LHX, TYL, CBRE, HON, GWW, ORLY, UDR, BMY, LKQ, TER, XEL, NOW, MLM, ACGL, CMS, HSY, KIM, CNP, AEP, NOC, GL, VICI, MAA, HCA, RJF, MA, EG, AOS, INVH, PCG, AMP, DTE, LH, MOH, CSGP, ALLE, TDY, DGX, RHI, UHS, TXN, WM, MSFT, PI,  RTX, ALK, IVZ, LW, DOV, GM, KMB, WHR, PCAR, BIIB, AVY, CDNS, IPG, CMA, AXP, CSX, ISRG, RF, SLB, DFS, TSLA, EFX, NFLX, GPC, SNA, TFC, AAL, NEM, LVS, CCI, STLD, DHI, POOL, OMC, HAL, NDAQ, HAS, LMT, PLD, STT, C, BLK, PGR, FAST = 115

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

SPY up .87 at 457.79, on 62.0 million shares, below average volume, up on lower volume.  

VIX up .30 at 13.63

QQQ up .20 at 383.68,

DIS, CVX, AXP, DOW led the DJIA, 17 advancers, -5

PARA, URI, NFLX, HAS led the SPX, 301 advancers

TEAM, DDOG, CRWD, ADBE led the NDX, 57 advancers.

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

Up:  IWM, DIA, SPY, QQQ,

Down: 

Eight of eleven sectors were higher on Monday, led by XLE, XLRE and XLY. 

The SPY MFC green line is pointed up at 90.1 and is short-term bullish.  SPY opened higher, traded in a range and closed higher.

Uptrend sectors:   XLK, XLC, XLY, XLI, XLF, XLB, XLRE,

Neutral sectors:  XLV, XLP, XLU, XLE,

Down trend sectors: 

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

57 of 100 NDX stocks closed higher on Monday.

82 NDX stock are above their 30 DMA:  AAPL, NVDA, CEG, META, TTD, VRSK, FTNT, AVGO, WDAY, ADBE, PANW, NXPI, COST, PDD, BKR, CSX, MCHP, ABNB, PCAR, SIRI, ADI, INTU, ROST, ODFL, IDXX, PYPL, ON, DLTR, ADP, CHTR, CMCSA, EA, EXC, DDOG, MAR, LCID, PAYX, BKNG, FANG, AMGN, ANSS, CTAS, MRVL, SBUX, SNPS, ZM, PDD, QCOM, KDP, CSCO, FAST, KHC, MRNA, PEP, JD, ADI, CRWD, INTC, MU, GOOGL, LRCX, ZS, ALGN, AMAT, KLAC, REGN, ADSK, AMZN, ASML, AZN, ILMN, MDLZ, MELI, PANW, TEAM, TXN, VRTX, WBD, AMD, CTSH, GFS, LULU, NFLX,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 5

AMD, CTSH, GFS, LULU, NFLX,

Moving Below 30 DMA = 5

AEP, CSX, DXCM, MNST, TMUS,

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SPX Opens Higher Closes Higher...Mega Caps Lift Stocks...Communication Services, Consumer Discretionary, Technology Lead Sectors...

© 2023 

-Breadth was stronger on Friday.

-Core PCE 4.1% vs 4.2% est. vs 4.6% prior, lower than expected.

-SPX +44.82

-EPS Gainers: KLAC +28.66, +5.94%, FSLR +9.60, +4.83%,

-AAPL +2.61, 195.83, re-breakout.

-TSLA +10.73, +4.20%, bounce at short-term support, close below 30 DMA.

-Regional banks were higher: KRE +.69, +1.44%, ZION +1.08, +2.87%. 

169 SPX companies report next week including AAPL, AMZN.

Monday, day 13 of Q2 Earnings Season with 2 SPX companies reporting BMO: L, ON, and 9 AMC: ANET, AVB, ES, FANG, HOLX, RSG, SBAC, WDC, WELL.

First day reaction: Q2 …

Positive: TROW, NWL, CINF, DLR, INTC, KLAC, FSLR, BEN MDLZ, EIX, PG, ESS, DXCM, CHD, ALGN, TXT, LRCX, RCL, STX, CMCSA, ABBV, IP, META, CARR, TSCO, WAB, KDP, IEX, PNR, AMT, MCD, UNP, BA, ODFL, GOOGL, ADP, CB,, APH, EQT, CME, OTIS, FTV, TEL, GD, KO, PKG, MSCI, GE, PHM, FFIV, MMM, NXPI, ADM, SHW, BRO, GLW, NVR, DOW, MCO, ROP, ZION, JNJ, ABT, KEY, UAL FCX, FITB, MKTX, IBM, KMI, TRV, MMC, NTRS, USB, CFG, ELV, JBHT, MTB, SCHW, MS, BAC, BK PNC, SYF, UNH, PEP = 87

Neutral: TMUS, PEAK, AJG, CVX, VRSN, PTC, MAS, AWK, BSX, VLO, NSC, URI, LIN, TMO, T, HES, HLT, V, VZ, ARE, NEE, GEHC, DHR, DPZ, COF, WRB, PPG, HBAN, PM, GS, BKR, JPM, WFC, CAG, CTAS, DAL = 36

Negative:  LYV, ENPH, JNPR, MHK, CNC, AON, HIG, PFG, F, CL, EMN, EQR, WY, XOM, MTD, CHTR, EBAY, CMG, EW, LUV, ROL, WTW, SPGI, BAX, WST, FTI, LHX, TYL, CBRE, HON, GWW, ORLY, UDR, BMY, LKQ, TER, XEL, NOW, MLM, ACGL, CMS, HSY, KIM, CNP, AEP, NOC, GL, VICI, MAA, HCA, RJF, MA, EG, AOS, INVH, PCG, AMP, DTE, LH, MOH, CSGP, ALLE, TDY, DGX, RHI, UHS, TXN, WM, MSFT, PI,  RTX, ALK, IVZ, LW, DOV, GM, KMB, WHR, PCAR, BIIB, AVY, CDNS, IPG, CMA, AXP, CSX, ISRG, RF, SLB, DFS, TSLA, EFX, NFLX, GPC, SNA, TFC, AAL, NEM, LVS, CCI, STLD, DHI, POOL, OMC, HAL, NDAQ, HAS, LMT, PLD, STT, C, BLK, PGR, FAST = 115

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

SPY up 4.43 at 456.92, on 80.0 million shares, average volume, up on lower volume.  

VIX down 1.08 at 13.33

QQQ up 6.86 at 383.48,

INTC, PG, MSFT, BA led the DJIA, 22 advancers, +13

TROW, NWL, CINF, DLR led the SPX, 338 advancers

LCID, JD, INTC, SIRI led the NDX, 86 advancers.

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

Up:  QQQ, IWM, SPY, DIA,

Down: 

Nine of eleven sectors were higher on Friday, led by XLC, XLY and XLK.

The SPY MFC green line turned up at 89.8 and is short-term bullish.  SPY opened higher, traded in a range and closed higher.

Uptrend sectors:   XLK, XLC, XLY, XLI, XLF, XLB, XLRE,

Neutral sectors:  XLV, XLP, XLU, XLE,

Down trend sectors: 

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

86 of 100 NDX stocks closed higher on Friday.

82 NDX stock are above their 30 DMA:  AAPL, NVDA, CEG, META, TTD, VRSK, FTNT, AVGO, WDAY, ADBE, PANW, NXPI, COST, PDD, BKR, CSX, MCHP, ABNB, PCAR, SIRI, ADI, INTU, ROST, ODFL, IDXX, PYPL, ON, DLTR, ADP, CHTR, CMCSA, EA, EXC, DDOG, MAR, TMUS, LCID, PAYX, BKNG, FANG, AMGN, ANSS, CTAS, MRVL, SBUX, SNPS, ZM, PDD, QCOM, KDP, CSCO, FAST, KHC, MRNA, PEP, JD, MNST, ADI, CRWD, INTC, MU, GOOGL, LRCX, ZS, ALGN, AMAT, KLAC, REGN, ADSK, AEP, AMZN, ASML, AZN, CSX, DXCM, ILMN, MDLZ, MELI, PANW, TEAM, TXN, VRTX, WBD,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 15

ADSK, AEP, AMZN, ASML, AZN, CSX, DXCM, ILMN, MDLZ, MELI, PANW, TEAM, TXN, VRTX, WBD,

Moving Below 30 DMA = 3

CDNS, CTSH, WBA,

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GDP, Durable Goods Better than Expected...SPX Falls after BOJ Announcement on Possible Policy Changes...ALGN, LRCX, RCL, META Gain after EPS...After-hours KLAC, FSLR Rise...

© 2023

-Breadth was weaker on Thursday.

-GDP 2.4% vs 1.8%, higher than expected.

-Durable Goods Orders M/M 4.7% vs 0.5% better than expected.

-Dollar falls against the Yen and US stocks fall at 1 pm ET after BOJ announces

-possible tweak to yield-curve control policy, SPX -29.34

-EPS Gainers: ALGN +45.46, +12.84%, LRCX +59.58, +9.28%,

-RCL +8.80, +8.72%, META +13.38, +4.40%,

-AAPL -1.28, 193.22, breakout test.

-TSLA -8.64, -3.27%, at short-term support, close below 30 DMA.

-Regional banks were lower: KRE -.83, -1.70%, ZION -.84, -2.18%.

-After-hours EPS: KLAC +24.50, +5.35%, FSLR +14.70, +7.39%. 

Friday, day 12 of Q2 Earnings Season with 11 SPX companies reporting BMO: AON, BEN, CHD, CHTR, CL, CNC, CVX, NWL, PG, TROW, XOM.

166 SPX companies report this week.

First day reaction: Q2 …

Positive:  ALGN, TXT, LRCX, RCL, STX, CMCSA, ABBV, IP, META, CARR, TSCO, WAB, KDP, IEX, PNR, AMT, MCD, UNP, BA, ODFL, GOOGL, ADP, CB,, APH, EQT, CME, OTIS, FTV, TEL, GD, KO, PKG, MSCI, GE, PHM, FFIV, MMM, NXPI, ADM, SHW, BRO, GLW, NVR, DOW, MCO, ROP, ZION, JNJ, ABT, KEY, UAL FCX, FITB, MKTX, IBM, KMI, TRV, MMC, NTRS, USB, CFG, ELV, JBHT, MTB, SCHW, MS, BAC, BK PNC, SYF, UNH, PEP = 73

Neutral: PTC, MAS, AWK, BSX, VLO, NSC, URI, LIN, TMO, T, HES, HLT, V, VZ, ARE, NEE, GEHC, DHR, DPZ, COF, WRB, PPG, HBAN, PM, GS, BKR, JPM, WFC, CAG, CTAS, DAL = 31

Negative:  EBAY, CMG, EW, LUV, ROL, WTW, SPGI, BAX, WST, FTI, LHX, TYL, CBRE, HON, GWW, ORLY, UDR, BMY, LKQ, TER, XEL, NOW, MLM, ACGL, CMS, HSY, KIM, CNP, AEP, NOC, GL, VICI, MAA, HCA, RJF, MA, EG, AOS, INVH, PCG, AMP, DTE, LH, MOH, CSGP, ALLE, TDY, DGX, RHI, UHS, TXN, WM, MSFT, PI,  RTX, ALK, IVZ, LW, DOV, GM, KMB, WHR, PCAR, BIIB, AVY, CDNS, IPG, CMA, AXP, CSX, ISRG, RF, SLB, DFS, TSLA, EFX, NFLX, GPC, SNA, TFC, AAL, NEM, LVS, CCI, STLD, DHI, POOL, OMC, HAL, NDAQ, HAS, LMT, PLD, STT, C, BLK, PGR, FAST = 99

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

SPY down 3.02 at 452.49, on 92.1 million shares, above average volume, down on higher volume.  

VIX up 1.22 at 14.41

QQQ down .90 at 376.62,

DOW, IBM, MCD, JNJ led the DJIA, 9 advancers, -10

TXT, RCL, STX, WDC led the SPX, 119 advancers

ALGN, LRCX, CMCSA, MU led the NDX, 35 advancers.

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

Up: 

Down:  QQQ, SPY, DIA, IWM,

One of eleven sectors was higher on Thursday, led by XLC, XLK and XLE.

The SPY MFC green line is pointed down at 88.8 and is counter-trend defensive.  SPY open higher, reversed after BOJ indicated it may tweak it’s yield curve and closed lower.

Uptrend sectors:   XLK, XLC, XLY, XLI, XLF, XLB, XLRE,

Neutral sectors:  XLV, XLP, XLU, XLE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down a little

35 of 100 NDX stocks closed higher on Thursday.

70 NDX stock are above their 30 DMA:  AAPL, NVDA, CEG, META, TTD, VRSK, FTNT, AVGO, WDAY, ADBE, PANW, NXPI, COST, PDD, BKR, CSX, MCHP, ABNB, PCAR, SIRI, ADI, INTU, ROST, ODFL, IDXX, PYPL, ON, DLTR, ADP, CHTR, CMCSA, EA, EXC, CTSH, DDOG, MAR, TMUS, LCID, PAYX, BKNG, FANG, AMGN, ANSS, CTAS, MRVL, SBUX, SNPS, ZM, PDD, QCOM, KDP, CSCO, FAST, KHC, MRNA, PEP, JD, MNST, ADI, CRWD, INTC, MU, WBA, GOOGL, LRCX, ZS, ALGN, AMAT, CDNS, KLAC, REGN,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

ALGN, AMAT, CDNS, KLAC, REGN,

Moving Below 30 DMA = 13

ADSK, AEP, DXCM, EBAY, ENPH, HON, LULU, MDLZ, ORLY, TEAM, VRTX, WBD, XEL,

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SPX Closes Flat after FOMC Raises 25bps as Expected...Communication Services, Industrials, Financial Lead Sectors...GOOGL UP, MSFT Down...After-hours: ALGN, META Soar on EPS Reaction...

© 2023

-Breadth was mixed on Wednesday.

-New Home Sales 697 K vs 727 K, lower than expected.

-FOMC raised the Fed Funds rate 25bps as expected.

-FOMC press conference prompted a rally and selloff, with SPX -0.71

-GOOGL +7.06, +5.78%, MSFT -13.21, -3.76%.

-After-hours EPS: META +20.72, +6.96%, ALGN +43.65, +12.84%,

-AAPL +.88, 194.50, breakout and bull flag setup.

-TSLA -.93, -0.35%, bull flag bounce pause, close below 30 DMA.

-Regional banks rallied: KRE +2.21, 4.74%, ZION +2.67, +7.46%.

Thursday day 11 of Q2 Earnings Season with 42 SPX companies reporting BMO: ABBV, AEP, AMT, AOS, BAX, BMY, BSX, CARR, CBRE, CMCSA, CMS, CNP, DTE, FTI, GWW, HCA, HON, HSY IP, KDP, KIM, LH, LIN, LKQ, LUV, MA, MAS, MCD, MLM, NOC, NSC, PCG, PNR, RCL, SPGI, TSCO, TXT, VLO, WAB, WST, WTW, XEL…and 24 AMC:  AJG, CINF, DLR, DXCM, EIX, EMN, ENPH, EQR, ESS, F, FSLR, HIG, INTC, JNPR, KLAC, LYV, MDLZ, MHK, MTD, PEAK, PFG, TMUS, VRSN, WY.

166 SPX companies report this week.

First day reaction: Q2 …

Positive:  UNP, BA, ODFL, GOOGL, ADP, CB,, APH, EQT, CME, OTIS, FTV, TEL, GD, KO, PKG, MSCI, GE, PHM, FFIV, MMM, NXPI, ADM, SHW, BRO, GLW, NVR, DOW, MCO, ROP, ZION, JNJ, ABT, KEY, UAL FCX, FITB, MKTX, IBM, KMI, TRV, MMC, NTRS, USB, CFG, ELV, JBHT, MTB, SCHW, MS, BAC, BK PNC, SYF, UNH, PEP = 56

Neutral: TMO, T, HES, HLT, V, VZ, ARE, NEE, GEHC, DHR, DPZ, COF, WRB, PPG, HBAN, PM, GS, BKR, JPM, WFC, CAG, CTAS, DAL = 23

Negative:  CSGP, ALLE, TDY, DGX, RHI, UHS, TXN, WM, MSFT, PI,  RTX, ALK, IVZ, LW, DOV, GM, KMB, WHR, PCAR, BIIB, AVY, CDNS, IPG, CMA, AXP, CSX, ISRG, RF, SLB, DFS, TSLA, EFX, NFLX, GPC, SNA, TFC, AAL, NEM, LVS, CCI, STLD, DHI, POOL, OMC, HAL, NDAQ, HAS, LMT, PLD, STT, C, BLK, PGR, FAST = 55

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

SPY up .07 at 455.51, on 70.9 million shares, below average volume, up on higher volume.  

VIX down .67 at 13.19

QQQ down 1.26 at 377.52,

BA, MMM, HD, KO led the DJIA, 19 advancers, +2

UNP, ZION, KEY, CMA led the SPX, 267 advancers

ODFL, GOOGL, ADP, LCID led the NDX, 42 advancers.

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

Up:  IWM, DIA, SPY,

Down:  QQQ,

Five of eleven sectors were higher on Wednesday, led by XLB, XLK and XLE. 

The SPY MFC green line is pointed down at 90.9 and is counter-trend defensive.  SPY closed flat.

Uptrend sectors:   XLK, XLC, XLY, XLI, XLF, XLB, XLRE,

Neutral sectors:  XLV, XLP, XLU, XLE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

74 of 100 NDX stocks closed higher on Wednesday.

78 NDX stock are above their 30 DMA:  AAPL, NVDA, CEG, META, TTD, VRSK, FTNT, AVGO, WDAY, ADBE, PANW, NXPI, COST, PDD, BKR, CSX, MCHP, ABNB, HON, PCAR, SIRI, ADI, INTU, ROST, ODFL, IDXX, PYPL, ON, ORLY, DLTR, ADP, CHTR, CMCSA, EA, EXC, CTSH, DDOG, MAR, TMUS, LCID, AEP, PAYX, BKNG, FANG, ADSK, AMGN, ANSS, CTAS, EBAY, ENPH, LULU, MRVL, SBUX, SNPS, VRTX, ZM, PDD, QCOM, KDP, CSCO, FAST, KHC, MDLZ, MRNA, PEP, XEL, JD, MNST, ADI, CRWD, INTC, MU, WBA, GOOGL, LRCX, DXCM, TEAM, ZS, WBD,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 1

WBD,

Moving Below 30 DMA = 6

CDNS, CPRT, CSGP, GEHC, MSFT, TXN,

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