SPX Closes Higher on Bull Flag Bounce...Energy, Financial, Real Estate Lead Sectors...TSLA Bounces Back...FOMC on Wednesday...

 

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-Breadth was stronger on Monday.

-Tuesday Consumer Confidence 10 am ET.

-Wednesday FOMC announcement 2 pm ET, Press conference 2:30 pm ET.

- EPS: MSFT, GOOGL Tuesday AMC,

- META EPS Wednesday AMC. 

-AAPL +.81, 192.75, breakout and bull flag setup.

-TSLA +9.04, + 3.48%, bull flag bounce, 30 DMA breakout.

-Regional banks were rose: KRE +1.17, +2.52%, ZION +.94, +2.60%. 

Tuesday day 9 of Q2 Earnings Season with 24 SPX companies reporting BMO: ADM, ALK, AVY, BIIB, DHR, DOV, DOW, GE, GEHC, GLW, GM, IVZ, KMB, LW, MCO, MMM, MSCI, NEE, NVR, PCAR PHM, RTX SHW, VZ…and 11 AMC:  CB, CSGP, EQT, GOOG, GOOGL, MSFT, RHI TXN, UHS, V, WM.

167 SPX companies report this week.

First day reaction: Q2 …

Positive:  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 = 27

Neutral: DPZ, COF, WRB, PPG, HBAN, PM, GS, BKR, JPM, WFC, CAG, CTAS, DAL = 13

Negative:  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 = 33

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

SPY up 2.02 at 454.20, on 54.0 million shares, below average volume, up on lower volume.  

VIX up .31 at 13.86

QQQ up .60 at 376.23,

GS, CVX, JPM, BA led the DJIA, 21 advancers, +2

BDX, KEY, CCI, FCX led the SPX, 293 advancers

LCID, PDD, JD, TSLA led the NDX, 49 advancers.

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

Up:  DIA, SPY, IWM, QQQ,

Down: 

Nine of eleven sectors were higher on Monday, led by XLE, XLF and XLRE. 

The SPY MFC green line is pointed down at 91.7 and is counter-trend defensive.  SPY opened and closed slightly 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: Sideways

49 of 100 NDX stocks closed higher on Monday.

83 NDX stock are above their 30 DMA:  AAPL, CSGP, 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, GEHC, PAYX, BKNG, FANG, ADSK, AMGN, ANSS, CDNS, CTAS, EBAY, ENPH, LULU, MRVL, SBUX, SNPS, TXN, VRTX, ZM, MSFT, PDD, QCOM, KDP, GILD, CSCO, MELI, FAST, KHC, MDLZ, MRNA, PEP, XEL, JD, MNST, ADI, CRWD, INTC, MU, WBA, GOOGL, LRCX, SGEN, TSLA,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 4

GOOGL, LRCX, SGEN, TSLA,

Moving Below 30 DMA = 8

AMZN, CPRT, DXCM, GFS, ISRG, TEAM, WBD, ZS,

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