Monday, July 31, 2023

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 bullishSPY 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 TrendUp


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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