SPX Opens Flat, Closes Higher at 52-week High...Technology, Financial, Energy Lead Sectors...IBM, NFLX, TSLA Report EPS Wednesday AMC...

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- Retail Sales 0.2% vs. 0.5% forecast.

-Breadth was stronger on Tuesday.

-AAPL -0.26, 193.73, bull flag bounce continuation pause.

-TSLA +2.96, +1.02%, EPS Wednesday AMC.

-Regional banks rise: KRE +1.85, +4.22%, ZION +1.07, +3.41%.

Wednesday of Q2 Earnings Season with 9 SPX companies reporting BMO: BKR, CFG, ELV, GS, HAL, MTB, NDAQ, NTRS, USB… AMC: CCI, DFS, EFX, IBM, KMI, LVS, NFLX, STLD, TSLA, UAL ZION.

60 SPX companies report this week.

First day reaction: Day 4, Tuesday July 18, 21 reports Q2 …

Positive:   SCHW, MS, BAC, BK PNC, SYF, UNH, PEP = 8

Neutral: JPM, WFC, CAG, CTAS, DAL = 5

Negative:  HAS, LMT, PLD, STT, C, BLK, PGR, FAST = 8

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

SPY up 3.35 at 454.19, on 80.7 million shares, above average volume, up on higher volume.

VIX down .18 at 13.30

QQQ up 3.13 at 385.74,

MSFT, UNH, GS, VZ led the DJIA, 21 advancers, +5

SCHW, CZR, MS, MOS led the SPX, 317 advancers

SIRI, NFLX, TEAM, WBD led the NDX, 60 advancers.

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

Up:  IWM, DIA, QQQ, SPY,

Down: 

Eight of eleven sectors were higher on Tuesday, led by XLK, XLF and XLE. 

The SPY MFC green line turned up at 96.3 and is short-term bullish.  SPY was an open flat trend higher day.

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

60 of 100 NDX stocks closed higher on Tuesday.

88 NDX stock are above their 30 DMA:  AAPL, AMZN, ISRG, CSGP, NVDA, CEG, META, TTD, VRSK, FTNT, NFLX, AVGO, TSLA, WDAY, ADBE, PANW, NXPI, COST, PDD, BKR, CSX, DXCM, MCHP, ABNB, HON, PCAR, ALGN, SIRI, ADI, INTU, ROST, ODFL, IDXX, PYPL, ON, ORLY, DLTR, ADP, CHTR, CMCSA, EA, EXC, GFS, CTSH, DDOG, MAR, TMUS, LCID, AEP, GEHC, PAYX, BKNG, FANG, ADSK, AMGN, ANSS, CDNS, CPRT, CTAS, EBAY, ENPH, INTC, LULU, MRVL, SBUX, SNPS, TEAM, TXN, VRTX, ZM, ASML, LRCX, MSFT, PDD, QCOM, SGEN, AMAT, CRWD, GOOGL, KDP, KLAC, PANW, GILD, AMD, CSCO, ZS, MELI, WBD,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 2

MELI, WBD,

Moving Below 30 DMA = 4

FAST, JD, PEP, XEL,

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