SPX Trading Range Closes Slightly Lower, Health Care Consumer Stapes, Consumer Dicretionary Lead Sectors...Consumer Sentiment at 22-month High...

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- Consumer Sentiment 72.6 vs, 65.5 forecast, at 22-month high.

-Breadth was weaker on Friday.

-AAPL +0.15, 190.69, bull flag bounce continuation.

-TSLA +3.48, +1.25%, bounce continuation.

-Regional banks pulled back: KRE -.82, -1.87%, ZION -1.30, -4.06%.

 

Day 2 of Q2 Earnings Season with six SPX companies reported BMO:

First day reaction: Q2 …

Positive:   UNH, PEP = 2

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

Negative:  STT, C, BLK, PGR, FAST = 5

Next SPX earnings on Tuesday.

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

SPY down .28 at 449.28, on 69.8 million shares, below average volume, down on lower volume.  

VIX down .27 at 13.34

QQQ down .08 at 379.08,

UNH, MRK, KO, MSFT led the DJIA, 11 advancers, -7

ELV, CI, LLY, CNC led the SPX, 172 advancers

CPRT, DXCM, ABNB, ISRG led the NDX, 50 advancers.

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

Up:  DIA,

Down:  QQQ, SPY, IWM,

Three of eleven sectors were higher on Friday, led by XLV, XLP and XLY.

The SPY MFC green line turned up at 93.5 and is short-term bullish.  SPY was a open higher breakout continuation to trading range.

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

50 of 100 NDX stocks closed higher on Friday.

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

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 1

GILD,

Moving Below 30 DMA = 3

CSCO, MRNA, WBD,

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