Friday, August 4, 2023

SPX Higher Open, Reverses to Lower Close...Consumer Discretionary, Energy Lead Sectors...Earnings Reactions: AMZN Higher, AAPL Lower...


© 2023



SPY, DIA, QQQ opened higher, reversed mid-day and closed lower after a Jobs Report that came in lower than expected but showed that average hourly wages Y/Y increased 4.4% above expectations of 4.2%.

AMZN closed higher on a positive EPS reaction while AAPL closed lower after EPS.


Friday, day 17 of Q2 Earnings Season with 5 SPX companies reporting BMO: CBOE, D, EVRG, LYB, PPL and BRK/B reporting Saturday.:

First day reaction: Q2 through Friday, August 4, 2023…

Positive: AMZN, GEN, BKNG, DVA, AMGN, GILD, CBOE, SYK, CPT, CLX, CTSH, APA, CDAY, WRK, CEG, REGN, MCK, BALL, EPAM, TRMB, APTV, PH, PSA, DINO, WBD, MET, IR, WMB, FRT, VMC, OXY, HAS, WAT, AFL, AIZ, HUM, CDW, BG, EMR, BXP, CVS, VRTX, TT, STE, AIF, PXD, VRSK, GRMN, MOS ABC, HKC, ANET, GPN, CAT, LDOS, ETN, SWK, SBAC, WELL MAR, MPC, ECL, 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 = 150

Neutral: CTVA, REG, BIO, LYB, LNT, CHRW, TRGP, PWR, LNC, MRO, MRNA, QRVO, COP, K, SBUX, NI, ETR, XYL, EXC, MTCH, FE, WDC, RSG, AME, FANG, PEG, INCY, SYY, RVTY, WEC, AVB, MO, 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 = 69

Negative:  FTNT, RMD, EXR, VTR, MCHP, MNST, AES, AAPL, MSI, D, PPL, EVRG, EOG, ED, DXC, EXPE, ETSY, PYPL, QCOM, CMI, HST, MGM, ANSS, APD, EQIX, SPG, PNW, CI, TFX, SO, IRM, BDX, ATO, ICE, O, SRE, FMC, ALB, AEE, GNRC, PAYC, SEDG, JCI, BWA, DVN, EA, AMD, ALL, CZR, DO, PSX, FIS, VFC, PRU, YUM, ZBRA, NCLH, ROK, TAP, ITW, ZBH HWM IDXX, HOLX, ES, IT, IQV, MRK, PFE, 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 = 184

Non-SPX = UBER


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


SPY down 2.03 at 446.81, on 100.1 million shares, above average volume, down on higher volume.  
VIX up 1.18 at 17.10
QQQ down 1.75 at 372.04,


AMGN, DIS, INTC, MSFT led the DJIA, 7 advancers, -9
GEN, DVA, EXPE, GILD led the SPX, 158 advancers
TEAM, WBD, AMZN, BKNG led the NDX, 27 advancers.


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

Up
DownIWM, DIA, SPY, QQQ,

Two of eleven sectors were higher on Friday, led by XLY, XLE and XLC. 

The SPY MFC green line is pointed down at 73.7 and is defensiveSPY opened higher, traded in a range, reversed 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 down.

3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendDown


27 of 100 NDX stocks closed higher on Friday.

54 NDX stock are above their 30 DMA:  NVDA, CEG, META, TTD, VRSK, AVGO, WDAY, ADBE, NXPI, COST, PDD, BKR, CSX, ABNB, INTU, ROST, ODFL, ON, DLTR, ADP, CHTR, CMCSA, DDOG, MAR, PAYX, BKNG, FANG, AMGN, MRVL, SBUX, PDD, KDP, CSCO, MRNA, JD,  CRWD, INTC, MU, GOOGL, LRCX, ALGN, AMAT, KLAC, REGN, AZN, MDLZ, AMD, CTSH, LULU, MELI, WBD, AMZN, GILD, TEAM,

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 3
AMZN, GILD, TEAM,



Moving Below 30 DMA = 8
MCHP, MNST, PCAR, PEP, SIRI, WBA, ZM, ZS,




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