NDX Closes Higher as SPX, DJI, RUT Falls...Communication Services, Consumer Discretionary, Technology Lead Sectors...MSFT, GOOGL EPS Tuesday AMC...

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The SPX -7.12 opened lower, reversed, closed slightly higher but lower than Friday’s close.

Breadth was mixed and remained negative on Monday.

ARE, BRO, CDNS, NUE, PKG, WRK reported EPS AMC Monday.

Tuesday day 9 of Q3 earnings season continues with 26 SPX companies: ADM, CNC, DGX, DHR, DOV, DOW, FI, GE, GLW, GM, HAL, HCA, ITW, IVZ, KMB, KO, MMM, NEE, NVR, PCAR, PHM, PNR, RTX, SHW, SYF, VZ reporting BMO and nine companies AMC: CB, CSGP, FFIV, GOOG, GOOGL, MSFT, RHI, TXN V, WM.  163 SPX companies report this week.

First day reaction:

Positive:  NFLX, T, LVS, EFX, UNP, FITB, NDAQ, ABT, PG, STT, BK, BAC, SCHW, PGR, WFC, UNH, JPM, FAST, WBA, = 19

Neutral: CSX, SNA, AAL, MMC, KMI, ELV, TRV, LMT, JNJ, C, DPZ = 11

Negative:  RF, CMA, AXP, HBAN, IPG, SLB, ISRG, GPC, ZION, TSLA, DFS, BX, LRCX, CCI, STLD, POOL, PPG, PM, TFC, ALK, KEY, FCX, UAL, JBHT, MS, NTRS, CFG, USB, MTB, OMC, GS, PLD, BLK, PNC, DAL = 35

Mega caps NVDA, META, AMZN, MSFT, GOOGL, AAPL, TSLA rose on Monday.

SPY down .73 at 420.46 on 92.0 million shares, above average volume, closed lower on lower volume. 

VIX down 1.34 at 20.37

QQQ up 1.07 at 355.67

WBA, AXP, WMT, MSFT led the DJIA, 10 advancers, +5

MGM, NVDA, CCL, SEDG, VLTO led the SPX, 138 advancers

NVDA, ABNB, BKNG, ISRG led the NDX, 45 advancers.

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

Up:  QQQ,

Down:  SPY, DIA, IWM,

Three of eleven sectors were higher on Monday, led by XLC, XLY and XLK.

The SPY MFC green line is pointed down at 23 and is short-term bearish.  SPY opened and closed slightly higher.

Uptrend sectors:   XLE, XLC, XLK,

Neutral sectors:  XLF, XLY, XLI, XLB, XLV,

Down trend sectors:  XLU, XLRE, XLP,

The 6-month intermediate trend is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down

45 of 100 NDX stocks closed higher on Monday.

25 NDX stocks are above their 30 DMA:  SGEN, PDD, CRWD, META, SIRI, AMGN, EA, GOOGL, SNPS, VRTX, CEG, FAST, MSFT, ZS, AVGO, FANG, GILD, ADBE, DLTR, LULU, ROST, SBUX, NFLX, CDNS, PANW,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 2

CDNS, PANW,

Moving Below 30 DMA = 1

XEL,

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