SPX Opens Higher, Closes Higher...Communication Services, Financial, Consumer Staplse Lead all Sectors Higher...Earnings Season Continues...

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The SPX +49.45 opened higher after a positive reaction to WDC and MCD EPS, traded in a range in morning trade and closed higher.

Breadth was positive on Monday.

Monday EPS reactions:  WDC +2.83, +7.26%, ON -18.18, -21.77%.

After-hours: ANET +15.68, +8.92%, PINS +4.03, +16.06%,

Tuesday day 14 of Q3 earnings season continues with 21 SPX companies BMO: ALLE, AME, AMGN, BEN, CAT, ECL, ETN, GEHC, GPN, HUBB, INCY, LDOS, MPC, MSCI, PEG, PFE, SYY, TECH, WEC, XYL, ZBRA reporting BMO and 10 AMC: AIZ, AMCR, AMD, CZR, EQR, FSLR, LUMN, MTCH, OKE, PAYC.  151 SPX companies report this week.

First day reaction:

Positive:  WDC, MCD, DXCM, INTC, AMZN, AMD, META, MELI, MU, AVGO, MRVL, CMCSA, KDP, DDOG, WTW, FTI, AMT, MAS, AOS, EQIX, ORLY, KIM, RJF, IBM, LH, BG, ROL, NOW, IEX, GWW, AMP, BKR, TXT, NEM, EQT, MRK, UHS, LIN, AVB, KDP, CMS, GL, URI, WM, WAB, GD, MSFT, MCO, FFIV, CB, RHI, VZ, RTX, NEE, GE, FI, MMM, NUE, BRO, PCAR, IVZ, PKG, KO, WRK, DOW, DGX, PHM, ARE, NFLX, T, LVS, EFX, UNP, FITB, NDAQ, ABT, PG, STT, BK, BAC, SCHW, PGR, WFC, UNH, JPM, FAST, WBA, = 87

Neutral: L, PSX, LYB, RSG, CBRE, AJG, ESS, PFG, RCL, KLAC, CNP, DTE, VICI, BSX, IP, LUV, V, HLT, APH, TMUS, CME, ROP, HES, ITW, GLW, CSX, SNA, AAL, MMC, KMI, ELV, TRV, LMT, JNJ, C, DPZ = 36

Negative:  ON, RVTY, ENPH, F, CHTR, BIO, CVX, CPT, UDR, VRSN, TROW, ABBV, AON, RMD, FE, MHK, LHX, XEL, CINF, HIG  XOM, CL, WY, ALGN, WHR, HAS, WST, CMCSA, EW, MO, BMY, LKQ, UPS, MA, KVUE, TSCO, VMC, MAA, INVH, EG, TER, META, HSY, PCG, STX, MOH, CARR, VLO, NOC, VLTO, HON, GOOGL, MKTX, ADP, FTV, TMO, NSC, CSGP, ODFL, TXN TDY, AVY, BA, OTIS, PNR, HCA, SYF, ADM, DHR, HAL, GM, NVR, CNC, SHW, DOV, KMB, CDNS, 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 = 112

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

SPY up 4.91 at 415.59 on 86.5 million shares, below average volume, closed higher on lower volume.

VIX down 1.52 at 19.75

QQQ up 3.89 at 349.20

NKE, GS, VZ, TRV led the DJIA, 28 advancers, +20

WDC, MKTX, MHK, GS led the SPX, 398 advancers

CHTR, AMZN, ADBE, WBD, NFLX led the NDX, 77 advancers.

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

Up:  DIA, SPY, QQQ, IWM,

Down: 

All eleven sectors were higher on Monday, led by XLC, XLF and XLP.

The SPY MFC green line turned up at 8.6 and is short-term bullish.  SPY opened higher and closed 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 a little

77 of 100 NDX stocks closed higher on Monday.

20 NDX stocks are above their 30 DMA:  SGEN, PDD, FAST, MSFT, FANG, GILD, LULU, NFLX, XEL, DLTR, ORLY, INTC, AEP, AMZN, CEG, CRWD, CTAS, ROST, SBUX, TMUS,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 8

AEP, AMZN, CEG, CRWD, CTAS, ROST, SBUX, TMUS,

Moving Below 30 DMA = 1

DXCM,

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