SPX Opens Higher, Reverses Closes Lower...Consumer Discretionary, Technology Lead Sectors...FOMC Announcement Wednesday...

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The SPX -19.86 opened higher after a positive reaction to AMZN EPS, and a PCE Core report that was in line with expectations but reversed mid-day and closed lower.

Breadth was negative on Friday.

Friday EPS reactions:  DXCM +8.20, +10.11%, AMZN +8.17, +6.83%, CMG +81.12, +4.49%, ENPH -14.09, -14.65%.

Monday day 13 of Q3 earnings season continues with 5 SPX companies BMO: L, MCD, ON, RVTY, WDC reporting BMO and 8 AMC: ACGL, ANET, FMC, PEAK, PSA, SPG, VFC, WELL.  151 SPX companies report next week.

First day reaction:

Positive:  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, = 85

Neutral: 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 = 35

Negative:  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 = 110

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

SPY down 1.87 at 410.68 on 107.3 million shares, above average volume, closed lower on lower volume. 

VIX up .59 at 21.27

QQQ up 1.65 at 345.31

INTC, AAPL, MSFT, HON led the DJIA, 8 advancers, -0

COF, SWK, JNPR, CMG led the SPX, 88 advancers

DXCM, AMZN, AMD, META led the NDX, 37 advancers.

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

Up:  QQQ,

Down:  SPY, DIA, IWM,

Two of eleven sectors were higher on Friday, led by XLY, XLK and XLB.

The SPY MFC green line is turned sideways at 6.6 and is short-term bearish.  SPY opened lower and closed lower.

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

37 of 100 NDX stocks closed higher on Friday.

13 NDX stocks are above their 30 DMA:  SGEN, PDD, FAST, MSFT, FANG, GILD, LULU, NFLX, XEL, DLTR, ORLY, DXCM, INTC,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

DXCM, INTC,

Moving Below 30 DMA = 5

AEP, CEG, ROST, TMUS, VRTX,

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