© 2023
The SPX +12.40 opened flat, traded higher and closed slightly higher,
essentially another pause day after last week’s +5.85%
SPX gain. Breadth strengthened modestly
on Tuesday and remained positive.
Tuesday EPS reactions:
DDOG +22.65, +28.47%, PLNT +7.40, +13.41%, TRIP +1.77,
+10.99%, UBER +1.78, +3.70%, DHI +3.45, +2.93%.
There a seventeen Fed speakers scheduled this week with Goolsbee,
Barr, Schmid, Waller, Williams and Logan speaking today.
Mega
caps AMZN, AAPL, TSLA, MSFT, META, GOOGL, NVDA, rose
on Tuesday.
SPY up 1.24 at 436.93 on 64.2 million
shares, below average volume, closed higher on lower volume.
VIX down .08 at 14.81,
a six-week closing low
QQQ up 3.49 at 372.70
INTC, CRM, NKE, AAPL led the DJIA, 14 advancers, -2
GEN, EXPE, MTCH, BIO led the SPX, 210 advancers
DDOG, GFS, ZS, ADBE led the NDX, 65 advancers.
The two-year trend term is down a little. The
one-year trend is up.
Up: QQQ, SPY, DIA,
Down: IWM,
Five of eleven sectors were higher on Tuesday, led by XLY,
XLK and XLC.
The SPY
MFC green line is pointed up at 77.6 and is short-term bullish. SPY opened flat 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 up.
3-month Intermediate Term Market
Trend: Down
3-day Short Term Market Trend: Up
65 of 100 NDX stocks
closed higher on Tuesday.
61
NDX stocks are above their 30 DMA: FAST,
MSFT, GILD, LULU, NFLX, XEL, DLTR, ORLY, INTC, AEP, AMZN, CEG, CRWD, CTAS,
ROST, TMUS, ADBE, ASML, CDNS, DXCM, GEHC, KDP, KLAC, MDLZ, MELI, SNPS, VRTX, AMD,
AVGO, EXC, HON, META, MNST, MU, PEP, QCOM, SIRI, AAPL, AMAT, CPRT, EA, KHC,
LRCX, NVDA, SBUX, WBD, COST, CSGP, PCAR, PDD, TTD, WDAY, ZS, BKNG, CSCO, REGN, ADSK,
DDOG, INTU, ISRG, MAR,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 5
ADSK, DDOG, INTU, ISRG, MAR,
Moving Below 30 DMA = 4
AMGN, BKR, CTSH, FANG,
Add Comments here:
No comments:
Post a Comment