SPX Closes Slightly Lower...Financial, Energy, Consumer Staples lead Sectors...After-hours: SBUX up, AMD, GOOGL down on EPS Reactions...

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The SPX -2.96 opened flat, traded in a tight range and closed slightly lower.  Mega-caps were weak before MSFT, GOOGL and AMD earnings today AMC.  The DJIA hit another all-time closing high.

MSCI +51.29, +9.31%, GM +2.76, +7.80%, positive EPS reactions, UPS -12.96, -8.20%, WHR -7.78, -6.60%, negative EPS reactions.

AAPL, AMZN and META report EPS Thursday AMC.

After-hours:  SBUX +3.52, +3.74%, positive EPS reaction, AMD – 11.16, -6.49%, GOOGL -8.84, -5.84%, MSFT – 0.95, -0.23% negative EPS reactions.

FOMC announcement on Wednesday at 2:00 pm, press conference at 2:30 pm ET and Jobs Report on Friday.

Wednesday, day 13 of Q4 earnings season continues with 17 SPX companies ADP, APTV, AVY, BA, BSX, COR, FTV, HES, MA, MKTX, NDAQ, ODFL, OTIS, PSX, ROK, ROP, TMO reporting BMO and 9 AFL, ALGN, AVB, CHRW, CTVA, MET, PTC, QCOM, QRVO reporting AMC.  107 SPX companies report this week.

First day reaction: Q4

Positive:  MSCO. GM, SYY, NUE, GLW, MPC, HCA, DHR, HUBB, AXP, COF, LHX, CL, URI, AAL, IBM, RMD, WRB, CCI, MKC, PKG, DOW, CMCSA, VLO, BX, LRCX, STX, CSX, NEE, RJF, XEL, LVS, NFLX, TXT, TEL, GD, FCX, APH, VZ, RTX, UAL, BRO, PG, PCAR, HAL, TRV, RF, HBAN, FITB, SLB, STT, FAST, JBHT, MTB, CFG, BK, C = 57

Neutral:  FFIV, NVR, PHM, PNR, BEN, TMUS, WY, SHW, AMP, NOW, UNP, STLD, ELV, ISRG, SYF, GE, CMA, TFC, GS, PNC, BLK, JPM = 22

Negative:  UPS, WHR, ARE, JCI, AOS, PFE, INTC, FICO, KLAC, WDC, AJG, V, NSC, TSLA, HUM, NOC, MMC, LUV, KMB, TDY, BKR, T, ABT, TXN, MMM, DHI, IVZ, LMT, JNJ, ZION, PPG, DFS, KEY, NTRS, KMI, PLD, USB, SCHW, MS, DAL, UNH, WFC, BAC, = 43

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

SPY down .38 at 490.89 on 58.6 million shares, below average volume, closed lower on lower volume. 

VIX down .29 at 13.31

QQQ down 2.85 at 425.30

JPM, GS, AXP, HON, V led the DJIA, 20 advancers, -1

MSCI, GM, SYY, NUE led the SPX, 273 advancers 

VRTX, FANG, CMCSA, CTAS led the NDX, 39 advancers.

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

Up:   DIA,

Down:   SPY, QQQ, IWM,

Six of eleven sectors were higher on Tuesday, led by XLF, XLE and XLP.

The SPY MFC green line flat at 95.4 and is short-term bullish. 

Uptrend sectors:   XLC, XLK, XLF, XLV, XLY, XLI, XLRE, XLB, XLP, XLU,

Neutral sectors: 

Down trend sectors:  XLE,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

39 of 100 NDX stocks closed higher on Tuesday.

69 NDX stocks are above their 30 DMA:  CRWD, CTAS, ROST, TMUS, AMD, QCOM, COST, ZS, BKNG, MAR, ISRG, MRNA, TEAM, REGN, AMGN, ILMN, AVGO, MRVL, MU, FTNT, META, VRTX, CSCO, CCEP, SPLK, GOOG, ADP, MDLZ, ADSK, NVDA, AMZN, CTSH, DASH, DDOG, GOOGL, LRCX, MSFT, NFLX, WDAY, PANW, TTWO, MELI, CDNS, ORLY, ROP, VRSK, AMAT, ASML, CDW, FAST, INTU, KLAC, PCAR, ABNB, ADBE, ADI, CMCSA, SNPS, EA, CEG, CSX, FANG, KHC, CSGP, PYPL, CPRT, MDB, ODFL, PAYX, PEP, HON, SBUX,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 2

HON, SBUX,

Moving Below 30 DMA = 3

AAPL, CHTR, TTD,

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