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The SPX -15.80, NDX and DJI
pulled back in a pause day on Monday after making new all-time closing
highs on Friday. ISM Services Index 53.4
vs. 52.1 consensus, better than expected.
Powell was on 60 Minutes on Sunday and reiterated that it
was unlikely that the Fed would drop rates in March. Fed comments from Goolsbee on a TV interview
and Bostic did little to provide any additional insights. It should be clear the Fed is not likely cut
rates until they are confident that inflation will drop to their 2% target.
EL +16.16, +12.05%, leads SPX on a positive EPS reaction, APD -40.15, -15.05%, leads decliners on the SPX on a negative
EPS reaction.
Tuesday, day 17 of Q4 earnings season continues with 14
SPX companies AME, CARR, CMI, CNC, DD, FI, GEHC, IT, J, LIN, LLY,
WAT, WTW, XYL reporting BMO and 20 AIZ, AMCR, AMGN, ATO, CINF,
CMG, CTSH, ENPH, ESS, EW, F, FTNT, GILD, IEX, JKHY, OMC, PRU, UDR, VFC, VLTO reporting
AMC. 104 SPX companies
report this week.
First day reaction: Q4
Positive: EL, ON,
IDXX, TSN, CAT, META, AMZN, CLX, GWW, CI, HIG, CVX, CPT, CTVA, PH, ETN, TT, BALL, QRVO, MRK, TSCO, DOV,
MO, CMS, ALGN, RVTY, BDX, WEC, SYK, COR, BA, FTV, ADP, BSX, MTCH, EQR, PSX, MSCI. 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 = 94
Neutral: L, ABBV, BMY, XOM, AAPL, RCL,
AVB, PTC, DGX, MA, CB, SWKS, EA, JNPR, AVY, FFIV, NVR, PHM, PNR, BEN, TMUS, WY,
SHW, AMP, NOW, UNP, STLD, ELV, ISRG, SYF, GE, CMA, TFC, GS, PNC, BLK, JPM = 37
Negative: APD, MCD, CHTR, GEN, EMN, HOLX, AON, CHD,
LYB, MCHP, REGN, CBOE, CHRW, AFL, MET, QCOM,
IP, CAH, WRK, TECH, HON, ITW, SWK, BR, MKTX, ROK, TER, GOOGL, APTV, BXP, TMO, ROP,
MSFT, AMD, RHI, HES, OTIS, MDLZ, ODFL, NDAQ, SBUX, 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, = 84
Mega caps NVDA, AAPL, GOOGL rose
and AMZN, MSFT, META, TSLA fell on Monday.
SPY down 1.80 at 492.55 on 75.7 million shares, average volume, closed lower on lower
volume.
VIX down .18 at 13.67
QQQ down .56 at 428.45
CAT, AAPL, CRM, INTC led the DJIA, 6 advancers, -7
EL, CTLT, LLY, WST led the SPX, 88 advancers
ON, IDXX, NVDA, NXPI led the NDX, 33 advancers.
The two-year trend term is sideways. The
one-year trend is up.
Up:
Down: QQQ, SPY, DIA, IWM,
Two of eleven sectors were higher on Monday, led by XLV, XLK
and XLE.
The SPY
MFC green line turned down at 87.0 and is counter-trend defensive.
Uptrend sectors: XLC,
XLK, XLF, XLV, XLY, XLI, XLRE, XLB, XLP,
Neutral sectors: XLU,
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
33 of 100 NDX stocks
closed higher on Monday.
63 NDX stocks are above their 30
DMA: CRWD,
CTAS, ROST, TMUS, AMD, COST, ZS, MAR, ISRG, REGN, AMGN, ILMN, AVGO, MRVL, MU,
FTNT, META, VRTX, CCEP, SPLK, ADP, MDLZ,
ADSK, NVDA, AMZN, CTSH, DASH, DDOG, LRCX, MSFT, NFLX, WDAY, PANW, TTWO, MELI,
CDNS, ORLY, VRSK, AMAT, ASML, CDW, FAST, INTU, KLAC, PCAR, ABNB, ADBE, CMCSA,
SNPS, CEG, CSX, MDB, PEP, BKNG, CPRT, DLTR, ROP, ODFL, GOOGL, IDXX, NXPI, ON,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 4
GOOGL, IDXX, NXPI, ON,
Moving Below 30 DMA = 4
KHC, PAYX, PYPL, TTD,
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