© 2024
The SPX -80.48, 5,035, opened lower, after a higher-than-expected Employment
Cost Index report at 1.2% vs 1.0% consensus, traded in a range for
90 minutes, then trended down and closed -1.57% lower.
NVDA -13.55, -1.54%, 864.02, opened lower, traded in a range
and closed lower, forming a potential shooting star candle pattern.
After-hours: SMCI -86.80, -10.11%, on a negative earnings reaction after an EPS beat
and revenue miss. AMD -10.95, -6.91%, on a negative earnings reaction after a slight EPS
and revenue beat, in-line guidance and AMZN +2.16, +1.23%,
on a positive earnings reaction to better-than-expected EPS and revenues.
FOMC Announcement:
Wed 2:00 pm ET, Press Conference: 2:30 pm ET
This Week 175
SPX eps reports: Thursday AMC – AAPL
Wednesday Q1 day 14 BMO:
ADP, CDW, COR, CTLT, CVS, DAY, DD, EL, GNRC, GPN, GRMN, IDXX, JCI, KHC, MA,
MAR, NCLH, PFE, PPL, TECH, VRSK, WEC, YUM, AMC:
AFL, AIG, ALB, ALL, ANSS, APA AWK, CHRW, CTSH, CTVA, DVN, EBAY, ES, ETSY, FSLR,
HST, MAA, MET MGM, MOS MRO, PAYC, PTC, QCOM, QRVO, VICI, VTR
First day reaction: Q1
Positive: LDOS, LLY, TT, GLW, ZBRA,
MMM, NXPI, ACGL, ECL, PYPL, DPZ, ON, RVTY, RMD, GOOGL, BALL, KLAC, TROW, MHK,
LHX, WDC, LYB, CL, MSFT, NEM, TYL, CARR, TER, CMG, URI, UNP,
KDP, DOV, FTI, ROL, MRK, NOC, TSCO, LRCX, AAL, HES, GEV, MO, WM, TSLA, HAS, WAB, CSGP, BSX, TXN, SYF, BIIB,
HLT, EQT, EQR, T, APH, IPG, GL, GE, DHR, KMB, DGX,
PHM, FI, GM, PM, UPS, NEE, TFC, AXP, FITB, GPC, DFS, ELV, KMI, MMC, CMA,
CCI, UAL,
CFG, OMC, UNH, MS, MTB, GS, SCHW,
STT, STZ = 89
Neutral: PEG, MCD, CNP, KO, WELL,
EG, AEP, APD, INCY, CVX, COF, AVB, TMUS, EMN, JNPR, DOX, F, RCL, SPGI, PCG,
CMS, VLO, DTE, UHS, XEL, HON, DOW, STX, AVY, TMO, V, ETR, ARE BRO, NVR, RTX,
LMT, HAL, PNR, HBAN, PG, RF, CSX, DHI, KEY, PGR, WFC = 47
Negative: GEHC, TAP,
MPC, FFIV, HUBB, IT, SBAC, PARA, PCAR, SYY,
ADM, MLM, ETN, ITW, AMT, BEN, DXCM, INTC, FICO, AON, CINF, ABBV, VRSN, HIG, PSX,
XOM, ROP, PFG, HCA, CNC, EW, RHI, CHTR, WY, AJG, FE, META, BMY, IBM, CAT, LUV, CMCSA, AOS, LH, WST,
RJF, MOH, NOW, ORLY, WTW, IP, NDAQ, POOL, ALLE, GWW, ALGN, ODFL, TDY, FTV, ENPH, MAS, OTIS, GD, HUM, NSC,
BG, IEX, STLD, BA, CB, TEL, CME, VLTO, BKR, LKQ,
MSCI, NUE, IVZ, WRB, PKG, AMP, PEP, SHW, FCX, CDNS, VZ, NFLX, PPG,
SLB, ISRG, LVS, EFX, SNA, BX, JBHT, TRV, PLD, ASML, USB, ABT,
NTRS, BAC, JNJ, PNC, BK, JPM, BLK, C, KMX, FAST, DAL = 110
Mega caps META, NVDA, AAPL, GOOGL,
MSFT, AMZN, TSLA fell on Tuesday.
SPY down 8.08 at 501.98 on 77.0 million
shares, above average volume
VIX up .98 at 15.65
QQQ down 8.16 at 424.59
MMM, PG, MCD, TRV led the DJIA, 2 advancers, -18
LDOS, LLY, TT, GLW, ZBRA led the SPX, 57 advancers
NXPI, MELI, PYPL, DXCM led the NDX, 9 advancers
Up:
Down: DIA, SPY, QQQ, IWM,
All eleven sectors were lower on Tuesday,
led by the largest decliners XLK, XLY and XLE.
The SPY
MFC green line turned down at 39 and is short-term bearish.
Uptrend sectors: XLE,
XLC, XLU, XLI, XLB, XLF, XLP,
Neutral sectors: XLY, XLV, XLK,
Down trend sectors: XLRE,
The 6-month intermediate
trend is up. The ten-day trend is sideways.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Sideways
9 of 100 NDX stocks
closed higher on Tuesday.
28 NDX stocks are above their 30
DMA: AZN,
GOOGL, KHC, KDP, XEL, PEP, AEP, EXC, TMUS, CEG, MDLZ, PANW, PDD, DDOG, MDB,
MRNA, ADI, CCEP, MCHP, TXN, NXPI, TSLA, BIIB, COST, KLAC, PYPL, AMGN, ON,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 15
AAPL, ABNB, AMAT, AMZN, AVGO, BKR, CSGP,
CTAS, FANG, GEHC, INTU, MRVL, NVDA, QCOM, TTD,
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