SPX Closes Higher after TSLA Leads SPX and NDX on Self-driving Mode News in China...Consumer Discretionary, Utilities, Real Estate Lead Sectors...175 SPX Earnings Reports this Week...

© 2024

The SPX +16.21, 5,116, opened higher, after TSLA gapped up on news, traded in a range and closed higher.  Breadth strengthened on light volume trading day.

TSLA +25.76, +15.31%, led the SPX and NDX after deal with BIDU to allow self-driving mode in China 

NVDA +0.22, +.03%, 877.57, opened flat, traded in a range and closed near unchanged.

FOMC Announcement: Wed 2:00 pm ET, Press Conference: 2:30 pm ET  

This Week 175 SPX eps reports: Tuesday AMC – AMZN, Thursday AMC – AAPL   

Tuesday Q1 day 13 BMO: ADM, AEP, AMT APD, CNP, ECL, ETN, GEHC, GLW, HUBB, INCY, IT, ITW, KO, LDOS, LLY, MCD, MLM, MMM, MPC, PCAR, PEG, PYPL, SYY, TAP, TT, ZBRA, AMC: AMCR, AMD, AMZN, BXP, CLX, CZR, EIX, ESS, EXR, FANG, INVH, MDLZ, OKE, PRU, PSA, RSG, SBUX, SMCI, SWKS, SYK, UDR

First day reaction: Q1

Positive:  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 = 79

Neutral:  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 = 38

Negative:  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 = 95

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

SPY up 1.80 at 510.06 on 46.4 million shares, lowest volume in 3 months,

VIX down .36 at 14.67

QQQ up 1.75 at 432.75

BA, AAPL, AMGN, CAT led the DJIA, 20 advancers, +3

TSLA, ALB, DPZ, IP, DGX led the SPX, 366 advancers 

TSLA, SIRI, ON, MRNA led the NDX, 59 advancers

Up:  IWM, QQQ, DIA, SPY,

Down: 

NIne of eleven sectors were higher on Monday, led by XLY, XLU and XLRE

The SPY MFC green line is pointed up at 41.3 and is short-term bullish.

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 up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

59 of 100 NDX stocks closed higher on Monday.

43 NDX stocks are above their 30 DMA:  CTAS, FANG, AZN, GOOGL, KHC, KDP, XEL, PEP, AEP, EXC, TMUS, CEG, MDLZ, PANW, PDD, DDOG, MDB, MRNA, ABNB, ADI, CCEP, MCHP, TXN, NXPI, TSLA, AVGO, BIIB, COST, CSGP, INTU, KLAC, MRVL, NVDA, PYPL, TTD, AAPL, AMAT, AMGN, AMZN, BKR, GEHC, ON, QCOM,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 8

AAPL, AMAT, AMGN, AMZN, BKR, GEHC, ON, QCOM,  

Moving Below 30 DMA = 0

Add Comments here: