© 2024
The SPX +8.60, 5,222, opened
higher, traded in a range and closed slightly higher, 32 points below
its March 28 all-time high. Fed
comments on Friday again appeared to correlate with intraday price fluctuations.
Friday’s Earning reactions:
MTD +219.83, +17.04%, GEN +3.12, +15.34%, and AKAM -11.27,
-6.8711.00%, on EPS reactions
Friday.
NVDA +11.31, +1.27%, 898.78, opened higher, traded in a range and closed higher.
Next week the PPI
report on Tuesday 8:30 am ET and the CPI report on Wednesday 8:30 am ET.
SPX EPS Q1 First day reaction
results:
Between Wed April 10 and Sat May 4, 2024, 410 SPX companies
reported earnings.
135 up 1% or more = 32.9%
100 neutral, between .99% to -.99% = 24.4%
175 down, -1 or less = 42.7%
Mega caps NVDA, MSFT META rose
and GOOGL, AAPL, AMZN, TSLA fell on Friday.
SPY up .67 at 520.84 on 52.2 million
shares, below average volume
VIX down .14 at 12.55
QQQ up 1.04 at 442.06
MCD, MMM, VZ, AXP led the DJIA, 18 advancers, -7
MTC GEN, ANET, WAT led the SPX, 297 advancers
CHTR, MU, DDOG, GILD led the NDX, 62 advancers
Up: DIA, QQQ, SPY,
Down: IWM,
Seven of eleven sectors were higher on Friday, led by XLP, XLF
and XLK.
The SPY
MFC green line is pointed up at 79.7 and is short-term bullish.
Uptrend sectors: XLU, XLP,
XLI, XLF, XLC, XLB, XLE,
Neutral sectors: XLY, XLK, XLV, XLRE,
Down trend sectors:
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
62 of 100 NDX stocks
closed higher on Friday.
55 NDX stocks are above their 30
DMA: AZN,
GOOGL, KDP, XEL, PEP, AEP, EXC, MDLZ, PANW, PDD, MRNA, CCEP, MCHP, TXN, NXPI,
TSLA, BIIB, COST, AMGN, TTD, VRSK, AAPL, ADI, AMZN, MELI, ON, QCOM, REGN, ADBE,
AMAT, BKNG, CEG, CRWD, CTAS, INTU, KLAC, NVDA, FANG, GFS, HON, NFLX, SNPS,
VRTX, AVGO, TMUS, ADP, BKR, IDXX, ISRG, MNST, MSFT, PAYX, ASML, CHTR, MU,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 3
ASML, CHTR, MU,
Moving Below 30 DMA = 1
CSGP,
Add Comments here:
No comments:
Post a Comment