SPX, NDX Close Slightly Higher after Volatile Range Day...Consumer Discretionary, Communication Services, Real Estate Lead Sectors...After-hours: FFIV Up on Positive EPS Reaction...

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The SPX +4.44, 5,463, opened higher, traded in a choppy range and closed higher and failed to close above Thursday's high for a second day.  Advancers breadth weakened on Monday.  The NDX +0.19% traded in a range and closed slightly higher on Monday.

ON +23.77, +11.54%, RVTY +10.44, +9.07% were the SPX earnings gainers on Monday.

After-hours:  FFIV +22.66, +12.76%, on a positive EPS reaction.

FOMC meeting, Tuesday and Wednesday, July 30-31, 2024. Wednesday FOMC announcement 2:00 pm ET, press conference 2:30 pm ET.

Earnings season continues Tuesday with 43 SPX companies reporting: ADM, AEP, AMT, CNP, ECL, GLW, HUBB, HWM, INCY, IT, ITW, LDOS, MRK, PEG, PFE, PG, PSX, SPGI, SWK, SYY, XYL, ZBRA report BMO and ACGL, AMD, ANET, BXP, CZR, EA, ESS, EXR, FE, FSLR, LYV, MDLZ, MSFT, MTCH, PSA, QRVO, SBUX, SW, SWKS, SYK, UDR report Tuesday AMC, META on Wednesday AMC and AAPL, AMZN on Thursday AMC.

First day reaction: Q1

Positive:  ON, RVTY, MCD, MMM, MHK, CHTR, BMY, NSC, CNC, AON, HIG, DECK, BKR, DOC, VLTO, WY, VRSN, EMN, AJG, CING, CL, NOW, MOH, UHS, POOL, TYL, CBRE, RTX, MAS, NDAQ, NOC, DOV, LUV VLO, URI RJF,  IBM, AAL, AMP, ORLY, FTI, WTW, HAS, ABBV, KDP, CMS, ENPH, T, NEE, TMO, STX, TDY, TEL, FI CSGP, PNR, MSCI, SHW, GE, LMT, DHR, BRO, HCA, PM, IVZ, IQV, TFC, ISRG, HBAN, SLB, FITB, DHI, CTAS, KMI, EFX, MTB, BX, DFS, USB, JNJ, CFG, PLD, STT, UNH, BAC, PNC, GS, BK, FAST= 89

Neutral: JNPR, KLAC, GL, DTE, UNP, DOW, IP, COF, ALLE, ODLFL, PKG, EQT, TXN, CME, WRB, MCO, KO, PHM, NVR, GPC, RF, TXT, CCI, STLD, SYF, MS, BLK = 27

Negative:  L, DXCM, LHX, PFG, TROW, BEN, DLR, EW, F, WST, TER, LKQ, WM, INVH, ALGN, RCL, ROL, HON, RSG, NEM, LVS, TSCO, CMG, CARR, PCG, LW, TSLA, FTV, ROP, OTIS, APH, WAB, GOOGL, GEV, V, GD, CB, IPG, BSX, UPS, PCAR, AOS, NXPI, GM, KMB, DGX, ARE, CMCSA, AVY, FCX, CDNS, NUE, VZ, TRV, HAL, PPG, AXP, NFLX, DPZ, ABT, KEY, LVS, SNA, MMC, UAL, JBHT, ELV, NTRS, OMC, SCHW, PGR, WFC, C, JPM = 74

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

SPY up .32 at 544.76, 39.5 million shares, below average volume

VIX up .21 at 16.60

QQQ up .93 at 463.90

MCD, DIS, MRK, NKE led the DJIA, 13 advancers, -14

ON, RVTY, RMD, TSLA, DXCM, CZR led the SPX, 275 advancers 

ON, TSLA, DXCM, CHTR led the NDX, 60 advancers

Up:  SPY, QQQ,

Down:  DIA, IWM,

Seven of eleven sectors were higher on Monday, led by XLY, XLC and XLRE.

The SPY MFC green line is pointed down at 32.8 and is short-term bearish.

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

Neutral sectors: 

Down trend sectors: 

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

60 of 100 NDX stocks closed higher on Monday.

40 NDX stocks are above their 30 DMA:  VRSK, REGN, FANG, VRTX, CHTR, EA, CTAS, AMGN, BKR, GILD, ODFL, AEP, CTSH, GEHC, ILMN, CDW, FAST, MDB, LIN, ADP, PAYX, EXC, XEL, KHC, PEP, ORLY, CSGP, CSCO, MDLZ, CSX, MNST, TEAM, WDAY, CCEP, CMCSA, ISRG, KDP, TXN, ON, TSLA,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 2

ON, TSLA,

Moving Below 30 DMA = 2

FANG, MELI,

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