Tuesday, February 4, 2025

SPX, NDX Closed Higher as Breadth Strengthened...PLTR Leads SPX, NDX...Energy, Technology, Consumer Discretionary Leads Sectors...After-hours: GOOGL Lower...


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SPX +43.31, 6,037, opened flat, trended up and closed higher in a channel bounce.  Breadth strengthened with stronger technology, consumer discretionary sectors and mega-cap stocks on Tuesday.

The DJI, 44,556, closed +0.30%, opened higher, closed higher.  NDX +1.26% trended up and formed a white candle. 

PLTR +19.05, +22.75%, gapped up after beating on EPS and revenue, with strong guidance.

TSLA +8.53, +2.22%, bounced at support, formed a bullish engulfing candle.

Tuesday EPS reactions: PLTR +19.05, +22.75%, EL -13.30, -16.07%, PYPL -11.78, -13.17%

After-hours EPS reactions: ENPH +3.86, +6.11%, GOOGL -15.67, -7.59%, FICO -134.70, -7.44%, FMC -9.67, -17.89%.

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130 SPX companies report this week: Wednesday BMO: BG, BSX, CDW, COR, DAY, DIS, EMR, FI ITW JCI SWK TECH, TROW UBER, ODFL, Wednesday AMC: AFL, ALGN, ALL, AVB, CCI, CPAY, CTSH, CTVA, F, GL, HOLX, MAA, MCK, MET, MOH, NWSA, ORLY, PTC, QCOM, STE, SWKS, UDR,
Mega Caps: Thu AMC: AMZN

First day reaction: Q4
Positive: PLTR, MPC, XYL, FOXA, AMCR, REGN, CMI, IDXX, TSN, BEN, EMN, ABBV, BKR, CHTR, IBM, LVS, LRCX, TMO, WM, PH, DGX, ROP, PHM, WDC, DOV, MA, TSLA, URI, SHW, META, CCI, FFIV, SBUX, TMUS, NSC, CB, RCL, IVZ, NUE, RTX, BA, T, NEE, GE, UNP, ELV, MKC, NTRS, NFLX, APH, STX, TDY, TEL, COF, GEV, PG, PLD, SCHW, MMM, FITB, SLB, TFC, FAST, CFG, HBAN, MS, BK, WFC, C, GS, BLK, JPM, WBA, DAL = 74

Neutral: EQR, IT, AJG, ETN, AON, V, BR, LYB, RVTY, KLAC, AAPL, MMC, TT, CAH, NOC, LHX, RJF, ADP, NDAQ, PGR, HES, WRB, VZ, ABT, ADM, BAC = 26

Negative: EL, PYPL, MRK, KKR, CLX, BALL, CNC, ADM, PEP, PNR, J, TDG, WTW, APO, AME, HUBB, DOC, PFE, WEC, NXPI, EG, DECK, RMD, PPG, GWW, CL, CVX, GEN, INTC, XOM, PSX, HIG, CHD, WY, UPS, NOW, CMCSA, CHRW, CI, MSFT, DOW, TER, AVY, TSCO, AMP, CAT, BX, VLO, AOS, MO, IP, LUV, PKG, DHR, LII, BXP, MSCI, GD, GLW, OTIS, SYK, LMT, GM, SYY, ARE, SYF, NVR, BRO, PCAR, KMB, TXN, ISRG, HCA CSX, AXP, FCX, HAL, TXT, UAL, JNJ, KEY, DHI, JBHT, STT, RF, UNH, USB, MTB, PNC, STZ = 90
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Mega caps GOOGL, TSLA, AVGO, TSM, AAPL, AMZN, NVDA META, BRK/B, MSFT rose, on Tuesday. 


SPY up 4.01 at 601.78, 33.2 million shares, below average volume
VIX down 1.41 at 17.21
VIX1D down 3.26 at 14.99
QQQ up 6.36 at 524.47

CVX, AAPL, AMZN, NVDA led the DJIA, 19 advancers, +7  
PLTR, SMCI, MPC, DINO, XYL led the SPX, 249 advancers,
PLTR, PDD, AMD, REGN led the NDX, 65 advancers

Up: IWM, QQQ, SPY, DIA,
Down:

The SPY MFC green line is pointed down at 74.2 and is defensive. -1.5.

Six of eleven sectors were higher and XLRE was unchanged on Tuesday, led by XLE, XLK and XLY.

Uptrend sectorsXLF, XLC, XLI, XLY, XLK, XLU,
Neutral sectors: XLE, XLRE, XLB, XLP,
Down trend sectors: XLV,

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 TrendDown a little


65 of 100 NDX stocks closed higher on Tuesday.

62 NDX stocks are above their 30 DMA:  CEG, BKR, KLAC, CDW, GEHC, ISRG, AEP, DXCM, ARM, EXC, PAYX, QCOM, AMGN, ANSS, MELI, META, PDD, SNPS, ADP, AZN, LIN, SBUX, AMZN, APP, CSGP, CTAS, DASH, CRWD, CSX, FTNT, GILD, ORLY, ROP, VRSK, VRTX, ZS, ADSK, CTSH, MDB, NFLX, PLTR, TEAM, LULU, MAR, CCEP, COST, TMUS, WDAY, ADBE, AXON, CSCO, GOOGL, AMAT, PCAR, ASML, CPRT, IDXX, LRCX, XEL, MSTR, DDOG, PANW,

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 2   
DDOG, PANW,  


Moving Below 30 DMA = 4
KDP, PEP, PYPL, TTWO,



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