Wednesday, February 5, 2025

SPX, NDX Closed Higher...Real Estate, Technology, Financials Lead Sectors...GOOGL, AMD Negative Earnings Reactions...


© 2025


SPX +23.60, 6,061, opened lower, reversed and closed higher in a channel bounce.  Breadth was mixed but remained strong as indexes rose and volatility fell.

The DJI, 44,873, closed +0.71%, opened flat, rallied and closed higher.  NDX +0.42% opened lower reversed, trended up and formed another white candle. 

TSLA -14.04, -3.58%, sellers in control moved the stock down and is a break of support setup.

Wednesday EPS reactions: JCI +8.72, +11.28%, FMC -18.12, -33.53%, GOOGL -15.05, -7.29%, AMD -7.49, -6.27%,

After-hours EPS reactions: SWKS -19.89, -22.84%, QCOM -8.09, -4.60%, ALGN -12.31, -5.69%.
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130 SPX companies report this week: Thursday BMO: APD, APTV, BMY, BWA, CMS, COP, EFX, HII, HLT, HON, HSY, ICE, IQV, K, KVUE, LH, LIN, LLY, MKTX, PW, RL, SNA, TPR, XEL, YUM, ZBH, Thursday AMC: AMZN, CPT, EXPE, FE, FTNT, MCHP, MHK, MTD, PFG, REG, TTWO, VRSN
Mega Caps: Thu AMC: AMZN

First day reaction: Q4
Positive: JCI, EA, FI, AMGN, ODFL, TECH, CDW, SPG, ESS, MDLZ, FICO, ATO, BSX, JNPR, 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 = 88

Neutral: COR, ITW, JKHY, 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 = 29

Negative: FMC, IEX, DAY, MTCH, UBER, GOOGL, BG, AMD, VLTO, TROW, PRU, CMG, DIS, EMR, OMC, ENPH, SWK, 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 = 106
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Mega caps NVDA, AVGO, TSM, BRK/B, MSFT, META rose, and AAPL, AMZN, TSLA, GOOGL on Wednesday. 


SPY up 2.44 at 604.22, 30.6 million shares, below average volume
VIX down 1.44 at 15.77
VIX1D down 3.91 at 11.08
QQQ up 2.38 at 526.85

AMGN, NVDA, BA, CSCO led the DJIA, 19 advancers, +0   
JCI, SMCI, FI, ODFL led the SPX, 349 advancers,
EA, ARM, AMGN, WDAY, MRVL led the NDX, 79 advancers

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

The SPY MFC green line turned up at 75.5 and is short-term bullish. +1.3.

Eight of eleven sectors were higher on Wednesday, led by XLRE, XLK and XLF.

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 TrendUp a little


79 of 100 NDX stocks closed higher on Wednesday.

65 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, AMAT, ASML, CPRT, IDXX, LRCX, XEL, DDOG, PANW, AVGO, NXPI, MRVL, ODFL, REGN, TTWO,

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 6   
AVGO, NXPI, MRVL, ODFL, REGN, TTWO,


Moving Below 30 DMA = 3
GOOGL, MSTR, PCAR,



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