Monday, February 3, 2025

SPX, NDX Closed Lower, Above Lows after Tariffs Kick In, Then Delayed...Energy, Utilities, Consumer Staples Lead Sectors...After-hours: PLTR Up on EPS Reaction...


© 2025


SPX -45.96, 5,994, opened lower after futures moved lower Sunday evening as tariffs went into effect Saturday, but the SPX rallied after news that both Mexico and Canada’s tariffs would be delayed for 30 because an initial understanding was reach that each country will take steps to address the border issues.  Breadth was again negative, the MFC GL is pointed down, many stocks remain negative. 

TSLA -20.92, -5.17%, opened lower, formed a hammer.

Monday EPS reactions: IDXX +46.99, +11.13%,

After-hours EPS reactions: PLTR +19.05, +22.75%,
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130 SPX companies report this week: Tuesday BMO: ADM, AMCR, AME, APO, BALL,CMI, CNC, EL, FOXA, HUBB, IT J, KKR, MPC, MRK, PEP, PFE, PNR, PYPL, REGN, TDG, WEC, WTW, XYL, Tuesday AMC: AMD, AMGN, ATO, CMG, EA, ENPH, ESS, FICO, FMC, GOOG, GOOGL, IEX, JKHY, JNPR, MDLZ, MTCH, OMC, PRU, SPG, VLTO

Mega Caps: Tue AMC: GOOGL, GOOG, Thu AMC: AMZN

First day reaction: Q4
Positive: 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 = 67

Neutral: AJG, ETN, AON, V, BR, LYB, RVTY, KLAC, AAPL, MMC, TT, CAH, NOC, LHX, RJF, ADP, NDAQ, PGR, HES, WRB, VZ, ABT, ADM, BAC = 24

Negative: 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 = 69
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Mega caps META rose, and AMZN, BRK/B, MSFT, GOOGL, AVGO, NVDA, AAPL, TSM, TSLA fell on Monday. 


SPY down 4.05 at 597.77, 65.8 million shares, above average volume
VIX up 2.19 at 18.62,
VIX1D up 1.74 at 18.25,
QQQ down 4.18 at 518.11

IBM, PG, VZ, WMT led the DJIA, 12 advancers, +8                
IDXX, MOH, ABBV, WELL led the SPX, 116 advancers,
IDXX, MSTR, COST, BKR led the NDX, 42 advancers

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

The SPY MFC green line is pointed down at 75.7 and is defensive. -0.9.

Six of eleven sectors were higher on Monday, led by XLE, XLU and XLP.

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


42 of 100 NDX stocks closed higher on Monday.

64 NDX stocks are above their 30 DMA:  CEG, BKR, KLAC, CDW, GEHC, ISRG, AEP, DXCM, ARM, EXC, PAYX, QCOM, AMGN, ANSS, MELI, META, PDD, PYPL, 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, TTWO, COST, TMUS, WDAY, ADBE, AXON, CSCO, GOOGL, AMAT, KDP, PCAR, PEP, ASML, CPRT, IDXX, LRCX, XEL, MSTR,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1   
MSTR,


Moving Below 30 DMA = 4
ODFL, PANW, ROST, WBD,



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