Tuesday, April 29, 2025

SPX, NDX, DJI Close Higher as Rally Continues...Financial, Materials, Consumer Staples Lead Sectors...


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SPX +32.08, 5,560.  The DJI, 40,527 +0.75%, and NDX +0.61% continued to rally. 

PCE Price Index consensus forecast M/M 0.0%, Y/Y 2.2%, report at 10:00 am ET Wednesday.



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EPS Q1 on Wednesday BMO: ADP, CAT, GEHC, GNRC, GRMN, HES, HUM, IP, ITW, MLM, NCLH, PEG, PPL, SWK, TT, VMC, WDC, YUM report.  AMC: AFL, ALB, ALGN, ALL, AMCR, ANSS, AVB, AWK, CCI, CHRW, CTSH, EBAY, EG, EQIX, FMC, GL, HST, INVH, KLAC, MAA, MET, META, MGM, MSFT, PRU, PSA, PTC, QCOM, UDR, VICI, VTR.

184 total SPX companies report this week.

First day reaction: Q1

Positive: SBAC, CDNS, HON, ZBRA, AMT, LH, AOS, ECL, PFE, CINF, SPGI, XYL, HLT, PYPL, NUE, WELL, INCY, MO, CHTR, VRSN, DLR, ABBV, GOOGL, CL, RSG,  NOW, HAS, ALLE, RMD, URI, FTI, FCX, EW, TXN, LVS, LRCX, DFS, NEM, IPG, DOW, TXT, DOV, NDAQ, CMG, CNP, RJF, MRK, VRT, APH, BA, WAB, TSLA, STLD, BSX, COF, GEV, PM, TEL, ISRG, EFX, PNR, PHM, IVZ, MMM, DGX, GE, WRB, MCO, DHR, NTRS, SYF, GPC, ELV, NFLX, DHI, HBAN STT, KEY, CSX, ABT, PLD, CF, TRV, BAC, C, GS, FAST, JPM, BLK, MS, BK, DAL = 92

Neutral: GLW, KO, MLM, KHC, RCL, WM, SYY, UPS, UHS, GM, FFIV, RVTY, DPZ, LYB, HIG, PSX, ROL, CMS, CBRE, AMP, BMY, LHX, FE, PCG, NEE, NSC, T, ODFL, EQT, TMO, PKG, MSCI, LMT, VZ, NVR, BX, RF, SCHW, KMI, TFC, AXP, FITB, UAL, PGR, PNC, JNJ, MTB, WFC, STZ = 49

Negative: NXPI, REGN, BRO, ARE, TER, PCAR, ETR, ROP, ERIE, TMUS, AON, INTC, CNC, EMN, DOC, HCA, GILD, WY, PFG, SLB, FI, LKQ, TYL, POOL, IBM, WTW, MOH, PEP, PG, CMCSA, WST, TSCO, KDP, ORLY, UNP, XEL, VLO, ENPH, LII, OTIS, BKR, MAS, GD, TDY, AVY, CB, CME, NOC, RTX, HAL, KMB, UNH, SNA, MMC, JBHT, OMC, USB, KMX = 58
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TSLA +6.15, +2.15%, closed higher, its highest close since February 28. 


Mega caps TSLA, META, MSFT, BRK/B, TSM, AAPL, NVDA rose and AMZN, GOOGL, AVGO fell on Tuesday. 


SPY up 3.47 at 554.32, 47.4 million shares, below average volume
VIX down 0.98 at 24.17,
QQQ up 3.12 at 475.53

HON, SHW, AMGN, MRK led the DJIA, 25 advancers, +4
SBAC, CDNS, HON, ZBRA led the SPX, 368 advancers,
CDNS, HON, SNPS MSTR, MELI, PANW led the NDX, 74 advancers,

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

The SPY MFC green line is turned up at 69.5 and is short-term bullish. +5.7

Ten of eleven sectors were higher on Tuesday, led by XLF, XLB and XLP. 

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

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

3-month Intermediate Term Market Trend:  Down
3-day Short Term Market Trend Up 


74 of 100 NDX stocks closed higher on Tuesday.

66 NDX stocks are above their 30 DMA: EXC, CPRT, CCEP, COST, CRWD, CTAS, MNST, PLTR, ROST, EA, FAST, MSTR, AEP, MELI, NFLX, ADSK, AXON, BKNG, CDNS, CSGP, IDXX, TTWO, CEG, FTNT, INTU, ZS, AAPL, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DASH, DDOG, DXCM, GOOGL, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, PANW, QCOM, SNPS, TEAM, TSLA, TTD, WDAY, AMZN, APP, CHTR, PYPL, VRTX, CDW, ADBE, AZN, HON, META, NVDA, ORLY, PAYX, VRSK, XEL,

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 9
ADBE, AZN, HON, META, NVDA, ORLY, PAYX, VRSK, XEL,  


Moving Below 30 DMA = 3
NXPI, ON, REGN,



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