©
2025
SPX +3.54, 5,528,
opened flat, rallied, after 15 minutes reversed and sold off rapidly when news
hit the market about a massive power outage in Spain and Portugal, and then
rallied the final two and a half hours of the day to close slightly higher. The DJI, 40,227 +0.28%, and NDX -0.03% paused after
a four day rally last week.
Breadth strengthened as advancers increased on
the exchanges and in the indexes. Light volume selling was in control in the
morning after the power outage news, however buying was clearly in control
during the afternoon. Net change advancing capital was larger than net
declining capital in both the SPX and NDX.
PCE Price Index consensus forecast M/M 0.0%, Y/Y 2.2%, report
at 10:00 am ET Wednesday.
Monday session insight: Light volume pullbacks
are usually bullish. You inhale and exhale every day,
market price fluctuates, every day. Welcome to trading and yes, please keep breathing, it's a good way to live.
________________________________________________________________
EPS Q1 on Tuesday BMO: AMT, AOS, ECL, ETR,
GLW, GM, HLT, HON, INCY, KHC, KO, LH, MLM, MO, PCAR, PFE, PYPL, RCL, REGN, SHW,
SPGI, SYY, UPS, XYL, ZBRA report.
AMC: ACGL, BKNG, BXP, CSGP, CZR, EIX, EQR, ESS, EXR, FICO, FSLR, MDLZ,
OKE, PPG, REG, SBUX, SMCI, STX, V, VLTO.
184 total SPX companies report this week.
First
day reaction:
Q1
Positive: 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 = 74
Neutral: 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 =
38
Negative: 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 = 51
________________________________________________________________
TSLA +0.93, +0.33%, closed
higher, its highest close since March 25.
Mega caps META, AAPL, TSLA, AVGO rose and BRK/B, MSFT, AMZN, GOOGL, TSM, NVDA fell on Monday.
SPY up 0.21 at 550.85, 47.4 million
shares, below average volume
VIX up .31 at 25.15,
QQQ down 0.15 at 472.41
BA, IBM, VZ, CVX led the DJIA, 21 advancers, +8
ABBV, CNC, GILD, WY, GPN led the SPX, 332 advancers,
GILD, APP, INTC, ZS led the NDX, 59 advancers,
Up: IWM, DIA, SPY,
Down: QQQ,
The SPY
MFC green line is turned up at 63.8 and is short-term bullish. +7.9
Nine of eleven sectors
were higher on Monday, led by XLE, XLRE and XLU.
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
59 of 100 NDX stocks closed higher on Monday.
60 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, NXPI, ON, PANW, QCOM, SNPS, TEAM, TSLA, TTD, WDAY, AMZN, APP, CHTR, PYPL,
VRTX, CDW, REGN,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 2
CDW, REGN,
Moving Below 30 DMA = 2
ASML,
NVDA,
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