April 17- 21, 2023 Stock market notable movements

APRIL 21, 2023

It's another quiet trading session in the US market as market participants focus on corporate earnings. The stock ETFs/ benchmarks eeked a small gain - SPY +.08%  DIA +.10%  QQQ +.10%.

Stocks trading at 6 month high or at 52 weeks high:

• CMG +.09%  LLY +2.78%  

APRIL 20, 2023

The US stock market took a breather today, despite the dismal earnings, TSLA -9.75%

The stock ETF/ benchmark has avoided the full percentage decline, SPY -.55%  DIA -.31%  QQQ -.76%, these ETFs closed at or above their 20 & 50-day moving average support.

Notable earnings mover:

• TSLA -9.75% - closes near day low
• FFIV -2.11% this has exhibit buy the dip earnings price reaction
• IBM +.03%- the gap rally of nearly +4% day high has been sold off.

April 19,2023

Today marks day 4 of a quiet trading session in the US market, whereas the market index moved less than a full percentage.  SPY -.02%  DIA -.24%  QQQ -.05%.  

Corporate earnings news:

• NFLX -3.17%  post-earnings result.
• TSLA -8.16%  after-hours, post Q1 '23 earnings report- Q1 revenue $23.3B, EPS 73c,                          adj. EPS 85c, gross margin 19.3%
• UAL +7.50%  post-earnings result from Q1 adjusted loss $0.63 per share, revenue                                       $11.43B   reiterated 2023 adjusted EPS target between $10- $12,                           analyst consensus $8.68

Tesla on daily chart, beforeQ1 '23  earnings report

Stocks trading at 6 month high or at 52 weeks high:

• AAPL +.70%  CMG +1.49%  

Bitcoin pulled back from $30l levels, with the price hovering around $28.8k- $29.2k.  Stocks trading at 6 month high or at 52 weeks high:

 April 18, 2023

It's another quiet day in the US equities, DIA -.04%  QQQ +.01%  SPY +.07%.  Notable earnings for the week:

• 4/18 - NFLX  after market close
• 4/19 -  MS, TSLA, AA, FFIV, 

Stocks trading at 6 month high or at 52 weeks high:

• AAPL +.75%, CMG +.19%, BKNG +.77%, NVDA +2.46%

Bullish stocks:

• MARA +2.01%  RIOT +4.02%  MSTR +5.37% - are today's performers, note that these names follow Bitcoin price movement, Bitcoin is trading at 30,200 which appears as the current overhead resistance. 

April 17, 2023

It's a Merger & Acquisition Monday for the biotech sector, Merck has announced a private takeout of  RXDX for $200 per share or a $10.8B deal or +70% since last Friday's closing price Prometheus Biosciences announced buyout from Merck. The ETF XBI +4.66% rallied on the news, sending the ETF LABU +13.71% higher.

Biotech winners in lieu of RXDX buyout: 

•  KRTX +8.22%  ITCI +4.93%  SAGE +4.09% ICPT +6.23%  ACAD +7.67%

The US equities breadth for today's trading session was bullish.

• SPY +.36%  DIA +.32%  QQQ +.08% - these closed the trading session at their resistance level.

Stocks trading at 6 month high or at 52 weeks high:

• CMG +2.11%  FSLR +5.03% NTES +4.49%