The major averages slipped on Friday as investors took profits amid a flurry of earnings results and a robust profit beat from e-commerce giant Amazon.

The S&P 500 fell 0.7% to 4,181.17. 

Despite Friday’s weakness in equities, the S&P 500 notched its third straight month of gains in April, adding more than 5% to the index as investors bet on a big economic and profit recovery from the pandemic. The S&P 500 is now up 11% for the year. The benchmark closed at record levels on Thursday on the heels of blowout earnings results from Apple and Facebook.

More strong economic data was released on Friday, continuing a trend that’s lifted stocks all month. March spending jumped a better-than-expected 4.2%, while personal incomes surged by a massive 21.1% amid more fiscal stimulus.

Plan A : Short if market failed to support above 4194. Targets are 4169, 4143 and 4115.

Plan B : Long only if market supported firm above 4194. Targets are 4211, 4225 and 4242.

U.S. stock futures moved higher in overnight trading on Sunday as investors readied for the first trading day of May.

The Nasdaq Composite dropped 0.9% to 13,962.68.

Amazon’s results showed demand remained strong for its massive online retail business even as the economy started to open up some. Still, Amazon shares, up 40% in 12 months, closed in the red on Friday.

Investors will also be monitoring the next batch of corporate earnings. Lowe’s, Estee Lauder and ON Semiconductor report before the bell on Monday.

Manufacturing PMI data for April will be released at 9:45 a.m. ET on Monday, followed by ISM manufacturing at 10 a.m.

Plan A : Long if market supported firm above 13929. Targets are 13959, 13990 and 14022.

Plan B : Short if market failed to support above 13929. Targets are 13889, 13840 and 13799.