IWM, DIA Rise as FB Drags QQQ Lower...AMZN Gaps Up in After-hours on EPS Reaction...

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Today QQQ closed down following the -18.96% drop in FB. 

AMD, DHI, ALK, AAL, MDLZ, ORLY, and CELG had a positive earnings reaction on Thursday.  MCD, ALGN and GILD were lower on a negative reaction. 

AMZN +57.50, +3.18%, EXPE +9.14%, LRCX +4.73%, moved higher after the close.    INTC, EA, reported after the close and were in lower after-hours trading. 

Reported: 

Positive Reactions:  HAS, GOOG, CDNS, BIIB, PCAR, UTX, VZ, MMM, AVY, HOG, IQV, GRUB, FLIR, GLW, HCA, RHI, WM, ROK, UPS, SIRI, CHKP, VRTX, CTXS, QCOM, XLNX, MDLZ, KO, ORLY, MDLZ, AAL, CMCSA, EXPE, LRCX, AMZN, CELG,

Negative Reactions:  TXN, FB, PYPL, ALGN, GILD, BA, V, MCD, INTC, EA,

Earning reports this week coming from:

NDX stocks: MXIM, SBUX, and WDC. 

DJIA stocks: MRK, XOM and CVX.

Six sectors were higher on Thursday, led by energy XLE +1.09% and utilities XLU +1.07%.

The DJIA, closed up 112 points at 25,527, led by strength in MMM, BA, TRV, DIS and UNH.  This is the tenth consecutive close above 25,000 since June 15.

SPY down .67 at 283.34, on 57.9 million shares, 16% below average volume. Down on lower volume.

VIX down .15 at 12.14

Oil up .28 at 69.54

TLT down .23 at 119.26 on 6.8 million shares.

TRV +2.54%, DIS +2.10%, led the DJIA, 20 advancers, -5.

AMD +14.33%, DHI +10.88% and ALK +9.56%, led the SPX.

XLNX +9.59%, QCOM +7.00%, AAL +4.79%, and CHTR +4.46%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: IWM, DIA,

Down: SPY, QQQ,

Breadth weakened slightly on Thursday, as advancers led 1,709 to 1,193 on the NYSE and led 1,592 to 1,329 on the NASDAQ

The SPY MFC green line is in the upper zone at 92.99, bullish. 

Uptrend sectors:  XLV, XLY, XLK, XLU, XLRE, XLP,

Neutral sectors: XLE, XLB, XLF, XLI,

Down trend sectors:

The 6-month intermediate and long-term trends are still up.  The three-month trend is now up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

45 of 100 NDX stocks closed higher on Thursday.

71 NDX stocks are above their 30 DMA.  COST, AMGN, REGN, HAS, MDLZ, MNST, HOLX, HSIC, NTES, CTSH, ALXN, ISRG, AMZN, CTRP, GILD, IDXX, INTU, SHPG, TTWO, BMRN, CELG, ILMN, VRTX, CDNS, CHKP, EXPE, FISV, BIIB, CA, CTAS, FB, GOOGL, MELI, ORLY, PAYX, PYPL, VRSK, WDAY, CTXS, MSFT, ULTA, SNPS, FAST, AAPL, ADBE, ADP, ALGN, DLTR, QCOM, TXN, WBA, ASML, PCAR, ROST, XLNX, CSX, XRAY, INTC, ADSK, BIDU, BKNG, CERN, CSCO, MAR, SBUX, SIRI, AAL, AMAT, CMCSA, LRCX, QRTEA,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

AAL, AMAT, CMCSA, LRCX, QRTEA,

Moving Below 30 DMA = 5

ATVI, EA, FB, NVDA, WYNN,

Intermediate-term trending stocks: 

RACE, ADBE, IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA, WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP, EL

BA, MU, MAR, CMA, CME, ANET, HRS, KORS,

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