SPX Gains Again...AAPL Record Profits with Soft Guidance Down 6% in After-hours...Weighs on QQQ, DIA, SPY...

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Earnings season continued on Thursday. Positive reactions included NFX, ABMD, NXPI, CHD, DWDP, PWR, and AME.  Negative reactions: W, ECA, TYL, FISV, HBI

The DJIA, closed up 264 points at 25,380, led by strength in BA, HD, DWDP, CAT and UTX.  This is the second close above 25,000 in five days.

Ten of eleven sectors were higher on Thursday, led by materials XLB +2.81% and discretionary XLY +2.04%.

SPY up 2.88 at 273.51, on 99.4 million shares, 18% below average volume. Up on lower volume.

VIX down 1.89 at 19.34 

Oil down 1.32 at 63.54

TLT down .17 at 113.41 on 6.1 million shares. 

DWDP +8.07%, INTC +2.86%, led the DJIA, 21 advancers, -1.

NFX +16.14%, AMD +11.04%and ABMD +10.47%, led the SPX.

WYNN +11.96%, WDC +9.31%, JD +8.21%, and AMAT +7.51% led the NDX.

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

Up: IWM, QQQ, SPY, DIA,

Down:

Breadth strengthened on Thursday, as advancers led 2,250 to 702 on the NYSE and led 2,309 to 722 on the NASDAQ

The SPY MFC green line is pointed up at 23 and is short-term bullish.

Uptrend sectors:   XLU, XLP,

Neutral sectors:  XLV, XLRE,

Down trend sectors: XLK, XLY, XLI, XLF, XLE, XLC, XLB,

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

81 of 100 NDX stocks closed higher on Thursday.

37 NDX stocks are above their 30 DMA.  SBUX, WBA, CDNS, TSLA, PEP, XLNX, CA, ROST, CMCSA, DLTR, ESRX, EXPE, INTC, QRTEA, SHPG, CHTR, COST, MELI, PYPL, TMUS, TTWO, AAL, AAPL, ADI, BKNG, FOXA, HSIC, INCY, JD, KHC, LRCX, MAR, MDLZ, MXIM, NTES, SWKS, WDAY,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 16

AAL, AAPL, ADI, BKNG, FOXA, HSIC, INCY, JD, KHC, LRCX, MAR, MDLZ, MXIM, NTES, SWKS, WDAY,

Moving Below 30 DMA = 1

VRSK,

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