DIS Pops, NFLX Drops...JPM Soars after EPS...

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SPY, QQQ, DIA, IWM Continue to Rise in Rally Week 16…

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JPM +4.69%  after reporting EPS this morning.  This is an atypically strong reaction for JPM.  SPX EPS reactions this week: 4 positive:  DAL, FAST, JPM, PNC…2 negative: WFC, FRC

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DIS +11.54% gapped up to an all-time high after announcing a November launch of their new streaming service for $6.99 a month.  NFLX -4.49% gapped down on the DIS news which is viewed as direct competition. NFLX will report EPS on Tuesday, April 16. 

The DJIA, closed up 269 points at 26,412, led by strength in DIS, BA, GS, JPM, and MMM.  Tenth straight close above 26,000 since March 1.

Ten of eleven sectors were higher on Friday, led by financials XLF +1.84% and materials XLB +1.32%.

SPY up 1.95 at 290.16 on 69.7 million shares, 4% below average volume. Up on higher volume.

VIX down 1.01 at 12.01

Oil up .05 at 63.76

TLT down .88 at 122.67 on 7.0 million shares. 

DIS +11.54%, JPM +4.69%, led the DJIA, 24 advancers, +7

APC +32.01%, PXD +11.53% and CXO +8.75%, led the SPX.

CHKP +3.65%, ILMN +3.00%, SWKS +2.77%, and NXPI +2.75%, led the NDX.

Long term up trend intact.  3-day short term trend is up.

Up: DIA, SPY, QQQ, IWM,

Down:

Breadth strengthened on Friday, as advancers led 1,813 to 1,032 on the NYSE and led 1,693 to 1,327 on the NASDAQQ

The SPY MFC green line is at 96 and is intermediate and short-term bullish. 

Uptrend sectors: XLRE, XLU, XLP, XLY, XLK, XLI, XLC, XLB,

Neutral sectors:  XLV, XLF, XLE,

Down trend sectors:

The 6-month intermediate trend is sideways.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

73 of 100 NDX stocks closed higher on Friday.

88 NDX stocks are above their 30 DMA:  CDNS, CTRP, PYPL, XLNX, MELI, ULTA, VRSN, INTU, KLAC, SNPS, MDLZ, PAYX, WLTW, CSX, ALXN, GOOGL, VRSK, ADP, CHKP, CSCO, FOXA, CMCSA, JD, AAPL, PEP, INTC, MSFT, COST, XRAY, DLTR, ISRG, AMZN, NVDA, SYMC, NTAP, SBUX, ATVI, IDXX, NTES, TTWO, ALGN, AVGO, ORLY, AMD, ADBE, ALXN, FAST, ILMN, LULU, MAR, PCAR, AMAT, AMGN, ASML, CELG, CERN, CTSH, FB, GILD, HSIC, LRCX, MU, ROST, SWKS, ADI, ADSK, BIDU, CTAS, MCHP, MXIM, NXPI, TXN, WDC, WYNN, AAL, BKNG, LBTYA UAL, KHC, SIRI, CHTR, EXPE, CTXS, EA, TMUS, JBHT, HAS, QCOM,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

HAS, QCOM,  

Moving Below 30 DMA = 1

NFLX,

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