SPX Rallies after WHO Comment on Coronavirus...TSLA, NOW, MDLZ, HSY, LRCX, MSFT Up on Positive EPS Reactions...

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Earnings Season Day 12.  Wednesday afternoon AMC 21 and Thursday BMO 33 more SP 500 company reported.

Gainers: NOW, MDLZ, FBHS, BEN, CTVA, ADM, HSY, LRCX, MSCI, KO, PH, ROP, ESS, MSFT, AMP, LVS, DOV, VLO, XEL, LLY, WED, DGX, CMS, DRE, MAA, NOC, ALGN, PYPL, +28

Decliners: DD, URI, UPS, ALXN, FB, ILMN, PKG, GWW, MO, TMO, SHW, IEX, KIM, TFC, VAR, IP, ADS, BIIB, WRKK, TSCO, MM, ABC, HOLX, QRVO, RTN, VZ, -26

The SPX rallied sharply Thursday after the WHO declared a global health emergency and indicated confidence in China’s capacity to control outbreak.

After the close AMZN +182.32, +9.35%, WDC +4.04, +6.03% had positive EPS reactions, while V -5.16, -2.48% and EA -3.44, -3.08% had negative reactions.

Seven of eleven sectors were higher on Thursday, led by XLF, XLP and XLU.

SPY up 1.06 at 327.68 on 75.4 million shares, above average volume.  Up on higher volume.

VIX down .90 at 15.49

KO, MSFT, GS led the DJIA, 18 advancers, +18

NOW, FBHS, BEN led the SPX, 293 advancers

TSLA, MDLZ, LRCX, AAL led the NDX, 59 advancers

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

Up: DIA, QQQ, SPY, IWM,

Down:

Breadth strengthened slightly on Thursday as advancers led 1,520 to 1,385 on the NYSE and decliners led 1,891 to 1,327 on the NASDAQ

The SPX MFC green line is below 80 and is pointed down at 64 and is defensive. 

Uptrend sectors:  XLU, XLK, XLRE, XLP, XLC, XLI, XLY, XLV, XLF,

Neutral sectors:  XLB,

Down trend sectors: XLE,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

59 of 100 NDX stocks closed higher on Thursday.

55 NDX stocks are above their 30 DMA:  AAPL, MSFT, ADBE, ADSK, EA, LULU, MNST, WLTW, VRSK, GOOGL, NXPI, JD, NVDA, TSLA, ULTA, VRSN, CSX, PYPL, WDC, CTAS, CDNS, INTU, XEL, EXC, NFLX, SNPS, IDXX, INTC,  ANSS, CPRT, CSGP, SPLK, TMUS, CTXS, MELI, WDAY, FISV, VRTX, PAYX, COST, CHKP, PEP, SIRI, AMZN, ATVI, AVGO, CTSH, LRCX, NTES, TTWO, ADP, AMD, MDLZ, MXIM, SIRI,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

ADP, AMD, MDLZ, MXIM, SIRI,

Moving Below 30 DMA = 2

BMRN, FB,

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