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QQQ, SPY and DIA opened on a gap up, trended and closed higher
on Thursday.
Earnings Reactions Q3 beginning Oct 12:
Up: BAC, MS, UNH, WBA, BLK, FRC, FAST
Neutral: DPZ, PGR
Down: DAL, JPM
SPX closed at 4,438 and NDX closed at 15,052.
SPY up 7.32 at 442.50, on 70.2 million shares, below average volume, up on slightly lower
volume.
VIX down 1.78 at 16.86
QQQ up 6.63, +1.84% at 366.63
WBA, UNH, DOW, INTC led the DJIA, 28 advancers, +12
APA, HFC, CARR, BAC led the SPX, 476 advancers.
ASML, LRCX, PYPL, NVDA led the NDX, 90 advancers.
The two-year trend term is up. The one-year trend is up.
Up: QQQ, SPY, DIA, IWM,
Down:
SPY = MACD divergence trigger
DIA = MACD divergence trigger
QQQ = MACD divergence continuation
IWM =
channel bounce up
All eleven
sectors were higher on Thursday, led by XLB,
XLK and XLI.
Basic Materials leaders: MLM, FCX, FMC, APD
Technology leaders: LRCX, WDC, FIS, PYPL
Industrials leaders: CARR,
ETN, UPS, URI
Advancers strengthened on Thursday as advancers led 2,556 to 756 on the NYSE
and led 3,042 to 1,509 on the NASDAQ.
The SPY MFC green line
is pointed up at 37.5 and is bullish. SPY is a MACD divergence bounce trigger.
Uptrend sectors: XLE, XLF, XLY, XLK, XLRE, XLC, XLV,
Neutral sectors: XLP, XLU, XLI, XLB,
Down trend sectors:
The 6-month intermediate trend is up. The
ten-day trend is up.
3-month Intermediate Term Market Trend: Up a little
3-day Short Term Market Trend: Up
90 of 100 NDX stocks
closed higher on Thursday.
46 NDX stocks are above their 30 DMA: NFLX, TSLA, BKNG, MTCH, MAR, FOXA, SGEN, TCOM,
KHC, DLTR, PAYX, ADP, CSX, ORLY, TEAM, CTAS, MRVL, NTES, PEP, VRSK, EBAY, KDP,
XLNX, BIDU, JD, SPLK, CHKP, AMD, CRWD, DXCM, MSFT, WDAY, ADSK, ANSS, AVGO,
CPRT, CTSH, EXC, GOOGL, INTC, MDLZ, NVDA, OKTA, WBA, XEL,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 13
ADSK, ANSS, AVGO, CPRT,
CTSH, EXC, GOOGL, INTC, MDLZ, NVDA, OKTA, WBA, XEL,
Moving Below 30 DMA = 1
PDD,
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