GDP, Durable Goods Better than Expected...SPX Falls after BOJ Announcement on Possible Policy Changes...ALGN, LRCX, RCL, META Gain after EPS...After-hours KLAC, FSLR Rise...

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-Breadth was weaker on Thursday.

-GDP 2.4% vs 1.8%, higher than expected.

-Durable Goods Orders M/M 4.7% vs 0.5% better than expected.

-Dollar falls against the Yen and US stocks fall at 1 pm ET after BOJ announces

-possible tweak to yield-curve control policy, SPX -29.34

-EPS Gainers: ALGN +45.46, +12.84%, LRCX +59.58, +9.28%,

-RCL +8.80, +8.72%, META +13.38, +4.40%,

-AAPL -1.28, 193.22, breakout test.

-TSLA -8.64, -3.27%, at short-term support, close below 30 DMA.

-Regional banks were lower: KRE -.83, -1.70%, ZION -.84, -2.18%.

-After-hours EPS: KLAC +24.50, +5.35%, FSLR +14.70, +7.39%. 

Friday, day 12 of Q2 Earnings Season with 11 SPX companies reporting BMO: AON, BEN, CHD, CHTR, CL, CNC, CVX, NWL, PG, TROW, XOM.

166 SPX companies report this week.

First day reaction: Q2 …

Positive:  ALGN, TXT, LRCX, RCL, STX, CMCSA, ABBV, IP, META, CARR, TSCO, WAB, KDP, IEX, PNR, AMT, MCD, UNP, BA, ODFL, GOOGL, ADP, CB,, APH, EQT, CME, OTIS, FTV, TEL, GD, KO, PKG, MSCI, GE, PHM, FFIV, MMM, NXPI, ADM, SHW, BRO, GLW, NVR, DOW, MCO, ROP, ZION, JNJ, ABT, KEY, UAL FCX, FITB, MKTX, IBM, KMI, TRV, MMC, NTRS, USB, CFG, ELV, JBHT, MTB, SCHW, MS, BAC, BK PNC, SYF, UNH, PEP = 73

Neutral: PTC, MAS, AWK, BSX, VLO, NSC, URI, LIN, TMO, T, HES, HLT, V, VZ, ARE, NEE, GEHC, DHR, DPZ, COF, WRB, PPG, HBAN, PM, GS, BKR, JPM, WFC, CAG, CTAS, DAL = 31

Negative:  EBAY, CMG, EW, LUV, ROL, WTW, SPGI, BAX, WST, FTI, LHX, TYL, CBRE, HON, GWW, ORLY, UDR, BMY, LKQ, TER, XEL, NOW, MLM, ACGL, CMS, HSY, KIM, CNP, AEP, NOC, GL, VICI, MAA, HCA, RJF, MA, EG, AOS, INVH, PCG, AMP, DTE, LH, MOH, CSGP, ALLE, TDY, DGX, RHI, UHS, TXN, WM, MSFT, PI,  RTX, ALK, IVZ, LW, DOV, GM, KMB, WHR, PCAR, BIIB, AVY, CDNS, IPG, CMA, AXP, CSX, ISRG, RF, SLB, DFS, TSLA, EFX, NFLX, GPC, SNA, TFC, AAL, NEM, LVS, CCI, STLD, DHI, POOL, OMC, HAL, NDAQ, HAS, LMT, PLD, STT, C, BLK, PGR, FAST = 99

Mega caps META, NVDA, GOOGL, AMZN rose and AAPL, MSFT, TSLA fell.

SPY down 3.02 at 452.49, on 92.1 million shares, above average volume, down on higher volume.  

VIX up 1.22 at 14.41

QQQ down .90 at 376.62,

DOW, IBM, MCD, JNJ led the DJIA, 9 advancers, -10

TXT, RCL, STX, WDC led the SPX, 119 advancers

ALGN, LRCX, CMCSA, MU led the NDX, 35 advancers.

The two-year trend term is sideways.  The one-year trend is up.

Up: 

Down:  QQQ, SPY, DIA, IWM,

One of eleven sectors was higher on Thursday, led by XLC, XLK and XLE.

The SPY MFC green line is pointed down at 88.8 and is counter-trend defensive.  SPY open higher, reversed after BOJ indicated it may tweak it’s yield curve and closed lower.

Uptrend sectors:   XLK, XLC, XLY, XLI, XLF, XLB, XLRE,

Neutral sectors:  XLV, XLP, XLU, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down a little

35 of 100 NDX stocks closed higher on Thursday.

70 NDX stock are above their 30 DMA:  AAPL, NVDA, CEG, META, TTD, VRSK, FTNT, AVGO, WDAY, ADBE, PANW, NXPI, COST, PDD, BKR, CSX, MCHP, ABNB, PCAR, SIRI, ADI, INTU, ROST, ODFL, IDXX, PYPL, ON, DLTR, ADP, CHTR, CMCSA, EA, EXC, CTSH, DDOG, MAR, TMUS, LCID, PAYX, BKNG, FANG, AMGN, ANSS, CTAS, MRVL, SBUX, SNPS, ZM, PDD, QCOM, KDP, CSCO, FAST, KHC, MRNA, PEP, JD, MNST, ADI, CRWD, INTC, MU, WBA, GOOGL, LRCX, ZS, ALGN, AMAT, CDNS, KLAC, REGN,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

ALGN, AMAT, CDNS, KLAC, REGN,

Moving Below 30 DMA = 13

ADSK, AEP, DXCM, EBAY, ENPH, HON, LULU, MDLZ, ORLY, TEAM, VRTX, WBD, XEL,

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