SPX, NDX New all-time Closing High...Breadth Weakens on Afternoon Pullback...Energy, Technology, Communication Services Lead Sectors...After-hours: IBM up, TSLA down on Earnings Reactions...

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The SPX +3.95 closed at a new all-time high as did NDX. The SPX and NDX peaked around 1 pm ET and pulled back during the last three hours of trading, before TSLA earnings after the close and the GDP report that reports before the open Thursday.

AMD, HAL, AMAT, ZION, AVGO, ORCL, SMH, ADBE were among the advancers on Wednesday.  NDX 17,499 closes at a new all-time closing high.

NFLX +52.68, +10.70%, positive EPS reaction.  TXN -4.27, -2.45%, negative EPS reaction.

After-hours:  IBM +14.27, +8.20%, positive EPS reaction.  TSLA -12.38, -5.96%, negative EPS reaction.

GDP report Thursday at 8:30 am ET. 

Personal Income and Outlays, PCE report Friday at 8:30 am ET.

Thursday day 9 of Q4 earnings season continues with 14 SPX companies AAL, BX, CMCSA, DOW, HUM, LUV, MKC, MMC, NEE, NOC, SHW, UNP, VLO, XEL, reporting BMO and 10 AJG, COF, FICO, INTC, KLAC, LHX, TMUS, V, WDC, WY reporting AMC.  74 SPX companies report this week. 

First day reaction: Q4

Positive:  NFLX, TXT, TEL, GD, FCX, APH, VZ, RTX, UAL, BRO, PG, PCAR, HAL, TRV, RF, HBAN, FITB, SLB, STT, FAST, JBHT, MTB, CFG, BK, C = 25

Neutral:  STLD, ELV, ISRG, SYF, GE, CMA, TFC, GS, PNC, BLK, JPM = 11

Negative:  KMB, TDY, BKR, T, ABT, TXN,  MMM, DHI, IVZ, LMT, JNJ, ZION, PPG, DFS, KEY, NTRS, KMI, PLD, USB, SCHW, MS, DAL, UNH, WFC, BAC, = 25

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

SPY up .53 at 485.39 on 81.7.8 million shares, average volume, closed higher on higher volume. 

VIX up .59 at 13.14

QQQ up 2.35 at 425.83

CVX, BA, MSFT, JPM led the DJIA, 10 advancers, -9

NFLX, TXT, TEL, GD PGR led the SPX, 142 advancers 

NFLX, ASML, AMD, AMAT led the NDX, 35 advancers.

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

Up:   QQQ, SPY,

Down:  DIA, IWM,

Four of eleven sectors were higher on Wednesday, led by XLE, XLK and XLC.

The SPY MFC green line is pointed up at 94.5 and is short-term bullish. 

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

Neutral sectors: 

Down trend sectors:  XLE,

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: Up

35 of 100 NDX stocks closed higher on Wednesday.

69 NDX stocks are above their 30 DMA:  CRWD, CTAS, ROST, TMUS, DXCM, AMD, QCOM, COST, ZS, BKNG, MAR, ISRG, MRNA, TEAM, REGN, AMGN, ILMN, AVGO, MRVL, MU, ANSS, FTNT, META, VRTX, CSCO, CCEP, SPLK, GOOG, ADP, MDLZ, ADSK, NVDA, AMZN, CTSH, DASH, DDOG, GOOGL, LRCX, MSFT, NFLX, WDAY, PANW, TTWO, MELI, CDNS, ORLY, ROP, VRSK, SIRI, AMAT, ASML, CDW, FAST, INTC, INTU, KLAC, PCAR, PYPL, TXN, AAPL, ABNB, ADBE, ADI, CMCSA, CPRT, GFS, MCHP, MDB, PAYX, SNPS, EA, NXPI,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 4

CEG, CHTR, CSX, ODFL,

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