SPX, NDX Test Breakout after WMT EPS and Soft Guidance, Recover from Morning Lows, Closed Lower...After-hours: BKNG Up, AKAM Lower...

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SPX -26.63, 6,117, a breakout test and re-breakout after Wednesday’s new all-time closing high. Stocks pulled back after the open after lower-than-expected guidance from WMT before the open, weakness in COST and other retail stocks, a continued bull flag pullback from PLTR, weakness in cruise stocks after comments late Wednesday from Commerce Secretary Lutnick regarding taxation of cruise lines.  Both SPY and QQQ, along with many individual stock made their lows during the first hour of trading.  A slow rally for the balance of the day lifted the ETFs to a modest loss for the day.

The DJI, 44,176, -1.01%, closed lower.  NDX -0.48% a breakout test formed a long-tailed hammer.

TSLA -6.16, -1.71%, channel bounce four-day grinder, formed small red candle.

Thursday EPS reactions: HAS +7.92, +12.95%, BAX +2.62, +8.50%, LKQ +2.35, +5.96%, EPAM -33.04, -12.80%, WMT -6.79, -6.53%,

After-hours EPS reactions: BKNG +106.77, +2.13%, AKAM -7.06, -7.20%, PODD -11.29, -3.92%,

Mega caps NVDA, AAPL, MSFT rose, and GOOGL, BRK/B, TSM, AVGO META, AMZN, TSLA on Thursday. 

SPY down 2.55 at 610.38, 36.5 million shares, below average volume

VIX up .39 at 15.66

QQQ down 2.29 at 537.23

MRK, AMGN, VZ, JNJ led the DJIA, 13 advancers, -5

HAS, BAX, LKQ, SJM led the SPX, 236 advancers,

TXN, PEP, GILD, VRTX led the NDX, 43 advancers

Up:

Down: SPY, QQQ, DIA, IWM,

The SPY MFC green is up at 97 and is short-term bullish. +2.7.

Three of eleven sectors were higher on Thursday.

Uptrend sectors: XLC, XLF, XLI, XLY, XLK, XLU,

Neutral sectors: XLE, XLRE, XLB, XLP, XLV,

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: Sideways

43 of 100 NDX stocks closed higher on Thursday.

74 NDX stocks are above their 30 DMA:  CEG, BKR, KLAC, CDW, GEHC, ISRG, AEP, EXC, PAYX, QCOM, AMGN, MELI, META, PDD, ADP, AZN, LIN, SBUX, APP, CTAS, DASH, CRWD, FTNT, GILD, ORLY, ROP, VRSK, VRTX, ZS, CTSH, MDB, NFLX, PLTR, TEAM, CCEP, COST, TMUS, CSCO, CPRT, IDXX, LRCX, XEL, PANW, ODFL, ABNB, BKNG, MDLZ, TTWO, ADBE, ASML, CHTR, INTC, KDP, AAPL, GFS, NXPI, FAST, MNST, NVDA, WBD, ADI, DXCM, MCHP, MU, CDW, CMCSA, CSGP, KHC, MAR, WDAY, ON, TXN, PEP, REGN,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 2

PEP, REGN, 

Moving Below 30 DMA = 1

AVGO,

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