SPX, DJI, NDX Closed Lower...Energy, Health Care Led Sectors...DDOG Positive EPS Reaction, DASH Negative EPS Reaction...

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SPX -75.97, 6,796, closed below 6,800.  Breadth weakened on Thursday as decliners and declining capital increased.  Government shutdown continued for the thirty seveth day.  Apparently, politicians continue to prioritize their political objectives over a fully functioning government. 

SPY breaks 2-day support and closes lower on a 7-day pullback breakout test.  The visual evidence continues to indicate that even with the short-term pullback, the intermediate trend is more probable to continue rising.  Remember an uptrend is a series of higher highs and higher lows.  To be an uptrend there must be a pullback to a higher low.  The four-week SPY trend is up.  The three- and six-month trends are up.  Dave

Earnings: There have been more than 130 SPX earnings reports this week.

BEN CEG DUK KKR report EPS before the open on Friday. 

NDX -1.91%, 6-day bull flag pullback. 

DJI, 46,912, -0.84%, 7-day bull flag pullback, led by CRM, MSFT and MCD.

DDOG +35.84, +23.13%, a positive EPS reaction and DASH -41.54, -14.45%, a negative EPS reaction.

NVDA -7.13, -3.65%, bull flag pullback.

AVGO -3.39, -0.94%, re-breakout setup.

ORCL -6.51, -2.60%, remained below short and intermediate-term support, eight-week consolidation.

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

SPY down -7.27 at 670.31, 94.9 million shares, above average volume.

VIX up +1.49 at 19.50,

QQQ down -11.61 at 611.67

IBM, MRK, KO, JPM led DJIA, 10 advancers, -4

DDOG, TPL, APA, APD led SPX, 163 advancers,

DDOG, AZN, FANG, BIIB led NDX, 17 advancers.

Up:

Down: DIA, SPY, IWM, QQQ,

The SPY MFC green line is pointed down at 67.4 and price-action is defensive. -5.2

Two of eleven sectors were higher on Thursday led by XLE, XLV and XLF. 

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

Neutral sectors: XLB, XLRE,

Down trend sectors: XLP,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down 

17 of 100 NDX stocks closed higher on Thursday.

35 NDX stocks are above their 30 DMA: MU, ASML, LRCX, WBD, ZS, CRWD, AMAT, MRVL, EA, AEP, VRTX, AMD, AMGN, GILD, AAPL, GOOGL, KLAC, ROST, CSCO, ISRG, BIIB, MDB, QCOM, CTSH, AVGO, MRVL, PDD, AMZN, REGN, TSLA, IDXX, MAR, PCAR, AZN, DDOG,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 2

AZN, DDOG,     

Moving Below 30 DMA = 13

COST, FTNT, GEHC, GFS, INTC, KDP, MELI, NVDA, ODFL, PANW, PLTR, TEAM, XEL,

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