EBAY, TRV, AXP Negative EPS Reaction...IWM Gains, Bull Flag Bounce, Near All-time High...

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SNA, DOV, DHR, IBM and GPC had a positive earnings reaction on Thursday.  EBAY, TRV and AXP were lower on a negative reaction.  MSFT reported after the close and rose in after-hours trading.  

Five sectors were higher on Thursday, led by real estate XLRE +0.95% and utilities XLU +0.92%.

The DJIA, closed down 134 points at 25,064, led by weakness in BA, TRV, AXP, UNH and JNJ.  This is the fifth consecutive close above 25,000 since June 15.

SPY down 1.06 at 280.00, on 61.4 million shares, 11% below average volume. Down on higher volume.

VIX up .77 at 12.87

Oil up .08 at 68.01

TLT up .77 at 122.26 on 6.1 million shares.

IBM +3.27%, DIS +1.30%, led the DJIA, 8 advancers, -7.

SNA +9.50%, DOV +5.30% and DHR +4.47%, led the SPX.
ORLY +3.00%, ULTA +2.70%, CMCSA +2.56%, and XRAY+2.49%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up:  IWM,

Down: SPY, DIA, QQQ,

Breadth strengthened slightly on Thursday, as advancers led 1,730 to 1,141 on the NYSE and led 1,559 to 1,335 on the NASDAQ

The SPY MFC green line is in the upper zone at 95, bullish. 

Uptrend sectors:  XLV, XLY, XLK, XLU, XLRE, XLP,

Neutral sectors: XLE, XLB, XLF, XLI,

Down trend sectors:

The 6-month intermediate and long-term trends are still up.  The three-month trend is now up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

41 of 100 NDX stocks closed higher on Thursday.

72 NDX stocks are above their 30 DMA.  

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 2

NVDA, XRAY

Moving Below 30 DMA = 8

ADI, ADSK, AMAT, CHTR, INCY, MU, STX, TMUS,

Intermediate-term trending stocks: 

RACE, ADBE, IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA, WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP, EL

BA, MU, MAR, CMA, CME, ANET, HRS, KORS,

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