SPX Opens Lower, Closes Higher...Hit After-hours as AAPL Lowers Q1 Revenue Guidance...

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S&P futures were down about 45 points after the release overnight of new data showing that China’s December manufacturing output dropped more than expected.  The SPX opened down about 30 points and rallied throughout the day to close 3 points higher. 

After the close, trading in AAPL was halted and the company disclosed that Q1 revenue guidance was being lowered from a range of $89 - $93 billion to $84 billion.  The stock dropped more than -7% to $146 in after-hours trading.  S&P futures fell more than 35 points while the NQ futures were down more than 130 points.

FRC replaced SCG in the SPX today.

The DJIA, closed up 18 points at 23,346, led by strength in GS, VX, UTX, JPM and IBM.  This is the eighteenth close below 25,000 since Dec 6.

Seven of eleven sectors were higher on Wednesday, led by energy XLE +1.97% and communication services XLC +1.33%.

SPY up .26 at 250.18 on 126.8 million shares, 8% below average volume. Up on lower volume.

VIX down 2.20 at 23.22 

Oil up .52 at 46.33

TLT up .64 at 122.15 on 19.8 million shares. 

GS +2.98%, XOM +2.20%, led the DJIA, 15 advancers, -15

SWN +9.09%, GE +6.34% and COTY +5.95%, led the SPX.

WYNN +5.55%, CELG +3.98%, FB +3.50%, and WDC +3.49% led the NDX.

Long term up trend intact.  3-day short term trend is up slightly.

Up:  IWM, QQQ, SPY, DIA,

Down:

Breadth strengthened slightly on Wednesday, as advancers led 2,083 to 899 on the NYSE and led 2,188 to 899 on the NASDAQ

The SPY MFC green line pointed up at 33 and is short-term bullish.

Uptrend sectors:  

Neutral sectors:  XLU, XLRE, XLB,

Down trend sectors: XLV, XLP, XLI, XLY, XLC, XLK, XLF, XLE,

The 6-month intermediate trend is down.  The ten-day trend is down slightly.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

54 of 100 NDX stocks closed higher on Wednesday.

13 NDX stock is above its 30 DMA:  AVGO, DLTR, REGN, WDAY, XRAY, QCOM, PCAR, PYPL, ROST, EBAY, GOOGL, JD, LULU,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 4

EBAY, GOOGL, JD, LULU,

Moving Below 30 DMA = 2

AMGN, CDNS,

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