3-Day Trend Shifts to Down...After-hours: NFLX, IBM Turn Down on EPS Reactions...

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After-hours:

NFLX -43.44, -11.99%, EPS .60 beat .55 est., revenue $4.923B miss $4.93B est.

IBM -1.91, -1.34%, EPS 3.17 adj. beat $3.07 est., sales 19.161B beat 19.16B est. 

The DJIA, closed down 115 points at 27,219, led by weakness in CAT, UTX, GS, TRV and MMM.  Closing above 27,000 for the fifth time. 

Two of eleven sectors were higher on Wednesday, led by utilities XLU +0.38% and healthcare XLV +0.02%. 

SPY down 1.97 at 297.74 on 44.1 million shares, 24% below average volume.  Down on higher volume.

VIX up 1.11 at 13.97

Oil down .90 at 56.58

TLT up 1.41 at 131.99 on 9.6 million shares.

BA +1.87%, UNH +0.75%, led the DJIA, 6 advancers, -4

HSY +3.76%, ABT +3.13% and CAG +2.91%, led the SPX.

CTAS +8.74%, ASML +6.18%, KLAC +2.44% and WDAY +2.11% led the NDX.

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

Up:  

Down: DIA, QQQ, SPY, IWM,

Breadth weakened on Wednesday, as decliners led 1,812 to 1,063 on the NYSE and led 1,964 to 1,101 on the NASDAQ

The SPY MFC green line is pointed down in the upper zone at 95 and is counter-trend defensive. 

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

Neutral sectors:  XLE,

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: Down

40 of 100 NDX stocks closed higher on Wednesday.

74 NDX stocks are above their 30 DMA:   CERN, CTAS, CHTR, IDXX, TTWO, MELI, MDLZ, WLTW, COST, HAS, SBUX, VRSN, EXPE, FISV, INTU,  PYPL, SNPS, MSFT, MXIM, ROST, BKNG, CTSH, MAR, AAPL, ADI, AMZN, CDNS, DLTR, INTC, WBA, CTXS, UAL, AAL, ATVI, LULU, SIRI, FB, TSLA, ADBE, SYMC, AMAT, ASML, AVGO, JD, KLAC, MCHP,  NVDA, SWKS, TXN, WYNN, XLNX, MNST, QCOM, WDC, AMD, CTRP, MU, CHKP, FOXA, VRSK, ADSK, CMCSA, GOOGL, WDAY, CSCO, ORLY, ULTA, LRCX, TMUS, JBHT, NXPI,  ADP, ISRG, VRTX,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 3

ADP, ISRG, VRTX,

Moving Below 30 DMA = 8

CSX, EBAY, HSIC, MYL, NFLX, PAYX, PCAR, PEP,

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