ABMD, KHC, AAPL, FB, ICE Deliver Treats while WDC, XYL, LNC Play Tricks on Halloween...

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Fri Nov 1 – 16 SP 500 stocks report EPS…

Fri Nov 1 – 8:00 am ET – October Jobs report

Fri Nov 1 – 10:00 am ET – ISM Mfg. index

The SPX, which hit an all-time new high of 3,050 on Wednesday, opened lower on Thursday after reports that China is doubtful a long term trade deal could be reached.  If the reports are accurate, they basically indicate the communist country isn’t interested in addressing intellectual property issues.  Notwithstanding the reports the SPX rebounded from Thursday’s lows to close down - 9.21, at 3037.

Positive EPS reactions included ABMD, KHC, AAPL, FB, CTSH, ICE, MET, BMY, CELG and SBUX.  Negative reactions included WDC, LNC, DLPH, BLL, HBI, EL, KLAC, VRTX and MGM.

The DJIA, closed down 140 points at 27,046 led by weakness in BA, MMM, CAT, GS and UNJ.  Closing above 27,000 for the fourth day in a row.

Two of eleven sectors were higher on Thursday, led by XLU, XLC and XLK.

SPY down .81 at 303.33 on 69.0 million shares, above average volume.  Down on higher volume.

VIX up .89 at 13.22

Oil down .76 at 54.14

TLT up 1.88 at 141.24 on 15.8 million shares

GLD up 1.41 at 142.43

AAPL, TRV, KO led the DJIA, 5 advancers, -15

ABMD, LKQ, BWA led the SPX, 153 advancers

KHC, IDXX, SIRI, AMD led the NDX, 25 advancers

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

Up: QQQ,   

Down:  SPY, DIA, IWM,                                   

Breadth weakened on Thursday as decliners led 1,821 to 1,119 on the NYSE and led 1,980 to 1,125 on the NASDAQ

The SPX MFC green line is above 80 at 96 and is short-term bullish. 

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

Neutral sectors:  XLI, XLC, XLB, XLY,

Down trend sectors: XLE,

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

3-month Intermediate Term Market Trend: Up a little

3-day Short Term Market Trend: Sideways

25 of 100 NDX stocks closed higher on Thursday.

74 NDX stocks are above their 30 DMA:  KLAC, AAPL, ASML, CTXS, CTAS, ALGN, CELG, CHTR, NVDA, XRAY, COST, LULU, SWKS, TSLA, EXPE, INTC, ISRG, ORLY, PAYX, AMGN, FAST, GOOGL, NTES, PCAR, SIRI, WYNN, AAL, AMD, INCY, VRTX, BKNG, ISRG, JBHT, JD, NTAP, QCOM, TMUS, UAL, WBA, FOXA, CSX, BIIB, KHC, ALXN, FB, MAR, ADP, AMAT, AMZN, AVGO, BMRN, LRCX, MCHP, MSFT, MU, PYPL, NFLX, VRSN, CHKP, CTRP, MXIM, NXPI, FISV, HSIC, MYL, ADBE, ADSK, ATVI, CSCO, EA, IDXX, PEP, CTSH, LBTYA,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 2

CTSH, LBTYA,

Moving Below 30 DMA = 7

CDNS, CERN, MELI, ROST, SNPS, WDC, WLTW,

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