SPX Lower After Weekly Jobless Claims...AAPL, AMZN, WDC Lower in After-hours...

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The SPX -27.08, -0.92%, pulled back on Thursday and finished April +12.68%, reportedly the best monthly gain since Jan 1987.  

FB, MSFT and TSLA reported EPS after the close on Wednesday and initially had positive reactions.  Futures had been higher over night but turned lower after the weekly Jobless Claims report was higher than expected Thursday before the open.

The SPX is a one-day bull flag setup and horizontal resistance breakout test.

In after-hours trading AMZN -119.00, -4.81%, AAPL -7.50, -2.55%, WDC -4.68, -10.16%, V -1.32, -0.74%, moved lower after reporting EPS.

Most of this week’s 171 scheduled EPS reports from SPX companies are out and the SPX is up for the week through Thursday.  Friday’s trading will reflect the impact of AMZN, AAPL, WDC and others that reported after the close on Thursday and before the open on Friday.

Before the open Thursday, ZM was added to the Nasdaq 100 replacing WLTW which is being acquired by AON.

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All eleven sectors were lower on Thursday, led by XLC, XLK and XLV

SPY down 2.73 at 290.48 on 122.9 million shares, below average volume, Down on higher volume.

VIX up 2.92 at 34.15

AAPL, UNH, BA led the DJIA, 6 advancers, -18

GCI, ABMD, NOW DLPH led the SPX, 72 advancers

FB, AMZN, CTXS LBTYA led the NDX, 23 advancers

The two-year trend term is up.  The one-year trend is sideways.

A new uptrend has emerged following a higher low W pattern reversal. 3-day short term trend is up.

Up:

Down: QQQ, SPY, DIA, IWM,

Breadth weakened on Thursday as decliners led 2,159 to 793 on the NYSE and led 2,393 to 907 on the NASDAQ

The SPX MFC green line is pointed up at 95 and is a short-term bullish.

Uptrend sectors:  XLV, XLK, XLP, XLY, XLC, XLB, XLU,

Neutral sectors:  XLRE, XLI, XLF, XLE,

Down trend sectors:

The 6-month intermediate trend is down a little.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

23 of 100 NDX stocks closed higher on Thursday.

95 NDX stocks are above their 30 DMA:  SGEN, AMZN, CDNS, NFLX, REGN, TTWO, VRTX, ALXN, NTES, INCY, AMGN, ATVI, CHKP, CSCO, EA, ILMN, INTC, KHC, VRSN, XLNX, AMD, ANSS, AVGO, CHTR, COST, CSX, IDXX, ISRG, JD, KLAC, LULU, MDLZ, MSFT, MXIM, NVDA, ORLY, PCAR, PEP, SNPS, SWKS, TMUS, TXN, ADI, FB, LRCX, QCOM, SBUX, AAPL, ADP, ADSK, AMAT, CDW, CERN, CTSH, EBAY, FAST, FOXA, GOOGL, INTU, LBTYA, MCHP, MELI, MNST, PYPL, ROST, SPLK, ULTA, WDAY, XEL, ADBE, ALGN, TSLA, BMRN, GILD, VRSK, PAYX, MAR, BKNG, CTAS, EXC, EXPE, FISV, MU, NXPI, CMCSA, CPRT, NTAP, SIRI, TCOM, WDC, DLTR, AAL, BIDU, UAL, CTXS,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 1

CTXS,

Moving Below 30 DMA = 2

WBA, ZM

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