NDX Moves Higher as SPX, DJI, RUT Pause...AAPL, AMZN, FB, GOOGL, EA Rise After-hours on Positive EPS Reaction...

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NDX +52.52, +0.49% and SPX -12.22, -0.38%.  NDX is a channel bounce.  SPX gapped down and opened lower and closed higher than it opened.  SPX bounce gave a third chance trigger on a bull flag bounce.

QCOM +14.16, +15.22% and UPS +17.78, +14.38% rose on positive EPS reactions.   

AAPL, AMZN, FB, GOOGL and EA rose in after-hours trading on positive EPS reactions.

CAT, CVX, MRK, XOM and 19 other SP500 stocks report before the open on Friday.

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

Technology leaders:  QCOM, QRVO, CTSH, LRCX

Communication Services leaders:  VIAC, EA, TTWO, GOOGL

Financials leaders:  TAP, EL, ADM, CL

SPY down 1.16 at 323.96 on 61.8 million shares, below average volume, down on higher volume.

VIX up .66 at 24.76

PG, AAPL, HD led the DJIA, 5 advancers, -14

APA, UPS, QRVO, HOLX led the SPX, 132 advancers

QCOM, CTSH, ORLY, LRCX led the NDX, 47 advancers

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

Up: QQQ,

Down: SPY, IWM, DIA,

Breadth weakened on Thursday as decliners led 1,953 to 1,021 on the NYSE and led 1,908 to 1,472 on the NASDAQ

The SPX MFC green line is turned up at 85.4 and is short-term bullish.  Price action is bull flag bounce.

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

Neutral sectors:  XLU, XLRE, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

47 of 100 NDX stock closed higher on Thursday.

67 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, SWKS, AAPL, FAST, MELI, PYPL, SPLK, ALGN, TSLA, NTES, MXIM, LRCX, EA, TTWO, ATVI, ILMN, ANSS, AMGN, DOCU, DXCM, PEP, VRSK, XLNX, CHKP, COST, GOOGL, MNST, CHTR, BKNG, CMCSA, CTSH, KHC, PCAR, DLTR, AMD, CTAS, ISRG, LULU, ORLY, XEL, CERN, CPRT, CSX, EXC, TCOM, CSCO, MRNA, FISV, SIRI, VRSN, AMAT, BIIB, INTU, LBTYA, QCOM. REGN, SNPS, CDW, EXPE, JD, MU, ROST, SBUX, KLAC,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 1

KLAC,

Moving Below 30 DMA = 4

ADSK, NXPI, TXN, ULTA,

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