SPX Pauses Below Resistance...NFLX Down After-hours...

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NDX -75.22, -0.70% and SPX -10.99, -0.34%.  NDX is still a bull flag setup.  SPX opened lower and closed lower.  SPX was a horizontal breakout setup. 

NFLX -47.81, -9.07% fell in after-hours trading, following EPS that missed street estimates.

ABT, BAC, DPZ, JBHT, JNJ, MS, SCHW and TFC reported EPS before the open Thursday morning on the second day of earnings season.

Five of eleven sectors were higher on Thursday, led by XLU, XLB and XLP

Utilities leaders:  NEE, AWK, ETR, D

Materials leaders:  AA, PKG, IP, SEE

Staples leaders:  KHC, HSY, WBA, HRL

SPY down 1.06 at 320.79 on 54.6 million shares, below average volume, down on lower volume.

VIX up .24 at 28.00

WBA, VZ, DOW led the DJIA, 14 advancers, -11

GCI, AA, HIG DHI led the SPX, 235 advancers

KHC, ASML, CTSH, XEL led the NDX, 31 advancers

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

Up:

Down: SPY, DIA, IWM, QQQ,

Breadth weakened on Thursday as decliners led 1,598 to 1,358 on the NYSE and led 1,991 to 1,364 on the NASDAQ

The SPX MFC green line is pointed up at 82.7 and is short-term bullish.  Price action is a breakout continuation pause day.

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

Neutral sectors:  XLRE, XLF, XLU, 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: Up a little

31 of 100 NDX stock closed higher on Thursday.

79 NDX stocks are above their 30 DMA:  AMZN, CDNS, ASML, IDXX, KLAC, MSFT, NVDA, SNPS, SWKS, QCOM, AAPL, EBAY, FAST, MCHP, MELI, PYPL, SPLK, ALGN, TSLA, BMRN, ZM, AMAT, JD, NTES, BIDU, AVGO, MXIM, TXN, LRCX, REGN, NXPI, EA, TTWO, ATVI, ILMN, ANSS, NFLX, SGEN, VRTX, AMGN, DOCU, CTXS, DXCM, PEP, VRSK, XLNX, CHKP, COST, FB, GOOGL, LBTYA, MNST, CHTR, BKNG, CSCO, CMCSA, CTSH, GILD, KHC, PCAR, DLTR, AMD, BIIB, CTAS, INCY, ISRG, LULU, NTAP, ORLY, XEL, CDW, CERN, CPRT, CSX, EXC, EXPE, MAR, SIRI, TCOM, WDC,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 4

ADBE, CSCO, FISV, MU,

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