Stocks Bounce Back following Wednesday's Selloff...AAPL, FB, TSLA Lower after Earnings...

 
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Stocks experienced a broad rally Thursday rebounding from Wednesday’s FOMC selloff. 
 
NDX +88.88, +0.68%, and SPX +36.61, +0.98%, closed at 3,787, bounces up from January 15 support
 
AAPL, FB and TSLA fell on Thursday after reporting earnings after the close on Wednesday.  TSLA fell -3.32%, its negative earnings reaction.
 
Companies reporting BMO Friday include LLY, CVX, HON, CHTR, CAT, CL, CHD and SYF.
 
All eleven sectors were higher on Thursday, led by XLF, XLB and XLI. 
 
Financial leaders: CFG, DFS, RJF, SYF
Basic Materials leaders: CTVA, DD, AVY, IFF
Industrials leaders: AAL, AOS, URI, TDG
 
SPY up 3.22 at 377.63 on 94.1 million shares, above average volume, up on lower volume.
VIX down 7.00 at 30.21
 
DIS, INTC, AXP, NKE led the DJIA, 21 advancers, +17
LB, AAL, ENPH, ABMD led the SPX, 359 advancers.
BKNG, MTCH, MELI, CMCSA led the NDX, 74 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA, SPY, QQQ,
Down: IWM,
 
Advancers strengthened on Thursday as advancers led 2,214 to 971 on the NYSE and led 2,200 to 1,717 on the NASDAQ.
 
The SPY MFC green line is pointed down at 79.4 and is defensive, watch for a potential break of Wednesday’s low.  Price action is a channel bounce, bullish harami, inverted hammer.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
 
74 of 100 NDX stocks closed higher on Thursday.
 
47 NDX stocks are above their 30 DMA:   AMAT, ASML, AVGO, TSLA, BIDU, ILMN, CERN, SWKS, NTES, MRVL, AMGN, INTC, JD, PDD, KLAC, EBAY, GILD, WBA, BIIB, FOXA, PCAR, CDW, CTAS, INCY, REGN, EA, GOOGL, AAPL, AMZN, MSFT, MRNA, CHKP, CSCO, KHC, SIRI, WDC, ALXN, CHTR, CMCSA, DXCM, MELI, MU, NFLX, QCOM, SNPS, TXN, ZM,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 11
ALXN, CHTR, CMCSA, DXCM, MELI, MU, NFLX, QCOM, SNPS, TXN, ZM,
 
Moving Below 30 DMA = 2
FB, LRCX,
 
 
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