DJI Rises While SPX, NDX, RUT Fall...SPX Falls After Powell Appears before Senate...Utilities, Staples, Financials Lead Sectors...

 

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Earnings season continues on Friday with KSU, SCHW, STT reporting BMO.
 
Earnings reactions after three days:
Positive:  PEP, WFC, TFC, UNH, USB,
Neutral/Negative:  FRC, JPM, GS, CAG, FAST, BAC, BLK, C, DAL, PNC, MS, BK, CTAS, PGR,
 
 
Semiconductor stocks, SMH -2.74%, a move below the LOHD towards short-term support.
 
DJI +53.79, +0.15%, closed at 34,987.  UNH, HON, HD and V were the biggest point gainers on Thursday.
NDX -105.75, -0.71%, closed at 14,794.  A pullback in large cap tech stocks NVDA, AMZN, MSFT GOOGL, FB and AAPL weighed on the NDX.
SPX -14.27, -0.33%, closed at 4,360.  SPX falls after Powell deliveries Semiannual Monetary Policy Report to the Senate today.
 
TSLA -0.43%, a channel bounce down.
 
SPY = One-day bull flag.
DIA = BO setup near all-time high.
QQQ = One-day bull flag.
IWM = Channel bounce down at short-term support.
 
Six of eleven sectors were higher on Thursday, led by XLU, XLP and XLF.
 
Utilities leaders: CNP, AWK, WEC, CMS
Consumer Staples leaders: CAG, CPB, KR, HRL
Financial leaders: AIG, USB, TFC, WRB
 
 
SPY down 1.49 at 434.75, on 55.1 million shares, below average volume, down on lower volume.  
VIX up .68 at 17.01
 
HON, UNH, HD, V led the DJIA, 16 advancers, +1
AIG, USB, TFC, ES led the SPX, 240 advancers.
MRNA, BIDU, JD, PDD led the NDX, 37 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA,
Down: SPY, IWM, QQQ,
 
Advancers strengthened on Thursday as decliners led 2,009 to 1,277 on the NYSE and led 2,641 to 1,721 on the NASDAQ.
 
The SPY MFC green line turned up at 93.3 and is bullish.  SPY a range day at all-time high. 
 
 
Uptrend sectors:  XLK, XLC, XLV, XLY, XLRE, XLP, XLI, XLE, XLF, XLB,
Neutral sectors:  XLU,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
 
37 of 100 NDX stocks closed higher on Thursday.
 
64 NDX stocks are above their 30 DMA:  TMUS, SGEN, PAYX, INTU, FB, GOOGL, IDXX, ILMN, MRVL, SNPS, MRNA, PYPL, AMD, EBAY, REGN, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, ALGN, AMZN, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, MELI, MTCH, NFLX, OKTA, TSLA, VRSN, ADSK, AMAT, CDW, COST, JD, ORLY, SWKS, BIDU, ROST, VRSK, ADP, AMGN, GILD, AVGO, CMCSA, NTES, PEP, AEP, CSCO, SBUX, CERN, FAST, CHKP, ASML, FISV, JD, MDLZ, NTES, CSCO, MNST, XEL, CHTR, EXC, VRTX,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
CHTR, EXC, VRTX,
 
 
Moving Below 30 DMA = 7
ALXN, CTAS, EA, NVDA, NXPI, XLNX, TXN,
 
 
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