IWM, DIA, SPY, QQQ Rally on Thursday.../ES and /NQ Futures Fall After-hours on Negative AMZN Earnings Reaction...

 
 
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IWM, DIA, SPY, QQQ each closed higher on Thursday. 
 
After the close, AMZN fell -267.95, -7.44% as EPS beat but revenues missed.  /ES and /NQ futures are lower after the AMZN stock drop.
 
PINS fell -13.72, -19.04% as EPS and revenues beat but average monthly users dropped in Q2.  SNAP, FB and GOOGL were lower in after-hours seemingly in sympathy with the SNAP reaction.
 
 
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Earnings season week 3 continues Friday with 22 cos. including ABBV, AON, CAT, CBOE, CERN, CHD, CHTR, CL, COG, CVX, DISH, GSS, IDXX,  ITW, JCI, LIN LYB, NWL, PG, VFC, WY, XOM reporting BMO.
 
Earnings reactions through Thursday:
Positive (1%+):  PEP, WFC, TFC, UNH, USB, STT, IBM, JBHT, ZION, DOV, HAL, HCA, KEY, SYF, CMG, UAL, CMA, IPG, KO, NDAQ, NTRS, CSX, DGX, DHR, DOW, DPZ, MMC, NUE, UNP, SNAP, CE, RHI, TWTR, AXP, NEE, ROP, SLB, HAS, FFIV, ARE, UHS, PKG, GE, BSX, MSCI, PNR, RTX, DTE, FISV, AMD, GOOGL, ENPH, AVY, BXP, PFE, TDY, BMY, GRMN, BA, HES, TEL, QCOM, ALGN, CTSH, HOLX, AFL, CINF, F, IR, AVB, HIG, MAA, RE, XLNX, AOS, CARR, CBRE, HBAN, HLT, HSY, KIM, LH, LKQ, MA, MO, SPGI, WAB, WST, YUM,
 
Neutral/Negative:  FRC, JPM, GS, CAG, BAC, BLK, C, DAL, PNC, PGR, SCHW, PLD, PPG, OMC, TRV, ANTM, MTB, NFLX, VZ, CCI, DFS, FTI, GL, KMI, LVS, TXN, AAL, ALLE, FITB, GPC, LUV, SNA, T, COF, FE, INTC, SIVB, VRSN, WRB, HON, KMB, RF, LMT, OTIS, CNC, SWK, UPS, MMM, IVZ, IQV, WM, PCAR, ECL, LW, CDNS, AAPL, MSFT, SBUX, V, CB, CHRW, EQR, EXR, IEX, JNPR, MDLZ, MXIM, NLOK, NOV, PFG, SYK, TER, HUM, ADP, CME, GD, MCD, MCO, ODFL, ROL, APH, GNRC, TMO, NSC, FB, PYPL, LRCX, PTC, EQIX, FBHS, DRE, NOW, ORLY, RJF, TYL, UDR, URI, AMT, BAX, CMCSA, CMS, ICE, IP, MAS, MLM, MRK, NLSN, SO, TAP, TFX, TXT, VLO, XEL,
 
AMC Thursday:  AMZN, DXCM, GILD, KLAC, SWKS TMUS, VRTX, AJG, BIO, DLR, EIX, ES, ESS, EW, FTNT, FTV, MHK, MTD, RSG, SWN, WELL,
 
Up from Initial Reaction:  CTAS, MS, BK, ISRG, NVR, KSU, TSCO, PM, JNJ, MKTX, STX, WHR, ABT, AEP, DHI, FCX, POOL, FAST, BKR, EFX, ALK, NEM, PKI, PHM, ADM, ROK, SHW, GLW, TSLA, AMP,
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SPY up 1.82 at 440.65, on 47.4 million shares, below average volume, up on lower volume.  
VIX down .61 at 17.70
QQQ up .65, +0.18% at 366.48
 
 
TRV, CVX, INTC, DOW led the DJIA, 24 advancers, +15
YUM, LEN, WST, AMD led the SPX, 386 advancers.
ALGN, XLNX, QCOM, CTSH led the NDX, 66 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, SPY, QQQ,
Down:
 
SPY = BO setup.
DIA = BO setup.
QQQ = bull flag.
IWM = continued channel bounce.
 
Nine of eleven sectors were higher on Thursday, led by XLY, XLB and XLF.
 
Consumer Discretionary leaders: YUM, LEN, TSLA, DHI, PHM
Basic Materials leaders: FCX, ALB, NUE, MOS
Financial leaders: HIG, CINF, AFL, SPGI,
 
 
Advancers were mixed on Thursday as advancers led 2,265 to 1,041 on the NYSE and led 2,413 to 1,971 on the NASDAQ.
 
The SPY MFC green line is pointed up at 95.6 and is bullish.  SPY is a re-BO setup. 
 
 
Uptrend sectors:  XLV, XLY, XLK, XLRE, XLP, XLC,
Neutral sectors:  XLU, XLI, XLF, XLB, XLE,
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: Up
 
66 of 100 NDX stocks closed higher on Thursday.
 
71 NDX stocks are above their 30 DMA:  PAYX, INTU, GOOGL, IDXX, ILMN, SNPS, MRNA, EBAY, REGN, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, AMZN, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, MELI, ADSK, CDW, COST, ORLY, SWKS, VRSK, ADP, GILD, PEP, SBUX, FAST, CHKP, MDLZ, MNST, CTAS, AMD, OKTA, ALGN, CSCO, EXC, MRVL, HON, ASML, AVGO, CMCSA, FB, FISV, MTCH, AEP, CTSH, EA, VRTX, XEL, AAL, BKNG, MAR, SIRI, AMAT, EA, KLAC, NVDA, XLNX, CSX, NXPI, ROST, TSLA, TXN, ZM,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 6
CSX, NXPI, ROST, TSLA, TXN, ZM,
 
 
Moving Below 30 DMA = 5
AMGN, CHTR, LRCX, PTON, PYPL,
 
 
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