DIA, SPY Close Near All-time High as Rally Continues...ANTM, MTB, CFG, CMA Positive Earnings Reactions...

 
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IWM, DIA, SPY, opened flat and closed higher.  QQQ closed lower as it made test of Tuesday’s breakout of its MACD bullish divergence price target of $374.04.
 
Earnings Reactions Q3 beginning Oct 12:
Up: ABT, ANTM, CFG, CMA, ISRG, MTB, VZ, DOV, JNJ, SYF, TRV, ZION, STT, / GS, JBHT, PLD, SCHW, TFC, BAC, MS, UNH, WBA, BLK, FRC, FAST
Neutral: BK, FITB, HAL, KSU, / C, DPZ, PGR
Down: BKR, MKTX, NDAQ, NFLX, OMC, UAL PM, PG, PNC, / USB, DAL, JPM
Week 1 = 19, Week 2 = 77
 
63% of the SPX stocks had a positive earnings reaction last week, an excellent first week to Q3 earnings season.
    
 
SPX closed at 4,539 and NDX closed at 15,388.
 
SPY up 1.77 at 452.41, on 49.5 million shares, below average volume, up on higher volume.  
VIX down .21 at 15.49
QQQ down .49, -0.13% at 374.98
 
 
UNH, VZ, TRV, MRK led the DJIA, 22 advancers, -1
ANTM, PBCT, MTB, CNC  led the SPX, 368 advancers.
SIRI, TMUS, PTON, ALGN led the NDX, 62 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, SPY,
Down: QQQ,
 
SPY = channel bounce continuation nearing all-time high
DIA = channel bounce continuation nearing all-time high
QQQ = breakout test at MACD divergence bounce target
IWM = channel bounce up
 
Nine of eleven sectors were higher on Wednesday, led by XLU, XLRE and XLV.
 
Utilities leaders: EIX, ED, NEE, ETR
Real Estate leaders: PLD, VNO, KIM, BXP
Health Care leaders: ANTM, CNC, CI, ABT
 
Advancers strengthened on Wednesday as advancers led 2,244 to 1,042 on the NYSE and led 2,591 to 1,880 on the NASDAQ.
 
The SPY MFC green line is pointed up at 79.1 and is bullish.  SPY is a channel bounce continuation nearing all-time high. 
 
 
Uptrend sectors:  XLY, XLE, XLF, XLK, XLI, XLB, XLRE, XLC, XLV,
Neutral sectors:  XLP, 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: Up
 
62 of 100 NDX stocks closed higher on Wednesday.
 
72 NDX stocks are above their 30 DMA:  NFLX, TSLA, MTCH, MAR, FOXA, SGEN, TCOM, KHC, DLTR, PAYX, ADP, CSX, ORLY, TEAM, CTAS, MRVL, NTES, PEP, VRSK, EBAY, KDP, XLNX, BIDU, JD, SPLK, CHKP, AMD, CRWD, MSFT, WDAY, ADSK, ANSS, AVGO, CPRT, CTSH, EXC, GOOGL, INTC, NVDA, OKTA, XEL, ADI, AMZN, FISV, HON, TXN, VRSN, AAPL, ADBE, COST, DOCU, INTU, LULU, PDD, ZM, AMAT, ATVI, CDNS, CDW, DXCM, QCOM, SBUX, VRTX, AEP, CSCO, EA, ISRG, MDLZ, SIRI, SNPS, WBA,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 8
AEP, CSCO, EA, ISRG, MDLZ, SIRI, SNPS, WBA,
 
Moving Below 30 DMA = 0
BKNG, PYPL,
 
 
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