SPX All-time Closing High...TSLA, NFLX Up...Discretionary, Health Care, Technology Lead Sectors...SNAP Drops After-hours...

 
 
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IWM, SPY, opened flat and closed higher.  DIA, closed near unchanged as it paused from Wednesday’s push to 2 cents below its all-time high on August 16.
 
Wednesday:  DJIA new all-time intra-day high.
Thursday:  SPX new all-time closing high.  TSLA, 894, near all-time high.  NFLX, 653.16 rally to all-time closing high.

After-hours:  SNAP -16.11, -21.45% on negative EPS reaction.


Earnings Reactions Q3 beginning Oct 12:
Up:  AAL, GPC, KEY, MMC, POOL, TSCO, UNP, VLO, CCI, CSX, PPG, TSLA, 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:  T, BK, FITB, HAL, KSU, / C, DPZ, PGR
Down:  ALLE, ALK, DGX, DHR, DOW, IPG, IQV, LUV, NUE, NVR, SNA, DFS, EFX, FCX, FTI, GL, IBM, KMI, LRCX, LVS, 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 4,549, an all-time closing high, and NDX closed at 15,489.
 
SPY up 1.18 at 453.59, on 41.2 million shares, below average volume, up on lower volume.  
VIX down .48 at 15.01
QQQ up 2.29, +0.61% at 377.27
 
 
NKE, HD, UNH, WBA led the DJIA, 13 advancers, -9
POOL, HPQ, TTWO, EL led the SPX, 280 advancers.
MTCH, PTON, NFLX, CDNS led the NDX, 73 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, IWM,
Down: DIA,
 
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
 
Six of eleven sectors were higher and one unchanged on Thursday, led by XLY, XLV and XLK.
 
Consumer Discretionary leaders: POOL, TSCO, ULTA, GPS
Health Care leaders: HCA, STE, UHS, DXCM
Technology leaders: HPQ, CDNS, CDAY, NVDA
 
Advancers weakened on Thursday as decliners led 1,740 to 1,544 on the NYSE and advancers led 2,271 to 2,221 on the NASDAQ.
 
The SPY MFC green line is pointed up at 87.3 and is bullish.  SPY is a breakout closing at a new 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
 
73 of 100 NDX stocks closed higher on Thursday.
 
71 NDX stocks are above their 30 DMA:  NFLX, TSLA, MTCH, MAR, FOXA, SGEN, TCOM, DLTR, PAYX, ADP, CSX, ORLY, TEAM, CTAS, MRVL, NTES, PEP, VRSK, EBAY, 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, ATVI, CDNS, CDW, DXCM, QCOM, SBUX, VRTX, AEP, EA, ISRG, MDLZ, SIRI, SNPS, WBA, IDXX, NXPI, PTON,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 3
IDXX, NXPI, PTON,
 
Moving Below 30 DMA = 4
AMAT, CSCO, KDP, KHC,
 
 
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