DJI, SPX, NDX, RUT Open Higher, Close Lower for Second Day...Utilities Lead Sectors...TRV Leads DJI...

 
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SPX, DJI, NDX and RUT opened higher and closed lower on Thursday after an afternoon sell-off following an announcement that a Senate panel had approved antitrust legislation against big tech platforms favoring their own products over competitors.  Such legislation is directed toward AAPL, GOOGL and AMZN.
 
SPX closed at 4,482 -50.03.
NDX closed at 14,846, -201.39.
 
 
Earnings season Thursday EPS reports from AAL, BKR, FITB, KEY, MTB, NTRS, RF, TRV, UNP BMO and NFLX, CSX, ISRG, PBCT, SIVB, PPG AMC.
Q4 Earnings Reports:
Positive reactions: TRV, BKR, AA, UNP, PG, MS, WFC,
Neutral reactions: KMI, BAC, UNH, JBHT, PLD, FAST, TFC
Negative reactions: RF, MTB, NTRS, FITB, KEY, AAL, DFS, UAL, USB, STT, CFG, CMA, BK, GS, PNC, SBNY, SCHW, TFC, C, BLK, FRC, JPM
 
 
SPY down 5.00 at 446.75, on 122.3 million shares, above average volume, down on higher volume.   
VIX up 1.74 at 25.59
QQQ down 4.76, -1.30% at 361.72
 
TRV, GS, UNH, PG led the DJIA, 4 advancers, -5
MS, BKNG, MTCH, FFIV, led the SPX, 79 advancers.
JD, BIDU, MELI PDD led the NDX, 19 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: 
Down:  DIA, SPY, QQQ, IWM,
 
One of eleven sectors was higher on Thursday, led by XLU, XLF and XLV.
 
Utilities leaders: NEE, EXC, LNT, AEE
Financials leaders: MS, TRV, BK, WRB 
Health Care leaders: HUM, ANTM, PFE, ZTS
 
Advancers weakened on Thursday as decliners led 2,506 to 855 on the NYSE and led 3,414 to 1,340 on the NASDAQ.
 
The SPY MFC green line is pointed down at 26.7 and is short-term bearish.  SPY closed below December’s low. 
 
 
Uptrend sectors:  XLE, XLF, XLP, XLU, XLI, XLB, XLRE, XLV, XLK,
Neutral sectors: XLY,
Down trend sectors: XLC,
 
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
 
19 of 100 NDX stocks closed higher on Thursday.
 
24 NDX stocks are above their 30 DMA:  VRTX, XEL, PEP, AEP, AMGN, WBA, CERN, MDLZ, INCY, KDP, CHKP, ATVI, BKNG, EXC, FISV, KHC, PCAR, CMCSA, BIDU, SPLK, EA, NTES, JD, PDD,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 0
 
 
Moving Below 30 DMA = 4
HON, ILMN, INTC, LCID, 

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