SPX, NDX, DJI Open Higher, Reverse Gains during FOMC Press Conference, Close Lower...GLW Leads SPX...

 
 
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SPX, DJI, and NDX gapped higher on the open, reversed during the FOMC press conference and closed lower.
 
After-hours: LRCX, TER fall, NOW, URI, STX, rise.
 
 
Earnings season: Thursday EPS reports from CMCSA, DOW, MA, MCD, NUE, TSCO, VLO, XEL BMO and AAPL, KLAC, MDLZ, V, WDC AMC.
Earnings Reports:
Positive reactions: GLW, MSFT, TXN, ZION, AXP, JNJ, RTX, LMT, PCAR, HAL, TRV, BKR, AA, UNP, PG, MS, WFC,
Neutral reactions: GD, APH, MMM, IVZ, ADM, VZ, INFO, KMI, BAC, UNH, JBHT, PLD, FAST, TFC
Negative reactions: FFIV, BA, FCX, COF, ABT, ADP, ANTM, HES, KMB, MKTX NDAQ NSC, PGR ROL, T, TEL, NFLX, SIVB, HBAN, ISRG, PBCT, CSX, PPG, SLB, RF, MTB, NTRS, FITB, KEY, AAL, DFS, UAL, USB, STT, CFG, CMA, BK, GS, PNC, SBNY, SCHW, TFC, C, BLK, FRC, JPM
 
 
SPY down 1.09 at 433.38, on 186.3 million shares, above average volume, down on higher volume.   
VIX up .80 at 31.96
QQQ down .54, -0.16% at 344.57
 
MSFT, V, INTC, AXP led the DJIA, 10 advancers, +1
GLW, ADM, TER, SLB led the SPX, 151 advancers.
AVGO, KLAC, ADI, MCHP led the NDX, 32 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: 
Down:  QQQ, SPY, DIA, IWM,
 
Two of eleven sectors were higher on Wednesday, led by XLK and XLF.
 
Technology leaders: GLW, AVGO, TER, MSFT
Financial leaders: LNC, MTB, RJF, SCHW 
 
 
Advancers weakened on Wednesday as decliners led 2,323 to 1,085 on the NYSE and led 3,199 to 1,614 on the NASDAQ.
 
The SPY MFC green line turned up at 16.6 and is bullish.  SPY opened higher, reversed during the FOMC press conference and closed lower. 
 
 
Uptrend sectors:  XLE, XLP, XLU,
Neutral sectors: XLF, XLI, XLB, XLRE, XLV, XLK, 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
 
32 of 100 NDX stocks closed higher on Wednesday.
 
10 NDX stocks are above their 30 DMA:  VRTX, AEP, CERN, MDLZ, INCY, KDP, ATVI, PCAR, JD, BKNG,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
BKNG,
 
Moving Below 30 DMA = 4
BIDU, CHKP, SPLK, PDD,
 
 
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