SPX, DJI, QQQ, Rally Day 4...GOOGL Leads Rally...Communication Services Lead Sectors...

 
 
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SPX, DJI, and NDX opened flat to higher and closed higher on Wednesday.
 
After the Close:
FB -73.95, -22.89% gapped down on a negative earnings reaction.
SHOP -55.88, -6.31% gapped down on a negative earnings reaction.
 
 
Earnings season:
Thursday EPS reports from BIIB, CAH, CI, CMI, COP, EL, HON, HSY, ICE, LLY, MRK BMO and AMZN, ATVI, CLX, F, FTNT, HIG, MCHP, PRU, SWKS AMC.
 
Earnings Reports:
Positive reactions: GOOGL, AMD, ODFL, MTCH, HUM, HWM, ABBV, DHI, XOM, CTLT, NXPI, PHM, OTIS, V, CHTR, WY, CHD, NOW, BLL, STX, PKG, DOW, NUE, URI, AMP, MA, TSCO, RJF, GLW, MSFT, TXN, ZION, AXP, JNJ, RTX, LMT, PCAR, HAL, TRV, BKR, AA, UNP, PG, MS, WFC,
Neutral reactions: SWK, BEN, ARE, TT, CL, LYB, VLO, VRTX, CMCSA, MCD, GD, APH, MMM, IVZ, ADM, VZ, INFO, KMI, BAC, UNH, JBHT, PLD, FAST, TFC
Negative reactions: PYPL, SBUX, BR, LHX, SYF, VFC, CVX, CAT, PSX, TER, TSLA, INTC, LRCX, WHR, LVS, XLNX, CCI, 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 up 4.40 at 457.35, on 117.3 million shares, average volume, up on lower volume.
VIX up .13 at 22.09
QQQ up 2.97, +0.81% at 368.49
 
 
TRV, UNH, PG, MSFT led the DJIA, 21 advancers, -2
PKI, MPC, EMR, MTCH led the SPX, 365 advancers.
GOOGL, QCOM, ODFL, EA led the NDX, 62 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:  SPY, QQQ, DIA,
Down:  IWM,
 
Ten of eleven sectors were higher on Wednesday, led by XLC, XLRE and XLU.
 
Communication Services leaders: GOOGL, EA, MTCH, TTWO
Real Estate leaders: EXR, EQR, PSA, MAA,
Utilities leaders: NRG, EVRG, NI
 
Advancers weakened on Wednesday as decliners led 1,874 to 1,491 on the NYSE and led 3,035 to 1,672 on the NASDAQ.
 
The SPY MFC green line is pointed up at 43.7 and is bullish.  SPY opened higher and closed higher on Wednesday. 
 
 
Uptrend sectors:  XLE, XLP, XLU,
Neutral sectors: XLF, XLI, XLB, XLRE, XLV, XLK,
Down trend sectors: XLY, XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is sideways.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Up
 
62 of 100 NDX stocks closed higher on Wednesday.
 
29 NDX stocks are above their 30 DMA:  VRTX, CERN, KDP, ATVI, PCAR, EXC, XEL, AMGN, BKNG, INCY, AAPL, BIDU, FISV, JD, NTES, PDD, SIRI, SPLK, ADI, AEP, CTSH, EA, GOOGL, MDLZ, PEP, QCOM, REGN, TXN, XLNX,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 11
ADI, AEP, CTSH, EA, GOOGL, MDLZ, PEP, QCOM, REGN, TXN, XLNX,
 
Moving Below 30 DMA = 2
ADBE, MAR,
 
 
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