NFLX Leads QQQ/NDX Lower...DIA, IWM Rise...Real Estate, Staples, Health Care Lead Sectors...

 
 
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SPY, QQQ closed lower while DIA, IWM closed higher after a higher high trading range led by 8 sectors and strong earnings reactions from MTB, IBM, OMC on Wednesday.  Earnings continue on Thursday morning.

NFLX, -122.42, -35.12% led the NDX lower on Wednesday after earnings that missed on revenues and negative subscriber growth.   
 
TSLA, +53.98, +5.52% after hours, reported record earnings. 
 
Oil futures, (/CL +.05) closed at $102.45. 
 
Talks between UKR / RUS continue to have no clear path towards a ceasefire.  
 
Earnings season:  Thursday morning EPS reports from AAL, ALK, DGX, DHR, DOV, DOW, FCX, GPC, HBAN, KEY, MMC, NEE, NUE, PM, PNR, POOL, SNA, T, TSCO, UNP and TSLA, LRCX, UAL, CSX, CCI, EFX, GL, KMI, Wednesday AMC.
Q1 Earnings Reports:
Positive reactions: MTB, IBM, OMC, MKTX, ASML, PG, ANTM, ABT, SBNY, CFG, HAS, FITB, PLD, JNJ, JBHT, SYF, BAC, C, USB, FRC, DAL, FAST,
Neutral reactions: HAL, GS, MS, UNH, BLK,
Negative reactions: NFLX, NDAQ, BKR, CMA, TRV, LMT, TFC, SCHW, BK, STT, WFC, PNC, JPM
 
 
SPY down .22 at 444.71, on 65.2 million shares, below average volume, sideways on lower volume.
VIX down 1.05 at 20.32
QQQ down 5.05 at 341.21.
 
IBM, PG, HD, CSCO led the DJIA, 24 advancers, -3
MTB, HCA, OMC, WAT led the SPX, 378 advancers.
ISRG, ASML, IDXX, KLAC led the NDX, 50 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA, IWM,
Down:  SPY, QQQ,
 
Eight of eleven sectors were higher on Wednesday, led by XLRE, XLP and XLV. 
 
Real Estate leaders:  PENN, WYNN, ETSY, CZR
Consumer Staples leaders:  WY, PLD,
Health Care leaders:  MTCH, CHTR, DIS, NFLX, FB
 
Advancers weakened on Wednesday as advancers led 2,121 to 1,198 on the NYSE and led 2,401 to 2,358 on the NASDAQ.
 
The SPY MFC green line is pointed up at 56.7 and is bullish.  SPY continues above the HOLD in its 15-day pullback, in a 3-month sideways channel.    
 
 
Uptrend sectors:  XLE, XLU, XLP, XLV, XLB, XLRE,
Neutral sectors:  XLF, XLI,
Down trend sectors: XLK, XLY, XLC,
 
The 6-month intermediate trend is sideways.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Up
 
50 of 100 NDX stocks closed higher on Wednesday.
 
45 NDX stocks are above their 30 DMA:  EXC, DLTR, KHC, COST, AEP, AMGN, PAYX, XEL, ADP, AZN, REGN, CRWD, VRTX, CTAS, DXCM, PANW, VRSK, ABNB, TSLA, FTNT, BIIB, PEP, BKNG, CMCSA, LULU, MNST, ROST, TMUS, GILD, MDLZ, ORLY, HON, MAR, FISV, ADI, INTU, ILMN, ISRG, KDP, TXN, VRSN, CDNS, INTC, PCAR, WBA,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 4
CDNS, INTC, PCAR, WBA,
 
Moving Below 30 DMA = 8
AMZN, DOCU, FB, MELI, NTES, SGEN, SPLK, ZS,
 
 
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