QQQ, SPY, DIA, IWM Bounce in Broad Rally as Earnings Season Begins...Discretionary, Tech Lead Sectors

 
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QQQ, SPY, DIA opened flat and shifted into a strong bounce day.  Earnings season continues Thursday morning. 
 
Oil futures, (/CL +3.17) closed above $100. 
 
Talks between UKR / RUS continue to have no clear path towards a ceasefire.  
 
Earnings season began today.  Thursday morning EPS reports from C, GS, MS, PNC, STT, USB, UNH and WFC.
Q1 Earnings Reports:
Positive reactions: FRC, DAL, FAST,
Neutral reactions: BLK,
Negative reactions: JPM
 
 
SPY up 5.02 at 443.31, on 74.0 million shares, below average volume, up on lower volume.
VIX down 2.44 at 21.82
QQQ up 6.90 at 346.35.
 
BA, WMT, AXP, HON led the DJIA, 28 advancers, +18
AAL, GPS, HST LUV led the SPX, 198 advancers.
SPLK, ZS, ZM, MAR led the NDX, 31 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, IWM, SPY, DIA,
Down:
 
Nine of eleven sectors were higher on Wednesday, led by XLY, XLK and XLE. 
 
Consumer Discretionary leaders: GPS, MAR, HLT, NCLH
Technology leaders:  ENPH, EPAM, FTNT, NVDA
Energy leaders:  DINO, APA, VLO, SWN
 
Advancers strengthened on Wednesday as advancers led 2,453 to 892 on the NYSE and led 3,538 to 1,256 on the NASDAQ.
 
The SPY MFC green line is pointed down at 61 and is defensive.  SPY bounced in a 11-day pullback in a 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 up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Down
 
91 of 100 NDX stocks closed higher on Wednesday.
 
53 NDX stocks are above their 30 DMA:  EXC, DLTR, KHC, COST, AEP, AMGN, PAYX, XEL, ADP, FAST, SGEN, AZN, REGN, CRWD, VRTX, CTAS, DXCM, PANW, VRSK, ABNB, ILMN, TSLA, FB, FTNT, SIRI, BIIB, NTES, PEP, BKNG, CMCSA, LULU, DOCU, MNST, ROST, TMUS, GILD, MDLZ, ORLY, AAPL, HON, KDP, CHTR, DDOG, INTU, MAR, MELI, MRNA, PDD, SPLK, TEAM, ZM, ZS,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 11
CHTR, DDOG, INTU, MAR, MELI, MRNA, PDD, SPLK, TEAM, ZM, ZS,
 
Moving Below 30 DMA = 0
 
 
 
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