Broad Rally Continues with Strong Earnings Reactions...Real Estate, Utilities, Industrials Lead Sectors...After hours: AAPL, AMZN Rise, ROKU, DXCM, INTC Fall...

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The SPX +48.82 opened higher and closed higher.  TLT and GLD closed higher, while DXY, /CL and TNX moved lower.

GDP Q2 estimate was -0.9% vs. 0.5% consensus.

A total of 175 SPX companies will report EPS this week including GOOGL, MSFT on Tuesday, META on Wednesday, AAPL, AMZN on Thursday.

175 SPX companies report EPS this week:  NEM, BRO, CDNS, FFIV, NEM, NXPI, PKG, UHS, WHR/ Tue: ADM, CNC, ECL, FISV, GE, GLW, GM, KMB, KO, MCD, MCO MMM, MSCI, NVR, PCAR, PHM, PNR, RTX, UPS, AMP, BXP, CB, CMG, ENPH, EQR, ESS, FE, GOOG, GOOGL, IEX, JNPR, MDLZ, MSFT, SYK, TER, TXN, UDR, V, ZION/ Wed: ADP, AEP, APH, AVY, BA, BMY, BSX, CME, GD, GPC, GRMN, HES, HLT, HUM, IVZ, KHC, LW, NSC, ODFL, OTIS, ROK, ROL, SHW, TDY, TEL, TMUS, WM, ALGN, AVB, AWK, CHRW, CINF, CTSH, DRE, EQIX, ETSY, F, FBHS, FTI, GL, HOLX, LRCX, MAA, META, MOH, NOW, ORLY, PTC, QCOM, RE, RJF, TYL, URI, VICI/ Thu: ALLE, AMT, AOS, BAX, BEN, CARR, CMCSA, CMS, DTE, FTV, HON, HSY, IP, KDP, KIM, LH, LIN, LKQ, LUV, MA, MAS, MLM, MO, MRK, NLSN, NOC, PFE, RCL, SO, SWK, TFX, TMO, TROW, TXT, VLO, WST, WTW, XEL, AAPL, AJG, AMZN, BIO, CE, CPT, DLR, DXCM, EIX, EMN, ES, EW, HIG, INTC, KLAC, LHX, MHK, MTD, VFC, VRSN, WELL/ Fri: ABBV, AON, CBOE, CHD, CHTR, CL, CVX, GWW, LYB, NWL, PG, PSX, WY, XOM

First day reactions this week:

Positive: FTI, ETSY, EQIX, RCL, ALGN, PTC, CHRW, TYL, F, URI, WST AVB, FTV, MAA, BEN, AMT, DRE, KDP, LRCX, HON, MOH, FBHS, SO, AWK, XEL, HSY, CMS, TMO, MA ORLY, MAS LIN, MLM, DTE, NOC, KIM, LH, ENPH, CMG, ROK GOOGL, HLT, ADP, AVY, APH, MSFT, TXN, BSX, AMP, TMUS, OTIS, TEL, SYK, EQR, WM, LW, IEX, GPC, BXP, BMY, ZION, HES, ESS, MDLZ, GD, MMM, GE, ADM, FISV, MCD, FFIV, MCD, PNR WHR, CDNS KO, CNC, GLW, PCAR, MSCI = 70, QTD = 120

Neutral: IP, VICI, LKQ, AOS, WTW, TROW, ALLE, CARR, MO, HOLX, RJF, TXT, NLSN, UDR, FE, ODFL, BA, AEP, TER, NSC, IVZ, CB, V, KMB, NXPI, UHS

Negative: SWK, CINF, BAX, CMCSA, TFX, LUV, META, CTSH, RE, QCOM, NOW, PFE GL, VLO, MRK, SHW, GRMN, TDY, KHC, CME, HUM, ROC, JNPR, PKG, RTX, PHM, GM, UPS, ECL, NVR, MCO, BRO, NEM = 33, QTD = 68

EPS reactions AMC Thursday:

AMZN +16.66, 13.62%, AAPL +4.67, +2.97%, ROKU -22.00, -25.83%, DXCM -16.46, -18.92%, INTC -3.30, -8.31%, 

Retail stocks continued to rally on Thursday. 

SPY up 5.03 at 406.07, on 73.9 million shares, near average volume, up on lower volume.

VIX down .91 at 22.33

QQQ up 3.00 at 309.81

NKE, HON, MSFT, WMT led the DJIA, 25 advancers, +2

FTI, ETSY, AES, ROL led the SPX, 407 advancers

ALGN, ODFL, ADSK, ANSS led the NDX 81 advancers

The two-year trend term is up.  The one-year trend down.

Up:  IWM, SPY, DIA, QQQ,

Down:   

Ten of eleven sectors were higher on Thursday, led by XLRE, XLU and XLI.

Real Estate leaders:  EQIX, DLR, AVB, MAA

Utilities leaders:  AES, PEG, NEE, EXC

Industrials leaders:  ROL, PWR, ODFL, CHRW

Advancers weakened slightly on Thursday as advancers led 2,448 to 778 on the NYSE and led 2,803 to 1,746 on the NASDAQ.

The SPY MFC green line is pointed up at 79.6 and is short-term bullish.  SPY moved higher and closed above short-term resistance.

Uptrend sectors:    

Neutral sectors:   XLE, XLU, XLV, XLP, XLK, XLI, XLRE,

Down trend sectors:  XLC, XLY, XLF, XLB,

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

81 of 100 NDX stocks closed higher on Thursday.

82 NDX stocks are above their 30 DMA:   SGEN, MNST, AZN, COST, DXCM, OKTA, ORLY, KDP, PEP, VRSK, AMGN, SIRI, VRSN, AAPL, CDNS, CPRT, IDXX, CTAS, QCOM, TSLA, ADI, ROST, SWKS, TXN, ALGN, AMZN, ATVI, FISV, ISRG, MCHP, MU, NFLX, NXPI, ODFL, SNPS, INTC, KLAC, SPLK, ABNB, ADBE, ADP, ADSK, AMAT, AMD, ANSS, ASML, AVGO, CSCO, CSX, EBAY, INTU, LRCX, MAR, MDLZ, MELI, MRVL, NVDA, PAYX, PCAR, PYPL, EA, ILMN, NTES, HON, AEP, EXC, XEL, TMUS, BIIB, BKNG, CRWD, DOCU, GOOGL, LULU, MSFT, MTCH, OKTA, TEAM, WBA, WDAY, DLTR, FAST, FTNT,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 3

DLTR, FAST, FTNT,

Moving Below 30 DMA = 6

CHTR, CMCSA, CTSH, JD, META, VRTX,

 

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