TSLA Leads SPX, NDX Higher...Discretionary, Health Care, Materials Lead Sectors...SNAP, STX, ISRG Lower in After-hours...

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The SPX +39.05, opened flat, traded in a range for the first two hours and then broke out and closed higher.  TLT and GLD closed higher, while DXY, /CL and TNX moved lower. 

Earnings season continued this morning with positive reactions from TSLA, NUE, DHR, LVS, CSX, PM, DHI, MMC, HBAN, IQV, KMI, SNA, CCI, DOV, FCX, neutral reactions from KEY, DGX, ALK, TRV and negative reactions from UAL, POOL, DFS, T, AAL, TSCO and more.  Eight SPX companies report Friday morning.

71 SPX companies report EPS this week:  BAC, GS, PLD, SCHW, SYF, IBM, CFG, HAL, HAS, JNJ, LMT, SBNY, TFC, JBHT, NFLX, OMC, ABT, BIIB, BKR, CMA, ELV, MKTX, MTB, NDAQ, NTRS, CCI CSX, DFS, EFX, KMI, LVS, TSLA UAL, AAL, ALK, DGX, DHI, DHR DOV DOW DPZ FCX FITB HBAN, IPG, IQV KEY, MMC, NUE PM, POOL, SNA, T, TRV, TSCO, UNP, COF, ISRG, PPG, RHI, SIVB, STX, WRB, AXP, HCA, NEE, RF, ROP, SLB, TWTR, VZ

First day reaction:

Positive: TSLA, NUE, DHR, LVS, CSX, PM, DHI, MMC, HBAN IQV, KMI, SNA, CCI, DOV, FCX, NFLX, NDAQ, OMC, CMA, TFC, HAL, CFG, GS, C, STT, BK, WFC, UNH, USB, PGR, BLK, PNC, CTAS, FRC, = 34

Neutral: KEY, DGX, ALK, TRV, MTB, JBHT, LMT, HAS, SYF, BAC, MS, PEP,

Negative:  UAL, POOL, DFS, T, AAL, TSCO, IPG, EFX, DOW, DPZ, FITB, UNP, BKR, ELV, BIIB, NTRS, MKTX, ABT, IBM, SBNY, JNJ, PLD, SCHW, CAG, JPM, FAST, DAL, = 27

EPS reaction Thursday after-hours:

SNAP -4.38, -26.79%, META -4.68%, GOOGL -2.83%, down in sympathy

STX -9.51, -11.37%, MU -2.58%, WDC -5.61%, down in sympathy

ISRG -28.65, -12.75%,

SIVB, COF also down after EPS.

SPY up 4.02 at 398.79, on 64.9 million shares, below average volume, up on lower volume.

VIX down .77 at 23.11

QQQ up 4.35 at 307.38

BA, CRM, GS, AAPL led the DJIA, 21 advancers, +3

NUE, DHR, BIO, BBWI led the SPX, 358 advancers

TSLA, NTES, ASML, PDD led the NDX 84 advancers

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

Up: QQQ, SPY, DIA, IWM,

Down:  

Nine of eleven sectors were higher on Thursday, led by XLY, XLV and XLB.

Consumer Discretionary leaders:  TSLA, BBWI, LVS, ETSY

Health Care leaders:  DHR, BIO, TMO, MTD

Materials leaders:  NUE, SEE, SHW, ALB

Advancers weakened slightly on Thursday as advancers led 1,983to 1,216 on the NYSE and led 2,784 to 1,750 on the NASDAQ.

The SPY MFC green line turned up at 52 and is short-term bullish.  SPY opened flat, closed higher and stayed above short-term resistance on July 8 for the second day.

 

Uptrend sectors:    
Neutral sectors:   XLP, XLV, XLE, XLU,
Down trend sectors:  XLK, XLI, XLC, XLY, XLF, XLRE, 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

84 of 100 NDX stocks closed higher on Thursday.

88 NDX stocks are above their 30 DMA:   SGEN, MNST, VRTX, DLTR, AZN, COST, DXCM, OKTA, ORLY, KDP, KHC, PEP, VRSK, AMGN, SIRI, VRSN, AAPL, CDNS, CPRT, IDXX, CTAS, LCID, QCOM, TSLA, ADI, CHTR, ROST, SWKS, TXN, ALGN, AMZN, ATVI, CMCSA, CRWD, FISV, ISRG, MCHP, MU, NFLX, NXPI, ODFL, OKTA, PANW, SNPS, INTC, KLAC, SPLK, ABNB, ADBE, ADP, ADSK, AMAT, AMD, ANSS, ASML, AVGO, CSCO, CSX, EBAY, FTNT, GOOGL, INTU, LRCX, LULU, MAR, MDLZ, MELI, META, MRVL, MSFT, NVDA, PAYX, PCAR, PYPL, REGN, ZS, CTSH, DDOG, DOCU, EA, ILMN, MTCH, NTES, TEAM, WDAY, BIIB, HON, JD, ZM,

 

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 4

BIIB, HON, JD, ZM,

Moving Below 30 DMA = 2

GILD, TMUS,

 

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