MSFT, GOOGL Earnings Reactions Lead NDX, SPX Lower...Real Estate, Health Care, Materials Lead Sectors...After hours: META, ALGN Lower, NOW, ORLY Higher...

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The SPX -28.51 opened lower, rallied higher, reversed and closed lower as the selling momentum of MSFT and GOOGL carried the indexes lower on Wednesday.

IWM closed higher as momentum continued positive for a fourth day, while DIA, SPY and QQQ closed lower.  SPY, DIA and IWM remained above horizontal resistance.

TLT, /CL and GLD closed higher, while DXY and TNX moved lower.

After hours:  NOW and ORLY trade higher on positive earnings reaction, META and ALGN trade lower on negative earnings reactions.

167 SPX companies report EPS this week:

Monday: ARE, BRO, CDNS, DFS, PKG, WRB, ZION,

Tuesday: ADM, BIIB, CNC, GE, GLW, GM, HAL, ITW, IVZ, KMB, KO, MCO, MMM, MSCI, NVR, PCAR, PHM, PNR, RTX, SHW, SYF, UPS, VLO, AMP, BXP, CB, CMG, CSGP, ENPH, EQR, FE, FFIV, GOOG, GOOGL, IEX, JNPR, MSFT, TER, TXN, UHS, V,

Wednesday: ADP, APH, AVY, BA, BMY, BSX, CME, FTV, GD, GRMN, HES, HLT, IQV, KHC, MAS, NSC, ODFL, OTIS, ROL, ROP, STX, TDY, TMO, WM, ALGN, DLR, EQT, ESS, F, FBHS, FTI, GL, INVH, KLAC, MAA, META, MOH, NOW, ORLY, RE, RJF, TYL, UDR, URI, VFC,

Thursday: AEP, ALLE, AMT, AOS, BAX, BWA, CARR, CAT, CBRE, CMCSA CMS, DTE, FISV, HON, IP, KDP, KIM, LH, LIN, LKQ, LUV, MA, MCD, MO, MRK, NOC, SO, SPGI, SWK, TFX, TROW, TWTR, TXT, WDC, WST, WTW, XEL, AAPL, AJG, AMZN, BIO, COF, CPT, DXCM, EMN, EW, GILD, HIG, INTC, LHX, MHK, PFG, PXD, RMD, RSG, SWN, TMUS, VICI, VRSN, VRTX, WY,

Friday: ABBV, AON, CHD, CHTR, CL, CVX, DVA, GWW, LYB, NEE, NWL, RCL, XOM

MSFT, GOOGL Tuesday, META Wednesday, AAPL, AMZN Thursday AMC will report earnings this week.

First day reaction: Q3 through Oct 25…

Positive: UHS, ROL, ENPH, CSGP, AMP, HES, V, TDY, IEX, TER, NSC, JNPR, ROP, BMY IQV, CB, BSX, CNC, MSCI, NVR, SYF, ARE, MCO, DFS, PHM, GM, SHW, PNR, ZION, KMB, ITW, KO, ADM, HAL, SLB, HBAN, CSX, LRCX, T, DGX, LVS, IBM, FCX, NUE, NFLX, ISRG, BKR, UAL, TRV, ELV, LMT, SBNY, GS, BAC, BK, USB, WFC, JPM, DAL, DPZ, FAST, PGR, WBA, BLK, PEP = 65

Neutral: APH, ODFL, GRMN, GD, KHC, HLT, OTIS, MMM, IVZ, PKG, PCAR, UPS, BIIB, GE, IPG, WHR, DOW, NVR, GPC, PG, JBHT, CFG, STT, JNJ, C, UNH = 26

Negative: BRO, GOOG, GOOGL, BA, STX, AVY, MSFT, FFIV, CMG, MAS, EQR, BXP, FE, WM, TXN, TMO, CME, FTV, ADP, CDNS, WRB, VLO, GLW, RTX, SIVB, RHI, HCA, VZ, AXP RF, UNP, TSLA, FITB, EFX, DHR, PPG, SNA, KMI, POOL, ALK, KEY, AL, TSCO, CCI, DOV, PM, MMC, MTB, NTRS, CMA, ABT, PLD, MTKX, NDAQ, OMC, TFC, HAS, FRC, SCHW, MS, PNC = 60 SNAP

SPY down 2.90 at 382.02, on 104.0 million shares, above average volume, down on higher volume.

VIX down 1.18 at 27.28, volatility continues elevated.

QQQ down 6.28 at 277.93

V, MMM, AMGN, IBM led the DJIA, 21 advancers, -5

UHS, ROL, ENPH, CSGP led the SPX, 284 advancers

PDD, JD, MRNA, AZN led the NDX 45 advancers

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

Up:  IWM,

Down:  DIA, SPY, QQQ,

Six of eleven sectors were higher on Wednesday, led by XLE, XLV and XLB as sector momentum remained positive.

Energy leaders:  HES, HAL, FTI, COP

Health Care leaders:  UHS, DVA, MRNA, COO

Basic Materials leaders:  FCX, NEM, LIN, CTVA

Advancers weakened on Wednesday as advancers led 1,925 to 1,305 on the NYSE and led 2,749 to 1,957 on the NASDAQ.

The SPY MFC green line is pointed up at 50.8 and is short-term bullish.  SPY opened lower and closed lower.

Uptrend sectors:  XLE,

Neutral sectors:  XLF, XLI, XLV,

Down trend sectors:  XLB, XLY, XLK, XLU, XLP, XLRE, XLC,

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

3-month Intermediate Term Market Trend: Down a little

3-day Short Term Market Trend: Up

45 of 100 NDX stocks closed higher on Wednesday

66 NDX stock are above their 30 DMA:   BIIB, ORLY, DXCM, GILD, PCAR, AMGN, KHC, PEP, SIRI, ABNB, ADSK, ILMN, NFLX, VRSN, EA, FTNT, HON, ISRG, MU, WBA, ADBE, BKNG, ZM, AAPL, ADP, ASML, CTAS, CTSH, CSCO, DLTR, INTU, KDP, MAR, MRNA, VRTX, AMAT, CHTR, COST, CPRT, CSX, IDXX, INTC, LRCX, MDLZ, MNST, NVDA, ODFL, REGN, ROST, TMUS, AZN, CMCSA, EBAY, FISV, LULU, MCHP, OKTA, PAYX, PYPL, QCOM, SPLK, WDAY, ALGN, AVGO, KLAC, PANW,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 4

ALGN, AVGO, KLAC, PANW,

Moving Below 30 DMA = 8

ADI, AMZN, DDOG, FAST, GOOGL, META, MSFT, TXN,

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