NDX, SPX Close Lower on Mega-Cap Weakness...Industrials, Financial, Utilities Lead Sectors...After hours: AAPL up...AMZN down...

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The SPX -23.30 opened higher, traded in a volatile range, reversed and closed lower as the selling momentum of META, AAPL, MSFT and GOOGL carried the indexes lower on Thursday.

QQQ closed lower for the second day after weak earnings reactions from MSFT, GOOGL and META.  SPY, DIA and IWM remained above horizontal resistance.

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

After hours:  VRTX, INTC, AAPL and PINS trade higher on positive earnings reactions, AMZN and EW trade lower on negative earnings reactions.

166 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, XOM

First day reaction: Q3 through Oct 27…

Positive:

NOW, CAT, RE, RJF, ALLE, ORLY, MCD, HON, LKQ, LUV, SPGI, TXT, CARR, TFX, MAA, CMCSA, F, MRK, CMS, XEL, FBHS, 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 = 86

Neutral:

KIM, BWA, AMT, NOC, WTW, KLAC, URI, TWTR, EQT, DTE, MA, AOS, AEP, DLR, LIN, UDR, IP, SO, 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 = 44

Negative:

META, ALGN, WST, INVH, BAX, LH, MOH, FTI, SWK, CBRE, ESS, FISV, TYL, VFC, WDC, TROW, GL, MO, KDP, 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 = 79 SNAP

SPY down 2.04 at 379.98, on 81.9 million shares, below average volume, down on lower volume.

VIX up .11  at 27.39, volatility continues elevated.

QQQ down 5.06 at 272.87

CAT, BA, MCD, HON led the DJIA, 19 advancers, -2

NOW, ANET, RE, RJF led the SPX, 281 advancers

ORLY, MRVL, CHTR, KHC led the NDX 43 advancers

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

Up:  DIA, IWM,

Down:  SPY, QQQ,

Six of eleven sectors were higher on Thursday, led by XLI, XLF and XLU as sector momentum was mixed.

Industrials leaders:  CAT, ALLE, BA, ROL

Financial leaders:  RE, RJF, SCHW, AMP

Utilities leaders:  EIX, FE, AWK, SRE

Advancers weakened on Thursday as advancers led 1,745 to 1,419 on the NYSE and decliners led 2,424 to 2,235 on the NASDAQ.

The SPY MFC green line is pointed up at 58.7 and is short-term bullish.  SPY opened higher 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

3-day Short Term Market Trend: Sideways

43 of 100 NDX stocks closed higher on Thursday

60 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, WBA, ADBE, BKNG, ZM, ADP, ASML, CTAS, CTSH, CSCO, DLTR, INTU, KDP, MAR, MRNA, AMAT, CHTR, COST, CPRT, CSX, IDXX, LRCX, MDLZ, MNST, NVDA, ODFL, REGN, ROST, TMUS, AZN, CMCSA, EBAY, FISV, LULU, OKTA, PAYX, SPLK, WDAY, KLAC, PANW,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 3

CRWD, FAST, VRSK,

Moving Below 30 DMA = 9

AAPL, ALGN, AVGO, INTC, MCHP, MU, PYPL, QCOM, VRTX,

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