SPX Closes Lower after Bouncing at 50% Fib Level...Energy, Industrials, Materials Lead Sectors...Jobs Report BMO...

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The SPX -39.80 opened lower, rallied into a trading range, pulled back in the last 30 minutes of trading to close near its open and formed a spinning top candle.  Thursday’s support was at the 50% Fib retracement level from its Oct. 13 low.

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

Friday:  Jobs Report 8:30 am ET BMO

168 SPX companies report EPS this week:

Monday: GPN, HWM, L, ON PCG, PEG, XRAY, AFL, ANET, AWK, CINF, HOLX, NXPI, SBAC, SYK, VNO, WMB

Tuesday: ABMD, AME, BEN, CNP, CTLT, ECL, ETN, FOXA, HSIC, IDXX, INCY, IT, LDOS, LLY, MPC, NEM, PFE, PSX, SEE, SPG, SYY, TAP, TECH, WAB, WAT, WEC, XYL, ZBRA, AIG, AIZ, AMCR, AMD, CLX, CZR, DVN, EA EIS, EXR, FMC, MCK MDLZ, MTCH, OKE PAYC, PEAK, PRU, PSA, VRSK

Wednesday: BR, CDW, CHRW, CRL, CVS, DISH, EL, ETR, GNRC, HUM, MLM, PARA, ROK, TEL, TRMB, TT, VMC, YUM, ZBH, ALB, ALL, ANSS, APA, BKNG, CDAY, CTSH, EBAY, EQIX, ES, ETSY, FLT, FTNT, HST, IR, LNC, LUMN, MET, MGM, MRO, O, PTC, QCOM, QRVO

Thursday: ABC, APD, APTV, BALL, CI, CMI, COP EPAM, EXC, FIS, GCI, HII, ICE, IRM, JCI, K, MAR, MRNA, PH, PNW, PWR, RCL, REGN, SRE, TRGP, ZTS, AEE, AES, AMGN, AVB, CE, CTRA, CTVA, ED, EOG, EXPE, FRT, ILMN, LYV, MCHP, MNST, MSI, MTC, NWSA, PYPL, REG, SBUX, SWKS, VTR, WBD

Friday: CAH, CBOE, D, DUK, EVRG, HSY, PPL

Saturday: BRK/B

First day reaction: Q3 through Nov 3…

Positive:

GCI, ETSY, RCL, APD, APA, BALL EQIX, PTC, COP, JCI, PWR, MRO, IR, ATV, TRGP, ICE, ALB, BKNG, CDAY, EBAY, ABC, PNW, SRE, IRM, ANSS, CI, MTCH, CRL, CVS, MCK EA, MDLZ, ABMD, IDXX, HOLX, IT, FOXA, ANET, MPC, HSIC, SPG, TECH, NXPI, INCY PFE, XYL, PSX, WAT, AFTL, SBAC, WMB, LDOS, AME, ETN, DXCM, GILD, INTC, VRSN, VRTX, AAPL, PFG, TMUS, GWW, AJG, COF, NEE, VICI, CHTR, XOM, HIG, AON, CL, CVX,  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 = 159 SHOP, PINS, FSLR,

Neutral:

PH, O, ALL, ES, REGN, MET, MRNA, HUM, TT, ETR, AIG, FMC, CDW, PEAK, YUM, PRU, CZR, WED, WAB, CNP, XRAY, EMN, WY, CPRT, SWN, CHD, 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 = 70

Negative:

LNC, FIS, LUMN, CTSH, FTNT, ZTS, MGM, K, EPAM, QCOM, HST, MAR, HII, CMI, EXC, FLT, QRVO, DVN, PARA, EXR, TRMB, CHRW, EL, PSA, TEL, BR, ROK, GNRC, PAYC, VRSK, AMCR, CLX, ZBH, MLM, DISH, AIZ, EIS, AMD, OKE, VMC, CTLT, ZBRA, ECL, SEE, SYK, CINF, BEN, TAP, SYY, LLY, AWK, VNO, NEM, ON, GPN, PEG, PCG, HWM, L, DVA, EW, BIO, AMZN, RMD, LYB, NWL, ABBV, PXD, LHX, MHK, RSG, 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 = 150 SNAP, WOLF

SPY down 3.86 at 371.01, on 87.1 million shares, below average volume, down on lower volume.

VIX down .56 at 25.86, volatility continues elevated.

QQQ down 5.19 at 260.49

BA, CAT, HON, CVX led the DJIA, 9 advancers, +6

GCI, ETSY, FTI, RCL led the SPX, 205 advancers

PDD, BKNG, AMD, MELI led the NDX 33 advancers

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

Up:

Down:  DIA, IWM, SPY, QQQ,

Four of eleven sectors were lower on Thursday, led by XLE, XLI and XLB.

Energy leaders:  FTI, APA, COP, MRO

Industrials leaders:  BA, JCI, PWR, IR

Basic Materials leaders:  APD, BALL, VMC

Advancers weakened on Thursday as decliners led 1,887 to 1,295 on the NYSE and led 2,752 to 1,877 on the NASDAQ.

The SPY MFC green line turned down at 78.8 and is defensive.  SPY opened lower and closed lower.

Uptrend sectors:  XLE,

Neutral sectors:  XLF, XLI, XLV,

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

33 of 100 NDX stocks closed higher on Thursday

47 NDX stock are above their 30 DMA:   BIIB, ORLY, DXCM, GILD, PCAR, AMGN, KHC, PEP, SIRI, ILMN, NFLX, EA, HON, ISRG, WBA, BKNG, ZM, ADP, CTAS, CSCO, DLTR, MRNA, AMAT, CHTR, COST, CPRT, CSX, IDXX, LRCX, MDLZ, MNST, NVDA, REGN, ROST, TMUS, AZN, LULU, KLAC, FAST, INTC, MU, VRTX, XEL, AEP, EBAY, LCID, MELI,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 3

EBAY, LCID, MELI,

Moving Below 30 DMA = 13

ADBE, ADSK, ASML, AVGO, CMCSA, CTSH, FISV, FTNT, MAR, NXPI, PAYX, TXN, VRSN,

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