SPX Bounce Closes Higher in Broad Rally after Positive META EPS Reaction...Communications Services, Consumer Discretionary, Technology Lead Sectors...

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-SPX +79.36, opened higher, reversed and closed lower.

-SPX bounced above the HOLD after a META positive EPS reaction,

-VIX down 1.81.

-EPS reactions: HAS +7.52, +14.63%, META +29.16, +13.93%,

-ALGN -36.82, -10.38%

-After-hours:  MHK +3.92, +4.13%,

-FSLR -15.83, -7.88%, AMZN -2.29, -2.09%,

-PCE Report Friday at 8:30 am ET...

-Friday EPS reports 7 BMO,

-180 SPX companies in total are scheduled to report EPS this week.

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

Mega caps META, AMZN, TSLA, GOOGL, MSFT, AAPL, NVDA, rose.

Day 11 of Q1 Earnings Season continued with 45 SPX company reporting BMO:

First day reaction: Q1 through Apr 27…

Positive:  HAS, META, CMCSA, PNR, CBRE, CHRW, MOH, KLAC, EQT, AFL, CHD, GWW, TYL, ROP, EBAY, ROK, FTI, SPGI, HSY, HON, AVB, LLY, RHI, FIS, MAA, ORLY, NEM, ACGL, NO, MA, LKQ, KIM, AOS, BAX, CNP, MRK, UDR, SO, CMS, AAL, MO, CMG, MSFT, ALLE, CSGP, BXP, UHS, HES, MAS, BRO, CNC, FISV, PEP, PHM, KMB, PCAR, MCO, HCA, PG, CSX, SNA, LRCX, DHI, NUE, STLD, EFX, LVS, MMC, GPC, ISRG, ABT, UAL, TRV, BKR, NDAQ, USB, SYF, LMT, BK, MTB, SCHW, JPM, C, BLK, KMX = 85

Neutral: XEL, DTE, LIN, NOW, TXT, AWK, WST, BMY EW, CAT IEX, HUM, BA, BSX, GOOGL, GOOG, ADP, EQR, V, AMT, OTIS, VZ, IVZ, MCD, MMM, SHW, KO, PPG, UNP, IBM, ALK, DFS, FITB, MS, CFG, BAC, PLD, JBHT, PNC, WFC, FAST = 41

Negative:  ALGN, ABBV, DPZ, KDP, WTW, URI, IP, PXD, DGX, IPG, IQV, LUV, TER, RJF, VLO, TSCO, PTC, WM, ENPH, ODFL, WAB, GD, ILMN, FTV, ETR, HLT, AVY TEL, DOV, JNPR, NSC, TXN, TMO, TDY, MKTX, CME, CB, APH, FRC, MSCI, UPS, NTRS, DHR, GEHC, AMP, PKG, ADM, WHR, DOW, LH, CDNS, GM, BIIB, NVR, HAL, ARE,GLW, GE, NEE, RTX, WRB, SLB, FCX, RF, T, TSLA, STX, CCI, ZION, PM, TFC, KEY, CMA, FFIV, POOL, HBAN, KMI, AXP, ELV, OMC, NFLX, JNJ, GS, STT, UNH, PGR, DAL = 87

Friday: Before – AON, CHTR, CL, CVX, LYB, NWL, XOM,

SPY up 8.05 at 412.41, on 92.9 million shares, above average volume, up on higher volume.

VIX down 1.81 at 17.03

QQQ up 8.48 at 320.35

VZ, HON, DIS, MSFT led the DJIA, 29 advancers, +24

HAS, META, PNR, CBRE led the SPX, 443 advancers

META, LCID, CMCSA, KLAC led the NDX, 84 advancers.

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

Up:  QQQ, SPY, DIA, IWM,

Down:

All eleven sectors were higher on Thursday, led by XLC, XLY, XLRE and XLK.

The SPY MFC green line turned up at 81.5 and is short-term bullish.  SPY opened higher, trended up and closed higher.

Uptrend sectors:   XLK, XLC, XLB, XLP, XLV,

Neutral sectors:  XLU, XLI, XLY, XLE, XLF, XLRE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Sideways

84 of 100 NDX stocks closed higher on Thursday.

52 NDX stock are above their 30 DMA:   VRSK, AAPL, MDLZ, PEP, AMZN, CPRT, EA, ISRG, VRTX, AZN, LULU, REGN, BIIB, MNST, GILD, AEP, KHC, ORLY, XEL, EXC, WBA, DLTR, FANG, SBUX, CSX, FISV, COST, CSGP, BKR, DXCM, BKNG, EBAY, MAR, PCAR, TMUS, DDOG, MSFT, MU, NVDA, ROST, ADP, CMCSA, CTAS, FAST, GOOG, GOOGL, HON, IDXX, KLAC, LCID, LRCX, META,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 12

ADP, CMCSA, CTAS, FAST, GOOG, GOOGL, HON, IDXX, KLAC, LCID, LRCX, META,

Moving Below 30 DMA = 2

ALGN, KDP,

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