SPX Opens Lower, Closes Lower forms Doji...SNA, LRCX, DHI, NUE EPS Lead SPX Gainers...T, TSLA, STX Lead SPX Decliners...

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-SPX -24.73 opened lower, pulled rallied after the open to close flat, forms doji.

-VIX up .71.

-Earnings: LRCX +7.23%, DHI +5.64%, NUE +5.50%, TSLA -9.75% on Thursday

 

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

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

Day 6 of Q1 Earnings Season continued with seventeen SPX companies reporting BMO:

First day reaction: Q1 through Apr 20…

Positive:  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 = 2

Neutral: UNP, IBM, ALK, DFS, FITB, MS, CFG, BAC, PLD, JBHT, PNC, WFC, FAST = 13

Negative:  T, TSLA, STX, CCI, ZION, PM, TFC, KEY, CMA, FFIV, POOL, HBAN, KMI, AXP, ELV, OMC, NFLX, JNJ, GS, STT, UNH, PGR, DAL = 23

Friday: Before – FCX, HCA, PG, RF, SLB

SPY down 2.26 at 411.88, on 75.7 million shares, below average volume, down on higher volume.

VIX up .71 at 17.17

QQQ down 2.43 at 316.28

WBA, V, JNJ, WMT led the DJIA, 11 advancers, -4

SNA, DHI, NUE, STLD led the SPX, 172 advancers

LRCX, KLAC, AMAT, COST led the NDX, 35 advancers.

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

Up:

Down:  DIA, IWM, SPY, QQQ,

One of eleven sectors was higher on Thursday, led by XLP, XLU and XLB.

The SPY MFC green line turned down at 93.8 and is counter-trend defensive.  SPY opened lower, rallied from the open to close flat above short-term resistance.

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 up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down a little

35 of 100 NDX stocks closed higher on Thursday.

67 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, FTNT, ATVI, VRSK, AAPL, ILMN, INTC, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, AMZN, CPRT, EA, INTU, ISRG, VRTX, AZN, LULU, REGN, AMGN, BIIB, MNST, NFLX, CTAS, KDP, GILD, AEP, CMCSA, KHC, ORLY, TMUS, XEL, EXC, WBA, CTSH, DLTR, FANG, SBUX, ALGN, CSX, FISV, MU, COST, CSGP, HON, BKR, DXCM, BKNG, EBAY, IDXX, MAR, FAST, ODFL, PCAR, ABNB, AVGO, ROST, LRCX,  

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 1

LRCX,

Moving Below 30 DMA = 11

ADI, ADP, CRWD, DDOG, MRVL, PANW, PAYX, PYPL, SIRI, TEAM, WDAY,

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