SPX Closes Lower After META EPS, Durable Goods Orders and GDP Reports Above Expectations...After-hours: ORLY, AMZN, CMG Up, ENPH Down...

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The SPX -49.54 opened lower after a negative reaction to META EPS, continued lower after Durable Goods Orders and GDP reports were better than expected at 8:30 am ET (good news is bad news) and closed lower below short-term support.

Breadth was negative on Thursday.

After-hours:  ORLY +13.81, +17.03%, AMZN +6.41, +5.36%, CMG +68.51, +3.79%, ENPH -16.18, -16.82% after reporting EPS.

Friday day 12 of Q3 earnings season continues with 12 SPX companies BMO: ABBV, AON, CBRE, CHTR, CL, CVX, LYB, PSX, SWK, TROW, XEL, XOM reporting BMO.  163 SPX companies report this week.

First day reaction:

Positive:  WTW, FTI, AMT, MAS, AOS, EQIX, ORLY, KIM, RJF, IBM, LH, BG, ROL, NOW, IEX, GWW, AMP, BKR, TXT, NEM, EQT, MRK, UHS, LIN, AVB, KDP, CMS, GL, URI, WM, WAB, GD, MSFT, MCO, FFIV, CB, RHI, VZ, RTX, NEE, GE, FI, MMM, NUE, BRO, PCAR, IVZ, PKG, KO, WRK, DOW, DGX, PHM, ARE, NFLX, T, LVS, EFX, UNP, FITB, NDAQ, ABT, PG, STT, BK, BAC, SCHW, PGR, WFC, UNH, JPM, FAST, WBA, = 73

Neutral: RCL, KLAC, CNP, DTE, VICI, BSX, IP, LUV, V, HLT, APH, TMUS, CME, ROP, HES, ITW, GLW, CSX, SNA, AAL, MMC, KMI, ELV, TRV, LMT, JNJ, C, DPZ = 28

Negative:  ALGN, WHR, HAS, WST, CMCSA, EW, MO, BMY, LKQ, UPS, MA, KVUE, TSCO, VMC, MAA, INVH, EG, TER, META, HSY, PCG, STX, MOH, CARR, VLO, NOC, VLTO, HON, GOOGL, MKTX, ADP, FTV, TMO, NSC, CSGP, ODFL, TXN TDY, AVY, BA, OTIS, PNR, HCA, SYF, ADM, DHR, HAL, GM, NVR, CNC, SHW, DOV, KMB, CDNS, RF, CMA, AXP, HBAN, IPG, SLB, ISRG, GPC, ZION, TSLA, DFS, BX, LRCX, CCI, STLD, POOL, PPG, PM, TFC, ALK, KEY, FCX, UAL, JBHT, MS, NTRS, CFG, USB, MTB, OMC, GS, PLD, BLK, PNC, DAL = 89

Mega caps AMZN, AAPL, GOOGL, TSLA, NVDA, META, MSFT fell on Thursday.

SPY down 5.00 at 412.55 on 115.1 million shares, above average volume, closed lower on higher volume. 

VIX up .49 at 20.68

QQQ down 6.68 at 343.66

IBM, VZ, MRK, DOW led the DJIA, 8 advancers, -2

WTW, FTI, AMT, MAS led the SPX, 242 advancers

ORLY, JD, BKR NXPI led the NDX, 29 advancers.

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

Up:  IWM,

Down:  DIA, SPY, QQQ,

Three of eleven sectors were higher on Thursday, led by XLRE, XLU and XLB.

The SPY MFC green line is pointed down at 6.5 and is short-term bearish.  SPY opened lower and closed lower.

Uptrend sectors:   XLE, XLC, XLK,

Neutral sectors:  XLF, XLY, XLI, XLB, XLV,

Down trend sectors:  XLU, XLRE, XLP,

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down

29 of 100 NDX stocks closed higher on Thursday.

16 NDX stocks are above their 30 DMA:  SGEN, PDD, VRTX, CEG, FAST, MSFT, FANG, GILD, LULU, ROST, NFLX, TMUS, XEL, DLTR, AEP, ORLY,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 2

AEP, ORLY,

Moving Below 30 DMA = 6

AMGN, CRWD, CTAS, EA, PANW, SBUX,

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