SPX Opens Lower, Closes Lower, on Broad Selloff after Negative GOOGL EPS Reaction...META, ALGN Fall After-hours...

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The SPX -60.91 opened lower after a negative reaction to GOOGL EPS, continued lower after New Homes Sales report was better than expected at 10 am ET (good news is bad news), broke short-term support and closed lower.

Breadth was negative on Wednesday.

After-hours:  ORLY +35.08, +4.01%, META -10.03, -3.35%, ALGN -64.32, -25.35% after reporting EPS.

Thursday day 11 of Q3 earnings season continues with 39 SPX companies BMO: AMT, AOS, BG, BMY, BSX, CARR CMCSA, CMS, CNP, DTE, FTI, GWW, HAS, HON, HSY, IP, KDP, KIM, KVUE, LH, LIN, LKQ, LUV, MA, MAS, MO, MRK, NEM, NOC, PCG, RCL, STX, TSCO, TXT, UPS, VLO, VMC, WST, WTW reporting BMO and 25 companies AMC: AJG, AMZN, BIO, CINF, CMG, COF, CPT DLR, DXCM, EMN, ENPH, ESS, F, FE, HIG, INTC, JNPR, LHX, MHK, PFG, RMD, RSG, UDR, VRSN, WY.  163 SPX companies report this week.

First day reaction:

Positive:  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, = 44

Neutral: V, HLT, APH, TMUS, CME, ROP, HES, ITW, GLW, CSX, SNA, AAL, MMC, KMI, ELV, TRV, LMT, JNJ, C, DPZ = 20

Negative:  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 = 61

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

SPY down 6.08 at 417.55 on 94.2 million shares, above average volume, closed lower on higher volume. 

VIX up 1.22 at 20.19

QQQ down 8.79 at 350.34

TRV, MSFT, WBA, UNH led the DJIA, 10 advancers, -11

WM, WAB, GD, HRL led the SPX, 126 advancers

MSFT, WBA, KHC, FANG led the NDX, 13 advancers.

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

Up: 

Down:  DIA, SPY, IWM, QQQ,

Two of eleven sectors were higher on Wednesday, led by XLU, XLE and XLE.

The SPY MFC green line is pointed down at 10.1 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

13 of 100 NDX stocks closed higher on Wednesday.

20 NDX stocks are above their 30 DMA:  SGEN, PDD, CRWD, AMGN, EA, VRTX, CEG, FAST, MSFT, FANG, GILD, LULU, ROST, SBUX, NFLX, PANW, CTAS, TMUS, XEL, DLTR,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 1

DLTR,

Moving Below 30 DMA = 11

ADBE, ASML, AVGO, CPRT, GOOGL, KLAC, META, PAYX, SIRI, SNPS, ZS,

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