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The SPX -36.77 opened lower after China economic data and UK inflation,
reversed higher, rolled into a lower range before closing lower for the day.
Fed-speak from Barr, Bowman, Williams and the release of the
Fed’s Beige book occurred on Wednesday.
Thursday day 4 of Q4 earnings season
continues with 6 SPX companies FAST, JBHT, KEY, MTB, NTRS, TFC reporting
BMO and PPG AMC.
The first 15 companies have had modest first
day price reactions.
First day reaction: Q4
Positive: CFG, BK, C = 3
Neutral: GS, PNC, BLK, JPM = 4
Negative: PLD, USB, SCHW, MS, DAL,
UNH, WFC, BAC, = 8
Mega caps META rose and MSFT, AAPL, NVDA, GOOGL, AMZN, TSLA fell on Wednesday.
SPY down 2.64 at 472.29 on 68.8 million shares, below average volume, closed lower
on lower volume.
VIX up .95 at 14.79
QQQ down 2.31 at 407.21
BA, UNH, CRM, V led the DJIA, 10 advancers, -0
JCI, CME, HUM, SJM led the SPX, 101 advancers
PYPL, DDOG, SIRI, TTD led the NDX, 27 advancers.
The two-year trend term is sideways. The
one-year trend is up.
Up:
Down: DIA, SPY, QQQ, IWM,
All eleven sectors were lower on Wednesday, led by XLP, XLF and XLV.
The SPY
MFC green line is pointed down at 88.1 and is counter-trend defensive.
Uptrend sectors: XLC,
XLK, XLF, XLY, XLI, XLRE, XLB, XLV, XLP, XLU,
Neutral sectors: XLE,
Down trend sectors:
The 6-month intermediate
trend is up. The ten-day trend is sideways.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Down
27 of 100 NDX stocks
closed higher on Wednesday.
52 NDX stocks are above their 30
DMA: DLTR, CRWD, CTAS, ROST, TMUS, DXCM, AMD, QCOM, KHC, COST,
ZS, BKNG, MAR, ISRG, CSX, MRNA, TEAM, REGN, AMGN, GILD, ILMN, AVGO, MRVL,
MU, ANSS, FTNT, META, VRTX, CSCO, CCEP, SPLK,
GOOG, MNST, ADP, MDLZ, ADSK, NVDA, AMZN, CTSH, DASH, DDOG, GOOGL, LRCX, MSFT,
NFLX, WDAY, PANW, TTWO, MELI, CDNS, MDB, ORLY, ROP, VRSK, SIRI,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
SIRI,
Moving Below 30 DMA = 8
ADBE, AZN, CDW, FAST, GEHC, INTC, INTU,
KLAC,
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