SPX Bounces Back, Closes Higher...Consumer Staples, Consumer Discretionary, Utilities Lead Sectors Higher...After-hours META Soars on EPS Beat...

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The SPX +60.54 regained 75% of Wednesday’s selloff which largely occurred during Powell’s FOMC press conference.  ISM Mfg. Index 49.1 vs. 47.4 consensus, better than expected.

CTVA +8.58, +18.87%, positive EPS reaction, CHRW -10.59, -12.59%, AFL -8.14, -9.65%, negative EPS reactions.

After the close, META EPS and revenue beat with $5.33 vs. $4.95 estimate and $40.11B vs. $39.17B estimate.

After-hours:  META +60.04, +15.21%, AMZN +11.29, +7.09%, CLX +11.32, +7.65%, positive EPS reaction, AAPL –5.51, -2.99%, negative EPS reaction.

Jobs Report on Friday at 8:30 am ET.

Friday, day 15 of Q4 earnings season continues with 12 SPX companies ABBV, AON, BMY, CBOE, CHD, CHTR, CI, CVX, GWW, LYB, REGN, XOM reporting BMO.  107 SPX companies report this week.

First day reaction: Q4

Positive:  CTVA, PH, ETN, TT, BALL, QRVO, MRK, TSCO, DOV, MO, CMS, ALGN, RVTY, BDX, WEC, SYK, COR, BA, FTV, ADP, BSX, MTCH, EQR, PSX, MSCI. GM, SYY, NUE, GLW, MPC, HCA, DHR, HUBB, AXP, COF, LHX, CL, URI, AAL, IBM, RMD, WRB, CCI, MKC, PKG, DOW, CMCSA, VLO, BX, LRCX, STX, CSX, NEE, RJF, XEL, LVS, NFLX, TXT, TEL, GD, FCX, APH, VZ, RTX, UAL, BRO, PG, PCAR, HAL, TRV, RF, HBAN, FITB, SLB, STT, FAST, JBHT, MTB, CFG, BK, C = 81

Neutral:  RCL, AVB, PTC, DGX, MA, CB, SWKS, EA, JNPR, AVY, FFIV, NVR, PHM, PNR, BEN, TMUS, WY, SHW, AMP, NOW, UNP, STLD, ELV, ISRG, SYF, GE, CMA, TFC, GS, PNC, BLK, JPM = 32

Negative:  CHRW, AFL, MET, QCOM, IP, CAH, WRK, TECH, HON, ITW, SWK, BR, MKTX, ROK, TER, GOOGL, APTV, BXP, TMO, ROP, MSFT, AMD, RHI, HES, OTIS, MDLZ, ODFL, NDAQ, SBUX, UPS, WHR, ARE, JCI, AOS, PFE, INTC, FICO, KLAC, WDC, AJG, V, NSC, TSLA, HUM, NOC, MMC, LUV, KMB, TDY, BKR, T, ABT, TXN, MMM, DHI, IVZ, LMT, JNJ, ZION, PPG, DFS, KEY, NTRS, KMI, PLD, USB, SCHW, MS, DAL, UNH, WFC, BAC, = 72

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

SPY up 6.32 at 489.20 on 91.8 million shares, above average volume, closed higher on lower volume. 

VIX down .47 at 13.88

QQQ up 4.91 at 421.88

MRK, AMGN, WBA, KO led the DJIA, 22 advancers, +18

CTVA, FMC, NSC, ETSY led the SPX, 397 advancers 

CEG, WBD, DLTR, CHTR led the NDX, 85 advancers.

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

Up:  IWM, SPY, QQQ, DIA,

Down:   

Ten of eleven sectors were higher on Thursday, led by XLP, XLY and XLU.

The SPY MFC green line is pointed down at 89.2 and is counter-trend defensive. 

Uptrend sectors:   XLC, XLK, XLF, XLV, XLY, XLI, XLRE, XLB, XLP, XLU,

Neutral sectors: 

Down trend sectors:  XLE,

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

85 of 100 NDX stocks closed higher on Thursday.

65 NDX stocks are above their 30 DMA:  CRWD, CTAS, ROST, TMUS, AMD, COST, ZS, MAR, ISRG, TEAM, REGN, AMGN, ILMN, AVGO, MRVL, MU, FTNT, META, VRTX, CCEP, SPLK, ADP, MDLZ, ADSK, NVDA, AMZN, CTSH, DASH, DDOG, LRCX, MSFT, NFLX, WDAY, PANW, TTWO, MELI, CDNS, ORLY, VRSK, AMAT, ASML, CDW, FAST, INTU, KLAC, PCAR, ABNB, ADBE, CMCSA, SNPS, EA, CEG, CSX, MDB, PAYX, PEP, BKNG, CHTR, CPRT, CSGP, DLTR, KHC, PYPL, ROP, XEL,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 9

BKNG, CHTR, CPRT, CSGP, DLTR, KHC, PYPL, ROP, XEL,

Moving Below 30 DMA = 1

QCOM,

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