SPX Closes Lower...Utilities, Communication Services, Consumer Staples Lead Sectors...Selling Pressure and Fed Speak Continue...GPC Leads SPX on Positive EPS Reaction...After-hours: NFLX Lower after Earnings...

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The SPX -11.09, 5,011.12, opened higher, reversed, traded in a range and closed lower for a fifth day.

Fedspeak from Bowman, Williams, Bostic and Kashkari continued to guess the Fed won’t cut rates until later this year or next.  Their repeated comments correlate with selling pressure again on Thursday.

Friday Q1 day 6: BMO: AXP, FITB, HBAN, PG, RF, SLB, AMC:

First day reaction: Q1

Positive:  GPC, DFS, ELV, KMI, MMC, CMA, CCI, UAL, CFG, OMC, UNH, MS, MTB, GS, SCHW, STT, STZ = 17

Neutral:  CSX, DHI, KEY, PGR, WFC = 5

Negative:  LVS, EFX, SNA, BX, JBHT, TRV, PLD, ASML, USB, ABT, NTRS, BAC, JNJ, PNC, BK, JPM, BLK, C, KMX, FAST, DAL = 20

GPC +16.16, +11.22%, 160.23, led the SPX after a positive earnings reaction. 

NVDA +6.36, +0.76%,846.71, opened higher, traded in range and closed higher as many semiconductors (TSM, MU, AMAT, LRCX, ASML, SMH and more) moved lower on a continuation selloff after ASML earnings miss Tuesday evening.

After-hours:  NFLX -29.66, -4.85%, 581.49, after earnings and revenue beat, announces changes to reporting of quarterly membership numbers starting with Q1 2025 earnings. 

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

SPY down 1.03 at 499.52 on 74.5 million shares, average volume,

VIX down .21 at 18.00

QQQ down 2.43 at 423.41

UNH, TRV, NKE, VZ led the DJIA, 15 advancers, +4

GPC, UAL, EL, AAL led the SPX, 260 advancers 

PEP, AEP, CMCSA, META led the NDX, 35 advancers

Up:   DIA,

Down:  IWM, SPY, QQQ,

Six of eleven sectors were higher on Thursday, led by XLU, XLC and XLP

The SPY MFC green line is pointed down at 9.9 and is short-term bearish.

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

Neutral sectors:  XLV, XLRE,

Down trend sectors: 

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

35 of 100 NDX stocks closed higher on Thursday.

12 NDX stocks are above their 30 DMA:  CTAS, CEG, FANG, MU, AZN, GOOGL, KHC, KDP, XEL, PEP, DDOG, PANW,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 1

DDOG, PANW,  

Moving Below 30 DMA = 1

AMZN,

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