SPX Opens Lower after META EPS and GDP Report, Rallies From Low...After-hours MSFT, GOOGL Gap Up on Positive EPS Reactions...

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The SPX -23.21, 5,048, opened lower, 5,019, after META gapped down on negative EPS reaction and GDP was a lower than expected +1.6% vs. +2.3% forecast. The SPX made a low at 10:03 am ET a began a 58-point rally to close higher than its open, but still down for the day.

META -52.12, -10.56%, 441.38, gapped down on a negative reaction after an EPS and revenue beat and was the largest % decliner in both the SPX and NDX.

TSLA +8.05, +5.97%, 170.18, rose for a second day after a positive earnings reaction. 

NVDA +29.55, +3.71%, 826.32, opened lower, reversed and recovered most on Wednesday’s pullback.  It closed above the high of the low day and for a piercing line candle.

After-hours: GOOGL +18.04, +11.56%, and MSFT +17.21, +4.31%, on positive EPS reactions.

PCE Report at 8:30 am ET Friday. 

Friday Q1 day 11 BMO: ABBV, AON, BALL CHTR, CL, CNC, CVX, HCA, LYB, PSX, ROP, TROW, XOM, AMC:

First day reaction: Q1

Positive:  NEM, TYL, CARR, TER, CMG, URI, UNP, KDP, DOV, FTI, ROL, MRK, NOC, TSCO, LRCX, AAL, HES, GEV, MO, WM, TSLA, HAS, WAB, CSGP, BSX, TXN, SYF, BIIB, HLT, EQT, EQR, T, APH, IPG, GL, GE, DHR, KMB, DGX, PHM, FI, GM, PM, UPS, NEE, TFC, AXP, FITB, GPC, DFS, ELV, KMI, MMC, CMA, CCI, UAL, CFG, OMC, UNH, MS, MTB, GS, SCHW, STT, STZ = 65

Neutral:  F, RCL, SPGI, PCG, CMS, VLO, DTE, UHS, XEL, HON, DOW, STX, AVY, TMO, V, ETR, ARE BRO, NVR, RTX, LMT, HAL, PNR, HBAN, PG, RF, CSX, DHI, KEY, PGR, WFC = 31

Negative:  META, BMY, IBM, CAT, LUV, CMCSA, AOS, LH, WST, RJF, MOH, NOW, ORLY, WTW, IP, NDAQ, POOL, ALLE, GWW, ALGN, ODFL, TDY, FTV, ENPH, MAS, OTIS, GD, HUM, NSC, BG, IEX, STLD, BA, CB, TEL, CME, VLTO, BKR, LKQ, MSCI, NUE, IVZ, WRB, PKG, AMP, PEP, SHW, FCX, CDNS, VZ, NFLX, PPG, SLB, ISRG, LVS, EFX, SNA, BX, JBHT, TRV, PLD, ASML, USB, ABT, NTRS, BAC, JNJ, PNC, BK, JPM, BLK, C, KMX, FAST, DAL = 74

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

SPY down 1.92 at 503.49 on 69.1 million shares, slightly below average volume,

VIX down .60 at 15.37

QQQ down 2.06 at 424.45

MRK, INTC, BA, UNH led the DJIA, 11 advancers, -7

NEM, TYL, CARR, TER, CMG, URI led the SPX, 185 advancers 

AZN, TSLA, KDP, MRVL led the NDX, 41 advancers

Up:   

Down:  SPY, QQQ, IWM, DIA,

Five of eleven sectors were higher on Thursday, led by XLB, XLE and XLI

The SPY MFC green line is pointed up at 26.1 and is short-term bullish.

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

Neutral sectors:  XLY, XLV, XLK,

Down trend sectors:  XLRE,

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: Up a little

41 of 100 NDX stocks closed higher on Thursday.

30 NDX stocks are above their 30 DMA:  CTAS, FANG, AZN, GOOGL, KHC, KDP, XEL, PEP, AEP, EXC, TMUS, ADP, CEG, MDLZ, PANW, PDD, DDOG, MDB, MRNA, TEAM, ABNB, ADI, CCEP, DXCM, MCHP, PAYX, TXN, BKR, NXPI, TSLA,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 3

BKR, NXPI, TSLA,

Moving Below 30 DMA = 6

AMGN, COST, CSGP, INTU, PYPL, TTD,

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