AMD Earnings Lift Semis, Tech stocks and Indexes Before the Open...SPX, NDX Open Higher, Closes Higher...Technology, Consumer Dicretionary, Utlities Lead Sectors...After Hours: META Rises on Positive Earnings Reaction...

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The SPX +85.86, 5,522, opened higher, trended up and closed higher on a positive AMD earnings reaction providing a strong catalyst to semiconductor and technology stocks.  Advancers breadth strengthened on Wednesday.  The NDX +3.01% trended up and closed higher.

The FOMC announced no change in the Fed Funds rate as expected.  The SPX rallied during the FOMC press conference.

MTCH +4.45, +13.21%, ANET +35.13, +11.28% were the SPX earnings gainers on Wednesday.

After-hours:  META +34.04, +7.17%, CHRW +8.66, +2.78%, on positive EPS reactions. 

Earnings season continues Thursday with 56 SPX companies reporting: AME, APD, APTV, BALL BDX, BIIB, CI, CMI, COP, D, DINO, ETN, ETR, EXC, GWW, HII, HSY, ICE, IRM, K, KIM, LH, MRNA, PNW, PWR, REGN, SO, TFX, TRGP, XEL report BMO and AAPL, AEE, AES, AMZN, BIO BKNG, CE, CLX, CPT, CTRA, ED, EOG, FRT, GDDY, GEN, INTC, LNT, MCHP, MSI, MTD, PRU, REG, RMD, SQ, VRTX, VTR report on Thursday AMC.

First day reaction: Q1

Positive:  MTCH, ANET DAY, BWA CZR, AMD, DD, KHC, TMUS, JCI, MA, COR, KKR, SBUX, WAT, FSLR, GEHC, BA, MDLZ, ADP, LYV, TT, EA, HES, HWM, FFIV, SWK, PYPL, IT, PSX, SYY, ZBRA, AMT, HOLX, HUBB, PFE, PEG, AEP, ON, RVTY, MCD, MMM, MHK, CHTR, BMY, NSC, CNC, AON, HIG, DECK, BKR, DOC, VLTO, WY, VRSN, EMN, AJG, CING, CL, NOW, MOH, UHS, POOL, TYL, CBRE, RTX, MAS, NDAQ, NOC, DOV, LUV VLO, URI RJF,  IBM, AAL, AMP, ORLY, FTI, WTW, HAS, ABBV, KDP, CMS, ENPH, T, NEE, TMO, STX, TDY, TEL, FI CSGP, PNR, MSCI, SHW, GE, LMT, DHR, BRO, HCA, PM, IVZ, IQV, TFC, ISRG, HBAN, SLB, FITB, DHI, CTAS, KMI, EFX, MTB, BX, DFS, USB, JNJ, CFG, PLD, STT, UNH, BAC, PNC, GS, BK, FAST= 12

Neutral: WEC, QRVO, FE, GNRC, NCLH, SYK, ESS, ITW, WELL, SBAC, SPGI, JNPR, KLAC, GL, DTE, UNP, DOW, IP, COF, ALLE, ODLFL, PKG, EQT, TXN, CME, WRB, MCO, KO, PHM, NVR, GPC, RF, TXT, CCI, STLD, SYF, MS, BLK = 38

Negative:  HUM, VRSK, BG, CDW, MAR, GRMN, SW, SWKS, MO, PSA, ACGL, EXR, UDR, BXP, MSFT, MRK, ECL, GLW, XYL, PG, LDOS, EQR, CNP, ADM, INCY, L, DXCM, LHX, PFG, TROW, BEN, DLR, EW, F, WST, TER, LKQ, WM, INVH, ALGN, RCL, ROL, HON, RSG, NEM, LVS, TSCO, CMG, CARR, PCG, LW, TSLA, FTV, ROP, OTIS, APH, WAB, GOOGL, GEV, V, GD, CB, IPG, BSX, UPS, PCAR, AOS, NXPI, GM, KMB, DGX, ARE, CMCSA, AVY, FCX, CDNS, NUE, VZ, TRV, HAL, PPG, AXP, NFLX, DPZ, ABT, KEY, LVS, SNA, MMC, UAL, JBHT, ELV, NTRS, OMC, SCHW, PGR, WFC, C, JPM = 99

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

SPY up 8.81 at 550.81, 65.6 million shares, above average volume

VIX down 1.33 at 16.36

QQQ up 13.54 at 471.07

AMZN, INTC, BA, AAPL led the DJIA, 18 advancers, -3

VST, MTCH, NVDA, ANET led the SPX, 339 advancers 

NVDA, CEG, AVGO, ASML led the NDX, 77 advancers

Up:  QQQ, SPY, IWM, DIA,

Down:   

Seven of eleven sectors were higher on Wednesday, led by XLK, XLY and XLU.

The SPY MFC green line turned up at 27 and is short-term bullish.

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

Neutral sectors: 

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: Up

77 of 100 NDX stocks closed higher on Wednesday.

51 NDX stocks are above their 30 DMA:  REGN, FANG, VRTX, CHTR, EA, CTAS, AMGN, BKR, GILD, ODFL, AEP, CTSH, GEHC, ILMN, FAST, LIN, ADP, PAYX, EXC, XEL, KHC, PEP, ORLY, CSGP, CSCO, MDLZ, CSX, MNST, TEAM, WDAY, CMCSA, KDP, TXN, ON, PYPL, AAPL, ADBE, ADI, ADSK, AZN, CCEP, DASH, FANG, INTU, ISRG, KLAC, MDB, MELI, SBUX, TMUS, TSLA,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 16

AAPL, ADBE, ADI, ADSK, AZN, CCEP, DASH, FANG, INTU, ISRG, KLAC, MDB, MELI, SBUX, TMUS, TSLA,

Moving Below 30 DMA = 2

CDW, VRSK,

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