SPX, NDX Closed Slightly Lower as Mega Caps Closed Lower...Utilities, Real Estate, Industrials Lead Sectors...Earnings Reports Continue...

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SPX -12.57, 5,937, opened slightly higher, traded in a range and closed slightly lower.  As expected from Wednesday strength, breadth weakened, but finished slightly positive on Thursday.

The DJI, 43,153, closed -0.16% lower. 

NDX -0.69%, retraced a third of Wednesday’s rally.

TSLA -14.40, -3.36%, opened and closed lower, at its 30 DMA.

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Four of six reporting SPX stocks, PNC, MTB, USB, UNH had -1% or lower EPS reactions today. 

7 more SPX companies report this week: Thursday after hours: JBHT, Friday: CFG, FAST, HBAN, RF, SLB, STT, TFC

First day reaction: Q4

Positive:  MS, BK, WFC, C, GS, BLK, JPM, WBA, DAL = 9

Neutral:  BAC = 1

Negative:  UNH, USB, MTB, PNC, STZ = 5

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Mega caps TSM, BRK/B, AVGO rose and MSFT, META, AMZN, GOOGL, NVDA, TSLA, AAPL fell on Thursday. 

SPY down 1.14 at 591.64, 43.0 million shares, below average volume

VIX up .48 at 16.60,

VIX1D up .72 at 14.35,

QQQ down 3.62 at 513.08

SHW, JNJ, BA, CAT led the DJIA, 19 advancers, -4               

DXCM, AMT, EL, CCI led the SPX, 376 advancers, increased from 367

DXCM, CEG, AMAT, KLAC led the NDX, 55 advancers

Up:  IWM,  

Down:  DIA, SPY, QQQ,

The SPY MFC green line is pointed up at 28.9 and is short-term bullish. +3.4.

Eight of eleven sectors were higher on Thursday, led by XLU, XLRE and XLI.

Uptrend sectors:   XLY, XLC, XLF, XLI, XLK, XLU,

Neutral sectors:  XLE,

Down trend sectors: XLRE, XLP, XLV, XLB,

The 6-month intermediate trend is up.  The ten-day trend is Up a little.

3-month Intermediate Term Market Trend: Up a little

3-day Short Term Market Trend: Up

55 of 100 NDX stocks closed higher on Thursday.

38 NDX stocks are above their 30 DMA:  MRVL, AVGO, GOOGL CEG, ASML, BKR, FANG, KLAC, AMAT, CDW, GEHC, ISRG, AEP, DXCM, ARM, CSCO, EXC, MU, PAYX, PCAR, QCOM, AMGN, ANSS, CRWD, LRCX, MELI, META, MSTR, PDD, PYPL, SNPS, TSLA, ADP, AZN, CSX, IDXX, LIN, SBUX,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 6 

ADP, AZN, CSX, IDXX, LIN, SBUX,

Moving Below 30 DMA = 3

ADI, GILD, TXN,

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