SPX, NDX Flat before 3-day Easter Weekend as Breadth Strengthens...VIX Lowest Close since April 2...Energy, Consumer Staples, Real Estate Lead Sectors...After-hours: NFLX Gains...Happy Easter...

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Markets are closed on April 18 for observance of Good Friday and the Easter Holiday weekend.

SPX +7.00, 5,282, opened higher, traded in a range, closed slightly higher.  Today’s drivers were an increase in buying, a negative UNH earnings reaction and continued selling in NVDA.   Thursday was consolidation day after Wednesday’s pullback. 

Breadth strengthened as exchange and index advancers rose more than 100% in both the NDX and SPX. 

The DJI, 39,142 -1.33%, opened higher, reversed on a negative UNH EPS reaction.  NDX +.449, +0.00% closed flat.

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EPS Q1 on Thursday thirteen SPX stocks reported: AXP, BX, DHI, FITB, HBAN, KEY, MMC, RF, SCHW, SNA, STT, TFC, UNH

120 total SPX companies report next week in addition to today AMC NFLX.

First day reaction: Q1

Positive: DHI, HBAN STT, KEY, CSX, ABT, PLD, CF, TRV, BAC, C, GS, FAST, JPM, BLK, MS, BK, DAL = 18

Neutral: BX, RF, SCHW, KMI, TFC, AXP, FITB, UAL, PGR, PNC, JNJ, MTB, WFC, STZ = 14

Negative: UNH, SNA, MMC, JBHT, OMC, USB, KMX = 7

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TSLA -0.18, -0.07%, slightly higher open, trading range, formed a small red hammer candle pattern. Earnings on Tuesday April 22, AMC.

After hours: NFLX +33.76, +3.47%, on EPS beat.

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

SPY up 0.75 at 526.41 79.8 million shares, below average volume

VIX down 2.99 at 29.65, lowest close since April 2.

QQQ down 0.08 at 444.10

NKE, BA, HD, PG led the DJIA, 20 advancers, +15

LLY, FIS, DLTR, CE led the SPX, 384 advancers,

FANG, ODFL, TTD, APP led the NDX, 67 advancers,

Up: IWM, SPY,

Down: QQQ, DIA,

The SPY MFC green line turned up to 47.3 and is short-term bullish. +1.7

Nine of eleven sectors were higher on Thursday, led by XLE, XLP and XLRE. 

Uptrend sectors: 

Neutral sectors: XLP, XLU, XLC, XLF,

Down trend sectors: XLY, XLV, XLRE, XLE, XLI, XLK, XLB,

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

3-month Intermediate Term Market Trend:  Down

3-day Short Term Market Trend:  Down 

67 of 100 NDX stocks closed higher on Thursday.

28 NDX stocks are above their 30 DMA: EXC, CPRT, AXON, CCEP, CDNS, COST, CRWD, CTAS, KDP, MDLZ, MNST, PLTR, ROST, EA, FAST, MSTR, TTWO, VRSK, AEP, CSGP, MELI, NFLX, ZS, BKNG, IDXX, ORLY, TMUS, XEL,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 5

BKNG, IDXX, ORLY, TMUS, XEL,

Moving Below 30 DMA = 1

ADSK,  

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