SPX, NDX Rise for Second Day as Buyers More Focused...Growth Sectors: Technology, Consumer Discretionary, Communication Services Lead Sectors...After-Hours: NOW Higher on Earnings Reaction...

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SPX +88.10, 5,375, opened higher, closed higher for a second day as perceptions improved and negative tariff suppositions subsided.    

Breadth weakened and remained positive.  Net advancing capital today was greater than net advancing capital on Tuesday in both the NDX and SPX, suggesting institution continued to buy stocks in a more focused group of stocks than on Tuesday. 

The DJI, 39,606 +1.07%, rose over 400 points.  NDX +2.28% closed higher.  Closed higher for a second straight day.

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EPS Q1 on Thursday BMO: ALLE, AMP, BMY, CBRE, CMCSA, CMS, CNP, DOV, DOW, FCX, FI, FTI, HAS, IPG, KDP, LHX, LKQ, MRK, NDAQ, PCG, PEP, PG, POOL, TSCO, TXT, UNP, VLO, WST, WTW, XEL report.  AMC: DLR, DOC, EMN, ERIE, GILD, GOOGL, HIG, INTC, PFG, RSG, TMUS, VRSN, WY report.

120 total SPX companies report this week.

First day reaction: Q1

Positive: VRT, APH, BA, WAB, TSLA, STLD, BSX, COF, GEV, PM, TEL, ISRG, EFX, PNR, PHM, IVZ, MMM, DGX, GE, WRB, MCO, DHR, NTRS, SYF, GPC, ELV, NFLX, DHI, HBAN STT, KEY, CSX, ABT, PLD, CF, TRV, BAC, C, GS, FAST, JPM, BLK, MS, BK, DAL = 45

Neutral: NEE, NSC, T, ODFL, EQT, TMO, PKG, MSCI, LMT, VZ, NVR, BX, RF, SCHW, KMI, TFC, AXP, FITB, UAL, PGR, PNC, JNJ, MTB, WFC, STZ = 25

Negative: ENPH, LII, OTIS, BKR, MAS, GD, TDY, AVY, CB, CME, NOC, RTX, HAL, KMB, UNH, SNA, MMC, JBHT, OMC, USB, KMX = 21

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TSLA +12.77, +5.37%, earnings reaction, opened higher, traded in a range, closed higher.  

After-hours: NOW +84.30, +10.37%.

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

SPY up 8.17 at 535.42, 90.5 million shares, average volume

VIX down 2.12 at 28.45,

QQQ up 10.08 at 454.56

BA, CRM, AMZN, NVDA, AXP led the DJIA, 18 advancers, -12

NOW, APH, SMCI, VST, DELL led the SPX, 358 advancers,

TXN, TEAM, LRCX, MDB, PLTR led the NDX, 79 advancers,

Up: QQQ, SPY, IWM, DIA,

Down:

The SPY MFC green line is turned up at 45.2 and is short-term bullish. +0.5

Nine of eleven sectors were higher on Wednesday, led by XLK, XLY and XLC, growth sectors lead. 

Uptrend sectors: 

Neutral sectors: XLP, XLU, XLRE, XLF, XLC,

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

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

3-month Intermediate Term Market Trend:  Down

3-day Short Term Market Trend:  Up 

79 of 100 NDX stocks closed higher on Wednesday.

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

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 5

CEG, FTNT, INTU, TMUS, ZS,

Moving Below 30 DMA = 2

LIN, VRSK,

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