SPX, NDX Gain on MSFT, META Positive EPS Reactions...Technology, Industrial, Consumer Discretionary Lead Sectors...After-hours: AAPL, AMZN Lower on EPS Reaction...

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SPX +35.08, 5,604, opened higher, rose another 50+ points after the ISM Mfg. Index reported 48.7 above 47.9 consensus. The SPX hit a 5,658 high before moving sideways to close below its high of the day.  The DJI, 40,752 +0.21%, and NDX +1.10% also closed higher. 

Breadth was mixed as advancers increased on the exchanges but fell in the indexes. Net change advancing capital was larger than net declining capital in the SPX, NDX and DJIA.

The Jobs Report for April will be released Friday at 8:30 am ET consensus estimate is 130K new jobs and 4.2% unemployment rate.  

Thursday session insight: Doing master chess player thinking includes considering multi-scenario outcomes and an approximate probability estimate for each scenario.  What’s more likely, what’s less likely.  In TA trend direction is more probable than fluctuation direction. 

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EPS Q1 on Friday BMO: AME, APD, APTV, BAX, BDX, BIIB, BLDR, BR, CAH, CARR, CHD, CVS, D, DINO, DTE, EL, EXC, FTV, GWW, HII, HSY, HUBB, HWM, ICE, IDXX, IEX, IRM, K, KIM, KKR, LIN, LLY, MA, MCD, MRNA, PH, PNW, PWR,  SO, SW, TFX, TRGP report.  AMC: AAPL, ABNB, AEE, AES, AIG, AJG, AMGN, AMZN, CPT, DXCM, ED, EOG, ES, GDDY, HOLX, IR, JNPR, LYV, MHK, MNST, MSI, MTD, SYK.

184 total SPX companies report this week.

First day reaction: Q1

Positive: CARR, PWR, IDXX, MSFT, HWM, KIM, META, CVS, DINO, CAH, HST, GWW, INVH, IRM, CTSH, ALGN, UDR, ICE, MAA, ALB, CHRW, STX, TT, WDC, VMC, PPG, BKNG, MLM, MDLZ, EXR, GEHC, VLTO, YUM, ADP, ESS, FICO, V, HUM, EQR, GNRC, SBAC, CDNS, HON, ZBRA, AMT, LH, AOS, ECL, PFE, CINF, SPGI, XYL, HLT, PYPL, NUE, WELL, INCY, MO, CHTR, VRSN, DLR, ABBV, GOOGL, CL, RSG,  NOW, HAS, ALLE, RMD, URI, FTI, FCX, EW, TXN, LVS, LRCX, DFS, NEM, IPG, DOW, TXT, DOV, NDAQ, CMG, CNP, RJF, MRK, 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 = 132

Neutral: PTC, PH, D, IEX, MET, CCI, APD, KKR, EQIX, K, HSY, BIIB, PSA, APTV, MA, AWK, AVB, SO, ALL, EXC, ANSS, EBAY, DTE, PRU, CAT, REG, PPL, ITW, GLW, KO, MLM, KHC, RCL, WM, SYY, UPS, UHS, GM, FFIV, RVTY, DPZ, LYB, HIG, PSX, ROL, CMS, CBRE, AMP, BMY, LHX, FE, PCG, 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 = 77

Negative: BDX, LLY, QCOM, FMC, TFX, CHD, VTR, BLDR, EG, BR, HUBB, MRNA, TRGP, AFL, GL, FTV, KLAC, SW, MGM, MCD, PNW, EL, BAX, VICI, AME, AMCR, HII, LIN, SMCI, CSGP, EIX, GRMN, FSLR, NCLH, OKE, SBUX, IP, CZR, HES, BXP, PEG, SWK, ACGL, NXPI, REGN, BRO, ARE, TER, PCAR, ETR, ROP, ERIE, TMUS, AON, INTC, CNC, EMN, DOC, HCA, GILD, WY, PFG, SLB, FI, LKQ, TYL, POOL, IBM, WTW, MOH, PEP, PG, CMCSA, WST, TSCO, KDP, ORLY, UNP, XEL, VLO, ENPH, LII, OTIS, BKR, MAS, GD, TDY, AVY, CB, CME, NOC, RTX, HAL, KMB, UNH, SNA, MMC, JBHT, OMC, USB, KMX = 101

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TSLA -1.64, -0.58%, closed lower.

After-hours: AMZN 6.10, -3.21%, AAPL -8.07, -3.78% on positive earnings and negative reactions.

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

SPY up 3.93 at 558.47, 63.0 million shares, below average volume

VIX down 0.10 at 24.60,

QQQ up 6.21 at 481.68

MSFT, AMZN, NVDA, CAT led the DJIA, 15 advancers, -6

CARR, PWR, HWM, ANET led the SPX, 214 advancers,

IDXX, CEG, MSFT, MRVL led the NDX, 47 advancers,

Up: QQQ, SPY, IWM, DIA,

Down:

The SPY MFC green line is pointed up at 76 and is short-term bullish. +2.5

Seven of eleven sectors were higher on Thursday, led by XLK, XLI and XLY. 

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

47 of 100 NDX stocks closed higher on Thursday.

73 NDX stocks are above their 30 DMA: EXC, CPRT, CCEP, COST, CRWD, CTAS, MNST, PLTR, ROST, EA, FAST, MSTR, AEP, MELI, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, FTNT, INTU, ZS, AAPL, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DASH, DDOG, DXCM, GOOGL, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, PANW, SNPS, TEAM, TSLA, TTD, WDAY, CHTR, PYPL, VRTX, CDW, ADBE, AZN, HON, NVDA, ORLY, PAYX, VRSK, XEL, ADP, AMD, CTSH, GFS, MDLZ, ON, AMZN, APP, ASML, CSCO, META, MRVL,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 6

AMZN, APP, ASML, CSCO, META, MRVL,

Moving Below 30 DMA = 3

KDP, LIN, QCOM,

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