SPX, NDX Opened at New High, Formed Bearish Engulfing Candle, Closed Lower...META, MSFT Gap Higher on Strong EPS...After-hours: AAPL Higher, AMZN Lower...

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SPX -23.51, 6,339, gapped higher after better-than-expected EPS form META and MSFT, lower than forecast Y/Y PCE 2.3% vs 2.5% expected, traded in a range for about an hour before selling pressure pushed price to a lower close.

Jobs Report Friday morning 8:30 am ET.

NDX -0.55%, opened flat, traded in a range and closed slightly higher. 

DJI, 44,130 -0.74%, closed lower led by weakness in UNH, GS, IBM, CRM.   

Breadth weakened on Thursday.

TSLA -10.77, -3.38%, close below LOHD in channel.

AVGO -8.92, -2.95%, bearish engulfing, close below Wednesday’s low.

META +78.23, +11.25%, gap up, spinning top, on a positive EPS reaction.

MSFT +20.26, +3.95%, gap up, partial fill the gap black candle, on a positive EPS reaction.

After-hours:

AAPL +5.02, +2.42%, beat EPS, sales, iPhone sales exceed estimates, active installed base hits new high.

AMZN -15.51, -6.63%, beat EPS, sales, weak guidance, negative EPS reaction

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EPS Friday: 14 SPX companies report: BEN CBOE CHD CL CVX D GWW KMB LIN LYB MRNA REGN TROW XOM BMO and 17 company BRK/B Saturday.

Q2 First day reaction:

Positive: EBAY, CHRW, META, XYL, WDC, RBLX, NCLH, HII, RDDT, PTC, ALL, TYL, FFIV, WTW, AME, SPGI, MSFT, MAS, APTV, HOLX, CMS, CMCSA, FE, F, PRU EXC, XEL, MA, DINO, BIIB, VTR, GNRC, TER, HUM, EA, BG, EXE, AEP, MO, HSY, ETR, GLW, INCY, CDNS, CBRE, UHS, WELL, CINF, WM, HIG, VLTO, DECK, NEM, VRSN, CNC, EW, AON, MHK, WY, WST, FTI, URI, LH, ALLE, NDAQ, TMUS, GL, ROL, LVS, NOW, CCI, RJF, AOS, BX, POOL, ORLY, CNP, LHX, GOOGL, LW, GEV, TEL, BKR, TMO, CSGP, LII, GD, BSX, MCO, T, IQV, DHI, PHM, NOC, GPC DGX, IPG, PCAR, IVZ, ARE, KEY, SYF, AVY, WRB, VZ, ROP, RF, SCHW, SNA, PEP, TRV, TSM, CTAS, CFG, JNJ, OMC, PGR, JBHT, PLD, C, FAST, = 118+3

Neutral: EG, BLDR, VMC, AWK, VICI, K, PCG, ABBV, CVS, SO, ICE, APD, PPL, REG, ADP, BKNG, HES, V, SBUX, KHC, WEC, ACGL, PGF, DTE, PG, PSX, CSX, KDP, PKG, TSCO, COF, CME, NVR, HAS, HAL, DHR, PNR, NXPI, SHW, KO, DPZ, MMC, PNC, GS, BAC, BK, JPM = 47

Negative: ALGN, BAX, IP, CI, EXR, DXCM, QCOM, HWM, FICO, BMY, PSA, AVB, LRCX, MAA, MGM, KIM, KKR, HST, CTSH, INVH, ALB, EQIX, UDR, PWR, IEX, ODFL, TT, GEHC, ESS, GRMN, MDLZ, VRSK, RSG, BXP, PPG, STX, FTV, ITW, CZR, SW, CARR, UPS, BRO, PYPL, UNH, JCI, SWK, RCL, BA, AMT, ECL, NSC, NUE, HUBB, SYY, MRK, RVTY, CHTR, INTC, DOC, HCA, DLR, LKQ, DOW, MOH, CMG, TSLA, IBM, TXT, WAB, HON, VLO, UNP, AMP, DOV, ENPH, FI, TXN, OTIS, NEE, EQT, CB, HLT, FCX, NTRS, ISRG, TDY, APH, LMT, MSCI, PM, EFX, GM, STLD, RTX, NFLX, SLB, MMM, AXP, TFC, HBAN, ELV, ABT, GE, USB, FITB, MTB, MS, WFC, BLK, STT = 111

Bold is > +5% or -5%

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

SPY down 2.38 at 632.08, bearish engulfing candle pattern, lowest close in 7 days, 103.3 million shares, above average volume

VIX up 1.24 at 16.72

QQQ down 3.01 at 565.01

MSFT, MMM, AMZN, CAT led DJIA, 8 advancers, -0

EBAY, CHRW, META, XYL led SPX, 140 advancers, decreased

META, APP, MSFT, CMCSA led NDX, 20 advancers,

Up:

Down: SPY, QQQ, DIA, IWM,

The SPY MFC green line is in range at 92.8 and is counter-trend defensive. -2.4

Three of eleven sectors were higher on Thursday led by XLC, XLU and XLI.

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

Neutral sectors: XLP, XLE, XLV,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

20 of 100 NDX stocks closed higher on Thursday.

40 NDX stocks are above their 30 DMA: AVGO, MSFT, NVDA, AMD, AMZN, CSX, WBD, DASH, CSGP, GOOGL, AEP, SNPS, CDNS, FAST, PEP, CCEP, AMGN, TTD, REGN, ORLY, PLTR, KHC, XEL, MDB, PDD, BKR, CEG, ROST, TMUS, GILD, INTU, PCAR, ADSK, APP, AZN, CTAS, FANG, MRVL, ADP, META,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 1

META,  

Moving Below 30 DMA = 18

AAPL, AMAT, ARM, CDW, CSCO, DDOG, DXCM, EA, IDXX, KDP, KLAC, LRCX, ON, PAYX, QCOM, TSLA, VRTX, WDAY,

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