RUT, NDX, SPX, DJI Closed Higher and VIX Fell Below 18 Again...Energy, Technology, Industrials Led Sectors...LRCX, TSLA Ended with Positive Earning Reactions...

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SPX +39.04, 6,738, rallied to close above 6,700 again.  Breadth strengthened on Thursday as advancers led decliners on both exchanges.  Government shutdown continued for the twenty third day.

Tech stocks rallied and reversed Wednesday’s pull back after NFLX’s negative earnings reaction yesterday.  The four-week SPY trend is sideways, and the three- and six-month trends are up.  Dave

Earnings:

Both LRCX +4.45%, and TSLA +2.28%, opened lower, reversed and closed higher after earnings Wednesday AMC.  IBM -0.87%, opened lower, reversed and closed slightly lower.  URI -8.79%, opened lower and closed lower on a negative earnings reaction.

After hours: F +3.48%, INTC +7.31%, on positive earnings reaction and DECK -12.72%, on a negative earnings reaction.

GD HCA ITW PG report EPS before the open on Friday. 

NDX +0.88%, rallied and finished just below Monday’s all-time closing high. 

DJI, 46,590, +0.31%, rallied to its second highest close, led by HON, CAT and GS.

NVDA +1.88, +1.04%, formed a white engulfing candle at 8-day support.

AVGO +3.99, +1.17%, formed bullish harami after four-day pullback. 

ORCL +7.41, +2.72%, bullish engulfing at short-term support.

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

SPY up +3.96 at 671.76, 65.4 million shares, below average volume.

VIX down -1.30 at 17.30,

QQQ up +5.09 at 610.58

HON, MMM, AMZN, CAT led DJIA, 16 advancers, +7

DOW, LVS, WST, FTI led SPX, 282 advancers,

HON, ISRG, CEG, LRCX led NDX, 64 advancers.

Up: IWM, QQQ, SPY, DIA,

Down:

The SPY MFC green line is pointed up at 82.4 and is short-term bullish. +6.6

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

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

Neutral sectors: XLB, XLRE,

Down trend sectors: XLP,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

64 of 100 NDX stocks closed higher on Thursday.

68 NDX stocks are above their 30 DMA: MNST, MU, INTC, PANW, TSLA, ASML, LRCX, DDOG, WBD, ZS, CRWD, AMAT, FTNT, MRVL, CSX, XEL, EA, EXC, AEP, VRTX, AMD, AMGN, ARM, AZN, TTD, GILD, PEP, AAPL, GFS, GOOGL, KLAC, ON, ROST, ABNB, CSCO, KDP, CCEP, SBUX, ISRG, MSFT, BIIB, GEHC, LULU, MDB, QCOM, TRI, WDAY, ADBE, CTSH, DXCM, INTU, MAR, PCAR, TEAM, COST, ADI, AVGO, BKR, CDW, CEG, FANG, HON, IDXX, MRVL, NVDA, PDD, PLTR, PYPL,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 13

ADI, AVGO, BKR, CDW, CEG, FANG, HON, IDXX, MRVL, NVDA, PDD, PLTR, PYPL,

Moving Below 30 DMA = 4

ODFL, REGN, ROP, TTWO,

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