SPX, NDX, DJI, RUT Closed Lower after NFLX EPS and Sales Miss...Energy, Health Care, Consumer Staples Led Sectors....After hours: TSLA IBM, LRCX, URI Lower on Negative EPS Reactions...I

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SPX -35.95, 6,699, opened flat, pulled back, rallied from intraday low, closed lower.  Breadth weakened on Wednesday as decliners led advancers on both exchanges.  Government shutdown continued for the twenty second day. 

After hours: Negative earnings reactions from IBM, LRCX, TSLA and URI.

ALLE BX CBRE CNP DOV DOW FCX FTI HAS HON PCG POOL ROP TMUS TSCO TXT UNP VLO WST report EPS before the open on Thursday.  BKR DECK DLR DOC F INTC MHK NEM NSC VRSN report after market close.

Tech stocks pull back after a negative earnings reaction from NFLX’s earnings and sales miss.  The four-week SPY trend is sideways, and the three- and six-month trends are up.  Dave

NDX -0.99%, pullback moves below the low of the high day, a second bull flag in an ascending triangle. 

DJI, 46,590, -0.71%, pullback at horizontal resistance after a three-day rally, led by GS, CAT and CRM.

NFLX -124.98, -10.07%, gap down to 3-month low, on a negative earning’s reaction after an EPS and Sales miss.

NVDA -.88, -0.49%, formed hammer in seven-day trading range.

AVGO -2.36, -0.69%, bounce down red candle. 

ORCL -2.49, -0.90%, spinning top just below support.

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

SPY down -3.49 at 667.80, 80.4 million shares, average volume.

VIX up +0.73 at 18.60,

QQQ down -5.89 at 605.49

IBM, CVX, NKE, WMT led DJIA, 9 advancers, -9

ISRG, AVY, HAL SLB led SPX, 198 advancers,

ISRG, APP, DXCM, MAR led NDX, 29 advancers.

Up:

Down: SPY, DIA, QQQ, IWM,

The SPY MFC green line is flat at 75.8 and is short-term bullish. +0.0

Four of eleven sectors were higher on Wednesday led by XLE, XLV and XLP. 

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 down.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

29 of 100 NDX stocks closed higher on Wednesday.

59 NDX stocks are above their 30 DMA: MNST, MU, INTC, PANW, TSLA, TTWO, 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, REGN, BIIB, GEHC, LULU, MDB, QCOM, TRI, WDAY, ADBE, CTSH, DXCM, INTU, MAR, ODFL, PCAR, ROP, TEAM, COST,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 1

COST,

Moving Below 30 DMA = 13

ADI, CEG, CPRT, HON, IDXX, MCHP, MRVL, NFLX, NXPI, PDD, PLTR, PYPL, TXN,

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