SPX Opens Lower, Closes Higher...Energy, Health Care, Basic Materials Lead Sectors...Oil Jumps after OPEC+ Announces Cut...

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-SPX +15.20, opened lower and closed higher for a fourth day.

-VIX closed .15 lower.

-ISM Mfg. Index 46.3 vs. 0.47.5 expected. Bad news led to a good reaction.

-OPEC+ to cut 1 million+ bpd oil production, /CL +4.73 at 80.45.

-AAPL, META, NVDA, CDNS close at new highs.

-Markets closed Good Friday April 7.

-Earnings Season reports on April 14: JPM, C, WFC, BLK, PNC, UNH 

/CL, GLD and TLT closed higher, while DXY and TNX moved lower.

Mega caps AAPL, NVDA, GOOGL, META rose and MSFT, AMZN, TSLA fell.

SPY up 1.56 at 410.95, on 67.2 million shares, below average volume, up on lower volume.

VIX down .15 at 18.55

QQQ down .78 at 320.15.

UNH, CVX, WBA, MRK led the DJIA, 22 advancers, -7

MRO, COP, APA, HES led the SPX, 234 advancers

FANG, MRNA, BKR, DLTR led the NDX, 38 advancers.

The two-year trend term is sideways.  The one-year trend down a little.

Up:  DIA, SPY, IWM,

Down:  QQQ,

Seven of eleven sectors were higher on Monday, led by XLE, XLV and XLB.

The SPY MFC green line is pointed up at 72.0 and is short-term bullish.  SPY opened lower and closed higher on a breakout continuation.

Uptrend sectors:   XLK, XLC, XLB, XLP, XLI,

Neutral sectors:  XLY, XLE, XLF, XLV, XLRE, XLU,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

38 of 100 NDX stocks closed higher on Monday.

89 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, PANW, FTNT, CRWD, AVGO, AMD, ATVI, OKTA, VRSK, AAPL, ILMN, CSCO, INTC, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, AMZN, CPRT, EA, INTU, ISRG, TXN, VRTX, ASML, AZN, BKNG, MU, LULU, REGN, WDAY, AMGN, BIIB, IDXX, MNST, NFLX, CTAS, FAST, KDP, GILD, ADI, AEP, AMAT, CMCSA, COST, GFS, KHC, KLAC, LRCX, MRVL, ORLY, PAYX, QCOM, TMUS, TSLA, XEL, ABNB, DXCM, EXC, MCHP, NXPI, PYPL, WBA, WBD, ZM, ADSK, ALGN, CHTR, CSX, CTSH, DLTR, EBAY, FANG, MRNA, PCAR, RIVN, SBUX, TEAM, BKR, HON, ROST,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

BKR, HON, ROST,

Moving Below 30 DMA = 5

ADP, DDOG, JD, MAR, ODFL,

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