Tuesday, April 7, 2026

RUT, SPX, NDX Closed...Breadth Weakened...Some Express Hope for a Last-minute Ceasefire...


© 2026


SPX +5.02 6,616 bounced for a fifth day closing above its 41/2-month support.   Breadth weakened as decliners led on both the NYSE and Nasdaq exchanges.  SPX volume increased on Tuesday but was still below average.  One narrative Tuesday afternoon was that SPX rallied in the last hour of trading on hopes for a last-minute cease-fire in the Middle East.

NVDA +0.46, +0.26%, traded in range on 126 million shares. 

MU -0.18, -0.05%, closed slightly lower.

SPX advancers: PSKY UNH HUM CVS AVGO CRWD ANET LITE PANW INTC.
SPX decliners: AXON TTD CPB IT DLTR CSGP KMB PHM TSCO BLDR GPN.

SPY traded below average volume of 63.9 million shares.
VIX +1.61, 25.78
NDX +0.04%, recovered from a morning low and closed higher for a fifth day.
DJI, 46,584, -0.18%, paused.


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


Up: IWM, SPY, QQQ,  
Down: DIA,

The SPY MFC green line is up at 41.3, price-action is short-term bullish. +8.4. 

Five of eleven sectors (59.1%) were higher on Tuesday led by XLE, XLK and XLU


42 of 100 NDX stocks closed higher on Tuesday.

43 NDX stocks are above their 30 DMA: FANG, ROST, NLFX, MRVL, ARM, EA, AMD, BKR, AMD, AEP, COST, EXC, INSM, LIN, ROP, AMD, AZN, CSX, FAST, ODFL, PANW, AMZN, INTC, KLAC, MAR, MPWR, STX, WDC, CSCO, FTNT, ADI, BKNG, KHC, MCHP, TXN,

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 9
AMAT, AVGO, BKR, CHTR, CRWD, GOOGL, LRCX, MELI, PLTR,


Moving Below 30 DMA = 8
AAPL, ALNY, CTSH, FAST, MDLZ, ORLY, PYPL, REGN,



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