Wednesday, April 8, 2026

RUT, NDX, DJI and SPX Closed Higher on Significantly Wednesday after a Temporary Mid-East Ceasefire was Announced...Breadth Strengthened...


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SPX +165.96 6,810 futures surged Tuesday night and stocks Wednesday following news that a temporary two-week ceasefire was agreed upon.  Many are suggesting the temporary ceasefire is fragile.

Breadth strengthened as advancers led on both the NYSE and Nasdaq exchanges.  SPY volume increased by about 23 million shares to average volume on Wednesday.  The NDX 100 had 19 additional stocks close above their 30 DMA in one day for the first time since August 22, 2025.

NVDA +3.98, +2.23%, traded in range on 147.3 million shares. 
MU +29.15, +7.72%, closed slightly lower.

SPX advancers: TER INTC CCL GLW COHR CIEN LRCX SNDK LITE AMAT Q WDC.
SPX decliners: APA LYB WDAY PLTR CF MPC DOW INTU OXY COP VLO XOM.

SPY average volume of 93.9 million shares.
VIX -4.74, 21.04
NDX +2.90%, recovered from a morning low and closed higher for a fifth day.
DJI, 47,909, +2.85%, paused.


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


Up: IWM, QQQ, DIA, SPY,
Down:

The SPY MFC green line is up at 49.3, price-action is short-term bullish. +8.0. 

Ten of eleven sectors (94.75%) were higher on Wednesday led by XLE, XLK and XLU


78 of 100 NDX stocks closed higher on Wednesday.

60 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, MCHP, TXN, AMAT, AVGO, BKR, CHTR, CRWD, GOOGL, LRCX, MELI, AAPL, ABNB, ALNY, ASML, CDNS, FAST, FER, GEHC, MDLZ, MU, NVDA, NXPI, ORLY, PCAR, PDD, PYPL, REGN, SBUX, XEL,

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 19
AAPL, ABNB, ALNY, ASML, CDNS, FAST, FER, GEHC, MDLZ, MU, NVDA, NXPI, ORLY, PCAR, PDD, PYPL, REGN, SBUX, XEL,


Moving Below 30 DMA = 2
KHC, PLTR,



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Tuesday, April 7, 2026

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


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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, AMAT, AVGO, BKR, CHTR, CRWD, GOOGL, LRCX, MELI, PLTR,

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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Monday, April 6, 2026

NDX, SPX, RUT, DJI Closed Higher...Breadth Strengthened...SPX Below Average Volume...


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SPX +29.14 6,611 bounced for a fourth day.   Breadth strengthened as advancers led on both the NYSE and Nasdaq exchanges.  SPX opened higher and closed higher, trade a below average 2.3 billion shares.  An update on the rescued pilot and weapons systems officer was released on Monday.  The Middle East situation continues to lack clarity.

NVDA +0.25, +0.14%, traded in range on 107.5 million shares. 
MU +11.52, +3.15%, opened higher and closed higher.

SPX advancers: APP VRSN STX SBUX DG SBAC ZBRA MKC EBAY BLDR CLX.
SPX decliners: LITE IVZ SMCI TKO CRL DDOG MCK CIEN HPQ AKAM ALB BIIB.

SPY traded below average volume of 39.0 million shares.
VIX +0.30, 24.17
NDX +0.61%, continued to bounce for a fourth day.
DJI, 46,669, +0.36%, bounced.


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


Up: QQQ, SPY, IWM, DIA,
Down:

The SPY MFC green line is up at 32.9, price-action is short-term bullish. +8.9. 

Eight of eleven sectors (80.5%) were higher on Monday led by XLP, XLY and XLE


63 of 100 NDX stocks closed higher on Monday.

42 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, CTSH, FTNT, PYPL, AAPL, ADI, ALNY, BKNG, KHC, MCHP, MDLZ, ORLY, REGN, TXN,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 10
AAPL, ADI, ALNY, BKNG, KHC, MCHP, MDLZ, ORLY, REGN, TXN,


Moving Below 30 DMA = 2
DDOG, PLTR,



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