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Take time to read these articles and view the videos for a more constructive perspective on coronavirus…
Bill
Ackman aggressive buyer of stocks: Click here
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Nobel laureate predicts a quicker coronavirus recovery: Click hereUnderstand how outbreaks spread:Click here
Thursday Varney Interview of Rigano 2 min video: Click here:
About the 2 drugs that could treat COVID-19: Click here:
The DJIA
made it largest percentage move since March 15, 1933 when it
gained +15.34%.
DJI = 20,704.91, +2,112, +11.37%
SPX = 2,4447.33, +209,
+9.38%
NDX = 7,553.83, +546,
+7.81%
SMH = 115.63, +10.82, +10.32%
VIX = 61.69.
All
eleven
sectors were higher on Tuesday, led by XLE, XLI and XLF
SPY up 20.20 at 243.15 on 235.4
million shares, average volume. Up on lower
volume.
VIX up .08 at 61.67
CVX, AXP, BA led the DJIA, 29 advancers, +25
NCLH, LB, AAL led the SPX, 489 advancers
AAL, UAL, ULTA, INTU led the NDX, 95 advancers
Up: DIA, IWM, SPY, QQQ,
Down:
Breadth strengthened,
on Tuesday as advancers led 2,790 to 243 on the NYSE and
led 2,873 to 464 on the NASDAQ
The SPX
MFC green line moved up to 9.4 and is a down-trend
counter-trend bounce.
Uptrend sectors:
Neutral sectors:
Down trend sectors: XLK,
XLV, XLU, XLRE, XLC, XLP, XLY, XLI, XLB, XLF, XLE,
The 6-month intermediate
trend is down. The ten-day trend is down.
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Sideways
95 of 100 NDX stocks
closed higher on Tuesday.
4 NDX stock is above their 30 DMA: CTXS, GILD, REGN, JD,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 1
JD,
Moving Below 30 DMA = 0
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