Gap Up Fills with Slightly Lower Close on SPX, DJI, NDX...

© 2020

COVOD-19 a reality-based article worth reading on the challenge before us:   Click here:

Take time to read these articles for a more constructive perspective on coronavirus…

Fed’s Bullard: Face the Nation: April 5 - I would push back against the idea of the economy being in a freefall:    Click here
Fed’s Bullard: Not a recession, an investment in survival:  Click here

Understand how outbreaks spread:Click here

About the 2 drugs that could treat COVID-19:   Click here:

The SPX gapped up 74 points at the open creating a horizontal resistance breakout.  Sellers took control shortly after the open and the SPX -4.29 closed slightly lower testing the HBO.

VIX closed higher for the day.  

Six of eleven sectors were higher on Tuesday, led by XLB, XLE and XLY

SPY up .27 at 265.13 on 201.4 million shares, average volume.  Up on higher volume.

VIX up 1.46 at 46.70

DOW, GS, AXP led the DJIA, 15 advancers, -15

KSS, CPRI, PVH, ADS led the SPX, 300 advancers

AAL, EXPE, CPRT, TSLA led the NDX, 44 advancers

Two-year trend term continues above 2018 support.  3-day short term trend is up.

Up: IWM, SPY, DIA,

Down: QQQ,

Breadth weakened on Tuesday as advancers led 2,174 to 816 on the NYSE and led 1,833 to 1,430 on the NASDAQ

The SPX MFC green line is pointed up at 31.7 and is a short-term bullish. 

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 up.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

44 of 100 NDX stocks closed higher on Tuesday.

52 NDX stocks are above their 30 DMA:  CTXS, SGEN, AMZN, CDNS, NFLX, REGN, TTWO, VRTX, ALXN, NTES, INCY, AMGN, ATVI, CHKP, CSCO, EA, GILD, ILMN, INTC, KHC, VRSN, XLNX, AMD, ANSS, AVGO, CHTR, COST, CSX, IDXX, ISRG, JD, KLAC, LULU, MDLZ, MSFT, MU, MXIM, NVDA, ORLY, PCAR, PEP, SNPS, SWKS, TMUS, TXN, VRSK, ADI, FB, LRCX, QCOM, SBUX, WLTW,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 6

ADI, FB, LRCX, QCOM, SBUX, WLTW,

Moving Below 30 DMA = 2

BIIB, PYPL,

Add Comments here: