Small Cap RUT Bounces as DJI, SPX, NDX Pause...Consumer Discretionary Leads as Consumer Staples Lag...

 
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Reminder:  Options expiration is Thursday, April 1 this week.  Markets are closed April 2 in observance of Good Friday.
 
 
The DJI -104.51, -0.31%, finished at 33,066.  UNH, AMGN, MSFT and V were the largest point decliners on Tuesday.
 
NDX -69.21, -0.53%, was a channel bounce pause.
SPX -12.54, -0.32%, ended at 3,958, a bull flag price bounce pause and a horizontal resistance BO setup.
 
TSLA +3.98%, opened lower, closed higher, bullish engulfing candle and channel bounce pattern.
 
Three of eleven sectors were higher on Tuesday, led by XLY, XLF and XLI.
 
Consumer Discretionary leaders: CZR, LB, PENN, GPS, GM
Financial leaders: CMA, SIVB, ZION, CFG
Industrials leaders: AAL, GNRC, PWR, ALK
 
SPY down 1.05 at 394.73, on 76.2 million shares, below average volume, down on lower volume.
VIX down 1.13 at 19.61
 
GS, CAT, JPM, DOW led the DJIA, 10 advancers, -9
GCI, ENPH, CZR, DISCA led the SPX, 241 advancers.
BIDU, TSLA, TCOM, PDD led the NDX, 32 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM,
Down: DIA, SPY, QQQ,
 
Advancers strengthened on Tuesday as advancers led 2,068 to 1,237 on the NYSE and led 2,466 to 1,722 on the NASDAQ.
 
The SPY MFC green line turned up and rose 3.9 to 79.5 and is bullish.  Price action is a bull flag bounce pause.
 
 
Uptrend sectors:  XLP, XLI, XLB, XLRE, XLV, XLC, XLF, XLE, XLY,
Neutral sectors:  XLK, XLU,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is sideways.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
32 of 100 NDX stocks closed higher on Tuesday.
 
49 NDX stocks are above their 30 DMA:   KHC, FISV, ADP, ORLY, CSCO, PAYX, AEP, XEL, AMAT, EXC, FB, MDLZ, CHTR, CTSH, WBA, SIRI, TXN, FAST, AMGN, DLTR, PEP, CSX, MNST, COST, ASML, CERN, BIIB, CDW, NXPI, SBUX, ADBE, ALXN, BKNG, EBAY, GILD, INCY, INTC, KLAC, LRCX, LULU, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, MAR, MRVL,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 2
MAR, MRVL,
 
Moving Below 30 DMA = 9
ADI, ANSS, AVGO, CDNS, CHKP, CMCSA, CTAS, MSFT, VRTX,
 
 
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