SPX Higher Open, Pullback, Range, Flat Close...Fed Speak from Bullard, Bostic, Bowman...Industrials, Basic Materials, Energy Lead Sectors...EPS Day 4...

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-SPX +3.55 opened higher, pulled back into a trading range and closed flat.

-SPX grinds after Fed speak from Bullard, Bostic, Bowman

-VIX down .12, a 52-week low. 

GLD, TLT and /CL closed higher, while DXY and TNX moved lower.

Mega caps NVDA, AAPL, rose and MSFT, AMZN, META, GOOGL, TSLA fell.

Day 4 of Q1 Earnings Season continued with five SPX companies reporting BMO:

First day reaction: Q1 through Apr 18…

Positive:   LMT, BK, MTB, SCHW, JPM C, BLK, KMX = 8

Neutral: BAC, PLD, JBHT, PNC, WFC, FAST = 6

Negative:  JNJ, GS, STT, UNH, PGR, DAL = 6

Wednesday: Before – ABT, BKR, CFG, ELV, MS, NDAQ, SYF, TRV, USB, After – CCI, DFS, EFX, FFIV IBM, KMI, LRCX, LVS, STLD, TSLA, ZION

SPY up .27 at 414.21, on 63.5 million shares, below average volume, up on lower volume.

VIX down .12 at 16.83, a 52-week low

QQQ up .02 at 318.86

BA, HD, JPM, AAPL led the DJIA, 15 advancers, -7

TYL, PHM, STT, LEN led the SPX, 250 advancers

MRVL, ABNB, NVDA, MAR led the NDX, 51 advancers.

The two-year trend term is sideways.  The one-year trend down.

Up:  SPY, QQQ,

Down:  DIA, IWM,

Seven of eleven sectors were higher on Tuesday, led by XLI, XLB and XLE.

The SPY MFC green line is pointed up at 94.1 and is short-term bullish.  SPY opened higher, pulled back into a trading range and closed flat above short-term resistance.

Uptrend sectors:   XLK, XLC, XLB, XLP, XLV,

Neutral sectors:  XLU, XLI, XLY, XLE, XLF, XLRE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

51 of 100 NDX stocks closed higher on Tuesday.

76 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, PANW, FTNT, ATVI, VRSK, AAPL, ILMN, INTC, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, AMZN, CPRT, EA, INTU, ISRG, TXN, VRTX, AZN, LULU, REGN, WDAY, AMGN, BIIB, MNST, NFLX, CTAS, KDP, GILD, AEP, CMCSA, KHC, ORLY, TMUS, XEL, EXC, WBA, CTSH, DLTR, FANG, SBUX, SIRI, ALGN, CSX, FISV, MU, COST, CSGP, HON, BKR, CRWD, DXCM, ADI, BKNG, EBAY, IDXX, MAR, PYPL, TEAM, FAST, ODFL, PCAR, ADP, DDOG, ABNB, AVGO, MRVL,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 3

ABNB, AVGO, MRVL,

Moving Below 30 DMA = 0

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