SPX Inches Higher...Industrials, Energy, Real Estate Lead Sectors...CPI, FOMC Minutes Wednesday...

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-SPX +4.09 opened lower, closed higher, bullish engulfing candle.

-Jobs Report last Friday Apr 7 236K vs 239K estimate, prior 311K.

-SPX opened lower, stayed above Thursday’s low on light volume

-VIX closed up .57 before CPI and PPI Reports and FOMC Minutes.

-CPI Report Wednesday 8:30 am ET.

-FOMC Minutes Wednesday 2:00 pm ET.

-Earnings Season reports on April 14: JPM, C, WFC, BLK, PNC, UNH 

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

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

SPY up .42 at 409.61, on 63.6 million shares, below average volume, up on similar volume.

VIX up .57 at 18.97

QQQ down .18 at 317.87.

CAT, DOW, AXP, NKE led the DJIA, 19 advancers, +4

CTLT, FRC, CMA, FIS led the SPX, 345 advancers

MU, LCID, AMD, ODFL led the NDX, 62 advancers.

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

Up:  IWM, DIA, SPY,

Down:  QQQ,

Six of eleven sectors were higher on Monday, led by XLI, XLE and XLRE.

The SPY MFC green line is pointed up at 91.6 and is short-term bullish.  SPY opened lower and closed higher and formed a bullish engulfing candle.

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

62 of 100 NDX stocks closed higher on Monday.

75 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, PANW, FTNT, AMD, ATVI, VRSK, AAPL, ILMN, CSCO, INTC, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, AMZN, CPRT, EA, INTU, ISRG, TXN, VRTX, ASML, AZN, BKNG, LULU, REGN, WDAY, AMGN, BIIB, MNST, NFLX, CTAS, KDP, GILD, ADI, AEP, CMCSA, KHC, ORLY, QCOM, TMUS, XEL, EXC, WBA, WBD, ZM, CTSH, DLTR, FANG, MRNA, SBUX, ROST, SIRI, ALGN, CSX, FISV, MU, PYPL, AVGO, CHTR, COST, CSGP, GFS, HON, KLAC, LRCX, RIVN,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 9

AVGO, CHTR, COST, CSGP, GFS, HON, KLAC, LRCX, RIVN,

Moving Below 30 DMA = 1

EBAY,

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