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-SPX -0.17 opened higher, closed slightly
lower, spinning top, on light volume.
-VIX up .13.
-CPI Report
M/M = 0.3% est. Y/Y = 5.2% est. Wed BMO 8:30 am ET.
-FOMC
Minutes Wednesday 2:00 pm ET.
-Earnings
Season reports on April 14: JPM, C, WFC, BLK, PNC, UNH
/CL, GLD, TLT and TNX closed higher, while DXY moved lower.
Mega caps TSLA rose and META, AAPL, GOOGL, NVDA, AMZN, MSFT fell.
SPY up .11 at 409.72, on 59.2 million shares, below average volume, up on similar volume.
VIX up .13 at 19.10
QQQ down 2.04 at 315.83.
CAT, MMM, NKE, UNH led the DJIA, 18 advancers, -1
KMX, MHK, MOS, WHR led the SPX, 371 advancers
LCID, MELI, ALGN, TEAM led the NDX, 52 advancers.
The two-year trend term is sideways. The
one-year trend down a little.
Up: IWM, DIA, SPY,
Down: QQQ,
Nine of eleven sectors were higher on Tuesday, led by XLE,
XLF and XLB.
The SPY
MFC green line turned down at 90.5 and is countertrend
defensive. SPY opened and closed
higher and formed a spinning top 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
52 of 100 NDX stocks
closed higher on Tuesday.
78
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, CTSH, DLTR, FANG, MRNA, SBUX, SIRI, ALGN, CSX, FISV, MU, CHTR, COST, CSGP,
GFS, HON, LRCX, RIVN, BKR, CRWD, DXCM, EBAY, FAST, LCID, ODFL, TEAM,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 8
BKR, CRWD, DXCM, EBAY, FAST, LCID, ODFL,
TEAM,
Moving Below 30 DMA = 5
AVGO, KLAC, PYPL, ROST, ZM,
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