SPX Closes +25 Higher, 8 points below All-time Closing High on March 28...Technology, Real Estate, Financial Lead Sectors...As CPI Looms, Wednesday 8:30 am ET...

 

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The SPX +25.26, 5,246, opened higher, traded in a range, rose during the last two hours of trading and closed higher, just 8 points below its March 28 all-time closing high of 5,254.  Today’s SPX move which occurred after a higher-than-expected PPI inflation M/M headline 0.5% vs 0.3% and core 0.5% vs 0.2% expected that was offset by a revisions lower of March PPI report.

Powell’s participation on a moderated panel at the Foreign Bankers’ Association in Amsterdam seemed to improve market sentiment on Tuesday.

NVDA +9.57, +1.06%, 913.56, opened lower, trended higher and closed higher.

This week’s earnings include HD, CSCO, WMT, DE, AMAT, TTWO, CPRT

BMO Wednesday 8:30 am ET the CPI report estimates core M/M 0.3% and core Y/Y 3.6% will likely influence Wednesday's price action significantly, depending on if the report is inline, better than expected or worse than expected.

Mega caps TSLA, NVDA, META, GOOGL, MSFT, AAPL, AMZN rose on Tuesday.

SPY up 2.39 at 523.30 on 57.5 million shares, below average volume

VIX down .18 at 13.42

QQQ up 2.85 at 445.93

INTC, JPM, BA, AXP led the DJIA, 17 advancers, +4

PODD, ENPH, SMCI, GL led the SPX, 313 advancers 

IDXX, GFS, TSLA, CRWD led the NDX, 58 advancers

Up:  IWM, QQQ, SPY, DIA,

Down: 

Ten of eleven sectors were higher on Tuesday, led by XLK, XLRE and XLF.

The SPY MFC green line is pointed up at 87.1 and is short-term bullish.

Uptrend sectors:  XLU, XLP, XLI, XLF, XLC, XLB, XLE,

Neutral sectors:  XLY, XLK, XLV, 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

58 of 100 NDX stocks closed higher on Tuesday.

59 NDX stocks are above their 30 DMA:  AZN, GOOGL, KDP, XEL, PEP, AEP, EXC, MDLZ, PANW, PDD, MRNA, CCEP, MCHP, TXN, NXPI, TSLA, BIIB, COST, AMGN, TTD, VRSK, AAPL, ADI, AMZN, MELI, ON, QCOM, REGN, AMAT, BKNG, CEG, CRWD, CTAS, INTU, KLAC, NVDA, FANG, GFS, HON, NFLX, SNPS, VRTX, AVGO, ADP, BKR, IDXX, ISRG, MNST, MSFT, PAYX, CHTR, MU, CMCSA, CSCO, GILD, MDB, TSLA, WBD, WBA,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 3

ADBE, MRVL, TMUS,

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