SPX Closes Flat, 33 Points Below all-time High...Technology, Real Estate Lead Sectors...PPI Report Tuesday Before the Open...

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The SPX -1.26, 5,221, opened higher, traded in a range and closed slightly lower, 33 points below its March 28 all-time high.  Fed comments on Monday again appeared to correlate with intraday price fluctuations. 

NVDA +5.21, +0.58%, 903.99, opened higher, traded in a range and closed higher.

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

BMO Tuesday 8:30 am ET the PPI report estimates core M/M 0.2% and core Y/Y 2.3%.

The CPI report is scheduled for Wednesday 8:30 am ET.

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

SPY up .07 at 520.84 on 36.7 million shares, below average volume and lightest volume day 0f 2024

VIX up 1.05 at 13.60

QQQ up 1.02 at 443.08

INTC, NKE, AAPL, CSCO led the DJIA, 13 advancers, -5

INCY, KMX, EPAM, AAL led the SPX, 217 advancers 

MRNA, WBA, SIRI, PDD led the NDX, 58 advancers

Up:  QQQ, IWM, SPY,

Down:  DIA,

Two of eleven sectors were higher on Monday, led by XLK, XLRE and XLU.

The SPY MFC green line is pointed up at 82.7 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 Monday.

62 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, ADBE, AMAT, BKNG, CEG, CRWD, CTAS, INTU, KLAC, NVDA, FANG, GFS, HON, NFLX, SNPS, VRTX, AVGO, TMUS, ADP, BKR, IDXX, ISRG, MNST, MSFT, PAYX, CHTR, MU, CMCSA, CSCO, GILD, MDB, MRVL, TSLA, WBD, WBA,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 8

CMCSA, CSCO, GILD, MDB, MRVL, TSLA, WBD, WBA,

Moving Below 30 DMA = 1

ASML,

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