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The SPX +24.47, 5,495, opened higher, traded in a range and closed higher. The SPX on Monday and Tuesday regained
about 91% of Friday’s selloff and closed above the high of Monday’s bullish
harami candle pattern. VIX closed
slightly lower.
The NDX +0.90%, opened higher, pulled back, reversed and closed
higher confirming Monday’s bullish harami candle pattern.
NVDA +1.63, +1.53%, opened
higher, traded in a range and closed higher.
AVGO +7.39, +5.25%, opened
higher, trended up and closed higher.
ORCL +16.00, +11.44%, gapped
up and closed higher after better-than-expected Q1 results Monday after the
close and was the leading SPX advancer Tuesday.
CPI report
Wednesday 8:30 am ET.
Mega caps TSLA, AMZN, MSFT, NVDA
rose, META unchanged, and GOOGL, BRK/B, AAPL fell on Tuesday.
SPY up 2.38 at 548.79, 36.3 million
shares, below average volume
VIX down .37 at 19.08
QQQ up 4.20 at 458.66
AMZN, VZ, MSFT, WMT led the DJIA, 15 advancers, -11
ORCL, AVGO, DLR, TSLA EQIX led the SPX, 262 advancers
AVGO, TSLA, MRVL, MRNA led the NDX, 57 advancers
Up: QQQ, SPY,
Down: IWM, DIA,
Seven of eleven sectors were higher on Tuesday,
led by XLRE, XLK and XLY.
The SPY MFC green line is
pointed down at 68.5 and is defensive. -1.2
Uptrend sectors: XLV, XLP,
XLRE, XLU, XLF, XLI, XLC, XLB, XLK,
Neutral sectors: XLY, XLE,
Down trend sectors:
The 6-month intermediate
trend is up. The ten-day trend is down.
3-month Intermediate Term Market
Trend: Up a little
3-day Short Term Market Trend: Down
57 of 100 NDX stocks
closed higher on Tuesday.
53 NDX stocks are above their 30
DMA: CTAS,
GILD, AEP, CTSH, ADP, PAYX, EXC, XEL, KHC, MDLZ, KDP, PYPL, DASH, MELI, ISRG, FTNT,
GEHC, COST, PANW, TTD, SBUX, ADSK, CCEP, NFLX, ADBE, CSCO, MRVL, ROP, ROST,
WDAY, TTWO, BKNG, CSGP, TEAM, MAR, VRSK, MDB, PEP, MNST, AMZN, FAST, IDXX, LIN,
PCAR, TMUS, TSLA, TXN, AMD, AMGN, ARM, INTU, MSFT, ORLY,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 6
AMD, AMGN, ARM, INTU, MSFT, ORLY,
Moving Below 30 DMA = 1
CMCSA,
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