NDX Higher, SPX Slightly Lower...Technology, Financial, Communication Services Lead Sectors...BAC, C Up on EPS...Afterhours: UAL Positive EPS Reaction...

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SPX -9.34, 5,396, opened flat, traded in a narrow range and closed lower.  Institutional buyers established a higher low for the day, continuing the short-term up trend.  Tuesday was a pause day. 

Breadth weakened as volume declined and exchange decliners increased.  Net change advancing capital in both the NDX and SPX remained higher than net change declining capital. 

The DJI, 40,368 -0.38%, opened higher, traded in a range and closed slightly lower.  NDX +0.18% closed higher.

VIX closed lower at 30.12 but remained high volatility. Just like today, look for more fluctuation and stay focused on the trend.

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EPS Q1 on Tuesday four SPX stocks reported: BAC, C, PNC, JNJ

31 total SPX companies report this week including today AMC UAL, OMC, JBHT and ABT, CF, PGR, PLD, TRV, USB Wednesday BMO.

First day reaction: Q1

Positive: BAC, C, GS, FAST, JPM, BLK, MS, BK, DAL = 9

Neutral: PNC, JNJ, MTB, WFC, STZ = 5

Negative: KMX = 1

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TSLA +1.76, +0.70%, narrow trading range and formed a white spinning top candle pattern. Earnings on Tuesday April 22, AMC.

After hours: UAL +3.68, +5.50%, on EPS beat.

Mega caps NVDA, TSLA, AVGO rose AAPL, BRK/B, MSFT, AMZN, GOOGL, META fell on Tuesday. 

SPY down 1.51 at 537.61 56.1 million shares, below average volume

VIX down .77 at 30.12

QQQ up 0.51 at 457.99

NVDA, AXP, GS, IBM led the DJIA, 9 advancers, -12

PLTR, HPE, NFLX, CRWD, BAC led the SPX, 192 advancers,

PLTR, NFLX, MELI, APP led the NDX, 55 advancers

Up: IWM, QQQ,

Down: SPY, DIA,

The SPY MFC green line pointed up to 48.4 and is short-term bullish. +8.3

Four of eleven sectors were higher on Tuesday, led by XLK, XLF and XLC. 

Uptrend sectors: 

Neutral sectors: XLP, XLC, XLF, XLU, XLY,

Down trend sectors: XLV, XLRE, XLE, XLI, XLK, XLB,

The 6-month intermediate trend is down.  The ten-day trend is down.

3-month Intermediate Term Market Trend:  Down

3-day Short Term Market Trend:  Up  

55 of 100 NDX stocks closed higher on Tuesday.

34 NDX stocks are above their 30 DMA: EXC, CPRT, AXON, CCEP, CDNS, COST, CRWD, CTAS, KDP, MDLZ, MNST, PLTR, ROST, ORLY, ADP, EA, FAST, MSFT, MSTR, TTWO, VRSK, XEL, ADSK, AEP, CSGP, MELI, NFLX, TMUS, VRTX, ZS, BKNG, FTNT, NVDA, TSLA,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 4

BKNG, FTNT, NVDA, TSLA,

Moving Below 30 DMA = 1

PAYX,  

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