SPX, NDX Reverse Monday Selloff Close Higher...Financial, Consumer Discretionary, Utilities Led All Sectors Higher...After-hours: TSLA Positive EPS Reaction...

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SPX +129.56, 5,287, opened higher, trended up, closed higher and reversed Monday’s selloff as reports suggest tariff fears were subsiding.    

Breadth strengthened significantly as all 30 Dow, 100 NDX and 492 SP500 components advanced on Tuesday.  Net advancing capital today was greater than net declining capital on Monday in both the NDX and SPX. 

The DJI, 39,186 +2.66%, rose over 1,000 points.  NDX +2.63% closed higher.

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EPS Q1 on Wednesday BMO: APH, AVY, BA, BSX, CME, GD, GEV, LII, MAS, NEE NSC, ODFL, ODFL, OTIS, PM, T, TDY, TEL, TMO, WAB report.  AMC: CMG, DFS, EW, FE, IBM, LRCX, LVS, MOH, NEM, NOW, ORLY, RJF, RMD, ROL, TXN, TYL, URI report.

120 total SPX companies report this week.

First day reaction: Q1

Positive: EFX, PNR, PHM, IVZ, MMM, DGX, GE, WRB, MCO, DHR, NTRS, SYF, GPC, ELV, NFLX, DHI, HBAN STT, KEY, CSX, ABT, PLD, CF, TRV, BAC, C, GS, FAST, JPM, BLK, MS, BK, DAL = 33

Neutral: MSCI, LMT, VZ, NVR, BX, RF, SCHW, KMI, TFC, AXP, FITB, UAL, PGR, PNC, JNJ, MTB, WFC, STZ = 18

Negative: NOC, RTX, HAL, KMB, UNH, SNA, MMC, JBHT, OMC, USB, KMX = 11

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TSLA +13.87, +5.75%, opened higher, closed higher. Earnings on Tuesday April 22, AMC.  After-hours +12.83, +5.39%.

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

SPY up 13.37 at 527.25, 74.7 million shares, below average volume

VIX down 3.25 at 30.57,

QQQ up 11.37 at 444.48

MMM, TRV, AXP, GS led the DJIA, 30 advancers, +29

EFX, FSLR, PNR, PHM led the SPX, 492 advancers,

MSTR, NFLX, MU, TSLA led the NDX, 100 advancers,

Up: QQQ, IWM, SPY, DIA,

Down:

The SPY MFC green line is essentially flat at 44.7 and is short-term bearish. -0.3

All eleven sectors were higher on Tuesday, led by XLF, XLY and XLU. 

Uptrend sectors: 

Neutral sectors: XLP, XLU, XLC, XLF,

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

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

3-month Intermediate Term Market Trend:  Down

3-day Short Term Market Trend:  Sideways 

100 of 100 NDX stocks closed higher on Tuesday.

29 NDX stocks are above their 30 DMA: EXC, CPRT, CCEP, COST, CRWD, CTAS, KDP, MDLZ, MNST, PLTR, ROST, EA, FAST, MSTR, AEP, MELI, NFLX, KHC, ADSK, AXON, BKNG, CDNS, CSGP, IDXX, LIN, ORLY, TTWO, VRSK, XEL,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 11

ADSK, AXON, BKNG, CDNS, CSGP, IDXX, LIN, ORLY, TTWO, VRSK, XEL,

Moving Below 30 DMA = 0

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