Wednesday, April 8, 2026

RUT, NDX, DJI and SPX Closed Higher on Significantly Wednesday after a Temporary Mid-East Ceasefire was Announced...Breadth Strengthened...


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SPX +165.96 6,810 futures surged Tuesday night and stocks Wednesday following news that a temporary two-week ceasefire was agreed upon.  Many are suggesting the temporary ceasefire is fragile.

Breadth strengthened as advancers led on both the NYSE and Nasdaq exchanges.  SPY volume increased by about 23 million shares to average volume on Wednesday.  The NDX 100 had 19 additional stocks close above their 30 DMA in one day for the first time since August 22, 2025.

NVDA +3.98, +2.23%, traded in range on 147.3 million shares. 
MU +29.15, +7.72%, closed slightly lower.

SPX advancers: TER INTC CCL GLW COHR CIEN LRCX SNDK LITE AMAT Q WDC.
SPX decliners: APA LYB WDAY PLTR CF MPC DOW INTU OXY COP VLO XOM.

SPY average volume of 93.9 million shares.
VIX -4.74, 21.04
NDX +2.90%, recovered from a morning low and closed higher for a fifth day.
DJI, 47,909, +2.85%, paused.


Mega caps META, TSM, AVGO, WMT, GOOGL, AMZN, NVDA, AAPL, MSFT, BRK/B rose and TSLA fell on Wednesday.


Up: IWM, QQQ, DIA, SPY,
Down:

The SPY MFC green line is up at 49.3, price-action is short-term bullish. +8.0. 

Ten of eleven sectors (94.75%) were higher on Wednesday led by XLE, XLK and XLU


78 of 100 NDX stocks closed higher on Wednesday.

60 NDX stocks are above their 30 DMA: FANG, ROST, NLFX, MRVL, ARM, EA, AMD, BKR, AMD, AEP, COST, EXC, INSM, LIN, ROP, AMD, AZN, CSX, FAST, ODFL, PANW, AMZN, INTC, KLAC, MAR, MPWR, STX, WDC, CSCO, FTNT, ADI, BKNG, MCHP, TXN, AMAT, AVGO, BKR, CHTR, CRWD, GOOGL, LRCX, MELI, AAPL, ABNB, ALNY, ASML, CDNS, FAST, FER, GEHC, MDLZ, MU, NVDA, NXPI, ORLY, PCAR, PDD, PYPL, REGN, SBUX, XEL,

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 19
AAPL, ABNB, ALNY, ASML, CDNS, FAST, FER, GEHC, MDLZ, MU, NVDA, NXPI, ORLY, PCAR, PDD, PYPL, REGN, SBUX, XEL,


Moving Below 30 DMA = 2
KHC, PLTR,



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