©
2026
Our
iBullyBear Mentoring
account once again hit a new all-time Net Liq high
today.
If you are not employing a systematic approach to decision-making in
the face of uncertainty and you want to improve your skills contact us
through the iBullyBear link above.
SPX +61.82, 7,398, opened
and closed higher at a new all-time high, after semiconductor stocks
rallied after a pause pullback day on Thursday and a stronger than expected
Jobs Report before the open. Breadth strengthened as advancers led on both the NYSE
and NASDAQ exchanges.
On March 29,
2026 I became very curious about Iran and what motivated their thinking because
of the language their government was using.
To me it sounded non-conciliatory.
So I did some research and in our iBullyBear mentoring March 30 session
we discussed those findings extensively.
The reason was to better understand the intra-day price fluctuations that
might occur from the Middle East and if those fluctuations exhibited temporary dynamics
or not.
Recently the media
narrative has indicated that some of the positive price movement might be driven
by some investors hoping for an end to the Middle East conflict. I expressed the view this week and as
recently as today that it seemed improbable that an end to the conflict was
insight. I was not surprised to see a
Reuter headline “US, Iran no closer to ending war…”. Here is a link to one of several articles
since Friday:
SPX
advancers: AKAM SNDK
MU INTC MNST DELL CPAY GEN MRNA AMD HUM.
SPX
decliners: MTD MSI EXPE
FIS CSGP APH APP AXON ZTS TECH CDW.
___________________________________________________________________
EPS
season Day 17: AKAM MNST CPAY GEN XYZ BA ABNB closed higher on a
positive EPS reaction. MTD MSI EXPE FIS WYNN MCK MCHP PPL GILD TTD RSG ED NWSA closed
lower after a negative EPS reaction.
Earnings season
begins to wind down next week with only 10 SPX companies report
next week.
___________________________________________________________________
NVDA +3.70, +1.75%, formed a
white candle on 136.4 million shares, a breakout from its April 27 closing
high.
MU +100.18, +15.49%, formed white candle pattern at a new all-time high.
SPY +0.83%, reached
an all-time intra-day high and then formed small red spinning top on below
average volume of 50.9 million shares.
VIX +0.11, 17.19,
NDX +2.35% new
all-time closing high.
DJI, 49,609, +0.02% formed a
white spinning top candle.
Mega caps AVGO, TSLA, AAPL, NVDA, GOOGL, AMZN, BRK/B, WMT rose
and TSM, META, MSFT fell on Friday.
Up: QQQ, SPY, IWM, DIA,
Down:
The SPY
MFC green line is turned
up at 97.2,
price-action is short-term bullish. +0.8
Five
of eleven
sectors (52%) were higher on Friday led by XLK, XLB and XLY.
53
of 100
NDX stocks closed higher on Friday.
56 NDX stocks are above their 30
DMA: ROST, MRVL, ARM, AMD, CSX,
FAST, AMZN, INTC, KLAC, MPWR, STX, WDC, CSCO, ADI, MCHP, TXN, AMAT, AVGO,
GOOGL, LRCX, AAPL, MU, NVDA, NXPI, SBUX, MNST, ABNB, CDNS, QCOM, SNPS, MSFT,
MSTR, TTWO, APP, DDOG, PANW, CRWD, FTNT, KDP, CEG, TSLA, ADBE, KHC, MDLZ, ADP,
TRI, ADSK, MDB, ZS, ASML, FER, CPRT, AXON, COST, PAYX, WDAY, BKR,
NDX Stocks to Watch on Monday
Moving Above 30 DMA = 1
BKR,
Moving Below 30 DMA = 8
DASH,
IDXX, INTU, MELI, ORLY, PDD, PEP, XEL,
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