SPX, DJI, NDX, RUT Closed Slightly Lower...Breadth Weakens on Range Day...

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SPX -4.53, 7,753, a bull flag bounce pauses.  Closed above 7,700 for a fifth day.

The SPX breakout last Tuesday joins DJI and RUT breakouts above June highs. 

Breadth turned negative as decliners led on both the NYSE and the NASDAQ exchanges.

EPS reactions on Monday:

BRK/B +7.62, +1.46%, EPS $6.02 beats $5.13 estimate, sales $101.808B up from $92.515B YoY

SPX advancers: DDOG APA MPC FTI AKAM CF PANW FANG PSX VRTX VLO.

SPX decliners: COHR LITE CIEN VRSK GLW MRVL LUV UAL FSLR CCL MO.

SPCX closed at 138.74, +4.23% above average volume of 169.9 million shares as lock-up expired April 6 on 911.5 million shares. Newly traded private shares were absorbed by the buyers, which is positive.  Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12. 

SPY -0.03%, bull flag bounce pause day, below average volume of 39.2 million shares.

VIX +0.56, 15.46. 

NDX -0.34% bull flag bounce pause.

DJI, 53,975 -0.11%, bull flag setup.

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

Up:

Down: SPY, DIA, QQQ, IWM,

The SPY MFC green line turned slightly down at 90, price-action on Monday, closed above horizontal resistance for a fifth day and is short-term bullish. -1.0

Five of eleven sectors were higher on Monday. 

47 of 100 NDX stocks closed higher on Monday.

63 NDX stocks are above their 30 DMA: EA, FAST, PCAR, AMGN, CSX, ADP, PAYX, PYPL, REGN, CTAS, PDD, INTU, ROST, HON, ODFL, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, COST, CPRT, DASH, DXCM, IDXX, MSFT, CMCSA, GEHC, AVGO, CEG, AMZN, CRWD, CSCO, FTNT, GOOGL, MDB, ORLY, PANW, CRWV, FER, LITE, NFLX, NVDA, PLTR, MSTR, MPWR, WBD, ADI, AXON, GILD, RKLB, SNPS, SPCX, TTWO, VRTX, DDOG, FANG, ISRG,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 3

DDOG, FANG, ISRG,  

Moving Below 30 DMA = 5

CCEP, MCHP, MRVL, SBUX, TER,

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