S&P 500 (SPY)
Stocks had a wild day of trading that resembled something like a casino or a rollercoaster, with ups and downs, twist and turns. It is impossible to know for sure, but the comeback was impressive and perhaps more important is where the index stopped falling. The S&P 500 filled a very important gap that was formed on April 1 today at 2,836. From that point on it was up on the S&P 500.
There is still plenty of work to do because a downtrend has formed in the index and now the S&P 500 would need to clear 2880 to confirm a break out from the downtrend, giving hope for a rise to 2,915.
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Rates
The 10-year treasury yield also managed to hold on to support at 2.42%.
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Square (SQ)
I saw some bullish betting in Square today, and the stock continues to hold support at around $65.50. You can read more here in a premium room write up about the opinion activity.
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Apple (AAPL)
Apple fell below the uptrend but is still holding on to support at $198. A break below this price sends Apple’s stock down $194.
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Amazon (AMZN)
Amazon fell below support at 1,900 today, and that means the stock may be on its way to $1850. The uptrend that has been in place send March is broken too.
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Intel (INTC)
Intel has broken down and the region around $46 needs to hold or a drop to $42.50 seems likely.
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Nvidia (NVDA)
Nvidia looks weak and $150 may now be on the table for the stock.
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