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Bulls Were Unable To Build On Morning Optimism

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After the Fed driven sell-off that delivered support breaks for some of the indices there was an attempt by bulls to stage a bounce, but traders weren't able to build on the sizable opening gaps, and some indices drifted lower by the close. The Russell 2000 ($IWM) lost the most ground off the open. However, today's close was enough to regain support, leaving yesterday's action as a potential 'bear trap'. Technicals are net bearish oversold. And today's buying volume was below yesterday's selling (distribution). The S&P finished the day where it started, which is also 20-day MA resistance. Aggressive traders could go with a swing trade as the next move could be sizable (particularly if the move is higher). The Nasdaq is dominated by the trading range, but within that we have a consolidation triangle. As it stands, the index is at resistance of this triangle, and given recent selling volume I would be looking for a move to close today...
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Solid finish on higher volume

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There wasn't much to today's action but for what there was, it was positive - better again in the face of Google's disappointing earnings (revenue miss). The S&P barely registered a gain but with the index a couple of points shy of all-time highs it can be forgiven. Volume was sufficient to register as accumulation.
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Small Caps Ready to Pop as Indices Gain

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The S&P maintained bullish pressure with a small gain, a gain sufficient to mark a new closing high.  Technicals are generally bullish, although the MACD has flat-lined.
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Small Caps Fall Back To Converged Moving Averages

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There wasn't a whole lot to today's action despite the damage done to my monitored Shutterstock ($SSTK) following disappointed earnings. The Small Caps index fell back into converged 20-day, 50-day and 200-day MA.
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A Good Finish For Bulls

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Nothing spectacular but after day's of tight intraday action, today's action belonged firmly in the bull column. In percentage terms there wasn't a whole lot to today's gain but relatively, the gain was key. For the S&P we now have a new closing high on slightly higher volume accumulation. While the MACD has flatlined there is still bullish accumulation trends in On-Balance-Volume and relative performance, alongside strongly overbought stochastics; what is bullish stays bullish until proven otherwise.
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Small gains for Nasdaq; Russell 2000 at converged 20-/50-day MAs

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My individual picks on invest4success  are showing a greater level of weakness than the indices. This may reflect bad stock picking on my part, or could represent a hidden undercurrent of weakness which hasn't represented itself in the broader market. Time will tell which side is true. Leading on from this, I would like the Russell 2000 to regain its leadership which it lost in March. The February high rebuttal off the 200-day MA remains the high for the index in 2019, but something more is required to see a reversal in the relative performance loss.
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Minor Changes

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While my invest4success picks saw some changes, the larger picture didn't change a whole lot. The biggest gain was from the Dow Industrials. While the gain was nothing to write home about it was the only index to register a gain.  Volume was lighter but technicals are net bullish. If there was a downside, it's that relative performance needs a pick up to run alongside index gains. The S&P didn't change a whole lot so haven't feature it.
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Semiconductors Gap Higher; Russell 2000 Leads Lower

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A mixed day for markets. The only winner was the Semiconductor Index as it gapped higher off yesterday's strong white candle. With other markets suffering losses the risk of a 'bearish shooting star' tomorrow is reasonably high.
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