On Wall Street, the S&P 500 is rising as investors respond to the higher-than-anticipated NAHB Indicator Figures
Wall Street Highlights
The S&P 500 added momentum as investors responded to the NAHB Household Market Indicator data.
Nasdaq 100 rose as Tesla recovered from its annual bottoms.
DJIA attempted to trade over 38.9 K
S&P 500 Perspective
The S&P 500 is rising as investors respond with stronger-than-expected NAHB Housing Market Indicator data. Based on the survey, the NAHB Index increased from 48 during Feb to 51 in the month of March. Which above analysts’ expectations of 48. The NAHB anticipates more gains as mortgage rates continue to fall. Nowadays increase is wide, resulting in all market categories pushing upward. Unexpectedly, interest in technological firms continues high as investors keep an eye on artificial intelligence buzz. Additionally, higher rates on bonds did not exert impact on the SP&500 throughout the present-day trading activity. Treasury dealers brace for the US Fed’s rate ruling. That shall be announced on Wed. Powell’s remarks might turn out more aggressive than anticipated.
Source: TradingView – Four hourly graph
Based on a technical standpoint, the SP&500 attempted a further bid to break over the hurdle level of 5180 to5190 zone. A rise over this mark will send the S&P 500 index towards fresh peaks.
Nasdaq 100 Perspective
The value of the Nasdaq 100 is up as interest in technology shares rises. Tesla recovered following its annual low ones. giving substantial backing to the benchmark. The stock of Tesla is rising as the firm raises Model Y pricing. Furthermore, the share price was overly-sold, and many investors were looking for a bullish trigger to start buying shares into Tesla.
Source: TradingView
The Nasdaq 100 is at present attempting to break over the 18,000 To 18,050 barrier level. Should it set over 18,050 mark, it will proceed approach the subsequent barrier threshold. That is positioned in the price range of 18,350 -18,400 points.
DJIA (Dow Jones) Perspective
The Dow Jones Industrial Average adds gains, boosted by strong returns by Salesforce & Caterpillar companies. In the meantime, Boeing hit fresh minimums over worries regarding the reliability of their aircraft. Should the Dow Jones index succeed to get again over the 39,000 level, then, it is headed for the closest barrier around 39,250 – 39,300 mark.
Technical Indicators & Signals for Wall Street Major Indices
S&P 500
| Name | Value | Action |
| RSI(14) | 51.112 | Neutral |
| STOCH(9,6) | 76.552 | Buy |
| STOCHRSI(14) | 62.932 | Buy |
| MACD(12,26) | 3.450 | Buy |
| ADX(14) | 35.306 | Sell |
| Williams %R | -37.026 | Buy |
| Name | Value | Action |
| CCI(14) | 41.9879 | Neutral |
| ATR(14) | 18.6801 | Less Volatility |
| Highs/Lows(14) | 1.7270 | Buy |
| Ultimate Oscillator | 52.978 | Buy |
| ROC | -0.021 | Sell |
| Bull/Bear Power(13) | 8.6961 | Buy |
Nasdaq 100
| Name | Value | Action |
| RSI(14) | 49.966 | Neutral |
| STOCH(9,6) | 98.612 | Overbought |
| STOCHRSI(14) | 67.770 | Buy |
| MACD(12,26) | 4.860 | Buy |
| ADX(14) | 37.557 | Neutral |
| Williams %R | -1.710 | Overbought |
| Name | Value | Action |
| CCI(14) | 33.2675 | Neutral |
| ATR(14) | 72.8324 | Less Volatility |
| Highs/Lows(14) | 13.8598 | Buy |
| Ultimate Oscillator | 42.010 | Sell |
| ROC | 0.592 | Buy |
| Bull/Bear Power(13) | 4.8636 | Buy |
Dow Jones
| Name | Value | Action |
| RSI(14) | 45.852 | Neutral |
| STOCH(9,6) | 99.769 | Overbought |
| STOCHRSI(14) | 65.578 | Buy |
| MACD(12,26) | -12.030 | Sell |
| ADX(14) | 39.360 | Sell |
| Williams %R | -0.373 | Overbought |
| Name | Value | Action |
| CCI(14) | 3.3385 | Neutral |
| ATR(14) | 82.8331 | Less Volatility |
| Highs/Lows(14) | 0.0000 | Neutral |
| Ultimate Oscillator | 46.677 | Sell*Caution |
| ROC | -0.146 | Sell |
| Bull/Bear Power(13) | -61.7707 | Sell |
| DJIA | 38,790.43 | +75.66 | +0.20% | |||
| S&P 500 | 5,149.42 | +32.33 | +0.63% | |||
| Nasdaq 100 | 16,103.45 | +130.27 | +0.82% | |||
| S&P 500 VIX | 14.54 | +0.21 | +1.47% |
