To The Moon

1.$S&P 500(.SPX)$

Under this hypothetical scenario, the recent high point of 4650-4675-ish would be an important S&P 500 battleground. and for the support, we would see support at the point of 4290. If we break the neckline then full measured move to around 3700.

Daily K-Chart

The TOP 5 companies with the largest weighting are $Apple(AAPL)$ ,$Microsoft(MSFT)$ , $Alphabet(GOOG)$ , $Amazon.com(AMZN)$ , $Tesla Motors(TSLA)$ .

2. $DJIA(.DJI)$

The chart shows after breaking through a recent new high in early March, $DJIA(.DJI)$ was moving inside the box oscillated around the 33,000~36,952 point, and the current point is 34220.

Monthly K-Chart

DJIA tracks the share prices of the 30 most important companies traded on Nasdaq and NYSE, TOP 5 companies with the largest weighting are $Goldman Sachs(GS)$ (7.18%), $3M(MMM)$ (6.47%), $Boeing(BA)$ (6%) , $Boeing(BA)$ (5.73%), $Home Depot(HD)$ (5.06%).

Let's see where DJIA choose to break through under the high inflation.

3. $NASDAQ 100(NDX)$

The Nasdaq Composite$NASDAQ(.IXIC)$ is the benchmark for U.S. tech stocks，this index contains the world's leading companies in technology and biotechnology, such as Microsoft, Google, $Oracle(ORCL)$ , $Intel(INTC)$ and Amazon.

But there is a difference between the Nasdaq Composite and the Nasdaq 100, which consists of the 100 largest non-financial companies listed on the Nasdaq exchange.

Daily K-chart

The $NASDAQ 100(NDX)$ support just broke on April 12th, extending last week's losses as Fed officials said they would raise interest rates by 50bps and run off the central bank's balance sheet to tame inflation. The valuations of many tech stocks are based on long-term growth expectations and are therefore particularly sensitive to rising interest rates.

4. Russell 2000

Small-caps have resumed their downtrend vs large-caps. The Russell 2000/1000 ratio peaked on March 10, 2 days after the SPX *low* and is testing its Feb 2022 low.

If the rate rise were signaling economic strength, small-caps should be outperforming.

5. Russell 1000

Large-cap Growth has led the rally. Russell 1000 Growth/Value ratio fell to multi-year support, but support has held so far.

Notice how much weaker the small-cap G/V bounce has been. The risk-on rally is more discerning.

One reason large-cap Growth has rallied is that earnings growth is slowing.

6. $Cboe Volatility Index(VIX)$

The volatility index (VIX, fear index) calculated based on the price movement of the S & P 500 stock index option rose at the Chicago Board Options Exchange (CBOE) on the 12th.

Market Leading Indicator came in high on Tue, Apr 12 after market close. Few red days may be imminent implying weakness in markets.

15-18th been rough each month last two years. Any green days may likely be false signal. A drop/pullback in market is anticipated. VIX can go up. Cash is a good position to be in now.