THE GIST (“THE WHAT”) Blow-out earnings by Microsoft and Alphabet failed to provide a meaningful boost to the morning rally amid ongoing banking turmoil and the looming debt ceiling. The S&P Index (SPX) extended Monday’s losses, falling another 15.62 points (-0.38%) to close near day’s lows at 4056. Note: Our daily “S&P 500 Trading plan” will (more…)