IWM, DIA, SPY Closed Higher...QQQ Closed Lower...Earnings Season Continues...SPCX Beats, Soars 8% After-hours...

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SPX +21.84, 7,712 opened lower, closed higher, formed a bullish engulfing candle.  Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges.  The SPX formed a bull flag bounce.

SPX advancers: SMCI DELL WDC BE ON HPE LITE VRT BMY MRVL ECHO.

SPX decliners: ISRG NFLX GM GE BAX BXP ABT AAPL NEM WMT ACN.

Oil /CL fell -0.06 and closed at 98.18.

Earnings season continues with earnings from IBM, LRCX, META, TSLA, TXN and URI on Wednesday among 75 SPX companies this week.

SPY +2.57, +0.34%, below average volume of 35.1 million shares, a white candle. 

VIX -1.13, 17.31 closed lower.

Up: IWM, DIA, SPY,  

Down: QQQ,

Mega caps SPCX, TSLA, AMD, MU, NVDA, AVGO, TSM, AMZN rose, and LLY, BRK/B, GOOGL, META, MSFT, AAPL fell on Tuesday. 

SPCX closed at 147.79, -0.17, volume of 116.6 million shares. SPCX reached an important milestone by becoming profitable today.  It reported EPS $0.35 beat $0.12 estimate, sales $14.575B beat $12.738B estimate.  That is a $58 billion annual run rate.  Our view is that SPCX, proved its ability to produce profits from its business plan.  IPO at 135 on June 12.  Investors seem to be willing to speculate on this company’s long-term fundamental future and it took a major step forward today.  Rumors continue to circulate that SpaceX may acquire TSLA. 

The SPY MFC green line is down at 57.6, price-action bounced on Tuesday forming a bullish engulfing pattern, closed above the following day and is counter-term defensive. -5.6.

Ten of eleven sectors were higher and XLE was unchanged on Tuesday, XLK +0.72%. 

62 of 100 NDX stocks closed higher on Tuesday.

54 NDX stocks are above their 30 DMA: AAPL, ISRG, ADI, TXN, MSFT, MAR, SNPS, CDNS, FAST, COST, LIN, ADSK, AEP, PYPL, ADP, CCEP, CTAS, ODFL, ORLY, TRI, XEL, MRNA, AMGN, KDP, PDD, EXC, FANG, GEHC, IDXX, MDLZ, CSX, ABNB, AZN, GILD, INTU, MNST, REGN, ROST, ADBE, HON, MELI, PAYX, ROP, SBUX, WDAY, PEP, AMZN, PLTR, CMCSA, KHC, MCHP, NXPI, TSLA, VRTX,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 6

CMCSA, KHC, MCHP, NXPI, TSLA, VRTX,

Moving Below 30 DMA = 2

DASH, DDOG,  

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NDX, SPX, IWM Closed Higher...DJI Closed Lower...GE, GM, MMM Report EPS BMO...NFLX, UAL and SPCX Report EPS Tuesday AMC...

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SPX +31.29, 7,690 opened and closed higher, formed a bullish harami candle.  Breadth strengthened as advancers were mixed but decliners still led on both the NYSE and NASDAQ exchanges.  The SPX formed a nine-day bull flag pattern.

SPX advancers: SNDK WDC DDOG AMZN MRVL PLTR MRNA LRCX ANET TER.

SPX decliners: MOS NRG AMP MHK WRB ES STLD LKQ CEG CAG DHI.

Oil /CL fell -0.80 and closed at 98.24.

Earnings season continues with earnings from GE, GM, MMM, COF, NFLX, UAL, SPCX, IBM, LRCX, META, TSLA, TXN and URI on Tuesday and Wednesday among 75 SPX companies this week.

SPY +4.16, +0.55%, below average volume of 38.8 million shares, a bullish harami. 

VIX -1.55, 18.44 closed lower.

Up: QQQ, SPY, IWM,

Down: DIA,

Mega caps AMZN, TSLA, MU, AVGO, TSM, AMD, NVDA, GOOGL, MSFT, BRK/B rose, and AAPL, META, LLY fell on Monday. 

SPCX closed at 148.84, +2.78, volume of 74.5 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  In the end if buyers are greater than sellers the stock will rise.  People seem to be willing to speculate on this company’s long-term fundamental future.  SPCX reports EPS after the close on Tuesday, Oct 20.  Rumors continue to circulate that SpaceX may acquire TSLA. 

The SPY MFC green line is down at 63.2, price-action bounced on Monday forming a bullish harami candle pattern and is counter-term defensive. -7.2.

Three of eleven sectors were higher on Monday, XLK +1.41%. 

63 of 100 NDX stocks closed higher on Monday.

50 NDX stocks are above their 30 DMA: AAPL, ISRG, ADI, TXN, MSFT, MAR, SNPS, CDNS, FAST, COST, LIN, ADSK, AEP, PYPL, ADP, CCEP, CTAS, ODFL, ORLY, TRI, XEL, MRNA, AMGN, KDP, PDD, EXC, FANG, GEHC, IDXX, MDLZ, CSX, ABNB, AZN, GILD, INTU, MNST, REGN, ROST, ADBE, HON, MELI, PAYX, ROP, SBUX, WDAY, PEP, AMZN, DASH, DDOG, PLTR,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 4

AMZN, DASH, DDOG, PLTR,

Moving Below 30 DMA = 2

KHC, META,

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DJI, SPX, RUT, NDX Closed Lower on Lower Technology Sector and Higher Oil...

© 2026

22 of 100 NDX stocks closed higher on Friday.

48 NDX stocks are above their 30 DMA: AAPL, META, ISRG, ADI, TXN, MSFT, MAR, SNPS, CDNS, FAST, COST, LIN, ADSK, AEP, PYPL, ADP, CCEP, CTAS, ODFL, ORLY, TRI, XEL, MRNA, AMGN, KDP, PDD, EXC, FANG, GEHC, IDXX, MDLZ, CSX, ABNB, AZN, GILD, INTU, MNST, REGN, ROST, ADBE, HON, MELI, PAYX, ROP, SBUX, WDAY, KHC, PEP,

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 2

KHC, PEP,

Moving Below 30 DMA = 8

AMZN, DDOG, DXCM, FTNT, GOOGL, MSTR, PLTR, TTWO,

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