Wednesday, January 28, 2026

NDX, DJI Closed Higher, SPX Closed Flat after Fed Leaves Rates Unchanged, IWM Closed Lower...After-hours: META, IBM, LRCX, TSLA Up on Positive Earnings Reactions, MSFT Down...


© 2026


SPX -0.57, 6,978, traded in a range, made a new intra-day high before it closed less than one point lower.  The Fed left rates unchanged as expected and Powell conducted a professional press conference. Breadth weakened as decliners led on both the NYSE and NASDAQ exchanges.  SMH +2.30% closed at a new-high on Wednesday, as INTC, TXN, MU, NVDA, AMAT and TSM rose.


After the close, META +7.82%, IBM +7.14%, LRCX +6.31%, TSLA +2.36% rose on positive earnings reactions and MSFT -6.44% fell after an EPS and sales beat.

AAPL and WDC report EPS Thursday after-the-close.


SPY traded below average volume of 60.7 million shares on Wednesday.
VIX closed +0.00, flat at 16.35
NDX +0.32%, channel bounce continuation near resistance BO, -0.37% below all-time closing high on October 29, 2025.
DJI, 49,015, +0.02%, formed a spinning top.


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


Up: QQQ, DIA,
Down: SPY, IWM,


The SPY MFC green line is up to 84, and price-action is short-term bullish. +6.6 

Two of eleven sectors were higher on Wednesday led by XLK, XLE and XLF.  


40 of 100 NDX stocks closed higher on Wednesday.

54 NDX stocks are above their 30 DMA: MNST, PCAR, ADI, AMAT, WDC, TXN, DXCM, ODFL, SNPS, BKNG, MCHP, CMCSA, LIN, HON, KLAC, LRCX, MU, ASML, GOOGL, INTC, MPWR, STX, BKR, SBUX, COST, CPRT, FAST, AEP, MDLZ, ORLY, AMD, AMGN, XEL, EXC, GILD, FANG, FER, MELI, VRTX, AMZN, CSGP, NVDA, AZN, CDNS, CSX, FTNT, META, CSCO, DDOG, PEP, CCEP, CRWD, MSFT, NXPI,

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
NXPI,


Moving Below 30 DMA = 6
ARM, AXON, CTAS, CTSH, EA, REGN,



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