©
2026
SPX -108.71, 6,832, opened slightly
higher, traded in a range for about an hour before a sharp one-hour 90-point
selloff reportedly driven by AI concerns of rapid advances that may disrupt software,
logistics and real office real estate. Breadth weakened as decliners increased
and led on both the NYSE and NASDAQ exchange.
SPX
leaders: EQIX, AKAM,
ZBRA, MSI, EXI, HW, IFF, STX, IRM, SNDK SBAC, AMT.
SPX
decliners: APP, BAX,
TYL, CHRW, EXPD, CSCO, ROL, ALB, DELL, CBRE.
SPY traded above average volume of 118.8
million shares on Thursday.
VIX +3.17,
at 20.82.
NDX -2.04%, channel bounce continuation.
DJI, 49,451, -1.34%, closed
below the low of the high day in a bull flag pullback.
Mega caps LLY rose and BRK/B, GOOGL,
MSFT, TSM, NVDA, AMZN, TSLA, META, AVGO, AAPL fell on Thursday.
Up:
Down: DIA, SPY, QQQ, IWM,
The SPY
MFC green line is pointed up at 64.4,
price-action is a close below the low of the high day and a close below
the high of the low day and is counter-trend defensive. +3.4
Three of eleven sectors
were higher on Thursday led by XLU, XLP and XLRE.
22
of 100
NDX stocks closed higher on Thursday.
49 NDX stocks are above their 30
DMA: MNST, PCAR, ADI, WDC, TXN,
ODFL, BKNG, MCHP, CMCSA, LIN, HON, LRCX, MU, ASML, INTC, MPWR, STX, BKR, SBUX, COST,
FAST, AEP, MDLZ, AMGN, GILD, FANG, FER, CSX, PEP, CCEP, ROST, CHTR, TMUS, MAR, KDP,
KHC, XEL, AZN, CTAS, AMAT, ARM, FTNT, KLAC, NVDA, EXC, NXPI, REGN,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
VRTX, WBD,
Moving Below 30 DMA = 5
AAPL,
AVGO, CSCO, DDOG, META,
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