DJI, RUT, SPX, NDX Closed Lower...Breadth Weakened...VIX Rose...Middle East Lacked Clarity...

 

© 2026

SPX -114.75, 6,477 made at its lowest close in six months.   Breadth weakened and was negative as decliners led on both the NYSE and Nasdaq exchanges.  A lack of clarity on both the Middle East and the future range of potential oil prices continued to offer market makers an excuse to drop bids as SPX on below average volume, hit its lowest level in six months. 

Following the March 6, 2026, statement from the U.S. President on “unconditional surrender” the Iranian President responded that the comment was a “dream” that U.S. leaders should “take to their graves.” This week’s Middle East actions suggest continued lack of clarity.

NVDA -7.44, -4.16%, fell on 186.1 million shares. 

MU +1.76, +0.50%, formed a bullish harami inverted hammer.  March 24, GOOGL introduced its TurboQuant algorithm, which may lead to lower memory requirements for LLM’s.

SPX advancers: ETR BF/B CPB HAL APA TAP LYB CIEN DOW SATS XOM CF.

SPX decliners: DDOG MRNA COIN NCLH ABNB ALGN HOOD PANW CRWD GPN.

SPY traded above average volume of 103.6 million shares.

VIX +3.61, 31.05, 

NDX -1.93%, closed at a six-month low.

DJI, 45,166, -1.73%, made a new six-month low.

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

Up:

Down: DIA, IWM, SPY, QQQ,

The SPY MFC green line turned down at 12.4, price-action closed below six-month support, made a 6-month closing low and is short-term bearish. -1.1. 

Three of eleven sectors (14.9%) were higher on Friday led by XLE, XLP and XLU. 

17 of 100 NDX stocks closed higher on Friday.

11 NDX stocks are above their 30 DMA: FANG, ROST, NLFX, MRVL, ARM, EA, AMD, BKR, AMD, BKR, CSCO,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 10

ABNB, ALNY, DDOG, INSM, INTU, LIN, PAYX, PLTR, PYPL, ROP,

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