Thursday, March 12, 2026

SPX, DJI, NDX, RUT Closed Lower as Breadth Weakened, Decliners Increased, Advancers Decreased and Volatility Increased...


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SPX -103.18, 6,672, formed a red candle that closed below 3-month support.   Breadth weakened as decliners increased and led on both the NYSE and Nasdaq exchanges. 

The January PCE report will be released Friday at 8:30 am EDT with a consensus estimate of Y/Y 3.0% core PCE.

NVDA -2.89, -1.55%, fell on 155.3 million shares.

SPX leaders: CF LYB DOW MOS OXY APD KR PW AWK COP PSX CVX HPQ CRM.
SPX decliners: CRL Q EL CCL IP SLB LUV XYZ RCL LW ARES GDDY ODFL FICO.

SPY traded above average volume of 108.4 million shares on Thursday.
VIX +3.06, 27.29, closed higher. 
NDX -1.73%, red candle below 3-month in 5-week congestion near support.
DJI, 46,677, -1.56%, formed a red candle low close below 3-month support.


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


Up
Down: SPY, DIA, QQQ, IWM,

The SPY MFC green line turned down at 29.2, price-action closed below three-month support and is short-term bearish. -6.1

Two of eleven sectors (6%) were higher on Thursday led by XLE, XLU and XLB


12 of 100 NDX stocks closed higher on Thursday.

30 NDX stocks are above their 30 DMA: BKNG, AEP, FANG, CCEP, ROST, TMUS, XEL, EXC, CEG, SBUX, AXON, NLFX, VRSK, ADSK, FTNT, PLTR, TRI, APP, ADBE, AVGO, CRWD, DDOG, INTU, PANW, COST, MRVL, MSTR, VRTX, LIN, TTWO,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 0



Moving Below 30 DMA = 14
ABNB, AMAT, AMGN, CDNS, CTAS, FAST, HON, INTC, KLAC, MU, NVDA, PYPL, REGN, ROP,



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