©
2026
SPX -7.77 6,816 traded in a range and closed fractionally
lower. Breadth turned negative as decliners
led on both the NYSE and Nasdaq exchanges. Volume was well below
average and VIX was lower, so the negative breadth on Friday does not appear to
be contextually meaningful.
Earnings season starts next week with EPS from GS, JPM, C, WFC, BLK, JNJ and many others including NFLX.
Our Mentoring trading had its best single day on Wednesday and a great week hitting new net liq highs. We hope your trading is also prospering!
Investment observation:
On March 21, economist
Paul Krugman, Nobel Laureate, in a podcast interview with Robin Brooks stated: “Interesting
world out there. Interesting as in terrifying, including economically.” I would agree, almost everyday is interesting
to me.
However,
investors and traders should never be terrified. Primarily because investors and traders are
risk takers and as risk takers, they should evaluate risk before they make an
investment/trade and only take risk they are comfortable in taking. I continue to teach that each trader should “take
full 100%, total responsibility for their trading decisions” and they “fully
accept risk, that this trade can be a loser and they only take risk that they
can accept.”
If an investor/trader
only takes risk that they are comfortable with both emotionally and financially,
they prepared in advance for a potential loss and therefore they should never
be terrified. If you think you
might be terrified by a negative outcome, perhaps avoiding that
investment/trade and avoid the potential of being terrified would be a better
outcome for you.
NVDA +4.72, +2.57%, bounced in
a channel on 177.1 million shares.
MU -0.92, -0.22%, closed
higher.
SPX
advancers: SMCI TPL
COHR SATS AVGO MKC AMD LII APP FSLR.
SPX
decliners: AKAM FICO
NOW PANW CDNS FTNT LH FIS ARES PTC.
SPY below average volume of 42.2 million
shares, second lowest volume day of 2026.
VIX -0.26, 19.23,
NDX +0.14%, closed higher for a eighth day.
DJI, 47,916, -0.56%, a
second pause day.
Mega caps AVGO, NVDA, AMZN, TSM, TSLA, META rose and AAPL, GOOGL, MSFT, BRK/B, WMT fell on Friday.
Up: QQQ,
Down: SPY, IWM, DIA,
The SPY
MFC green line is up at 64.4,
price-action is short-term bullish. +7.4.
Four of eleven sectors (54.3%)
were higher on Friday led by XLB, XLK and XLRE.
29
of 100
NDX stocks closed higher on Friday.
53 NDX stocks are above their 30
DMA: ROST, NLFX, MRVL, ARM,
EA, AMD, BKR, AMD, AEP, COST, INSM, LIN, AMD, AZN, CSX, FAST, ODFL, AMZN,
INTC, KLAC, MAR, MPWR, STX, WDC, CSCO, ADI, BKNG, MCHP, TXN, AMAT, AVGO, BKR, GOOGL,
LRCX, MELI, AAPL, ALNY, ASML, FAST, FER, MDLZ, MU, NVDA, NXPI, ORLY, PCAR, SBUX,
XEL, HON, KHC, META, MNST, FANG, GEHC,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2
FANG, GEHC,
Moving Below 30 DMA = 5
CHTR,
EXC, PANW, PYPL, REGN,
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