Wednesday, May 6, 2026

NDX, RUT, SPX New All-time Closing High...DJI Closed Higher...Breadth Remains Positive as Advancers Led on NYSE and NASDAQ...


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Our iBullyBear Mentoring account once again hit a new all-time Net Liq high today on strength in SOXL, AMUU, DELL, TSM and AMD along with more than ten other gainers on Wednesday.  If you are not employing a systematic approach to decision-making in the face of uncertainty and you want to improve your skills contact us through the iBullyBear link above.


SPX +105.90, 7,365, opened higher after strong earnings from AMD, SMCI, UBER, DIS and closed at a new all-time high.  Breadth remained positive as advancers led on both the NYSE and NASDAQ exchanges. 

SPX advancers: SMCI DVA AMD DOC IFF GLW JBL DELL RCL UBER LRCX.
SPX decliners: CDW COR TECH ANET SWKS PODD CTRA DVN APA J.

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EPS season Day 17:   SMCI DVA AMD DOC IFF UBER CVS DIS EMR AMCR LYV SOLV KHC MAR GPN closed higher on a positive EPS reaction.  CDW COR TECH ANET SWKS PODD DVN J TRMB OXY LITE EOG JKHY NRG CTVA EXC SOLS AEE NI JCI EA AIZ PRU closed lower after a negative EPS reaction. 

AXON PTC WBD APP DASH FTNT O TKO COHR ALB ES TPL MET HST ATO APA CF reported after the close on Wednesday.  16 stocks report Thursday morning BMO: BDX CRL DDOG EPAM EVRG GWW HWM KVUE MCD SATS SRE TPR TRGP VST VTRS ZTS.

130 SPX companies report this week.
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NVDA +11.33, +5.77%, formed a large white candle closing above the high of the low day after a six-day pullback on 187.4 million shares.
MU +26.39, +4.12%, closed at a new all-time high.

SPY all-time new closing high on below average volume of 53.1 million shares.
VIX +0.01, 17.39
NDX +2.08% hit an all-time closing high.
DJI, 49,910, +1.24% move above Tuesday’s bullish harami candle moving closer to horizontal resistance breakout.


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


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

The SPY MFC green line is higher at 97, price-action is short-term bullish. +0.8. 

Nine of eleven sectors (94.3%) were higher on Wednesday led by XLK, XLI and XLB


64 of 100 NDX stocks closed higher on Wednesday.

65 NDX stocks are above their 30 DMA: ROST, MRVL, ARM, AMD, CSX, FAST, AMZN, INTC, KLAC, MPWR, STX, WDC, CSCO, ADI, MCHP, TXN, AMAT, AVGO, GOOGL, LRCX, MELI, AAPL, MU, NVDA, NXPI, SBUX, MNST, ABNB, CDNS, QCOM, SNPS, DASH, MSFT, MSTR, TTWO, APP, DDOG, PANW, CRWD, FTNT, FANG, BKR, KDP, CEG, TSLA, ADBE, KHC, MDLZ, ADP, TRI, ORLY, XEL, ADSK, MDB, ZS, ASML, FER, LIN, MAR, CCEP, CPRT, GILD, IDXX, PDD, PEP,

NDX Stocks to Watch on Wednesday
Moving Above 30 DMA = 6
CCEP, CPRT, GILD, IDXX, PDD, PEP,


Moving Below 30 DMA = 6
AEP, COST, PAYX, ROP, VRSK, WDAY,



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