Tuesday, June 2, 2026

DJI, NDX, SPX Closed at All-time Highs...RUT Closed Higher...Breadth is Mixed VIX Falls on Tuesday...


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Our iBullyBear Mentoring account once again hit a new all-time Net Liq high on Tuesday.  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 advancers: HPE COHR LITE GLW CIEN ARE APTV SMCI FCX AMAT DE.
SPX decliners: TTD INTU CBOE HPQ DELL NOW TSCO FDS WDAY NDAQ PLTR.

Earnings season: 12 SPX companies report this week: HPE, DG, PANW, ULTA, MDT, AVGO, CRWD, VEEV, BF/B, CIEN, COO, LULU.

NVDA -1.54, -0.69%, opened higher closed lower, on 193.3 million shares.
MU +28.60, +2.7%, closed at a new all-time high after exceeding a trillion-dollar market cap last Tuesday. 

HPE +9.15 +19.47%, rose after reporting a better-than-expected results and guidance.  EPS $0.79 beats $0.53 estimate, sales $10.678B beat $9.791B estimate.

SPY +0.14%, all-time closing high, below average volume of 31.6 million shares.
VIX -0.28, 15.77,
NDX +0.48%, all-time closing high.
DJI, 51,307, +0.45%, an all-time closing high.


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


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

The SPY MFC green line is higher at 97.9, and price-action is short-term bullish. +0.1 

Seven of eleven sectors (66.9%) were higher on Tuesday led by XLU, XLK and XLB


44 of 100 NDX stocks closed higher on Tuesday.

56 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, CSX, INTC, STX, WDC, CSCO, TXN, AMAT, AVGO, LRCX, AAPL, MU, NXPI, MNST, CDNS, QCOM, APP, DDOG, PANW, CRWD, FTNT, KDP, TSLA, KHC, MDLZ, ADP, MDB, DXCM, PAYX, ASML, KLAC, MAR, HON, ODFL, ROST, WDAY, AXON, CTSH, MSFT, PLTR, ADBE, EA, VRSK, BKNG, CTAS, FANG, NVDA, WBD, ADI, FAST, LITE, MCHP, MPWR, SNPS,

NDX Stocks to Watch on Wednesday
Moving Above 30 DMA = 6
ADI, FAST, LITE, MCHP, MPWR, SNPS,


Moving Below 30 DMA = 9
ABNB, ADSK, IDXX, MELI, ROP, TRI, TTWO, VRTX, ZS,



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