©
2026
SPX +127.31,
7,394, opened slightly higher
after an inline PPI Report at 8:30 am ET, traded in a range until the afternoon
when POTUS indicated that a settlement to the Iran Conflict had been reached when the SPX gained more 100 points and closed higher. Breadth strengthened as advancers led on both
the NYSE and NASDAQ exchanges.
Technology, Materials and Industrial sectors gained more than 3% by the
close.
SpaceX, SPCX,
a highly anticipated record $75 billion IPO is scheduled to be priced at $135
and begin trading on Friday, June 12, 2026.
SPX
advancers: SNDK KLAC LRCX MU AMAT SATS
IP TER SW UAL INTC.
SPX
decliners: PTC ORCL ADSK GDDY ADBE
WDAY FDS CSGP DVN IT EFX.
Earning’s
flag setups on DELL,
HPE, PANW. PANW bounced above the
high of the low day.
NVDA +4.45, +2.22%, bounced
but did NOT confirm its long-tailed hammer, traded 158.6 million shares.
MU +103.99, +11.66%, bounced
above the high of the low day.
SPY +1.70% closed
above the high of the following day, on above average volume of 86.3 million
shares.
VIX -2.78, 19.44, as hedgers unwound hedges…
NDX +3.29%,
as semiconductor and technology stocks moved higher.
DJI, 50,848, +1.86%,
bounced and re broke out of
horizontal resistance.
Mega caps MU, TSLA, TSM, AVGO, NVDA, LLY AMZN, APPL, GOOGL, BRK/B rose
and META, WMT, MSFT fell on Thursday.
Up: QQQ, IWM, DIA, SPY,
Down:
The SPY
MFC green line is
higher at 52.9,
and price-action is defensive. -7.5
Eight
of eleven
sectors (89.6%) were higher on Thursday led by XLK, XLB and XLI.
71
of 100
NDX stocks closed higher on Thursday.
46 NDX stocks are above their 30
DMA: MRVL, ARM, AMD, CSX, STX,
CSCO, AMAT, LRCX, AAPL, MU, MNST, CDNS, DDOG, PANW, CRWD, FTNT, KDP, MDLZ, ADP,
MDB, DXCM, PAYX, ASML, KLAC, MAR, ODFL, ROST, AXON, EA, VRSK, CTAS, FAST, AMGN,
IDXX, GEHC, PCAR, CCEP, KHC, EXC, LIN, ADI, BKNG, INTC, MPWR, WDC, VRTX,
NDX Stocks to Watch on Friday
Moving Above 30 DMA = 6
ADI, BKNG, INTC, MPWR, WDC, VRTX,
Moving Below 30 DMA = 1
WDAY,
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