©
2026
SPX +28.25, 7,543, opened higher after a lower-than-expected (which
is positive) CPI report, traded in range and closed higher. Closed 66 points below its all-time closing
high on June 2. Both the NDX and SPX rose
in their 6-week sideways channel. Breadth
strengthened as advancers led on both the NYSE and NASDAQ exchanges.
Earnings
season started today
with GS, JPM, BAC, C, WFC, and FAST
reporting.
Wednesday
morning BLK, BNY, CAG,
CTAS, ELV, JNJ, MS, MTV, PGR, PNC will report earnings before the open.
SK Hynix ADR, SKHY,
closed 193.92, +27.29
on its third day. IPO was
at 149.
SpaceX, SPCX,
closed at 136.08, -2.20%.
Our view is that SPCX, with no earnings, is an overvalued speculation.
SPX
advancers: CRWD GS DELL PANW NTAP
LITE SNDK MU HPE LRCX INTC.
SPX
decliners: IBM BIIB HCA ISRG SYK IT
NOW UHS GEHC FICO C.
SPY +0.36%, below
average volume of 35.1 million shares.
VIX -0.66, 16.50.
NDX +1.10% opened and closed higher.
DJI, 52,508 +0.02%, was weighed
down by IBM releasing a week early, preliminary results below estimate on
revenues and earnings.
Mega caps MU, NVDA, GOOGL, AVGO, META, TSLA, AMZN rose and TSM, AAPL, WMT, BRK/B, MSFT, LLY fell on Tuesday.
Up: QQQ, SPY, IWM, DIA
Down:
The SPY
MFC green line is turned
up at 74.1,
price-action remained above ST support and is short-term
bullish. +2.2
Five of eleven sectors were higher
on Tuesday led by XLK, XLE and XLF.
48
of 100
NDX stocks closed higher on Tuesday.
48 NDX stocks are above their 30
DMA: AMAT, MNST, PANW, CRWD,
FTNT, EA, FAST, PCAR, CCEP, EXC, LIN, BKNG, VRTX, ABNB, DASH, TTWO, AEP, AMGN, AXON,
ROP, SBUX, CSX, KHC, ADP, DDOG, MELI, PAYX, PYPL, REGN, CTAS, TRI, AAPL, GILD,
WDAY, DXCM, META, PDD, AMD, AMZN, TMUS, XEL, FANG, INTU, ODFL, WBD, NVDA,
PLTR, TXN,
NDX Stocks to Watch on Wednesday
Moving Above 30 DMA = 3
NVDA, PLTR, TXN,
Moving Below 30 DMA = 5
ADBE,
ADSK, CMCSA, GEHC, IDXX,
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