Friday, July 10, 2026

SPX, NDX, DIA Closed Higher...IWM Closed Lower...VIX Hits Six-month Low...


© 2026


SPX +31.75, 7,575, opened flat and closed higher, just 34 points below its all-time closing high.  Both the NDX and SPX rose in their 5-week sideways channel.  Breadth was mixed as advancers led on the NYSE and decliners led on the NASDAQ exchange.

SPX was choppy this week, but did gain 92 points: Monday up, Tuesday down, Wednesday down then up, Thursday up and Friday down then up

SK Hynix ADR IPO started trading under the temporary symbol (SKHYV) on Friday.

SpaceX, SPCX, closed at 145.30, -4.51%. Our view is that SPCX, with no earnings, IS an overvalued speculation.

SPX advancers: META WY SBAC NVDA CCI BF/B CLX NKE MOS BBY CAG.
SPX decliners: MRNA CRWD DDOG FTNT GILD PANW DELL MRVL FDXF FLEX.

SPY +0.43%, below average volume of 42.2 million shares.
VIX -0.81, 15.03.
NDX +0.33% opened lower and closed higher, crossing above its 30 DMA.
DJI, 52,637 +0.29%, bounced above the high of the following day in its bull flag pattern.


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


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

The SPY MFC green line is up at 73, price-action remained above ST support and is short-term bullish. +5.3

Ten of eleven sectors were higher on Friday led by XLB, XLP and XLC. 


55 of 100 NDX stocks closed higher on Friday.

54 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, ALAB, AXON, GEHC, ROP, AZN, SBUX, CSX, KHC, ADP, DDOG, MELI, PAYX, PYPL, REGN, ALNY, CTAS, TRI, AAPL, GILD, WDAY, DXCM, META, PDD, AMD, AMZN, ASML, AVGO, IDXX, TSLA, TXN, ADBE, CSCO, HON, KDP, SNDK, TMUS, XEL,

NDX Stocks to Watch on Monday
Moving Above 30 DMA = 7
ADBE, CSCO, HON, KDP, SNDK, TMUS, XEL,


Moving Below 30 DMA = 2
CDNS, MDB,



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