Friday, November 6, 2026

NDX, RUT, SPX Close Higher Led by Technology Sector...DJI Close Lower...Breadth Strengthened...


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SPX +23.13 7,376 opened and closed higher and formed a bullish harami as the technology sector led a rebound.  Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges. 

SPX advancers: COHR ABNB AMD VST APP NRG INTC LRCX CRL KLAC ANET.
SPX decliners: AXON MCHP DXCM POSS CNC CHTR MNST EXPE GDDY BKNG.

Oil /CL fell -0.86 and closed at 90.34.

SPY +2.29, +0.31%, above average volume of 59.2 million shares. 
VIX -2.54, 25.64 closed lower.

Up: QQQ, IWM, SPY,
Down: DIA,  


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


SPCX closed at 135.64, +12.02, volume of 116.9 million shares. Our view is that SPCX proved its ability to produce profits in its last quarterly report.  IPO at 135 on June 12.  Investors seem to be willing to speculate on this company’s long-term fundamental future.  Rumors continue to circulate that SpaceX may acquire TSLA. 

The SPY MFC green line pointed down at 15.4, price-action is below Sep 16 support and is bearish. -2.3.

Three of eleven sectors were higher on Friday, XLK +1.45%. 


47 of 100 NDX stocks closed higher on Friday.

48 NDX stocks are above their 30 DMA: ISRG, TXN, MAR, FAST, COST, LIN, ADSK, AEP, PYPL, ADP, CCEP, CTAS, ORLY, TRI, XEL, MRNA, AMGN, KDP, EXC, GEHC, IDXX, MDLZ, CSX, AZN, GILD, INTU, MNST, REGN, HON, PAYX, ROP, SBUX, PEP, KHC, NXPI, VRTX, CPRT, FER, CMCSA, PDD, ABNB, AAPL, AMZN, BKNG, MSFT, TMUS, TTWO, APP,  

NDX Stocks to Watch on Monday
Moving Above 30 DMA = 0



Moving Below 30 DMA = 4    
ADBE, DXCM, ROST, WDAY,



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