Tuesday, September 8, 2026

NDX, RUT, SPX, DJI Closed Lower...Oil Futures Rise...Breadth Weakened...VIX Closed Higher...SPCX Rose...


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SPX -45.08, 7,673 opened flat and closed lower, below the low of the high day.  Oil /CL rose 1.22 and closed above its July 23 high for a horizontal BO.  Breadth weakened as decliners led on both the NYSE and the NASDAQ exchanges.  Broad market rally has lost upward momentum over the past five weeks. 

The VIX rose on Friday, Monday, and Tuesday and closed at 15.72RUT 2,960 pulled back on Tuesday.

SPX advancers: LITE INTC HPE GLW COHR STX CIEN AMD TPL FCX TKO.
SPX decliners: HWM AMGN SYK GDDY EXPE IT BKNG BSX FIS STZ DLTR.

SPY -4.23, -0.55%, on slightly above average volume of 44.7 million shares, pull back below the low of the high day. 
VIX +0.42, 15.72 closed higher Friday, Monday, Tuesday. 
NDX -0.21% a pause day.
DJI, 52,786 -1.18%, closed below the low of the high day and its 30 DMA.

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


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


SPCX closed at 153.47, +5.52, on volume of 85.6 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  As I have mentioned multiple times in our iBullyBear mentoring sessions, the market has been willing to absorb private shareholder selling since August 6.  In the end if buyers are greater than sellers the stock will rise.

The SPY MFC green line is down slightly at 75.9, price-action on Tuesday, is still above the high of low day Sept. 1 and is short-term bullish. -0.4.

Three of eleven sectors were higher on Tuesday. 


37 of 100 NDX stocks closed higher on Tuesday.

37 NDX stocks are above their 30 DMA: REGN, BKR, CPRT, MSFT, CMCSA, CEG, LITE, PLTR, WBD, GILD, SPCX, VRTX, MU, SNDK, KDP, MELI, MSTR, TSLA, QCOM, NVDA, AAPL, TMUS, ALNY, META, CRWD, AMD, CRWV, INTC, NBIS, LRCX, MRVL, STX, AEP, ARM, ASML, KLAC, WDC,

NDX Stocks to Watch on Wednesday
Moving Above 30 DMA = 5
AEP, ARM, ASML, KLAC, WDC,


Moving Below 30 DMA = 9
ABNB, ADP, ALAB, AMGN, DXCM, NFLX, ROP, TRI, WDAY,



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Friday, September 4, 2026

RUT, NDX Closed Higher...SPX, DJI Closed Lower...Breadth Was Mixed...VIX Inched Up...Markets are Closed Monday...Have a Wonderful Labor Day Weekend...


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SPX -29.11, 7,718,


SPX advancers: SNDK KLAC MRVL COHR NRG STX MU WDC GLW TER LRCX.
SPX decliners: LULU FICO ADSK ADBE EFX PTC TSLA SNPS WDAY NFLX DASH.


SPCX closed at 147.95, -1.79, on volume of 49.1 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  As I have mentioned multiple times in our iBullyBear mentoring sessions, the market has been willing to absorb private shareholder selling since August 6.

SPY -2.98, -0.39%, average volume of 34 million shares, bounce pause day red spinning top. 
VIX +0.21, 14.53 closes higher. 
NDX +0.21% a bounce continuation doji.
DJI, 53,414 -0.51%, closed above its 30 DMA.


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


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

The SPY MFC green line is up at 76.3, price-action on Friday, a bull flag bounce pause and is short-term bullish. +0.3

Three of eleven sectors were higher on Friday. 


43 of 100 NDX stocks closed higher on Friday.

41 NDX stocks are above their 30 DMA: AMGN, ADP, REGN, ROP, TRI, WDAY, ABNB, BKR, CPRT, DXCM, MSFT, CMCSA, CEG, LITE, NFLX, PLTR, WBD, GILD, SPCX, VRTX, MU, SNDK, KDP, MELI, MSTR, TSLA, QCOM, NVDA, AAPL, TMUS, ALNY, META, CRWD, ALAB, AMD, CRWV, INTC, NBIS, LRCX, MRVL, STX,

NDX Stocks to Watch on Tuesday
Moving Above 30 DMA = 8
ALAB, AMD, CRWV, INTC, NBIS, LRCX, MRVL, STX,


Moving Below 30 DMA = 8
ADBE, AZN, CCEP, DASH, FANG, INTU, PAYX, SNPS,



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Thursday, September 3, 2026

DJI, NDX, SPX, RUT Closed Higher...Average volume...VIX Lower...CIEN, AVGO Close Lower on Positive EPS Reactions...Jobs Report Friday BMO...


© 2026


SPX +81.11, 7,747, opened higher, trended higher, formed a white candle and closed above 7,700.  Oil closed +66 cents.  Breadth remained positive as advancers again led on both the NYSE and NASDAQ exchanges.  The VIX closed near recent lows at 14.32.  RUT 2,968 rose on Thursday.

Jobs Report Friday at 8:30 am ET, could give the market a catalyst to fluctuate.  Consensus is +55K nonfarm payrolls and a 4.2% unemployment rate.

SPX advancers: HOOD COIN PLTR NOW PFG AXON ORCL CRWD TSLA HPE DELL.
SPX decliners: CIEN TSN CHTR ALB CAG GIS KHC DOW BSX AVGO LYB.

CIEN -36.70, -10.36%, EPS $2.11 beats $1.73 estimate, sales $1.671B beat $1.633B estimate.
AVGO -10.08, -2.74%, EPS $3.32 beats $3.24 estimate, sales $13.088B miss $29.362B estimate.

SPCX closed at 149.74, +9.03, on volume of 120.9 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  As I have mentioned multiple times in our iBullyBear mentoring sessions, the market has been willing to absorb private shareholder selling since August 6.

SPY +8.01, +1.05%, average volume of 43.5 million shares, bounce continuation for a second day after a 13-day extended bull flag. 
VIX -0.88, 14.32 second lowest close since January. 
NDX +1.16% a bounce continuation white candle.
DJI, 53,686 +1.18%, closed above its 30 DMA.


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


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

The SPY MFC green line turned up at 76, price-action on Thursday, a bull flag bounce continuation and is short-term bullish. +0.8

Eight of eleven sectors were higher on Thursday. 


61 of 100 NDX stocks closed higher on Thursday.

41 NDX stocks are above their 30 DMA: AMGN, ADP, PAYX, REGN, INTU, ROP, ADBE, TRI, WDAY, ABNB, BKR, CPRT, DASH, DXCM, MSFT, CMCSA, CEG, LITE, NFLX, PLTR, WBD, GILD, SPCX, VRTX, MU, SNDK, KDP, MELI, MSTR, TSLA, SNPS, QCOM, NVDA, AAPL, TMUS, ALNY, FANG, META, AZN, CCEP, CRWD,

NDX Stocks to Watch on Friday
Moving Above 30 DMA = 3
AZN, CCEP, CRWD,


Moving Below 30 DMA = 3
KHC, PEP, SBUX,



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