Friday, March 20, 2026

DJI, SPX, NDX, RUT Closed Lower as SPX Makes Six Month Low...Breadth Weakened...


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SPX -100.01, 6,506 closed again below its 6-month support.   Breadth weakened and remained negative as decliners increased and led on both the NYSE and Nasdaq exchanges.  Ten sectors were lower.  

NVDA -5.86, -3.28%, fell on 241.3 million shares.  Thursday was the final day of its annual conference GTC 2026.

MU -21.31, -4.81%, day after EPS $12.20 beat 9.21 est., Sales $23.86B beat 19.93 estimate, raised guidance, increased dividend.  More than 22 analysts raised price targets between $40 and $350.  Daiwa raised PT to $700, and HSBC raised its PT to $750.

SPX advancers: MRSH APA AON TTD AJG PSKY HUM T GEN WDAY OXY MS.
SPX decliners: SMCI VST CEG MOS NRG SOLS SNDK WDC CIEN GLW STX.

SPY traded above average volume of 163.6 million shares.
VIX +2.72, 26.78
NDX -1.88%, closed at 4-month support.
DJI, 45,577, -0.96%, again closed below 4-month support.


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


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

The SPY MFC green line is pointed up at 13.4, price-action closed below its six-month support and is short-term bearish. +1.0. 

One of eleven sectors (12.5%) was higher on Friday led by XLF, XLE and XLC


22 of 100 NDX stocks closed higher on Friday.

27 NDX stocks are above their 30 DMA: BKNG, FANG, ROST, TMUS, AXON, NLFX, VRSK, ADSK, PLTR, APP, DDOG, INTU, PANW, MRVL, MSTR, LIN, MU, ROP, ABNB, ARM, WDC, BKNG, KLAC, STX, EA, AMAT, AMD, BKR, INTC, LRCX,

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



Moving Below 30 DMA = 7
AMD, BKR, CEG, CRWD, FTNT, INTC, PYPL,



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Thursday, March 19, 2026

RUT Closed Higher...SPX, NDX, DJI Closed Lower...Breadth Strengthened, Remained Negative...MU Negative EPS Reaction on EPS Beat...

 
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SPX -18.21, 6,606 closed again below its 3-month support.   Breadth strengthened but remained negative as decliners led on both the NYSE and Nasdaq exchanges.  Eight sectors were lower.   

NVDA -1.84, -1.02%, fell on 170.5 million shares.  Thursday was the final day of its annual conference GTC 2026.

MU -17.46, -3.78%, reported EPS $12.20 beat 9.21 est., Sales $23.86B beat 19.93 estimate, raised guidance, increased dividend.  More than 22 analysts raised price targets between $40 and $350.  Daiwa raised PT to $700, and HSBC raised its PT to $750.

SPX leaders: CIEN STX BKR SLB DELL CAN LRCX APA WDC SBUX PSX CCL.
SPX decliners: FICO NEM MOS IP MOH ES SW MU HWM DASH TSN MHK FCX.

SPY traded above average volume of 111.2 million shares.
VIX -1.03, 24.06
NDX -0.29%, closed below 4-month support.
DJI, 46,021, -0.44%, again closed below 3-month support.


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


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

The SPY MFC green line turned up at 12.4, price-action closed below its three-month support and is short-term bearish. -0.1. 

Three of eleven sectors (48.4%) were higher on Thursday led by XLE, XLK and XLF


44 of 100 NDX stocks closed higher on Thursday.

34 NDX stocks are above their 30 DMA: BKNG, FANG, ROST, TMUS, CEG, AXON, NLFX, VRSK, ADSK, FTNT, PLTR, APP, CRWD, DDOG, INTU, PANW, MRVL, MSTR, LIN, MU, PYPL, ROP, ABNB, ARM, WDC, BKNG, KLAC, STX, EA, AMAT, AMD, BKR, INTC, LRCX,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 5
AMAT, AMD, BKR, INTC, LRCX,


Moving Below 30 DMA = 2
AEP, EXC,



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Wednesday, March 18, 2026

NDX, SPX, RUT, DJI Closed Lower...Breadth Weakened...VIX Rose...After hour: MU Lower after BIG EPS Beat...


© 2026


SPX -91.39, 6,624 closed below its 3-month support.   Breadth weakened and turned negative as decliners led on both the NYSE and Nasdaq exchanges.  All sectors were lower.

NVDA -1.29, -0.70%, fell on 182.1 million shares.  Tuesday was the second day of its annual conference GTC 2026.

After hours: MU -23.24, -5.04%, reported EPS $12.20 beat 9.21 est., Sales $23.86B beat 19.93 estimate.


SPX leaders: LYB SNDK CIEN LULU VST CNC MOH CEG AKAM NRG CF DINO.
SPX decliners: OTIS CHTR TTD APH ABBV CMG SBUX CMCSA DPZ FCX.


SPY traded below average volume of 82.0 million shares.
VIX +2.72, 25.09
NDX -1.43%, closed below 4-month support.
DJI, 46,225, -1.63%, closed below 3-month support.


Mega caps NVDA, GOOGL, META, LLY, TSLA, BRK/B, AVGO, AAPL, TSM, MSFT, AMZN fell on Wednesday.


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

The SPY MFC green line is pointed down at 12.3, price-action closed below its three-month support and is short-term bearish. -7.7

All eleven sectors (100%) were lower on Wednesday led by XLE, XLI and XLU


18 of 100 NDX stocks closed higher on Wednesday.

31 NDX stocks are above their 30 DMA: BKNG, AEP, FANG, ROST, TMUS, EXC, CEG, AXON, NLFX, VRSK, ADSK, FTNT, PLTR, APP, CRWD, DDOG, INTU, PANW, MRVL, MSTR, LIN, MU, PYPL, ROP, ABNB, ARM, WDC, BKNG, KLAC, STX, EA,

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
EA,


Moving Below 30 DMA = 9
AMAT, AMZN, CDNS, COST, PDD, SBUX, TRI, TTWO, XEL,



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