DJI, SPX, NDX, RUT Closed Lower...Oil Rose, Breadth Weakened on Weakness in Technology Stocks and Mega Caps...Cyber Software Rose on Strength in PANW, CRWD, FTNT...

© 2026

Our iBullyBear Mentoring account paused today and closed with its second highest Net Liq on strength in CRWD, META, PLTR and several other gainers on Wednesday.  If you are not employing a systematic approach to decision-making in the face of uncertainty and you want to improve your skills contact us through the iBullyBear link above.

Stay Focused on the trend.  Don’t be distracted by price fluctuations or subjective opinions.

SPX -58.61, 7,706 a pullback day that stayed above Monday’s S1 level. Breadth weakened as decliners led on both the NYSE and the NASDAQ exchanges.  A rise in oil prices along with a pullback in technology stocks and mega-caps contributed to the pullback in the broad market.

RUT 2,838 fell -51.25. Oil /CL rose +2.86 and closed at 92.71.  

SPX advancers: PANW CRWD VEEV PLTR APA IR ILMN NOW ZBRA FTNT DVN.

SPX decliners: PAYX EXPE ABNB TPL BKNG MCD FSLR BBY APP UAL GEN.

SPY -5.57, -0.72%, above average volume of 54.8 million shares, pullback day. 

VIX +0.97, 15.18 rose.

NDX -0.84% pulled back from horizontal resistance at its June high.

DJI, 51,511 -0.68%, a red candle pullback day.

Up:

Down: DIA, SPY, QQQ, IWM,

Mega caps META, BRK/B, MSFT, TSLA rose, and AAPL, TSM, NVDA, AMD, LLY, MU, AMZN, AVGO, GOOGL fell on Wednesday.  AMD remained above a $1T market cap for a third day.

SPCX closed at 151.85, -6.36, volume of 60.3 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  In the end if buyers are greater than sellers the stock will rise.  People seem to be willing to speculate on this company’s fundamental future. 

The SPY MFC green line is up at 61.1, price-action on Tuesday is a pullback day and is short-term bullish. +9.3

One of eleven sectors was higher on Wednesday. 

40 of 100 NDX stocks closed higher on Wednesday.

47 NDX stocks are above their 30 DMA: GILD, SPCX, MSTR, TSLA, QCOM, AAPL, META, AMD, INTC, AZN, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, MU, NXPI, SNDK, ADI, ALAB, NBIS, NVDA, STX, TER, TXN, ALNY, APP, DDOG, MPWR, MSFT, RKLB, WBD, ASML, MAR, MDB, KLAC, LRCX, MCHP, SNPS, WDC,

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 5

AMAT, CDNS, FAST, KDP, ROST,     

Moving Below 30 DMA = 2

DXCM, GOOGL,

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NDX, RUT Closed Higher...SPX, DJI Closed Lower...Breadth was Mixed...Institutions Continue Selective Buying...

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Our iBullyBear Mentoring account once again hit a new all-time Net Liq high today on strength in LITE, MU, NET, AAPL, AMUU and several other gainers on Tuesday.  If you are not employing a systematic approach to decision-making in the face of uncertainty and you want to improve your skills contact us through the iBullyBear link above.

Stay Focused on the trend.  Don’t be distracted by price fluctuations or subjective opinions.

SPX -0.06, 7,7664 a trading range pause day on Tuesday.  Breadth was mixed as advancers led on the NASDAQ exchange.  A drop in oil prices along with buying in select technology stocks and mega-caps added some stability to broad markets.

RUT 2,889 bounced +14.56. Oil /CL fell -2.12 and closed at 89.85.  

SPX advancers: SNDK LEN MRNA MU STX TER ALGN AMGN MTD EL SWK.

SPX decliners: GEN GDDY RCL SCHW ALL CHTR DELL ADBE CSCO AMP DGX.

SPY -0.12, -0.22%, below average volume of 34.7 million shares, pause day. 

VIX -0.66, 14.21 closed down.

NDX +0.82% made a new intra-day and closing high, is a horizontal breakout setup at its June high.

DJI, 51,863 -0.36%, a red candle pause day.

Up: QQQ, IWM,

Down: SPY, DIA,

Mega caps MU, TSM, AMD, TSLA, NVDA, AVGO, LLY, BRK/B, AAPL rose, and META, MSFT GOOGL AMZN fell on Tuesday.  AMD remained above a $1T market cap and we are adding it to our mega cap list and dropping WMT which fell below $1T market cap on its last earnings release and has yet to recover.

SPCX closed at 151.85, +2.87, volume of 59 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  In the end if buyers are greater than sellers the stock will rise.  People seem to be willing to speculate on this company’s fundamental future. 

The SPY MFC green line is up at 51.8, price-action on Tuesday is a BO pause day and is short-term bullish. +10.3

Six of eleven sectors were higher on Tuesday. 

72 of 100 NDX stocks closed higher on Tuesday.

44 NDX stocks are above their 30 DMA: GILD, SPCX, MSTR, TSLA, QCOM, AAPL, META, AMD, INTC, AZN, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, GOOGL, MU, NXPI, SNDK, ADI, ALAB, DXCM, NBIS, NVDA, STX, TER, TXN, ALNY, APP, DDOG, MPWR, MSFT, RKLB, WBD, ASML, MAR, MDB, KLAC, LRCX, MCHP, SNPS, WDC,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 8

ASML, MAR, MDB, KLAC, LRCX, MCHP, SNPS, WDC,    

Moving Below 30 DMA = 0

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To iBullyBear members, 

Due to personal family circumstances Tuesday sessions have been cancelled.  Our text service, is still not functioning this morning, we have again communicated with their Support team and as of this moment the issue has not been resolved. We are using the blog as a backup communication tool.  Additional information is on the iBullyBear website.  We apologize for any inconvenience this morning.

FYI: Positions in AMD, SNDK, LITE, DELL, MU, META, AAPL, NET did target out.  We did roll up & out AMD, LITE, DELL, META, AAPL and added CIEN.

Dave Johnson

NDX, SPX, DJI, RUT Closed Higher...SPX New All-time Closing High...Breadth Strengthened...

© 2026

Our iBullyBear Mentoring account once again hit a new all-time Net Liq high on strength in AMD, SNDK, NET, LITE DELL and several other gainers on Monday.  If you are not employing a systematic approach to decision-making in the face of uncertainty and you want to improve your skills contact us through the iBullyBear link above.

Stay Focused on the trend.  Don’t be distracted by price fluctuations or subjective opinions. Even Kevin Warsh in explaining seven important principles for the Fed said “Trends matter most.”

SPX +114.20, 7,7664 a bounce continuation on Monday as the SPX makes a new all-time closing high by 1.52 points.  Breadth strengthened as advancers led on both the NYSE and the NASDAQ exchanges.  A drop in oil prices along selective buying in technology stocks, mega-caps and SPX leaders led to capital flowing into specific stocks like INTC, AMD, META, ARM, ALAB, MRVL and RKLB.

RUT 2,875 bounced +14.23. Oil /CL fell -3.50 and closed at 91.97.  

SPX advancers: AKAM MRNA INTC META WBD AMD QCOM GDDY APP DDOG.

SPX decliners: MHK DINO MPC VLO UPS HPQ PSX CHTR UNP CF COP.

SPY 11.81, +1.55%, above average volume of 50.4 million shares, led to its second highest close. 

VIX +0.06, 14.87 closed up.

NDX +2.83% nearing a multi-month horizontal breakout of its all-time high in June.

DJI, 52,048 +0.71%, a white hammer candle closed above the high of the following day.

Up: QQQ, SPY, DIA, IWM,

Down:

Mega caps META, TSLA, MU, TSM, NVDA, AMZN, MSFT, GOOGL, AVGO, LLY, AAPL, WMT rose, and BRK/B fell on Monday.  AMD reached $1.004T market cap for the very first time on Monday.

SPCX closed at 151.85, -0.86, volume of 81.9 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  In the end if buyers are greater than sellers the stock will rise.  People seem to be willing to speculate on this company’s fundamental future. 

The SPY MFC green line turned up at 41.5 price-action on Monday closed above its 30 DMA and is short-term bullish. +1.7

Seven of eleven sectors were higher on Monday.  XLC +3.90% and XLK +2.89% led all sectors.

78 of 100 NDX stocks closed higher on Monday.

36 NDX stocks are above their 30 DMA: GILD, SPCX, MSTR, TSLA, QCOM, AAPL, META, AMD, INTC, AZN, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, GOOGL, MU, NXPI, SNDK, ADI, ALAB, DXCM, NBIS, NVDA, STX, TER, TXN, ALNY, APP, DDOG, MPWR, MSFT, RKLB, WBD,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 7

ALNY, APP, DDOG, MPWR, MSFT, RKLB, WBD,   

Moving Below 30 DMA = 1

WDAY,

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 To iBullyBear members, 

Due to personal family circumstances Monday sessions have been cancelled.  Our text service is not funcitioning and as of this moment the issue has not been resolved with the texting service, although we are striving to reach members.  We apologize for any inconvenience this morning.

Dave Johnson