Thursday, May 7, 2026

NDX, SPX, DJI, RUT Close Lower...Breadth Weakened...VIX Fell...Two Sectors Rose...


© 2026

SPX -28.01, 7,337, opened slightly higher after positive earnings reactions from DDOG, FTNT, AXON and pulled back to Wednesday’s S-1 level.  Breadth weakened as decliners led on both the NYSE and NASDAQ exchanges. 

SPX advancers: DDOG FTNT AXON VTRS CRWD PTC TECH PANW WDAY APP.
SPX decliners: ZTS TPR TER COHR CIEN GEV JBL NRG IFF LITE.

___________________________________________________________________
EPS season Day 17:   DDOG FTNT AXON VTRS PTC APP HWM BDX GWW ALB EVRG DASH TRGP KVUE closed higher on a positive EPS reaction.  ZTS TPR COHR APA TPL O VST EPAM SATS SRE ES MET ATO TKO CF WBD MCD HST CRL closed lower after a negative EPS reaction. 

ABNB AKAM COIN CPAY ED EXPE GEN GILD MCHP MCK MNST MSI MTD NWSA RSG TTD WYNN XYZ reported after the close on Thursday.  Two stocks report Friday morning BMO: FIS PPL.

130 SPX companies reported this week.
___________________________________________________________________

NVDA +3.67, +1.77%, formed a white candle on 168.3 million shares, a re-break out from its Oct 2025 closing high.
MU -19.96, -2.99%, formed a potential shooting star candle pattern.

SPY -0.31%, reached an all-time intra-day high and then formed small red spinning top on below average volume of 50.9 million shares.
VIX -0.31, 17.08
NDX -0.12% formed a small red spinning top.
DJI, 49,596, -0.63% formed a dark cloud cover candle moving below horizontal resistance.


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


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

The SPY MFC green line is sideways at 96.4, price-action is short-term bullish. -0.6 

Two of eleven sectors (21.3%) were higher on Thursday led by XLC, XLY and XLK


44 of 100 NDX stocks closed higher on Thursday.

63 NDX stocks are above their 30 DMA: ROST, MRVL, ARM, AMD, CSX, FAST, AMZN, INTC, KLAC, MPWR, STX, WDC, CSCO, ADI, MCHP, TXN, AMAT, AVGO, GOOGL, LRCX, MELI, AAPL, MU, NVDA, NXPI, SBUX, MNST, ABNB, CDNS, QCOM, SNPS, DASH, MSFT, MSTR, TTWO, APP, DDOG, PANW, CRWD, FTNT, KDP, CEG, TSLA, ADBE, KHC, MDLZ, ADP, TRI, ORLY, XEL, ADSK, MDB, ZS, ASML, FER, CPRT, IDXX, PDD, PEP,

NDX Stocks to Watch on Friday
Moving Above 30 DMA = 5
AXON, COST, INTU, PAYX, WDAY,


Moving Below 30 DMA = 6
BKR, CCEP, FANG, GILD, LIN, MAR,



Add Comments here:

Wednesday, May 6, 2026

NDX, RUT, SPX New All-time Closing High...DJI Closed Higher...Breadth Remains Positive as Advancers Led on NYSE and NASDAQ...


© 2026


Our iBullyBear Mentoring account once again hit a new all-time Net Liq high today on strength in SOXL, AMUU, DELL, TSM and AMD along with more than ten 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.


SPX +105.90, 7,365, opened higher after strong earnings from AMD, SMCI, UBER, DIS and closed at a new all-time high.  Breadth remained positive as advancers led on both the NYSE and NASDAQ exchanges. 

SPX advancers: SMCI DVA AMD DOC IFF GLW JBL DELL RCL UBER LRCX.
SPX decliners: CDW COR TECH ANET SWKS PODD CTRA DVN APA J.

___________________________________________________________________
EPS season Day 17:   SMCI DVA AMD DOC IFF UBER CVS DIS EMR AMCR LYV SOLV KHC MAR GPN closed higher on a positive EPS reaction.  CDW COR TECH ANET SWKS PODD DVN J TRMB OXY LITE EOG JKHY NRG CTVA EXC SOLS AEE NI JCI EA AIZ PRU closed lower after a negative EPS reaction. 

AXON PTC WBD APP DASH FTNT O TKO COHR ALB ES TPL MET HST ATO APA CF reported after the close on Wednesday.  16 stocks report Thursday morning BMO: BDX CRL DDOG EPAM EVRG GWW HWM KVUE MCD SATS SRE TPR TRGP VST VTRS ZTS.

130 SPX companies report this week.
___________________________________________________________________


NVDA +11.33, +5.77%, formed a large white candle closing above the high of the low day after a six-day pullback on 187.4 million shares.
MU +26.39, +4.12%, closed at a new all-time high.

SPY all-time new closing high on below average volume of 53.1 million shares.
VIX +0.01, 17.39
NDX +2.08% hit an all-time closing high.
DJI, 49,910, +1.24% move above Tuesday’s bullish harami candle moving closer to horizontal resistance breakout.


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


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

The SPY MFC green line is higher at 97, price-action is short-term bullish. +0.8. 

Nine of eleven sectors (94.3%) were higher on Wednesday led by XLK, XLI and XLB


64 of 100 NDX stocks closed higher on Wednesday.

65 NDX stocks are above their 30 DMA: ROST, MRVL, ARM, AMD, CSX, FAST, AMZN, INTC, KLAC, MPWR, STX, WDC, CSCO, ADI, MCHP, TXN, AMAT, AVGO, GOOGL, LRCX, MELI, AAPL, MU, NVDA, NXPI, SBUX, MNST, ABNB, CDNS, QCOM, SNPS, DASH, MSFT, MSTR, TTWO, APP, DDOG, PANW, CRWD, FTNT, FANG, BKR, KDP, CEG, TSLA, ADBE, KHC, MDLZ, ADP, TRI, ORLY, XEL, ADSK, MDB, ZS, ASML, FER, LIN, MAR, CCEP, CPRT, GILD, IDXX, PDD, PEP,

NDX Stocks to Watch on Wednesday
Moving Above 30 DMA = 6
CCEP, CPRT, GILD, IDXX, PDD, PEP,


Moving Below 30 DMA = 6
AEP, COST, PAYX, ROP, VRSK, WDAY,



Add Comments here:

Tuesday, May 5, 2026

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


© 2026


SPX +58.47, 7,259, opened higher and closed at a new all-time high.  Breadth turned positive as advancers led on both the NYSE and NASDAQ exchanges.  VIX volatility fell as the broad market rallied on Tuesday. 

SPX advancers: WAT INTC SNDK AKAM MU QCOM IQV EXPD ROK DD CRL.
SPX decliners: HII FISV POOL APTV LDOS PYPL PLTR BALL CHTR PSKY.

___________________________________________________________________
EPS season Day 16:   WAT IQV EXPD ROK DD RVTY ADM TDG HSIC MPC CMI AEP IT WMB closed higher on a positive EPS reaction.  HII FISV APTV LDOS PLTR BALL PSKY FANG ETN KKR VRTX SEC closed lower after a negative EPS reaction. 

AMD SMCI DVA J AIZ IFF CTVA PRU SOLV EMR DOC SWKS EA LYV EOG AEE DVN LITE JKHY OXY ANET reported after the close on Tuesday and 18 stocks report Wednesday morning with 17 more after the close.

130 SPX companies report this week.
___________________________________________________________________

NVDA +.03, +0.02, formed a spinning top in a five-day bull flag pattern on 125.3 million shares.
MU +63.75, +11.06%, closed at a new all-time high.

SPY all-time new closing high on below average volume of 36.9 million shares.
VIX -0.91, 17.38
NDX +1.31% hit an intraday high before closing slightly lower.
DJI, 49,298, +0.73% bounced on Tuesday, formed a bullish harami candle.


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


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

The SPY MFC green line is slightly higher at 96.2, price-action is short-term bullish. +0.6. 

Ten of eleven sectors (91.1%) were higher on Tuesday led by XLK, XLB and XLI


64 of 100 NDX stocks closed higher on Tuesday.

65 NDX stocks are above their 30 DMA: ROST, MRVL, ARM, AMD, CSX, FAST, AMZN, INTC, KLAC, MPWR, STX, WDC, CSCO, ADI, MCHP, TXN, AMAT, AVGO, GOOGL, LRCX, MELI, AAPL, MU, NVDA, NXPI, SBUX, MNST, ABNB, CDNS, QCOM, SNPS, DASH, MSFT, MSTR, TTWO, APP, DDOG, PANW, CRWD, FTNT, FANG, BKR, KDP, AEP, CEG, TSLA, ADBE, KHC, MDLZ, ADP, COST, PAYX, TRI, ORLY, XEL, ADSK, MDB, WDAY, ZS, ASML, FER, LIN, MAR, ROP, VRSK,

NDX Stocks to Watch on Wednesday
Moving Above 30 DMA = 6
ASML, FER, LIN, MAR, ROP, VRSK,  


Moving Below 30 DMA = 4
CPRT, INTU, PLTR, PYPL,



Add Comments here: