Monday, March 9, 2026

NDX, SPX, RUT, DJI Rise Form Bullish Engulfing Candles, Breadth Strengthened, Mixed...VIX Fell, Formed Dark Cloud Cover...


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SPX +55.97, 6,795, opened lower formed a bullish engulfing candle and closed higher.   Breadth strengthened as decliners shrank but still led on the NYSE and advancers led on the Nasdaq exchange. COST +7.20, +0.72%, in a post-EPS channel bounce.

NVDA +4.83, +2.72%, rose on 176.7 million shares.

SPX leaders: SNDK, TER, CIEN, WDC, KLAC, LYV, MRNA, STX, LRCX, AMD, GEV.
SPX decliners: PSKY, DINO, AJG, CHTR, BR, T, VLO, BRO, EXPE, GPC, CSCO.

SPY traded above average volume of 102.4 million shares on Monday.
VIX -3.99, 25.50, opened higher reversed lower. 
NDX +1.32%, formed a bullish engulfing candle, closed above short-term support.
DJI, 47,009, +.50%, formed a hammer/bullish engulfing candle that closed above support.


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


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

The SPY MFC green line is pointed down at 37.7, price-action closed above Friday’s high and three-month support and is short-term bullish. -0.7

Nine of eleven sectors were higher on Monday led by XLK, XLV and XLI. 


67 of 100 NDX stocks closed higher on Monday.

43 NDX stocks are above their 30 DMA: ODFL, BKNG, CMCSA, LIN, AEP, AMGN, FANG, CCEP, ROST, TMUS, XEL, CTAS, EXC, CEG, SBUX, ABNB, AXON, NLFX, FAST, VRSK, ADSK, CDNS, FTNT, PLTR, TRI, APP, PYPL, ROP, ADBE, AVGO, BKNG, CRWD, DDOG, INTU, KHC, PANW, PAYX, COST, MRVL, HON, MSTR, REGN, TTWO,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 4
HON, MSTR, REGN, TTWO,


Moving Below 30 DMA = 1
CHTR,  



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Friday, March 6, 2026

DJI, SPX, NDX, RUT Closed Lower...Breadth Weakened...VIX 10-Month High...COST Positive EPS Reaction...


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SPX -90.69, 6,740, opened lower closed lower.   Breadth weakened as decliners led on the NYSE and Nasdaq exchanges. COST +15.53, +1.58%, formed a bullish engulfing candle following a quarterly EPS and Sales beat.

NVDA -5.52, -3.01%fell on 189 million shares.

SPX leaders: BA, KR, NOW, BR, INTU, BG, CPB, PLTR, RTX, JKHY, DDOG, WDAY.
SPX decliners: TER, GLW, ODFL, BLK, LRCX, SNDK, GNRC, MU, ON, AMAT.

SPY traded above average volume of 100.7 million shares on Friday.
VIX +5.74, 29.49, its highest close in ten months. 
NDX -1.51%, traded in a range and formed a spinning top that closed above short-term support.
DJI, 47,009, -0.95%, opened and closed lower and formed a hammer on Friday.


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


Up:  
Down: DIA, SPY, QQQ, IWM,

The SPY MFC green line is pointed down at 38.4, price-action closed above three-month support and is short-term defensive. -7.3

Two of eleven sectors were higher on Friday led by XLP, XLE and XLU. 


34 of 100 NDX stocks closed higher on Friday.

40 NDX stocks are above their 30 DMA: ODFL, BKNG, CMCSA, LIN, AEP, AMGN, FANG, CCEP, ROST, CHTR, TMUS, XEL, CTAS, EXC, CEG, SBUX, ABNB, AXON, NLFX, FAST, VRSK, ADSK, CDNS, FTNT, PLTR, TRI, APP, PYPL, ROP, ADBE, AVGO, BKNG, CRWD, DDOG, INTU, KHC, PANW, PAYX, COST, MRVL,

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2
COST, MRVL,


Moving Below 30 DMA = 9
AMAT, AMZN, ARM, AZN, BKR, CSCO, CSX, HON, MSTR,



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Thursday, March 5, 2026

NDX, SPX, DJI, RUT Closed Lower in Sideways Trend...Breadth Weakened...AVGO Moves Higher as CIEN Moves Lower after EPS...

 
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SPX -38.79, 6,830, opened lower closed lower.   Breadth weakened as decliners led on the NYSE and Nasdaq exchanges. AVGO +15.24, +4.80%, rose today after a quarterly EPS and Sales beatCIEN -44.25, -12.88%, after a quarterly EPS and Sales beat before the open.

NVDA +0.30, +0.16%, rose on volume of 198.77 million shares.

After hours: COST -2.28, -0.23%, on a quarterly EPS and Sales beat.

SPX leaders: TTD, EXPE, BKNG, LYB, INTU, NOW, APP, KR, GDDY AVGO, CRWD.
SPX decliners: CIEN, GLW, LUV, MRNA, UPS, SNDK, MHK, KEYS, PM, UAL, FCX.

SPY traded above average volume of 106.6 million shares on Thursday.
VIX +2.60, 23.75
NDX -0.29%, traded in a range and formed a spinning top that closed above the high of the low day.
DJI, 47,954, -1.61%, opened and closed lower on Thursday.

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

Up:  
Down: QQQ, SPY, DIA, IWM,

The SPY MFC green line is pointed down at 45.7, price-action closed just below the high of the low and is short-term defensive. -4.0

Three of eleven sectors, (47%), were higher on Thursday led by XLE, XLK and XLY. 


42 of 100 NDX stocks closed higher on Thursday.

47 NDX stocks are above their 30 DMA: ODFL, BKNG, CMCSA, LIN, HON, BKR, AEP, AMGN, FANG, CSX, CCEP, ROST, CHTR, TMUS, XEL, AZN, CTAS, AMAT, ARM, EXC, CEG, SBUX, ABNB, AXON, NLFX, FAST, VRSK, ADSK, CDNS, FTNT, PLTR, TRI, APP, CSCO, MSTR, PYPL, ROP, ADBE, AMZN, AVGO, BKNG, CRWD, DDOG, INTU, KHC, PANW, PAYX,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 10
ADBE, AMZN, AVGO, BKNG, CRWD, DDOG, INTU, KHC, PANW, PAYX,

Moving Below 30 DMA = 13
ADI, COST, DXCM, EA, GILD, ISRG, KDP, MAR, META, PEP, REGN, TTWO, VRTX,



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