SPX, DJI, RUT, NDX Closed Lower...SPX Pulled Back to New Support, Old Resistance...Breadth Weakened...DELL Up on Positive EPS Reaction..

© 2026

SPX -54.67, 7,631, made its lowest close in 21 days after reports of continuing conflict in the Middle East and rising oil prices.  The SPX formed a spinning top, close to average volume as it rallied from its low in the last 60 minutes.  Once again, SPX closed below 7,700. 

Breadth weakened as decliners led on the NYSE and NASDAQ exchanges.  The VIX closed visually higher.  RUT 2,920 fell on Tuesday.

SPX advancers: MRNA EIX PCG HPQ CF BG HWM DLTR ADM CVS CTVA.

SPX decliners: AXON CDNS IBKR CRWD DELL ODFL COIN CIEN SNPS DDOG.

After-hours: 

DELL +27.00, +6.35%, EPS $7.04 beats $4.91 estimate, sales $46.971B beat $44.953B estimate.

PANW -7.49, -2.07%, EPS $1.02 beats $0.98 estimate, sales $3.410B beat $3.352B estimate. 

SPCX closed at 142.23, -1.46, on volume of 53.6 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12. 

SPY -5.27, -0.69%, below average volume of 41 million shares, watch for a potential bounce above Tuesday’s high $764.67

VIX +1.42, 16.34 closed higher. 

NDX -1.29% a doji just above ST support.

DJI, 52,766 -0.79%, closed below its 30 DMA and just above ST support.

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

Up:

Down: SPY, DIA, IWM, QQQ,

The SPY MFC green line turned down at 75.5, price-action on Tuesday, closed below the high of the low day (August 20), remained above new support old HBO resistance, is a bull flag setup and is counter-trend defensive. -1.7

Four of eleven sectors were higher on Tuesday. 

20 of 100 NDX stocks closed higher on Tuesday.

45 NDX stocks are above their 30 DMA: AMGN, ADP, PAYX, REGN, INTU, ADSK, ROP, ADBE, TRI, WDAY, ABNB, BKR, CPRT, DASH, DXCM, MSFT, CMCSA, GEHC, CEG, MDB, LITE, NFLX, PLTR, WBD, GILD, SPCX, VRTX, MU, SNDK, KDP, MELI, MSTR, TSLA, SBUX, SNPS, QCOM, CRWD, FTNT, NVDA, PANW, AAPL, KHC, TMUS, ALNY, FANG,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 0

Moving Below 30 DMA = 5

AMZN, CCEP, CDNS, ISRG, PEP,

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QQQ Closed Higher...SPY, IWM, DIA Closed Lower...Breadth was Mixed...VIX Higher...

© 2026

SPX -25.62, 7,686, pulled back for a second day on Monday after reports of continuing conflict in the Middle East.  The SPX pulled back during the first 60 minutes of the day, moved sideways on light volume and then rallied in the last 60 minutes, formed a daily chart dragonfly doji and closed lower.  In a word, low volume grinding.  Closed below 7,700 for again. 

Breadth was mixed as decliners led on the NYSE and NASDAQ exchanges.  The VIX closed higher, but below its open.  RUT 2,956 fell on Monday.

SPX advancers: CRWD TSLA SNDK COIN SLB DE QCOM ULTA CF VEEV DG.

SPX decliners: EIX PCG AON HWM TTWO AXON CLX WYNN TAP UBER RCL.

SPCX closed at 143.69, +2.19, on volume of 62.9 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12. 

SPY -2.30, -0.30%, below average volume of 38.7 million shares.

VIX +0.49, 14.92 closed higher. 

NDX +0.08% a hammer day.

DJI, 53,185 -0.70%, pullback.

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

Up: QQQ,

Down: SPY, IWM, DIA,

The SPY MFC green line is up at 77.2, price-action on Monday, closed below the high of the low day (August 20), is a bull flag setup and is short-term bullish. +1.5

Two of eleven sectors were higher on Monday.  XLE, XLK.

43 of 100 NDX stocks closed higher on Monday.

50 NDX stocks are above their 30 DMA: AMGN, ADP, PAYX, REGN, INTU, ADSK, ROP, ADBE, TRI, WDAY, ABNB, BKR, CPRT, DASH, DXCM, MSFT, CMCSA, GEHC, CEG, MDB, LITE, NFLX, PLTR, WBD, GILD, SPCX, VRTX, MU, SNDK, KDP, PEP, MELI, MSTR, TSLA, SBUX, SNPS, CDNS, QCOM, CRWD, FTNT, NVDA, PANW, AAPL, AMZN, CCEP, ISRG, KHC, TMUS, ALNY, FANG,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 2

ALNY, FANG,

Moving Below 30 DMA = 6

AXON, BKNG, CSX, FAST, GOOGL, MRVL,

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"Trends Matter Most"...DJI, SPX, NDX, RUT Closed Lower...Breadth Weakens Slightly...VIX Closed Slightly Lower...

© 2026

iBullyBear has been teaching over the past nine years and emphasizing in our morning sessions the past two weeks that: Trend is the most important factor in every trade!

Fed Chairman Kevin Warsh, today in his Jack Hole Symposium speech shared seven principles that guide his thinking on the appropriate conduct of monetary policy.  Sharing his first principle he said: “Trends matter most.”

Each morning, we review: Trade what you see. Trend direction. Trend strength.

What do we know?  SPX, DJI, RUT are in three-month uptrends.  NDX is in a three-month sideways trend.

SPX -19.23, 7,711, bull flag bounce paused on Friday.  Closed above 7,700 for a second day since August 19.  Breadth weakened as decliners led on the NYSE and NASDAQ exchanges.  The VIX made its second lowest close in 7 months.  RUT 2,972 pulled back on Friday.

SPX advancers: SOLS WDAY DPZ LULU NOW SLB AMZN CHTR BG EXPE EBAY.

SPX decliners: PYPL MRVL PCG GNRC LITE COIN COHR CIEN LRCX HOOD Q.

SPCX closed at 141.50, +0.63, on volume of 55 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12. 

SPY -1.75, -0.23%, below average volume of 36.7 million shares.

VIX -0.08, 14.43 second lowest close in 7 months. 

NDX -0.70% a bull flag bounce pause day.

DJI, 53,559 -0.02%, flag bounce pause day, red spinning top.

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

Up:

Down: DIA, SPY, QQQ, IWM,

The SPY MFC green line is up at 75.7, price-action on Friday, paused and remained above the high of the low day (August 20), a bull flag bounce pause day and is short-term bullish. +1.4

Five of eleven sectors were higher on Friday. 

43 of 100 NDX stocks closed higher on Friday.

54 NDX stocks are above their 30 DMA: AMGN, ADP, PAYX, REGN, INTU, ADSK, ROP, ADBE, BKNG, FAST, TRI, WDAY, ABNB, BKR, CPRT, DASH, DXCM, MSFT, CMCSA, GEHC, CEG, MDB, LITE, NFLX, PLTR, WBD, AXON, GILD, SPCX, VRTX, MU, MRVL, SNDK, KDP, PEP, CSX, MELI, MSTR, TSLA, SBUX, SNPS, CDNS, QCOM, CRWD, FTNT, NVDA, PANW, AAPL, AMZN, CCEP, GOOGL, ISRG, KHC, TMUS,   

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 7

AAPL, AMZN, CCEP, GOOGL, ISRG, KHC, TMUS,   

Moving Below 30 DMA = 6

CRWV, FANG, LRCX, MDLZ, NBIS, PYPL,

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