SPX, NDX, RUT, DJI Closed Lower...After-hours: AKAM, ABNB Positive Reaction...

 

© 2026

SPX -13.59, 7,709, pulled back for a second day, remained above Tuesday’s S-1 level and above horizontal resistance.  Closed above 7,700 for a third day.  Closed just 27 points below Tuesday’s all-time closing high.  The SPX breakout joins DJI and RUT breakouts above June highs. 

Breadth remained negative as decliners led on both the NYSE and the NASDAQ exchanges.

SPX advancers: MSI PH LDOS PTC ALB APA FOXA PODD OXY LYB ALL.

SPX decliners: APP DDOG AXON WDC VTRS HST TPL SNDK TTD XYZ FICO.

more to follow...

SPCX closed at 114.92, +6.14% above average (87.4 million) volume of 255.17 million shares as lock-up expired on 911.5 million shares. Newly traded private shares were absorbed by the buyers, which is positive.  Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  

SPY -0.16%, two-day bull flag above Tuesday’s S-1, below average volume of 38.4 million shares.

VIX -0.66, 15.15, second lowest close in three months  

NDX -0.39% two-day bull flag in a channel bounce pause.

DJI, 53,885 -0.85%, bearish engulfing pattern, one-day pullback.

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

Up:

Down: SPY, QQQ, IWM, DIA,

The SPY MFC green line is up at 86.4, price-action paused on Thursday, closed above horizontal resistance for a third day and is short-term bullish. +6.4

Three of eleven sectors were higher on Thursday led by XLE, XLC and XLV. 

43 of 100 NDX stocks closed higher on Thursday.

56 NDX stocks are above their 30 DMA: EA, FAST, PCAR, CCEP, AMGN, CSX, ADP, MELI, PAYX, PYPL, REGN, CTAS, PDD, INTU, ROST, HON, ODFL, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, COST, CPRT, DASH, DXCM, IDXX, MSFT, CMCSA, GEHC, AVGO, CEG, AMZN, CRWD, CSCO, FTNT, GOOGL, MDB, ORLY, PANW, CRWV, FER, LITE, NFLX, NVDA, PLTR, MSTR, SBUX, TER, MPWR,

NDX Stocks to Watch on Friday

Moving Above 30 DMA = 1

WBD,

Moving Below 30 DMA = 5

AXON, DDOG, GILD, KHC, NBIS,

Add Comments here:

DJI Closed at 54,349, an All-time Closing Higher as SPX, RUT, NDX Pause after a Four-day Rally...After-hours: SNDK, WDC Fall...

© 2026

SPX -12.97, 7,723, paused and pulled back above horizontal resistance after a strong four-day rally and closed above 7,700 for a second day, closing just below Tuesday’s all-time closing high.  The SPX breakout joins the previous DJI and RUT breakouts above June highs. 

DJIA closed at 54,349, a new all-time closing high.

Breadth weakened as decliners led on both the NYSE and the NASDAQ exchanges.

SPX advancers: CRL IFF AIZ NEM BKNG MCK LLY MAR AMGN CNC PSKY.

SPX decliners: PODD DVA CDW AMD EOG DINO SNDK WDC UBER CVS SBAC.

After-hours: Reports suggesting that SNDK and WDC guidance weren’t strong enough.  

SNDK -107.50, -7.96%, EPS $39.25 beats $34.45 estimate, sales $8.965B beat $8.394B estimate.

WDC -61.17, -11.78%, EPS $3.56 beats $3.29 estimate, sales $3.747B beat $3.692B estimate.

___________________________________________________________________

Day 17 Q2 Earnings season:

Thursday BMO: BDX, CEG, COP, DDOG, EVRG, FISV, FOXA, HWM, KDP, KVUE, PH, RL, SRE, TAP, TRGP, VRTS, WBD, ZTS.

Thursday AMC: ABNB, AFL, AIG, AKAM, ED, GEN MCHP, MNST, RMD, RSG, TTD.

____________________________________________________________________

SPCX, closed at 108.27, -13.61% earning after the close Tuesday $(0.09) beats $(0.24) estimate, sales $7.814B beat $6.934B estimate, but included an increase in AI spending. Private shares lock-up expire on August 6 with at least 911.5 million shares becoming free to trade.  Our view is that SPCX, with no earnings, is an overvalued speculation.  IPO at 135 on June 12. 

SPY -0.20%, a pause day after a four-day advance, below average volume of 44.6 million shares.

VIX -0.69, 15.81,  

NDX -0.83% formed a dark cloud cover in a channel bounce pause.

DJI, 54,349 +0.49%, an all-time closing high.

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

Up: DIA,

Down: SPY, IWM, QQQ,

The SPY MFC green line is up at 80, price-action paused on Wednesday, closed above horizontal resistance for a second day and is short-term bullish. +15.4

Five of eleven sectors were higher on Wednesday led by XLV, XLB and XLY. 

37 of 100 NDX stocks closed higher on Wednesday.

60 NDX stocks are above their 30 DMA: EA, FAST, PCAR, CCEP, AMGN, CSX, KHC, ADP, MELI, PAYX, PYPL, REGN, CTAS, GILD, PDD, INTU, ROST, HON, ODFL, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, AXON. BKR, COST, CPRT, DASH, DDOG, DXCM, IDXX, MSFT, CMCSA, GEHC, AVGO, CEG, AMZN, CRWD, CSCO, FTNT, GOOGL, MDB, ORLY, PANW, CRWV, FER, LITE, NFLX, NVDA, PLTR, MSTR, NBIS, SBUX, TER, MPWR,

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 1

MPWR,  

Moving Below 30 DMA = 2

ALAB, FANG,

Add Comments here:

DJIA, SPX, RUT Make All-time Closing Highs, NDX Closed Higher...Technology Led Sectors...After-hours: AMD, SPCX Negative EPS Reactions...

 

© 2026

SPX +136.02, 7,736, broke above horizontal resistance and closed above 7,700 for the first time at a new all-time closing high.  SPX breakout joins the previous DJI and RUT breakouts above June highs. 

DJIA closed at 54,085, a new all-time closing high.

Breadth was positive as advancers led on both the NYSE and the NASDAQ exchanges. 

SPX advancers: PLTR ZBRA IT MRVL COHR SNDK INTC SMCI TER LDOS GLW.

SPX decliners: APTV NRG CMG VST ARE ROK GWW PLD FANG RVTY HUM.

After-hours: 

ANET +20.99, +10.02%, EPS $1.02 beats $0.89 estimate, sales $3.036B beat $2.818B estimate.

AMD -45.64, -8.80%, EPS $1.66 beats $1.61 estimate, sales $11.536B beat $11.284B estimate.

SPCX -9.35, -7.46%, $(0.09) beats $(0.24) estimate, sales $7.814B beat $6.934B estimate.

___________________________________________________________________

Day 16 Q2 Earnings season:

Wednesday BMO: CDW, COR, CPAY CRL, CVS, DIS, GPN, IRM, KHC, LLY, NI, PODD, PSX, UBER, ZBH,

Wednesday AMC: ALB, ALL, APA, APP, ATO, AXON, CF, CPAY, DASH, EBAY, EXPE, HST, MCK, MET, MSI, NWSA, O, OXY, SNDK, SOLV, STE, TPL, WDC, XYZ

____________________________________________________________________

SpaceX, SPCX, closed at 125.33, +9.43% formed a white candle.  First EPS today AMC.  Private shares lock-up expire on August 6 with at least 911.5 million shares becoming free to trade.  Our view is that SPCX, with no earnings, is an overvalued speculation.  IPO at 135 on June 12. 

SPY +1.42%, above average volume of 59.9 million shares.

VIX +.64, 16.50, a trader that hedges against large SPX exposure and wants to hedge the potential for a BO test would buy put options.

NDX +3.32% formed another white candle in a channel bounce continuation.

DJI, 54,085 +1.71%, an all-time closing high.

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

Up: QQQ, IWM, SPY, DIA,

Down:

The SPY MFC green line is up at 64.6, price-action broke out, closed above horizontal resistance and is short-term bullish. +9.7

Seven of eleven sectors were higher on Tuesday led by XLK, XLB and XLI. 

82 of 100 NDX stocks closed higher on Tuesday.

61 NDX stocks are above their 30 DMA: EA, FAST, PCAR, CCEP, AMGN, CSX, KHC, ADP, MELI, PAYX, PYPL, REGN, CTAS, GILD, PDD, FANG, INTU, ROST, HON, ODFL, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, AXON. BKR, COST, CPRT, DASH, DDOG, DXCM, IDXX, MSFT, CMCSA, GEHC, AVGO, CEG, AMZN, CRWD, CSCO, FTNT, GOOGL, MDB, ORLY, PANW, CRWV, FER, LITE, NFLX, NVDA, PLTR, ALAB, MSTR, NBIS, SBUX, TER,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 5

ALAB, MSTR, NBIS, SBUX, TER,

Moving Below 30 DMA = 2

PEP, TTWO,

Add Comments here: