SPX, DJI, RUT, NDX Closed Lower...Breadth Continued Negative...VIX and Oil Rose...CPI Report Friday BMO...

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SPX -44.66, 7,591 opened and closed lower, below its August 4 horizontal breakout level.  Before the open the PPI report was M/M 0.4% vs 0.4%, Y/Y 5.4% vs 5.3% consensus, Core M/M 0.2% vs 0.3%, Y/Y 4.6% vs 4.6% consensus.  CPI report is Friday 8:30 am EDT.

Oil /CL rose +7.26 its highest close, 103.93 since May 19.  Breadth remained negative as decliners led on both the NYSE and the NASDAQ exchanges.  The VIX rose again on Thursday and closed at 17.84, its highest close since July 29.  RUT 2,890 broke support on Thursday.

SPX advancers: SWKS RDDT ELV CHTR AAPL F APP GDDY GM TTWO APTV.

SPX decliners: COO BKR FCX HPE FDS LRCX VRT INTC LITE ORCL DELL.

SPY -4.57, -0.60%, on average volume of 42.7 million shares, close below short-term support. 

VIX +1.38, 17.84 closed higher for a fifth day.

NDX -1.08% closed lower.

DJI, 52,064 -0.60%, closed at its lowest close since July 29.

Up:

Down: SPY, DIA, IWM, QQQ,

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

SPCX closed at 148.18, +0.63, on volume of 118.5 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 can be willing to speculate on this company’s fundamental future. 

The SPY MFC green line turned down at 73.2, price-action on Thursday fell below multi-week support and is counter-trend defensive. -2.9

Two of eleven sectors were higher on Thursday. 

34 of 100 NDX stocks closed higher on Thursday.

23 NDX stocks are above their 30 DMA: CEG, LITE, WBD, GILD, SPCX, MU, SNDK, KDP, MSTR, TSLA, QCOM, NVDA, AAPL, ALNY, META, CRWD, AMD, INTC, NBIS, MRVL, STX, FANG, MELI,

NDX Stocks to Watch on Friday

Moving Above 30 DMA = 1

MELI,  

Moving Below 30 DMA = 11

ARM, ASML, BKR, CPRT, CRWV, LRCX, MSFT, PLTR, REGN, TER, WDC,

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NDX, RUT, SPX, DJI Closed Lower...VIX Rose...Breadth Weakened...Energy Sector Closed Higher, Technoloy Sector Unchanged...

© 2026

SPX -37.16, 7,636 opened and closed lower, below the low of the high day.  Oil /CL rose +.62 and closed above its July 23 high for a second day.  Breadth weakened as decliners led on both the NYSE and the NASDAQ exchanges.  Slow Mo, the Middle East, oil, gold, silver volatility continue to affect the SPX.

The VIX rose again on Wednesday and closed at 16.46.  RUT 2,960 pulled back on Tuesday.

SPX advancers: DDOG META FICO HPE HCA HPQ AKAM MRVL FFIV IBM TER.

SPX decliners: CASY VRT CHTR CMCSA COO PSKY IP FSLR SW DLTR FISV.

SPY -3.56, -0.46%, on below average volume of 32.7 million shares, close below the high of the low day. 

VIX +0.74, 16.46 closed higher for a fourth day, .

NDX -0.29% a doji pause day.

DJI, 52,380 -0.77%, closed at its lowest close since July 30.

Up:

Down: QQQ, SPY, DIA, IWM,

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

SPCX closed at 147.55, -5.92, on volume of 120.4 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12. 

The SPY MFC green line is up slightly at 76.1, price-action on Wednesday, is still above the low of low day Sept. 1 and is short-term bullish. +0.2.

One of eleven sectors was higher and XLK was unchanged on Wednesday. 

24 of 100 NDX stocks closed higher on Wednesday.

33 NDX stocks are above their 30 DMA: REGN, BKR, CPRT, MSFT, CEG, LITE, PLTR, WBD, GILD, SPCX, MU, SNDK, KDP, MSTR, TSLA, QCOM, NVDA, AAPL, ALNY, META, CRWD, AMD, CRWV, INTC, NBIS, LRCX, MRVL, STX, ARM, ASML, WDC, FANG, TER,

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 2

FANG, TER,

Moving Below 30 DMA = 6

AEP, CMCSA, KLAC, MELI, VRTX, TMUS,

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NDX, RUT, SPX, DJI Closed Lower...Oil Futures Rise...Breadth Weakened...VIX Closed Higher...SPCX Rose...

© 2026

SPX -45.08, 7,673 opened flat and closed lower, below the low of the high day.  Oil /CL rose 1.22 and closed above its July 23 high for a horizontal BO.  Breadth weakened as decliners led on both the NYSE and the NASDAQ exchanges.  Broad market rally has lost upward momentum over the past five weeks. 

The VIX rose on Friday, Monday, and Tuesday and closed at 15.72.  RUT 2,960 pulled back on Tuesday.

SPX advancers: LITE INTC HPE GLW COHR STX CIEN AMD TPL FCX TKO.

SPX decliners: HWM AMGN SYK GDDY EXPE IT BKNG BSX FIS STZ DLTR.

SPY -4.23, -0.55%, on slightly above average volume of 44.7 million shares, pull back below the low of the high day. 

VIX +0.42, 15.72 closed higher Friday, Monday, Tuesday. 

NDX -0.21% a pause day.

DJI, 52,786 -1.18%, closed below the low of the high day and its 30 DMA.

Up:

Down: QQQ, IWM, SPY, DIA,

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

SPCX closed at 153.47, +5.52, on volume of 85.6 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  As I have mentioned multiple times in our iBullyBear mentoring sessions, the market has been willing to absorb private shareholder selling since August 6.  In the end if buyers are greater than sellers the stock will rise.

The SPY MFC green line is down slightly at 75.9, price-action on Tuesday, is still above the high of low day Sept. 1 and is short-term bullish. -0.4.

Three of eleven sectors were higher on Tuesday. 

37 of 100 NDX stocks closed higher on Tuesday.

37 NDX stocks are above their 30 DMA: REGN, BKR, CPRT, MSFT, CMCSA, CEG, LITE, PLTR, WBD, GILD, SPCX, VRTX, MU, SNDK, KDP, MELI, MSTR, TSLA, QCOM, NVDA, AAPL, TMUS, ALNY, META, CRWD, AMD, CRWV, INTC, NBIS, LRCX, MRVL, STX, AEP, ARM, ASML, KLAC, WDC,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 5

AEP, ARM, ASML, KLAC, WDC,

Moving Below 30 DMA = 9

ABNB, ADP, ALAB, AMGN, DXCM, NFLX, ROP, TRI, WDAY,

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