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...


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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.

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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.
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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,



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Tuesday, May 5, 2026

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


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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.

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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.
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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,



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Monday, May 4, 2026

NDX, SPX, RUT, DJI Closed Lower...VIX Closed Higher...


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SPX -29.37 7,200, pulled back in a one-day bull flag.  Breadth turned negative  as decliners led on both the NYSE and NASDAQ exchanges.  VIX volatility increased as the broad market paused on Monday.  The Middle East conflict continues to be source of volatility as Iran continues to attack its neighbors.

SPX advancers: TSN MU COIN SNDK EBAY ORCL APA DDOG CEG MRNA TTWO.
SPX decliners: UPS FDX CHRW NCLH ODFL L AMD EXPD MHK QCOM SWK.

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EPS season Day 15:   TSN closed higher on a positive EPS reaction.  PNW BRK/B L NCLH closed lower after a negative EPS reaction. 

CTRA FANG ON PLTR PSKY VRTX WMB reported after the close on Monday and 26 stocks report Tuesday morning with 21 more after the close.

130 SPX companies report this week.
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NVDA +.03, +0.02, formed a spinning top in a five-day bull flag pattern on 125.3 million shares.
MU +34.24, +6.31%, closed at a new all-time high.

SPY one-day bull flag pullback on below average volume of 51.9 million shares.
VIX +1.30 18.29
NDX -0.21% hit an intraday high before closing slightly lower.
DJI, 48,941, -1.13% moved lower on Monday.


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


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

The SPY MFC green line is pointed slightly lower at 95.6, price-action is short-term bullish. -1.3. 

Two of eleven sectors (36.4%) were higher on Monday led by XLE, XLK and XLV


41 of 100 NDX stocks closed higher on Monday.

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, PYPL, 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, CPRT, MDB, PLTR, WDAY, ZS, INTU,

NDX Stocks to Watch on Tuesday
Moving Above 30 DMA = 1
INTU,  


Moving Below 30 DMA = 7
ASML, FER, LIN, MAR, ODFL, PEP, ROP,



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