Friday, February 6, 2026

RUT, DJI, NDX, SPX Closed Higher Reversing Thursday's Decline as VIX Falls -4.01...Technology Sector +4%...


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SPX +133.90, 6,932, opened lower, reversed and closed higher for one of the largest gains on an expiration Friday in four years. The SPX retraced Thursday’s selloff plus 50 points.  Breadth strengthened as advancers increased 135% on the NYSE exchange and 240% on the NASDAQ exchange.  

AMZN -12.37, -5.55%, a negative earnings reaction. 


SPX leaders: HOOD, COIN, SMCI, TER, UAL, WDC, BIIB, KLAC, APP, GLW LRCX AMD.
SPX decliners: MOH, VRSN, NWSA, FSLR, BR, DVA, AMZN, CNC, ALL, VRSK.


SPY traded above average volume of 89.1 million shares on Friday.
VIX -4.01, at 17.76
NDX +2.15%, close above the high of the low day on Thursday, channel bounce.
DJI, 50,115, +2.47%, an all-time closing high, and the first close above 50,000.


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


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

The SPY MFC green line is pointed down at 55.1, price-action moved above the high of the low day and is short-term bullish. -2.1 

Ten of eleven sectors were higher on Friday led by XLK, XLI and XLB.  Technology +4.06% led all sectors.


77 of 100 NDX stocks closed higher on Friday.

49 NDX stocks are above their 30 DMA: MNST, PCAR, ADI, WDC, TXN, ODFL, BKNG, MCHP, CMCSA, LIN, HON, LRCX, MU, ASML, INTC, MPWR, STX, BKR, SBUX, COST, FAST, AEP, MDLZ, AMGN, GILD, FANG, FER, CSX, META, CSCO, PEP, CCEP, ROST, CHTR, TMUS, MAR, KDP, KHC, XEL, AZN, CTAS, REGN, AMAT, ARM, EXC, CPRT, FTNT, KLAC, VRTX,

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 4
CPRT, FTNT, KLAC, VRTX,


Moving Below 30 DMA = 1
GOOGL,



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Thursday, February 5, 2026

DJI, SPX, NDX Closed Lower after GOOGL Earnings Reaction...VIX Jumps...After-hours: AMZN Miss EPS by 2 cents, Sales Beat...Futures Lower...


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SPX -84.32, 6,798, opened lower, trended lower 57 points lower.  Breadth weakened as decliners increased 61% on the NYSE exchange and 26% on the NASDAQ exchange.  

GOOGL -0.54% on slightly negative earnings reaction after a revenue and earnings beat reported after the close on Wednesday. 

After-hours: AMZN -24.44, -10.97% EPS 2 cent miss 1.95 vs. 1.97 est., sales $213.386B beat $211.304B est., a $2.082B sales beat.


SPX leaders: MCK, CPAY, TPR, CAH, HSY, ALGN, COR, EFX, DVA.
SPX decliners: EL, COIN, CMI, IQV, HII, HOOD, CRWD, CCI, CRL, SMCI, QCOM LLY.


SPY traded above average volume of 113.1 million shares on Thursday.
VIX +3.13, at 21.77
NDX -1.38%, close below Dec 17 support.
DJI, 49,240, -1.20%, close below Wednesday’s low, in-range Tuesday’s high/low.


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


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

The SPY MFC green line is pointed down at 57.2, price-action penetrates short-term support and is defensive. -15.6 

One of eleven sectors was higher on Thursday led by XLU, XLP and XLC. 


32 of 100 NDX stocks closed higher on Thursday.

46 NDX stocks are above their 30 DMA: MNST, PCAR, ADI, WDC, TXN, ODFL, BKNG, MCHP, CMCSA, LIN, HON, LRCX, MU, ASML, GOOGL, INTC, MPWR, STX, BKR, SBUX, COST, FAST, AEP, MDLZ, AMGN, GILD, FANG, FER, CSX, META, CSCO, PEP, CCEP, ROST, CHTR, TMUS, MAR, KDP, KHC, XEL, AZN, CTAS, REGN, AMAT, ARM, EXC,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
AMAT, ARM, EXC,


Moving Below 30 DMA = 5
CPRT, DXCM, FTNT, ORLY, VRTX,



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Wednesday, February 4, 2026

SPX, NDX Closed Lower, DJI Closed Higher...AMD Led Tech Stocks Lower on a Negative EPS Reaction...


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SPX -35.09, 6,882, opened flat, trended lower afternoon rally of 40 points reduced draw-down on Wednesday.  Breadth remained negative but advancers increased on the NYSE exchange.

AMD -17.31% on negative earnings reaction after revenue and earnings beat. 

SPX leaders: SMCI, FTV, LLY, ODFL, CDW, SW, AMGN, AMCR, MGM, J, URI, LYB.
SPX decliners: BSX, AMD, APP, SNDK, PLTR, APH, MU, LRCX, COR, HOOD, WDC.

SPY traded above average volume of 105.2 million shares on Wednesday.
VIX +0.64, at 18.64
NDX -1.77%, close below 3-week support.
DJI, 49,240, +0.53%, white spinning top.


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


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

The SPY MFC green line turned down at 72.8, and the in-range price-action is short-term bullish. -9 

Seven of eleven sectors were higher on Wednesday led by XLB, XLE and XLRE. 


51 of 100 NDX stocks closed higher on Wednesday.

48 NDX stocks are above their 30 DMA: MNST, PCAR, ADI, WDC, TXN, DXCM, ODFL, BKNG, MCHP, CMCSA, LIN, HON, LRCX, MU, ASML, GOOGL, INTC, MPWR, STX, BKR, SBUX, COST, FAST, AEP, MDLZ, ORLY, AMGN, GILD, FANG, FER, VRTX, CSX, META, CSCO, PEP, CCEP, ROST, CHTR, TMUS, MAR, KDP, KHC, XEL, AZN, CPRT, CTAS, FTNT, REGN,

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 5
AZN, CPRT, CTAS, FTNT, REGN,


Moving Below 30 DMA = 4
AMAT, AMD, AMZN, EXC,



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