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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,
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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