Friday, March 6, 2026

DJI, SPX, NDX, RUT Closed Lower...Breadth Weakened...VIX 10-Month High...COST Positive EPS Reaction...


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SPX -90.69, 6,740, opened lower closed lower.   Breadth weakened as decliners led on the NYSE and Nasdaq exchanges. COST +15.53, +1.58%, formed a bullish engulfing candle following a quarterly EPS and Sales beat.

NVDA -5.52, -3.01%, rose on 189 million shares.

SPX leaders: BA, KR, NOW, BR, INTU, BG, CPB, PLTR, RTX, JKHY, DDOG, WDAY.
SPX decliners: TER, GLW, ODFL, BLK, LRCX, SNDK, GNRC, MU, ON, AMAT.

SPY traded above average volume of 100.7 million shares on Friday.
VIX +5.74, 29.49, its highest close in ten months. 
NDX -1.51%, traded in a range and formed a spinning top that closed above short-term support.
DJI, 47,954, -0.95%, opened and closed lower and formed a hammer on Friday.


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


Up:  
Down: DIA, SPY, QQQ, IWM,

The SPY MFC green line is pointed down at 38.4, price-action closed above three-month support and is short-term defensive. -7.3

Two of eleven sectors were higher on Friday led by XLP, XLE and XLU. 


34 of 100 NDX stocks closed higher on Friday.

40 NDX stocks are above their 30 DMA: ODFL, BKNG, CMCSA, LIN, AEP, AMGN, FANG, CCEP, ROST, CHTR, TMUS, XEL, CTAS, EXC, CEG, SBUX, ABNB, AXON, NLFX, FAST, VRSK, ADSK, CDNS, FTNT, PLTR, TRI, APP, PYPL, ROP, ADBE, AVGO, BKNG, CRWD, DDOG, INTU, KHC, PANW, PAYX, COST, MRVL,

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2
COST, MRVL,


Moving Below 30 DMA = 9
AMAT, AMZN, ARM, AZN, BKR, CSCO, CSX, HON, MSTR,



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Thursday, March 5, 2026

NDX, SPX, DJI, RUT Closed Lower in Sideways Trend...Breadth Weakened...AVGO Moves Higher as CIEN Moves Lower after EPS...

 
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SPX -38.79, 6,830, opened lower closed lower.   Breadth weakened as decliners led on the NYSE and Nasdaq exchanges. AVGO +15.24, +4.80%, rose today after a quarterly EPS and Sales beatCIEN -44.25, -12.88%, after a quarterly EPS and Sales beat before the open.

NVDA +0.30, +0.16%, rose on volume of 198.77 million shares.

After hours: COST -2.28, -0.23%, on a quarterly EPS and Sales beat.

SPX leaders: TTD, EXPE, BKNG, LYB, INTU, NOW, APP, KR, GDDY AVGO, CRWD.
SPX decliners: CIEN, GLW, LUV, MRNA, UPS, SNDK, MHK, KEYS, PM, UAL, FCX.

SPY traded above average volume of 106.6 million shares on Thursday.
VIX +2.60, 23.75
NDX -0.29%, traded in a range and formed a spinning top that closed above the high of the low day.
DJI, 47,954, -1.61%, opened and closed lower on Thursday.

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

Up:  
Down: QQQ, SPY, DIA, IWM,

The SPY MFC green line is pointed down at 45.7, price-action closed just below the high of the low and is short-term defensive. -4.0

Three of eleven sectors, (47%), were higher on Thursday led by XLE, XLK and XLY. 


42 of 100 NDX stocks closed higher on Thursday.

47 NDX stocks are above their 30 DMA: ODFL, BKNG, CMCSA, LIN, HON, BKR, AEP, AMGN, FANG, CSX, CCEP, ROST, CHTR, TMUS, XEL, AZN, CTAS, AMAT, ARM, EXC, CEG, SBUX, ABNB, AXON, NLFX, FAST, VRSK, ADSK, CDNS, FTNT, PLTR, TRI, APP, CSCO, MSTR, PYPL, ROP, ADBE, AMZN, AVGO, BKNG, CRWD, DDOG, INTU, KHC, PANW, PAYX,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 10
ADBE, AMZN, AVGO, BKNG, CRWD, DDOG, INTU, KHC, PANW, PAYX,

Moving Below 30 DMA = 13
ADI, COST, DXCM, EA, GILD, ISRG, KDP, MAR, META, PEP, REGN, TTWO, VRTX,



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Wednesday, March 4, 2026

NDX, RUT, SPX, DJI Closed Higher...Breadth Strengthened...After hours: AVGO +4% on EPS Beat...


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SPX +52.87, 6,869, opened and closed above Tuesday’s high in a channel bounce.   Breadth strengthened as advancers led on the NYSE and Nasdaq exchanges and 90% of sectors were higher. CRWD +4.15% rose today after an EPS and Sales beat after the close on Tuesday.  AVGO, COST and CIEN report EPS this week.

NVDA +2.99, +1.66%, rose on volume of 177 million shares and contributed just over 8 SPX points to today’s advance.

After hours: AVGO +15.17, +4.78%, on a quarterly EPS and Sales beat.


SPX leaders: MRNA, COIN, APP, TTD, ANET, HOOD, ROST, LYB, SMCI, SNDK, MU.
SPX decliners: BF/B, RCL, ROK, CPB, ROL, DRI, SWKS, PSKY, WRB, CLX, STZ.


SPY traded average volume of 79 million shares on Wednesday.
VIX -2.42, 21.15
NDX +1.51%, bounced and closed above the high of the low day in a channel bounce.
DJI, 48,739, +0.49%, bounced and closed above Tuesday’s dragonfly doji.


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


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


The SPY MFC green line is pointed down at 49.7, price-action closed above the high of the low days on February 5 and Tuesday March 3 and is short-term bullish. -4.7

Eight of eleven sectors, (90.2%), were higher on Wednesday led by XLK, XLY and XLC. 


73 of 100 NDX stocks closed higher on Wednesday.

50 NDX stocks are above their 30 DMA: ADI, ODFL, BKNG, CMCSA, LIN, HON, BKR, COST, AEP, AMGN, GILD, FANG, CSX, PEP, CCEP, ROST, CHTR, TMUS, KDP, XEL, AZN, CTAS, AMAT, ARM, EXC, VRTX, DXCM, CEG, SBUX, ABNB, AXON, NLFX, FAST, VRSK, ADSK, CDNS, FTNT, MAR, PLTR, TRI, TTWO, APP, CSCO, EA, ISRG, META, MSTR, PYPL, REGN, ROP,

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 9
APP, CSCO, EA, ISRG, META, MSTR, PYPL, REGN, ROP,


Moving Below 30 DMA = 7
KHC, WBD,


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