DJI, RUT, SPX, NDX Closed Lower...Breadth Weakened...VIX Rose...Middle East Lacked Clarity...

 

© 2026

SPX -114.75, 6,477 made at its lowest close in six months.   Breadth weakened and was negative as decliners led on both the NYSE and Nasdaq exchanges.  A lack of clarity on both the Middle East and the future range of potential oil prices continued to offer market makers an excuse to drop bids as SPX on below average volume, hit its lowest level in six months. 

Following the March 6, 2026, statement from the U.S. President on “unconditional surrender” the Iranian President responded that the comment was a “dream” that U.S. leaders should “take to their graves.” This week’s Middle East actions suggest continued lack of clarity.

NVDA -7.44, -4.16%, fell on 186.1 million shares. 

MU +1.76, +0.50%, formed a bullish harami inverted hammer.  March 24, GOOGL introduced its TurboQuant algorithm, which may lead to lower memory requirements for LLM’s.

SPX advancers: ETR BF/B CPB HAL APA TAP LYB CIEN DOW SATS XOM CF.

SPX decliners: DDOG MRNA COIN NCLH ABNB ALGN HOOD PANW CRWD GPN.

SPY traded above average volume of 103.6 million shares.

VIX +3.61, 31.05, 

NDX -1.93%, closed at a six-month low.

DJI, 45,166, -1.73%, made a new six-month low.

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

Up:

Down: DIA, IWM, SPY, QQQ,

The SPY MFC green line turned down at 12.4, price-action closed below six-month support, made a 6-month closing low and is short-term bearish. -1.1. 

Three of eleven sectors (14.9%) were higher on Friday led by XLE, XLP and XLU. 

17 of 100 NDX stocks closed higher on Friday.

11 NDX stocks are above their 30 DMA: FANG, ROST, NLFX, MRVL, ARM, EA, AMD, BKR, AMD, BKR, CSCO,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 10

ABNB, ALNY, DDOG, INSM, INTU, LIN, PAYX, PLTR, PYPL, ROP,

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DJI, RUT, SPX, NDX Closed Lower...SPX Below Average Volume...Breadth Weakened...VIX Rose...

© 2026

SPX -114.75, 6,477 made at its lowest close in six months.   Breadth weakened and was negative as decliners led on both the NYSE and Nasdaq exchanges.  A lack of clarity on both the Middle East, including the Strait of Hormuz and the future range of potential oil prices, seemed to give market makers an excuse to drop bids as the SPX finished with its largest decline this month on below average volume. 

NVDA -7.44, -4.16%, fell on 186.1 million shares. 

MU -26.63, -6.97%, formed a red candle and made its lowest close in over two months.  GOOGL introduced its TurboQuant algorithm this week, which some believe may lead to lower memory requirements for LLM’s.

SPX advancers: BF/B VLO BBY IT OXY DINO APA CF COP FANG ERIE EOG MPC.

SPX decliners: LITE CIEN SNDK COHR APP LRCX ANET LEE VRT AMAT STX.

SPY traded average volume of 96.5 million shares.

VIX +2.11, 27.44, 

NDX -2.38%, closed at a six-month low.

DJI, 45,960, -1.01%, closed above the HOLD and above 4-month support area for a third day.

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

Up:

Down: DIA, IWM, SPY, QQQ,

The SPY MFC green line turned down at 13.5, price-action closed below six-month support, made a 6-month closing low and is short-term bearish. -2.1. 

Three of eleven sectors (8.3%) were higher on Thursday led by XLE, XLU and XLRE. 

33 of 100 NDX stocks closed higher on Thursday.

21 NDX stocks are above their 30 DMA: FANG, ROST, NLFX, PLTR, DDOG, INTU, MRVL, ABNB, ARM, EA, AMD, BKR, AMD, BKR, CSCO, ALNY, INSM, LIN, PYPL, ROP, PAYX,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 1

PAYX,

Moving Below 30 DMA = 9

AMAT, AMZN, INTC, KLAC, LRCX, MSTR, PDD, STX, WDC,

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RUT, NDX, DJI, SPX Closed Higher...Breadth Strengthened...VIX Fell...SMCI, HPE Leads SPX...AMD Leads Chip Stocks...

© 2026

SPX +35.53, 6,591 closed above its 4-month support.   Breadth strengthened and turned positive as advancers led on both the NYSE and Nasdaq exchanges.  There continues to be a lack of clarity on both the Middle East, including the Strait of Hormuz and the future range of potential oil prices. Most observations are speculation since no one knows the future. 

NVDA +3.51, +2.00%, rose on 162.2 million shares. 

MU -13.44, -3.40%, formed a doji in a bull flag pullback.  GOOGL introduced its TurboQuant algorithm, which may lead to lower memory requirements for LLM’s.

SPX advancers: SMCI HPE SATS AMD INTC SOLS HOOD FICO VRSN MRNA CRL.

SPX decliners: VRSK PODD SNDK MU BRO FIS LITE VLO CME STX PANW LRCX.

SPY traded average volume of 90.5 million shares.

VIX -1.60, 25.35, 

NDX +0.67%, closed in a 5-day trading range that is above 4-month support.

DJI, 46,429, +0.66%, closed above the HOLD and above 4-month support area for a third day.

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

Up: IWM, QQQ, DIA, SPY,

Down:

The SPY MFC green line turned up at 15.6, price-action closed 13 cents above Friday’s high, the low day, and above four-month support and is short-term bearish. +4.5. 

Nine of eleven sectors (94.8%) were higher on Wednesday led by XLB, XLV and XLY. 

66 of 100 NDX stocks closed higher on Wednesday.

29 NDX stocks are above their 30 DMA: FANG, ROST, NLFX, PLTR, DDOG, INTU, MRVL, MSTR, ABNB, ARM, WDC, KLAC, STX, EA, AMAT, AMD, BKR, LRCX, AMD, BKR, CSCO, ALNY, AMZN, INSM, INTC, LIN, PDD, PYPL, ROP,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 8

ALNY, AMZN, INSM, INTC, LIN, PDD, PYPL, ROP,

Moving Below 30 DMA = 1

BKNG,

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