SPX, RUT New All-time Closing Highs...NDX, DJI Closed Higher...After-hours: AMAT EPS Beats, Moves Lower...

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SPX +50.49, 7,798.99 an all-time new closing high.  Closed above 7,700 for an eighth day.  The SPX breakout last week joins DJI and RUT breakouts above June highs. 

RUT 3,052, anther new all-time closing high.

Breadth remained positive as advancers led on both the NYSE and the NASDAQ exchanges.

TPR -25.35, -16.49%, EPS $1.32 beats $1.28 estimate, sales $1.876B in line.

SPX advancers: WDAY SNDK GDDY CSGP TTD FISV FDXF WDC GPN INTU HPQ.

SPX decliners: TPR CSCO COHR LITE GLW MOS FCX ANET NEM ULTA MCK.

After-hours: AMAT -26.91, -5.03%, EPS $3.50 beats $3.40 estimate, sales $9.115B beat $8.991B estimate, an EPS beat with a negative reaction.

SPCX closed at 141.29, -3.33 on above average volume of 120.8 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  Absorbing insider/private selling does not mean the stock is not speculative, but it does mean there are more buyers than sellers and intelligent speculative buyers are speculating to make money.

SPY +0.70%, all-time closing high, below average volume of 35.6 million shares.

VIX +0.08, 14.63 second lowest close in three-months. 

NDX +1.15% bull flag bounce continuation.DJI, 53,839 +0.13%, bull flag setup.

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

Up: QQQ, SPY, IWM, DIA,

Down:

The SPY MFC green line is up at 92, price-action on Thursday, closed above horizontal resistance for an eighth day and is short-term bullish. +2.7

Eight of eleven sectors were higher on Thursday. 

69 of 100 NDX stocks closed higher on Thursday.

69 NDX stocks are above their 30 DMA: FAST, PCAR, AMGN, ADP, PAYX, PYPL, REGN, CTAS, INTU, ROST, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, COST, CPRT, DASH, DXCM, IDXX, MSFT, CMCSA, GEHC, AVGO, CEG, AMZN, CRWD, FTNT, MDB, ORLY, PANW, CRWV, LITE, NFLX, NVDA, PLTR, MPWR, WBD, ADI, AXON, GILD, RKLB, SNPS, SPCX, VRTX, FANG, ISRG, ASML, SBUX, TER, CCEP, LRCX, MU, MRVL, NBIS, STX, ARM, INTC, KDP, KLAC, MSTR, PEP, SNDK, TMUS,

NDX Stocks to Watch on Friday

Moving Above 30 DMA = 8

ARM, INTC, KDP, KLAC, MSTR, PEP, SNDK, TMUS,

Moving Below 30 DMA = 4

CSCO, FER, HON, PDD,

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RUT Closed at a new All-time Closing High...NDX, SPX Closed Higher...DJI Close Slightly Lower...After-hour: CBRS down on Negative EPS Reaction...

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SPX +20.30, 7,748, a bull flag bounce continuation after the CPI report was in line with the consensus forecast: Y/Y consensus Headline 3.4%, Core 2.5%.  Closed above 7,700 for a seventh day.  The SPX breakout last week joins DJI and RUT breakouts above June highs. 

RUT 3,045, a new all-time closing high.

Breadth remained positive as advancers led on both the NYSE and the NASDAQ exchanges.

SPX advancers: SMCI LITE CIEN DELL COHR HPE STX ANET TER SNDK ORCL.

SPX decliners: TPL COR FSLR AXON CHTR APP TPR IT UBER LULU BLDR.

After-hours: CBRS -43.53, -16.61%, on a negative EPS reaction.

SPCX closed at 146.15, +9.65% another great day on above average volume of 167.2 million shares. Newly traded private shares continue to be absorbed by buyers, which is positive.  Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  Having a great day does not mean the stock is not speculative, but it does mean there are more buyers than sellers and intelligent speculators are making money.

SPY +0.25%, bull flag bounce day, below average volume of 33.1 million shares.

VIX -0.73, 14.55 a three-month closing low. 

NDX +0.74% bull flag bounce continuation.

DJI, 53,770 -0.04%, bull flag setup.

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

Up: QQQ, IWM, SPY,

Down: DIA,

The SPY MFC green line turned up at 89.3, price-action on Wednesday, closed above horizontal resistance for a seventh day and is short-term bullish. +1.0

Eight of eleven sectors were higher on Wednesday. 

50 of 100 NDX stocks closed higher on Wednesday.

65 NDX stocks are above their 30 DMA: FAST, PCAR, AMGN, ADP, PAYX, PYPL, REGN, CTAS, PDD, INTU, ROST, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, COST, CPRT, DASH, DXCM, IDXX, MSFT, CMCSA, GEHC, AVGO, CEG, AMZN, CRWD, CSCO, FTNT, MDB, ORLY, PANW, CRWV, FER, LITE, NFLX, NVDA, PLTR, MPWR, WBD, ADI, AXON, GILD, RKLB, SNPS, SPCX, VRTX, FANG, ISRG, ASML, SBUX, TER, CCEP, HON, LRCX, MU, MRVL, NBIS, STX,  

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 7

CCEP, HON, LRCX, MU, MRVL, NBIS, STX,  

Moving Below 30 DMA = 2

MELI, TTWO,

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RUT Close Higher...DJI, SPX, NDX Close Lower...Breadth Turned Positive...VIX Remained Low...Afterhours: CRWV, SMCI Positive EPS Reaction...

© 2026

SPX -24.91, 7,728, a bull flag bounce pauses.  Closed above 7,700 for a sixth day.  The SPX breakout last Tuesday joins DJI and RUT breakouts above June highs. 

Breadth turned positive as advancers led on both the NYSE and the NASDAQ exchanges.

CPI Report is at 8:30 am ET Wednesday.  Y/Y consensus Headline 3.4%, Core 2.5%.

After-hours: CRWV and SMCI are higher.

SPX advancers: KKR AXON APD JBL MPC GNRC VRT BLDR SW TPL PSX.

SPX decliners: APP VTR DDOG HON WELL GOOGL DECK DELL ORCL ADBE HUM.

SPCX closed at 133.29, -3.93% above average volume of 108.6 million shares. Newly traded private shares were absorbed by the buyers again, which is positive.  Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12. 

SPY -0.32%, bull flag bounce pause day, below average volume of 39.2 million shares.

VIX -0.18, 15.28. 

NDX -0.33% bull flag bounce pause day.

DJI, 53,791 -0.34%, bull flag setup.

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

Up: IWM,

Down: DIA, SPY, QQQ,

The SPY MFC green line turned slightly down at 88.3, price-action on Tuesday, closed above horizontal resistance for a sixth day and is short-term bullish. -1.7

Four of eleven sectors were higher on Tuesday. 

54 of 100 NDX stocks closed higher on Tuesday.

60 NDX stocks are above their 30 DMA: FAST, PCAR, AMGN, ADP, PAYX, PYPL, REGN, CTAS, PDD, INTU, ROST, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, COST, CPRT, DASH, DXCM, IDXX, MSFT, CMCSA, GEHC, AVGO, CEG, AMZN, CRWD, CSCO, FTNT, MDB, ORLY, PANW, CRWV, FER, LITE, NFLX, NVDA, PLTR, MPWR, WBD, ADI, AXON, GILD, RKLB, SNPS, SPCX, TTWO, VRTX, FANG, ISRG, ASML, MELI, SBUX, TER,  

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 4

ASML, MELI, SBUX, TER,    

Moving Below 30 DMA = 5

CSX, DDOG, GOOGL, HON, MSTR,

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