RUT, DJI, SPX, NDX Closed Higher...SPX Bull Flag Bounce...Breadth Strengthened...VIX Closed Lower...

© 2026

SPX +35.13, 7,666, opened higher, formed a white candle, closed above the high of the low day in an extended bull flag pattern as oil prices traded in a range and closed down 5 cents.  Once again, SPX closed below 7,700. 

Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges.  The VIX closed lower.  RUT 2,953 rose on Wednesday.

SPX advancers: DELL RDDT CHTR SWKS XYZ STLD TTD BBY NUE PYPL TKO.

SPX decliners: PANW DDOG EIX PLTR CRWD PCG OMC FTNT CBOE NOW LDOS.

After-hours: 

SNOW +70.76, +23.14%, EPS $0.62 beats $0.45 estimate, sales $1.547B beat $1.482B estimate.

AVGO -3.01, -0.82%, EPS $3.32 beats $3.24 estimate, sales $13.088B miss $29.362B estimate.

SPCX closed at 140.71, -1.52, on volume of 49.9 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12. 

SPY +3.38, +0.44%, below average volume of 29.5 million shares, it did bounce above the high of the low day.  Watch for price to stay above Tuesday’s low of $759.48.

VIX -1.14, 15.20 reversed yesterday’s bounce. 

NDX +0.23% a small bullish engulfing.

DJI, 53,061 +0.56%, closed just below its 30 DMA and above ST support.

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

Up: IWM, DIA, SPY, QQQ,

Down:

The SPY MFC green line is flat at 75.2, price-action on Wednesday, closed above the high of the low day, a bull flag bounce and is short-term bullish. -0.3

Nine of eleven sectors were higher on Wednesday. 

54 of 100 NDX stocks closed higher on Wednesday.

41 NDX stocks are above their 30 DMA: AMGN, ADP, PAYX, REGN, INTU, ROP, ADBE, TRI, WDAY, ABNB, BKR, CPRT, DASH, DXCM, MSFT, CMCSA, CEG, LITE, NFLX, PLTR, WBD, GILD, SPCX, VRTX, MU, SNDK, KDP, MELI, MSTR, TSLA, SBUX, SNPS, QCOM, NVDA, AAPL, KHC, TMUS, ALNY, FANG,

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 2

META, PEP,

Moving Below 30 DMA = 6

ADSK, CRWD, FTNT, GEHC, MDB, PANW,

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SPX, DJI, RUT, NDX Closed Lower...SPX Pulled Back to New Support, Old Resistance...Breadth Weakened...DELL Up on Positive EPS Reaction..

© 2026

SPX -54.67, 7,631, made its lowest close in 21 days after reports of continuing conflict in the Middle East and rising oil prices.  The SPX formed a spinning top, close to average volume as it rallied from its low in the last 60 minutes.  Once again, SPX closed below 7,700. 

Breadth weakened as decliners led on the NYSE and NASDAQ exchanges.  The VIX closed visually higher.  RUT 2,920 fell on Tuesday.

SPX advancers: MRNA EIX PCG HPQ CF BG HWM DLTR ADM CVS CTVA.

SPX decliners: AXON CDNS IBKR CRWD DELL ODFL COIN CIEN SNPS DDOG.

After-hours: 

DELL +27.00, +6.35%, EPS $7.04 beats $4.91 estimate, sales $46.971B beat $44.953B estimate.

PANW -7.49, -2.07%, EPS $1.02 beats $0.98 estimate, sales $3.410B beat $3.352B estimate. 

SPCX closed at 142.23, -1.46, on volume of 53.6 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12. 

SPY -5.27, -0.69%, below average volume of 41 million shares, watch for a potential bounce above Tuesday’s high $764.67

VIX +1.42, 16.34 closed higher. 

NDX -1.29% a doji just above ST support.

DJI, 52,766 -0.79%, closed below its 30 DMA and just above ST support.

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

Up:

Down: SPY, DIA, IWM, QQQ,

The SPY MFC green line turned down at 75.5, price-action on Tuesday, closed below the high of the low day (August 20), remained above new support old HBO resistance, is a bull flag setup and is counter-trend defensive. -1.7

Four of eleven sectors were higher on Tuesday. 

20 of 100 NDX stocks closed higher on Tuesday.

45 NDX stocks are above their 30 DMA: AMGN, ADP, PAYX, REGN, INTU, ADSK, ROP, ADBE, TRI, WDAY, ABNB, BKR, CPRT, DASH, DXCM, MSFT, CMCSA, GEHC, CEG, MDB, LITE, NFLX, PLTR, WBD, GILD, SPCX, VRTX, MU, SNDK, KDP, MELI, MSTR, TSLA, SBUX, SNPS, QCOM, CRWD, FTNT, NVDA, PANW, AAPL, KHC, TMUS, ALNY, FANG,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 0

Moving Below 30 DMA = 5

AMZN, CCEP, CDNS, ISRG, PEP,

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QQQ Closed Higher...SPY, IWM, DIA Closed Lower...Breadth was Mixed...VIX Higher...

© 2026

SPX -25.62, 7,686, pulled back for a second day on Monday after reports of continuing conflict in the Middle East.  The SPX pulled back during the first 60 minutes of the day, moved sideways on light volume and then rallied in the last 60 minutes, formed a daily chart dragonfly doji and closed lower.  In a word, low volume grinding.  Closed below 7,700 for again. 

Breadth was mixed as decliners led on the NYSE and NASDAQ exchanges.  The VIX closed higher, but below its open.  RUT 2,956 fell on Monday.

SPX advancers: CRWD TSLA SNDK COIN SLB DE QCOM ULTA CF VEEV DG.

SPX decliners: EIX PCG AON HWM TTWO AXON CLX WYNN TAP UBER RCL.

SPCX closed at 143.69, +2.19, on volume of 62.9 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12. 

SPY -2.30, -0.30%, below average volume of 38.7 million shares.

VIX +0.49, 14.92 closed higher. 

NDX +0.08% a hammer day.

DJI, 53,185 -0.70%, pullback.

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

Up: QQQ,

Down: SPY, IWM, DIA,

The SPY MFC green line is up at 77.2, price-action on Monday, closed below the high of the low day (August 20), is a bull flag setup and is short-term bullish. +1.5

Two of eleven sectors were higher on Monday.  XLE, XLK.

43 of 100 NDX stocks closed higher on Monday.

50 NDX stocks are above their 30 DMA: AMGN, ADP, PAYX, REGN, INTU, ADSK, ROP, ADBE, TRI, WDAY, ABNB, BKR, CPRT, DASH, DXCM, MSFT, CMCSA, GEHC, CEG, MDB, LITE, NFLX, PLTR, WBD, GILD, SPCX, VRTX, MU, SNDK, KDP, PEP, MELI, MSTR, TSLA, SBUX, SNPS, CDNS, QCOM, CRWD, FTNT, NVDA, PANW, AAPL, AMZN, CCEP, ISRG, KHC, TMUS, ALNY, FANG,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 2

ALNY, FANG,

Moving Below 30 DMA = 6

AXON, BKNG, CSX, FAST, GOOGL, MRVL,

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