Monday, July 13, 2026

DJI, SPX, RUT, NDX Close Lower...Breadth Weakened...VIX Rose...EPS Season starts Tuesday BMO with JPM, BAC, C, WFC, GS, FAST Reporting...


© 2026


SPX -60.05, 7,515, opened lower and traded in range between Friday’s high and low.  Closed 94 points below its all-time closing high.  Both the NDX and SPX fell in their 6-week sideways channel.  Breadth weakened as decliners led on both the NYSE and NASDAQ exchanges.

CPI report Tuesday 8:30 am ET.

SPX advancers: FDS IT INTU VLO PSX BIIB CRM CASY DINO MPC DOW.
SPX decliners: APP SNDK MRVL ORCL INTC LRCX ON STX COHR RL TER.

SK Hynix ADR, SKHY, closed 152.35, -15.66 on its second day.  IPO was at 149.

SpaceX, SPCX, closed at 139.14, -4.24%. Our view is that SPCX, with no earnings, is an overvalued speculation.


Earnings season starts Tuesday before the open with JPM, BAC, C, WFC, GS and FAST reporting.


SPY -0.77%, below average volume of 44 million shares.
VIX +2.13, 17.16.
NDX -1.88% opened and closed lower, crossed below its 30 DMA.
DJI, 52,498 -0.26%, traded in a range, closed just below the high of the following day in its bull flag pattern.

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

Up:
Down: DIA, SPY, IWM, QQQ

The SPY MFC green line turned down at 71.9, price-action remained above ST support and is short-term bullish. -1.1

Six of eleven sectors were higher on Monday led by XLE, XLU and XLF. 


45 of 100 NDX stocks closed higher on Monday.

50 NDX stocks are above their 30 DMA: AMAT, MNST, PANW, CRWD, FTNT, EA, FAST, PCAR, CCEP, EXC, LIN, BKNG, VRTX, ABNB, DASH, TTWO, AEP, AMGN, AXON, GEHC, ROP, SBUX, CSX, KHC, ADP, DDOG, MELI, PAYX, PYPL, REGN, CTAS, TRI, AAPL, GILD, WDAY, DXCM, META, PDD, AMD, AMZN, IDXX, ADBE, TMUS, XEL, ADSK, CMCSA, FANG, INTU, ODFL, WBD,

NDX Stocks to Watch on Tuesday
Moving Above 30 DMA = 6
ADSK, CMCSA, FANG, INTU, ODFL, WBD,


Moving Below 30 DMA = 11
ALAB, ALNY, ASML, AVGO, CSCO, HON, KDP, NVDA, SNDK, TSLA, TXN,



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Friday, July 10, 2026

SPX, NDX, DIA Closed Higher...IWM Closed Lower...VIX Hits Six-month Low...Earnings Season Starts Tuesday: JPM, C, BAC, WFC & more...


© 2026


SPX +31.75, 7,575, opened flat and closed higher, just 34 points below its all-time closing high.  Both the NDX and SPX rose in their 5-week sideways channel.  Breadth was mixed as advancers led on the NYSE and decliners led on the NASDAQ exchange.

SPX was choppy this week, but did gain 92 points: Monday up, Tuesday down, Wednesday down then up, Thursday up and Friday down then up.

Earnings season starts Tuesday with JPM, C, BAC, WFC & more.

SK Hynix ADR IPO started trading under the temporary symbol (SKHYV) on Friday.

SpaceX, SPCX, closed at 145.30, -4.51%. Our view is that SPCX, with no earnings, IS an overvalued speculation.

SPX advancers: META WY SBAC NVDA CCI BF/B CLX NKE MOS BBY CAG.
SPX decliners: MRNA CRWD DDOG FTNT GILD PANW DELL MRVL FDXF FLEX.

SPY +0.43%, below average volume of 42.2 million shares.
VIX -0.81, 15.03.
NDX +0.33% opened lower and closed higher, crossing above its 30 DMA.
DJI, 52,637 +0.29%, bounced above the high of the following day in its bull flag pattern.


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


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

The SPY MFC green line is up at 73, price-action remained above ST support and is short-term bullish. +5.3

Ten of eleven sectors were higher on Friday led by XLB, XLP and XLC. 


55 of 100 NDX stocks closed higher on Friday.

55 NDX stocks are above their 30 DMA: AMAT, MNST, PANW, CRWD, FTNT, EA, FAST, PCAR, CCEP, EXC, LIN, BKNG, VRTX, ABNB, DASH, TTWO, AEP, AMGN, ALAB, AXON, GEHC, ROP, SBUX, CSX, KHC, ADP, DDOG, MELI, PAYX, PYPL, REGN, ALNY, CTAS, TRI, AAPL, GILD, WDAY, DXCM, META, PDD, AMD, AMZN, ASML, AVGO, IDXX, TSLA, TXN, ADBE, CSCO, HON, KDP, NVDA, SNDK, TMUS, XEL,

NDX Stocks to Watch on Monday
Moving Above 30 DMA = 8
ADBE, CSCO, HON, KDP, NVDA, SNDK, TMUS, XEL,


Moving Below 30 DMA = 2
CDNS, MDB,



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Thursday, July 9, 2026

NDX, RUT, SPX, DJI Closed Higher as Semis, Tech Stocks Rally...Breadth Strengthens...


© 2026


SPX +60.93, 7,543, opened and closed higher, confirmed Wednesday’s hammer candle for a bounce continuation move.  SPX is just 66 points below its highest close, in its multi-week channel.  Both the NDX and SPX rose in their 5-week sideways channel.  Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges.

Reports indicate that SK Hynix ADR IPO (SKHY) is 7 times oversubscribed, will start trading on Friday.  MU, SK Hynix and Samsung South Korean companies have been tradeable in the DRAM ETF since April 2.

SpaceX, SPCX, closed at 152.16, +2.60%. Our view is that SPCX, with no earnings, IS an overvalued speculation.

SPX advancers: LITE HPE FDXF SNDK NCLH LRCX IVZ AMD PANW FCX WDC.
SPX decliners: APA PSKY COST CINF PEP MCK PM DVN J AXON EOG.

SPY +0.85%, below average volume of 40.8 million shares.
VIX -1.06, 15.84.
NDX +1.62% opened and closed higher, below its 30 DMA.
DJI, 52,487 +0.27%, a three-day bull flag pattern.


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


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


The SPY MFC green line is up at 67.7, price-action remained above ST support and is short-term bullish. +3.2

Seven of eleven sectors were higher on Thursday led by XLK, XLY and XLF. 


65 of 100 NDX stocks closed higher on Thursday.

49 NDX stocks are above their 30 DMA: AMAT, MNST, PANW, CRWD, FTNT, EA, FAST, PCAR, CCEP, EXC, LIN, BKNG, VRTX, ABNB, DASH, TTWO, AEP, AMGN, ALAB, AXON, GEHC, ROP, SBUX, CSX, KHC, ADP, DDOG, MELI, PAYX, PYPL, REGN, ALNY, CTAS, MDB, TRI, AAPL, GILD, WDAY, DXCM, META, PDD, AMD, AMZN, ASML, AVGO, CDNS, IDXX, TSLA, TXN, 

NDX Stocks to Watch on Friday
Moving Above 30 DMA = 8
AMD, AMZN, ASML, AVGO, CDNS, IDXX, TSLA, TXN,   


Moving Below 30 DMA = 4
AZN, ISRG, PLTR, XEL,



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