NDX Closed Higher...SPX, RUT, DJI Closed Lower...MU Reports EPS Beat AMC...

© 2026

MU reported after the close Q4 EPS $33.42 Beats $31.45 Estimate, Sales $54.229B Beat $50.751B Estimate.  Market chatter seemed to be anticipating MU earnings after the close.

SPX -19.30, 7,651 opened higher, rallied, started to drift lower in the afternoon, fell in the last 15 minutes in expectation of MU EPS after the close. Breadth remained negative as decliners led on both the NYSE and the NASDAQ exchanges.  The NDX remained near resistance.  The SPX since August 4 is in a sideways consolidation pattern.

RUT 2,796 fell -11.05, a three-month closing low. Oil /CL rose +1.38 and closed at 90.31.  

SPX advancers: GEN CBOE SNPS HPE FDS INTC ACN PSKY NOW ADBE INTU.

SPX decliners: JBL MRNA APP GIS BE CAG GM NOC MKC FICO CEG.

SPY -1.57, -0.21%, above average volume of 61 million shares, range day. 

VIX +0.30, 16.34 rose.

NDX +0.23% bull flag setup, price just below its June high, also a setup for a horizontal resistance breakout to an all-time high.

DJI, 50,906 -0.86%, a red candle.

Up: QQQ,

Down: SPY, IWM, DIA,

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

SPCX closed at 150.86, +1.62, volume of 79.1 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  In the end if buyers are greater than sellers the stock will rise.  People seem to be willing to speculate on this company’s long-term fundamental future. 

The SPY MFC green line is down at 58.3, price-action on Wednesday is a pause lower close day and is counter-trend defensive. -2.0

One of eleven sectors was higher on Wednesday.  XLK +0.64%.

45 of 100 NDX stocks closed higher on Wednesday.

45 NDX stocks are above their 30 DMA: GILD, MSTR, QCOM, AAPL, META, AMD, INTC, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, MU, NXPI, SNDK, ADI, ALAB, NBIS, NVDA, STX, TER, TXN, DDOG, MPWR, MSFT, RKLB, WBD, ASML, MAR, KLAC, LRCX, MCHP, SNPS, AMAT, CDNS, ROST, AMGN, SPCX,

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 5

CRWV, GOOGL, HON, LIN, WDC,         

Moving Below 30 DMA = 5

ALNY, AZN, COST, FAST, IDXX,

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NDX Closed Higher...SPX, DJI, RUT Closed Lower...Breadth Strengthened but Remained Negative...VIX Slightly Lower...

© 2026

SPX -12.85, 7,670 range day stayed above last Thursday’s low. Breadth improved but remained negative as decliners led on both the NYSE and the NASDAQ exchanges.  A drop in oil prices and the NDX remaining near a BO contributed to a range day in the broad market.  The SPX since August 4 is in a sideways consolidation pattern.

RUT 2,807 fell -9.99, a three-month low. Oil /CL fell -4.35 and closed at 88.94.  

SPX advancers: CCL BE RCL LITE AMAT DASH GLW MRVL EIX ORCL KLAC.

SPX decliners: FICO LULU STLD EFX NUE SLB FDS WYNN PSKY URI FIS.

SPY -1.41, -0.18%, slightly below average volume of 36.8 million shares, range day. 

VIX -0.03, 16.04 fell.

NDX +0.21% bull flag setup, a hammer-like candle just below its June high, also a setup for a horizontal resistance breakout to an all-time high.

DJI, 51,349 -0.26%, a hammer candle.

Up: QQQ,

Down: SPY, DIA, IWM,

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

SPCX closed at 149.24, +3.77, volume of 79.9 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  In the end if buyers are greater than sellers the stock will rise.  People seem to be willing to speculate on this company’s long-term fundamental future. 

The SPY MFC green line is down at 60.3, price-action on Tuesday is a pause day and is counter-trend defensive. -5.3

Four of eleven sectors were higher on Tuesday. 

48 of 100 NDX stocks closed higher on Tuesday.

45 NDX stocks are above their 30 DMA: GILD, MSTR, QCOM, AAPL, META, AMD, INTC, AZN, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, MU, NXPI, SNDK, ADI, ALAB, NBIS, NVDA, STX, TER, TXN, ALNY, DDOG, MPWR, MSFT, RKLB, WBD, ASML, MAR, KLAC, LRCX, MCHP, SNPS, AMAT, CDNS, FAST, ROST, AMGN, COST, IDXX, SPCX,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 3

COST, IDXX, SPCX,         

Moving Below 30 DMA = 2

CTAS, GOOGL,

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DJI, RUT, SPX, NDX Closed Lower...Breadth Weakened...Oil Prices Rose...Technology Stocks Fell...

© 2026

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SPX -59.72, 7,683 pulled back but stayed above Thursday’s low. Breadth was negative as decliners led on both the NYSE and the NASDAQ exchanges.  A rise in oil prices along with a pullback in technology stocks contributed to the pullback in the broad market.  The SPX since August 4 is in a sideways consolidation pattern.

RUT 2,817 fell -19.6, a three-month low. Oil /CL fell +0.85 and closed at 93.29.  

SPX advancers: PANW PSKY CRWD P VTRS ISRG MTD WAT COO NWSA ODFL.

SPX decliners: BE DASH QCOM BA INTC META REGN COHR RDDT NEM AKAM.

SPY -5.74, -0.74%, slightly above average volume of 42.6 million shares, pullback day. 

VIX +1.20, 16.07 rose.

NDX -1.08% pull back, a hammer-like candle just below its June high, a setup for a horizontal resistance breakout to an all-time high.

DJI, 51,481 -0.67%, a pullback red candle.

Up:

Down: DIA, IWM, SPY, QQQ,

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

SPCX closed at 145.47, -3.21, volume of 83.3 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  In the end if buyers are greater than sellers the stock will rise.  People seem to be willing to speculate on this company’s long-term fundamental future. 

The SPY MFC green line turned down at 65.6, price-action on Monday is a pause day and is counter-trend defensive. -5.1

Three of eleven sectors were higher on Monday. 

36 of 100 NDX stocks closed higher on Monday.

44 NDX stocks are above their 30 DMA: GILD, MSTR, QCOM, AAPL, META, AMD, INTC, AZN, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, MU, NXPI, SNDK, ADI, ALAB, NBIS, NVDA, STX, TER, TXN, ALNY, DDOG, MPWR, MSFT, RKLB, WBD, ASML, MAR, KLAC, LRCX, MCHP, SNPS, AMAT, CDNS, FAST, ROST, AMGN, GOOGL, CTAS,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 1

CTAS,        

Moving Below 30 DMA = 4

KDP, MDB, SPCX, TSLA,

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