NDX Closed Higher...SPX, RUT, DJI Closed Lower...Afterhours: NVDA Up on EPS Beat...

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SPX -1.58, 7,675, spinning top closed above the high of the following candle.  Breadth weakened as decliners led on both the NYSE and NASDAQ exchanges.  The VIX closed lower.  RUT 3,005 spinning top in an 8-day bull flag pattern.

The PCE report Core M/M 0.2% vs 0.2%, Y/Y 3.3% vs 3.3 estimate, inline, headline M/M 0.2% vs 0.1% Y/Y 3.7% vs. 3.6% estimate.   

After-hours:

NVDA +8.37, +3.98%, EPS $2.22 beats $2.10 estimate, sales $96.221B beat $92.179B estimate.

SPX advancers: LITE ANET CHRW WMB FFIV SJM CIEN WDC GLW DINO KMI.

SPX decliners: MRNA RDDT GDDY LLY BSX INTU HOOD ACN COIN TKO SMCI.

SPCX closed at 139.63, +1.68, on volume of 60 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12. 

SPY +0.17, +0.02%, below average volume of 28 million shares.

VIX -0.24, 15.21 closed lower. 

NDX +0.05% a bull flag pattern, again a close above the HOLD and a re-BO.

DJI, 53,577 -0.21%, flag bounce pause day, red spinning top.

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

Up: QQQ, SPY,

Down: IWM, DIA,

The SPY MFC green line is down at 70.9, price-action on Wednesday, closed above Monday’s high and also above horizontal resistance ($760.40) for a seventeenth day and is counter-trend defensive. -1.2

Five of eleven sectors were higher on Wednesday. 

48 of 100 NDX stocks closed higher on Wednesday.

57 NDX stocks are above their 30 DMA: FAST, AMGN, ADP, PAYX, PYPL, REGN, INTU, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, CPRT, DASH, DXCM, MSFT, CMCSA, GEHC, CEG, AMZN, MDB, CRWV, LITE, NFLX, PLTR, WBD, AXON, GILD, SPCX, VRTX, FANG, MU, MRVL, NBIS, SNDK, KDP, PEP, CSX, CTAS, MELI, MSTR, TSLA, MNST, AZN, CCEP, COST, SBUX, ASML, LRCX, SNPS, CDNS, QCOM,

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 2

CDNS, QCOM,

Moving Below 30 DMA = 4

NVDA, ORLY, PDD, TMUS,

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

© 2026

SPX +24.42, 7,677, closed above the high of the following candle, a hammer-like candle with lower shadow suggesting intraday support on Monday.  Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges.  The VIX closed higher, suggesting that institutions were unwinding hedges.

RUT 3,010 bullish harami in a 7-day bull flag pattern

The PCE report will be released Wednesday 8:30 am ET before the open.  NVDA earnings will be released Wednesday after market close.

SPX advancers: MRNA SMCI HOOD CDW LITE RDDT IBKR CDNS AMD MRVL COHR.

SPX decliners: ALB DOW LYB ERIE TGT APA COO DECK LULU IT CASY.

SPCX closed at 137.95, +2.95, on volume of 53 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12. 

SPY +2.44, +0.32%, below average volume of 27.4 million shares.

VIX -0.40, 15.45 closed lower. 

NDX +0.64% a bull flag pattern, close above the HOLD and a re-BO.

DJI, 53,577 +0.30%, flag bounce continuation.

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

Up: QQQ, IWM, SPY, DIA,

Down:

The SPY MFC green line is down at 72.1, price-action on Tuesday, closed above Monday’s high and also above horizontal resistance ($760.40) for a sixteenth day and is counter-trend defensive. -0.6

Six of eleven sectors were higher and XLB unchanged on Tuesday. 

53 of 100 NDX stocks closed higher on Tuesday.

59 NDX stocks are above their 30 DMA: FAST, AMGN, ADP, PAYX, PYPL, REGN, INTU, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, CPRT, DASH, DXCM, MSFT, CMCSA, GEHC, CEG, AMZN, MDB, CRWV, LITE, NFLX, PLTR, WBD, AXON, GILD, SPCX, VRTX, FANG, MU, MRVL, NBIS, SNDK, KDP, PEP, CSX, CTAS, MELI, MSTR, TSLA, MNST, AZN, CCEP, COST, SBUX, TMUS, ORLY, ASML, LRCX, NVDA, PDD, SNPS,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 5

ASML, LRCX, NVDA, PDD, SNPS,

Moving Below 30 DMA = 2

GOOGL, ISRG,

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DJI Closed Higher above the HOLD in a Bull Flag Pattern...SPX, RUT, NDX Close Lower...Breadth Weakened...

© 2026

SPX -21.51, 7,652, formed a hammer-like candle with lower shadow suggesting intraday support in its 7-day bull flag pattern.  Breadth weakened as advancers and decliners were near even on the NYSE and decliners led on NASDAQ exchange.  The VIX closed higher, suggesting that institutions were adding hedges.

NVDA reports EPS Wednesday after the close.  Fed Chair Warsh speaks Friday morning from the Jackson Hole Summit.

RUT 2,995 reversed Friday’s gains but stayed above Thursday’s low in a 6-day bull flag pattern.

SPX advancers: EXPE DLTR CHD MO GDDY IT BXP AWK EIX ULTA MA.

SPX decliners: STX SNDK CIEN MU JBHT SMCI WDC COHR AXON FDXF AKAM.

SPCX closed at 135.00, -1.97, on volume of 60 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12. 

SPY -2.25, a 7-day bull flag pattern and setup, below average volume of 32.3 million shares.

VIX +0.72, 15.85 closed higher. 

NDX -0.97% a bull flag pattern and setup in a BO test pullback.

DJI, 53,417 +0.26%, moved above the high of the low day, a 12-day bull flag pattern.

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

Up: DIA,

Down: SPY, IWM, QQQ,

The SPY MFC green line is down at 72.7, price-action on Monday, closed above Thursday’s low and also above horizontal resistance ($760.40) for a fifteenth day and is counter-trend defensive. -3.7

Eight of eleven sectors were higher on Monday. 

44 of 100 NDX stocks closed higher on Monday.

56 NDX stocks are above their 30 DMA: FAST, AMGN, ADP, PAYX, PYPL, REGN, INTU, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, CPRT, DASH, DXCM, MSFT, CMCSA, GEHC, CEG, AMZN, MDB, CRWV, LITE, NFLX, PLTR, WBD, AXON, GILD, SPCX, VRTX, FANG, MU, MRVL, NBIS, SNDK, KDP, PEP, CSX, CTAS, MELI, MSTR, TSLA, MNST, AZN, CCEP, COST, ISRG, SBUX, TMUS, GOOGL, ORLY,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 2

GOOGL, ORLY,

Moving Below 30 DMA = 7

ASML, LRCX, NVDA, PANW, PCAR, PDD, TER,

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