NDX, RUT, DJI, SPX Closed Higher after President Indicates a Middle East Deal Has Been Negotiated...Breadth Strengthens as Semiconductor and Tech Stocks Rally...

© 2026

SPX +127.31, 7,394, opened slightly higher after an inline PPI Report at 8:30 am ET, traded in a range until the afternoon when POTUS indicated that a settlement to the Iran Conflict had been reached when the SPX gained more 100 points and closed higher.  Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges.  Technology, Materials and Industrial sectors gained more than 3% by the close. 

SpaceX, SPCX, a highly anticipated record $75 billion IPO is scheduled to be priced at $135 and begin trading on Friday, June 12, 2026.

SPX advancers: SNDK KLAC LRCX MU AMAT SATS IP TER SW UAL INTC.

SPX decliners: PTC ORCL ADSK GDDY ADBE WDAY FDS CSGP DVN IT EFX.

Earning’s flag setups on DELL, HPE, PANW.  PANW bounced above the high of the low day.

NVDA +4.45, +2.22%, bounced but did NOT confirm its long-tailed hammer, traded 158.6 million shares.

MU +103.99, +11.66%, bounced above the high of the low day.

SPY +1.70% closed above the high of the following day, on above average volume of 86.3 million shares.

VIX -2.78, 19.44, as hedgers unwound hedges…

NDX +3.29%, as semiconductor and technology stocks moved higher.

DJI, 50,848, +1.86%, bounced and re broke out of horizontal resistance.

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

Up: QQQ, IWM, DIA, SPY,

Down:

The SPY MFC green line is higher at 52.9, and price-action is defensive. -7.5 

Eight of eleven sectors (89.6%) were higher on Thursday led by XLK, XLB and XLI. 

71 of 100 NDX stocks closed higher on Thursday.

46 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, CSX, STX, CSCO, AMAT, LRCX, AAPL, MU, MNST, CDNS, DDOG, PANW, CRWD, FTNT, KDP, MDLZ, ADP, MDB, DXCM, PAYX, ASML, KLAC, MAR, ODFL, ROST, AXON, EA, VRSK, CTAS, FAST, AMGN, IDXX, GEHC, PCAR, CCEP, KHC, EXC, LIN, ADI, BKNG, INTC, MPWR, WDC, VRTX,

NDX Stocks to Watch on Friday

Moving Above 30 DMA = 6

ADI, BKNG, INTC, MPWR, WDC, VRTX,

Moving Below 30 DMA = 1

WDAY,

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RUT, SPX, DJI, NDX Finish Lower...Breadth Weakens...VIX Closed Higher...

© 2026

SPX -119.66, 7,266, opened and closed lower and did NOT confirm Tuesday’s hammer in a bull flag pattern.  Breadth weakened as decliners led on both the NYSE and NASDAQ exchanges. 

SpaceX, SPCX, a highly anticipated record $75 billion IPO is scheduled to be priced at $135 and begin trading on Friday, June 12, 2026.

SPX advancers: CASY DVN SJM LITE APA CBOE TMUS CPB TRGP OKE HOOD .

SPX decliners: SMCI GNRC ZBRA NRG QCOM MOS IP ETN CAT CCL UAL.

Earning’s flag setups on DELL, HPE, PANW

NVDA -7.77, -3.73%, did NOT confirm its long-tailed hammer, on 161.1 million shares.

MU -44.01, -4.70%, formed an inverted hammer in a bull flag pattern.

SPY -1.58%, closed below ST support, on above average volume of 60 million shares.

VIX +2.35, 22.22, as hedgers continued to hedge…

NDX -1.98% closed below ST support, as semiconductor and technology stocks moved lower.

DJI, 49,918, -1.87%, also closed below ST support.

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

Up:

Down: IWM, SPY, DIA, QQQ,

The SPY MFC green line is higher at 60.4, and price-action is defensive. -11.4 

Four of eleven sectors (13.3%) were higher on Wednesday led by XLE, XLP and XLU. 

30 of 100 NDX stocks closed higher on Wednesday.

41 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, CSX, STX, CSCO, AMAT, LRCX, AAPL, MU, MNST, CDNS, DDOG, PANW, CRWD, FTNT, KDP, MDLZ, ADP, MDB, DXCM, PAYX, ASML, KLAC, MAR, ODFL, ROST, WDAY, AXON, EA, VRSK, CTAS, FAST, AMGN, IDXX, GEHC, PCAR, CCEP, KHC, EXC, LIN,

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 0

Moving Below 30 DMA = 6

ALNY, APP, CTSH, ROP, WDC, VRTX,

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RUT, DJI Closed Higher, SPX, NDX Closed Lower...Selloff/Rally Forms Long-tailed Hammer...SJM Leads SPX...CPI Wednesday 8:30 am ET Before the Open...

© 2026

SPX -19.08, 7,386, opened higher formed a long-tailed hammer in a bull flag pattern.  Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges. 

SPX advancers: SJM APH POOL BLDR CARR MHK ARE PODD BX WSM LUV.

SPX decliners: COHR LITE SMCI APP GLW NOW CIEN QCOM FSLR DELL COIN.

Earning’s flag setups on DELL, HPE, PANW

NVDA -0.45, -0.22%, formed a long-tailed hammer, on 180.9 million shares.

MU -13.39, -1.41%, formed a long-tailed hammer in a bull flag pattern.

SPY -0.29%, formed a long-tailed hammer in a bull flag pattern, on above average volume of 87.6 million shares.

VIX +0.95, 19.87, hedgers hedging…

NDX -1.12% long-tailed hammer led by a pullback and rally in semiconductor and technology stocks.

DJI, 50,872, +0.17%, pulled back slightly.

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

Up: IWM, DIA,

Down: SPY, QQQ,

The SPY MFC green line is higher at 71.8, and price-action is defensive. -8.7 

Nine of eleven sectors (61.5%) were higher on Tuesday led by XLRE, XLB and XLV. 

52 of 100 NDX stocks closed higher on Tuesday.

47 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, CSX, STX, WDC, CSCO, AMAT, LRCX, AAPL, MU, MNST, CDNS, APP, DDOG, PANW, CRWD, FTNT, KDP, MDLZ, ADP, MDB, DXCM, PAYX, ASML, KLAC, MAR, ODFL, ROST, WDAY, AXON, CTSH, EA, VRSK, CTAS, FAST, AMGN, IDXX, GEHC, PCAR, VRTX, CCEP, KHC, ALNY, EXC, LIN, ROP,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 4

ALNY, EXC, LIN, ROP,

Moving Below 30 DMA = 2

NXPI, QCOM,  

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