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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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