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...

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

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SPX +21.57, 7,405, formed a black candle bullish harami in a bull flag pattern.   Breadth was mixed and strengthened as advancers led on the NASDAQ exchange. 

SPX advancers: INTC MU KLAC AMAT LRCX COHR COIN FICO SMCI GLW SNDK.

SPX decliners: AKAM HSY CIEN GDDY VMC VRSN MOS SBAC MLM REGN PCG.

Earning’s flag setups on DELL, HPE, PANW

NVDA +3.54, +1.73%, closed higher, on 138.3 million shares, expands partnership with SK Hynix.

MU +85.27, +9.87%, bounced in a bull flag pattern.

SPY +0.23%, formed a bullish harami in a bull flag pattern, on slightly above average volume of 49.3 million shares.

VIX -2.59, 18.92, hedgers unwinding…

NDX +1.58% rose after a Friday pullback in semiconductor and technology stocks.

DJI, 50,786, -0.16%, pulled back slightly.

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

Up: QQQ, IWM, SPY,

Down: DIA,  

The SPY MFC green line is higher at 80.5, and price-action is counter-trend defensive. -7.5 

Three of eleven sectors (48.5%) were higher on Monday led by XLK, XLE and XLY. 

48 of 100 NDX stocks closed higher on Monday.

45 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, CSX, STX, WDC, CSCO, AMAT, LRCX, AAPL, MU, MNST, CDNS, QCOM, 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, NXPI,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 2

KHC, NXPI,  

Moving Below 30 DMA = 6

ADBE, ALNY, AZN, BKNG, EXC, LIN,

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DJI, SPX, RUT, NDX Closed Lower in Classic Aggressive Sellers Passive Buyers Day...Breadth Weakens...VIX Really Does Jump...

© 2026

SPX -200.57, 7,383, futures moved lower Thursday evening prior to Friday’s Jobs Report, went lower when the Jobs Report came out and then sold off all day long in a classic supply/demand imbalance day.  Breadth weakened as decliners led on both the NYSE and NASDAQ exchanges. 

SPX advancers: COO CLX KVUE KMB ALL EG PODD PGR CMG PG CL.

SPX decliners: MU TER FSLR SNDK INTC SMCI WDC ON QCOM AMD COHR.

Earnings season: 12 SPX companies reported this week: HPE, DG, PANW, ULTA, MDT, AVGO, CRWD, VEEV, BF/B, CIEN, COO, LULU.

Earning’s flag setups on DELL, HPE, PANW

NVDA -13.56, -6.20%, closed lower, on 219.6 million shares.

MU 131.99, -13.25%, pulled back for a second after Wednesday’s all-time high.

CIEN -47.42 -8.85%, reported earnings on Thursday BMO: Q2 Adj. EPS $1.64 beats $1.46 estimate, sales $1.570B beat $1.505B estimate.

SPY -2.58%, an above average counter-trend pullback (bull flag pattern), on above average volume of 93.9 million shares.

VIX +6.11, 21.51, as hedgers aggressively put them on…

NDX -4.77% fell being led by a decline in semiconductor and technology stocks.

DJI, 50,866, -1.35%, after making an all-time intra-day high.

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

Up:

Down: DIA, SPY, IWM, QQQ,

The SPY MFC green line is higher at 88, and price-action is counter-trend defensive. -7.3 

Five of eleven sectors (26.1%) were higher on Friday led by XLP, XLU and XLRE. 

31 of 100 NDX stocks closed higher on Friday.

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

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 3

AZN, CCEP, EXC,

Moving Below 30 DMA = 14

ADI, BKR, FANG, INTC, LITE, MCHP, META, MPWR, MSFT, NVDA, NXPI, PLTR, TSLA, TXN,

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