NDX, SPX Make All-time Closing Highs...RUT, DJI Closed Higher...Advancers Weaken as EPS Season Begins to Wind Down...

© 2026

Our iBullyBear Mentoring account once again hit a new all-time Net Liq high today on strength in MU SOXL, WDC, VRT and CAT on Monday.  If you are not employing a systematic approach to decision-making in the face of uncertainty and you want to improve your skills contact us through the iBullyBear link above.

SPX +13.91, 7,412, closed at a new all-time high, as semiconductor stocks continued to rally rallied after a lower open. Breadth weakened as decliners led on both the NYSE and NASDAQ exchanges. 

The CPI report for April is due before the open Tuesday at 8:30 am EDT, the consensus is 3.8% compared with 3.3% for March.  Core CPI is 2.7% consensus compared with 2.6% in March.

SPX advancers: LITE COHR GLW SOLS QCOM CF VRT COIN FOXA WDC STX.

SPX decliners: DG ZTS TTD ISRG TGT SMCI CRL DELL IDXX WDAY ROST.

Earnings season begins to wind down this week with only 10 SPX companies reporting.  Next week retail stocks HD, TGT, TJX, WMT and ROST report.

NVDA +4.24, +1.97%, a new all-time closing high on 160.3 million shares, a breakout from its April 27 closing high.

MU +48.52, +6.50%, all-time closing high.

SPY +0.23%, reached an all-time closing high on below average volume of 44 million shares.

VIX +1.19, 18.38, 

NDX +0.29% new all-time closing high.

DJI, 49,704, +0.19% formed a two-day bull flag near horizontal resistance.

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

Up: IWM, QQQ, SPY, DIA,

Down:

The SPY MFC green line is up at 98.4, price-action is short-term bullish. +1.2 

Six of eleven sectors (52.5%) were higher on Monday led by XLE, XLK and XLB. 

40 of 100 NDX stocks closed higher on Monday.

53 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, CSX, FAST, AMZN, INTC, KLAC, MPWR, STX, WDC, CSCO, ADI, MCHP, TXN, AMAT, AVGO, GOOGL, LRCX, AAPL, MU, NVDA, NXPI, SBUX, MNST, ABNB, CDNS, QCOM, SNPS, MSFT, MSTR, TTWO, APP, DDOG, PANW, CRWD, FTNT, KDP, CEG, TSLA, ADBE, KHC, MDLZ, ADP, MDB, ZS, ASML, FER, PAYX, BKR,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 4

FANG, LIN, VRTX, XEL,

Moving Below 30 DMA = 7

ADSK, AXON, COST, CPRT, ROST, TRI, WDAY,

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NDX, SPX Hit New All-time Closing High...RUT, DJI Closed Higher...Breadth Strengthened...Stronger than Expected Jobs Report...

© 2026

Our iBullyBear Mentoring account once again hit a new all-time Net Liq high today.  If you are not employing a systematic approach to decision-making in the face of uncertainty and you want to improve your skills contact us through the iBullyBear link above.

SPX +61.82, 7,398, opened and closed higher at a new all-time high, after semiconductor stocks rallied after a pause pullback day on Thursday and a stronger than expected Jobs Report before the open. Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges.

On March 29, 2026 I became very curious about Iran and what motivated their thinking because of the language their government was using.  To me it sounded non-conciliatory.  So I did some research and in our iBullyBear mentoring March 30 session we discussed those findings extensively.  The reason was to better understand the intra-day price fluctuations that might occur from the Middle East and if those fluctuations exhibited temporary dynamics or not.

Recently the media narrative has indicated that some of the positive price movement might be driven by some investors hoping for an end to the Middle East conflict.  I expressed the view this week and as recently as today that it seemed improbable that an end to the conflict was insight.  I was not surprised to see a Reuter headline “US, Iran no closer to ending war…”.  Here is a link to one of several articles since Friday:

https://www.reuters.com/world/china/us-iran-no-closer-ending-war-gulf-clashes-flare-2026-05-09/

SPX advancers: AKAM SNDK MU INTC MNST DELL CPAY GEN MRNA AMD HUM.

SPX decliners: MTD MSI EXPE FIS CSGP APH APP AXON ZTS TECH CDW.

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EPS season Day 19:   AKAM MNST CPAY GEN XYZ BA ABNB closed higher on a positive EPS reaction.  MTD MSI EXPE FIS WYNN MCK MCHP PPL GILD TTD RSG ED NWSA closed lower after a negative EPS reaction. 

Earnings season begins to wind down next week with only 10 SPX companies report next week.

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NVDA +3.70, +1.75%, formed a white candle on 136.4 million shares, a breakout from its April 27 closing high.

MU +100.18, +15.49%, formed white candle pattern at a new all-time high.

SPY +0.83%, reached an all-time intra-day high and then formed small red spinning top on below average volume of 50.9 million shares.

VIX +0.11, 17.19, 

NDX +2.35% new all-time closing high.

DJI, 49,609, +0.02%  formed a white spinning top candle.

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

Up: QQQ, SPY, IWM, DIA,

Down:

The SPY MFC green line is turned up at 97.2, price-action is short-term bullish. +0.8 

Five of eleven sectors (52%) were higher on Friday led by XLK, XLB and XLY. 

53 of 100 NDX stocks closed higher on Friday.

56 NDX stocks are above their 30 DMA: ROST, MRVL, ARM, AMD, CSX, FAST, AMZN, INTC, KLAC, MPWR, STX, WDC, CSCO, ADI, MCHP, TXN, AMAT, AVGO, GOOGL, LRCX, AAPL, MU, NVDA, NXPI, SBUX, MNST, ABNB, CDNS, QCOM, SNPS, MSFT, MSTR, TTWO, APP, DDOG, PANW, CRWD, FTNT, KDP, CEG, TSLA, ADBE, KHC, MDLZ, ADP, TRI, ADSK, MDB, ZS, ASML, FER, CPRT, AXON, COST, PAYX, WDAY, BKR,

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 1

BKR,

Moving Below 30 DMA = 8

DASH, IDXX, INTU, MELI, ORLY, PDD, PEP, XEL,

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NDX, SPX, DJI, RUT Close Lower...Breadth Weakened...VIX Fell...Two Sectors Rose...

© 2026

SPX -28.01, 7,337, opened slightly higher after positive earnings reactions from DDOG, FTNT, AXON and pulled back to Wednesday’s S-1 level.  Breadth weakened as decliners led on both the NYSE and NASDAQ exchanges. 

SPX advancers: DDOG FTNT AXON VTRS CRWD PTC TECH PANW WDAY APP.

SPX decliners: ZTS TPR TER COHR CIEN GEV JBL NRG IFF LITE.

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EPS season Day 18:   DDOG FTNT AXON VTRS PTC APP HWM BDX GWW ALB EVRG DASH TRGP KVUE closed higher on a positive EPS reaction.  ZTS TPR COHR APA TPL O VST EPAM SATS SRE ES MET ATO TKO CF WBD MCD HST CRL closed lower after a negative EPS reaction. 

ABNB AKAM COIN CPAY ED EXPE GEN GILD MCHP MCK MNST MSI MTD NWSA RSG TTD WYNN XYZ reported after the close on Thursday.  Two stocks report Friday morning BMO: FIS PPL.

130 SPX companies reported this week.

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NVDA +3.67, +1.77%, formed a white candle on 168.3 million shares, a re-break out from its Oct 2025 closing high.

MU -19.96, -2.99%, formed a potential shooting star candle pattern.

SPY -0.31%, reached an all-time intra-day high and then formed small red spinning top on below average volume of 50.9 million shares.

VIX -0.31, 17.08, 

NDX -0.12% formed a small red spinning top.

DJI, 49,596, -0.63% formed a dark cloud cover candle moving below horizontal resistance.

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

Up:

Down: QQQ, SPY, DIA, IWM,

The SPY MFC green line is sideways at 96.4, price-action is short-term bullish. -0.6 

Two of eleven sectors (21.3%) were higher on Thursday led by XLC, XLY and XLK. 

44 of 100 NDX stocks closed higher on Thursday.

63 NDX stocks are above their 30 DMA: ROST, MRVL, ARM, AMD, CSX, FAST, AMZN, INTC, KLAC, MPWR, STX, WDC, CSCO, ADI, MCHP, TXN, AMAT, AVGO, GOOGL, LRCX, MELI, AAPL, MU, NVDA, NXPI, SBUX, MNST, ABNB, CDNS, QCOM, SNPS, DASH, MSFT, MSTR, TTWO, APP, DDOG, PANW, CRWD, FTNT, KDP, CEG, TSLA, ADBE, KHC, MDLZ, ADP, TRI, ORLY, XEL, ADSK, MDB, ZS, ASML, FER, CPRT, IDXX, PDD, PEP,

NDX Stocks to Watch on Friday

Moving Above 30 DMA = 5

AXON, COST, INTU, PAYX, WDAY,

Moving Below 30 DMA = 6

BKR, CCEP, FANG, GILD, LIN, MAR,

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