Monday, June 8, 2026

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 Friday 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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Friday, June 5, 2026

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


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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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Thursday, June 4, 2026

DJI All-time Closing High...RUT, SPX Closed Higher...NDX Closed Lower...Breadth Strengthened...CIEN Lower on Positive EPS...

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SPX +30.63, 7,584, opened lower after AVGO, CRWD and CIEN eps reactions. Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges. 

SPX advancers: BX HUM HOOD AXON AMT ARES ERIE CCI SBAC KKR NCLH.
SPX decliners: CIEN AVGO MU APTV ANET SNDK VZ CRWD FANG AMD T.

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

Earning’s flag setups on DELL, HPE, PANW

NVDA +3.91, +1.82%, opened and closed higher, on 168.1 million shares.
MU -83.57, -7.74%, pulled back on Thursday after Wednesday’s all-time high.

CIEN -84.74 -13.66%, reported earnings: Q2 Adj. EPS $1.64 beats $1.46 estimate, sales $1.570B beat $1.505B estimate.

SPY +0.38%, opened lower and closed higher, slightly above average volume of 51 million shares.
VIX -0.66, 15.40, opened higher closed at second lowest close since Jan. 12
NDX -0.53% opened lower pull back day after CRWD, AVGO and CIEN earnings reaction.
DJI, 51,561, +1.73%, new all-time closing high.


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


Up: DIA, IWM, SPY,
Down: QQQ,


The SPY MFC green line is higher at 95.3, and price-action is short-term bullish. -1.0 

Eight of eleven sectors (58.1%) were higher on Thursday led by XLV, XLF and XLRE. 


60 of 100 NDX stocks closed higher on Thursday.

60 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, CSX, INTC, STX, WDC, CSCO, TXN, AMAT, LRCX, AAPL, MU, NXPI, MNST, CDNS, QCOM, APP, DDOG, PANW, CRWD, FTNT, KDP, TSLA, MDLZ, ADP, MDB, DXCM, PAYX, ASML, KLAC, MAR, ODFL, ROST, WDAY, AXON, CTSH, MSFT, PLTR, ADBE, EA, VRSK, CTAS, FANG, NVDA, ADI, FAST, LITE, MCHP, MPWR, AMGN, IDXX, LIN, ALNY, BKNG, BKR, GEHC, META, PCAR, VRTX,

NDX Stocks to Watch on Friday
Moving Above 30 DMA = 7
ALNY, BKNG, BKR, GEHC, META, PCAR, VRTX,


Moving Below 30 DMA = 2
AVGO, HON,



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