NDX, RUT, SPX, DJI Closed Higher...Day 6 Earnings Season...Semiconductor and Techology Stocks Bounce Back...

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SPX +65.92, 7,509, opened higher, closed higher, and confirmed Friday’s inverted hammer candle pattern.  The SPX and NDX bounced up in their 7-week sideways channels.  Breadth turned positive as advancers led on both the NYSE and NASDAQ exchanges.

Semiconductor stocks were among market and technology leaders on Tuesday.

SPX advancers: SNDK WDC MU TER COHR STX COIN LITE HAS INTC AMD.

SPX decliners: DHR MSCI TYL HAL IT VEEV VRSN WDAY ERIE BLDR CSGP.

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Day 6, Q2 Earnings season:

Wednesday morning BMO: CME, GEV, MCO, NTRS, OTIS, PHM, PM, T TDY, TEL, WAB, Wednesday AMC: AVB, CCI, CSX, EQR, GL, GOOGL, IBM, KMI, LUV, LVS, NOW, PKG, RJF, ROL, TSLA, TXN, URI,

Q2 First day reaction: +44%

Positive: HAS, MMM, GM, STLD, DPZ, TRV, ABT, JBHT, PLD CFG, USB, UNH, BLK, BNY, CTAS, MTB, PNC, MS, GS, JPM, BAC, = 21

Neutral: MRSH, WRB, DHI, STT, CAG = 5

Negative: DHR, MSCI, HAL, EFX, GPC, SCHW, NOC, SYF, KEY, ISRG, NFLX, RF, FITB, TFC, GE, UAL PGR, ELV, JNJ, C, WFC, FAST = 22

Bold is > +5% or -5%

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SK Hynix ADR, SKHY, closed 171.94, +13.75% on its eightth trading day.  IPO was at 149.  SK Hynix is a profitable company with over $65 billion in revenues (larger than SPCX) and $28 billion in annual profit.  The ADR is speculative because as a new IPO does not have a track record to evaluate.

SpaceX, SPCX, closed at 123.54, +3.08%. Our view is that SPCX, with no earnings, is an overvalued speculation.  IPO at 135 on June 12. 

SPY +0.83%, below average volume of 34.3 million shares.

VIX -1.60, 17.05,

NDX +1.93% closed above the high of the low day in its 7-week sideways consolidation.

DJI, 52,224 +0.74%, close above 30 DMA.

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

Up: QQQ, IWM, SPY, DIA,

Down:  

The SPY MFC green line is flat at 69.3, price-action closed above the high of the low day and remained above ST support and is short-term bullish. -0.4

Seven of eleven sectors were higher on Tuesday led by XLK, XLE and XLV 

52 of 100 NDX stocks closed higher on Tuesday.

50 NDX stocks are above their 30 DMA: PANW, CRWD, FTNT, EA, FAST, PCAR, CCEP, BKNG, VRTX, ABNB, DASH, AMGN, AXON, ROP, SBUX, CSX, KHC, ADP, DDOG, MELI, PAYX, PYPL, REGN, CTAS, TRI, AAPL, GILD, WDAY, DXCM, META, PDD, AMZN, TMUS, FANG, INTU, NVDA, PLTR, ADBE, ADSK, MSFT, ROST, CMCSA, HON, ODFL, AMD, AVGO, CEG, LITE, NVDA, ORLY,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 6

AMD, AVGO, CEG, LITE, NVDA, ORLY,

Moving Below 30 DMA = 3

IDXX, MNST, TTWO,

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NDX Closed Higher...SPX, DJI, RUT Closed Lower...Earning Season Day 5...SPX, NDX Continue 7-week Consolidation...

© 2026

SPX -14.41, 7,443, opened higher, traded in a range, closed lower, did not confirm Friday’s inverted hammer candle pattern.  The SPX and NDX continue in their 7-week sideways channels.  Breadth remained negative as decliners led on both the NYSE and NASDAQ exchanges.

Semiconductor stocks moved up slightly on Monday.

SPX advancers: GPN LITE TER AXON MRVL BF/B COHR SNDK DASH LYB CAG.

SPX decliners: ORCL KKR UPS CMG MRNA WBD DELL ARES IP RVTY SOLS.

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Day 5, Q2 Earnings season:

Tuesday morning BMO: DHI, DHR, EFX, GM, GPC, HAL, HAS, KEY, MMM, MRSH MSCI, NOC SCHW, SYF, Tuesday AMC: CB, COF, EQT, IBKR

Q2 First day reaction: +53%

Positive: DPZ, TRV, ABT, JBHT, PLD CFG, USB, UNH, BLK, BNY, CTAS, MTB, PNC, MS, GS, JPM, BAC, = 17

Neutral: STT, CAG = 2

Negative: ISRG, NFLX, RF, FITB, TFC, GE, UAL PGR, ELV, JNJ, C, WFC, FAST = 13

Bold is > +5% or -5%

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SK Hynix ADR, SKHY, closed 151.16, -1.86% on its seventh trading day.  IPO was at 149.  SK Hynix is a profitable company with over $65 billion in revenues (larger than SPCX) and $28 billion in annual profit.  The ADR is speculative because as a new IPO does not have a track record to evaluate.

SpaceX, SPCX, closed at 119.85, -3.34%. Our view is that SPCX, with no earnings, is an overvalued speculation.  IPO at 135 on June 12. 

SPY -0.16%, below average volume of 50.3million shares.

VIX -0.12, 18.65,

NDX +0.04% trading range near support in its 7-week sideways consolidation.

DJI, 51,839 -0.59%, pullback in 3-month up trend.

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

Up: QQQ,

Down: SPY, DIA, IWM,

The SPY MFC green line is down at 69.7, price-action remained above ST support and is defensive. -3.2

Three of eleven sectors were higher on Monday led by XLE, XLC and XLK 

44 of 100 NDX stocks closed higher on Monday.

47 NDX stocks are above their 30 DMA: MNST, PANW, CRWD, FTNT, EA, FAST, PCAR, CCEP, BKNG, VRTX, ABNB, DASH, TTWO, AMGN, AXON, ROP, SBUX, CSX, KHC, ADP, DDOG, MELI, PAYX, PYPL, REGN, CTAS, TRI, AAPL, GILD, WDAY, DXCM, META, PDD, AMZN, TMUS, FANG, INTU, NVDA, PLTR, ADBE, ADSK, IDXX, MSFT, ROST, CMCSA, HON, ODFL,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 0

Moving Below 30 DMA = 2

MDLZ, WBD,

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RUT, DJI, SPX, NDX Closed Lower...NDX, SPX Bounce at ST Support, Continue 7-week Consolidation...Earnings Season Week 1...

 

© 2026

SPX -76.08, 7,457, opened lower, closed above its open forming a inverted hammer candle pattern, pulling back from horizontal resistance.  The SPX and NDX remain in their 7-week sideways channels.  Breadth weakened as decliners led on both the NYSE and NASDAQ exchanges.

Semiconductor stocks, which had strong upward momentum until June 22, moved lower again on Friday.

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Day 4, Q2 Earnings season:

Monday morning BMO: DPZ, Monday AMC: STLD, WRB

Q2 First day reaction: +52%

Positive: TRV, ABT, JBHT, PLD CFG, USB, UNH, BLK, BNY, CTAS, MTB, PNC, MS, GS, JPM, BAC, = 16

Neutral: STT, CAG = 2

Negative: ISRG, NFLX, RF, FITB, TFC, GE, UAL PGR, ELV, JNJ, C, WFC, FAST = 13

Bold is > +5% or -5%

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SK Hynix ADR, SKHY, closed 154.03, +1.13% on its sixth trading day.  IPO was at 149.  SK Hynix is a profitable company with over $65 billion in revenues (larger than SPCX) and $28 billion in annual profit.  The ADR is speculative because as a new IPO does not have a track record to evaluate.

SpaceX, SPCX, closed at 123.99, -5.43%. Our view is that SPCX, with no earnings, is an overvalued speculation.  IPO at 135 on June 12. 

SPX advancers: TRV STX CNC CASY LITE HUM ADM ALL AIG VLO SWKS.

SPX decliners: ISRG CDNS SNPS NFLX AXON HOOD AMAT BLDR PNR PSKY.

SPY -0.99%, slightly above average volume of 62.6 million shares.

VIX +2.04, 18.77, rises on SPX pullback

NDX -1.49% fall to support area its 7-week sideways consolidation.

DJI, 52,146 -0.77%, pullback in 3-month up trend.

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

Up:

Down: IWM, DIA, SPY, QQQ,

The SPY MFC green line is down at 72.9, price-action remained above ST support and is short-term bullish. -5.7

One of eleven sectors wase higher on Friday led by XLE, XLRE and XLRI 

22 of 100 NDX stocks closed higher on Friday.

49 NDX stocks are above their 30 DMA: MNST, PANW, CRWD, FTNT, EA, FAST, PCAR, CCEP, BKNG, VRTX, ABNB, DASH, TTWO, AMGN, AXON, ROP, SBUX, CSX, KHC, ADP, DDOG, MELI, PAYX, PYPL, REGN, CTAS, TRI, AAPL, GILD, WDAY, DXCM, META, PDD, AMZN, TMUS, FANG, INTU, WBD, NVDA, PLTR, ADBE, ADSK, IDXX, MSFT, ROST, CMCSA, HON, MDLZ, ODFL,

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 0

Moving Below 30 DMA = 6

AEP, EXC, FAST, GEHC, LIN, XEL,

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