DJI Closed Higher...RUT, SPX, NDX Closed Lower...Breadth was Mixed...Technology was Lower...

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SPX -36.41, 7,765 opens lower and then rallied from its low of the day to form another hammer candle.  Breadth strengthened and was mixed as advancers led on the NYSE and decliners led on the NASDAQ exchange.  The SPX tested Tuesday’s HBO for a second day.

Oil /CL rose +2.24 and closed at 91.18.  

SPX advancers: CSGP CMG GDDY ACN IT CTSH FDS LDOS MPC VLO CHRW.

SPX decliners: COHR GLW VST BE LITE ORCL INTC SNDK CEG CTVA SMCI.

SPY -3.29, -0.42%, just below average volume of 40.2 million shares, a hammer day. 

VIX +0.33, 15.41 closed higher.

NDX -1.39% two-day test of Friday BO.

Up: DIA,

Down: IWM, SPY, QQQ,

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

SPCX closed at 160.57, -7.03, volume of 69 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  In the end if buyers are greater than sellers the stock will rise.  People seem to be willing to speculate on this company’s long-term fundamental future.  $300 price target in news from Morgan Stanley on Monday. 

The SPY MFC green line is up at 85.1, price-action paused on Thursday forming a hammer in a two-day bull flag pattern and is short-term bullish. +4.0.

Eight of eleven sectors were higher on Thursday, XLK -1.79%. 

45 of 100 NDX stocks closed higher on Thursday.

51 NDX stocks are above their 30 DMA: MSTR, AAPL, META, AMD, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, MU, ADI, ALAB, NVDA, TER, TXN, DDOG, MPWR, MSFT, RKLB, WBD, ASML, MAR, KLAC, LRCX, MCHP, SNPS, AMAT, CDNS, SPCX, FAST, COST, CSCO, GOOGL, LIN, TSLA, AVGO, MELI, ADSK, AEP, AMZN, CEG, PYPL, ADP, CCEP, CTAS, ODFL, ORLY, TRI, XEL,

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 7

ADP, CCEP, CTAS, ODFL, ORLY, TRI, XEL,

Moving Below 30 DMA = 6

AMGN, CRWV, INTC, NBIS, NXPI, SNDK,

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SPX, NDX, DJI, RUT Closed Lower...Breadth Weakened as the SPX Does a HBO Test...Fed Minutes Reveal "Absolutely Nothing"...

© 2026

Our iBullyBear Mentoring account paused, but did have gains from MU, COST, STX and other gainers on Wednesday.

Improve trading results by employing a systematic approach to decision-making in the face of uncertainty.  If you want to improve your skills contact us through the iBullyBear link above.

A headline today reads “Fed Minutes Hint to Another Hike This Year: Traders Don’t See It Coming In October.”  Does that headline tell you with certainty that a hike is coming?

Or does the word hint mean, a hike is absolutely coming? Or is it suggesting one might come or one might Not come?  It only tells you about a potential, maybe, might, could, perhaps, possibly, conceivably, theoretically, presumable hike this year.  In other words, it doesn’t tell the reader anything that will happen, only that it could or could not happen.  Welcome to financial entertainment which speculates about the future.  Almost all traders can speculate without the help of the entertainment media.

SPX -17.16, 7,801 opens lower and then rallied from its low of the day to form a hammer candle.  Breadth turned negative as decliners led on both the NYSE and the NASDAQ exchanges.  The SPX tested Tuesday’s HBO.

Oil /CL fell -0.97 and closed at 88.94.  

SPX advancers: NRG MRNA MU CTVA VST P SMCI NTAP LLY AMGN INTU.

SPX decliners: CAT MHK EME CRWD ALLE MOS ON TER SLB URI MCHP.

SPY -1.87, -0.24%, below average volume of 31 million shares, a pause day. 

VIX +0.07, 15.08 closed slightly higher.

NDX -0.21% lower close pause day.

Up:

Down: SPY, QQQ, DIA, IWM,

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

SPCX closed at 167.60, -4.32, volume of 78.2 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  In the end if buyers are greater than sellers the stock will rise.  People seem to be willing to speculate on this company’s long-term fundamental future.  Positive comments in news from Morgan Stanley earlier this week. 

The SPY MFC green line is up at 81.1, price-action paused on Wednesday, and is short-term bullish. +7.1.

One of eleven sectors was higher on Wednesday, XLK -0.30%. 

37 of 100 NDX stocks closed higher on Wednesday.

50 NDX stocks are above their 30 DMA: MSTR, AAPL, META, AMD, INTC, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, MU, NXPI, SNDK, ADI, ALAB, NBIS, NVDA, TER, TXN, DDOG, MPWR, MSFT, RKLB, WBD, ASML, MAR, KLAC, LRCX, MCHP, SNPS, AMAT, CDNS, SPCX, CRWV, FAST, COST, CSCO, GOOGL, LIN, TSLA, AVGO, MELI, ADSK, AEP, AMZN, CEG, PYPL, AMGN,

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 1

AMGN,  

Moving Below 30 DMA = 2

HON, QCOM,

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SPX, NDX New All-time High...DJI Closed Higher...RUT Closed Lower...Breadth Remains Positive...

© 2026

Our iBullyBear Mentoring account made an all-time Net Liq high on strength in CRWD, AMD, CIEN, RCL and other gainers on Tuesday.

Improve trading results by employing a systematic approach to decision-making in the face of uncertainty.  If you want to improve your skills contact us through the iBullyBear link above.

SPX +44.98, 7,818 makes a new all-time closing high.  Breadth remained positive as advancers led on both the NYSE and the NASDAQ exchanges.  The SPX broke above its sideways consolidation pattern since August 4th today.

The NDX made a new all-time closing high after breaking out of June resistance on Friday. 

Oil /CL rose +0.61 and closed at 89.91.  

SPX advancers: CIEN, CTVA, CEG, VST, NRG, GLW, EME, MRVL, SOLS, PWR, RCL.

SPX decliners: STX, MRNA, WDC ILMN, KLAC, DXCM, CHRW, LRCX, TER, INTC.

SPY +4.26, +0.55%, above average volume of 36 million shares, new closing high. 

VIX -0.51, 15.01 closed lower.

NDX +0.48% closed at an all-time high.

Up: SPY, QQQ, DIA,

Down: IWM,

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

SPCX closed at 171.92, +0.83, volume of 106.9 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  In the end if buyers are greater than sellers the stock will rise.  People seem to be willing to speculate on this company’s long-term fundamental future.  Positive comments in news from Morgan Stanley. 

The SPY MFC green line is up at 74, price-action on Tuesday, new high close and is short-term bullish. +7.7.

Ten of eleven sectors were higher on Wednesday, XLK +0.53%. 

62 of 100 NDX stocks closed higher on Tuesday.

51 NDX stocks are above their 30 DMA: MSTR, QCOM, AAPL, META, AMD, INTC, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, MU, NXPI, SNDK, ADI, ALAB, NBIS, NVDA, TER, TXN, DDOG, MPWR, MSFT, RKLB, WBD, ASML, MAR, KLAC, LRCX, MCHP, SNPS, AMAT, CDNS, SPCX, CRWV, HON, FAST, COST, CSCO, GOOGL, LIN, TSLA, AVGO, MELI, ADSK, AEP, AMZN, CEG, PYPL,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 5

ADSK, AEP, AMZN, CEG, PYPL,

Moving Below 30 DMA = 2

IDXX, STX,

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