DJI, SPX, NDX, RUT Closed Higher...SPX Bounced to Horizontal Resistance...Breadth Strenghtened...

© 2026

SPX +46.18, 7,811 opened and closed higher, closed above the high of the low day at horizontal resistance.  Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges.  The SPX did a bull flag bounce and closed at horizontal resistance from August 13.  Earnings season starts on October 13 with JPM C, GS, WFC, JNJ, UNH and DPZ.

Oil /CL rose +0.48 and closed at 91.66.  

SPX advancers: CCI MRNA HUM AMT SBAC DDOG AKAM CIEN LITE PLTR ILMN.

SPX decliners: TMUS T VZ HPQ CHTR FICO SWKS MOS DE BG CTVA.

SPY +4.64, +0.60%, below average volume of 22.6 million shares, a close above the high of the low day. 

VIX -0.57, 14.84 closed lower.

NDX +0.51% BO test bullish harami candle bull flag setup.

Up: DIA, SPY, QQQ, IWM,

Down:

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

SPCX closed at 162.57, +2.00, volume of 94 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 87.6, price-action paused on Thursday forming a hammer in a two-day bull flag pattern and is short-term bullish. +2.5.

Nine of eleven sectors were higher on Friday, XLK +0.51%.  

65 of 100 NDX stocks closed higher on Friday.

57 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, 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, MRNA, AMGN, GILD, KDP, MDB, PDD, TTWO,

MRNA replaces WBD in NDX.

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 6

AMGN, GILD, KDP, MDB, PDD, TTWO,

Moving Below 30 DMA = 1

ARM,  

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

© 2026

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

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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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