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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Wednesday, June 3, 2026

DJI, SPX, NDX Close Lower on Wednesday...Breadth Weakens...CRWD Lower on Negative EPS Reaction...


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Our iBullyBear Mentoring account once again hit a new all-time Net Liq high on strength in AMD, MU, WDC, SOXL and AMAT on Wednesday.  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 -56.10, 7,547, pulled back slightly and closed below the low of Tuesday, the high day. Breadth weakened as advancers dropped, and decliners led on both the NYSE and NASDAQ exchanges. 

SPX advancers: TPL MRNA SNDK INCY URI MDT WDC INTC TER META ON.
SPX decliners: LITE GPN CHTR NOW IBM DDOG PLTR COIN FICO HOOD XYZ.

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

NVDA -8.07, -3.62%, opened and closed lower, on 159.1 million shares.
MU +15.47, +1.45%, closed at a new all-time high with a $1.217 trillion-dollar market cap. 

HPE -1.00 -1.78%, pulled back in an earnings flag pattern after reporting a better-than-expected results and guidance Monday after the close. 

After hours: CRWD -76.61, -10.25% reported earnings: Q1 Adj. EPS $1.10 beats $1.07 estimate, Sales $1.386B beat $1.363B estimate.

SPY -0.70%, pulled back, slightly above average volume of 51 million shares.
VIX +0.29, 16.06,
NDX -0.29% hit a new intraday high before closing slightly lower.
DJI, 50,687, -1.21%, closed lower.


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


Up:  
Down: QQQ, SPY, DIA, IWM,

The SPY MFC green line is higher at 96.3, and price-action is short-term bullish. -1.6 

Five of eleven sectors (20.8%) were higher on Wednesday led by XLE, XLV and XLP. 


46 of 100 NDX stocks closed higher on Wednesday.

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

NDX Stocks to Watch on Thursday
Moving Above 30 DMA = 3
AMGN, IDXX, LIN,  


Moving Below 30 DMA = 4
BKNG, KHC, SNPS, WBD,



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Tuesday, June 2, 2026

DJI, NDX, SPX Closed at All-time Highs...RUT Closed Higher...Breadth is Mixed VIX Falls on Tuesday...


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Our iBullyBear Mentoring account once again hit a new all-time Net Liq high on Tuesday.  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 advancers: HPE COHR LITE GLW CIEN ARE APTV SMCI FCX AMAT DE.
SPX decliners: TTD INTU CBOE HPQ DELL NOW TSCO FDS WDAY NDAQ PLTR.

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

NVDA -1.54, -0.69%, opened higher closed lower, on 193.3 million shares.
MU +28.60, +2.7%, closed at a new all-time high after exceeding a trillion-dollar market cap last Tuesday. 

HPE +9.15 +19.47%, rose after reporting a better-than-expected results and guidance.  EPS $0.79 beats $0.53 estimate, sales $10.678B beat $9.791B estimate.

SPY +0.14%, all-time closing high, below average volume of 31.6 million shares.
VIX -0.28, 15.77,
NDX +0.48%, all-time closing high.
DJI, 51,307, +0.45%, an all-time closing high.


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


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

The SPY MFC green line is higher at 97.9, and price-action is short-term bullish. +0.1 

Seven of eleven sectors (66.9%) were higher on Tuesday led by XLU, XLK and XLB


44 of 100 NDX stocks closed higher on Tuesday.

56 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, CSX, INTC, STX, WDC, CSCO, TXN, AMAT, AVGO, LRCX, AAPL, MU, NXPI, MNST, CDNS, QCOM, APP, DDOG, PANW, CRWD, FTNT, KDP, TSLA, KHC, MDLZ, ADP, MDB, DXCM, PAYX, ASML, KLAC, MAR, HON, ODFL, ROST, WDAY, AXON, CTSH, MSFT, PLTR, ADBE, EA, VRSK, BKNG, CTAS, FANG, NVDA, WBD, ADI, FAST, LITE, MCHP, MPWR, SNPS,

NDX Stocks to Watch on Wednesday
Moving Above 30 DMA = 6
ADI, FAST, LITE, MCHP, MPWR, SNPS,


Moving Below 30 DMA = 9
ABNB, ADSK, IDXX, MELI, ROP, TRI, TTWO, VRTX, ZS,



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