NDX, SPX Closed Higher, DJI, RUT Closed Lower...VIX Fell...Technology and Mega Caps Led NDX Rally...SPY Dividend 1.889...

 

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SPX +12.74, 7,650 a bounce continuation on Friday, after the FOMC press conference selloff on Wednesday.  Breadth weakened as decliners led on both the NYSE and the NASDAQ exchanges.  Selective buying in technology stocks, mega-caps as VIX fell led to more capital flowing into specific stocks.

RUT 2,860 pullback -14.23. Oil /CL fell -5.62 and closed at 95.47.   

SPX advancers: COIN SNDK HOOD COHR LRCX STX AMAT TER KLAC LITE WDC.

SPX decliners: NUE QCOM ARE GM ACN NFLX CF FISV APP STLD LEN.

SPY +0.98, +0.13%, after declaring dividend of 1.889, above average volume of 65.3 million shares, closed above the high of the low day. 

VIX -0.63, 14.81 closed lower.

NDX +0.67% continued channel bounce above its 30 DMA.

DJI, 51,682 -0.18%, formed a red hammer candle above support.

Up: QQQ, SPY,

Down: DIA, IWM,

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

SPCX closed at 152.71, -2.10, volume of 335.6 million shares was driven by the NDX rebalancing that increased SPCX’s index weighting. 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 fundamental future. 

The SPY MFC green line is down at 36.6 price-action on Friday closed above the HOLD and re-broke out of June resistance and is short-term bullish. -5.1

Two of eleven sectors were higher on Friday.  XLK +0.82% led all sectors.

43 of 100 NDX stocks closed higher on Friday.

31 NDX stocks are above their 30 DMA: GILD, SPCX, MSTR, TSLA, QCOM, AAPL, META, AMD, INTC, AZN, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, GOOGL, MU, NXPI, SNDK, WDAY, ADI, ALAB, DXCM, NBIS, NVDA, STX, TER, TXN,

NDX Stocks to Watch on Friday

Moving Above 30 DMA = 8

ADI, ALAB, DXCM, NBIS, NVDA, STX, TER, TXN,   

Moving Below 30 DMA = 4

ALNY, APP, DDOG, MSFT, WBD,

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NDX, SPX, RUT, DJI Closed Higher Following Wednesday's Press Conference Selloff...Breadth Strengthened...Mega Caps and Technology Stocks Led Thursday Rally...

© 2026

SPX +85.95, 7,637 a strong positive bounce back after the press conference selloff and after the FOMC raised fed funds rate 25 basis points on Wednesday.  Breadth strengthened as advancers led on both the NYSE and the NASDAQ exchanges. 

RUT 2,874 bounced +15.82. Oil /CL fell -0.93 and closed at 101.09.  

SPX advancers: GNRC SMCI MRNA INTC HPE SWKS SNDK AMD WDAY HPQ MU.

SPX decliners: TMUS DVA PSKY CPRT CSGP CMCSA BLDR AXON RDDT VRSK.

SPY +8.55, +1.13%, above average volume of 49.6 million shares, move above the high of the low day. 

VIX -2.27, 15.44 closed lower.

NDX +1.73% moved > the HOLD and closed above its 30 DMA.

DJI, 51,778 +0.61%, formed a bullish harami candle above support.

Up: QQQ, SPY, IWM, DIA,

Down:

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

SPCX closed at 154.81, +3.93, on volume of 83.9 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 fundamental future. 

The SPY MFC green line is down at 41.7 price-action on Thursday closed above the HOLD and re-broke out of June resistance and is short-term bullish. -2.7

Nine of eleven sectors were higher on Thursday.  XLK +2.25% led all sectors.

64 of 100 NDX stocks closed higher on Thursday.

27 NDX stocks are above their 30 DMA: WBD, GILD, SPCX, MSTR, TSLA, QCOM, AAPL, ALNY, META, AMD, INTC, APP, AZN, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, DDOG, GOOGL, MSFT, MU, NXPI, SNDK, WDAY,

NDX Stocks to Watch on Friday

Moving Above 30 DMA = 7

DDOG, GOOGL, MSFT, MU, NXPI, SNDK, WDAY,

Moving Below 30 DMA = 1

KDP,  

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Fed Rate Hike 25 Basis Points...NDX Closed Higher...RUT, SPX, DJI Closed Lower...

© 2026

SPX -33.92, 7,551 was positive until the FOMC press conference at 2:30 pm EDT, when it fell more than $6 and closed down below last Thursday’s low.  Breadth strengthened but remained negative as decliners led on both the NYSE and the NASDAQ exchanges. 

RUT 2,858 fell to a 3-month low. Oil /CL fell -3.45 and closed at 102.02.  The Fed did announce a 25-basis point hike as expected by the ZQ fed funds traders, financial media and numerous commentators.  Tuesday and Wednesday we did hear Rick Rieder of BlackRock, Tom Lee of Fundstrat and Dan Greenhaus of Solus Asset Mgt, say they thought the Fed could have kept rates unchanged.

SPX advancers: LITE COHR AXON GEV EW INTC RVTY DELL MTD MRVL SMCI.

SPX decliners: JBHT ON FANG OXY TPL COP EXE EOG DVN FSLR HBAN.

SPY -3.34, -0.44%, above average volume of 58.9 million shares, was positive until the FOMC press conference at 2:30 pm EDT, when it fell more than $6 and closed below last Thursday’s low at short-term support. 

VIX +0.51, 17.71 closed higher.

NDX +0.02% sideways, closed lower at support.

DJI, 51,461 -1.21%, remained above Thursday’s short-term low.

Up: QQQ,

Down: IWM, SPY, DIA,

 

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

SPCX closed at 150.88, +7.39, on volume of 181.4 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 fundamental future. 

The SPY MFC green line is down at 44.4 price-action on Wednesday closed below Thursday’s low short-term support and is defensive. -8.1

Two of eleven sectors were higher on Wednesday.  XLK +0.1% led and XLU was unchanged.

48 of 100 NDX stocks closed higher on Wednesday.

21 NDX stocks are above their 30 DMA: WBD, GILD, SPCX, KDP, MSTR, TSLA, QCOM, AAPL, ALNY, META, AMD, INTC, APP, AZN, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR,

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 4

ISRG, LITE, MRVL, PLTR,

Moving Below 30 DMA = 4

ADP, FANG, MSFT, SNDK,

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