SPX, NDX Closed Lower on NVDA EPS Reaction...RUT, DJI Closed Higher...Advancers Remained Positive...

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SPX -37.27, 6,908, closed lower in a sideways channel.  NVDA, which is approximately 8% of the S&P 500, accounted for approximately -18 SPX points.   Breadth weakened but remained positive as advancers led decliners on the NYSE and Nasdaq exchanges.

NVDA -10.67, -5.46%, EPS $1.62 beat $1.53 estimate, Sales $68.127B beat $66.003B estimate on 360.8 million shares 1.48% of outstanding shares.  It appears to be another classic case of weak hands selling quickly when strong hands (98.52% that didn’t sell) didn’t buy more than weak hands sold.  The question becomes if only a small minority of shareholders, (1.48% sold), who dropped the price by over 5%?

SPX leaders: PSKY, GDDY, SJM, ACN, TKO, EXPE, FICO, HUM, CTSH, MGM.

SPX decliners: UHS, EME, GLW, ALB, NVDA, VTRS, SNPS, AMAT, TTD, FSLR.

SPY traded below average volume of 71.6 million shares on Thursday.

VIX +0.70, 18.63. 

NDX -1.16%, red candle closed below the low of the high day in a channel.

DJI, 49,499, +0.03%, bounce continuation in a bull flag pattern.

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

Up: IWM, DIA,

Down: SPY, QQQ,

The SPY MFC green line is pointed up at 56.8, price-action paused and is short-term bullish. +4.3. 

Five of eleven sectors were higher on Thursday led by XLF, XLI and XLRE. 

50 of 100 NDX stocks closed higher on Thursday.

53 NDX stocks are above their 30 DMA: MNST, ADI, WDC, TXN, ODFL, BKNG, CMCSA, LIN, HON, LRCX, MU, ASML, MPWR, STX, BKR, COST, AEP, MDLZ, AMGN, GILD, FANG, FER, CSX, PEP, CCEP, ROST, CHTR, TMUS, MAR, KDP, XEL, AZN, CTAS, AMAT, ARM, KLAC, EXC, REGN, VRTX, WBD, DXCM, GEHC, KHC, AAPL, CEG, SBUX, ABNB, AXON, NLFX, FAST, ISRG, VRSK,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 3

FAST, ISRG, VRSK,

Moving Below 30 DMA = 7

AVGO, CDNS, CSCO, MRVL, NVDA, NXPI, PCAR,

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NDX, SPX, DJI, RUT Closed Higher...Breadth Remained Positive...VIX Fell...NVDA Rose on Positive EPS Reaction...

© 2026

SPX +56.06, 6,946, closed above Friday’s high.  Breadth weakened, but remained positive as advancers led decliners on the NYSE and Nasdaq exchanges.

SPX leaders: AXON, COIN, SMCI, WDC, APP, STX, INTU, FICO, NFLX, GLW, DDOG.

SPX decliners: GDDY, FSLR, CSGP, BF/B, BLDR, LOW, MOS, LEN, TAP, URI, SWK.

SPY traded below average volume of 56 million shares on Wednesday.

VIX -1.62, 17.93. 

NDX +1.41%, white candle bounce continuation, double bottom breakout setup in a channel.

DJI, 49,482, +0.63%, confirmed bullish harami, bounced above the high of the low day in a bull flag pattern.

After-hours: NVDA +2.03, +1.44%, EPS $1.62 beats $1.53 est., Sales $68.127B beats $66.003B estimate by $2.124 billion for the quarter.

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

Up: QQQ, SPY, DIA, IWM,

Down:

The SPY MFC green line is pointed up at 52.5, price-action moved up and is short-term bullish. +6.2. 

Five of eleven sectors were higher on Wednesday led by XLK, XLF and XLU. 

71 of 100 NDX stocks closed higher on Wednesday.

57 NDX stocks are above their 30 DMA: MNST, PCAR, ADI, WDC, TXN, ODFL, BKNG, CMCSA, LIN, HON, LRCX, MU, ASML, MPWR, STX, BKR, COST, AEP, MDLZ, AMGN, GILD, FANG, FER, CSX, PEP, CCEP, ROST, CHTR, TMUS, MAR, KDP, XEL, AZN, CTAS, AMAT, ARM, KLAC, EXC, REGN, VRTX, WBD, DXCM, GEHC, KHC, NVDA, AAPL, CEG, NXPI, SBUX, ABNB, AVGO, AXON, CDNS, CSCO, MRVL, NLFX,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 7

ABNB, AVGO, AXON, CDNS, CSCO, MRVL, NLFX,     

Moving Below 30 DMA = 2

FAST, INSM,

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RUT, NDX, DJI, SPX Closed Higher...Breadth Strengthened...VIX Fell...

© 2026

SPX +52.32, 6,890, recovered about 70% of Monday’s selloff on Tuesday.  Breadth strengthened as advancers led on the NYSE and Nasdaq exchanges.

SPX leaders: KEYS, AMD, PYPL, CEG, FDS, TPL, GEV, INTC, VRSK, ALB, TECH.

SPX decliners: EXPD, OKE, MOH, FICO, SNDK, CVS, HUM, WDC, RMD, UHH, BAX.

SPY traded below average volume of 73.8 million shares on Tuesday.

VIX -1.46, at 19.55. 

NDX +1.09%, closed above the high of the low day.

DJI, 49,174, +0.76%, formed a bullish harami, in a bull flag pattern.

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

Up: IWM, QQQ, DIA, SPY,

Down:

The SPY MFC green line is pointed up at 46.3, price-action moved above the high of the low day and is short-term bullish. +4.1. 

Nine of eleven sectors were higher on Tuesday led by XLY, XLK and XLI. 

76 of 100 NDX stocks closed higher on Tuesday.

52 NDX stocks are above their 30 DMA: MNST, PCAR, ADI, WDC, TXN, ODFL, BKNG, CMCSA, LIN, HON, LRCX, MU, ASML, MPWR, STX, BKR, COST, FAST, AEP, MDLZ, AMGN, GILD, FANG, FER, CSX, PEP, CCEP, ROST, CHTR, TMUS, MAR, KDP, XEL, AZN, CTAS, AMAT, ARM, KLAC, EXC, REGN, VRTX, WBD, DXCM, GEHC, KHC, NVDA, INSM, AAPL, CEG, NXPI, SBUX,  

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 2

NXPI, SBUX,   

Moving Below 30 DMA = 1

MCHP,

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