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

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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% closed at an all-time high.

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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NDX Made a New All-time Closing High...SPX, RUT, DJI Closed Higher...Breadth Remained Positive...MS Comments on SPCX...

© 2026

Our iBullyBear Mentoring account maintained its’ Net Liq high on strength in LITE, NET, SPCX, NVDA and other gainers on Monday.

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.

If you are a trading decision maker, in the face of uncertainty, on the hard right edge of the chart, financial media is for entertainment.  Entertainment. It is for entertainment. 

Nassim Taleb stated it this way, “I will say here that such respect for the time honored provides arguments to rule out any commerce with the babbling modern journalist and implies a minimal exposure to the media as a guiding principle for someone involved in decision-making under uncertainty.  If there is anything better than noise in the mass of ‘urgent’ news pounding us, it would be like a needle in a haystack.  People do not realize that the media is paid to get your attention.”  Taleb, Nassim Nicholas, Fooled By Randomness, 2001, p. 52-53,

Did you catch those key phrases like:

“rule out any commerce with,”

“minimal exposure to the media,”

“if there is anything better than noise,” … “it would be like a needle in a haystack,”

“the media is paid to get your attention”? 

If you get what Nassim Taleb is saying, you should recognize the financial media is entertainment.  It is not a source for financial decision making.  Who would transfer serious financial decision making to someone who is not even aware of their situation?  Certainly, a journalist who is in the business of entertainment to get your attention would qualify as someone who is not aware of the listeners’ situation.

SPX +51.23, 7,773 opened higher, and closed at its third highest close, only exceeded by Aug 13 – 14, 2026.  Breadth remained positive as decliners led on the NYSE and the advancers led on the NASDAQ exchange.  The SPX since August 4th has been in a sideways consolidation pattern.

The NDX made a new high after breaking out of June resistance on Friday. 

RUT 2,847 rose +14.24, continuing Friday’s bounce.

Oil /CL fell -1.96 and closed at 89.30.  

SPX advancers: PTC ILMN CRL MRNA WDC APP GPN NUE ADSK STX FICO.

SPX decliners: CHRW LEN CMG BMY DOC MRK VTR ARE GLW INTC UAL.

SPY +5.19, +0.67%, above average volume of 44.8 million shares, third highest close. 

VIX +0.21, 15.52 rose, but fell from the open.

NDX +0.87% closed at an all-time high.

Up: QQQ, SPY, IWM, DIA,

Down: 

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

SPCX closed at 171.09, +12.13, volume of 134.7 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 66.3, price-action on Monday, continued to bounce and is short-term bullish. +7.7.

Ten of eleven sectors were higher on Monday, XLK +0.56%.

61 of 100 NDX stocks closed higher on Monday.

48 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, IDXX, MELI, STX,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 4

AVGO, IDXX, MELI, STX,         

Moving Below 30 DMA = 0

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