DJI, SPX, NDX, RUT Pause on Tuesday...Breadth Weakened on Tuesday...CPI Report...

© 2026

SPX +11.88, 7,400, a pause day, as semiconductor stocks paused. Breadth weakened as decliners led on both the NYSE and NASDAQ exchanges. 

The CPI report headline CPI was 3.8% and Core CPI 2.8% vs. 2.7% estimate.

SPX advancers: ZBRA Q HUM CNC HII ZBH CF ANET STE APH SYK.

SPX decliners: QCOM INTC SNDK LITE SWKS WDC LKQ GLW ETN COIN JBL.

Earnings season begins to wind down this week with only 10 SPX companies reporting.  Next week retail stocks HD, TGT, TJX, WMT and ROST report.

NVDA +1.34, +0.61%, a new all-time closing high on 159.1 million shares, EPS on May 20 AMC.

MU -28.75, -3.61%, one-day pull back.

SPY -0.15%, one-day bull flag set up on below average volume of 54.1 million shares.

VIX -0.39, 17.99, 

NDX -1.05% one-day bull flag set up.

DJI, 49,760, +0.11% trading range near horizontal resistance.

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

Up: DIA,

Down: SPY, QQQ, IWM,

The SPY MFC green line is flat at 98.2, price-action is short-term bullish. -0.2 

Seven of eleven sectors (49.9%) were higher on Tuesday led by XLV, XLP and XLF. 

44 of 100 NDX stocks closed higher on Tuesday.

54 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, CSX, FAST, AMZN, INTC, KLAC, MPWR, STX, WDC, CSCO, ADI, MCHP, TXN, AMAT, AVGO, GOOGL, LRCX, AAPL, MU, NVDA, NXPI, SBUX, MNST, CDNS, QCOM, SNPS, MSFT, MSTR, TTWO, APP, DDOG, PANW, CRWD, FTNT, KDP, TSLA, KHC, MDLZ, ADP, MDB, ZS, ASML, FER, PAYX, BKR, FANG, LIN, VRTX, COST, CPRT,  

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 2

COST, CPRT,

Moving Below 30 DMA = 4

ABNB, ADBE, CEG, XEL,

Add Comments here:

NDX, SPX Make All-time Closing Highs...RUT, DJI Closed Higher...Advancers Weaken as EPS Season Begins to Wind Down...

© 2026

Our iBullyBear Mentoring account once again hit a new all-time Net Liq high today on strength in MU SOXL, WDC, VRT and CAT on Monday.  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 +13.91, 7,412, closed at a new all-time high, as semiconductor stocks continued to rally rallied after a lower open. Breadth weakened as decliners led on both the NYSE and NASDAQ exchanges. 

The CPI report for April is due before the open Tuesday at 8:30 am EDT, the consensus is 3.8% compared with 3.3% for March.  Core CPI is 2.7% consensus compared with 2.6% in March.

SPX advancers: LITE COHR GLW SOLS QCOM CF VRT COIN FOXA WDC STX.

SPX decliners: DG ZTS TTD ISRG TGT SMCI CRL DELL IDXX WDAY ROST.

Earnings season begins to wind down this week with only 10 SPX companies reporting.  Next week retail stocks HD, TGT, TJX, WMT and ROST report.

NVDA +4.24, +1.97%, a new all-time closing high on 160.3 million shares, a breakout from its April 27 closing high.

MU +48.52, +6.50%, all-time closing high.

SPY +0.23%, reached an all-time closing high on below average volume of 44 million shares.

VIX +1.19, 18.38, 

NDX +0.29% new all-time closing high.

DJI, 49,704, +0.19% formed a two-day bull flag near horizontal resistance.

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

Up: IWM, QQQ, SPY, DIA,

Down:

The SPY MFC green line is up at 98.4, price-action is short-term bullish. +1.2 

Six of eleven sectors (52.5%) were higher on Monday led by XLE, XLK and XLB. 

40 of 100 NDX stocks closed higher on Monday.

53 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, CSX, FAST, AMZN, INTC, KLAC, MPWR, STX, WDC, CSCO, ADI, MCHP, TXN, AMAT, AVGO, GOOGL, LRCX, AAPL, MU, NVDA, NXPI, SBUX, MNST, ABNB, CDNS, QCOM, SNPS, MSFT, MSTR, TTWO, APP, DDOG, PANW, CRWD, FTNT, KDP, CEG, TSLA, ADBE, KHC, MDLZ, ADP, MDB, ZS, ASML, FER, PAYX, BKR, FANG, LIN, VRTX, XEL,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 4

FANG, LIN, VRTX, XEL,

Moving Below 30 DMA = 7

ADSK, AXON, COST, CPRT, ROST, TRI, WDAY,

Add Comments here:

NDX, SPX Hit New All-time Closing High...RUT, DJI Closed Higher...Breadth Strengthened...Stronger than Expected Jobs Report...

© 2026

Our iBullyBear Mentoring account once again hit a new all-time Net Liq high today.  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 +61.82, 7,398, opened and closed higher at a new all-time high, after semiconductor stocks rallied after a pause pullback day on Thursday and a stronger than expected Jobs Report before the open. Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges.

On March 29, 2026 I became very curious about Iran and what motivated their thinking because of the language their government was using.  To me it sounded non-conciliatory.  So I did some research and in our iBullyBear mentoring March 30 session we discussed those findings extensively.  The reason was to better understand the intra-day price fluctuations that might occur from the Middle East and if those fluctuations exhibited temporary dynamics or not.

Recently the media narrative has indicated that some of the positive price movement might be driven by some investors hoping for an end to the Middle East conflict.  I expressed the view this week and as recently as today that it seemed improbable that an end to the conflict was insight.  I was not surprised to see a Reuter headline “US, Iran no closer to ending war…”.  Here is a link to one of several articles since Friday:

https://www.reuters.com/world/china/us-iran-no-closer-ending-war-gulf-clashes-flare-2026-05-09/

SPX advancers: AKAM SNDK MU INTC MNST DELL CPAY GEN MRNA AMD HUM.

SPX decliners: MTD MSI EXPE FIS CSGP APH APP AXON ZTS TECH CDW.

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EPS season Day 19:   AKAM MNST CPAY GEN XYZ BA ABNB closed higher on a positive EPS reaction.  MTD MSI EXPE FIS WYNN MCK MCHP PPL GILD TTD RSG ED NWSA closed lower after a negative EPS reaction. 

Earnings season begins to wind down next week with only 10 SPX companies report next week.

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NVDA +3.70, +1.75%, formed a white candle on 136.4 million shares, a breakout from its April 27 closing high.

MU +100.18, +15.49%, formed white candle pattern at a new all-time high.

SPY +0.83%, reached an all-time intra-day high and then formed small red spinning top on below average volume of 50.9 million shares.

VIX +0.11, 17.19, 

NDX +2.35% new all-time closing high.

DJI, 49,609, +0.02%  formed a white spinning top candle.

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

Up: QQQ, SPY, IWM, DIA,

Down:

The SPY MFC green line is turned up at 97.2, price-action is short-term bullish. +0.8 

Five of eleven sectors (52%) were higher on Friday led by XLK, XLB and XLY. 

53 of 100 NDX stocks closed higher on Friday.

56 NDX stocks are above their 30 DMA: ROST, MRVL, ARM, AMD, CSX, FAST, AMZN, INTC, KLAC, MPWR, STX, WDC, CSCO, ADI, MCHP, TXN, AMAT, AVGO, GOOGL, LRCX, AAPL, MU, NVDA, NXPI, SBUX, MNST, ABNB, CDNS, QCOM, SNPS, MSFT, MSTR, TTWO, APP, DDOG, PANW, CRWD, FTNT, KDP, CEG, TSLA, ADBE, KHC, MDLZ, ADP, TRI, ADSK, MDB, ZS, ASML, FER, CPRT, AXON, COST, PAYX, WDAY, BKR,

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 1

BKR,

Moving Below 30 DMA = 8

DASH, IDXX, INTU, MELI, ORLY, PDD, PEP, XEL,

Add Comments here:

NDX, SPX, DJI, RUT Close Lower...Breadth Weakened...VIX Fell...Two Sectors Rose...

© 2026

SPX -28.01, 7,337, opened slightly higher after positive earnings reactions from DDOG, FTNT, AXON and pulled back to Wednesday’s S-1 level.  Breadth weakened as decliners led on both the NYSE and NASDAQ exchanges. 

SPX advancers: DDOG FTNT AXON VTRS CRWD PTC TECH PANW WDAY APP.

SPX decliners: ZTS TPR TER COHR CIEN GEV JBL NRG IFF LITE.

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EPS season Day 18:   DDOG FTNT AXON VTRS PTC APP HWM BDX GWW ALB EVRG DASH TRGP KVUE closed higher on a positive EPS reaction.  ZTS TPR COHR APA TPL O VST EPAM SATS SRE ES MET ATO TKO CF WBD MCD HST CRL closed lower after a negative EPS reaction. 

ABNB AKAM COIN CPAY ED EXPE GEN GILD MCHP MCK MNST MSI MTD NWSA RSG TTD WYNN XYZ reported after the close on Thursday.  Two stocks report Friday morning BMO: FIS PPL.

130 SPX companies reported this week.

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NVDA +3.67, +1.77%, formed a white candle on 168.3 million shares, a re-break out from its Oct 2025 closing high.

MU -19.96, -2.99%, formed a potential shooting star candle pattern.

SPY -0.31%, reached an all-time intra-day high and then formed small red spinning top on below average volume of 50.9 million shares.

VIX -0.31, 17.08, 

NDX -0.12% formed a small red spinning top.

DJI, 49,596, -0.63% formed a dark cloud cover candle moving below horizontal resistance.

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

Up:

Down: QQQ, SPY, DIA, IWM,

The SPY MFC green line is sideways at 96.4, price-action is short-term bullish. -0.6 

Two of eleven sectors (21.3%) were higher on Thursday led by XLC, XLY and XLK. 

44 of 100 NDX stocks closed higher on Thursday.

63 NDX stocks are above their 30 DMA: ROST, MRVL, ARM, AMD, CSX, FAST, AMZN, INTC, KLAC, MPWR, STX, WDC, CSCO, ADI, MCHP, TXN, AMAT, AVGO, GOOGL, LRCX, MELI, AAPL, MU, NVDA, NXPI, SBUX, MNST, ABNB, CDNS, QCOM, SNPS, DASH, MSFT, MSTR, TTWO, APP, DDOG, PANW, CRWD, FTNT, KDP, CEG, TSLA, ADBE, KHC, MDLZ, ADP, TRI, ORLY, XEL, ADSK, MDB, ZS, ASML, FER, CPRT, IDXX, PDD, PEP,

NDX Stocks to Watch on Friday

Moving Above 30 DMA = 5

AXON, COST, INTU, PAYX, WDAY,

Moving Below 30 DMA = 6

BKR, CCEP, FANG, GILD, LIN, MAR,

Add Comments here:

NDX, RUT, SPX New All-time Closing High...DJI Closed Higher...Breadth Remains Positive as Advancers Led on NYSE and NASDAQ...

© 2026

Our iBullyBear Mentoring account once again hit a new all-time Net Liq high today on strength in SOXL, AMUU, DELL, TSM and AMD along with more than ten other gainers 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 +105.90, 7,365, opened higher after strong earnings from AMD, SMCI, UBER, DIS and closed at a new all-time high.  Breadth remained positive as advancers led on both the NYSE and NASDAQ exchanges. 

SPX advancers: SMCI DVA AMD DOC IFF GLW JBL DELL RCL UBER LRCX.

SPX decliners: CDW COR TECH ANET SWKS PODD CTRA DVN APA J.

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EPS season Day 17:   SMCI DVA AMD DOC IFF UBER CVS DIS EMR AMCR LYV SOLV KHC MAR GPN closed higher on a positive EPS reaction.  CDW COR TECH ANET SWKS PODD DVN J TRMB OXY LITE EOG JKHY NRG CTVA EXC SOLS AEE NI JCI EA AIZ PRU closed lower after a negative EPS reaction. 

AXON PTC WBD APP DASH FTNT O TKO COHR ALB ES TPL MET HST ATO APA CF reported after the close on Wednesday.  16 stocks report Thursday morning BMO: BDX CRL DDOG EPAM EVRG GWW HWM KVUE MCD SATS SRE TPR TRGP VST VTRS ZTS.

130 SPX companies report this week.

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NVDA +11.33, +5.77%, formed a large white candle closing above the high of the low day after a six-day pullback on 187.4 million shares.

MU +26.39, +4.12%, closed at a new all-time high.

SPY all-time new closing high on below average volume of 53.1 million shares.

VIX +0.01, 17.39, 

NDX +2.08% hit an all-time closing high.

DJI, 49,910, +1.24% move above Tuesday’s bullish harami candle moving closer to horizontal resistance breakout.

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

Up: QQQ, IWM, SPY, DIA,

Down:

The SPY MFC green line is higher at 97, price-action is short-term bullish. +0.8. 

Nine of eleven sectors (94.3%) were higher on Wednesday led by XLK, XLI and XLB. 

64 of 100 NDX stocks closed higher on Wednesday.

65 NDX stocks are above their 30 DMA: ROST, MRVL, ARM, AMD, CSX, FAST, AMZN, INTC, KLAC, MPWR, STX, WDC, CSCO, ADI, MCHP, TXN, AMAT, AVGO, GOOGL, LRCX, MELI, AAPL, MU, NVDA, NXPI, SBUX, MNST, ABNB, CDNS, QCOM, SNPS, DASH, MSFT, MSTR, TTWO, APP, DDOG, PANW, CRWD, FTNT, FANG, BKR, KDP, CEG, TSLA, ADBE, KHC, MDLZ, ADP, TRI, ORLY, XEL, ADSK, MDB, ZS, ASML, FER, LIN, MAR, CCEP, CPRT, GILD, IDXX, PDD, PEP,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 6

CCEP, CPRT, GILD, IDXX, PDD, PEP,

Moving Below 30 DMA = 6

AEP, COST, PAYX, ROP, VRSK, WDAY,

Add Comments here:

RUT, NDX, SPX Hit New All-time Closing High...DJI Closed Higher...Breadth Strengthened...VIX Fell...

© 2026

SPX +58.47, 7,259, opened higher and closed at a new all-time high.  Breadth turned positive as advancers led on both the NYSE and NASDAQ exchanges.  VIX volatility fell as the broad market rallied on Tuesday. 

SPX advancers: WAT INTC SNDK AKAM MU QCOM IQV EXPD ROK DD CRL.

SPX decliners: HII FISV POOL APTV LDOS PYPL PLTR BALL CHTR PSKY.

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EPS season Day 16:   WAT IQV EXPD ROK DD RVTY ADM TDG HSIC MPC CMI AEP IT WMB closed higher on a positive EPS reaction.  HII FISV APTV LDOS PLTR BALL PSKY FANG ETN KKR VRTX SEC closed lower after a negative EPS reaction. 

AMD SMCI DVA J AIZ IFF CTVA PRU SOLV EMR DOC SWKS EA LYV EOG AEE DVN LITE JKHY OXY ANET reported after the close on Tuesday and 18 stocks report Wednesday morning with 17 more after the close.

130 SPX companies report this week.

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NVDA +.03, +0.02, formed a spinning top in a five-day bull flag pattern on 125.3 million shares.

MU +63.75, +11.06%, closed at a new all-time high.

SPY all-time new closing high on below average volume of 36.9 million shares.

VIX -0.91, 17.38, 

NDX +1.31% hit an intraday high before closing slightly lower.

DJI, 49,298, +0.73% bounced on Tuesday, formed a bullish harami candle.

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

Up: IWM, QQQ, SPY, DIA,

Down:

The SPY MFC green line is slightly higher at 96.2, price-action is short-term bullish. +0.6. 

Ten of eleven sectors (91.1%) were higher on Tuesday led by XLK, XLB and XLI. 

64 of 100 NDX stocks closed higher on Tuesday.

65 NDX stocks are above their 30 DMA: ROST, MRVL, ARM, AMD, CSX, FAST, AMZN, INTC, KLAC, MPWR, STX, WDC, CSCO, ADI, MCHP, TXN, AMAT, AVGO, GOOGL, LRCX, MELI, AAPL, MU, NVDA, NXPI, SBUX, MNST, ABNB, CDNS, QCOM, SNPS, DASH, MSFT, MSTR, TTWO, APP, DDOG, PANW, CRWD, FTNT, FANG, BKR, KDP, AEP, CEG, TSLA, ADBE, KHC, MDLZ, ADP, COST, PAYX, TRI, ORLY, XEL, ADSK, MDB, WDAY, ZS, ASML, FER, LIN, MAR, ROP, VRSK,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 6

ASML, FER, LIN, MAR, ROP, VRSK,  

Moving Below 30 DMA = 4

CPRT, INTU, PLTR, PYPL,

Add Comments here:

NDX, SPX, RUT, DJI Closed Lower...VIX Closed Higher...

© 2026

SPX -29.37 7,200, pulled back in a one-day bull flag.  Breadth turned negative  as decliners led on both the NYSE and NASDAQ exchanges.  VIX volatility increased as the broad market paused on Monday.  The Middle East conflict continues to be source of volatility as Iran continues to attack its neighbors.

SPX advancers: TSN MU COIN SNDK EBAY ORCL APA DDOG CEG MRNA TTWO.

SPX decliners: UPS FDX CHRW NCLH ODFL L AMD EXPD MHK QCOM SWK.

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EPS season Day 15:   TSN closed higher on a positive EPS reaction.  PNW BRK/B L NCLH closed lower after a negative EPS reaction. 

CTRA FANG ON PLTR PSKY VRTX WMB reported after the close on Monday and 26 stocks report Tuesday morning with 21 more after the close.

130 SPX companies report this week.

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NVDA +.03, +0.02, formed a spinning top in a five-day bull flag pattern on 125.3 million shares.

MU +34.24, +6.31%, closed at a new all-time high.

SPY one-day bull flag pullback on below average volume of 51.9 million shares.

VIX +1.30 18.29, 

NDX -0.21% hit an intraday high before closing slightly lower.

DJI, 48,941, -1.13% moved lower on Monday.

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

Up:

Down: QQQ, SPY, IWM, DIA,

The SPY MFC green line is pointed slightly lower at 95.6, price-action is short-term bullish. -1.3. 

Two of eleven sectors (36.4%) were higher on Monday led by XLE, XLK and XLV. 

41 of 100 NDX stocks closed higher on Monday.

63 NDX stocks are above their 30 DMA: ROST, MRVL, ARM, AMD, CSX, FAST, AMZN, INTC, KLAC, MPWR, STX, WDC, CSCO, ADI, MCHP, TXN, AMAT, AVGO, GOOGL, LRCX, MELI, AAPL, MU, NVDA, NXPI, SBUX, MNST, ABNB, CDNS, PYPL, QCOM, SNPS, DASH, MSFT, MSTR, TTWO, APP, DDOG, PANW, CRWD, FTNT, FANG, BKR, KDP, AEP, CEG, TSLA, ADBE, KHC, MDLZ, ADP, COST, PAYX, TRI, ORLY, XEL, ADSK, CPRT, MDB, PLTR, WDAY, ZS, INTU,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 1

INTU,  

Moving Below 30 DMA = 7

ASML, FER, LIN, MAR, ODFL, PEP, ROP,

Add Comments here:

NDX, RUT, SPX New All-time Closing High...DJI Closed Lower...AAPL Rose After EPS...

© 2026

Our iBullyBear Mentoring account once again hit a new all-time Net Liq high today on strength in MU, SOXL, CIEN, AMUU and NET along with more than ten other gainers on Friday.

SPX +21.11 7,230, moved above Thursday’s high to make a new all-time closing high.  Breadth remained positive but weakened as advancers were mixed on the NYSE and NASDAQ exchanges.  Volume decreased.

On Friday SNDK +90.49, +8.25% and AAPL +8.79, +3.24% on positive earnings while WDC -3.00, -0.69% moved lower on a negative earnings reaction.

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EPS season Day 14:   CBOE SNDK AIG FSLR FRT EL AAPL DXCM DINO CL ARES LIN LNT AJG LYB closed higher on a positive EPS reaction.  CLX SYK MHK AMGN RMD WY CVX MRNA AES CHD XOM D WDC CPT AON GDDY closed lower after a negative EPS reaction. 

BRK/B report EPS on Saturday.

130 SPX companies report next week.

___________________________________________________________________

NVDA -1.12, -0.56%, on 128.6 million shares.

MU +25.05, +4.84%, opened lower, closed higher formed a bullish engulfing in making a new all-time high.

SPX advancers: CBOE PSKY SNDK STX ORCL DDOG INTC AIG LITE FSLR MU.

SPX decliners: LKQ CLX SYK MHK AMGN BLDR BRO RMD BMY GLW TSCO.

SPY all-time high on below average volume of 43 million shares.

VIX +0.10 16.99, 

NDX +0.94% is a new all-time high.

DJI, 49,499, -0.31% paused on Friday from weakness in AMGN in a negative EPS reaction.

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

Up: QQQ, IWM, SPY,

Down: DIA,

The SPY MFC green line is flat at 96.9, price-action is short-term bullish. +0.7. 

Three of eleven sectors (55%) were higher on Friday led by XLK, XLY and XLC. 

58 of 100 NDX stocks closed higher on Friday.

69 NDX stocks are above their 30 DMA: ROST, MRVL, ARM, AMD, CSX, FAST, ODFL, AMZN, INTC, KLAC, MAR, MPWR, STX, WDC, CSCO, ADI, MCHP, TXN, AMAT, AVGO, GOOGL, LRCX, MELI, AAPL, FER, MU, NVDA, NXPI, SBUX, MNST, ABNB, CDNS, PYPL, QCOM, SNPS, DASH, MSFT, MSTR, TTWO, APP, DDOG, PANW, CRWD, FTNT, FANG, BKR, KDP, AEP, CEG, LIN, TSLA, ADBE, KHC, MDLZ, PEP, ADP, COST, PAYX, TRI, ASML, ORLY, XEL, ADSK, CPRT, MDB, PLTR, ROP, WDAY, ZS,

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 7

ADSK, CPRT, MDB, PLTR, ROP, WDAY, ZS,

Moving Below 30 DMA = 1

VRSK,

Add Comments here:

RUT, DJI, SPX, NDX Closed Higher...RUT, SPX, NDX Made All-time Closing Highs...VIX Lower...After-hours: AAPL up...WDC, SNDK down...

© 2026

SPX +73.06 7,209, a new all-time closing high, bounced above the high of the low day in a bull flag pattern.  Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges. Volume was near average for the first time since April 8. This indicated that institutions were buying today at all-time highs.  A great technical sign if you’re expecting the uptrend to continue.

VIX had its largest single-day decline since April 8 and its lowest close since February 2 at a 16.34 close, a sign that institutions were unwinding hedges after earnings from mega-caps AMZN, GOOGL, META and MSFT. Thursday AMC mega-cap AAPL reported EPS. 

On Thursday GOOGL +34.86, +9.96% and AMZN +2.02, +0.77% on positive earnings while META -57.21, -8.55% and MSFT -16.68, -3.93% moved lower on a negative earnings reaction.

After hours: AAPL +5.05, +1.86%, gained on positive earnings while WDC -35.00 -8.05% and SNDK -65.51, -5.97% moved lower on a negative earnings reaction.

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EPS season Day 13:   PWR QCOM IRM GOOGL CAT LLY CARR ORLY TXT MO XEL BMY BAX RCL EG SO AME DTE CMG LKQ TT INVH SBAC TROW ALL VICI ICE MLM TAP AMZN VLO UDR closed higher on a positive EPS reaction.  WTW IP META HUBB BLDR CAH MA BR TYL PH MSFT KLAC SW FTV AOS ITW AWK CHRW AFL REG COP FTI HSY MRK ALGN F MGM APD CI EQIX EBAY LHX LH closed lower after a negative EPS reaction. 

AON ARES CBOE CHD CL CVX D DINO EL FRT LIN LYB MRNA XOM report EPS Friday BMO.

31.2% of SPX companies reported on Tuesday, Wednesday and Thursday.

Thursday AMC: AAPL AES AIG AJG AMGN CLX CPT DXCM FSLR GDDY LNT MHK RMD SNDK SYK WDC WY

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NVDA -9.68, -4.63%, on 225.2 million shares.

MU -1.30, -0.25%, opened higher and traded in a range.

SPX advancers: PWR QCOM TER SWKS CIEN IRM GOOGL CAT LLY CARR ORLY.

SPX decliners: WTW IP META HUBB BLDR CAH NVDA MA BR TYL PH MSFT.

SPY all-time high on near average volume of 67.2 million shares.

VIX -1.92 16.89, 

NDX +0.98% all-time high.

DJI, 49,652, +1.62% bounced in a bull flag pattern

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

Up: IWM, DIA, SPY, QQQ,

Down:

The SPY MFC green line is pointed up at 97.7, price-action is short-term bullish. +0.7. 

All eleven sectors (100%) were higher on Thursday led by XLI, XLU and XLV.  Ironically, XLK +0.25% was the weakest sector.

70 of 100 NDX stocks closed higher on Thursday.

63 NDX stocks are above their 30 DMA: ROST, MRVL, ARM, AMD, CSX, FAST, ODFL, AMZN, INTC, KLAC, MAR, MPWR, STX, WDC, CSCO, ADI, MCHP, TXN, AMAT, AVGO, GOOGL, LRCX, MELI, AAPL, FER, MU, NVDA, NXPI, SBUX, MNST, ABNB, CDNS, PYPL, QCOM, SNPS, DASH, MSFT, MSTR, TTWO, APP, DDOG, PANW, CRWD, FTNT, FANG, BKR, KDP, AEP, CEG, LIN, TSLA, ADBE, KHC, MDLZ, PEP, ADP, COST, PAYX, TRI, VRSK, ASML, ORLY, XEL,

NDX Stocks to Watch on Friday

Moving Above 30 DMA = 3

ASML, ORLY, XEL,

Moving Below 30 DMA = 5

CPRT, EA, MDB, META, ROP,

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