SPX, NDX, DIA Closed Higher...IWM Closed Lower...VIX Hits Six-month Low...Earnings Season Starts Tuesday: JPM, C, BAC, WFC & more...

© 2026

SPX +31.75, 7,575, opened flat and closed higher, just 34 points below its all-time closing high.  Both the NDX and SPX rose in their 5-week sideways channel.  Breadth was mixed as advancers led on the NYSE and decliners led on the NASDAQ exchange.

SPX was choppy this week, but did gain 92 points: Monday up, Tuesday down, Wednesday down then up, Thursday up and Friday down then up.

Earnings season starts Tuesday with JPM, C, BAC, WFC & more.

SK Hynix ADR IPO started trading under the temporary symbol (SKHYV) on Friday.

SpaceX, SPCX, closed at 145.30, -4.51%. Our view is that SPCX, with no earnings, IS an overvalued speculation.

SPX advancers: META WY SBAC NVDA CCI BF/B CLX NKE MOS BBY CAG.

SPX decliners: MRNA CRWD DDOG FTNT GILD PANW DELL MRVL FDXF FLEX.

SPY +0.43%, below average volume of 42.2 million shares.

VIX -0.81, 15.03.

NDX +0.33% opened lower and closed higher, crossing above its 30 DMA.

DJI, 52,637 +0.29%, bounced above the high of the following day in its bull flag pattern.

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

Up: SPY, QQQ, DIA,

Down: IWM,

The SPY MFC green line is up at 73, price-action remained above ST support and is short-term bullish. +5.3

Ten of eleven sectors were higher on Friday led by XLB, XLP and XLC. 

55 of 100 NDX stocks closed higher on Friday.

55 NDX stocks are above their 30 DMA: AMAT, MNST, PANW, CRWD, FTNT, EA, FAST, PCAR, CCEP, EXC, LIN, BKNG, VRTX, ABNB, DASH, TTWO, AEP, AMGN, ALAB, AXON, GEHC, ROP, SBUX, CSX, KHC, ADP, DDOG, MELI, PAYX, PYPL, REGN, ALNY, CTAS, TRI, AAPL, GILD, WDAY, DXCM, META, PDD, AMD, AMZN, ASML, AVGO, IDXX, TSLA, TXN, ADBE, CSCO, HON, KDP, NVDA, SNDK, TMUS, XEL,

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 8

ADBE, CSCO, HON, KDP, NVDA, SNDK, TMUS, XEL,

Moving Below 30 DMA = 2

CDNS, MDB,

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NDX, RUT, SPX, DJI Closed Higher as Semis, Tech Stocks Rally...Breadth Strengthens...

© 2026

SPX +60.93, 7,543, opened and closed higher, confirmed Wednesday’s hammer candle for a bounce continuation move.  SPX is just 66 points below its highest close, in its multi-week channel.  Both the NDX and SPX rose in their 5-week sideways channel.  Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges.

Reports indicate that SK Hynix ADR IPO (SKHY) is 7 times oversubscribed, will start trading on Friday.  MU, SK Hynix and Samsung South Korean companies have been tradeable in the DRAM ETF since April 2.

SpaceX, SPCX, closed at 152.16, +2.60%. Our view is that SPCX, with no earnings, IS an overvalued speculation.

SPX advancers: LITE HPE FDXF SNDK NCLH LRCX IVZ AMD PANW FCX WDC.

SPX decliners: APA PSKY COST CINF PEP MCK PM DVN J AXON EOG.

SPY +0.85%, below average volume of 40.8 million shares.

VIX -1.06, 15.84.

NDX +1.62% opened and closed higher, below its 30 DMA.

DJI, 52,487 +0.27%, a three-day bull flag pattern.

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

Up: QQQ, IWM, SPY, DIA,

Down:

The SPY MFC green line is up at 67.7, price-action remained above ST support and is short-term bullish. +3.2

Seven of eleven sectors were higher on Thursday led by XLK, XLY and XLF. 

65 of 100 NDX stocks closed higher on Thursday.

49 NDX stocks are above their 30 DMA: AMAT, MNST, PANW, CRWD, FTNT, EA, FAST, PCAR, CCEP, EXC, LIN, BKNG, VRTX, ABNB, DASH, TTWO, AEP, AMGN, ALAB, AXON, GEHC, ROP, AZN, SBUX, CSX, KHC, ADP, DDOG, MELI, PAYX, PYPL, REGN, ALNY, CTAS, MDB, TRI, AAPL, GILD, WDAY, DXCM, META, PDD, AMD, AMZN, ASML, AVGO, CDNS, IDXX, TSLA, TXN, 

NDX Stocks to Watch on Friday

Moving Above 30 DMA = 8

AMD, AMZN, ASML, AVGO, CDNS, IDXX, TSLA, TXN,   

Moving Below 30 DMA = 4

AZN, ISRG, PLTR, XEL,

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NDX Closed Higher as Semi and Technology Stocks Rallied...SPX, RUT, DJI Closed Lower...SPX Formed a Hammer Candle...

© 2026

SPX -21.14, 7,482, traded in a range and formed a hammer candle, in its multi-week channel.  Both the NDX and SPX paused in its 4 1/2 -week consolidation sideways channel.  Breadth remained negative as decliners led on the NYSE and NASDAQ exchanges.

SpaceX, SPCX, closed at 148.30, -0.78%, closed lower. Our view is that SPCX, with no earnings, IS an overvalued speculation.

SPX advancers: AKAM ANET SMCI SNDK DINO VLO BKR MPC CIEN CASY PSX.

SPX decliners: SYF MRNA SW AXON RMD GPN ALGN AMCR COF BLDR PHM.

SPY -0.31%, below average volume of 42.9 million shares.

VIX +0.77, 16.90.

NDX +0.27% opened lower, closed higher, below its 30 DMA.

DJI, 52,348 -1.09%, a two-day bull flag pattern.

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

Up: QQQ,

Down: SPY, IWM, DIA,

The SPY MFC green line is flat at 64.5, price-action remained above ST support and is short-term bullish. -0.7

Two of eleven sectors were higher on Wednesday led by XLE, XLK and XLP. 

39 of 100 NDX stocks closed higher on Wednesday.

45 NDX stocks are above their 30 DMA: AMAT, MNST, PANW, CRWD, FTNT, EA, FAST, PCAR, CCEP, EXC, LIN, BKNG, VRTX, ABNB, DASH, TTWO, AEP, AMGN, ALAB, AXON, GEHC, ROP, XEL, AZN, SBUX, CSX, KHC, ADP, DDOG, MELI, PAYX, PYPL, REGN, ALNY, CTAS, MDB, TRI, AAPL, GILD, ISRG, WDAY, DXCM, META, PDD, PLTR,

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 0

Moving Below 30 DMA = 7

AMD, APP, KDP, GOOGL, IDXX, PEP, TMUS,

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DJI Makes Intraday All-time High...DJI, SPX, RUT, NDX Closed Lower as Semi's and Tech Stocks Pull Back...SPCX Joins NDX...

 

© 2026

SPX -3.11, 7,503, traded in a range and closed slightly lower, in its multi-channel.  Both the NDX and SPX paused in its 4-week consolidation sideways channel.  Breadth weakened and turned negative as decliners led on the NYSE and NASDAQ exchanges.

SpaceX, SPCX, closed at 149.47, -6.83%, was added to the NDX 100 today. Our view is that SPCX, with no earnings, IS an overvalued speculation.

SPY -0.48% on below average volume of 43.7 million shares.

VIX +0.56, 16.13.

NDX -1.77% opened and closed lower, below its 30 DMA.

DJI, 52,925 -0.25%, an all-time intraday high 53,289.

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

Up:

Down: DIA, SPY, IWM, QQQ,

The SPY MFC green line is up at 65.2, price-action remained above ST support and is short-term bullish. +3.5

Six of eleven sectors were higher on Tuesday led by XLE, XLV and XLRE. 

47 of 100 NDX stocks closed higher on Tuesday.

52 NDX stocks are above their 30 DMA: AMD, AMAT, MNST, PANW, CRWD, FTNT, KDP, KLAC, EA, FAST, PCAR, CCEP, EXC, LIN, BKNG, VRTX, ABNB, DASH, TTWO, AEP, AMGN, ALAB, AXON, GEHC, ROP, XEL, AZN, SBUX, CSX, KHC, ADP, DDOG, MELI, PAYX, PYPL, REGN, ALNY, APP, CTAS, MDB, TRI, AAPL, GILD, IDXX, ISRG, PEP, WDAY, DXCM, GOOGL, META, PDD, PLTR, TMUS,   

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 1

TMUS,     

Moving Below 30 DMA = 7

ASML, FER, HON, INTC, KLAC, TSLA, TXN,

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NDX, SPX, RUT, DJI Closed Higher, DJI Closed Above 53,000, a New All-time Closing High...SPCX to NDX 100 on Tuesday BMO...

© 2026

SPX +54.19, 7,537, opened and closed higher, in its channel bounce pattern.  Both the NDX and SPX bounced in its 4-week consolidation sideways channel.  Breadth improved and remained positive as advancers led on the NYSE and NASDAQ exchanges.

SpaceX, SPCX, closed at 160.42, -0.98%. SPCX will be added to the NDX 100 Tuesday before the open. Our view is that SPCX, with no earnings, IS an overvalued speculation.

SPX advancers: ANET WDC TSLA AMD NTAP VRT STX QCOM PCAR IBKR HPE.

SPX decliners: SOLS ORLY AZO ARE STZ TSCO KDP CSGP CMG SJM GIS.

SPY +0.87% on average volume of 57.5 million shares.

VIX -0.24, 15.57, VIX fell -.34 on Friday to 15.81.

NDX +1.26% opened and closed higher, below its 30 DMA.

DJI, 53,055 +0.29%, new all-time closing high.

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

Up: QQQ, SPY, IWM, DIA,

Down:

The SPY MFC green line is up at 61.7, price-action remained above ST support and is short-term bullish. +11.8

Five of eleven sectors were higher on Monday led by XLK, XLF and XLI. 

56 of 100 NDX stocks closed higher on Monday.

58 NDX stocks are above their 30 DMA: AMD, AMAT, MNST, PANW, CRWD, FTNT, KDP, ASML, KLAC, EA, FAST, PCAR, CCEP, EXC, LIN, BKNG, VRTX, ABNB, DASH, TTWO, AEP, AMGN, ALAB, AXON, GEHC, ROP, XEL, AZN, SBUX, CSX, KHC, ADP, DDOG, MELI, PAYX, PYPL, REGN, ALNY, APP, CTAS, MDB, TRI, AAPL, GILD, HON, IDXX, ISRG, PEP, WDAY, DXCM, FER, GOOGL, INTC, META, PDD, PLTR, TSLA, TXN,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 9

DXCM, FER, GOOGL, INTC, META, PDD, PLTR, TSLA, TXN,    

Moving Below 30 DMA = 1

ORLY,

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DJI 52,900 a new All-time Closing High...SPX Flat...RUT, NDX Closed Down...Technology Sector Leads Selloff...Markets Closed Friday Observance of July 4th Independence Day...

© 2026

Markets are closed Friday, July 3 for observance of the 250th anniversary of Independence Day of the United States, on Saturday July 4th. Have a Magnificient three-day weekend.

SPX +0.01, 7,483, opened higher, traded in a range and closed one cent higher, continued above its 30 DMA.  Both the NDX and SPX are in a 4-week consolidation sideways channel.  Breadth was mixed as advancers led on the NYSE and decliners led slightly on the NASDAQ exchange.

SpaceX, SPCX, closed at 162.00, +2.83%.  Our view is that SPCX, with no earnings continues to be an overvalued speculation, even with inclusion in the NDX on July 7.

SPX advancers: GPC MRNA EFX VRTX SPGI ISRG LDOS NOC TYL AJG FICO.

SPX decliners: SNDK TER KLAC FLEX GLW STX LRCX WDC MRVL COHR LITE.

SPY -0.13% on average volume of 57.5 million shares.

VIX -0.44, 16.15,

NDX -1.54% opened lower and closed lower, below its 30 DMA.

DJI, 52,900, +0.57%, new all-time closing high.

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

Up: DIA,

Down: SPY, IWM, QQQ,

The SPY MFC green line is up at 49.9, price-action remained above ST support and is short-term bullish. +5.3

Eight of eleven sectors were higher on Thursday led by XLV, XLU and XLP. 

55 of 100 NDX stocks closed higher on Thursday.

50 NDX stocks are above their 30 DMA: AMD, AMAT, MNST, PANW, CRWD, FTNT, KDP, ASML, KLAC, EA, FAST, PCAR, CCEP, EXC, LIN, BKNG, VRTX, ABNB, DASH, TTWO, AEP, AMGN, ALAB, AXON, GEHC, ROP, XEL, AZN, SBUX, CSX, KHC, ADP, DDOG, MELI, ORLY, PAYX, PYPL, REGN, ALNY, APP, CTAS, MDB, TRI, AAPL, GILD, HON, IDXX, ISRG, PEP, WDAY,

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 7

AAPL, GILD, HON, IDXX, ISRG, PEP, WDAY,

Moving Below 30 DMA = 9

INTC, LRCX, META, MRVL, MU, SNDK, TER, TSLA, WDC,

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DJI was Flat...SPX, RUT NDX Closed Lower...Technology Sector and Semiconductor Stocks Led Broad Market Lower...META, Mega-Caps, Financial Sector Led Stocks...

© 2026

SPX -16.13, 7,483, opened higher, traded in a range and closed slightly lower above 30 DMA.  Both the NDX and SPX in a 3-week consolidation paused.  Breadth was slightly stronger as advancers led on the NYSE and the NASDAQ exchanges.

SpaceX, SPCX, closed at 157.54, -7.80%.  Our view is that SPCX with no earnings continues to be an overvalued speculation even with inclusion in the NDX on July 7.

SPX advancers: APP COIN META GIS HOOD PLTR SPGI ELV ALGN IBKR FDS.

SPX decliners: GLW KLAC TER SNDK MU AMAT LRCX INTC MRVL GNRC VRT.

SPY -0.14% on below average volume of 47.1 million shares.

VIX +0.14, 16.59,

NDX -1.54% opened lower and closed lower above its 30 DMA.

DJI, 52,305, -0.03%, slightly below Tuesday’s all-time closing high.

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

Up: DIA,

Down: SPY, IWM, QQQ,

The SPY MFC green line is up at 44.6, price-action remained above ST support and is short-term bullish. +6.9

Seven of eleven sectors were higher on Wednesday led by XLC, XLF and XLY. 

59 of 100 NDX stocks closed higher on Wednesday.

52 NDX stocks are above their 30 DMA: MRVL, AMD, AMAT, LRCX, MU, MNST, PANW, CRWD, FTNT, KDP, ASML, KLAC, EA, FAST, PCAR, CCEP, EXC, LIN, BKNG, INTC, WDC, VRTX, ABNB, DASH, TTWO, AEP, AMGN, ALAB, TER, AXON, GEHC, ROP, XEL, AZN, HON, SBUX, CSX, KHC, ADP, DDOG, MELI, ORLY, PAYX, PYPL, REGN, ALNY, TSLA, APP, CTAS, MDB, META, TRI,

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 5

APP, CTAS, MDB, META, TRI,

Moving Below 30 DMA = 5

ARM, CMCSA, FER, NBIS, STX,  

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NDX, SPX, RUT, DJI Close Higher Led by Technology Sector and Semiconductor Stocks...DJI New All-time Closing High...

© 2026

SPX +58.93, 7,499, opened higher and closed higher above 30 DMA.  Both the NDX and SPX in a 3-week consolidation continued to bounce.  Breadth weakened.  Decliners led slightly on the NYSE while advancers led on the NASDAQ exchange.  VIX closed lower at 16.45.

GOOGL continued to rise after it replaced VZ in the DJIA Monday before the open.

SpaceX, SPCX, closed at 170.86, +4.06%.  Continued to move higher after inclusion in the Russell 1000 and news that it will join the Nasdaq 100 on July 7.

SPX advancers: SNDK AXON VRT KLAC APD AMD SOLS MRVL ON GEV INTC.

SPX decliners: DLR HRL ZBH MOS T TKO HST SYK UBER GIS CEG.

SPY +0.78% on average volume of 55.6 million shares.

VIX -1.20, 16.45,

NDX +1.68% opened higher and closed higher above its 30 DMA.

DJI, 52,319, +0.26%, new all-time closing high.

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

Up: QQQ, SPY, IWM, DIA

Down:

The SPY MFC green line turned up at 37.7 and price-action closed higher and continued above ST support and is short-term bullish. +6.9

Four of eleven sectors were higher on Tuesday led by XLK, XLI and XLB. 

51 of 100 NDX stocks closed higher on Tuesday.

52 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, AMAT, LRCX, AAPL, MU, MNST, PANW, CRWD, FTNT, KDP, ASML, KLAC, EA, FAST, PCAR, CCEP, EXC, LIN, BKNG, INTC, WDC, VRTX, FER, ABNB, DASH, TTWO, AEP, AMGN, ALAB, NBIS, TER, AXON, GEHC, ROP, XEL, AZN, HON, SBUX, CSX, KHC, ADP, DDOG, MELI, ORLY, PAYX, PYPL, REGN, ALNY, CMCSA, STX, TSLA,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 0

Moving Below 30 DMA = 3

HON, MDB, WBD,

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NDX, SPX, DJI Closed Higher...DJI All-time Closing High...Breadth Remained Positive...

 

© 2026

SPX +86.41, 7,440, opened higher and closed higher above the high of the low day, a bull flag bounce.  The NDX and SPX in a 3-week consolidation bounced above the high of the low day.  Breadth weakened but remained positive as advancers led on both the NYSE and the NASDAQ exchanges.  VIX closed lower.

GOOGL replaced VZ in the DJIA today, June 29 before the open.

SpaceX, SPCX, closed at 164.19, +7.15%.  Moved higher after inclusion in the Russell 1000 and news that it will join the Nasdaq 100 on July 7.

SPX advancers: GLW KLAC WDC AMAT AXON CHTR PANW FLEX TSLA LRCX STX.

SPX decliners: SMCI CPRT ULTA MLM VZ CCI TMUS NUE TGT STLD STZ.

SPY +1.65% on slightly above average volume of 58 million shares.

VIX -0.76, 17.65,

NDX +2.25% opened higher and closed above its 30 DMA.

DJI, 52,182, +0.59%, new all-time closing high.

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

Up: QQQ, SPY, DIA

Down: IWM,

The SPY MFC green line is down at 30.8 and price-action closed lower but above ST support and is counter-trend defensive. -1.8

Six of eleven sectors were higher on Monday led by XLY, XLK and XLC. 

61 of 100 NDX stocks closed higher on Monday.

55 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, AMAT, LRCX, AAPL, MU, MNST, PANW, CRWD, FTNT, KDP, ASML, KLAC, EA, FAST, PCAR, CCEP, EXC, LIN, BKNG, INTC, WDC, VRTX, FER, ABNB, DASH, TTWO, AEP, AMGN, ALAB, NBIS, TER, AXON, GEHC, ROP, XEL, AZN, HON, SBUX, CSX, KHC, ADP, DDOG, MELI, ORLY, PAYX, PYPL, REGN, ALNY, CMCSA, MDB, STX, TSLA, WBD,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 6

ALNY, CMCSA, MDB, STX, TSLA, WBD,

Moving Below 30 DMA = 1

TRI,

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RUT Closed at a New All-time High...DJI, SPX, NDX Closed Lower...Semiconductors had a Two-day net gain Thursday/Friday...

© 2026

SPX -3.47, 7,354, opened lower, after MU, SNDK, DRAM, SMH, SOXL and semiconductor stocks gave back some of Thursday’s large gains in Thursday’s after-hours and Fridays premarket.   Semiconductor stocks had a two-day net gain for the Thursday/Friday time frame after MU's major EPS beat Wednesday after the close.  

Breadth strengthened as advancers led on both the NYSE and the NASDAQ exchanges by large margins.  VIX closed lower. RUT and IWM closed at new all-time highs.

The charts indicate the four indexes are in an uptrend with NDX and SPX in a 3-week consolidation.  Narratives seem to become more ambiguous whenever major indexes are in consolidation.  It seems as if observers aren't aware that prices fluctuate continuously and that trends consolidate.  Consolidation does NOT mean the trend is over.

GOOGL will replace VZ in the DJIA Monday, June 29 before the open.

SpaceX, SPCX, closed at 153.23, +0.15%.  Our view is that SPCX with no earnings continues to be an overvalued speculation.  As Ben Graham observed there is intelligent speculation, like there is intelligent investing.  If you choose to speculate do so intelligently.

SPX advancers: MRNA FDS NOW WDAY DDOG VEEV LLY APP BIIB IT GDDY.

SPX decliners: ON WDC STX SNDK FLEX KEYS TXN QCOM EME TER ADI.

SPY -0.72% on above average volume of 71 million shares.

VIX -0.48, 18.41,

NDX -1.09% opened lower, traded in a range and closed lower.DJI, 51,920, -0.09%, closed lower.

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

Up: IWM,

Down: DIA, SPY, QQQ,

The SPY MFC green line is down at 32.6 and price-action closed lower but above ST support and is counter-trend defensive. -9.4

Seven of eleven sectors were higher on Friday led by XLV, XLRE and XLP. 

57 of 100 NDX stocks closed higher on Friday.

50 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, AMAT, LRCX, AAPL, MU, MNST, PANW, CRWD, FTNT, KDP, ASML, KLAC, EA, FAST, PCAR, CCEP, EXC, LIN, BKNG, INTC, WDC, VRTX, FER, ABNB, DASH, TTWO, AEP, AMGN, ALAB, NBIS, TER, AXON, GEHC, ROP, XEL, AZN, HON, SBUX, CSX, KHC, ADP, DDOG, MELI, ORLY, PAYX, PYPL, REGN, TRI,

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 8

ADP, DDOG, MELI, ORLY, PAYX, PYPL, REGN, TRI,

Moving Below 30 DMA = 5

ADI, ALNY, STX, TXN, WBD,

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NDX, RUT, DJI, SPX Closed Higher...NDX, SPX in 3-week Consolidation...DJI New Intraday High...MU Reports EPS Beyond Expectations...

© 2026

SPX -0.73, 7,357, opened higher, after MU reported an EPS beat with a strong positive reaction which lifted semiconductor stocks, then traded in a range and closed flat.  Breadth was flat as advancers led on the NYSE, and decliners led slightly on the NASDAQ exchange.  VIX closed slightly higher.

The charts indicate the four indexes are in an uprend with NDX and SPX in a 3-week consolidation.  Narratives seem to become more ambiguous whenever major indexes are in consolidation.  It seems as if observers weren't aware that prices fluctuate continuously and that trends consolidate.  Consolidation does NOT mean the trend is over.

Before the open, the PCE report was inline, the GDP report adjusted up to 2.1% and Jobless Claims were better (lower) than expected.

SpaceX, SPCX, closed at 153.00, -1.00%.  Our view is that SPCX with no earnings continues to be a total speculation.  As Ben Graham observed there is intelligent speculation, like there is intelligent investing.  If you choose to speculate do so intelligently.

MU +165.05, +15.74%, reported Wednesday after the close adj. EPS $25.11 beats $20.63 estimate, Sales $41.456B beat $35.590B estimate.

SPX advancers: SNDK TECH MU AMAT GLW TER KLAC RVTY LRCX FLEX CAT.

SPX decliners: AAPL TJX ROST DELL MSCI CTSH AKAM PLTR CPAY COIN NDAQ.

SPY +0.14% on slightly below average volume of 54 million shares.

VIX -0.26, 18.89,

NDX +0.75% traded gapped up, traded in a range and closed higher.

DJI, 51,920, +0.14%, closed higher, hit an all-time intraday high.

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

Up: QQQ, IWM, DIA, SPY,

Down:

The SPY MFC green line is down at 42 and price-action closed above ST support and is short-term bullish. -3.8

Seven of eleven sectors were higher on Thursday led by XLI, XLV and XLB. 

49 of 100 NDX stocks closed higher on Thursday.

47 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, STX, AMAT, LRCX, AAPL, MU, MNST, PANW, CRWD, FTNT, KDP, ASML, KLAC, EA, FAST, PCAR, CCEP, EXC, LIN, BKNG, INTC, WDC, VRTX, FER, ABNB, DASH, TTWO, AEP, AMGN, ALAB, NBIS, TER, AXON, GEHC, ROP, XEL, ALNY, AZN, HON, SBUX, WBD, ADI, CSX, KHC, TXN,

NDX Stocks to Watch on Friday

Moving Above 30 DMA = 4

ADI, CSX, KHC, TXN,

Moving Below 30 DMA = 5

CSCO, MAR, MDLZ, MELI, ROST,

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