Friday, October 23, 2026

NDX, RUT, SPX, DJI Closed Lower...Breadth Weakened...CRWD, NET, CRWD Closed Higher...


© 2026


SPX -39.75, 7,623 opened and closed lower, formed a red candle.  Breadth weakened as decliners led on both the NYSE and NASDAQ exchanges.  The SPX closed near Oct 1 support.

IBM closed above resistance at a 4-month high.

SPX advancers: CCI CRWD SLB PANW HAL APA DVN DDOG FTNT FTI FANG.
SPX decliners: LKQ BE BL T TMUS FICO CBRE DECK DLTR MET LULU GD.

Oil /CL rose +3.97 and closed at 103.44.

Earnings season continues next week with 167 SPX companies reporting including AMZN, GOOGL and MSFT.

SPY -3.99, -0.52, below average volume of 33.5 million shares. 
VIX +0.42, 19.45 closed higher.

Up: QQQ,
Down: IWM, SPY, DIA,


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


SPCX closed at 147.57, +2.82, volume of 112 million shares. SPCX reached an important milestone by becoming profitable on Tuesday.  Revenues were a $58 billion annual run rate.  Our view is that SPCX, proved its ability to produce profits from its business plan.  IPO at 135 on June 12.  Investors seem to be willing to speculate on this company’s long-term fundamental future and it took a major step forward on Tuesday.  Rumors continue to circulate that SpaceX may acquire TSLA. 

The SPY MFC green line turned down at 52.8, price-action formed an inverted hammer at diagonal support and is counter-trend defensive. -2.1.

Three of eleven sectors were higher on Friday, XLK +0.49%. 


33 of 100 NDX stocks closed higher on Friday.

50 NDX stocks are above their 30 DMA: AAPL, ISRG, TXN, MSFT, MAR, FAST, COST, LIN, ADSK, AEP, PYPL, ADP, CCEP, CTAS, ODFL, ORLY, TRI, XEL, MRNA, AMGN, KDP, EXC, FANG, GEHC, IDXX, MDLZ, CSX, ABNB, AZN, GILD, INTU, MNST, REGN, ADBE, HON, PAYX, ROP, SBUX, WDAY, PEP, PLTR, KHC, NXPI, TSLA, VRTX, CMCSA, CPRT, CRWD, DDOG, FTNT,

NDX Stocks to Watch on Monday
Moving Above 30 DMA = 3
CRWD, DDOG, FTNT,


Moving Below 30 DMA = 4  
MELI, PDD, ROST, TTWO,



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Thursday, October 22, 2026

DJI Close Higher...RUT, SPX, NDX Closed Lower...Big Selloff Follows META, TSLA, IBM EPS Beats...


© 2026

SPX -93.74, 7,663 opened and closed lower, formed a red candle.  Breadth was mixed as advancers led on the NYSE and decliners led on the NASDAQ exchange.  The SPX rolled over and closed near Friday’s close of 7,659.

IBM rose while TSLA and META fell on Thursday as each company beat EPS and sales. 
IBM +0.65, +0.26%, EPS $2.95 beats $2.86 estimate, sales $17.103B beat $16.822B estimate.  
TSLA -11.89, -3.08%, EPS $0.48 beats $0.43 Estimate, sales $28.046B beat $27.883B estimate.  
META -48.67, -6.98%, EPS $7.40 beats $5.74 Estimate, sales $64.601B beat $63.373B estimate.

SPX advancers: POOL ALLE ROP MHK CPB LEN BX GIS LULU HPQ CSGP.
SPX decliners: MRNA COHR LRCX LITE CIEN GEV TER VST KLAC Q KEYS.

Oil /CL rose +1.39 and closed at 99.10.

Earnings season continues with earnings from AXP and SLB on Friday among 75 SPX companies this week.

SPY -9.13, -1.18%, above average volume of 54 million shares.
VIX +2.35, 19.03 closed higher.

Up: DIA,
Down: IWM, SPY, QQQ,


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


SPCX closed at 144.75, -14.56, volume of 197 million shares. SPCX reached an important milestone by becoming profitable on Tuesday.  It reported EPS $0.35 beat $0.12 estimate, sales $14.575B beat $12.738B estimate.  That is a $58 billion annual run rate.

Our view is that SPCX, proved its ability to produce profits from its business plan.  IPO at 135 on June 12.  Investors seem to be willing to speculate on this company’s long-term fundamental future and it took a major step forward today.  Rumors continue to circulate that SpaceX may acquire TSLA. 

The SPY MFC green line turned down at 54.9, price-action pulled back to last Friday’s support on Thursday forming a red spinning top candle pattern and is counter-trend defensive. -3.81.

Six of eleven sectors were higher on Thursday, XLK -3.62%.


50 of 100 NDX stocks closed higher on Thursday.

51 NDX stocks are above their 30 DMA: AAPL, ISRG, TXN, MSFT, MAR, FAST, COST, LIN, ADSK, AEP, PYPL, ADP, CCEP, CTAS, ODFL, ORLY, TRI, XEL, MRNA, AMGN, KDP, EXC, FANG, GEHC, IDXX, MDLZ, CSX, ABNB, AZN, GILD, INTU, MNST, REGN, ROST, ADBE, HON, MELI, PAYX, ROP, SBUX, WDAY, PEP, PLTR, KHC, NXPI, TSLA, VRTX, CMCSA, CPRT, PDD, TTWO,

NDX Stocks to Watch on Friday
Moving Above 30 DMA = 4
CMCSA, CPRT, PDD, TTWO,


Moving Below 30 DMA = 9  
ADI, AMZN, CDNS, DDOG, MCHP, MDB, MSTR, SNPS, SPCX,



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Wednesday, October 21, 2026

NDX, DJI, SPX, RUT Closed Higher...SPCX +7% Gap Up EPS Beat...Afterhours: META up, IBM, TSLA down on EPS Beats...


© 2026


SPX +44.60, 7,757 opened and closed higher, formed a white candle.  Breadth weakened as decliners led on the NYSE and advancers led on the NASDAQ exchange.  The SPX continued to bounce.

SPX advancers: SMCI CRL BE ECHO DDOG ILMN CRWD CIEN DELL WDC VRT.
SPX decliners: ROL DXCM T LRCX NFLX EXPE CMG LVS CCI SBAC DASH.

Oil /CL fell -0.47 and closed at 97.71.

After-hours EPS:
META +23.48, +3.37, EPS $7.40 beats $5.74 Estimate, sales $64.601B beat $63.373B estimate.
IBM -6.47, -2.57%, EPS $2.95 beats $2.86 estimate, sales $17.103B beat $16.822B estimate.
TSLA -8.42, -2.18%, EPS $0.48 beats $0.43 Estimate, sales $28.046B beat $27.883B estimate.

Earnings season continues with earnings from PHM, DECK and WDC on Thursday among 75 SPX companies this week.

SPY +3.92, +0.51%, below average volume of 31.8 million shares, a white candle. 
VIX -0.63, 16.68 closed lower.

Up: QQQ, DIA, SPY, IWM,
Down:


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


SPCX closed at 159.31, +11.52, volume of 222 million shares. SPCX reached an important milestone by becoming profitable yesterday.  It reported EPS $0.35 beat $0.12 estimate, sales $14.575B beat $12.738B estimate.  That is a $58 billion annual run rate.

Our view is that SPCX, proved its ability to produce profits from its business plan.  IPO at 135 on June 12.  Investors seem to be willing to speculate on this company’s long-term fundamental future and it took a major step forward today.  Rumors continue to circulate that SpaceX may acquire TSLA. 

The SPY MFC green line turned up at 59.7, price-action bounced on Wednesday forming a white candle pattern and is short-term bullish. +2.1.

Six of eleven sectors were higher on Wednesday, XLK +1.54%. 


57 of 100 NDX stocks closed higher on Wednesday.

56 NDX stocks are above their 30 DMA: AAPL, ISRG, ADI, TXN, MSFT, MAR, SNPS, CDNS, FAST, COST, LIN, ADSK, AEP, PYPL, ADP, CCEP, CTAS, ODFL, ORLY, TRI, XEL, MRNA, AMGN, KDP, EXC, FANG, GEHC, IDXX, MDLZ, CSX, ABNB, AZN, GILD, INTU, MNST, REGN, ROST, ADBE, HON, MELI, PAYX, ROP, SBUX, WDAY, PEP, AMZN, PLTR, KHC, MCHP, NXPI, TSLA, VRTX, DDOG, MDB, MSTR, SPCX,

NDX Stocks to Watch on Thursday
Moving Above 30 DMA = 4
DDOG, MDB, MSTR, SPCX,


Moving Below 30 DMA = 2
CMCSA, PDD,



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Tuesday, October 20, 2026

IWM, DIA, SPY Closed Higher...QQQ Closed Lower...Earnings Season Continues...SPCX Beats, Soars 8% After-hours...


© 2026


SPX +21.84, 7,712 opened lower, closed higher, formed a bullish engulfing candle.  Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges.  The SPX formed a bull flag bounce.

SPX advancers: SMCI DELL WDC BE ON HPE LITE VRT BMY MRVL ECHO.
SPX decliners: ISRG NFLX GM GE BAX BXP ABT AAPL NEM WMT ACN.

Oil /CL fell -0.06 and closed at 98.18.

Earnings season continues with earnings from IBM, LRCX, META, TSLA, TXN and URI on Wednesday among 75 SPX companies this week.

SPY +2.57, +0.34%, below average volume of 35.1 million shares, a white candle. 
VIX -1.13, 17.31 closed lower.

Up: IWM, DIA, SPY,  
Down: QQQ,


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


SPCX closed at 147.79, -0.17, volume of 116.6 million shares. SPCX reached an important milestone by becoming profitable today.  It reported EPS $0.35 beat $0.12 estimate, sales $14.575B beat $12.738B estimate.  That is a $58 billion annual run rate.  Our view is that SPCX, proved its ability to produce profits from its business plan.  IPO at 135 on June 12.  Investors seem to be willing to speculate on this company’s long-term fundamental future and it took a major step forward today.  Rumors continue to circulate that SpaceX may acquire TSLA. 

The SPY MFC green line is down at 57.6, price-action bounced on Tuesday forming a bullish engulfing pattern, closed above the following day and is counter-term defensive. -5.6.

Ten of eleven sectors were higher and XLE was unchanged on Tuesday, XLK +0.72%. 


62 of 100 NDX stocks closed higher on Tuesday.

54 NDX stocks are above their 30 DMA: AAPL, ISRG, ADI, TXN, MSFT, MAR, SNPS, CDNS, FAST, COST, LIN, ADSK, AEP, PYPL, ADP, CCEP, CTAS, ODFL, ORLY, TRI, XEL, MRNA, AMGN, KDP, PDD, EXC, FANG, GEHC, IDXX, MDLZ, CSX, ABNB, AZN, GILD, INTU, MNST, REGN, ROST, ADBE, HON, MELI, PAYX, ROP, SBUX, WDAY, PEP, AMZN, PLTR, CMCSA, KHC, MCHP, NXPI, TSLA, VRTX,

NDX Stocks to Watch on Wednesday
Moving Above 30 DMA = 6
CMCSA, KHC, MCHP, NXPI, TSLA, VRTX,


Moving Below 30 DMA = 2
DASH, DDOG,  



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Monday, October 19, 2026

NDX, SPX, IWM Closed Higher...DJI Closed Lower...GE, GM, MMM Report EPS BMO...NFLX, UAL and SPCX Report EPS Tuesday AMC...


© 2026


SPX +31.29, 7,690 opened and closed higher, formed a bullish harami candle.  Breadth strengthened as advancers were mixed but decliners still led on both the NYSE and NASDAQ exchanges.  The SPX formed a nine-day bull flag pattern.

SPX advancers: SNDK WDC DDOG AMZN MRVL PLTR MRNA LRCX ANET TER.
SPX decliners: MOS NRG AMP MHK WRB ES STLD LKQ CEG CAG DHI.

Oil /CL fell -0.80 and closed at 98.24.

Earnings season continues with earnings from GE, GM, MMM, COF, NFLX, UAL, SPCX, IBM, LRCX, META, TSLA, TXN and URI on Tuesday and Wednesday among 75 SPX companies this week.

SPY +4.16, +0.55%, below average volume of 38.8 million shares, a bullish harami. 
VIX -1.55, 18.44 closed lower.

Up: QQQ, SPY, IWM,
Down: DIA,


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


SPCX closed at 148.84, +2.78, volume of 74.5 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.  SPCX reports EPS after the close on Tuesday, Oct 20.  Rumors continue to circulate that SpaceX may acquire TSLA. 

The SPY MFC green line is down at 63.2, price-action bounced on Monday forming a bullish harami candle pattern and is counter-term defensive. -7.2.

Three of eleven sectors were higher on Monday, XLK +1.41%. 


63 of 100 NDX stocks closed higher on Monday.

50 NDX stocks are above their 30 DMA: AAPL, ISRG, ADI, TXN, MSFT, MAR, SNPS, CDNS, FAST, COST, LIN, ADSK, AEP, PYPL, ADP, CCEP, CTAS, ODFL, ORLY, TRI, XEL, MRNA, AMGN, KDP, PDD, EXC, FANG, GEHC, IDXX, MDLZ, CSX, ABNB, AZN, GILD, INTU, MNST, REGN, ROST, ADBE, HON, MELI, PAYX, ROP, SBUX, WDAY, PEP, AMZN, DASH, DDOG, PLTR,

NDX Stocks to Watch on Tuesday
Moving Above 30 DMA = 4
AMZN, DASH, DDOG, PLTR,


Moving Below 30 DMA = 2
KHC, META,



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Friday, October 16, 2026

DJI, SPX, RUT, NDX Closed Lower on Lower Technology Sector and Higher Oil...


© 2026


22 of 100 NDX stocks closed higher on Friday.

48 NDX stocks are above their 30 DMA: AAPL, META, ISRG, ADI, TXN, MSFT, MAR, SNPS, CDNS, FAST, COST, LIN, ADSK, AEP, PYPL, ADP, CCEP, CTAS, ODFL, ORLY, TRI, XEL, MRNA, AMGN, KDP, PDD, EXC, FANG, GEHC, IDXX, MDLZ, CSX, ABNB, AZN, GILD, INTU, MNST, REGN, ROST, ADBE, HON, MELI, PAYX, ROP, SBUX, WDAY, KHC, PEP,

NDX Stocks to Watch on Monday
Moving Above 30 DMA = 2
KHC, PEP,


Moving Below 30 DMA = 8
AMZN, DDOG, DXCM, FTNT, GOOGL, MSTR, PLTR, TTWO,



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Thursday, October 15, 2026

RUT, DJI, SPX Closed Higher...NDX Closed Lower...MTB, RF, CFG, TRV Report EPS Friday BMO...


© 2026


62 of 100 NDX stocks closed higher on Thursday.

54 NDX stocks are above their 30 DMA: AAPL, META, FTNT, ISRG, PLTR, ADI, TXN, DDOG, MSFT, MAR, SNPS, CDNS, FAST, COST, GOOGL, LIN, ADSK, AEP, AMZN, PYPL, ADP, CCEP, CTAS, ODFL, ORLY, TRI, XEL, MRNA, AMGN, KDP, PDD, EXC, FANG, GEHC, IDXX, MDLZ, CSX, ABNB, AZN, GILD, INTU, MNST, REGN, ROST, ADBE, DXCM, HON, MELI, MSTR, PAYX, ROP, SBUX, TTWO, WDAY, 

NDX Stocks to Watch on Friday
Moving Above 30 DMA = 10
ADBE, DXCM, HON, MELI, MSTR, PAYX, ROP, SBUX, TTWO, WDAY, 


Moving Below 30 DMA = 3
CEG, CRWD, CSCO,



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Wednesday, October 14, 2026

DJI, SPX, RUT, NDX Closed Lower...EPS Continues Thursday...


© 2026


44 of 100 NDX stocks closed higher on Wednesday.

47 NDX stocks are above their 30 DMA: AAPL, META, CRWD, FTNT, ISRG, PLTR, ADI, TXN, DDOG, MSFT, MAR, SNPS, CDNS, FAST, COST, CSCO, GOOGL, LIN, ADSK, AEP, AMZN, CEG, PYPL, ADP, CCEP, CTAS, ODFL, ORLY, TRI, XEL, MRNA, AMGN, KDP, PDD, EXC, FANG, GEHC, IDXX, MDLZ, CSX, ABNB, AZN, GILD, INTU, MNST, REGN, ROST,

NDX Stocks to Watch on Thursday
Moving Above 30 DMA = 7
ABNB, AZN, GILD, INTU, MNST, REGN, ROST,


Moving Below 30 DMA = 11
ALAB, AMD, LITE, MELI, MPWR, MRVL, MSTR, NVDA, PANW, SPCX, TSLA,



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Tuesday, October 13, 2026

SPX, NDX, DJI, RUT Closed Lower...BAC, MS, BLK, STT, FAST, PGR Report EPS Wednesday BMO...


© 2026


43 of 100 NDX stocks closed higher on Tuesday.

51 NDX stocks are above their 30 DMA: MSTR, AAPL, META, AMD, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, ADI, ALAB, NVDA, TXN, DDOG, MPWR, MSFT, MAR, SNPS, CDNS, SPCX, FAST, COST, CSCO, GOOGL, LIN, TSLA, MELI, ADSK, AEP, AMZN, CEG, PYPL, ADP, CCEP, CTAS, ODFL, ORLY, TRI, XEL, MRNA, AMGN, KDP, PDD, EXC, FANG, GEHC, IDXX, MDLZ, CSX,

NDX Stocks to Watch on Wednesday
Moving Above 30 DMA = 1
CSX,


Moving Below 30 DMA = 9
AMAT, ASML, GILD, HON, KLAC, LRCX, MDB, MNST, TER,



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Monday, October 12, 2026

DJI Closed Higher...SPX, NDX, RUT Closed Lower...JPM, C, WFC, GS, JNJ, UNH, DPZ Report EPS Tuesday BMO...


© 2026


43 of 100 NDX stocks closed higher on Monday.

59 NDX stocks are above their 30 DMA: MSTR, AAPL, META, AMD, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, ADI, ALAB, NVDA, TER, TXN, DDOG, MPWR, MSFT, ASML, MAR, KLAC, LRCX, SNPS, AMAT, CDNS, SPCX, FAST, COST, CSCO, GOOGL, LIN, TSLA, MELI, ADSK, AEP, AMZN, CEG, PYPL, ADP, CCEP, CTAS, ODFL, ORLY, TRI, XEL, MRNA, AMGN, GILD, KDP, MDB, PDD, EXC, FANG, GEHC, HON, IDXX, MDLZ, MNST,

NDX Stocks to Watch on Tuesday
Moving Above 30 DMA = 7
EXC, FANG, GEHC, HON, IDXX, MDLZ, MNST,


Moving Below 30 DMA = 5
AVGO, MCHP, MU, RKLB, TTWO,  



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Friday, October 9, 2026

DJI, SPX, NDX, RUT Closed Higher...SPX Bounced to Horizontal Resistance...Breadth Strenghtened...


© 2026


SPX +46.18, 7,811 opened and closed higher, closed above the high of the low day at horizontal resistance.  Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges.  The SPX did a bull flag bounce and closed at horizontal resistance from August 13.  Earnings season starts on October 13 with JPM C, GS, WFC, JNJ, UNH and DPZ.

Oil /CL rose +0.48 and closed at 91.66.  

SPX advancers: CCI MRNA HUM AMT SBAC DDOG AKAM CIEN LITE PLTR ILMN.
SPX decliners: TMUS T VZ HPQ CHTR FICO SWKS MOS DE BG CTVA.

SPY +4.64, +0.60%, below average volume of 22.6 million shares, a close above the high of the low day. 
VIX -0.57, 14.84 closed lower.
NDX +0.51% BO test bullish harami candle bull flag setup.

Up: DIA, SPY, QQQ, IWM,
Down:


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


SPCX closed at 162.57, +2.00, volume of 94 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.  $300 price target in news from Morgan Stanley on Monday. 

The SPY MFC green line is up at 87.6, price-action paused on Thursday forming a hammer in a two-day bull flag pattern and is short-term bullish. +2.5.

Nine of eleven sectors were higher on Friday, XLK +0.51%.  


65 of 100 NDX stocks closed higher on Friday.

57 NDX stocks are above their 30 DMA: MSTR, AAPL, META, AMD, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, MU, ADI, ALAB, NVDA, TER, TXN, DDOG, MPWR, MSFT, RKLB, ASML, MAR, KLAC, LRCX, MCHP, SNPS, AMAT, CDNS, SPCX, FAST, COST, CSCO, GOOGL, LIN, TSLA, AVGO, MELI, ADSK, AEP, AMZN, CEG, PYPL, ADP, CCEP, CTAS, ODFL, ORLY, TRI, XEL, MRNA, AMGN, GILD, KDP, MDB, PDD, TTWO,

MRNA replaces WBD in NDX.
NDX Stocks to Watch on Monday
Moving Above 30 DMA = 6
AMGN, GILD, KDP, MDB, PDD, TTWO,


Moving Below 30 DMA = 1
ARM,  



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Thursday, October 8, 2026

DJI Closed Higher...RUT, SPX, NDX Closed Lower...Breadth was Mixed...Technology was Lower...


© 2026


SPX -36.41, 7,765 opens lower and then rallied from its low of the day to form another hammer candle.  Breadth strengthened and was mixed as advancers led on the NYSE and decliners led on the NASDAQ exchange.  The SPX tested Tuesday’s HBO for a second day.

Oil /CL rose +2.24 and closed at 91.18.  

SPX advancers: CSGP CMG GDDY ACN IT CTSH FDS LDOS MPC VLO CHRW.
SPX decliners: COHR GLW VST BE LITE ORCL INTC SNDK CEG CTVA SMCI.

SPY -3.29, -0.42%, just below average volume of 40.2 million shares, a hammer day. 
VIX +0.33, 15.41 closed higher.
NDX -1.39% two-day test of Friday BO.

Up: DIA,
Down: IWM, SPY, QQQ,


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


SPCX closed at 160.57, -7.03, volume of 69 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.  $300 price target in news from Morgan Stanley on Monday. 

The SPY MFC green line is up at 85.1, price-action paused on Thursday forming a hammer in a two-day bull flag pattern and is short-term bullish. +4.0.

Eight of eleven sectors were higher on Thursday, XLK -1.79%. 


45 of 100 NDX stocks closed higher on Thursday.

51 NDX stocks are above their 30 DMA: MSTR, AAPL, META, AMD, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, MU, ADI, ALAB, NVDA, TER, TXN, DDOG, MPWR, MSFT, RKLB, WBD, ASML, MAR, KLAC, LRCX, MCHP, SNPS, AMAT, CDNS, SPCX, FAST, COST, CSCO, GOOGL, LIN, TSLA, AVGO, MELI, ADSK, AEP, AMZN, CEG, PYPL, ADP, CCEP, CTAS, ODFL, ORLY, TRI, XEL,

NDX Stocks to Watch on Thursday
Moving Above 30 DMA = 7
ADP, CCEP, CTAS, ODFL, ORLY, TRI, XEL,


Moving Below 30 DMA = 6
AMGN, CRWV, INTC, NBIS, NXPI, SNDK,



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Wednesday, October 7, 2026

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

© 2026


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% lower close pause day.

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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