©
2026
SPX +65.28, 7,656 opened and closed higher, on a horizontal re-BO. Before the open the CPI report was M/M
0.4% vs 0.4%, Y/Y 3.4% vs 3.4% consensus, Core CPI M/M 0.3% vs 0.2%, Y/Y 2.4% vs 2.4%
consensus. Drivers of inflation included
Y/Y % change in gasoline +27.4%, airline fares +23.4%, tobacco +6.3%, motor
vehicle maintenance +6.3%. Do those categories look like a Fed ¼% rate hike
will lead to a slow down?
Oil /CL fell
-2.49 and
closed at 99.99. Breadth strengthened as advancers
led on both the NYSE and the NASDAQ exchanges. The VIX fell and closed at 15.84. RUT
2, 903 bounced.
SPX
advancers: HPE DELL NTAP ON HPQ CDW SMCI FLEX ANET FISV MRNA.
SPX
decliners: STX SNDK ALB WDC EW CPRT UNH PANW CBOE EXE YUM.
SPY +6.46, +0.85%, on
above average volume of 45.5 million shares, close above the HOLD and short-term
support.
VIX -2.00, 15.84 closed lower.
NDX +0.91% closed lower.
DJI, 52,573 +0.98%, closed >
HOLD.
Up: DIA, QQQ, SPY, IWM,
Down:
Mega caps AAPL, GOOGL, MSFT, BRK/B rose, and WMT, LLY, AMZN, AVGO, TSLA, META, TSM, NVDA, MU fell
on Friday.
SPCX closed at 151.21, +3.03, on volume of 79.2 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 fundamental future.
The SPY
MFC green line is down at 69,
price-action on Friday moved above the
HOLD, and re-broke out of resistance and is short-term
bullish. -4.2
Nine
of eleven
sectors were higher on Friday.
63
of 100
NDX stocks closed higher on Friday.
26 NDX stocks are above their 30
DMA: CEG, LITE, WBD, GILD,
SPCX, MU, SNDK, KDP, MSTR, TSLA, QCOM, AAPL, ALNY, META, AMD, INTC, NBIS, MRVL,
FANG, ADI, ARM, MSFT, NXPI, TER, TMUS, TXN,
NDX Stocks to Watch on Monday
Moving Above 30 DMA = 7
ADI, ARM, MSFT, NXPI, TER, TMUS, TXN,
Moving Below 30 DMA = 4
CRWD,
MELI, NVDA, STX,
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