Thursday, January 22, 2026

NDX, DJI, SPX Closed Higher on Thursday on a Rally Continuation Bounce...


© 2026


SPX +37.73, 6,913, as Wednesday’s rally continued its bull flag or channel bounce depending on the technician’s point of view.  SMH +0.22% slowed down on what appears to be profit taking from its +2.96% gain on Wednesday.

SPY traded an average 76.9 million shares on Thursday.

VIX closed -1.26, lower at 15.64
NDX +0.76%, channel bounce continuation.
DJI, 49,384, +0.63%, nearing HBO at new high resistance.


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


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


The SPY MFC green line fell to 64.2, and price-action closed above its 30 DMA and is short-term bullish. -1.1 

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


71 of 100 NDX stocks closed higher on Thursday.

50 NDX stocks are above their 30 DMA: ROST, MNST, PCAR, ADI, AMAT, WDC, TXN, DXCM, ODFL, SNPS, BKNG, NXPI, MCHP, CMCSA, MAR, LIN, HON, AXON, KLAC, LRCX, MU, ASML, GOOGL, INTC, MPWR, STX, BKR, SBUX, COST, CPRT, CTAS, FAST, AEP, MDLZ, ORLY, AMD, AMGN, XEL, EXC, GILD, EA, FANG, FER, MELI, VRTX, AMZN, ARM, CSGP, CTSH, NVDA,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 5
AMZN, ARM, CSGP, CTSH, NVDA,


Moving Below 30 DMA = 2
CSX, PEP,



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