Wednesday, March 11, 2026

NDX Closed Flat...SPX, RUT, DJI Closed Lower...Breadth Negative...Broad Market Sideways Near Support after Inline CPI Report...


© 2026

SPX -5.68, 6,775, formed a red spinning top that closed slightly lower.   Breadth remained negative as decliners led on both the NYSE and Nasdaq exchanges.  The CPI report at 8:20 am EDT, was in-line with consensus, Core inflation was Y/Y 2.5% and M/M 0.2%.

NVDA +1.26, +10.68%, rose on 140 million shares.

SPX leaders: MOS ORCL CF VLO DINO SNDK MPC OXY PSX MOH MU CTRA DVN.
SPX decliners: FICO CPB CAG IFF MKC CEG ARES BF/B NRG GDDY WY GIS.

SPY traded below average volume of 67.9 million shares on Wednesday.
VIX -0.70, 24.23, closed lower. 
NDX +0.03%, formed a black spinning top candle.
DJI, 47,417, -0.61%, formed a red candle at support.


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


Up
Down: QQQ, SPY, IWM, DIA

The SPY MFC green line turned down at 35.3, price-action closed above three-month support and is short-term defensive. -3.1

Two of eleven sectors (36.4%) were higher on Wednesday led by XLE, XLK and XLB


42 of 100 NDX stocks closed higher on Wednesday.

44 NDX stocks are above their 30 DMA: BKNG, AEP, AMGN, FANG, CCEP, ROST, TMUS, XEL, EXC, CEG, SBUX, ABNB, AXON, NLFX, FAST, VRSK, ADSK, FTNT, PLTR, TRI, APP, ROP, ADBE, AVGO, CRWD, DDOG, INTU, PANW, COST, MRVL, HON, MSTR, INTC, VRTX, AMAT, CDNS, CTAS, KLAC, LIN, MU, NVDA, PYPL, REGN, TTWO,

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 10
AMAT, CDNS, CTAS, KLAC, LIN, MU, NVDA, PYPL, REGN, TTWO,


Moving Below 30 DMA = 6
ARM, CMCSA, CSX, GILD, ODFL, PDD,   



Add Comments here:

No comments: