Wednesday, March 4, 2026

NDX, RUT, SPX, DJI Closed Higher...Breadth Strengthened...After hours: AVGO +4% on EPS Beat...


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SPX +52.87, 6,869, opened and closed above Tuesday’s high in a channel bounce.   Breadth strengthened as advancers led on the NYSE and Nasdaq exchanges and 90% of sectors were higher. CRWD +4.15% rose today after an EPS and Sales beat after the close on Tuesday.  AVGO, COST and CIEN report EPS this week.

NVDA +2.99, +1.66%, rose on volume of 177 million shares and contributed just over 8 SPX points to today’s advance.

After hours: AVGO +15.17, +4.78%, on a quarterly EPS and Sales beat.


SPX leaders: MRNA, COIN, APP, TTD, ANET, HOOD, ROST, LYB, SMCI, SNDK, MU.
SPX decliners: BF/B, RCL, ROK, CPB, ROL, DRI, SWKS, PSKY, WRB, CLX, STZ.


SPY traded average volume of 79 million shares on Wednesday.
VIX -2.42, 21.15
NDX +1.51%, bounced and closed above the high of the low day in a channel bounce.
DJI, 48,739, +0.49%, bounced and closed above Tuesday’s dragonfly doji.


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


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


The SPY MFC green line is pointed down at 49.7, price-action closed above the high of the low days on February 5 and Tuesday March 3 and is short-term bullish. -4.7

Eight of eleven sectors, (90.2%), were higher on Wednesday led by XLK, XLY and XLC. 


73 of 100 NDX stocks closed higher on Wednesday.

50 NDX stocks are above their 30 DMA: ADI, ODFL, BKNG, CMCSA, LIN, HON, BKR, COST, AEP, AMGN, GILD, FANG, CSX, PEP, CCEP, ROST, CHTR, TMUS, KDP, XEL, AZN, CTAS, AMAT, ARM, EXC, VRTX, DXCM, CEG, SBUX, ABNB, AXON, NLFX, FAST, VRSK, ADSK, CDNS, FTNT, MAR, PLTR, TRI, TTWO, APP, CSCO, EA, ISRG, META, MSTR, PYPL, REGN, ROP,

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 9
APP, CSCO, EA, ISRG, META, MSTR, PYPL, REGN, ROP,


Moving Below 30 DMA = 7
KHC, WBD,


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