Thursday, March 5, 2026

NDX, SPX, DJI, RUT Closed Lower in Sideways Trend...Breadth Weakened...AVGO Moves Higher as CIEN Moves Lower after EPS...

 
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SPX -38.79, 6,830, opened lower closed lower.   Breadth weakened as decliners led on the NYSE and Nasdaq exchanges. AVGO +15.24, +4.80%, rose today after a quarterly EPS and Sales beatCIEN -44.25, -12.88%, after a quarterly EPS and Sales beat before the open.

NVDA +0.30, +0.16%, rose on volume of 198.77 million shares.

After hours: COST -2.28, -0.23%, on a quarterly EPS and Sales beat.

SPX leaders: TTD, EXPE, BKNG, LYB, INTU, NOW, APP, KR, GDDY AVGO, CRWD.
SPX decliners: CIEN, GLW, LUV, MRNA, UPS, SNDK, MHK, KEYS, PM, UAL, FCX.

SPY traded above average volume of 106.6 million shares on Thursday.
VIX +2.60, 23.75
NDX -0.29%, traded in a range and formed a spinning top that closed above the high of the low day.
DJI, 47,954, -1.61%, opened and closed lower on Thursday.

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

Up:  
Down: QQQ, SPY, DIA, IWM,

The SPY MFC green line is pointed down at 45.7, price-action closed just below the high of the low and is short-term defensive. -4.0

Three of eleven sectors, (47%), were higher on Thursday led by XLE, XLK and XLY. 


42 of 100 NDX stocks closed higher on Thursday.

47 NDX stocks are above their 30 DMA: ODFL, BKNG, CMCSA, LIN, HON, BKR, AEP, AMGN, FANG, CSX, CCEP, ROST, CHTR, TMUS, XEL, AZN, CTAS, AMAT, ARM, EXC, CEG, SBUX, ABNB, AXON, NLFX, FAST, VRSK, ADSK, CDNS, FTNT, PLTR, TRI, APP, CSCO, MSTR, PYPL, ROP, ADBE, AMZN, AVGO, BKNG, CRWD, DDOG, INTU, KHC, PANW, PAYX,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 10
ADBE, AMZN, AVGO, BKNG, CRWD, DDOG, INTU, KHC, PANW, PAYX,

Moving Below 30 DMA = 13
ADI, COST, DXCM, EA, GILD, ISRG, KDP, MAR, META, PEP, REGN, TTWO, VRTX,



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