Thursday, March 19, 2026

RUT Closed Higher...SPX, NDX, DJI Closed Lower...Breadth Strengthened, Remained Negative...MU Negative EPS Reaction on EPS Beat...

 
© 2026


SPX -18.21, 6,606 closed again below its 3-month support.   Breadth strengthened but remained negative as decliners led on both the NYSE and Nasdaq exchanges.  Eight sectors were lower.   

NVDA -1.84, -1.02%, fell on 170.5 million shares.  Thursday was the final day of its annual conference GTC 2026.

MU -17.46, -3.78%, reported EPS $12.20 beat 9.21 est., Sales $23.86B beat 19.93 estimate, raised guidance, increased dividend.  More than 22 analysts raised price targets between $40 and $350.  Daiwa raised PT to $700, and HSBC raised its PT to $750.

SPX leaders: CIEN STX BKR SLB DELL CAN LRCX APA WDC SBUX PSX CCL.
SPX decliners: FICO NEM MOS IP MOH ES SW MU HWM DASH TSN MHK FCX.

SPY traded above average volume of 111.2 million shares.
VIX -1.03, 24.06
NDX -0.29%, closed below 4-month support.
DJI, 46,021, -0.44%, again closed below 3-month support.


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


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

The SPY MFC green line turned up at 12.4, price-action closed below its three-month support and is short-term bearish. -0.1. 

Three of eleven sectors (48.4%) were higher on Thursday led by XLE, XLK and XLF


44 of 100 NDX stocks closed higher on Thursday.

34 NDX stocks are above their 30 DMA: BKNG, FANG, ROST, TMUS, CEG, AXON, NLFX, VRSK, ADSK, FTNT, PLTR, APP, CRWD, DDOG, INTU, PANW, MRVL, MSTR, LIN, MU, PYPL, ROP, ABNB, ARM, WDC, BKNG, KLAC, STX, EA, AMAT, AMD, BKR, INTC, LRCX,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 5
AMAT, AMD, BKR, INTC, LRCX,


Moving Below 30 DMA = 2
AEP, EXC,



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