Monday, March 23, 2026

RUT, DJI, SPY, QQQ Closed Higher...Breadth Strengthened...


© 2026


SPX +74.52, 6,581 closed back above its 6-month support.   Breadth strengthened, turned positive as advancers increased and led on both the NYSE and Nasdaq exchanges.     

NVDA +2.94, +1.70%, rose on 182.7 million shares. 

MU -18.55, -4.39%, three days after 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 advancers: ALB SW Q LTR CIEN NCLH MHK SOLS RCL SLB CCL FCX.
SPX decliners: EL FICO CNC MU EXPD NOD CF DRI HII ULTA LYB UNH LHX.

SPY traded above average volume of 134.7 million shares.
VIX -0.63, 26.15
NDX +1.22%, closed above 4-month support.
DJI, 45,208, +1.38%, closed above the HOLD above 4-month support.


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


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

The SPY MFC green line is pointed down at 13.1, price-action closed below Friday’s high but above six-month support and is short-term bearish. -0.3

All eleven sectors (100%) were higher on Monday led by XLY, XLB and XLK


82 of 100 NDX stocks closed higher on Monday.

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

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 7
AMD, AMZN, BKR, CRWD, FTNT, PYPL, SNPS,


Moving Below 30 DMA = 2
LIN, MU,



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