Thursday, April 23, 2026

RUT, DJI, SPX, NDX Cloxed Lower...Breadth Weakened...URI +22%, TXN +19%, WST +12 % Positive EPS Reactions Led the SPX on Thursday...


© 2026


Our iBullyBear Mentoring account once again hit a new all-time Net Liq high today on strength in SOXL, AMUU, CAT, ARM and SNDK along with more than ten other gainers on Thursday.


SPX -29.50, 7,108, formed a spinning top candle after making an all-time intraday high.  Breadth weakened as decliners led on the NYSE and NASDAQ exchanges. Volume was again below average and VIX closed slightly, a sign that institutions were adding  hedges as the market pulled back a fraction of a percent.

EPS season Day 9:   URI TXN WST UNP CMCSA KDP CSX NEE HAS DOV PKG ROL CNP PHM SNA closed higher on a positive EPS reaction.  NOW FCX TMO LVS IBM BX LMT AXP LUV TSLA CBRE LRCX HON POOL closed lower after a negative EPS reaction.  CHTR HCA NSC PG SLB report EPS Friday BMO.

NVDA -2.86, -1.41%, in range trading day, on 113 million shares.
MU -5.76, -1.18%, pause day after a new high close on Wednesday.

SPX advancers: URI TXN WST MCHP ON UNP NSC CMCSA KDP CSX NEE NXPI.
SPX decliners: NOW LULU FCX TECH WDAY CRL TMO CRM LVS SMCI IQV IBM.

SPY below average volume of 56.0 million shares.
VIX +0.39 19.31
NDX -0.57% paused the day after a new all-time closing high.
DJI, 49,310, -0.36% formed a dragonfly doji pattern in a bull flag pullback


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


Up:
Down: IWM, DIA, SPY, QQQ

The SPY MFC green line is pointed down at 95.3, price-action is a bull flag/BO test counter-trend defensive. -0.7. 

Five of eleven sectors (23.67%) were higher on Thursday led by XLU, XLI and XLP


44 of 100 NDX stocks closed higher on Thursday.

68 NDX stocks are above their 30 DMA: ROST, MRVL, ARM, EA, AMD, BKR, AMD, AMD, CSX, FAST, ODFL, AMZN, INTC, KLAC, MAR, MPWR, STX, WDC, CSCO, ADI, BKNG, MCHP, TXN, AMAT, AVGO, GOOGL, LRCX, MELI, AAPL, ASML, FER, MU, NVDA, NXPI, ORLY, PCAR, SBUX, META, MNST, FANG, ABNB, CDNS, PYPL, QCOM, SNPS, DASH, MSFT, MSTR, TTWO, APP, CHTR, DDOG, PANW, ROP, CCEP, CMCSA, CRWD, FTNT, COST, MDB, CPRT, FANG, BKR, ISRG, KDP, AEP, CEG, LIN, MDLZ, PEP, REGN,

NDX Stocks to Watch on Friday
Moving Above 30 DMA = 6
AEP, CEG, LIN, MDLZ, PEP, REGN,


Moving Below 30 DMA = 8
ADBE, ADSK, IDXX, PAYX, PLTR, TRI, TSLA, ZS,


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