Tuesday, May 19, 2026

DJI, NDX, SPX, RUT Closed Lower...SPY, QQQ & Many Stocks Bull Flag Setup...Breadth Weakened...NVDA EPS Wednesday AMC...


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SPX -49.44, 7,353, forms spinning top in bull flag setup. Breadth weakened as decliners led on both the NYSE and NASDAQ exchanges. 

SPX advancers: EQT SNDK HAS PCG LLY KR CIEN EIX BDX AMT TGT.
SPX decliners: AKAM BLDR FSLR VRT TTD MRNA ZBRA DASH EL CARR GL.

Earnings season has 18 SPX companies reporting this week including HD, ADI, LOW, TGT, TJX, NVDA, DE, RL, WMT, CPRT, DECK and ROST.

NVDA -1.71, -0.77%, an inverted hammer in a bull flag set up on 140.4 million shares, EPS tomorrow on May 20 AMC.
MU +17.20, +2.52%, a bull flag setup.

SPY -0.67%, on just above average volume of 54.1 million shares.
VIX +0.61, 18.06
NDX -0.61%,
DJI, 49,363, -0.65%.


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


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

The SPY MFC green line is slightly lower at 92, and price-action is short-term bullish. -2.8 

Five of eleven sectors (21.1%) were higher on Tuesday led by XLE, XLV and XLU


40 of 100 NDX stocks closed higher on Tuesday.

51 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, CSX, AMZN, INTC, STX, WDC, CSCO, ADI, MCHP, TXN, AMAT, AVGO, GOOGL, LRCX, AAPL, MU, NVDA, NXPI, SBUX, MNST, CDNS, QCOM, SNPS, MSFT, TTWO, APP, DDOG, PANW, CRWD, FTNT, KDP, TSLA, KHC, MDLZ, ADP, MDB, ZS, FANG, LIN, COST, ADBE, DXCM, INTU, PAYX, WDAY, ADSK, AXON, BKR, TMUS,

NDX Stocks to Watch on Wednesday
Moving Above 30 DMA = 1
TMUS,  


Moving Below 30 DMA = 6
ASML, CPRT, CTAS, MAR, MSTR, VRTX,



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