Thursday, May 7, 2026

NDX, SPX, DJI, RUT Close Lower...Breadth Weakened...VIX Fell...Two Sectors Rose...


© 2026

SPX -28.01, 7,337, opened slightly higher after positive earnings reactions from DDOG, FTNT, AXON and pulled back to Wednesday’s S-1 level.  Breadth weakened as decliners led on both the NYSE and NASDAQ exchanges. 

SPX advancers: DDOG FTNT AXON VTRS CRWD PTC TECH PANW WDAY APP.
SPX decliners: ZTS TPR TER COHR CIEN GEV JBL NRG IFF LITE.

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EPS season Day 17:   DDOG FTNT AXON VTRS PTC APP HWM BDX GWW ALB EVRG DASH TRGP KVUE closed higher on a positive EPS reaction.  ZTS TPR COHR APA TPL O VST EPAM SATS SRE ES MET ATO TKO CF WBD MCD HST CRL closed lower after a negative EPS reaction. 

ABNB AKAM COIN CPAY ED EXPE GEN GILD MCHP MCK MNST MSI MTD NWSA RSG TTD WYNN XYZ reported after the close on Thursday.  Two stocks report Friday morning BMO: FIS PPL.

130 SPX companies reported this week.
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NVDA +3.67, +1.77%, formed a white candle on 168.3 million shares, a re-break out from its Oct 2025 closing high.
MU -19.96, -2.99%, formed a potential shooting star candle pattern.

SPY -0.31%, reached an all-time intra-day high and then formed small red spinning top on below average volume of 50.9 million shares.
VIX -0.31, 17.08
NDX -0.12% formed a small red spinning top.
DJI, 49,596, -0.63% formed a dark cloud cover candle moving below horizontal resistance.


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


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

The SPY MFC green line is sideways at 96.4, price-action is short-term bullish. -0.6 

Two of eleven sectors (21.3%) were higher on Thursday led by XLC, XLY and XLK


44 of 100 NDX stocks closed higher on Thursday.

63 NDX stocks are above their 30 DMA: ROST, MRVL, ARM, AMD, CSX, FAST, AMZN, INTC, KLAC, MPWR, STX, WDC, CSCO, ADI, MCHP, TXN, AMAT, AVGO, GOOGL, LRCX, MELI, AAPL, MU, NVDA, NXPI, SBUX, MNST, ABNB, CDNS, QCOM, SNPS, DASH, MSFT, MSTR, TTWO, APP, DDOG, PANW, CRWD, FTNT, KDP, CEG, TSLA, ADBE, KHC, MDLZ, ADP, TRI, ORLY, XEL, ADSK, MDB, ZS, ASML, FER, CPRT, IDXX, PDD, PEP,

NDX Stocks to Watch on Friday
Moving Above 30 DMA = 5
AXON, COST, INTU, PAYX, WDAY,


Moving Below 30 DMA = 6
BKR, CCEP, FANG, GILD, LIN, MAR,



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