Monday, May 11, 2026

NDX, SPX Make All-time Closing Highs...RUT, DJI Closed Higher...Advancers Weaken as EPS Season Begins to Wind Down...


© 2026


Our iBullyBear Mentoring account once again hit a new all-time Net Liq high today on strength in MU SOXL, WDC, VRT and CAT on Monday.  If you are not employing a systematic approach to decision-making in the face of uncertainty and you want to improve your skills contact us through the iBullyBear link above.


SPX +13.91, 7,412, closed at a new all-time high, as semiconductor stocks continued to rally rallied after a lower open. Breadth weakened as decliners led on both the NYSE and NASDAQ exchanges. 

The CPI report for April is due before the open Tuesday at 8:30 am EDT, the consensus is 3.8% compared with 3.3% for March.  Core CPI is 2.7% consensus compared with 2.6% in March.

SPX advancers: LITE COHR GLW SOLS QCOM CF VRT COIN FOXA WDC STX.
SPX decliners: DG ZTS TTD ISRG TGT SMCI CRL DELL IDXX WDAY ROST.

Earnings season begins to wind down this week with only 10 SPX companies reporting.  Next week retail stocks HD, TGT, TJX, WMT and ROST report.


NVDA +4.24, +1.97%, a new all-time closing high on 160.3 million shares, a breakout from its April 27 closing high.
MU +48.52, +6.50%, all-time closing high.

SPY +0.23%, reached an all-time closing high on below average volume of 44 million shares.
VIX +1.19, 18.38
NDX +0.29% new all-time closing high.
DJI, 49,704, +0.19% formed a two-day bull flag near horizontal resistance.


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


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

The SPY MFC green line is up at 98.4, price-action is short-term bullish. +1.2 

Six of eleven sectors (52.5%) were higher on Monday led by XLE, XLK and XLB


40 of 100 NDX stocks closed higher on Monday.

53 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, CSX, FAST, AMZN, INTC, KLAC, MPWR, STX, WDC, CSCO, ADI, MCHP, TXN, AMAT, AVGO, GOOGL, LRCX, AAPL, MU, NVDA, NXPI, SBUX, MNST, ABNB, CDNS, QCOM, SNPS, MSFT, MSTR, TTWO, APP, DDOG, PANW, CRWD, FTNT, KDP, CEG, TSLA, ADBE, KHC, MDLZ, ADP, MDB, ZS, ASML, FER, PAYX, BKR,

NDX Stocks to Watch on Tuesday
Moving Above 30 DMA = 4
FANG, LIN, VRTX, XEL,


Moving Below 30 DMA = 7
ADSK, AXON, COST, CPRT, ROST, TRI, WDAY,



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