Wednesday, May 20, 2026

RUT, NDX, DJI, SPX Closed Higher...Bull Flag Bounce...Breadth Strengthens...NVDA Beats on EPS...


© 2026


SPX +79.36, 7,432, bull flag bounce moved > HOLD. Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges. 

SPX advancers: UAL SMCI DAL CCL NCLH NRG AMD CEG INTC BLDR FSLR.
SPX decliners: HAS CME INTU ADI DOW APA TGR XOM CF VLO EQT.

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

NVDA +2.86, +1.30%, bounced in a bull flag set up but closed < the HOLD on 184.2 million shares.
MU +33.25, +4.76%, closed > the HOLD in a bull flag.

After hours: NVDA -2.81, -1.26%, reported EPS $1.71 Beats $1.46 Estimate, Sales $25.443B Beat $24.639B Estimate.

SPY +1.02%, on below average volume of 45.7 million shares.
VIX -0.62, 17.44
NDX +1.66%,
DJI, 50,009, +1.31%.


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


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

The SPY MFC green line is slightly higher at 92.2, and price-action is short-term bullish. +0.2 

Eight of eleven sectors (83%) were higher on Wednesday led by XLY, XLK and XLB


74 of 100 NDX stocks closed higher on Wednesday.

55 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, PAYX, WDAY, ADSK, AXON, BKR, ASML, KLAC, MAR, MPWR, ODFL, WBD,

NDX Stocks to Watch on Thursday
Moving Above 30 DMA = 6
ASML, KLAC, MAR, MPWR, ODFL, WBD,    


Moving Below 30 DMA = 2
INTU, TMUS,



Add Comments here:

No comments: