Thursday, June 4, 2026

DJI All-time Closing High...RUT, SPX Closed Higher...NDX Closed Lower...Breadth Strengthened...CIEN Lower on Positive EPS...

© 2026


SPX +30.63, 7,584, opened lower after AVGO, CRWD and CIEN eps reactions. Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges. 

SPX advancers: BX HUM HOOD AXON AMT ARES ERIE CCI SBAC KKR NCLH.
SPX decliners: CIEN AVGO MU APTV ANET SNDK VZ CRWD FANG AMD T.

Earnings season: 12 SPX companies report this week: HPE, DG, PANW, ULTA, MDT, AVGO, CRWD, VEEV, BF/B, CIEN, COO, LULU.

Earning’s flag setups on DELL, HPE, PANW

NVDA +3.91, +1.82%, opened and closed higher, on 168.1 million shares.
MU -83.57, -7.74%, pulled back on Thursday after Wednesday’s all-time high.

CIEN -84.74 -13.66%, reported earnings: Q2 Adj. EPS $1.64 beats $1.46 estimate, sales $1.570B beat $1.505B estimate.

SPY +0.38%, opened lower and closed higher, slightly above average volume of 51 million shares.
VIX -0.66, 15.40, opened higher closed at second lowest close since Jan. 12
NDX -0.53% opened lower pull back day after CRWD, AVGO and CIEN earnings reaction.
DJI, 51,561, +1.73%, new all-time closing high.


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


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


The SPY MFC green line is higher at 95.3, and price-action is short-term bullish. -1.0 

Eight of eleven sectors (58.1%) were higher on Thursday led by XLV, XLF and XLRE. 


60 of 100 NDX stocks closed higher on Thursday.

60 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, CSX, INTC, STX, WDC, CSCO, TXN, AMAT, LRCX, AAPL, MU, NXPI, MNST, CDNS, QCOM, APP, DDOG, PANW, CRWD, FTNT, KDP, TSLA, MDLZ, ADP, MDB, DXCM, PAYX, ASML, KLAC, MAR, ODFL, ROST, WDAY, AXON, CTSH, MSFT, PLTR, ADBE, EA, VRSK, CTAS, FANG, NVDA, ADI, FAST, LITE, MCHP, MPWR, AMGN, IDXX, LIN, ALNY, BKNG, BKR, GEHC, META, PCAR, VRTX,

NDX Stocks to Watch on Friday
Moving Above 30 DMA = 7
ALNY, BKNG, BKR, GEHC, META, PCAR, VRTX,


Moving Below 30 DMA = 2
AVGO, HON,



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