Wednesday, June 3, 2026

DJI, SPX, NDX Close Lower on Wednesday...Breadth Weakens...CRWD Lower on Negative EPS Reaction...


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Our iBullyBear Mentoring account once again hit a new all-time Net Liq high on strength in AMD, MU, WDC, SOXL and AMAT on Wednesday.  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 -56.10, 7,547, pulled back slightly and closed below the low of Tuesday, the high day. Breadth weakened as advancers dropped, and decliners led on both the NYSE and NASDAQ exchanges. 

SPX advancers: TPL MRNA SNDK INCY URI MDT WDC INTC TER META ON.
SPX decliners: LITE GPN CHTR NOW IBM DDOG PLTR COIN FICO HOOD XYZ.

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

NVDA -8.07, -3.62%, opened and closed lower, on 159.1 million shares.
MU +15.47, +1.45%, closed at a new all-time high with a $1.217 trillion-dollar market cap. 

HPE -1.00 -1.78%, pulled back in an earnings flag pattern after reporting a better-than-expected results and guidance Monday after the close. 

After hours: CRWD -76.61, -10.25% reported earnings: Q1 Adj. EPS $1.10 beats $1.07 estimate, Sales $1.386B beat $1.363B estimate.

SPY -0.70%, pulled back, slightly above average volume of 51 million shares.
VIX +0.29, 16.06,
NDX -0.29% hit a new intraday high before closing slightly lower.
DJI, 50,687, -1.21%, closed lower.


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


Up:  
Down: QQQ, SPY, DIA, IWM,

The SPY MFC green line is higher at 96.3, and price-action is short-term bullish. -1.6 

Five of eleven sectors (20.8%) were higher on Wednesday led by XLE, XLV and XLP. 


46 of 100 NDX stocks closed higher on Wednesday.

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

NDX Stocks to Watch on Thursday
Moving Above 30 DMA = 3
AMGN, IDXX, LIN,  


Moving Below 30 DMA = 4
BKNG, KHC, SNPS, WBD,



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