Friday, June 5, 2026

DJI, SPX, RUT, NDX Closed Lower in Classic Aggressive Sellers Passive Buyers Day...Breadth Weakens...VIX Really Does Jump...


© 2026

SPX -200.57, 7,383, futures moved lower Thursday evening prior to Friday’s Jobs Report, went lower when the Jobs Report came out and then sold off all day long in a classic supply/demand imbalance day.  Breadth weakened as decliners led on both the NYSE and NASDAQ exchanges. 

SPX advancers: COO CLX KVUE KMB ALL EG PODD PGR CMG PG CL.
SPX decliners: MU TER FSLR SNDK INTC SMCI WDC ON QCOM AMD COHR.

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

Earning’s flag setups on DELL, HPE, PANW

NVDA -13.56, -6.20%, closed lower, on 219.6 million shares.
MU 131.99, -13.25%, pulled back for a second after Wednesday’s all-time high.

CIEN -47.42 -8.85%, reported earnings on Thursday BMO: Q2 Adj. EPS $1.64 beats $1.46 estimate, sales $1.570B beat $1.505B estimate.

SPY -2.58%, an above average counter-trend pullback (bull flag pattern), on above average volume of 93.9 million shares.
VIX +6.11, 21.51, as hedgers aggressively put them on…
NDX -4.77% fell being led by a decline in semiconductor and technology stocks.
DJI, 50,866, -1.35%, after making an all-time intra-day high.


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


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

The SPY MFC green line is higher at 88, and price-action is counter-trend defensive. -7.3 

Five of eleven sectors (26.1%) were higher on Friday led by XLP, XLU and XLRE. 


31 of 100 NDX stocks closed higher on Friday.

49 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, CSX, STX, WDC, CSCO, AMAT, LRCX, AAPL, MU, MNST, CDNS, QCOM, APP, DDOG, PANW, CRWD, FTNT, KDP, MDLZ, ADP, MDB, DXCM, PAYX, ASML, KLAC, MAR, ODFL, ROST, WDAY, AXON, CTSH, ADBE, EA, VRSK, CTAS, FAST, AMGN, IDXX, LIN, ALNY, BKNG, GEHC, PCAR, VRTX, AZN, CCEP, EXC,

NDX Stocks to Watch on Monday
Moving Above 30 DMA = 3
AZN, CCEP, EXC,


Moving Below 30 DMA = 14
ADI, BKR, FANG, INTC, LITE, MCHP, META, MPWR, MSFT, NVDA, NXPI, PLTR, TSLA, TXN,



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