Monday, June 22, 2026

RUT, DJI Closed Higher, SPX, NDX Closed Lower...Breadth Weakened...ALAB, CRWV, NBIS, RKLB, TER Added to the NDX Today...


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Our iBullyBear Mentoring account once again hit a new all-time Net Liq high on strength in MU, SOXL, SNDK, SMH and AMAT 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 -27.79, 7,472, opened flat, traded in a range and closed lower.  Breadth weakened as advancers fell from Thursday, and decliners led on both the NYSE and NASDAQ exchanges.  VIX rose. 

SpaceX, SPCX, closed at 154.60, -16.43%.  Market cap fell to approximately $2 trillion, which places it seventh in market cap behind AMZN and TSM.  At 2025 revenues of $18.7 billion, it is the only company, in that group, with less than $131 billion of annual revenues.  Our view is that SPCX with no earnings continues to be a total speculation.  Wall St. consensus list positive earnings in 2028.

SPX advancers: SMCI COHR ON GLW CIEN VRT MU ABBV GNRC INCY PWR.
SPX decliners: MRNA PLTR VRSN CMG NFLX LULU DPZ FOXA CLX ORCL GOOGL.

SPY -0.31% on below average volume of 46 million shares.
VIX +0.50, 17.28,
NDX -0.19%, paused.
DJI, 51,712, +0.29%, closed higher.


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


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

The SPY MFC green line is up at 67.4 and price-action is short-term bullish. -1

Eight of eleven sectors were higher on Monday led by XLE, XLRE and XLV. 


NDX 100 added ALAB, CRWV, NBIS, RKLB, TER replacing CHTR CTSH, INSM, VRSK, ZS this morning before the open.


44 of 100 NDX stocks closed higher on Monday.

48 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, STX, CSCO, AMAT, LRCX, AAPL, MU, MNST, CDNS, PANW, CRWD, FTNT, KDP, ASML, KLAC, MAR, ROST, EA, FAST, PCAR, CCEP, EXC, LIN, ADI, BKNG, INTC, WDC, VRTX, FER, HON, TXN, ABNB, DASH, TTWO, CEG, MCHP, NXPI, QCOM, AEP, AMGN, CSX, WBD, ALAB, CRWD, NBIS, TER,

NDX Stocks to Watch on Tuesday
Moving Above 30 DMA = 4 + 4
AEP, AMGN, CSX, WBD, added to the NDX today: ALAB, CRWD, NBIS, TER


Moving Below 30 DMA = 5
DXCM, IDXX, ODFL, PAYX, ROP,



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