©
2026
SPX -119.66,
7,266, opened and closed lower
and did NOT confirm Tuesday’s hammer in a bull flag pattern. Breadth weakened as decliners led on both the
NYSE and NASDAQ exchanges.
SpaceX, SPCX,
a highly anticipated record $75 billion IPO is scheduled to be priced at $135
and begin trading on Friday, June 12, 2026.
SPX
advancers: CASY DVN SJM LITE APA CBOE
TMUS CPB TRGP OKE HOOD .
SPX
decliners: SMCI GNRC ZBRA NRG QCOM
MOS IP ETN CAT CCL UAL.
Earning’s
flag setups on DELL,
HPE, PANW
NVDA -7.77, -3.73%, did
NOT confirm its long-tailed hammer, on 161.1 million shares.
MU -44.01, -4.70%, formed
an inverted hammer in a bull flag pattern.
SPY -1.58%, closed
below ST support, on above average volume of 60 million shares.
VIX +2.35, 22.22, as hedgers continued to hedge…
NDX -1.98% closed below ST support, as semiconductor and
technology stocks moved lower.
DJI, 49,918, -1.87%, also
closed below ST support.
Mega caps WMT, APPL rose and BRK/B,
LLY, MSFT, GOOGL, META, AMZN, NVDA, TSLA, TSM, AVGO, MU, fell on Wednesday.
Up:
Down: IWM, SPY, DIA, QQQ,
The SPY
MFC green line is
higher at 60.4,
and price-action is defensive. -11.4
Four
of eleven
sectors (13.3%) were higher on Wednesday led by XLE, XLP and XLU.
30
of 100
NDX stocks closed higher on Wednesday.
41 NDX stocks are above their 30
DMA: MRVL, ARM, AMD, CSX, STX,
CSCO, AMAT, LRCX, AAPL, MU, MNST, CDNS, DDOG, PANW, CRWD, FTNT, KDP, MDLZ, ADP,
MDB, DXCM, PAYX, ASML, KLAC, MAR, ODFL, ROST, WDAY, AXON, EA, VRSK, CTAS, FAST,
AMGN, IDXX, GEHC, PCAR, CCEP, KHC, EXC, LIN,
NDX Stocks to Watch on Thursday
Moving Above 30 DMA = 0
Moving Below 30 DMA = 6
ALNY,
APP, CTSH, ROP, WDC, VRTX,
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