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2026
SPX -16.13, 7,483, opened higher, traded in a range and closed
slightly lower above 30 DMA. Both the NDX and SPX in
a 3-week consolidation paused. Breadth
was slightly stronger as advancers led on the NYSE and the NASDAQ
exchanges.
SpaceX, SPCX,
closed at 157.54, -7.80%. Our view is that SPCX with no
earnings continues to be an overvalued speculation even with inclusion
in the NDX on July 7.
SPX
advancers: APP COIN META GIS HOOD
PLTR SPGI ELV ALGN IBKR FDS.
SPX
decliners: GLW KLAC TER SNDK MU AMAT
LRCX INTC MRVL GNRC VRT.
SPY -0.14% on
below average volume of 47.1 million shares.
VIX +0.14, 16.59,
NDX -1.54% opened lower and closed lower above its 30 DMA.
DJI, 52,305, -0.03%, slightly
below Tuesday’s all-time closing high.
Mega caps META, MSFT, AAPL, AMZN, TSLA, GOOGL rose and BRK/B, LLY, NVDA, AVGO, WMT, TSM, MU fell on Wednesday.
Up: DIA,
Down: SPY, IWM, QQQ,
The SPY
MFC green line is
up at 44.6,
price-action remained above ST support and is short-term
bullish. +6.9
Seven of eleven sectors were higher
on Wednesday led by XLC, XLF and XLY.
59
of 100
NDX stocks closed higher on Wednesday.
52 NDX stocks are above their 30
DMA: MRVL, AMD, AMAT, LRCX,
AAPL, MU, MNST, PANW, CRWD, FTNT, KDP, ASML, KLAC, EA, FAST, PCAR, CCEP, EXC,
LIN, BKNG, INTC, WDC, VRTX, ABNB, DASH, TTWO, AEP, AMGN, ALAB, NBIS, TER, AXON,
GEHC, ROP, XEL, AZN, HON, SBUX, CSX, KHC, ADP, DDOG, MELI, ORLY, PAYX, PYPL,
REGN, ALNY, TSLA, APP, CTAS, MDB, META, TRI,
NDX Stocks to Watch on Thursday
Moving Above 30 DMA = 5
APP, CTAS, MDB, META, TRI,
Moving Below 30 DMA = 5
ARM,
CMCSA, FER, STX, STX,
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