©
2026
SPX +3.68, 7,411, opened
and closed lower, formed an inverted hammer top candle pattern that closed just
below short-term support. SPY formed
a spinning top and 742.56 will be the
high of the low day, if Monday bounces above Thursday’s high.
Breadth strengthened as advancers led on the NYSE
and decliners led on the NASDAQ exchange.
SPX
advancers: IP SW SLB DLR PKG NOW
VRSN GDDY ADBE ACN VZ.
SPX
decliners: SNDK COHR CHRW LITE INTC
WST FLEX MRVL MU WDC STX.
___________________________________________________________________
Day 9, Q2 Earnings
season:
Monday
BMO: BKR, Monday AMC: BRO,
CDNS, CINF, FFIV, NUE, PFG, UDR, UHS, WELL
Q2 First
day reaction: +41%
Positive: SLB,
DLR, VRSN,
VZ, HCA, LMT, ALLE, URI, TMO, DGX, RTX, CSX, HON,
ROP, NSC,
UNP, TSCO, PKG, LVS, BX, HAS, MMM, GM, STLD, DPZ, TRV, ABT, JBHT, PLD CFG, USB, UNH, BLK,
BNY, CTAS, MTB, PNC, MS, GS, JPM, BAC, = 41
Neutral: NEE, DECK, KMI, IBM, AVB,
EQR, NDAQ, WST, MRSH, WRB, DHI, STT, CAG = 13
Negative: INTC, CHTR, NEM,
EW, HIG, TSLA,
TMUS, ROL,
DOV, GOOGL, GL, CMCSA, LUV, HBAN, CCI, NOW, PCG, TXN NVR, SNA, FCX, AMP, DOW, RJF, DHR, MSCI, HAL, EFX, GPC, SCHW, NOC, SYF,
KEY, ISRG, NFLX, RF, FITB, TFC, GE, UAL PGR,
ELV, JNJ, C, WFC, FAST = 46
Bold
is > +5% or -5%
____________________________________________________________________
SK Hynix ADR, SKHY,
closed 154.57, -8.81%
on its eleventh trading day.
IPO was at 149. SK Hynix is a
profitable company with over $65 billion in revenues (larger than SPCX) and $28
billion in annual profit. The ADR is
speculative because as a new IPO does not have a track record to evaluate.
SpaceX, SPCX,
closed at 115.07, -2.68%.
Our view is that SPCX, with no earnings, is an overvalued speculation. IPO at 135 on June 12.
SPY +0.10%, below average volume of 44.7 million
shares.
VIX -0.12, 18.58,
NDX -1.15% closed just below its June 9 support low, in its
7-week sideways consolidation.
DJI, 51,711 +0.46%, rose and closed below its 30 DMA.
Mega caps AAPL, WMT, LLY, BRK/B, GOOGL, MSFT rose and AMZN, NVDA, META, TSLA, AVGO, TSM, MU fell on Friday.
Up: DIA, SPY,
Down: IWM, QQQ,
The SPY
MFC green line is
down at 58.7,
price-action closed below, its July 8 ST support and is defensive. -5.5
Ten of eleven sectors were higher
on Friday led by XLRE, XLB and XLP
55
of 100
NDX stocks closed higher on Friday.
36 NDX stocks are above their 30
DMA: PANW, EA, FAST, PCAR, CCEP,
AMGN, CSX, KHC, ADP, MELI, PAYX, PYPL, REGN, CTAS, AAPL, GILD, PDD, FANG, INTU,
NVDA, ROST, HON, ODFL, CEG, NVDA, EXC, XEL, ADSK, AEP, ROP, ADBE, BKNG, FAST,
MDLZ, TRI, WDAY,
NDX Stocks to Watch on Monday
Moving Above 30 DMA = 6
ADBE, BKNG, FAST, MDLZ, TRI, WDAY,
Moving Below 30 DMA = 4
AMD,
AVGO, LITE, META,
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