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2026
SPX +60.93, 7,543, opened and closed higher, confirmed Wednesday’s
hammer candle for a bounce continuation move.
SPX is just 66 points below its highest close, in its multi-week channel. Both the NDX and SPX rose
in their 5-week sideways channel. Breadth
strengthened as advancers led on both the NYSE and NASDAQ exchanges.
Reports indicates
that SK Hynix ADR IPO (SKHY) is 7 times oversubscribed, will start
trading on Friday. MU, SK Hynix
and Samsung South Korean companies have been tradeable in the DRAM ETF
since April 2.
SpaceX, SPCX,
closed at 152.16, +2.60%.
Our view is that SPCX, with no earnings, IS an overvalued speculation.
SPX
advancers: LITE HPE FDXF SNDK NCLH LRCX
IVZ AMD PANW FCX WDC.
SPX
decliners: APA PSKY COST CINF PEP MCK
PM DVN J AXON EOG.
SPY +0.85%, below
average volume of 40.8 million shares.
VIX -1.06, 15.84.
NDX +1.62% opened and
closed higher, below its 30 DMA.
DJI, 52,487 +0.27%, a three-day
bull flag pattern.
Mega caps META, MU, AVGO, TSLA, AMZN, AAPL, MSFT, BRK/B, LLY rose and TSM, NVDA, WMT, GOOGL fell on Thursday.
Up: QQQ, IWM, SPY, DIA,
Down:
The SPY
MFC green line is up
at 71,
price-action remained above ST support and is short-term
bullish. +6.5
Seven of eleven sectors were higher
on Wednesday led by XLK, XLY and XLF.
65
of 100
NDX stocks closed higher on Thursday.
49 NDX stocks are above their 30
DMA: AMAT, MNST, PANW, CRWD,
FTNT, EA, FAST, PCAR, CCEP, EXC, LIN, BKNG, VRTX, ABNB, DASH, TTWO, AEP, AMGN,
ALAB, AXON, GEHC, ROP, AZN, SBUX, CSX, KHC, ADP, DDOG, MELI, PAYX, PYPL, REGN, ALNY,
CTAS, MDB, TRI, AAPL, GILD, WDAY, DXCM, META, PDD, AMD, AMZN, ASML, AVGO, CDNS, IDXX, TSLA, TXN,
NDX Stocks to Watch on Friday
Moving Above 30 DMA = 8
AMD, AMZN, ASML, AVGO, CDNS, IDXX, TSLA, TXN,
Moving Below 30 DMA = 4
AZN,
ISRG, PLTR, XEL,
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