Monday, July 6, 2026

NDX, SPX, RUT, DJI Closed Higher, DJI Closed Above 53,000, a New All-time Closing High...SPCX to NDX 100 on Tuesday BMO...


© 2026


SPX +54.19, 7,537, opened and closed higher, in its channel bounce pattern.  Both the NDX and SPX bounced in its 4-week consolidation sideways channel.  Breadth improved and remained positive as advancers led on the NYSE and NASDAQ exchanges.

SpaceX, SPCX, closed at 160.42, -0.98%. SPCX will be added to the NDX 100 Tuesday before the open. Our view is that SPCX, with no earnings, IS an overvalued speculation.

SPX advancers: ANET WDC TSLA AMD NTAP VRT STX QCOM PCAR IBKR HPE.
SPX decliners: SOLS ORLY AZO ARE STZ TSCO KDP CSGP CMG SJM GIS.

SPY +0.87% on average volume of 57.5 million shares.
VIX -0.24, 15.57, VIX fell -.34 on Friday to 15.81.
NDX +1.26% opened lower and closed lower, below its 30 DMA.
DJI, 53,055 +0.29%, new all-time closing high.


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


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


The SPY MFC green line is up at 61.7, price-action remained above ST support and is short-term bullish. +11.8

Five of eleven sectors were higher on Friday led by XLK, XLF and XLI. 


56 of 100 NDX stocks closed higher on Monday.

58 NDX stocks are above their 30 DMA: AMD, AMAT, MNST, PANW, CRWD, FTNT, KDP, ASML, KLAC, EA, FAST, PCAR, CCEP, EXC, LIN, BKNG, VRTX, ABNB, DASH, TTWO, AEP, AMGN, ALAB, AXON, GEHC, ROP, XEL, AZN, SBUX, CSX, KHC, ADP, DDOG, MELI, PAYX, PYPL, REGN, ALNY, APP, CTAS, MDB, TRI, AAPL, GILD, HON, IDXX, ISRG, PEP, WDAY, DXCM, FER, GOOGL, INTC, META, PDD, PLTR, TSLA, TXN,

NDX Stocks to Watch on Tuesday
Moving Above 30 DMA = 9
DXCM, FER, GOOGL, INTC, META, PDD, PLTR, TSLA, TXN,    


Moving Below 30 DMA = 1
ORLY,



Add Comments here:

No comments: