©
2026
SPX +28.81, 7,572, opened higher, traded in range and closed
higher. Closed 38 points below its
all-time closing high on June 2. The
SPX rose while the NDX fell in their 6-week sideways channel. Breadth remained positive as advancers
led on both the NYSE and NASDAQ exchanges.
_________________________________________________________________
Q2 Earnings
season continues day 2.
Thursday
morning BMO: ABT, CFG, GE,
PLD STT, UNH, USB
Q2 First
day reaction:
Positive: BLK, BNY, CTAS,
MTB, PNC, MS, GS, JPM, BAC, = 9
Neutral: CAG = 1
Negative: PGR, ELV, JNJ, C,
WFC, FAST = 6
Bold
is > +5% or -5%
__________________________________________________________________
PYPL
+17.2% on a takeover offer from Stripe and
private-equity firm Advent.
SK Hynix ADR, SKHY,
closed 176.46, -9.00%
on its fourth trading day.
IPO was at 149.
SpaceX, SPCX,
closed at 135.27, -0.60%.
Our view is that SPCX, with no earnings, is an overvalued speculation. IPO at 135 on June 12.
SPX
advancers: PYPL BLK CBRE IVZ BNY
BKNG CTAS HCA AAPL KKR NDAQ.
SPX
decliners: PNR ERIE DELL PGR WDC WLV
SNDK MU LIT MRVL NTAP.
SPY +0.40%, below
average volume of 43.8 million shares.
VIX -0.83, 15.67.
NDX -0.28% opened and closed higher.
DJI, 52,658 +0.29%, lifted by
mega caps AAPL GOOGL MSFT and AMZN.
Mega caps AAPL, GOOGL, META, AMZN, MSFT, AVGO, LLY, NVDA rose
and TSM, TLSA, BRK/B, WMT, MU fell on Wednesday.
Up: IWM, SPY, DIA
Down: QQQ,
The SPY
MFC green line is
up at 79,
price-action remained above ST support and is short-term
bullish. +4.9
Five of eleven sectors were higher
on Wednesday led by XLC, XLY and XLF.
46
of 100
NDX stocks closed higher on Wednesday.
52 NDX stocks are above their 30
DMA: AMAT, MNST, PANW, CRWD,
FTNT, EA, FAST, PCAR, CCEP, BKNG, VRTX, ABNB, DASH, TTWO, AEP, AMGN, AXON, ROP,
SBUX, CSX, KHC, ADP, DDOG, MELI, PAYX, PYPL, REGN, CTAS, TRI, AAPL, GILD, WDAY,
DXCM, META, PDD, AMD, AMZN, TMUS, FANG, INTU, WBD, NVDA, PLTR, ADBE,
ADSK, ASML, AVGO, CEG, GOOGL, IDXX, MSFT, ROST,
NDX Stocks to Watch on Thursday
Moving Above 30 DMA = 9
ADBE, ADSK, ASML, AVGO, CEG, GOOGL, IDXX, MSFT, ROST,
Moving Below 30 DMA = 5
EXC,
LIN, ODFL, TXN, XEL,
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