©
2026
SPX -112.63, 7,316, opened slightly lower, and closed lower
after the FOMC meeting where rates were unchanged as expected. Nine (75%) of the FOMC committee voted to
leave rates unchanged. NDX closed
lower below seven-week support.
Breadth weakened decliners led on both the NYSE
and the NASDAQ exchanges.
SPX
advancers: GRMN GEHC CTSH SBAC INTU
IT ADBE DOW DDOG WDAY ACN.
SPX
decliners: LII VRT MAS KLAC MU SMCI
FLEX COHR AMAT BG BLDR.
META -50.89, -8.66%, EPS miss and sales beat, a negative earnings reaction
MSFT +34.67, +8.88% earnings and sales beat, a positive
earnings reaction
AAPL, AMZN report Thursday after market close.
___________________________________________________________________
Day 12, Q2 Earnings
season:
Thursday
BMO: AEP, AOS, APD, AVY,
BAX, BLDR, BMY, CI, EME, EXC, FTI, HII, HSY, ICE, IP, KKR, LH, LKQ, MA, MLM, MO,
NCLH, PWR, REGN, SO, SOLS, TT, VLO, WTW, XEL, YUM,
Thursday AMC: AAPL, AEE, AES, AJG, AMZN, COIN, CPT,
CTVA, DXCM, EIX, ERIE, ES, FSLR, GDDY, IR, LNT, LYV, MHK, MTD, SATS, SYK, WY,
Q2 First
day reaction: +40%
Positive: GRMN, GEHC, CTSH, APH,
EXE, BXP, MDLZ, ADP STX, IEX, F, BIIB, BH, IQV, INCY, SHW, NUE, RCL, PNR
BRO KO, BA,
UHS, ECL, PYPL, XYL, ITW, PCAR, AMT PFG, CDNS, BKR, 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, = 73
Neutral: V, CBRE, EXR, VRSK, VLTO, BSX,
GNRC, TER, JCI, CNP, CMS, CNC, UDR, DTE, CINF, NEE, DECK, KMI, IBM, AVB, EQR,
NDAQ, WST, MRSH, WRB, DHI, STT, CAG = 28
Negative: LII, VRT, MAS, KLAC, FTV, NXPI, PPG, HUM, SWKS,
SW, OMC,
ETR, GD, WED, PG, ACGL, CSGP, VMC, ODFL, SWK, WM, AON, FE, GLW, CARR, UPS,
TXT, SPGI, HUBB, HLT, IVZ, WELL DINO, FFIV, 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 = 80
Bold
is > +5% or -5%
____________________________________________________________________
SK Hynix ADR, SKHY,
closed 126.79, -2.60%
on its fourteenth 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 it does not have a track record to evaluate.
SpaceX, SPCX,
closed at 112.55, -3.32%
formed a red spinning top candle today.
Our view is that SPCX, with no earnings, is an overvalued speculation. IPO at 135 on June 12.
SPY -1.54%, above
average volume of 70.6 million shares.
VIX +2.45, 20.66,
NDX -2.06% formed a red candle and closed below its June 9
support low and its 8-week sideways consolidation.
DJI, 51,594 -2.19%, fell to ST
support on July 23.
Mega caps WMT, GOOGL rose and AAPL,
BRK/B, MSFT, LLY, META, AMZN, AVGO, TSLA, NVDA, TSM, MU fell on Wednesday.
Up:
Down: SPY, IWM, QQQ, DIA,
The SPY
MFC green line is
down at 38.4,
price-action closed below diagonal support from June 9 and 26 but is
still above IT horizontal support and is short-term
bearish. -12.8
Two of eleven sectors were higher
on Wednesday led by XLE, XLP and XLRE
39
of 100
NDX stocks closed higher on Wednesday.
50 NDX stocks are above their 30
DMA: EA, FAST, PCAR, CCEP, AMGN,
CSX, KHC, ADP, MELI, PAYX, PYPL, REGN, CTAS, AAPL, GILD, PDD, FANG, INTU, ROST, HON, ODFL, EXC, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB,
AXON. BKR, COST, CPRT, DASH, DDOG, DXCM, IDXX, MAR, MSFT, ORLY, TTWO, CMCSA,
GEHC, MNST, PEP, KDP, NFLX, SBUX,
NDX Stocks to Watch on Thursday
Moving Above 30 DMA = 3
KDP, NFLX, SBUX,
Moving Below 30 DMA = 4
CEG,
ODFL, VRTX, XEL,
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