NDX, RUT, SPX, DJI Closed Higher...VIX Closed Lower...Breadth Strengthened...

© 2026

SPX +24.42, 7,677, closed above the high of the following candle, a hammer-like candle with lower shadow suggesting intraday support on Monday.  Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges.  The VIX closed higher, suggesting that institutions were unwinding hedges.

RUT 3,010 bullish harami in a 7-day bull flag pattern

The PCE report will be released Wednesday 8:30 am ET before the open.  NVDA earnings will be released Wednesday after market close.

SPX advancers: MRNA SMCI HOOD CDW LITE RDDT IBKR CDNS AMD MRVL COHR.

SPX decliners: ALB DOW LYB ERIE TGT APA COO DECK LULU IT CASY.

SPCX closed at 137.95, +2.95, on volume of 53 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12. 

SPY +2.44, +0.32%, below average volume of 27.4 million shares.

VIX -0.40, 15.45 closed lower. 

NDX +0.64% a bull flag pattern, close above the HOLD and a re-BO.

DJI, 53,577 +0.30%, flag bounce continuation.

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

Up: QQQ, IWM, SPY, DIA,

Down:

The SPY MFC green line is down at 72.7, price-action on Tuesday, closed above Monday’s high and also above horizontal resistance ($760.40) for a sixteenth day and is counter-trend defensive. -0.6

Seven of eleven sectors were higher on Tuesday. 

53 of 100 NDX stocks closed higher on Tuesday.

59 NDX stocks are above their 30 DMA: FAST, AMGN, ADP, PAYX, PYPL, REGN, INTU, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, CPRT, DASH, DXCM, MSFT, CMCSA, GEHC, CEG, AMZN, MDB, CRWV, LITE, NFLX, PLTR, WBD, AXON, GILD, SPCX, VRTX, FANG, MU, MRVL, NBIS, SNDK, KDP, PEP, CSX, CTAS, MELI, MSTR, TSLA, MNST, AZN, CCEP, COST, SBUX, TMUS, ORLY, ASML, LRCX, NVDA, PDD, SNPS,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 5

ASML, LRCX, NVDA, PDD, SNPS,

Moving Below 30 DMA = 2

GOOGL, ISRG,

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DJI Closed Higher above the HOLD in a Bull Flag Pattern...SPX, RUT, NDX Close Lower...Breadth Weakened...

© 2026

SPX -21.51, 7,652, formed a hammer-like candle with lower shadow suggesting intraday support in its 7-day bull flag pattern.  Breadth weakened as advancers and decliners were near even on the NYSE and decliners led on NASDAQ exchange.  The VIX closed higher, suggesting that institutions were adding hedges.

NVDA reports EPS Wednesday after the close.  Fed Chair Warsh speaks Friday morning from the Jackson Hole Summit.

RUT 2,995 reversed Friday’s gains but stayed above Thursday’s low in a 6-day bull flag pattern.

SPX advancers: EXPE DLTR CHD MO GDDY IT BXP AWK EIX ULTA MA.

SPX decliners: STX SNDK CIEN MU JBHT SMCI WDC COHR AXON FDXF AKAM.

SPCX closed at 135.00, -1.97, on volume of 60 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12. 

SPY -2.25, a 7-day bull flag pattern and setup, below average volume of 32.3 million shares.

VIX +0.72, 15.85 closed higher. 

NDX -0.97% a bull flag pattern and setup in a BO test pullback.

DJI, 53,417 +0.26%, moved above the high of the low day, a 12-day bull flag pattern.

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

Up: DIA,

Down: SPY, IWM, QQQ,

The SPY MFC green line is down at 72.7, price-action on Monday, closed above Thursday’s low and also above horizontal resistance ($760.40) for a fifteenth day and is counter-trend defensive. -3.7

Eight of eleven sectors were higher on Monday. 

44 of 100 NDX stocks closed higher on Monday.

56 NDX stocks are above their 30 DMA: FAST, AMGN, ADP, PAYX, PYPL, REGN, INTU, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, CPRT, DASH, DXCM, MSFT, CMCSA, GEHC, CEG, AMZN, MDB, CRWV, LITE, NFLX, PLTR, WBD, AXON, GILD, SPCX, VRTX, FANG, MU, MRVL, NBIS, SNDK, KDP, PEP, CSX, CTAS, MELI, MSTR, TSLA, MNST, AZN, CCEP, COST, ISRG, SBUX, TMUS, GOOGL, ORLY,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 2

GOOGL, ORLY,

Moving Below 30 DMA = 7

ASML, LRCX, NVDA, PANW, PCAR, PDD, TER,

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DJI, RUT, SPX, NDX Closed Higher...VIX Closed Lower...Breadth Strengthened...

© 2026

This is what good traders know…

The intermediate term trend in the SPX, RUT and DJI is up.  The short-term trend has been down this week, which is a short-term counter trend and a bull flag pattern.

The intermediate term trend, (3-months), in the NDX is sideways, the 12-day short-term trend is up, and the 4-day short-term trend is down.  It is a bull flag in a channel.

(click chart to enlarge)

Look at the weekly YTD chart and what do you see?

What do you think is more probable based on what you see?

SPX +33.21, 7,674, formed a bullish harami.  Breadth turned positive as advancers led on both the NYSE and the NASDAQ exchanges.  The VIX closed lower, suggesting that institutions were closing hedges.

RUT 3,017 opened and closed higher, formed a bullish harami in a 5-day bull flag pattern.

SPX advancers: HOOD MRNA COIN FCX ALB EL HCA TSLA DINO LULU CMG.

SPX decliners: MRVL SRE EIX AEP CNP PWR Q XEL BG EXC SO.

SPCX closed at 136.97, +2.97, on volume of 78.5 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12. 

SPY +3.12, a 6-day bull flag pattern and setup, below average volume of 39 million shares.

VIX -0.88, 15.13 closed lower. 

NDX +0.33% a bull flag pattern and setup in a BO test pullback.

DJI, 52,759 +0.98%, formed a bullish harami in a 12-day bull flag pattern and setup.

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

Up: DIA, IWM, SPY, QQQ,

Down:  

The SPY MFC green line is down at 76.4, price-action on Friday, closed above Thursday’s close and also above horizontal resistance ($760.40) for a fourteenth day and is counter-trend defensive. -4.2

Eight of eleven sectors were higher and XLRE was unchanged on Friday. 

64 of 100 NDX stocks closed higher on Friday.

61 NDX stocks are above their 30 DMA: FAST, AMGN, ADP, PAYX, PYPL, REGN, INTU, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, CPRT, DASH, DXCM, MSFT, CMCSA, GEHC, CEG, AMZN, MDB, CRWV, LITE, NFLX, NVDA, PLTR, WBD, AXON, GILD, SPCX, VRTX, FANG, ASML, TER, MU, MRVL, NBIS, SNDK, PDD, KDP, PEP, CSX, CTAS, MELI, MSTR, TSLA, MNST, AZN, CCEP, COST, ISRG, LRCX, PANW, PCAR, SBUX, TMUS,

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 9

AZN, CCEP, COST, ISRG, LRCX, PANW, PCAR, SBUX, TMUS,

Moving Below 30 DMA = 0

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NDX, SPX, DJI, IWM Closed Lower...WMT & Retail Stocks Lower after WMT EPS...VIX Closed Higher...Technology & Semicondutor Stocks were Mixed...

© 2026

SPX -66.82, 7,641. Thursday rolled over in the pre-market after WMT -10.46, -9.15% announced positive EPS, decelerating growth from pharmacy-related variables and issued lower than expected current quarter guidance.  The SPX, fell below its August 4 S-1 support and still remained above June resistance.  Breadth turned negative as decliners led on both the NYSE and the NASDAQ exchanges.

The VIX closed higher, suggesting that institutions were net opening hedges.

Retail stocks BBY AZO HD TJX DLTR COST ROST ULTA AMZN also moved lower today after WMT earnings.

Technology & semiconductor stocks were mixed on Thursday: LITE MU STX SNDK WDC VRT TSM AMD ARM AVGO AMAT were up and META NVDA DELL MSFT PLTR GOOGL AAPL CIEN NET CRWD were down.

RUT 2,992 opened and closed lower in a 4-day bull flag pattern.

SPX advancers: NDSN COIN DE LITE Q MRVL CF MOS CBOE ARE YUM MU.

SPX decliners: MRNA WMT ISRG CRWD STLD BSX CCL AXON CSGP NRG RCL.

SPCX closed at 134.00, -5.65 on volume of 119.4 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12. 

SPY -6.61, a bull flag pattern, average volume of 45.4 million shares.

VIX +1.12, 16.01 closed higher. 

NDX -0.72% a bull flag pattern in 3-month channel.

DJI, 52,759 -1.32%, bull flag pattern, accelerating counter-trend.

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

Up:

Down: QQQ, SPY, DIA, IWM,

The SPY MFC green line is down at 80.6 price-action on Thursday, closed above horizontal resistance ($760.40) for a thirteenth day and is counter-trend defensive. -6.1

Two of eleven sectors were higher on Thursday.  XLK Technology sector was -0.29%.

33 of 100 NDX stocks closed higher on Thursday.

52 NDX stocks are above their 30 DMA: FAST, AMGN, ADP, PAYX, PYPL, REGN, INTU, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, CPRT, DASH, DXCM, MSFT, CMCSA, GEHC, CEG, AMZN, MDB, CRWV, LITE, NFLX, NVDA, PLTR, WBD, AXON, GILD, SPCX, VRTX, FANG, ASML, TER, MU, MRVL, NBIS, SNDK, PDD, KDP, PEP, CSX, CTAS, MELI, MSTR, TSLA, MNST,

NDX Stocks to Watch on Friday

Moving Above 30 DMA = 1

MNST,

Moving Below 30 DMA = 10

COST, CRWD, FER, ISRG, KHC, ORLY, PANW, RKLB, TMUS, XEL,

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RUT, DJI, SPX Closed Higher...NDX Closed Lower on Weakness in Technology Sector and Semiconductor Stocks...Breadth Strengthened...

 

© 2026

SPX +16.22, 7,708. Wednesday was a mixed day with RUT, DJI and SPX higher and the NDX moved lower on semiconductor and technology weakness.  The SPX, DJI and RUT breakouts remain above June resistance.  Breadth turned positive as advancers led on both the NYSE and the NASDAQ exchanges.

SPX closed back above 7,700 after one day below on below average volume. Closed above 7,700 for an eleventh day.   The VIX closed lower, suggesting that institutions were net closing hedges. 

RUT 3,032 forms a bullish harami candle in a bull flag pattern.

SPX advancers: MRNA EL MRK ARE MRVL COIN NEM FICO CSGP CPRT BLDR.

SPX decliners: STX STLD WDC DELL LRCX KEYS COHR TER FLEX NUE Q.

SPCX closed at 139.65, -3.69 on volume of 75.1 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  Absorbing insider/private selling, between August 6 to 17, does not mean the stock is not speculative, but it does mean there were more buyers than sellers and intelligent speculative buyers are speculating to make money.

SPY +1.61, a bull flag pattern, below average volume of 39.6 million shares.

VIX -0.97, 14.87 closed near 3-month low. 

NDX -0.22% a bull flag pattern in 3-month channel.

DJI, 53,463 +0.22%, bull flag pattern.

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

Up: IWM, DIA, SPY,

Down: QQQ,

The SPY MFC green line is down at 86.7 price-action on Wednesday, closed above horizontal resistance for a twelfth day and is short-term bullish. -2.3

Six of eleven sectors were higher and XLU unchanged on Wednesday. 

57 of 100 NDX stocks closed higher on Wednesday.

61 NDX stocks are above their 30 DMA: FAST, AMGN, ADP, PAYX, PYPL, REGN, INTU, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, COST, CPRT, DASH, DXCM, MSFT, CMCSA, GEHC, CEG, AMZN, CRWD, MDB, ORLY, PANW, CRWV, LITE, NFLX, NVDA, PLTR, WBD, AXON, GILD, RKLB, SPCX, VRTX, FANG, ISRG, ASML, TER, MU, MRVL, NBIS, SNDK, XEL, PDD, KDP, PEP, TMUS, CSX, CTAS, FER, KHC, MELI, MSTR, TSLA,

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 7

CSX, CTAS, FER, KHC, MELI, MSTR, TSLA,

Moving Below 30 DMA = 6

CCEP, LRCX, SNPS, SBUX, STX, TTWO,

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DJI, SPX, RUT Closed Lower, Formed Bull Flag Patterns...NDX Closed Lower Formed Bull Flag in a Channel...

© 2026

SPX -53.30, 7,691. Closed below 7,700 after closing above for ten days.  The SPX, DJI and RUT breakouts remain above June resistance.  The SPX was down slightly on average volume and the VIX closed higher for a second day, suggesting that institutions were net adding hedges.  RUT 3,017 forms a two-day bull flag pattern.

Breadth remained negative as decliners led on both the NYSE and the NASDAQ exchanges.  

AMAT -20.98, -3.92%, traded in Friday’s pullback range following an EPS beat on Thursday.

SPX advancers: TRGP PODD ULTA INTU MNST ERIE GDDY TYL LLY ADBE ABBV.

SPX decliners: COHR LITE STX SNDK CIEN TER JBL MRVL GLW FLEX WDC.

SPCX closed at 143.34, -2.89 on volume of 84.1 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  Absorbing insider/private selling, since August 6, does not mean the stock is not speculative, but it does mean there are more buyers than sellers and intelligent speculative buyers are speculating to make money.

SPY -0.68%, 3-day bull flag pattern, average volume of 43.9 million shares.

VIX +0.65, 15.84 up for a second day. 

NDX -1.68% formed bull flag pattern.

DJI, 53,343 -0.22%, bull flag pattern.

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

Up:

Down: DIA, SPY, IWM, QQQ,

The SPY MFC green line is down at 89, price-action on Tuesday, closed above horizontal resistance for an eleventh day and is short-term bullish. -2.1

Four of eleven sectors were higher on Tuesday. 

45 of 100 NDX stocks closed higher on Tuesday.

60 NDX stocks are above their 30 DMA: FAST, AMGN, ADP, PAYX, PYPL, REGN, INTU, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, COST, CPRT, DASH, DXCM, MSFT, CMCSA, GEHC, CEG, AMZN, CRWD, MDB, ORLY, PANW, CRWV, LITE, NFLX, NVDA, PLTR, WBD, AXON, GILD, RKLB, SNPS, SPCX, VRTX, FANG, ISRG, ASML, SBUX, TER, LRCX, MU, MRVL, NBIS, STX, SNDK, XEL, PDD, CCEP, KDP, PEP, TMUS, TTWO,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 5

CCEP, KDP, PEP, TMUS, TTWO,

Moving Below 30 DMA = 8

ADI, AMD, CSX, INTC, MPWR, MSTR, PCAR, WDC,

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NDX, RUT, SPX, DJI Closed Slightly Lower on Below Average Volume...AMAT Rebounds...SNDK Led SPX...

© 2026

Our iBullyBear Mentoring account once again hit a new all-time Net Liq high on strength in SNDK, MU, STX, SOXL, WDC and several other gainers on Monday.  If you are not employing a systematic approach to decision-making in the face of uncertainty and you want to improve your skills contact us through the iBullyBear link above.

Stay Focused on the trend.  Don’t be distracted by price fluctuations or subjective opinions. Breathe and let the market breathe.

SPX -40.70, 7,745.  Closed above 7,700 for a tenth day.  The SPX breakout remains above horizontal resistance.  The SPX was down slightly on light volume.  

RUT 3,057 pauses after a new all-time closing high on Friday.

Breadth weakened as decliners led on both the NYSE and the NASDAQ exchange.

AMAT +28.13, +5.55%, after a one-day negative reaction on Friday following an EPS beat EPS $3.50 beats $3.40 estimate, sales $9.115B beat $8.991B estimate on Thursday.

SPX advancers: SNDK COHR TER AMAT MRVL WDE PWR LITE GLW MU CIEN.

SPX decliners: CHTR STZ ALGN TTD NOW TAP LHX KKR CNC APO NCLH.

SPCX closed at 146.23, +6.23 on volume of 116.17 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  Absorbing insider/private selling, since August 6, does not mean the stock is not speculative, but it does mean there are more buyers than sellers and intelligent speculative buyers are speculating to make money.

SPY -0.47%, counter trend pullback, bull flag setup.

VIX +0.94, 15.19 closed higher after hitting low on Friday. 

NDX -0.17% a second pause day in a 13-day short-term up trend.

DJI, 53,459 -0.51%, 8-day bull flag pattern.

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

Up:

Down: QQQ, IWM, SPY, DIA,

The SPY MFC green line is down at 91.1, price-action on Monday, closed above horizontal resistance for a tenth day and is short-term bullish. -1.1

Two of eleven sectors were higher on Monday. 

37 of 100 NDX stocks closed higher on Monday.

63 NDX stocks are above their 30 DMA: FAST, PCAR, AMGN, ADP, PAYX, PYPL, REGN, INTU, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, COST, CPRT, DASH, DXCM, MSFT, CMCSA, GEHC, CEG, AMZN, CRWD, MDB, ORLY, PANW, CRWV, LITE, NFLX, NVDA, PLTR, MPWR, WBD, ADI, AXON, GILD, RKLB, SNPS, SPCX, VRTX, FANG, ISRG, ASML, SBUX, TER, LRCX, MU, MRVL, NBIS, STX, INTC, SNDK, AMD, XEL, CSX, MSTR, PDD, WDC,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 4

CSX, MSTR, PDD, WDC,

Moving Below 30 DMA = 10

ARM, CCEP, CTAS, FTNT, KDP, MELI, PEP, ROST, TMUS, TTWO,

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RUT Closed at a new ALL-time Closing High...NDX, SPX, DJI Closed Lower...AMAT Closed Lower on a Negative EPS Reaction...

 

© 2026

Our iBullyBear Mentoring account once again hit a new all-time Net Liq high on strength in SNDK, AMUU, STX, AMD, MU and several other gainers on Friday.  If you are not employing a systematic approach to decision-making in the face of uncertainty and you want to improve your skills contact us through the iBullyBear link above.

There is no mortal human that knows the future. No one. No talking head.  No pundit. No TV personality.  No financial journalist.  No one knows the future. No one.  Trading success comes from applying correct principles consistently.  While a trader can’t know the future, a trader can know the trend, support and resistance and momentum.

You can know:

The trend in the SPX is up.

The trend in the RUT is up.

The trend in the DJI is up.  The short-term trend, 7-day is down, it is a bull flag setup.

The trend, 3-months, in the NDX is sideways and the short-term trend, 12-days, is up. 

The 9-month trend in the NDX is up.

The 5-month trend in the VIX is down and the short-term 12-day trend is down.

Starting with this actual information, a trader can make objective judgments that can work to their advantage.

SPX -13.23, 7,785.  Closed above 7,700 for a ninth day.  The SPX breakout last week joins DJI and RUT breakouts above June highs.  That is three of the four major indexes have now broken out.  Notice that the SPX was down slightly on light volume and VIX was lower, suggesting that institutions were not net adding hedges. 

RUT 3,068, a new all-time closing high.

Breadth weakened as decliners led on the NYSE and advancers led the NASDAQ exchange.

AMAT -27.36, -5.12%, EPS $3.50 beats $3.40 estimate, sales $9.115B beat $8.991B estimate, an EPS beat with a negative reaction.

SPX advancers: CPRT SNDK AMD STX FOXA NRG LITE HAL GLW WDC ALB.

SPX decliners: AVGO GDDY AMAT HOOD CRWD HPQ WDAY GEN ORCL ARES BX.

SPCX closed at 140.00, -1.29 on volume of 96.47 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  Absorbing insider/private selling, since August 6, does not mean the stock is not speculative, but it does mean there are more buyers than sellers and intelligent speculative buyers are speculating to make money.

SPY -0.20%, pause day, below average volume of 31.3 million shares.

VIX -0.35, 14.25 its lowest close in three months and its seventh lowest close in 12 months. 

NDX -0.13% a pause day in a 12-day short-term up trend.

DJI, 53,732 -0.20%, bull flag setup.

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

Up: IWM,

Down: QQQ, SPY, DIA,

The SPY MFC green line is up at 92.2, price-action on Friday, closed above horizontal resistance for a ninth day and is short-term bullish. +2.7

Seven of eleven sectors were higher on Friday. 

49 of 100 NDX stocks closed higher on Friday.

69 NDX stocks are above their 30 DMA: FAST, PCAR, AMGN, ADP, PAYX, PYPL, REGN, CTAS, INTU, ROST, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, COST, CPRT, DASH, DXCM, MSFT, CMCSA, GEHC, CEG, AMZN, CRWD, FTNT, MDB, ORLY, PANW, CRWV, LITE, NFLX, NVDA, PLTR, MPWR, WBD, ADI, AXON, GILD, RKLB, SNPS, SPCX, VRTX, FANG, ISRG, ASML, SBUX, TER, CCEP, LRCX, MU, MRVL, NBIS, STX, ARM, INTC, KDP, PEP, SNDK, TMUS, AMD, TTWO, MELI, XEL,

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 4

AMD, TTWO, MELI, XEL,  

Moving Below 30 DMA = 4

AVGO, IDXX, KLAC, MSTR,

Add Comments here:

SPX, RUT New All-time Closing Highs...NDX, DJI Closed Higher...After-hours: AMAT EPS Beats, Moves Lower...

© 2026

SPX +50.49, 7,798.99 an all-time new closing high.  Closed above 7,700 for an eighth day.  The SPX breakout last week joins DJI and RUT breakouts above June highs. 

RUT 3,052, anther new all-time closing high.

Breadth remained positive as advancers led on both the NYSE and the NASDAQ exchanges.

TPR -25.35, -16.49%, EPS $1.32 beats $1.28 estimate, sales $1.876B in line.

SPX advancers: WDAY SNDK GDDY CSGP TTD FISV FDXF WDC GPN INTU HPQ.

SPX decliners: TPR CSCO COHR LITE GLW MOS FCX ANET NEM ULTA MCK.

After-hours: AMAT -26.91, -5.03%, EPS $3.50 beats $3.40 estimate, sales $9.115B beat $8.991B estimate, an EPS beat with a negative reaction.

SPCX closed at 141.29, -3.33 on above average volume of 120.8 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  Absorbing insider/private selling does not mean the stock is not speculative, but it does mean there are more buyers than sellers and intelligent speculative buyers are speculating to make money.

SPY +0.70%, all-time closing high, below average volume of 35.6 million shares.

VIX +0.08, 14.63 second lowest close in three-months. 

NDX +1.15% bull flag bounce continuation.DJI, 53,839 +0.13%, bull flag setup.

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

Up: QQQ, SPY, IWM, DIA,

Down:

The SPY MFC green line is up at 92, price-action on Thursday, closed above horizontal resistance for an eighth day and is short-term bullish. +2.7

Eight of eleven sectors were higher on Thursday. 

69 of 100 NDX stocks closed higher on Thursday.

69 NDX stocks are above their 30 DMA: FAST, PCAR, AMGN, ADP, PAYX, PYPL, REGN, CTAS, INTU, ROST, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, COST, CPRT, DASH, DXCM, IDXX, MSFT, CMCSA, GEHC, AVGO, CEG, AMZN, CRWD, FTNT, MDB, ORLY, PANW, CRWV, LITE, NFLX, NVDA, PLTR, MPWR, WBD, ADI, AXON, GILD, RKLB, SNPS, SPCX, VRTX, FANG, ISRG, ASML, SBUX, TER, CCEP, LRCX, MU, MRVL, NBIS, STX, ARM, INTC, KDP, KLAC, MSTR, PEP, SNDK, TMUS,

NDX Stocks to Watch on Friday

Moving Above 30 DMA = 8

ARM, INTC, KDP, KLAC, MSTR, PEP, SNDK, TMUS,

Moving Below 30 DMA = 4

CSCO, FER, HON, PDD,

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