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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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