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2026
SPX -1.58, 7,675, spinning top closed above the high of the
following candle. Breadth weakened
as decliners led on both the NYSE and NASDAQ exchanges. The VIX closed lower. RUT 3,005 spinning top in an 8-day
bull flag pattern.
The PCE
report Core M/M 0.2% vs 0.2%, Y/Y 3.3% vs 3.3 estimate, inline, headline M/M
0.2% vs 0.1% Y/Y 3.7% vs. 3.6% estimate.
After-hours:
NVDA +8.37, +3.98%, EPS $2.22 beats $2.10 estimate, sales
$96.221B beat $92.179B estimate.
SPX
advancers: LITE ANET CHRW WMB FFIV SJM CIEN WDC GLW DINO KMI.
SPX
decliners: MRNA RDDT GDDY LLY BSX INTU HOOD ACN COIN TKO SMCI.
SPCX closed at 139.63, +1.68, 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 +0.17, +0.02%, below
average volume of 28 million shares.
VIX -0.24, 15.21 closed lower.
NDX +0.05% a bull flag pattern, again a close above the HOLD
and a re-BO.
DJI, 53,577 -0.21%, flag
bounce pause day, red spinning top.
Mega caps AAPL, META, MSFT, MU, BRK/B, TSM rose, and AMZN, AVGO, WMT, TSLA, GOOGL, NVDA, LLY fell on Wednesday.
Up: QQQ, SPY,
Down: IWM, DIA,
The SPY
MFC green line is
down at 70.9,
price-action on Wednesday, closed above
Monday’s high and also above horizontal resistance ($760.40) for a seventeenth
day and is counter-trend defensive. -1.2
Five
of eleven
sectors were higher on Wednesday.
48
of 100
NDX stocks closed higher on Wednesday.
57 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, ASML, LRCX, SNPS, CDNS, QCOM,
NDX Stocks to Watch on Thursday
Moving Above 30 DMA = 2
CDNS, QCOM,
Moving Below 30 DMA = 4
NVDA,
ORLY, PDD, TMUS,
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