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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 72.1,
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
Six of eleven sectors were higher and XLB unchanged 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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