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2026
SPX -24.91, 7,728, a bull flag bounce pauses. Closed above 7,700 for a sixth day. The SPX breakout last Tuesday
joins DJI and RUT breakouts above June highs.
Breadth turned positive as advancers led on
both the NYSE and the NASDAQ exchanges.
CPI Report is at 8:30 am ET Wednesday. Y/Y consensus Headline 3.4%, Core 2.5%.
After-hours: CRWV and SMCI are higher.
SPX
advancers: KKR AXON APD JBL MPC GNRC
VRT BLDR SW TPL PSX.
SPX
decliners: APP VTR DDOG HON WELL
GOOGL DECK DELL ORCL ADBE HUM.
SPCX closed at 133.29,
-3.93% above average volume of 108.6 million
shares. Newly traded private shares were absorbed by the buyers again, which is
positive. Our view is that SPCX,
with no earnings, remains an overvalued speculation. IPO at 135 on June 12.
SPY -0.32%, bull flag
bounce pause day, below average volume of 39.2 million shares.
VIX -0.18, 15.28.
NDX -0.33% bull flag bounce pause day.
DJI, 53,791 -0.34%, bull flag
setup.
Mega caps MU, TSM, META, TSLA, WMT rose and NVDA, MSFT, AAPL, LLY, AVGO, AMZN, BRK/B GOOGL fell
on Tuesday.
Up: IWM,
Down: DIA, SPY, QQQ,
The SPY
MFC green line turned
slightly down at 88.3,
price-action on Tuesday, closed above horizontal resistance for a fifth
day and is short-term bullish. -1.7
Four of eleven sectors were higher
on Tuesday.
54
of 100
NDX stocks closed higher on Tuesday.
62 NDX stocks are above their 30
DMA: EA, FAST, PCAR, AMGN, CSX,
ADP, PAYX, PYPL, REGN, CTAS, PDD, INTU, ROST, HON, ODFL, ADSK, ROP, ADBE, BKNG,
FAST, MDLZ, TRI, WDAY, ABNB, BKR, COST, CPRT, DASH, DXCM, IDXX, MSFT, CMCSA,
GEHC, AVGO, CEG, AMZN, CRWD, CSCO, FTNT, GOOGL, MDB, ORLY, PANW, CRWV, FER,
LITE, NFLX, NVDA, PLTR, MSTR, MPWR, WBD, ADI, AXON, GILD, RKLB, SNPS, SPCX,
TTWO, VRTX, FANG, ISRG,
NDX Stocks to Watch on Wednesday
Moving Above 30 DMA = 4
ASML, MELI, SBUX, TER,
Moving Below 30 DMA = 5
CSX,
DDOG, GOOGL, HON, MSTR,
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