©
2026
SPX -54.67, 7,631, made its lowest close in 21 days after reports
of continuing conflict in the Middle East and rising oil prices. The SPX formed a spinning top, close
to average volume as it rallied from its low in the last 60 minutes. Once again, SPX closed below 7,700.
Breadth weakened as decliners led on the NYSE and
NASDAQ exchanges. The VIX closed
visually higher. RUT 2,920 fell
on Tuesday.
SPX
advancers: MRNA EIX PCG HPQ CF BG HWM DLTR ADM CVS CTVA.
SPX
decliners: AXON CDNS IBKR CRWD DELL ODFL COIN CIEN SNPS DDOG.
After-hours:
DELL +27.00, +6.35%, EPS $7.04 beats $4.91 estimate, sales
$46.971B beat $44.953B estimate.
PANW
-7.49,
-2.07%,
EPS $1.02 beats
$0.98 estimate, sales $3.410B beat $3.352B estimate.
SPCX closed at 142.23, -1.46, on volume of 53.6 million shares. Our view
is that SPCX, with no earnings, remains an overvalued speculation.
IPO at 135 on June 12.
SPY -5.27, -0.69%, below
average volume of 41 million shares, watch for a potential bounce above Tuesday’s
high $764.67
VIX +1.42, 16.34 closed higher.
NDX -1.29% a doji just above ST support.
DJI, 52,766 -0.79%, closed
below its 30 DMA and just above ST support.
Mega caps AAPL, META, WMT, LLY rose, and AVGO, TSM, BRK/B, MSFT, GOOGL, NVDA, AMZN, MU, TSLA fell
on Tuesday.
Up:
Down: SPY, DIA, IWM, QQQ,
The SPY
MFC green line turned
down at 75.5,
price-action on Tuesday, closed below
the high of the low day (August 20), remained above new support old HBO
resistance, is a bull flag setup and is counter-trend
defensive. -1.7
Four
of eleven
sectors were higher on Tuesday.
20
of 100
NDX stocks closed higher on Tuesday.
45 NDX stocks are above their 30
DMA: AMGN, ADP, PAYX, REGN,
INTU, ADSK, ROP, ADBE, TRI, WDAY, ABNB, BKR, CPRT, DASH, DXCM, MSFT, CMCSA,
GEHC, CEG, MDB, LITE, NFLX, PLTR, WBD, GILD, SPCX, VRTX, MU, SNDK, KDP, MELI,
MSTR, TSLA, SBUX, SNPS, QCOM, CRWD, FTNT, NVDA, PANW, AAPL, KHC, TMUS, ALNY,
FANG,
NDX Stocks to Watch on Wednesday
Moving Above 30 DMA = 0
Moving Below 30 DMA = 5
AMZN,
CCEP, CDNS, ISRG, PEP,
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