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2026
SPX +81.11, 7,747, opened higher, trended higher, formed a
white candle and closed above 7,700. Oil
closed +66 cents. Breadth remained
positive as advancers again led on both the NYSE and NASDAQ
exchanges. The VIX closed near
recent lows at 14.32. RUT 2,968 rose
on Thursday.
Jobs Report Friday at 8:30 am ET, could give the
market a catalyst to fluctuate. Consensus
is +55K nonfarm payrolls and a 4.2% unemployment rate.
SPX
advancers: HOOD COIN PLTR NOW PFG AXON ORCL CRWD TSLA HPE DELL.
SPX
decliners: CIEN TSN CHTR ALB CAG GIS KHC DOW BSX AVGO LYB.
CIEN
-36.70,
-10.36%,
EPS $2.11 beats
$1.73 estimate, sales $1.671B beat $1.633B estimate.
AVGO
-10.08,
-2.74%,
EPS $3.32 beats
$3.24 estimate, sales $13.088B miss $29.362B estimate.
SPCX closed at 149.74, +9.03, on volume of 120.9 million shares. Our view
is that SPCX, with no earnings, remains an overvalued speculation.
IPO at 135 on June 12. As I have
mentioned multiple times in our iBullyBear mentoring sessions, the market has been
willing to absorb private shareholder selling since August 6.
SPY +8.01, +1.05%, average
volume of 43.5 million shares, bounce continuation for a second day after a
13-day extended bull flag.
VIX -0.88, 14.32 second lowest close since January.
NDX +1.16% a bounce
continuation white candle.
DJI, 53,686 +1.18%, closed
above its 30 DMA.
Mega caps TSLA, META, MSFT, WMT, NVDA, GOOGL, AMZN, AAPL, BRK/B, TSM,
MU rose, and LLY, AVGO fell on Thursday.
Up: DIA, QQQ, SPY, IWM,
Down:
The SPY
MFC green line turned
up at 76,
price-action on Thursday, a bull flag bounce
continuation and is short-term bullish. +0.8
Eight
of eleven
sectors were higher on Thursday.
61
of 100
NDX stocks closed higher on Thursday.
41 NDX stocks are above their 30
DMA: AMGN, ADP, PAYX, REGN,
INTU, ROP, ADBE, TRI, WDAY, ABNB, BKR, CPRT, DASH, DXCM, MSFT, CMCSA, CEG, LITE,
NFLX, PLTR, WBD, GILD, SPCX, VRTX, MU, SNDK, KDP, MELI, MSTR, TSLA, SNPS, QCOM,
NVDA, AAPL, TMUS, ALNY, FANG, META, AZN, CCEP, CRWD,
NDX Stocks to Watch on Friday
Moving Above 30 DMA = 3
AZN, CCEP, CRWD,
Moving Below 30 DMA = 3
KHC,
PEP, SBUX,
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