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2026
SPX -12.85, 7,670 range day stayed above last Thursday’s low.
Breadth improved but remained negative as decliners led on both the NYSE
and the NASDAQ exchanges. A drop
in oil prices and the NDX remaining near a BO contributed to a range day
in the broad market. The SPX
since August 4 is in a sideways consolidation pattern.
RUT 2,807 fell -9.99,
a three-month low. Oil /CL fell -4.35 and closed at 88.94.
SPX
advancers: CCL BE RCL LITE AMAT DASH GLW MRVL EIX ORCL KLAC.
SPX
decliners: FICO LULU STLD EFX NUE SLB FDS WYNN PSKY URI FIS.
SPY -1.41, -0.18%, slightly
below average volume of 36.8 million shares, range day.
VIX -0.03, 16.04 fell.
NDX +0.21% bull flag setup, a hammer-like candle just below
its June high, also a setup for a horizontal resistance breakout to an all-time
high.
DJI, 51,349 -0.26%, a hammer
candle.
Up: QQQ,
Down: SPY, DIA, IWM,
Mega caps META, AVGO, MU, TSM, AMZN, rose, and AMD, LLY, MSFT, BRK/B, NVDA, GOOGL, TSLA, AAPL, fell
on Tuesday.
SPCX closed at 149.24, +3.77, volume of 79.9 million shares. Our view is
that SPCX, with no earnings, remains an overvalued speculation.
IPO at 135 on June 12. In the end if
buyers are greater than sellers the stock will rise. People seem to be willing to speculate on
this company’s long-term fundamental future.
The SPY
MFC green line is down
at 60.3,
price-action on Tuesday is a pause day
and is counter-trend defensive. -5.3
Four
of eleven
sectors were higher on Tuesday.
48
of 100
NDX stocks closed higher on Tuesday.
45 NDX stocks are above their 30
DMA: GILD, MSTR, QCOM, AAPL,
META, AMD, INTC, AZN, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, MU, NXPI, SNDK,
ADI, ALAB, NBIS, NVDA, STX, TER, TXN, ALNY, DDOG, MPWR, MSFT, RKLB, WBD, ASML,
MAR, KLAC, LRCX, MCHP, SNPS, AMAT, CDNS, FAST, ROST, AMGN, COST, IDXX, SPCX,
NDX Stocks to Watch on Tuesday
Moving Above 30 DMA = 3
COST, IDXX, SPCX,
Moving Below 30 DMA = 2
CTAS,
GOOGL,
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