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2026
SPX -45.08, 7,673 opened flat and closed lower, below the low
of the high day. Oil /CL rose
1.22 and closed above its July 23 high for a horizontal BO. Breadth weakened as decliners led
on both the NYSE and the NASDAQ exchanges. Broad market rally has lost upward momentum over the past five weeks.
The VIX rose on Friday, Monday, and
Tuesday and closed at 15.72. RUT
2,960 pulled back on Tuesday.
SPX advancers: LITE INTC HPE GLW COHR STX CIEN AMD TPL FCX TKO.
SPX decliners: HWM AMGN SYK GDDY EXPE IT BKNG BSX FIS STZ DLTR.
SPY -4.23, -0.55%, on slightly above average volume of 44.7 million shares, pull back below the low of the high day.
VIX +0.42, 15.72 closed higher Friday, Monday, Tuesday.
NDX -0.21% a pause day.
DJI, 52,786 -1.18%, closed below the low of the high day and its 30 DMA.
Up:
Down: QQQ, IWM, SPY, DIA,
Mega caps TSLA, AVGO, TSM rose, and GOOGL, BRK/B, META, AMZN, WMT, MSFT, AAPL, MU, NVDA, LLY fell on Tuesday.
SPCX closed at 153.47, +5.52, on volume of 85.6 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. In the end if buyers are greater than sellers
the stock will rise.
The SPY
MFC green line is
down slightly at 75.9,
price-action on Tuesday, is still above
the high of low day Sept. 1 and is short-term bullish. -0.4.
Three
of eleven
sectors were higher on Tuesday.
37
of 100
NDX stocks closed higher on Tuesday.
37 NDX stocks are above their 30
DMA: REGN, BKR, CPRT, MSFT,
CMCSA, CEG, LITE, PLTR, WBD, GILD, SPCX, VRTX, MU, SNDK, KDP, MELI, MSTR, TSLA,
QCOM, NVDA, AAPL, TMUS, ALNY, META, CRWD, AMD, CRWV, INTC, NBIS, LRCX,
MRVL, STX, AEP, ARM, ASML, KLAC, WDC,
NDX Stocks to Watch on Wednesday
Moving Above 30 DMA = 5
AEP, ARM, ASML, KLAC, WDC,
Moving Below 30 DMA = 9
ABNB,
ADP, ALAB, AMGN, DXCM, NFLX, ROP, TRI, WDAY,
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