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2026
SPX +12.74, 7,650 a bounce continuation on Friday, after the FOMC press
conference selloff on Wednesday. Breadth
weakened as decliners led on both the NYSE and the NASDAQ
exchanges. Selective buying in technology
stocks, mega-caps as VIX fell led to more capital flowing into specific stocks.
RUT 2,860 pullback -14.23. Oil /CL
fell -5.62
and closed at 95.47.
SPX
advancers: COIN SNDK HOOD COHR LRCX STX AMAT TER KLAC LITE WDC.
SPX
decliners: NUE QCOM ARE GM ACN NFLX CF FISV APP STLD LEN.
SPY +0.98, +0.13%, after
declaring dividend of 1.889, above average volume of 65.3 million shares, closed
above the high of the low day.
VIX -0.63, 14.81 closed lower.
NDX +0.67% continued channel bounce above its 30 DMA.
DJI, 51,682 -0.18%, formed a red
hammer candle above support.
Up: QQQ, SPY,
Down: DIA, IWM,
Mega caps MU, AVGO, NVDA, TSM, AMZN, GOOGL, BRK/B, LLY rose,
and WMT, AAPL, TSLA, MSFT, META fell on Friday.
SPCX closed at 152.71, -2.10, volume of 335.6 million shares was driven by
the NDX rebalancing that increased SPCX’s index weighting. 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 fundamental future.
The SPY
MFC green line is
down at 36.6 price-action on Friday closed above the
HOLD and re-broke out of June resistance and is short-term
bullish. -5.1
Two
of eleven
sectors were higher on Friday. XLK +0.82% led all sectors.
43 of 100
NDX stocks closed higher on Friday.
31 NDX stocks are above their 30
DMA: GILD, SPCX, MSTR,
TSLA, QCOM, AAPL, META, AMD, INTC, AZN, CRWD, FTNT, PANW, ISRG, LITE, MRVL,
PLTR, GOOGL, MU, NXPI, SNDK, WDAY, ADI, ALAB, DXCM, NBIS, NVDA, STX, TER,
TXN,
NDX Stocks to Watch on Friday
Moving Above 30 DMA = 8
ADI, ALAB, DXCM, NBIS, NVDA, STX, TER, TXN,
Moving Below 30 DMA = 4
ALNY,
APP, DDOG, MSFT, WBD,
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