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2026
Our
iBullyBear Mentoring
account reached a new Net Liq high on strength in AMUU, META, AMD, NET, MU and
several other gainers on Thursday. Employ a systematic approach to
decision-making in the face of uncertainty.
If you want to improve your skills contact us through the iBullyBear
link above.
Stay
Focused
on the trend. Remember nobody
knows the future. Make rational,
objective and logical decisions.
SPX -1.90, 7,704 opened lower and rallied back above Monday’s
S1 level. Breadth remained negative as advancers rallied but decliners led on
both the NYSE and the NASDAQ exchanges. A rise in oil prices along with a pullback in
some technology stocks contributed to the pullback in the broad
market.
RUT 2,835 fell -3.08.
Oil /CL rose +2.05 and closed at 94.76.
SPX
advancers: P ILMN MRNA CRL RVTY GDDY A META RL CDNS INTC.
SPX
decliners: GEN MGM FSLR AKAM ROL XYL WDC WY DVA ALB CDW.
SPY -0.63, -0.02%, slightly
above average volume of 42.8 million shares, second pullback day.
VIX +0.49, 15.67 rose.
NDX +0.03% opened lower, reversed and closed slightly higher
just below horizontal resistance at its June high.
DJI, 51,349 -0.31%, a red hammer
candle.
Up:
Down: QQQ, SPY, IWM, DIA,
Mega caps META, LLY, AMD, GOOGL, TSM, MU, AMZN rose, and AAPL, BRK/B, NVDA, MSFT, TSLA, AVGO fell on Thursday. AMD remained above a $1T
market cap for a fourth day.
SPCX closed at 148.03, -0.33, volume of 72.5 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 fundamental future.
The SPY
MFC green line is
up at 64.2,
price-action on Thursday is a pullback
day and is short-term bullish. +3.2
Three
of eleven
sectors were higher on Thursday.
34
of 100
NDX stocks closed higher on Thursday.
45 NDX stocks are above their 30
DMA: GILD, SPCX, MSTR,
TSLA, 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, MDB, KLAC, LRCX, MCHP, SNPS, AMAT, CDNS, FAST, ROST,
CRWV,
NDX Stocks to Watch on Friday
Moving Above 30 DMA = 1
CRWV,
Moving Below 30 DMA = 3
APP,
KDP, WDC,
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