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2026
SPX -36.41, 7,765 opens lower and then rallied from its low of
the day to form another hammer candle.
Breadth strengthened and was mixed as advancers led on the NYSE and
decliners led on the NASDAQ exchange.
The SPX tested Tuesday’s HBO for a second day.
Oil /CL rose
+2.24 and
closed at 91.18.
SPX
advancers: CSGP CMG GDDY ACN IT CTSH FDS LDOS MPC VLO CHRW.
SPX
decliners: COHR GLW VST BE LITE ORCL INTC SNDK CEG CTVA SMCI.
SPY -3.29, -0.42%, just
below average volume of 40.2 million shares, a hammer day.
VIX +0.33, 15.41 closed higher.
NDX -1.39% two-day test of Friday BO.
Up: DIA,
Down: IWM, SPY, QQQ,
Mega caps AAPL, BRK/B rose, and
META, GOOGL, TSLA, MSFT, LLY, AMZN, NVDA, TSM, AMD, AVGO, MU fell on Thursday.
SPCX closed at 160.57, -7.03, volume of 69 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.
$300 price target in news from Morgan Stanley on Monday.
The SPY
MFC green line is
up at 85.1,
price-action paused on Thursday forming a
hammer in a two-day bull flag pattern and is short-term
bullish. +4.0.
Eight
of eleven
sectors were higher on Thursday, XLK -1.79%.
45
of 100
NDX stocks closed higher on Thursday.
51 NDX stocks are above their 30
DMA: MSTR, AAPL, META, AMD,
CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, MU, ADI, ALAB, NVDA, TER, TXN, DDOG,
MPWR, MSFT, RKLB, WBD, ASML, MAR, KLAC, LRCX, MCHP, SNPS, AMAT, CDNS, SPCX, FAST,
COST, CSCO, GOOGL, LIN, TSLA, AVGO, MELI, ADSK, AEP, AMZN, CEG, PYPL, ADP, CCEP,
CTAS, ODFL, ORLY, TRI, XEL,
NDX Stocks to Watch on Thursday
Moving Above 30 DMA = 7
ADP, CCEP, CTAS, ODFL, ORLY, TRI, XEL,
Moving Below 30 DMA = 6
AMGN,
CRWV, INTC, NBIS, NXPI, SNDK,
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