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2026
SPX +46.18, 7,811 opened and closed higher, closed above the
high of the low day at horizontal resistance.
Breadth strengthened as advancers led on both the NYSE and NASDAQ
exchanges. The SPX did a bull
flag bounce and closed at horizontal resistance from August 13. Earnings season starts on October 13 with JPM C, GS, WFC, JNJ, UNH and DPZ.
Oil /CL rose
+0.48 and
closed at 91.66.
SPX
advancers: CCI MRNA HUM AMT SBAC DDOG AKAM CIEN LITE PLTR ILMN.
SPX
decliners: TMUS T VZ HPQ CHTR FICO SWKS MOS DE BG CTVA.
SPY +4.64, +0.60%, below
average volume of 22.6 million shares, a close above the high of the low
day.
VIX -0.57, 14.84 closed lower.
NDX +0.51% BO test bullish harami candle bull flag setup.
Up: DIA, SPY, QQQ, IWM,
Down:
Mega caps MSFT, LLY, AMZN, TSLA, BRK/B, GOOGL, AVGO rose,
and NVDA, META, AAPL, TSM, MU, AMD fell on Friday.
SPCX closed at 162.57, +2.00, volume of 94 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 87.6,
price-action paused on Thursday forming a
hammer in a two-day bull flag pattern and is short-term
bullish. +2.5.
Nine of eleven sectors were higher
on Friday, XLK +0.51%.
65
of 100
NDX stocks closed higher on Friday.
57 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, 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, MRNA, AMGN, GILD, KDP, MDB, PDD, TTWO,
MRNA replaces WBD in NDX.
NDX Stocks to Watch on Monday
Moving Above 30 DMA = 6
AMGN, GILD, KDP, MDB, PDD, TTWO,
Moving Below 30 DMA = 1
ARM,
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