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2026
SPX +31.29, 7,690 opened and closed higher, formed a bullish
harami candle. Breadth strengthened as
advancers were mixed but decliners still led on both the NYSE and NASDAQ
exchanges. The SPX formed a nine-day
bull flag pattern.
SPX
advancers: SNDK WDC DDOG AMZN MRVL PLTR MRNA LRCX ANET TER.
SPX
decliners: MOS NRG AMP MHK WRB ES STLD LKQ CEG CAG DHI.
Oil /CL fell
-0.80 and
closed at 98.24.
Earnings season
continues with earnings from GE, GM, MMM, COF, NFLX, UAL, SPCX, IBM, LRCX, META, TSLA,
TXN and URI on Tuesday and Wednesday among 75 SPX companies
this week.
SPY +4.16, +0.55%, below
average volume of 38.8 million shares, a bullish harami.
VIX -1.55, 18.44 closed lower.
Up: QQQ, SPY, IWM,
Down: DIA,
Mega caps AMZN, TSLA, MU, AVGO, TSM, AMD, NVDA, GOOGL, MSFT, BRK/B
rose, and AAPL, META, LLY fell on Monday.
SPCX closed at 148.84, +2.78, volume of 74.5 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 long-term fundamental future.
SPCX reports EPS after the close on Tuesday, Oct 20. Rumors continue to circulate that SpaceX may
acquire TSLA.
The SPY
MFC green line is down
at 63.2,
price-action bounced on Monday forming a bullish
harami candle pattern and is counter-term defensive. -7.2.
Three
of eleven
sectors were higher on Monday, XLK +1.41%.
63
of 100
NDX stocks closed higher on Monday.
50 NDX stocks are above their 30
DMA: AAPL, ISRG, ADI, TXN, MSFT,
MAR, SNPS, CDNS, FAST, COST, LIN, ADSK, AEP, PYPL, ADP, CCEP, CTAS, ODFL, ORLY,
TRI, XEL, MRNA, AMGN, KDP, PDD, EXC, FANG, GEHC, IDXX, MDLZ, CSX, ABNB,
AZN, GILD, INTU, MNST, REGN, ROST, ADBE, HON, MELI, PAYX, ROP, SBUX, WDAY, PEP, AMZN, DASH, DDOG, PLTR,
NDX Stocks to Watch on Tuesday
Moving Above 30 DMA = 4
AMZN, DASH, DDOG, PLTR,
Moving Below 30 DMA = 2
KHC,
META,
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