Tuesday, October 6, 2026

SPX, NDX New All-time High...DJI Closed Higher...RUT Closed Lower...Breadth Remains Positive...


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Our iBullyBear Mentoring account made an all-time Net Liq high on strength in CRWD, AMD, CIEN, RCL and other gainers on Tuesday.

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SPX +44.98, 7,818 makes a new all-time closing high.  Breadth remained positive as advancers led on both the NYSE and the NASDAQ exchanges.  The SPX broke above its sideways consolidation pattern since August 4th today.

The NDX made a new all-time closing high after breaking out of June resistance on Friday. 

Oil /CL rose +0.61 and closed at 89.91.  

SPX advancers: CIEN, CTVA, CEG, VST, NRG, GLW, EME, MRVL, SOLS, PWR, RCL.
SPX decliners: STX, MRNA, WDC ILMN, KLAC, DXCM, CHRW, LRCX, TER, INTC.

SPY +4.26, +0.55%, above average volume of 36 million shares, new closing high. 
VIX -0.51, 15.01 closed lower.
NDX +0.48% closed at an all-time high.

Up: SPY, QQQ, DIA,
Down: IWM,


Mega caps AVGO, AMD, AMZN, LLY, MSFT, GOOGL, TSLA, BRK/B, NVDA, AAPL rose, and META, TSM, MU fell on Tuesday. 


SPCX closed at 171.92, +0.83, volume of 106.9 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.  Positive comments in news from Morgan Stanley. 

The SPY MFC green line is up at 74, price-action on Tuesday, new high close and is short-term bullish. +7.7.

Ten of eleven sectors were higher on Wednesday, XLK +0.53%. 


62 of 100 NDX stocks closed higher on Tuesday.

51 NDX stocks are above their 30 DMA: MSTR, QCOM, AAPL, META, AMD, INTC, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, MU, NXPI, SNDK, ADI, ALAB, NBIS, NVDA, TER, TXN, DDOG, MPWR, MSFT, RKLB, WBD, ASML, MAR, KLAC, LRCX, MCHP, SNPS, AMAT, CDNS, SPCX, CRWV, HON, FAST, COST, CSCO, GOOGL, LIN, TSLA, AVGO, MELI, ADSK, AEP, AMZN, CEG, PYPL,

NDX Stocks to Watch on Wednesday
Moving Above 30 DMA = 5
ADSK, AEP, AMZN, CEG, PYPL,


Moving Below 30 DMA = 2
IDXX, STX,



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