Wednesday, November 4, 2026

DJI, SPX, IWM, QQQ Closed Higher...VIX and Oil Fell...Breadth Strengthened...


© 2026


SPX +119.70 7,688 opened and closed higher and formed a bullish harami.  Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges. 





SPX advancers: MOS XYZ ZNH MRNA SWK CDW CNC UHS JKHY APP EXPE.
SPX decliners: FIS TRMB DDOG VST NRG TPL VRT CVS PWR ETN EME.

Oil /CL fell -8.72 and closed at 88.04.




SPY +12.46, +1.65%, above average volume of 62.1 million shares. 
VIX -4.22, 16.61 closed lower.

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


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


SPCX closed at 135.92, -5.39, volume of 96 million shares. Our view is that SPCX proved its ability to produce profits in its last quarterly report.  IPO at 135 on June 12.  Investors seem to be willing to speculate on this company’s long-term fundamental future.  Rumors continue to circulate that SpaceX may acquire TSLA. 

The SPY MFC green line pointed down at 27.2, price-action closed above the HOLD above support and is defensive. -3.7.

Eight of eleven sectors were higher on Tuesday, XLK +0.00%. 


66 of 100 NDX stocks closed higher on Wednesday.

54 NDX stocks are above their 30 DMA: ISRG, TXN, MAR, FAST, COST, LIN, ADSK, AEP, PYPL, ADP, CCEP, CTAS, ORLY, TRI, XEL, MRNA, AMGN, KDP, EXC, GEHC, IDXX, MDLZ, CSX, AZN, GILD, INTU, MNST, REGN, ADBE, HON, PAYX, ROP, SBUX, WDAY, PEP, KHC, NXPI, TSLA, VRTX, CPRT, FER, CMCSA, PDD, ABNB, ROST,

NDX Stocks to Watch on Thursday
Moving Above 30 DMA = 9
AAPL, AMZN, AXON, BKNG, DASH, DXCM, MSFT, TMUS, TTWO,


Moving Below 30 DMA = 3    
ADI, MCHP, MPWR,



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