Wednesday, November 11, 2026

NDX, SPX, RUT, DJI Closed Higher...Breadth Strengthened...VIX Falls to 17.49...


© 2026


SPX +98.45 7,619 opened and closed higher in a bounce continuation day.  Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges.

After-hours: NVDA -15.74, -9.06% at 157.99, falls following reports that CEO Huang had an affair with an employee.  Futures /ES and /NQ pulling back following the decline in NVDA stock.


SPX advancers: SNDK BE DELL MU LITE COHR MRVL STX SMCI CIEN WDC.
SPX decliners: CTVA ABNB AMCR MCD MOS MSFT LULU LDOS CAG NVR BF/B.

Oil /CL was near unchanged -0.01 and closed at 86.33.

SPY +9.89, +1.32%, below average volume of 40.7 million shares. 
VIX -1.97, 17.49 closed lower.

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


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


SPCX closed at 139.75, -3.34, volume of 112.8 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 is pointed up slightly at 27.4, price-action continued to bounce and resumed the rally that started on Friday.  Price closed above Sep 16 support and is short-term bullish. +0.5.

Ten of eleven sectors closed higher on Wednesday, led by XLK +3.23%. 


83 of 100 NDX stocks closed higher on Wednesday.

55 NDX stocks are above their 30 DMA: ISRG, TXN, MAR, FAST, COST, LIN, ADSK, AEP, PYPL, ADP, CCEP, CTAS, ORLY, XEL, MRNA, AMGN, KDP, EXC, GEHC, IDXX, MDLZ, CSX, AZN, GILD, INTU, REGN, HON, PAYX, ROP, SBUX, PEP, KHC, NXPI, VRTX, CPRT, FER, CMCSA, ABNB, AAPL, AMZN, BKNG, TMUS, TTWO, APP,  MPWR, ROST, TSLA, TXN, RKLB, ADI, AMD, AVGO, CEG, PCAR, QCOM,

NDX Stocks to Watch on Thursday
Moving Above 30 DMA = 6
ADI, AMD, AVGO, CEG, PCAR, QCOM,


Moving Below 30 DMA = 2    
MNST, MSFT,



Add Comments here:

No comments: