SPX, NDX, RUT, DJI Closed Lower...After-hours: AKAM, ABNB Positive Reaction...

 

© 2026

SPX -13.59, 7,709, pulled back for a second day, remained above Tuesday’s S-1 level and above horizontal resistance.  Closed above 7,700 for a third day.  Closed just 27 points below Tuesday’s all-time closing high.  The SPX breakout joins DJI and RUT breakouts above June highs. 

Breadth remained negative as decliners led on both the NYSE and the NASDAQ exchanges.

EPS reactions on Thursday:

WDC -67.65, -13.03%, EPS $3.56 beats $3.29 estimate, sales $3.747B beat $3.692B estimate.

SNDK -91.92, -6.81%, EPS $39.25 beats $34.45 estimate, sales $8.965B beat $8.394B estimate.

SPX advancers: MSI PH LDOS PTC ALB APA FOXA PODD OXY LYB ALL.

SPX decliners: APP DDOG AXON WDC VTRS HST TPL SNDK TTD XYZ FICO.

After-hours:

AKAM +14.69, +12.39%, EPS $1.59 beats $1.57 estimate, sales $1.099B beat $1.092B estimate.

ABNB 11.89, +7.84%, EPS $1.37 beats $1.25 estimate, sales $3.608B beat $3.576B estimate.

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Day 18 Q2 Earnings season:

Friday BMO: PPL, TTWO, VST.

Saturday morning: BRK/B.

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SPCX closed at 114.92, +6.14% above average (87.4 million) volume of 255.17 million shares as lock-up expired on 911.5 million shares. Newly traded private shares were absorbed by the buyers, which is positive.  Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  

SPY -0.16%, two-day bull flag above Tuesday’s S-1, below average volume of 38.4 million shares.

VIX -0.66, 15.15, second lowest close in three months  

NDX -0.39% two-day bull flag in a channel bounce pause.

DJI, 53,885 -0.85%, bearish engulfing pattern, one-day pullback.

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

Up:

Down: SPY, QQQ, IWM, DIA,

The SPY MFC green line is up at 86.4, price-action paused on Thursday, closed above horizontal resistance for a third day and is short-term bullish. +6.4

Three of eleven sectors were higher on Thursday led by XLE, XLC and XLV. 

43 of 100 NDX stocks closed higher on Thursday.

56 NDX stocks are above their 30 DMA: EA, FAST, PCAR, CCEP, AMGN, CSX, ADP, MELI, PAYX, PYPL, REGN, CTAS, PDD, INTU, ROST, HON, ODFL, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, COST, CPRT, DASH, DXCM, IDXX, MSFT, CMCSA, GEHC, AVGO, CEG, AMZN, CRWD, CSCO, FTNT, GOOGL, MDB, ORLY, PANW, CRWV, FER, LITE, NFLX, NVDA, PLTR, MSTR, SBUX, TER, MPWR,

NDX Stocks to Watch on Friday

Moving Above 30 DMA = 1

WBD,

Moving Below 30 DMA = 5

AXON, DDOG, GILD, KHC, NBIS,

Add Comments here:

DJI Closed at 54,349, an All-time Closing Higher as SPX, RUT, NDX Pause after a Four-day Rally...After-hours: SNDK, WDC Fall...

© 2026

SPX -12.97, 7,723, paused and pulled back above horizontal resistance after a strong four-day rally and closed above 7,700 for a second day, closing just below Tuesday’s all-time closing high.  The SPX breakout joins the previous DJI and RUT breakouts above June highs. 

DJIA closed at 54,349, a new all-time closing high.

Breadth weakened as decliners led on both the NYSE and the NASDAQ exchanges.

SPX advancers: CRL IFF AIZ NEM BKNG MCK LLY MAR AMGN CNC PSKY.

SPX decliners: PODD DVA CDW AMD EOG DINO SNDK WDC UBER CVS SBAC.

After-hours: Reports suggesting that SNDK and WDC guidance weren’t strong enough.  

SNDK -107.50, -7.96%, EPS $39.25 beats $34.45 estimate, sales $8.965B beat $8.394B estimate.

WDC -61.17, -11.78%, EPS $3.56 beats $3.29 estimate, sales $3.747B beat $3.692B estimate.

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Day 17 Q2 Earnings season:

Thursday BMO: BDX, CEG, COP, DDOG, EVRG, FISV, FOXA, HWM, KDP, KVUE, PH, RL, SRE, TAP, TRGP, VRTS, WBD, ZTS.

Thursday AMC: ABNB, AFL, AIG, AKAM, ED, GEN MCHP, MNST, RMD, RSG, TTD.

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SPCX, closed at 108.27, -13.61% earning after the close Tuesday $(0.09) beats $(0.24) estimate, sales $7.814B beat $6.934B estimate, but included an increase in AI spending. Private shares lock-up expire on August 6 with at least 911.5 million shares becoming free to trade.  Our view is that SPCX, with no earnings, is an overvalued speculation.  IPO at 135 on June 12. 

SPY -0.20%, a pause day after a four-day advance, below average volume of 44.6 million shares.

VIX -0.69, 15.81,  

NDX -0.83% formed a dark cloud cover in a channel bounce pause.

DJI, 54,349 +0.49%, an all-time closing high.

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

Up: DIA,

Down: SPY, IWM, QQQ,

The SPY MFC green line is up at 80, price-action paused on Wednesday, closed above horizontal resistance for a second day and is short-term bullish. +15.4

Five of eleven sectors were higher on Wednesday led by XLV, XLB and XLY. 

37 of 100 NDX stocks closed higher on Wednesday.

60 NDX stocks are above their 30 DMA: EA, FAST, PCAR, CCEP, AMGN, CSX, KHC, ADP, MELI, PAYX, PYPL, REGN, CTAS, GILD, PDD, INTU, ROST, HON, ODFL, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, AXON. BKR, COST, CPRT, DASH, DDOG, DXCM, IDXX, MSFT, CMCSA, GEHC, AVGO, CEG, AMZN, CRWD, CSCO, FTNT, GOOGL, MDB, ORLY, PANW, CRWV, FER, LITE, NFLX, NVDA, PLTR, MSTR, NBIS, SBUX, TER, MPWR,

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 1

MPWR,  

Moving Below 30 DMA = 2

ALAB, FANG,

Add Comments here:

DJIA, SPX, RUT Make All-time Closing Highs, NDX Closed Higher...Technology Led Sectors...After-hours: AMD, SPCX Negative EPS Reactions...

 

© 2026

SPX +136.02, 7,736, broke above horizontal resistance and closed above 7,700 for the first time at a new all-time closing high.  SPX breakout joins the previous DJI and RUT breakouts above June highs. 

DJIA closed at 54,085, a new all-time closing high.

Breadth was positive as advancers led on both the NYSE and the NASDAQ exchanges. 

SPX advancers: PLTR ZBRA IT MRVL COHR SNDK INTC SMCI TER LDOS GLW.

SPX decliners: APTV NRG CMG VST ARE ROK GWW PLD FANG RVTY HUM.

After-hours: 

ANET +20.99, +10.02%, EPS $1.02 beats $0.89 estimate, sales $3.036B beat $2.818B estimate.

AMD -45.64, -8.80%, EPS $1.66 beats $1.61 estimate, sales $11.536B beat $11.284B estimate.

SPCX -9.35, -7.46%, $(0.09) beats $(0.24) estimate, sales $7.814B beat $6.934B estimate.

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Day 16 Q2 Earnings season:

Wednesday BMO: CDW, COR, CPAY CRL, CVS, DIS, GPN, IRM, KHC, LLY, NI, PODD, PSX, UBER, ZBH,

Wednesday AMC: ALB, ALL, APA, APP, ATO, AXON, CF, CPAY, DASH, EBAY, EXPE, HST, MCK, MET, MSI, NWSA, O, OXY, SNDK, SOLV, STE, TPL, WDC, XYZ

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SpaceX, SPCX, closed at 125.33, +9.43% formed a white candle.  First EPS today AMC.  Private shares lock-up expire on August 6 with at least 911.5 million shares becoming free to trade.  Our view is that SPCX, with no earnings, is an overvalued speculation.  IPO at 135 on June 12. 

SPY +1.42%, above average volume of 59.9 million shares.

VIX +.64, 16.50, a trader that hedges against large SPX exposure and wants to hedge the potential for a BO test would buy put options.

NDX +3.32% formed another white candle in a channel bounce continuation.

DJI, 54,085 +1.71%, an all-time closing high.

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

Up: QQQ, IWM, SPY, DIA,

Down:

The SPY MFC green line is up at 64.6, price-action broke out, closed above horizontal resistance and is short-term bullish. +9.7

Seven of eleven sectors were higher on Tuesday led by XLK, XLB and XLI. 

82 of 100 NDX stocks closed higher on Tuesday.

61 NDX stocks are above their 30 DMA: EA, FAST, PCAR, CCEP, AMGN, CSX, KHC, ADP, MELI, PAYX, PYPL, REGN, CTAS, GILD, PDD, FANG, INTU, ROST, HON, ODFL, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, AXON. BKR, COST, CPRT, DASH, DDOG, DXCM, IDXX, MSFT, CMCSA, GEHC, AVGO, CEG, AMZN, CRWD, CSCO, FTNT, GOOGL, MDB, ORLY, PANW, CRWV, FER, LITE, NFLX, NVDA, PLTR, ALAB, MSTR, NBIS, SBUX, TER,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 5

ALAB, MSTR, NBIS, SBUX, TER,

Moving Below 30 DMA = 2

PEP, TTWO,

Add Comments here:

DJIA Closed New All-time High...NDX, SPX, RUT Closed Higher...After-hours: PLTR Postive EPS Reaction...

© 2026

DJIA closed at 53,178, a new all-time closing high.

SPX +110.78, 7,600, opened and closed higher just 9 points below its all-time closing high of 7,609 on June 2.  Mega caps gains from META, MSFT, GOOGL, AMZN and NVDA provided +85.93 SPX points on Monday.  SPX is at resistance with potential BO to a new all-time on Tuesday. 

Breadth strengthened as advancers led on both the NYSE and the NASDAQ exchanges. 

SPX advancers: FSLR COHR LITE ORCL AXON BLDR VRT ARES MHK BA BAX.

SPX decliners: MAR FICO EBAY CF CBOE FTI MCK CTVA LVS WDC BF/B.

After-hours: PLTR +18.72, +14.90%, CORRECTION: Palantir Technologies Q2 Adj. EPS $0.41 beats $0.35 estimate, sales $1.935B beat $1.802B estimate

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Day 15, Q2 Earnings season:

Tuesday BMO: ADM, AME, APO, APTV, BALL, BR, CAT, CMI, DD, DUK, EXPD, FIS, GWW, HISC, IDXX, IT, KIM, KMB, LDOS, MCD, MPC, MRK, NRG, PEG, PFE, PNW, Q, ROK, RVTY, SYY, TDG, WAT, ZBRA,

Tuesday AMC: AIZ, AMD, AMGN, ANET BKNG, DOC, CVA, DVN, EA, EMR, EOG, GILD, IFF, J, MOS, PRU, PSKY, WYNN,

Q2 First day reaction: +40%

Positive: TSN, ECHO, AMZN, DXCM, ETN, WY, CBOE, ERIE, ARES, MHK, LYB, MTD, FSLR, CVX, BEN, CHD, EME, LRCX, PWR, MSFT, HII, CMG, BAX, WTW, REGN, AVY, EQIX, VLO, YUM, SOLS, PTC, BMY LH, MA, APD, KKR, SBUX, ICE, IP,  GRMN, GEHC, CTSH, APH, EXE, BXP, MDLZ, ADP STX, IEX, F, BIIB, BH, IQV, INCY, SHW, NUE, RCL, PNR BRO KO, BA, UHS, ECL, PYPL, XYL, ITW, PCAR, AMT PFG, CDNS, BKR, SLB, DLR, VRSN, VZ, HCA, LMT, ALLE, URI, TMO, DGX, RTX, CSX, HON, ROP, NSC, UNP, TSCO, PKG, LVS, BX, HAS, MMM, GM, STLD, DPZ, TRV, ABT, JBHT, PLD CFG, USB, UNH, BLK, BNY, CTAS, MTB, PNC, MS, GS, JPM, BAC, = 112

Neutral: L, AEE, LNT, FRT, SATS, CL, D, XOM, FTNT, MGM, XEL, REG, AWK, V, CBRE, EXR, VRSK, VLTO, BSX, GNRC, TER, JCI, CNP, CMS, CNC, UDR, DTE, CINF, NEE, DECK, KMI, IBM, AVB, EQR, NDAQ, WST, MRSH, WRB, DHI, STT, CAG = 41

Negative: MAR, GDDY, CTVA, COIN, AAPL, EIX, SYK, TROW, LIN, MRNA, LYV, ES, AJG, ABBV, CPT, AES, IR, FICO, CHRW, LKQ, NCLH, MO, LHX, META, VTR, MLM, ESS, EG, FTI, ALGN, PSA, HSY, ORLY, HOOD, AOS, EXC, TYL, VICI, CI, MAA, QCOM, BLDR, SO, INVH, TT, AEP,  LII, VRT, MAS, KLAC, FTV, NXPI, PPG, HUM, SWKS, SW, OMC, ETR, GD, WED, PG, ACGL, CSGP, VMC, ODFL, SWK, WM, AON, FE, GLW, CARR, UPS, TXT, SPGI, HUBB, HLT, IVZ, WELL DINO, FFIV, INTC, CHTR, NEM, EW, HIG, TSLA, TMUS, ROL, DOV, GOOGL, GL, CMCSA, LUV, HBAN, CCI, NOW, PCG, TXN NVR, SNA, FCX, AMP, DOW, RJF, DHR, MSCI, HAL, EFX, GPC, SCHW, NOC, SYF, KEY, ISRG, NFLX, RF, FITB, TFC, GE, UAL PGR, ELV, JNJ, C, WFC, FAST = 126

Bold is > +5% or -5%

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SpaceX, SPCX, closed at 114.53, +5.68% formed a bullish engulfing candle.  First EPS Tuesday AMC.  Private shares lock-up expire on August 6 with at least 911.5 million shares becoming free to trade.  Our view is that SPCX, with no earnings, is an overvalued speculation.  IPO at 135 on June 12. 

SPY +1.42%, above average volume of 59.9 million shares.

VIX -1.13, 15.86, lowest close since July 15.

NDX +1.78% formed a white candle in a channel bounce continuation.

DJI, 53,178 +1.32%, an all-time closing high.

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

Up: QQQ, IWM, SPY, DIA,

Down:

The SPY MFC green line is up at 54.9, price-action is near horizontal resistance and is short-term bullish. +10.3

Eight of eleven sectors were higher on Monday led by XLC, XLI, XLY and XLK. 

70 of 100 NDX stocks closed higher on Monday.

58 NDX stocks are above their 30 DMA: EA, FAST, PCAR, CCEP, AMGN, CSX, KHC, ADP, MELI, PAYX, PYPL, REGN, CTAS, GILD, PDD, FANG, INTU, ROST, HON, ODFL, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, AXON. BKR, COST, CPRT, DASH, DDOG, DXCM, IDXX, MSFT, CMCSA, GEHC, PEP, AVGO, CEG, AMZN, CRWD, CSCO, FTNT, GOOGL, MDB, ORLY, PANW, CRWV, FER, LITE, NFLX, NVDA, PLTR, TTWO,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 7

CRWV, FER, LITE, NFLX, NVDA, PLTR, TTWO,

Moving Below 30 DMA = 3

MNST, MPWR, SBUX,

Add Comments here:

SPX, NDX, DJI Closed Higher on Channel Bounce Continuation...RUT Closed Lower...Breadth Weakened...Mega-cap Day One Reactions Split...

 

© 2026

SPX +52.09, 7,474, opened and closed higher on Friday.  Mega cap earnings from META, MSFT, AAPL and AMZN split with day one reactions: two positive and two negative.  SPX is back above the middle of its eight-week trading range at 62% of the channel up from its support low.  More than 50% of SPX earnings reports are now completed and six of the original mega caps are complete with NVDA to report on August 26. 

Breadth weakened as decliners led on both the NYSE and the NASDAQ exchanges. 

SPX advancers: AMZN DXCM ETN GOOGL WY VRT COHR ANET FTNT SOLS.

SPX decliners: GDDY CTVA COIN AAPL EIX NXPI SYK TROW LIN MU IP.

AAPL -24.52, -7.35%, EPS $2.02 beats $1.89 estimate, sales $109.417B beat $108.651B estimate. 

AMZN +36.08, +15.32%, EPS $5.75 beats $1.82 estimate, sales $200.606B beat $196.460B estimate.

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Day 14, Q2 Earnings season:

Monday BMO: ECHO, L, MAR, TSN,

Monday AMC: AES, ARE, CLX, FANG, OKE, ON, PLTR, SBAC, TKO, VRTX, WMB,

Q2 First day reaction: +40%

Positive: AMZN, DXCM, ETN, WY, CBOE, ERIE, ARES, MHK, LYB, MTD, FSLR, CVX, BEN, CHD, EME, LRCX, PWR, MSFT, HII, CMG, BAX, WTW, REGN, AVY, EQIX, VLO, YUM, SOLS, PTC, BMY LH, MA, APD, KKR, SBUX, ICE, IP,  GRMN, GEHC, CTSH, APH, EXE, BXP, MDLZ, ADP STX, IEX, F, BIIB, BH, IQV, INCY, SHW, NUE, RCL, PNR BRO KO, BA, UHS, ECL, PYPL, XYL, ITW, PCAR, AMT PFG, CDNS, BKR, SLB, DLR, VRSN, VZ, HCA, LMT, ALLE, URI, TMO, DGX, RTX, CSX, HON, ROP, NSC, UNP, TSCO, PKG, LVS, BX, HAS, MMM, GM, STLD, DPZ, TRV, ABT, JBHT, PLD CFG, USB, UNH, BLK, BNY, CTAS, MTB, PNC, MS, GS, JPM, BAC, = 110

Neutral: AEE, LNT, FRT, SATS, CL, D, XOM, FTNT, MGM, XEL, REG, AWK, V, CBRE, EXR, VRSK, VLTO, BSX, GNRC, TER, JCI, CNP, CMS, CNC, UDR, DTE, CINF, NEE, DECK, KMI, IBM, AVB, EQR, NDAQ, WST, MRSH, WRB, DHI, STT, CAG = 40

Negative: GDDY, CTVA, COIN, AAPL, EIX, SYK, TROW, LIN, MRNA, LYV, ES, AJG, ABBV, CPT, AES, IR, FICO, CHRW, LKQ, NCLH, MO, LHX, META, VTR, MLM, ESS, EG, FTI, ALGN, PSA, HSY, ORLY, HOOD, AOS, EXC, TYL, VICI, CI, MAA, QCOM, BLDR, SO, INVH, TT, AEP,  LII, VRT, MAS, KLAC, FTV, NXPI, PPG, HUM, SWKS, SW, OMC, ETR, GD, WED, PG, ACGL, CSGP, VMC, ODFL, SWK, WM, AON, FE, GLW, CARR, UPS, TXT, SPGI, HUBB, HLT, IVZ, WELL DINO, FFIV, INTC, CHTR, NEM, EW, HIG, TSLA, TMUS, ROL, DOV, GOOGL, GL, CMCSA, LUV, HBAN, CCI, NOW, PCG, TXN NVR, SNA, FCX, AMP, DOW, RJF, DHR, MSCI, HAL, EFX, GPC, SCHW, NOC, SYF, KEY, ISRG, NFLX, RF, FITB, TFC, GE, UAL PGR, ELV, JNJ, C, WFC, FAST = 125

Bold is > +5% or -5%

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SK Hynix ADR, SKHY, closed 143.73, -3.54% on its sixteenth trading day.  IPO was at 149.  SK Hynix is a profitable company with over $65 billion in revenues (larger than SPCX) and $28 billion in annual profit.  The ADR is speculative because as a new IPO it does not have a track record to evaluate. 

SpaceX, SPCX, closed at 108.37, -3.41% formed a red candle.  Our view is that SPCX, with no earnings, is an overvalued speculation.  IPO at 135 on June 12. 

SPY +0.72%, above average volume of 62.4 million shares.

VIX -1.10, 15.99, lowest close since July 15.

NDX +0.60% formed a black candle in a channel bounce continuation.

DJI, 52,485 +0.52%, just 1.08% below its all-time closing high on July 6.

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

Up: SPY, QQQ, DIA,

Down: IWM,

The SPY MFC green line is up at 44.6, price-action closed above the high of the low day and is short-term bullish. +5.0

Four of eleven sectors were higher on Friday led by XLY, XLC and XLE. 

52 of 100 NDX stocks closed higher on Friday.

54 NDX stocks are above their 30 DMA: EA, FAST, PCAR, CCEP, AMGN, CSX, KHC, ADP, MELI, PAYX, PYPL, REGN, CTAS, GILD, PDD, FANG, INTU, ROST, HON, ODFL, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, AXON. BKR, COST, CPRT, DASH, DDOG, DXCM, IDXX, MSFT, CMCSA, GEHC, MNST, PEP, SBUX, AVGO, CEG, AMZN, CRWD, CSCO, FTNT, GOOGL, MDB, MPWR, ORLY, PANW,

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 9

AMZN, CRWD, CSCO, FTNT, GOOGL, MDB, MPWR, ORLY, PANW,

Moving Below 30 DMA = 5

AAPL, KDP, MSTR, NFLX, TTWO,

Add Comments here:

NDX, SPX, RUT, DJI Closed Higher as Technology & Industrials Sectors Led, MSFT Positive Earnings Reaction...Afterhours - AMZN Positivie EPS Reaction...

© 2026

SPX +121.48, 7,437, opened and closed higher the day following the myopic and incomplete narratives regarding Wednesday’s FOMC press conference where the FOMC left rates unchanged as expected.  Nine (75%) of the FOMC committee voted to leave rates unchanged.  NDX closed above Monday, Tuesday and Wednesday’s close. 

Breadth strengthened as advancers led on both the NYSE and the NASDAQ exchanges. 

It is worthwhile noting that there were eighteen S&P 500 stocks that increased between +11.3% to +25.99% on Thursday.  The twelve advancers below and CIEN, CMG, MRVL, COHR, STX and INTC were up big.  Of the 18, three from the industrials sector EME, PWR and HII, and one from consumer discretionary CMG.  The rest were from the information technology sector. 

Those silly narratives about technology and AI trades being dead.  It’s the goofy media narratives (that should be buried) from individuals who don’t comprehend the difference between signal and noise.

SPX advancers: SNDK EME MU LRCX PWR MSFT WDC LITE AMAT TER HII AMD.

SPX decliners: FICO CHRW LKQ NCLH MO LHX META IT FDS VRSK ERIE.

META -46.58, -7.95%, missed EPS and beat on sales, a negative earnings reaction

MSFT +60.56, +15.51% had both an earnings and sales beat and a positive earnings reaction

After-hours - AAPL -21.10, -6.33%, EPS $2.02 beats $1.89 estimate, sales $109.417B beat $108.651B estimate. 

AMZN +22.50, +9.55%, EPS $5.75 beats $1.82 estimate, sales $200.606B beat $196.460B estimate.

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Day 13, Q2 Earnings season:

Friday BMO: ABBV. ARES, BEN, CBOE, CHD, CL, CVX, D, ETN, FRT, LIN, LYB, MRNA, TROW, XOM,

Q2 First day reaction: +40%

Positive: EME, LRCX, PWR, MSFT, HII, CMG, BAX, WTW, REGN, AVY, EQIX, VLO, YUM, SOLS, PTC, BMY LH, MA, APD, KKR, SBUX, ICE, IP,  GRMN, GEHC, CTSH, APH, EXE, BXP, MDLZ, ADP STX, IEX, F, BIIB, BH, IQV, INCY, SHW, NUE, RCL, PNR BRO KO, BA, UHS, ECL, PYPL, XYL, ITW, PCAR, AMT PFG, CDNS, BKR, SLB, DLR, VRSN, VZ, HCA, LMT, ALLE, URI, TMO, DGX, RTX, CSX, HON, ROP, NSC, UNP, TSCO, PKG, LVS, BX, HAS, MMM, GM, STLD, DPZ, TRV, ABT, JBHT, PLD CFG, USB, UNH, BLK, BNY, CTAS, MTB, PNC, MS, GS, JPM, BAC, = 96

Neutral: FTNT, MGM, XEL, REG, AWK, V, CBRE, EXR, VRSK, VLTO, BSX, GNRC, TER, JCI, CNP, CMS, CNC, UDR, DTE, CINF, NEE, DECK, KMI, IBM, AVB, EQR, NDAQ, WST, MRSH, WRB, DHI, STT, CAG = 33

Negative: FICO, CHRW, LKQ, NCLH, MO, LHX, META, VTR, MLM, ESS, EG, FTI, ALGN, PSA, HSY, ORLY, HOOD, AOS, EXC, TYL, VICI, CI, MAA, QCOM, BLDR, SO, INVH, TT, AEP,

LII, VRT, MAS, KLAC, FTV, NXPI, PPG, HUM, SWKS, SW, OMC, ETR, GD, WED, PG, ACGL, CSGP, VMC, ODFL, SWK, WM, AON, FE, GLW, CARR, UPS, TXT, SPGI, HUBB, HLT, IVZ, WELL DINO, FFIV, INTC, CHTR, NEM, EW, HIG, TSLA, TMUS, ROL, DOV, GOOGL, GL, CMCSA, LUV, HBAN, CCI, NOW, PCG, TXN NVR, SNA, FCX, AMP, DOW, RJF, DHR, MSCI, HAL, EFX, GPC, SCHW, NOC, SYF, KEY, ISRG, NFLX, RF, FITB, TFC, GE, UAL PGR, ELV, JNJ, C, WFC, FAST = 109

Bold is > +5% or -5%

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SK Hynix ADR, SKHY, closed 149.00, +17.52% on its fifteenth trading day.  IPO was at 149.  SK Hynix is a profitable company with over $65 billion in revenues (larger than SPCX) and $28 billion in annual profit.  The ADR is speculative because as a new IPO it does not have a track record to evaluate. 

SpaceX, SPCX, closed at 112.20, -0.31% formed another red spinning top candle.  Our view is that SPCX, with no earnings, is an overvalued speculation.  IPO at 135 on June 12. 

SPY +1.68%, above average volume of 70.6 million shares.

VIX -3.57, 17.09, reversed last Thursday’s, Monday’s and Wednesday’s gains.

NDX +3.36% formed a white candle that reversed Tuesday and Wednesday’s selloff and closed above the high of the low day on Wednesday.

DJI, 52,208 +1.19%, just 1.78% below its all-time closing high on July 6.

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

Up: QQQ, SPY, IWM, DIA,

Down:

The SPY MFC green line turned up at 39.6, price-action closed above diagonal support from June 9 and 26 and is short-term bullish. +1.2

Five of eleven sectors were higher on Thursday led by XLK, XLI and XLY 

52 of 100 NDX stocks closed higher on Thursday.

50 NDX stocks are above their 30 DMA: EA, FAST, PCAR, CCEP, AMGN, CSX, KHC, ADP, MELI, PAYX, PYPL, REGN, CTAS, AAPL, GILD, PDD, FANG, INTU, ROST, HON, ODFL, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, AXON. BKR, COST, CPRT, DASH, DDOG, DXCM, IDXX, MSFT, TTWO, CMCSA, GEHC, MNST, PEP, KDP, NFLX, SBUX, AVGO, CEG, MSTR,

NDX Stocks to Watch on Friday

Moving Above 30 DMA = 3

AVGO, CEG, MSTR,

Moving Below 30 DMA = 3

EXC, MAR, ORLY,

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For What It's Worth...

© 2026

Some of the narratives created on Wednesday don’t meet logic tests.  They sound plausible but they don’t offer supporting facts, just opinions.  In evaluation of information we ask, "is there vague or ambiguous language?"  An analytical mind would say, "show me the evidence."  

You can decide for yourself, but Wednesday’s post-FOMC narratives don’t make sense.  Price action seemed to be market maker induced effects of the microstructure process not the alleged fears being described.  FWIW

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SPX, RUT, NDX, DJI Closed Lower after FOMC Left Rate Unchanged as Expected...Breadth Weakened...META Misses EPS, MSFT Beats...

© 2026

SPX -112.63, 7,316, opened slightly lower, and closed lower after the FOMC meeting where rates were unchanged as expected.  Nine (75%) of the FOMC committee voted to leave rates unchanged.  NDX closed lower below seven-week support. 

Breadth weakened decliners led on both the NYSE and the NASDAQ exchanges.

SPX advancers: GRMN GEHC CTSH SBAC INTU IT ADBE DOW DDOG WDAY ACN.

SPX decliners: LII VRT MAS KLAC MU SMCI FLEX COHR AMAT BG BLDR.

META -50.89, -8.66%, EPS miss and sales beat, a negative earnings reaction

MSFT +34.67, +8.88% earnings and sales beat, a positive earnings reaction

AAPL, AMZN report Thursday after market close.

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Day 12, Q2 Earnings season:

Thursday BMO: AEP, AOS, APD, AVY, BAX, BLDR, BMY, CI, EME, EXC, FTI, HII, HSY, ICE, IP, KKR, LH, LKQ, MA, MLM, MO, NCLH, PWR, REGN, SO, SOLS, TT, VLO, WTW, XEL, YUM,

Thursday AMC: AAPL, AEE, AES, AJG, AMZN, COIN, CPT, CTVA, DXCM, EIX, ERIE, ES, FSLR, GDDY, IR, LNT, LYV, MHK, MTD, SATS, SYK, WY,

Q2 First day reaction: +40%

Positive: GRMN, GEHC, CTSH, APH, EXE, BXP, MDLZ, ADP STX, IEX, F, BIIB, BH, IQV, INCY, SHW, NUE, RCL, PNR BRO KO, BA, UHS, ECL, PYPL, XYL, ITW, PCAR, AMT PFG, CDNS, BKR, SLB, DLR, VRSN, VZ, HCA, LMT, ALLE, URI, TMO, DGX, RTX, CSX, HON, ROP, NSC, UNP, TSCO, PKG, LVS, BX, HAS, MMM, GM, STLD, DPZ, TRV, ABT, JBHT, PLD CFG, USB, UNH, BLK, BNY, CTAS, MTB, PNC, MS, GS, JPM, BAC, = 73

Neutral: V, CBRE, EXR, VRSK, VLTO, BSX, GNRC, TER, JCI, CNP, CMS, CNC, UDR, DTE, CINF, NEE, DECK, KMI, IBM, AVB, EQR, NDAQ, WST, MRSH, WRB, DHI, STT, CAG = 28

Negative: LII, VRT, MAS, KLAC, FTV, NXPI, PPG, HUM, SWKS, SW, OMC, ETR, GD, WED, PG, ACGL, CSGP, VMC, ODFL, SWK, WM, AON, FE, GLW, CARR, UPS, TXT, SPGI, HUBB, HLT, IVZ, WELL DINO, FFIV, INTC, CHTR, NEM, EW, HIG, TSLA, TMUS, ROL, DOV, GOOGL, GL, CMCSA, LUV, HBAN, CCI, NOW, PCG, TXN NVR, SNA, FCX, AMP, DOW, RJF, DHR, MSCI, HAL, EFX, GPC, SCHW, NOC, SYF, KEY, ISRG, NFLX, RF, FITB, TFC, GE, UAL PGR, ELV, JNJ, C, WFC, FAST = 80

Bold is > +5% or -5%

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SK Hynix ADR, SKHY, closed 126.79, -2.60% on its fourteenth trading day.  IPO was at 149.  SK Hynix is a profitable company with over $65 billion in revenues (larger than SPCX) and $28 billion in annual profit.  The ADR is speculative because as a new IPO it does not have a track record to evaluate. 

SpaceX, SPCX, closed at 112.55, -3.32% formed a red spinning top candle today.  Our view is that SPCX, with no earnings, is an overvalued speculation.  IPO at 135 on June 12. 

SPY -1.54%, above average volume of 70.6 million shares.

VIX +2.45, 20.66,

NDX -2.06% formed a red candle and closed below its June 9 support low and its 8-week sideways consolidation.

DJI, 51,594 -2.19%, fell to ST support on July 23.

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

Up:

Down: SPY, IWM, QQQ, DIA,

The SPY MFC green line is down at 38.4, price-action closed below diagonal support from June 9 and 26 but is still above IT horizontal support and is short-term bearish. -12.8

Two of eleven sectors were higher on Wednesday led by XLE, XLP and XLRE 

39 of 100 NDX stocks closed higher on Wednesday.

50 NDX stocks are above their 30 DMA: EA, FAST, PCAR, CCEP, AMGN, CSX, KHC, ADP, MELI, PAYX, PYPL, REGN, CTAS, AAPL, GILD, PDD, FANG, INTU, ROST, HON, ODFL, EXC, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, AXON. BKR, COST, CPRT, DASH, DDOG, DXCM, IDXX, MAR, MSFT, ORLY, TTWO, CMCSA, GEHC, MNST, PEP, KDP, NFLX, SBUX,

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 3

KDP, NFLX, SBUX,

Moving Below 30 DMA = 4

CEG, ODFL, VRTX, XEL,

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