RUT Closed at a new All-time Closing High...NDX, SPX Closed Higher...DJI Close Slightly Lower...After-hour: CBRS down on Negative EPS Reaction...

© 2026

SPX +20.30, 7,748, a bull flag bounce continuation after the CPI report was in line with the consensus forecast: Y/Y consensus Headline 3.4%, Core 2.5%.  Closed above 7,700 for a seventh day.  The SPX breakout last week joins DJI and RUT breakouts above June highs. 

RUT 3,045, a new all-time closing high.

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

SPX advancers: SMCI LITE CIEN DELL COHR HPE STX ANET TER SNDK ORCL.

SPX decliners: TPL COR FSLR AXON CHTR APP TPR IT UBER LULU BLDR.

After-hours: CBRS -43.53, -16.61%, on a negative EPS reaction.

SPCX closed at 146.15, +9.65% another great day on above average volume of 167.2 million shares. Newly traded private shares continue to be absorbed by buyers, which is positive.  Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  Having a great day does not mean the stock is not speculative, but it does mean there are more buyers than sellers and intelligent speculators are making money.

SPY +0.25%, bull flag bounce day, below average volume of 33.1 million shares.

VIX -0.73, 14.55 a three-month closing low. 

NDX +0.74% bull flag bounce continuation.

DJI, 53,770 -0.04%, bull flag setup.

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

Up: QQQ, IWM, SPY,

Down: DIA,

The SPY MFC green line turned up at 89.3, price-action on Wednesday, closed above horizontal resistance for a seventh day and is short-term bullish. +1.0

Eight of eleven sectors were higher on Wednesday. 

50 of 100 NDX stocks closed higher on Wednesday.

65 NDX stocks are above their 30 DMA: FAST, PCAR, AMGN, ADP, PAYX, PYPL, REGN, CTAS, PDD, INTU, ROST, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, COST, CPRT, DASH, DXCM, IDXX, MSFT, CMCSA, GEHC, AVGO, CEG, AMZN, CRWD, CSCO, FTNT, MDB, ORLY, PANW, CRWV, FER, LITE, NFLX, NVDA, PLTR, MPWR, WBD, ADI, AXON, GILD, RKLB, SNPS, SPCX, VRTX, FANG, ISRG, ASML, SBUX, TER, CCEP, HON, LRCX, MU, MRVL, NBIS, STX,  

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 7

CCEP, HON, LRCX, MU, MRVL, NBIS, STX,  

Moving Below 30 DMA = 2

MELI, TTWO,

Add Comments here:

RUT Close Higher...DJI, SPX, NDX Close Lower...Breadth Turned Positive...VIX Remained Low...Afterhours: CRWV, SMCI Positive EPS Reaction...

© 2026

SPX -24.91, 7,728, a bull flag bounce pauses.  Closed above 7,700 for a sixth day.  The SPX breakout last Tuesday joins DJI and RUT breakouts above June highs. 

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

CPI Report is at 8:30 am ET Wednesday.  Y/Y consensus Headline 3.4%, Core 2.5%.

After-hours: CRWV and SMCI are higher.

SPX advancers: KKR AXON APD JBL MPC GNRC VRT BLDR SW TPL PSX.

SPX decliners: APP VTR DDOG HON WELL GOOGL DECK DELL ORCL ADBE HUM.

SPCX closed at 133.29, -3.93% above average volume of 108.6 million shares. Newly traded private shares were absorbed by the buyers again, which is positive.  Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12. 

SPY -0.32%, bull flag bounce pause day, below average volume of 39.2 million shares.

VIX -0.18, 15.28. 

NDX -0.33% bull flag bounce pause day.

DJI, 53,791 -0.34%, bull flag setup.

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

Up: IWM,

Down: DIA, SPY, QQQ,

The SPY MFC green line turned slightly down at 88.3, price-action on Tuesday, closed above horizontal resistance for a sixth day and is short-term bullish. -1.7

Four of eleven sectors were higher on Tuesday. 

54 of 100 NDX stocks closed higher on Tuesday.

60 NDX stocks are above their 30 DMA: FAST, PCAR, AMGN, ADP, PAYX, PYPL, REGN, CTAS, PDD, INTU, ROST, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, COST, CPRT, DASH, DXCM, IDXX, MSFT, CMCSA, GEHC, AVGO, CEG, AMZN, CRWD, CSCO, FTNT, MDB, ORLY, PANW, CRWV, FER, LITE, NFLX, NVDA, PLTR, MPWR, WBD, ADI, AXON, GILD, RKLB, SNPS, SPCX, TTWO, VRTX, FANG, ISRG, ASML, MELI, SBUX, TER,  

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 4

ASML, MELI, SBUX, TER,    

Moving Below 30 DMA = 5

CSX, DDOG, GOOGL, HON, MSTR,

Add Comments here:

SPX, DJI, NDX, RUT Closed Slightly Lower...Breadth Weakens on Range Day...

© 2026

SPX -4.53, 7,753, a bull flag bounce pauses.  Closed above 7,700 for a fifth day.

The SPX breakout last Tuesday joins DJI and RUT breakouts above June highs. 

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

EPS reactions on Monday:

BRK/B +7.62, +1.46%, EPS $6.02 beats $5.13 estimate, sales $101.808B up from $92.515B YoY

SPX advancers: DDOG APA MPC FTI AKAM CF PANW FANG PSX VRTX VLO.

SPX decliners: COHR LITE CIEN VRSK GLW MRVL LUV UAL FSLR CCL MO.

SPCX closed at 138.74, +4.23% above average volume of 169.9 million shares as lock-up expired April 6 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 -0.03%, bull flag bounce pause day, below average volume of 39.2 million shares.

VIX +0.56, 15.46. 

NDX -0.34% bull flag bounce pause.

DJI, 53,975 -0.11%, bull flag setup.

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

Up:

Down: SPY, DIA, QQQ, IWM,

The SPY MFC green line turned slightly down at 90, price-action on Monday, closed above horizontal resistance for a fifth day and is short-term bullish. -1.0

Five of eleven sectors were higher on Monday. 

47 of 100 NDX stocks closed higher on Monday.

61 NDX stocks are above their 30 DMA: FAST, PCAR, AMGN, CSX, ADP, PAYX, PYPL, REGN, CTAS, PDD, INTU, ROST, HON, 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, MPWR, WBD, ADI, AXON, GILD, RKLB, SNPS, SPCX, TTWO, VRTX, DDOG, FANG, ISRG,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 3

DDOG, FANG, ISRG,  

Moving Below 30 DMA = 5

CCEP, MCHP, MRVL, SBUX, TER,

Add Comments here:

SPX Closed at 7,757, a New All-time Closing High...NDX, RUT, DJI Closed Higher...Jobs Report Lower Than Expected...BRK/B Reports Earnings on Saturday...

© 2026

SPX +47.68, 7,757, rallied to an all-time closing high.  Closed above 7,700 for a fourth day.  The SPX breakout on Tuesday joins DJI and RUT breakouts above June highs.  

Futures rallied immediately at 8:30 am ET this morning when a lower than expected Jobs Report was released, -23K jobs vs 88K estimate.  The narrative is that the Jobs Report perhaps delays the Fed from raising rates.  The CME Fed Watch tool showed the probability for a September hike fell today to 44.4% from 55.0% on Thursday. 

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

SPX advancers: ABNB MCHP COHR PLTR MRNA AXON NEM APTV HPQ UBER.

SPX decliners: TTD AKAM ZTS RMD STX CDW TRGP TPL MNST NWSA WDC.

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Day 18 Q9 Earnings season:

Saturday morning: BRK/B.

Monday AMC: SPG.

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SPCX closed at 133.11, +15.83% above (148.7 million) average volume of 242.13 million shares after buyers continued to buy, which is positive, as lock-up expired on 911.5 million shares on Thursday. .  Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12. 

SPY +0.61%, bull flag bounce above the high of the low day, below average volume of 43.5 million shares.

VIX -0.25, 14.90, lowest close in three months. 

NDX +1.19% bull flag bounce move above the high of the low day.

DJI, 54,036 +0.28%, white spinning top, bull flag setup.

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

Up: QQQ, IWM, SPY, DIA,

Down:

The SPY MFC green line is up at 91, price-action bounced on Friday, closed above horizontal resistance for a fourth day and is short-term bullish. +4.6

Nine of eleven sectors were higher on Friday led by XLY, XLK and XLB. 

75 of 100 NDX stocks closed higher on Friday.

65 NDX stocks are above their 30 DMA: EA, FAST, PCAR, CCEP, AMGN, CSX, ADP, 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, WBD, ADI, AXON, GILD, MCHP, MRVL, RKLB, SNPS, SPCX, TTWO, VRTX,

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 10

ADI, AXON, GILD, MCHP, MRVL, RKLB, SNPS, SPCX, TTWO, VRTX,

Moving Below 30 DMA = 1

MELI,

Add Comments here:

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

____________________________________________________________________

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

___________________________________________________________________

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%

____________________________________________________________________

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,

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

 

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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,

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