NDX Closed Higher...SPX, DJI, RUT Closed Lower...Breadth Strengthened but Remained Negative...VIX Slightly Lower...

© 2026

SPX -12.85, 7,670 range day stayed above last Thursday’s low. Breadth improved but remained negative as decliners led on both the NYSE and the NASDAQ exchanges.  A drop in oil prices and the NDX remaining near a BO contributed to a range day in the broad market.  The SPX since August 4 is in a sideways consolidation pattern.

RUT 2,807 fell -9.99, a three-month low. Oil /CL fell -4.35 and closed at 88.94.  

SPX advancers: CCL BE RCL LITE AMAT DASH GLW MRVL EIX ORCL KLAC.

SPX decliners: FICO LULU STLD EFX NUE SLB FDS WYNN PSKY URI FIS.

SPY -1.41, -0.18%, slightly below average volume of 36.8 million shares, range day. 

VIX -0.03, 16.04 fell.

NDX +0.21% bull flag setup, a hammer-like candle just below its June high, also a setup for a horizontal resistance breakout to an all-time high.

DJI, 51,349 -0.26%, a hammer candle.

Up: QQQ,

Down: SPY, DIA, IWM,

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

SPCX closed at 149.24, +3.77, volume of 79.9 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. 

The SPY MFC green line is down at 60.3, price-action on Tuesday is a pause day and is counter-trend defensive. -5.3

Four of eleven sectors were higher on Tuesday. 

48 of 100 NDX stocks closed higher on Tuesday.

45 NDX stocks are above their 30 DMA: GILD, MSTR, QCOM, AAPL, META, AMD, INTC, AZN, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, MU, NXPI, SNDK, ADI, ALAB, NBIS, NVDA, STX, TER, TXN, ALNY, DDOG, MPWR, MSFT, RKLB, WBD, ASML, MAR, KLAC, LRCX, MCHP, SNPS, AMAT, CDNS, FAST, ROST, AMGN, COST, IDXX, SPCX,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 3

COST, IDXX, SPCX,         

Moving Below 30 DMA = 2

CTAS, GOOGL,

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DJI, RUT, SPX, NDX Closed Lower...Breadth Weakened...Oil Prices Rose...Technology Stocks Fell...

© 2026

Anders Ericsson said: “gaining expertise is largely a matter of improving one’s mental processes” and expertise was “a long term process.”

SPX -59.72, 7,683 pulled back but stayed above Thursday’s low. Breadth was negative as decliners led on both the NYSE and the NASDAQ exchanges.  A rise in oil prices along with a pullback in technology stocks contributed to the pullback in the broad market.  The SPX since August 4 is in a sideways consolidation pattern.

RUT 2,817 fell -19.6, a three-month low. Oil /CL fell +0.85 and closed at 93.29.  

SPX advancers: PANW PSKY CRWD P VTRS ISRG MTD WAT COO NWSA ODFL.

SPX decliners: BE DASH QCOM BA INTC META REGN COHR RDDT NEM AKAM.

SPY -5.74, -0.74%, slightly above average volume of 42.6 million shares, pullback day. 

VIX +1.20, 16.07 rose.

NDX -1.08% pull back, a hammer-like candle just below its June high, a setup for a horizontal resistance breakout to an all-time high.

DJI, 51,481 -0.67%, a pullback red candle.

Up:

Down: DIA, IWM, SPY, QQQ,

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

SPCX closed at 145.47, -3.21, volume of 83.3 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. 

The SPY MFC green line turned down at 65.6, price-action on Monday is a pause day and is counter-trend defensive. -5.1

Three of eleven sectors were higher on Monday. 

36 of 100 NDX stocks closed higher on Monday.

44 NDX stocks are above their 30 DMA: GILD, MSTR, QCOM, AAPL, META, AMD, INTC, AZN, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, MU, NXPI, SNDK, ADI, ALAB, NBIS, NVDA, STX, TER, TXN, ALNY, DDOG, MPWR, MSFT, RKLB, WBD, ASML, MAR, KLAC, LRCX, MCHP, SNPS, AMAT, CDNS, FAST, ROST, AMGN, GOOGL, CTAS,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 1

CTAS,        

Moving Below 30 DMA = 4

KDP, MDB, SPCX, TSLA,

Add Comments here:

DJI, SPX, NDX, RUT Closed Higher...VIX Fell...Breadth Strengthened led by Technology and Mega-cap Stocks...

© 2026

Our iBullyBear Mentoring account remained near its Net Liq high on strength in DELL, DDOG and other gainers on Friday. 

Employ a systematic approach to decision-making in the face of uncertainty.  If you want to improve your skills contact us through the iBullyBear link above.

Stay Focused on the trend.  Anders Ericsson said: “gaining expertise is largely a matter of improving one’s mental processes” and expertise was “a long term process.”

SPX +39.28, 7,743 rallied back above Monday’s S2 level, which closed above Thursday’s high. Breadth was positive as advancers led on both the NYSE and the NASDAQ exchanges.  A drop in oil prices along with a rally in technology stocks contributed to the rally in the broad market.

RUT 2,837 rose +1.98. Oil /CL fell -2.32 and closed at 92.44.  

SPX advancers: BE ON MCHP GNRC DELL CVS IT MHK PYPL HUM DDOG.

SPX decliners: GEN CHTR PANW DVN GDDY DRI CBOE INTC GIS LYB AXON.

SPY +4.17, +0.54%, below average volume of 36.6 million shares, bounce day. 

VIX -0.80, 14.87 fell.

NDX +0.42% closed above Thursday and just below its June high a setup for horizontal resistance breakout to an all-time high.

DJI, 51,828 +0.93%, a bullish engulfing candle.

Up: DIA, SPY, QQQ, IWM,

Down:

Mega caps MSFT, AAPL, AVGO, GOOGL, NVDA, AMD, MU, LLY, AMZN, BRK/B rose, and TSM, TSLA, META fell on Friday.  AMD remained above a $1T market cap for a fifth day.

SPCX closed at 148.68, +0.65, volume of 54.6 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. 

The SPY MFC green line is up at 70.7, price-action on Friday is a bounce day and is short-term bullish. +6.5

Eight of eleven sectors were higher on Friday, led by XLI and XLK. 

65 of 100 NDX stocks closed higher on Friday.

47 NDX stocks are above their 30 DMA: GILD, SPCX, MSTR, TSLA, QCOM, AAPL, META, AMD, INTC, AZN, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, MU, NXPI, SNDK, ADI, ALAB, NBIS, NVDA, STX, TER, TXN, ALNY, DDOG, MPWR, MSFT, RKLB, WBD, ASML, MAR, MDB, KLAC, LRCX, MCHP, SNPS, AMAT, CDNS, FAST, ROST, AMGN, GOOGL, KDP,

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 3

AMGN, GOOGL, KDP,       

Moving Below 30 DMA = 1

CRWV

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NDX, SPX, RUT, DJI Closed Lower...Breadth Improved but Remained Negative...Oil Rose...

 

© 2026

Our iBullyBear Mentoring account reached a new Net Liq high on strength in AMUU, META, AMD, NET, MU and several other gainers on Thursday. Employ a systematic approach to decision-making in the face of uncertainty.  If you want to improve your skills contact us through the iBullyBear link above.

Stay Focused on the trend.  Remember nobody knows the future.  Make rational, objective and logical decisions.

SPX -1.90, 7,704 opened lower and rallied back above Monday’s S1 level. Breadth remained negative as advancers rallied but decliners led on both the NYSE and the NASDAQ exchanges.  A rise in oil prices along with a pullback in some technology stocks contributed to the pullback in the broad market.

RUT 2,835 fell -3.08. Oil /CL rose +2.05 and closed at 94.76.  

SPX advancers: P ILMN MRNA CRL RVTY GDDY A META RL CDNS INTC.

SPX decliners: GEN MGM FSLR AKAM ROL XYL WDC WY DVA ALB CDW.

SPY -0.63, -0.02%, slightly above average volume of 42.8 million shares, second pullback day. 

VIX +0.49, 15.67 rose.

NDX +0.03% opened lower, reversed and closed slightly higher just below horizontal resistance at its June high.

DJI, 51,349 -0.31%, a red hammer candle.

Up:

Down: QQQ, SPY, IWM, DIA,

Mega caps META, LLY, AMD, GOOGL, TSM, MU, AMZN rose, and AAPL, BRK/B, NVDA, MSFT, TSLA, AVGO fell on Thursday.  AMD remained above a $1T market cap for a fourth day.

SPCX closed at 148.03, -0.33, volume of 72.5 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 fundamental future. 

The SPY MFC green line is up at 64.2, price-action on Thursday is a pullback day and is short-term bullish. +3.2

Three of eleven sectors were higher on Thursday. 

34 of 100 NDX stocks closed higher on Thursday.

45 NDX stocks are above their 30 DMA: GILD, SPCX, MSTR, TSLA, QCOM, AAPL, META, AMD, INTC, AZN, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, MU, NXPI, SNDK, ADI, ALAB, NBIS, NVDA, STX, TER, TXN, ALNY, DDOG, MPWR, MSFT, RKLB, WBD, ASML, MAR, MDB, KLAC, LRCX, MCHP, SNPS, AMAT, CDNS, FAST, ROST, CRWV,

NDX Stocks to Watch on Friday

Moving Above 30 DMA = 1

CRWV,      

Moving Below 30 DMA = 3

APP, KDP, WDC,

Add Comments here:

DJI, SPX, NDX, RUT Closed Lower...Oil Rose, Breadth Weakened on Weakness in Technology Stocks and Mega Caps...Cyber Software Rose on Strength in PANW, CRWD, FTNT...

© 2026

Our iBullyBear Mentoring account paused today and closed with its second highest Net Liq on strength in CRWD, META, PLTR and several other gainers on Wednesday.  If you are not employing a systematic approach to decision-making in the face of uncertainty and you want to improve your skills contact us through the iBullyBear link above.

Stay Focused on the trend.  Don’t be distracted by price fluctuations or subjective opinions.

SPX -58.61, 7,706 a pullback day that stayed above Monday’s S1 level. Breadth weakened as decliners led on both the NYSE and the NASDAQ exchanges.  A rise in oil prices along with a pullback in technology stocks and mega-caps contributed to the pullback in the broad market.

RUT 2,838 fell -51.25. Oil /CL rose +2.86 and closed at 92.71.  

SPX advancers: PANW CRWD VEEV PLTR APA IR ILMN NOW ZBRA FTNT DVN.

SPX decliners: PAYX EXPE ABNB TPL BKNG MCD FSLR BBY APP UAL GEN.

SPY -5.57, -0.72%, above average volume of 54.8 million shares, pullback day. 

VIX +0.97, 15.18 rose.

NDX -0.84% pulled back from horizontal resistance at its June high.

DJI, 51,511 -0.68%, a red candle pullback day.

Up:

Down: DIA, SPY, QQQ, IWM,

Mega caps META, BRK/B, MSFT, TSLA rose, and AAPL, TSM, NVDA, AMD, LLY, MU, AMZN, AVGO, GOOGL fell on Wednesday.  AMD remained above a $1T market cap for a third day.

SPCX closed at 148.36, -6.36, volume of 60.3 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 fundamental future. 

The SPY MFC green line is up at 61.1, price-action on Tuesday is a pullback day and is short-term bullish. +9.3

One of eleven sectors was higher on Wednesday. 

40 of 100 NDX stocks closed higher on Wednesday.

47 NDX stocks are above their 30 DMA: GILD, SPCX, MSTR, TSLA, QCOM, AAPL, META, AMD, INTC, AZN, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, MU, NXPI, SNDK, ADI, ALAB, NBIS, NVDA, STX, TER, TXN, ALNY, APP, DDOG, MPWR, MSFT, RKLB, WBD, ASML, MAR, MDB, KLAC, LRCX, MCHP, SNPS, WDC, AMAT, CDNS, FAST, KDP, ROST, 

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 5

AMAT, CDNS, FAST, KDP, ROST,     

Moving Below 30 DMA = 2

DXCM, GOOGL,

Add Comments here:

NDX, RUT Closed Higher...SPX, DJI Closed Lower...Breadth was Mixed...Institutions Continue Selective Buying...

© 2026

Our iBullyBear Mentoring account once again hit a new all-time Net Liq high today on strength in LITE, MU, NET, AAPL, AMUU and several other gainers on Tuesday.  If you are not employing a systematic approach to decision-making in the face of uncertainty and you want to improve your skills contact us through the iBullyBear link above.

Stay Focused on the trend.  Don’t be distracted by price fluctuations or subjective opinions.

SPX -0.06, 7,7664 a trading range pause day on Tuesday.  Breadth was mixed as advancers led on the NASDAQ exchange.  A drop in oil prices along with buying in select technology stocks and mega-caps added some stability to broad markets.

RUT 2,889 bounced +14.56. Oil /CL fell -2.12 and closed at 89.85.  

SPX advancers: SNDK LEN MRNA MU STX TER ALGN AMGN MTD EL SWK.

SPX decliners: GEN GDDY RCL SCHW ALL CHTR DELL ADBE CSCO AMP DGX.

SPY -0.12, -0.22%, below average volume of 34.7 million shares, pause day. 

VIX -0.66, 14.21 closed down.

NDX +0.82% made a new intra-day and closing high, is a horizontal breakout setup at its June high.

DJI, 51,863 -0.36%, a red candle pause day.

Up: QQQ, IWM,

Down: SPY, DIA,

Mega caps MU, TSM, AMD, TSLA, NVDA, AVGO, LLY, BRK/B, AAPL rose, and META, MSFT GOOGL AMZN fell on Tuesday.  AMD remained above a $1T market cap and we are adding it to our mega cap list and dropping WMT which fell below $1T market cap on its last earnings release and has yet to recover.

SPCX closed at 154.72, +2.87, volume of 59 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 fundamental future. 

The SPY MFC green line is up at 51.8, price-action on Tuesday is a BO pause day and is short-term bullish. +10.3

Six of eleven sectors were higher on Tuesday. 

72 of 100 NDX stocks closed higher on Tuesday.

44 NDX stocks are above their 30 DMA: GILD, SPCX, MSTR, TSLA, QCOM, AAPL, META, AMD, INTC, AZN, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, GOOGL, MU, NXPI, SNDK, ADI, ALAB, DXCM, NBIS, NVDA, STX, TER, TXN, ALNY, APP, DDOG, MPWR, MSFT, RKLB, WBD, ASML, MAR, MDB, KLAC, LRCX, MCHP, SNPS, WDC,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 8

ASML, MAR, MDB, KLAC, LRCX, MCHP, SNPS, WDC,    

Moving Below 30 DMA = 0

Add Comments here: 

To iBullyBear members, 

Due to personal family circumstances Tuesday sessions have been cancelled.  Our text service, is still not functioning this morning, we have again communicated with their Support team and as of this moment the issue has not been resolved. We are using the blog as a backup communication tool.  Additional information is on the iBullyBear website.  We apologize for any inconvenience this morning.

FYI: Positions in AMD, SNDK, LITE, DELL, MU, META, AAPL, NET did target out.  We did roll up & out AMD, LITE, DELL, META, AAPL and added CIEN.

Dave Johnson

NDX, SPX, DJI, RUT Closed Higher...SPX New All-time Closing High...Breadth Strengthened...

© 2026

Our iBullyBear Mentoring account once again hit a new all-time Net Liq high on strength in AMD, SNDK, NET, LITE DELL and several other gainers on Monday.  If you are not employing a systematic approach to decision-making in the face of uncertainty and you want to improve your skills contact us through the iBullyBear link above.

Stay Focused on the trend.  Don’t be distracted by price fluctuations or subjective opinions. Even Kevin Warsh in explaining seven important principles for the Fed said “Trends matter most.”

SPX +114.20, 7,7664 a bounce continuation on Monday as the SPX makes a new all-time closing high by 1.52 points.  Breadth strengthened as advancers led on both the NYSE and the NASDAQ exchanges.  A drop in oil prices along selective buying in technology stocks, mega-caps and SPX leaders led to capital flowing into specific stocks like INTC, AMD, META, ARM, ALAB, MRVL and RKLB.

RUT 2,875 bounced +14.23. Oil /CL fell -3.50 and closed at 91.97.  

SPX advancers: AKAM MRNA INTC META WBD AMD QCOM GDDY APP DDOG.

SPX decliners: MHK DINO MPC VLO UPS HPQ PSX CHTR UNP CF COP.

SPY 11.81, +1.55%, above average volume of 50.4 million shares, led to its second highest close. 

VIX +0.06, 14.87 closed up.

NDX +2.83% nearing a multi-month horizontal breakout of its all-time high in June.

DJI, 52,048 +0.71%, a white hammer candle closed above the high of the following day.

Up: QQQ, SPY, DIA, IWM,

Down:

Mega caps META, TSLA, MU, TSM, NVDA, AMZN, MSFT, GOOGL, AVGO, LLY, AAPL, WMT rose, and BRK/B fell on Monday.  AMD reached $1.004T market cap for the very first time on Monday.

SPCX closed at 151.85, -0.86, volume of 81.9 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 fundamental future. 

The SPY MFC green line turned up at 41.5 price-action on Monday closed above its 30 DMA and is short-term bullish. +1.7

Seven of eleven sectors were higher on Monday.  XLC +3.90% and XLK +2.89% led all sectors.

78 of 100 NDX stocks closed higher on Monday.

36 NDX stocks are above their 30 DMA: GILD, SPCX, MSTR, TSLA, QCOM, AAPL, META, AMD, INTC, AZN, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, GOOGL, MU, NXPI, SNDK, ADI, ALAB, DXCM, NBIS, NVDA, STX, TER, TXN, ALNY, APP, DDOG, MPWR, MSFT, RKLB, WBD,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 7

ALNY, APP, DDOG, MPWR, MSFT, RKLB, WBD,   

Moving Below 30 DMA = 1

WDAY,

Add Comments here:

 To iBullyBear members, 

Due to personal family circumstances Monday sessions have been cancelled.  Our text service is not funcitioning and as of this moment the issue has not been resolved with the texting service, although we are striving to reach members.  We apologize for any inconvenience this morning.

Dave Johnson

NDX, SPX Closed Higher, DJI, RUT Closed Lower...VIX Fell...Technology and Mega Caps Led NDX Rally...SPY Dividend 1.889...

 

© 2026

SPX +12.74, 7,650 a bounce continuation on Friday, after the FOMC press conference selloff on Wednesday.  Breadth weakened as decliners led on both the NYSE and the NASDAQ exchanges.  Selective buying in technology stocks, mega-caps as VIX fell led to more capital flowing into specific stocks.

RUT 2,860 pullback -14.23. Oil /CL fell -5.62 and closed at 95.47.   

SPX advancers: COIN SNDK HOOD COHR LRCX STX AMAT TER KLAC LITE WDC.

SPX decliners: NUE QCOM ARE GM ACN NFLX CF FISV APP STLD LEN.

SPY +0.98, +0.13%, after declaring dividend of 1.889, above average volume of 65.3 million shares, closed above the high of the low day. 

VIX -0.63, 14.81 closed lower.

NDX +0.67% continued channel bounce above its 30 DMA.

DJI, 51,682 -0.18%, formed a red hammer candle above support.

Up: QQQ, SPY,

Down: DIA, IWM,

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

SPCX closed at 152.71, -2.10, volume of 335.6 million shares was driven by the NDX rebalancing that increased SPCX’s index weighting. 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 fundamental future. 

The SPY MFC green line is down at 36.6 price-action on Friday closed above the HOLD and re-broke out of June resistance and is short-term bullish. -5.1

Two of eleven sectors were higher on Friday.  XLK +0.82% led all sectors.

43 of 100 NDX stocks closed higher on Friday.

30 NDX stocks are above their 30 DMA: GILD, SPCX, MSTR, TSLA, QCOM, AAPL, META, AMD, INTC, AZN, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, GOOGL, MU, NXPI, SNDK, WDAY, ADI, ALAB, DXCM, NBIS, NVDA, STX, TER, TXN,

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 8

ADI, ALAB, DXCM, NBIS, NVDA, STX, TER, TXN,   

Moving Below 30 DMA = 5

ALNY, APP, DDOG, MSFT, WBD,

Add Comments here:

NDX, SPX, RUT, DJI Closed Higher Following Wednesday's Press Conference Selloff...Breadth Strengthened...Mega Caps and Technology Stocks Led Thursday Rally...

© 2026

SPX +85.95, 7,637 a strong positive bounce back after the press conference selloff and after the FOMC raised fed funds rate 25 basis points on Wednesday.  Breadth strengthened as advancers led on both the NYSE and the NASDAQ exchanges. 

RUT 2,874 bounced +15.82. Oil /CL fell -0.93 and closed at 101.09.  

SPX advancers: GNRC SMCI MRNA INTC HPE SWKS SNDK AMD WDAY HPQ MU.

SPX decliners: TMUS DVA PSKY CPRT CSGP CMCSA BLDR AXON RDDT VRSK.

SPY +8.55, +1.13%, above average volume of 49.6 million shares, move above the high of the low day. 

VIX -2.27, 15.44 closed lower.

NDX +1.73% moved > the HOLD and closed above its 30 DMA.

DJI, 51,778 +0.61%, formed a bullish harami candle above support.

Up: QQQ, SPY, IWM, DIA,

Down:

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

SPCX closed at 154.81, +3.93, on volume of 83.9 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 fundamental future. 

The SPY MFC green line is down at 41.7 price-action on Thursday closed above the HOLD and re-broke out of June resistance and is short-term bullish. -2.7

Nine of eleven sectors were higher on Thursday.  XLK +2.25% led all sectors.

64 of 100 NDX stocks closed higher on Thursday.

27 NDX stocks are above their 30 DMA: WBD, GILD, SPCX, MSTR, TSLA, QCOM, AAPL, ALNY, META, AMD, INTC, APP, AZN, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, DDOG, GOOGL, MSFT, MU, NXPI, SNDK, WDAY,

NDX Stocks to Watch on Friday

Moving Above 30 DMA = 7

DDOG, GOOGL, MSFT, MU, NXPI, SNDK, WDAY,

Moving Below 30 DMA = 1

KDP,  

Add Comments here:

Fed Rate Hike 25 Basis Points...NDX Closed Higher...RUT, SPX, DJI Closed Lower...

© 2026

SPX -33.92, 7,551 was positive until the FOMC press conference at 2:30 pm EDT, when it fell more than $6 and closed down below last Thursday’s low.  Breadth strengthened but remained negative as decliners led on both the NYSE and the NASDAQ exchanges. 

RUT 2,858 fell to a 3-month low. Oil /CL fell -3.45 and closed at 102.02.  The Fed did announce a 25-basis point hike as expected by the ZQ fed funds traders, financial media and numerous commentators.  Tuesday and Wednesday we did hear Rick Rieder of BlackRock, Tom Lee of Fundstrat and Dan Greenhaus of Solus Asset Mgt, say they thought the Fed could have kept rates unchanged.

SPX advancers: LITE COHR AXON GEV EW INTC RVTY DELL MTD MRVL SMCI.

SPX decliners: JBHT ON FANG OXY TPL COP EXE EOG DVN FSLR HBAN.

SPY -3.34, -0.44%, above average volume of 58.9 million shares, was positive until the FOMC press conference at 2:30 pm EDT, when it fell more than $6 and closed below last Thursday’s low at short-term support. 

VIX +0.51, 17.71 closed higher.

NDX +0.02% sideways, closed lower at support.

DJI, 51,461 -1.21%, remained above Thursday’s short-term low.

Up: QQQ,

Down: IWM, SPY, DIA,

 

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

SPCX closed at 150.88, +7.39, on volume of 181.4 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 fundamental future. 

The SPY MFC green line is down at 44.4 price-action on Wednesday closed below Thursday’s low short-term support and is defensive. -8.1

Two of eleven sectors were higher on Wednesday.  XLK +0.1% led and XLU was unchanged.

48 of 100 NDX stocks closed higher on Wednesday.

21 NDX stocks are above their 30 DMA: WBD, GILD, SPCX, KDP, MSTR, TSLA, QCOM, AAPL, ALNY, META, AMD, INTC, APP, AZN, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR,

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 4

ISRG, LITE, MRVL, PLTR,

Moving Below 30 DMA = 4

ADP, FANG, MSFT, SNDK,

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