NDW Morning Pulse – June 30, 2026.

• U.S. equity indices rebounded to kick off the week with the Nasdaq-100 ([NDX]) and Nasdaq Composite ([NASD]) leading the way to the upside with both gaining more than 2% on Monday (6/29). NDX and NASD, along with the Russell 1000 ([RUI]), saw reversals back into Xs on their default point and figure charts.
• Crude Oil ([CL/]) rallied more than 2% but ultimately saw no additional chart action as it remains in a column of Os, residing on a series of sell signals. Meanwhile, Gold ([GC/]) fell more than 1%, leading to a reversal into Os down to 4020 and placing another lower top on the chart – highlighting continued waning demand.
• While indices were positive, there were no major indicator changes, even within the short-term indicators. The NDW 40 sector 10-week indicators only saw changes to four of the 40 10-week charts with most highlighting decreases in stocks maintaining above the 50-day moving average. The distribution curve of the NDW 40 sector 10-week indicators maintains a normal distribution with no particular skew.
• Healthcare witnessed further gains within DALI, separating from financials within the sector rankings. The sector saw notable rallies within biotech stocks and funds with the State Street SPDR S&P Biotech ETF ([XBI]) pushing to multi-year highs in the upper $150s. The rally follows the market relative strength against the S&P 500 Equal Weight Index ([SPXEWI]) returning to a to Xs during last week’s action, highlighting near-term relative strength for biotechs.
• Iridium Communications ([IRDM]) rallied more than 2% during Monday’s (6/29) trading session after news broke that RocketLabs ([RKLB]) would acquire the company. On the earnings front this morning, Aerovironment ([AVAV]) beat on earnings, raising its outlook and sending shares up more than 35% to the upper $180s. Nike ([NKE]) is due to report after the close.

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