NDW Morning Update Video – July 13, 2026.

• Most U.S. equity indices were positive Friday (7/10) with the S&P 500 Index ([SPX]) up 42 basis points, while the Russell 2000 Index ([RUT]) was the lone index in negative territory, down 49 basis points. The only index charts to see additional action were the Nasdaq-100 ([NDX]), which moved above 29800 to form a double top, and the Russell 1000 ([RUI]), which reversed back into Xs to 4120.
• Broader market indicators were muted following Friday’s (7/10) trading, but a short-term indicator worth noting is the Weekly Distribution for NYSE Stocks ([^WDNYSE]). The indicator measures the average overbought/oversold reading and resides at 0% on the chart. This highlights the average weekly distribution reading is neither overbought or oversold and notes that on average, stocks have come back to the middle of the 10-week (50-day) trading band.
• Delta ([DAL]) beat on Q2 earnings and reinstated its full-year guidance. Fuel costs and capacity cuts provided downbeat price action as the chart reversed down into Os following Friday’s (7/10) trading.
• Bank earnings will take center stage this week, but below are names reporting this week worth monitoring due to recent chart action.
  • Wells Fargo ([WFC]) – Reports 7/14 - 3 for 5’er that gave a second buy signal during last week’s trading but has rallied to resistance in the upper $80s. Initial support can be found in the $82 to $83 range, while the bullish support line sits at $77.
  • BlackRock ([BLK]) – Reports 7/15 – 3 for 5’er after seeing a second sell signal and shift to a negative trend to finish off June’s trading. From here, a move above 1088 would return the stock to a buy signal and flip the trend back to positive. Support lies in the $928 to $960 range.
  • United Airlines ([UAL]) – Reports 7/16 – 4 for 5’er that has been consolidating since reaching a new chart high at $138 at the end of June. Initial support lies at $122, while additional can be found at $116.
  • Netflix ([NFLX]) – Reports 7/16 – Though the stock returned to a buy signal to kick of July’s trading, last week’s action brought the chart back into Os and into the lower $70s, near reach lows. Beyond recent lows, a move into the $60 range would mark the lowest level since late 2024.
  • UnitedHealth Group ([UNH]) – Reports 7/16 – UNH has improved to a 5 for 5’er and rallied to a 52-week high during last week’s trading. From here, resistance on the chart isn’t found until the $600 range, while initial support can be found at $376 and $360.

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