NDW Morning Update Video – October 26, 2026.

• Indices were mixed Friday (10/23) with crude oil ([CL/]) leading the way to the upside, up 3.8%, causing the commodity to give a second buy signal at $102 as prices moved above $103. Monday’s premarket trading has seen the commodity pullback from the those rally highs last week. Note a move below $96 would return the commodity to a sell signal.
• U.S. indices were negative Friday (10/23), led to the downside by the Dow Jones Industrial Average ([.DJIA]), down 1.23%, but the index continues maintain a buy signal. Though flat during Friday’s trading, the Nasdaq-100 Index ([NDX]) returned to a sell signal by breaking a double bottom at 29,000. After reversing down into Os to 7,650 on 10/16, the S&P 500 Index ([SPX]) continues to maintain a buy signal with support at 7,550 and in the 7,250 to 7,350 range.
• Though Friday’s (10/23) trading was negative for equity indices, the bullish percent for the NYSE stock universe ([^BPNYSE]) reversed into Xs to 42%, highlighting an uptick in stocks maintaining buy signals. The reversal comes after the BP had fallen to it lowest level since 12 months at 36%. Large and mid cap bullish percent have seen an uptick as well, leading to reversals into Xs on the BP indicator charts.
• The DALI Sector Rankings witnessed a notable shift late last week with Technology and Communication Services falling to second and fourth in the rankings, while Healthcare and Energy climbed up to first and third. It is worth noting that the sectors ranked third (Energy) through fifth (Financials) are within three tally signals of each other, leaving the potential for further movement in the rankings.
• Along with a Fed Meeting this week and upcoming rate guidance, earnings will take center stage with roughly a third of the Dow Jones Industrial Average reporting this week. Below are notable highlights.
  • Visa ([V]) – Reports 10/27 – V has been a 5 for 5’er after seeing the market RS chart return to a column of Xs on 10/13. Trading earlier this month brought about a fourth buy signal with a double top break at $388, while last week’s trading kicked off with a move to a new all-time chart high at $408 on 10/20. This places V near the top of the 10-week trading band and in overbought territory. The prior high in the mid $380s may be seen as initial support, while additional can be found at $360 and in the $344 to $352 range.
  • Alphabet ([GOOGL]) – Reports 10/28 – GOOGL has been a 3 for 5’er since July of this year after seeing the market and peer RS charts reverse into Os, highlighting near-term underperformance. Last week’s trading brought the stock back to a sell signal with a double bottom break at $332 on 10/21 as shares fell to $324. From here, near-term support lies at $316, the July 2026 chart low, while additional can be found at $300, the bullish support line.
  • Microsoft ([MSFT]) – Reports 10/28 – MSFT has been a 4 for 5’er since August after seeing the peer RS chart reverse back into Xs. On the trend chart, MSFT kicked off October with a fourth buy signal by breaking a triple top at $520 before rallying to $544, one box from the all-time chart high. Last week’s action brought the trend chart back into Os at $520. Initial support can be found in the $480 to $488 range, while the bullish support line sits at $400.
  • Amazon.com ([AMZN]) – Reports 10/29 – AMZN has been a 3 for 5’er since August after seeing the peer RS chart reverse back into Xs. On the trend chart, AMZN has been on a buy signal since July and rallied to a new all-time chart high in August. Since then, the stock has consolidated with recent trading, seeing a reversal into Os to $248, placing a lower top at $264. Beyond current support at $248, the bullish support line sits at $240, while additional can be found at $228.
  • Caterpillar ([CAT]) – Reports 10/29 – CAT has been a 3 for 5’er since July of this year after seeing the market and peer RS charts reverse into Os, highlighting near-term underperformance. Last week’s trading brought the stock back to a sell signal with a triple bottom break at $704 on 10/22 as shares fell to $688. From here, near-term support lies in the $664 to $672 range, while additional can be found at $656, the bullish support line.