U.S. equity indices rebounded to kick off the week.
Below are highlights from the NDW Morning Update Video for the morning of 6/30/2026. Access the the video on the NDW Morning Update Video page.
- 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 4,020 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.
- REMINDER: Today (6/30) at market close (4 PM) marks the last day to enter the NDW Model Competition.
