NDW Morning Pulse
Published: July 6, 2026
This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.
U.S. and international equities were mixed Thursday, though most finished the week positive.

Below are highlights from the NDW Morning Update Video for the morning of 7/6/2026. Access the the video on the NDW Morning Update Video page. 

  • U.S. and international equities were mixed Thursday (7/2), though most finished the week positive.
  • The Dow Jones Industrial Average (.DJIA) led the way to the upside, up 1% Thursday, as the index rallied near 53,000, while the Nasdaq-100 (NDX) led to the way to the downside, down 1.6%. NDX, along with the Russell 2000 (RUT), reversed into Os on their default point and figure trend chart, but both continue to maintain buy signals.
  • A notable divergence within international markets Thursday with the iShares MSCI EAFE ETF (EFA) leading all indices, up 1.3%, while the iShares MSCI Emerging Markets ETF (EMM) fell more than 1%. EEM’s chart continued lower in its current column of Os on its default point and figure chart, forming a double bottom and potential sell signal for the first time in 12 months or more.
  • After seeing the bullish percent for the S&P 500 (^BPSPX) reverse into Xs on the first trading day of July, the long-term positive trend for the large cap index ^PTSPX returned to bull confirmed status for the first time since late 2024. In addition to highlighting a slight increase in large cap stocks maintaining buy signals, the ^PT’s move higher shows stocks are also seeing trends change back to positive.
  • This week will kick off the beginning stages of Q2 earnings season with the likes of Pepsi (PEP) and Delta Air Lines (DAL) reporting this Thursday (7/9) and Friday (7/10).
  • South Korean chip maker, SK Hynix, announced Monday (7/6) it will be listing ADRs on Nasdaq.
  • Fed minutes are due to be released this coming Wednesday (7/8).

 

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This report is for Internal Use Only and not for distribution to the public. While we make every effort to be free of errors in this report, it contains data obtained from other sources. We believe these sources to be reliable, but we cannot guarantee their accuracy. Investors who use options should read the Options Disclosure Document before making any particular investment decision. Officers or employees of this firm may now or in the future have a position in the stocks mentioned in this report. Dorsey, Wright is a Registered Investment Advisor with the U.S. Securities & Exchange Commission. Copies of Form ADV Part II are available upon request.
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