Below are highlights from the NDW Morning Update Video for the morning of 7/13/2026.
Below are highlights from the NDW Morning Update Video for the morning of 7/13/2026. Access the the video on the NDW Morning Update Video page.
- 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.
