Below are highlights from the NDW Morning Update Video for the morning of 10/12/2026.
Below are highlights from the NDW Morning Update Video for the morning of 10/12/2026. Access the video on the NDW Morning Update Video page.
- U.S. equity indices were positive Friday (10/9) with the Dow Jones Industrial Average (.DJIA) leading to the upside for the trading day. Among the indices that continue to trade near all-time chart highs are the Nasdaq Composite (NASD), S&P 500 (SPX), and Russell 1000 (RUI), while the Nasdaq-100 (NDX) sits in Os just below highs. The Russell 2000 (RUT) continues to be monitored closely as the index still maintains a sell signal and challenged recent near-term lows.
- While Gold (GC/) rose 1.4% during Friday’s (10/9) trading session, the chart didn’t see additional action as it resides in Xs, a couple boxes below a potential buy signal at 4220. The commodity has been on a sell signal since early September and traded within a negative trend since the closing days of September.
- Emerging markets rebounded on Friday (10/9) but finished the week in negative territory. The iShares MSCI Emerging Markets ETF (EEM) reversed into Os on 10/8 at $66, failing to penetrate near-term resistance in the upper $60s and testing near-term support. EEM has been on a sell signal since July, and additional support can be found at $61.
- Delta Air Lines (DAL) missed on earnings Friday (10/9), highlighting fuel costs as a major headwind for the quarter. Prior to reporting, the stock returned to a sell signal on 10/8 and shifted back into a negative trend, dropping the stock down to a 3 for 5’er. From here, support lies in the $76 to $77 range, the September 2026 chart lows.
- Earnings will pick up this week with major banks being the notable highlights. Below are a few of the notable names reporting in the next couple of days.
- FedEx Corporation (FDX) – Reports 10/12 – FDX fell to a 2 for 5’er in late September after seeing the trend shift to negative and market RS chart reverse down into Os. Last week’s trading saw the chart reverse back into Xs at $292 after finding a near-term low at $280. While resistance resides near recent chart highs in the $340 range, support currently lies in the $276 to $280 range.
- UnitedHealth Group (UNH) - Reports 10/13 – UNH has been a 4 for 5’er since August and saw the chart returned to a buy signal at $384 to cap off last week’s trading. From here, resistance lies in the in the upper $390 to $400 range, while support lies in the $360 to $364 range.
- J.P. Morgan Chase (JPM) – Reports 10/13 – JPM has been a 4 for 5’er since late May this year. The stock moved to a sell signal by breaking a double bottom at $340, completing a bullish signal reversal pattern. Recent action has seen the chart fall down to test support at $328. From here, support beyond current levels resides in the upper $290 to $300 and $280 ranges.
