NDW Morning Update Video – August 10, 2026.

• U.S. equity and international equities were positive Friday (8/7). Most indices continue to maintain near recent rally highs on their charts achieved last week.
• Gold ([GC/]) and crude oil ([CL/]) were both positive Friday (8/7) with gold climbing above 4350 on its long-term 50 point per box chart and crude reversing back into a column of Xs on the default point and figure chart.
• Week-over-week, participation has improved with the average bullish percent reading for the NDW 40 sectors climbing from 40% to 47%, leading to a slight shift to the right of the distribution curve of the sectors. Technology sectors like semiconductors ([^BPSEMI]) and computers ([^BPCOMP]) were notable highlights, while steel ([^BPSTEE]) and aerospace ([^BPAERO]) seeing increases in stocks maintaining buy signals.
• Consumer Inflation (CPI) reports on Wednesday and will be closely watched by Fed officials for potential pathways interest rates.
• Earnings take a bit of a breather this week, but notable names reporting have support and resistance levels highlighted below.
  • Simon Property Group ([SPG]) – Reports 8/10 – SPG has been a 5 for 5’er since April this year and capped off July’s trading reaching an all-time chart high at $236. August’s trading has seen the stock pullback to the middle of the 10-week trading band with support at $216 close by. Prior resistance at $204 may be seen as additional support, while the bullish support line sits at $184.
  • Super Micro Computer ([SMCI]) – Reports 8/11 – SMCI fell to a 2 for 5’er after shifting into a negative trend in early July. The stock has rebounded from those near-term lows back above $30. From here, a move above $33 would count as a second buy signal and match the middle of the 10-week trading band. Note resistance at $36 and the bearish resistance line at $42. Initial support lies in the mid $20s, while additional can be found around the $20 level, the stock’s 2026 chart lows.
  • Cisco Systems ([CSCO]) – Reports 8/12 – CSCO has been a 5 for 5’er since February this year. After reaching highs at $130 in early June, the stock pulled back through much of July before seeing the chart return to a buy signal at $122 during last week’s trading. Initial support lies at $108, while the next levels of support lie in the mid $80s to low $90s.
  • Applied Materials ([AMAT]) – Reports 8/13 – AMAT fell to a 4 for 5’er in early July after seeing the market RS chart reverse down into Os. After pulling back to the mid $400s in mid-July, AMAT has rebounded to return to a buy signal at $544. From here, a move above $560 would count as a second buy signal. Note resistance in the $576 to $584 range. Initial support lies at $512 and $496, while the July chart low sits at $40.

Click here to download MP3