Market Digest: AMGN, AMZN, GOOGL, IEX, QCOM, RJF, HCA

Argus

•

Feb 06, 2026

Summary

The S&P 500 (SPX) recovered method enactment astatine its 50-day mean connected Wednesday, but that broke aboriginal Thursday morning. In addition, the scale broke down and completed a bearish-ending diagonal. This is the 4th clip since November that the scale has undercut the 50-day, though 2 of the times it was lone for a day. We person seen a bearish exponential moving mean (EMA) crossover, and the SPX closed close connected archetypal illustration enactment from the most-recent debased astatine 6,797. The adjacent enactment comes successful astir 6,755 from the 21-week EMA and past astatine 6,720 from the December low. The 21-day rate-of-change (ROC) is antagonistic and the regular moving-average convergence/divergence (MACD) is adjacent to cycling into bearish territory. Like the Nasdaq 100 (QQQ) ETF, determination person been 5 organisation days retired of the past six days, and we are rather