RUT, NDX, DJI, SPX Move Higher...SPX Recovers 30% of Tuesday's Pullback...Financial, Health Care, Consumer Staples Led Sectors...AMGN, AMD Close Higher on Positive EPS Reactions...

© 2025

SPX +24.74, 6,796, closed just below 6,800.  Breadth strengthened on Wednesday as advancers and advancing capital increased.  Government shutdown continued for the thirty sixth day.  Apparently, politicians continue to prioritize their political objectives over a fully functioning government.  Is it commonly accepted that politicians decisions lead to the outcomes that they generate?

Wednesday’s rally recovers 30% of Tuesday’s pullback.  The visual evidence continues to indicate that the current intermediate trend is more probable to continue rising.  Remember an uptrend is a series of higher highs and higher lows.  To be an uptrend there must be a pullback to a higher low which appears to have occurred on Tuesday.  The four-week SPY trend is up.  The three- and six-month trends are up.  Dave

Earnings: There are more than 130 SPX earnings reports this week.

APD BDX CMI COP DD DDOG EPAM EVRG MRNA NRG PH PODD RL ROK TPR VST VTRS WBD report EPS before the open on Thursday.  ABNB AKAM CPT ED EOG EXPE GEN LNT MCHP MNST MTD NWSA SOLV TTD TTWO WYNN XYZ report after the close.

NDX +0.72%, bull flag pattern. 

DJI, 47,311, +0.48%, bull flag bounce, led by AMGN, CAT and MCD.

AMGN +23.16, +7.81%, a positive EPS reaction and AMD +6.28, +2.51%, EPS beat with initial negative reaction turned positive.

NVDA -3.48, -1.75%, bull flag pullback.

AVGO +7.04, +2.00%, re-breakout setup.

ORCL +2.14, +0.86%, remained below short and intermediate-term support, eight-week consolidation.

Mega caps TSLA, GOOGL, AVGO, META, AMZN, BRK/B, AAPL rose and TSM, MSFT, NVDA fell on Wednesday. 

SPY up +2.34 at 677.58, 73.5 million shares, slightly below average volume.

VIX down -0.99 at 18.01,

QQQ up +4.03 at 623.28

AMGN, CAT, MMM, MCD led DJIA, 14 advancers, +3

EXPD, HSIC, DD, YUM led SPX, 306 advancers,

MU, AMGN, MRVL, LRCX led NDX, 61 advancers.

Up: IWM, QQQ, DIA, SPY,

Down:

The SPY MFC green line is pointed down at 72.6 and price-action closed below Tuesday’s high and is defensive. -5.3

Nine of eleven sectors were higher on Wednesday led by XLF, XLV and XLP. 

Uptrend sectors: XLK, XLV, XLY, XLI, XLC, XLU, XLF, XLE,

Neutral sectors: XLB, XLRE,

Down trend sectors: XLP,

The 6-month intermediate trend breakout is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down a little 

61 of 100 NDX stocks closed higher on Wednesday.

46 NDX stocks are above their 30 DMA: MU, PANW, ASML, LRCX, WBD, ZS, CRWD, AMAT, MRVL, XEL, EA, AEP, VRTX, AMD, AMGN, GILD, AAPL, GOOGL, KLAC, ROST, CSCO, ISRG, BIIB, MDB, QCOM, CTSH, TEAM, AVGO, MRVL, NVDA, PDD, PLTR, AMZN, REGN, MELI, TSLA, FTNT, IDXX, COST, MAR, ODFL, GEHC, GFS, INTC, KDP, PCAR,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 5

GEHC, GFS, INTC, KDP, PCAR,     

Moving Below 30 DMA = 2

CSX, DDOG,

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SPX, NDX, DJI Higher High Pullback to Higher Low...Financial, Health Care, Consumer Staples Led Sectors...Afterhours: AMGN Up, AMD Down...

 

© 2025

SPX -80.42, 6,771, closed below 6,800.  Breadth weakened on Tuesday as negative capital soared.  Government shutdown continued for the thirty fifth day.  Apparently, politicians continue to prioritize their political objectives over a fully functioning government.  Today was “Use Your Common Sense Day.”

Notwithstanding today’s pullback, the visual evidence continues to indicate that the current intermediate trend is more probable to continue rising.  Remember an uptrend is a series of higher highs and higher lows.  To be an uptrend there must be a pullback to a higher low.  The four-week SPY trend is up.  The three- and six-month trends are up.  Dave

Earnings: There are more than 130 SPX earnings reports this week.

BG COR CRL EMR FIS HUM IRM JCI MCD PPL SRE TECH TRGP TRMB ZBH report EPS before the open on Wednesday.  AEE ALB ALL AMCR APA APP ATO CPAY DASH DVN FICO FTNT HOOD HST MCK MET PAYC PTC QCOM STE TKO TPL report after the close.

Afterhours: AMGN +5.95, +2.01%, positive EPS reaction AMD 11.85, -4.74%, EPS beat negative reaction.

NDX -2.07%, bull flag pattern. 

DJI, 47,085, -0.53%, bull flag pull back, led by CAT, NVDA and CRM.

NVDA -8.19, -3.96%, bull flag pullback.

AVGO -10.61, -2.93%, breakout test, bull flag pullback.

ORCL -9.68, -3.75%, remained below short and intermediate-term support, eight week consolidation.

Mega caps BRK/B, AAPL rose and MSFT, META, AMZN, GOOGL, AVGO, TSM, NVDA, TSLA fell on Tuesday. 

SPY down -8.10 at 675.24, 78.4 million shares, slightly above average volume.

VIX up +1.83 at 19.00,

QQQ down -12.83 at 619.25

TRV, MRK, HD, KO led DJIA, 11 advancers, +3

EXPD, HSIC, DD, YUM led SPX, 219 advancers,

MAR, ODFL, ORLY, VRSK led NDX, 29 advancers.

Up:  

Down: DIA, SPY, IWM, QQQ,

The SPY MFC green line is pointed down at 77.9 and price-action is defensive. -6.8

Four of eleven sectors were higher on Tuesday led by XLF, XLV and XLP. 

Uptrend sectors: XLK, XLU, XLV, XLI, XLC, XLY, XLF, XLE,

Neutral sectors: XLB, XLRE,

Down trend sectors: XLP,

The 6-month intermediate trend breakout is up.  The ten-day trend is up a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down a little 

29 of 100 NDX stocks closed higher on Tuesday.

43 NDX stocks are above their 30 DMA: MU, PANW, ASML, LRCX, DDOG, WBD, ZS, CRWD, AMAT, MRVL, XEL, EA, AEP, VRTX, AMD, AMGN, GILD, AAPL, GOOGL, KLAC, ROST, CSCO, ISRG, BIIB, MDB, QCOM, CTSH, TEAM, AVGO, MRVL, NVDA, PDD, PLTR, AMZN, REGN, MELI, TSLA, CSX, FTNT, IDXX, COST, MAR, ODFL,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 3

COST, MAR, ODFL,     

Moving Below 30 DMA = 9

ABNB, APP, ARM, AXON, BKR, CEG, GFS, INTC, INTU,

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NDX, SPX Rise, RUT, DJI Pause...Consumer Discretionary, Technology, Health Care Led Sectors...130+ SPX Earnings this Week...

© 2025

SPX +11.77, 6,851, closed above 6,800 for the sixth time.  Breadth weakened on Monday even as positive net change capital was greater that negative capital.  Government shutdown continued for the thirty fourth day.  Apparently, politicians continue to prioritize their political objectives over a fully functioning government.

The visual evidence indicates that the current intermediate trend is more probable to continue rising.  The four-week SPY trend is up.  The three- and six-month trends are up.  Dave

Earnings: There are more than 130 SPX earnings reports this week.

ADM APO BALL BR CDW ETN EXC EXPD GPN HSIC IT LDOS MAR MEL MPC NCLH PFE SWK TAP UBER WAT YUM ZTS report EPS before the open on Tuesday.  AES AFL AIG AIZ AMD AMGN ANET AXON CTVA ES IFF JKHY LYV MOS MTCH SMCI SWKS report after the close.

NDX +0.44%, bull flag pattern. 

DJI, 47,336, -0.48%, bull flag pull back, led by UNH, CAT and MMM.

NVDA +4.39, +2.17%, bull flag bounce.

AVGO -7.08, -1.92%, breakout test, bull flag pattern.

ORCL -4.76, -1.81%, remained below short and intermediate-term support.

Mega caps AMZN, TSLA, NVDA, TSM, GOOGL rose and MSFT, BRK/B, AAPL, META, AVGO fell on Monday. 

SPY up +1.28 at 683.34, 57.1 million shares, below average volume.

VIX down -.27 at 17.17,

QQQ up +3.01 at 632.08

AMZN, NVDA, CSCO, BA led DJIA, 8 advancers, -6

IDXX, KVUE, INCY, EXE led SPX, 186 advancers,

IDXX, MU, AMZN, TEAM led NDX, 40 advancers.

Up: QQQ, SPY,

Down: IWM, DIA,

The SPY MFC green line is pointed down at 84.7 and price-action is short-term bullish. -3.3

Five of eleven sectors were higher on Monday led by XLY, XLK and XLV. 

Uptrend sectors: XLK, XLU, XLV, XLI, XLC, XLY, XLF, XLE,

Neutral sectors: XLB, XLRE,

Down trend sectors: XLP,

The 6-month intermediate trend breakout is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down a little 

40 of 100 NDX stocks closed higher on Monday.

49 NDX stocks are above their 30 DMA: MU, INTC, PANW, ASML, LRCX, DDOG, WBD, ZS, CRWD, AMAT, MRVL, XEL, EA, AEP, VRTX, AMD, AMGN, ARM, GILD, AAPL, GOOGL, KLAC, ROST, ABNB, CSCO, ISRG, BIIB, MDB, QCOM, CTSH, TEAM, AVGO, CEG, MRVL, NVDA, PDD, PLTR, AMZN, AXON, REGN, MELI, TSLA, BKR, CSX, GFS, APP, FTNT, IDXX, INTU,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 2

IDXX, INTU,    

Moving Below 30 DMA = 7

AZN, CDW, KDP, ODFL, PCAR, TTWO, WDAY,

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