NDX, RUT, SPX New All-time Closing High after AMD, OpenAI Announcement ...Technology, Utilities, Consumer Discretionary Led Sectors...

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SPX +24.49, 6,740, closed over 6,700 for the fourth time, made an all-time closing high after a collaboration deal was announced before the open between AMD and OpenAI that lifted semiconductor and technology stocks.  Breadth was mixed but strengthened on Monday.  Government shutdown continues for a sixth day.

All-time highs in NDX, RUT and SPX.  Dave

NDX +0.78%, re-breakout all-time closing high. 

DJI, 46,694, -0.14%, a pause day led by weakness in SHW, HD and MCD.

NVDA -2.08, +1.11%, breakout test, two-day bull flag.

AVGO -2.64, -0.91%, inverted hammer candle. 

ORCL +5.45, +1.90%, doji candle.

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

SPY up +2.40 at 671.61, 54.5 million shares, below average volume,

VIX down .0.28 at 16.37

QQQ up +4.53 at 607.71

CRM, MSFT, BA, CSCO led DJIA, 12 advancers, -9

AMD, TSLA, SMCI, ALB, HUM led SPX, 322 advancers,

AMD, TSLA, DASH, PLTR led NDX, 59 advancers.

Up: QQQ, IWM, SPY,

Down: DIA,

The SPY MFC green line is pointed up at 95.7, price action is short-term bullish. +1.5

Six of eleven sectors were higher on Monday led by XLK, XLU and XLY. 

Uptrend sectors: XLK, XLU, XLV, XLC, XLY, XLI, 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: Up a little

59 of 100 NDX stocks closed higher on Monday.

59 NDX stocks are above their 30 DMA: GOOGL, PDD, BKR, APP, AAPL, MNST, MU, INTC, PANW, QCOM, TSLA, TTWO, MDB, ADSK, AVGO, ASML, LRCX, DDOG, KLAC, DASH, WBD, ZS, MRVL, CRWD, CEG, PLTR, AMAT, FTNT, MELI, WDAY, MRVL, NVDA, CSX, FANG, XEL, ROST, CHTR, ADBE, EA, EXC, GFS, MSFT, PCAR, AEP, CSCO, EA, VRTX, AMD, BIIB, GEHC, AMGN, ARM, AZN, MSTR, REGN, MAR, MCHP, NXPI, PYPL, TTD,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

CDNS, GILD, ON,

Moving Below 30 DMA = 3

INTU, MDLZ, SBUX,

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DJI, RUT, SPX All-time Closing High...NDX Pause Day...Utilities, Health Care, Financials Led Sectors...

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SPX +0.44, 6,715, closed over 6,700 for the third time in three days, made an intra-day high of 6,750, barely made an all-time closing high after a mid-day selloff that correlated with Fed speakers Logan and Jefferson.  Breadth was mixed but strengthened on Friday.

Government shutdown continues for a third day.

An SPX and NDX pause day in a six-month in an uptrend.  Dave

NDX -0.43%, breakout test pullback day. 

DJI, 46,758, +0.51%, a new all-time closing high led by strength in GS, CAT and UNH.

Health Care, XLV +6.88% led all sectors this week by more than double the return.

NVDA -1.27, +0.67%, pullback test after Tuesday’s breakout.

AVGO +0.19, +0.06%, a black spinning top candle. 

ORCL -2.64, -0.91%, another spinning top candle.

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

SPY down .0.01 at 669.21, 70.4 million shares, average volume,

VIX up +.02 at 16.65

QQQ down -2.55 at 603.18

UNH, TRV, CAT, JNJ led DJIA, 21 advancers, +7

HUM, CNC, CI, EBAY led SPX, 322 advancers,

CHTR, FANG, BIIB, MU led NDX, 49 advancers.

Up: IWM, DIA,  

Down: SPY, QQQ,

The SPY MFC green line is pointed up at 94.2, price action is short-term bullish. +1.5

Eight of eleven sectors were higher on Friday led by XLU, XLV and XLF. 

Uptrend sectors: XLK, XLU, XLV, XLC, XLY, XLI, 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: Up a little

49 of 100 NDX stocks closed higher on Friday.

59 NDX stocks are above their 30 DMA: GOOGL, PDD, BKR, APP, AAPL, MNST, MU, INTC, PANW, QCOM, TSLA, TTWO, MDB, ADSK, AVGO, ASML, LRCX, DDOG, KLAC, DASH, WBD, ZS, MRVL, CRWD, CEG, PLTR, AMAT, FTNT, MELI, WDAY, MRVL, INTU, NVDA, CSX, FANG, XEL, ROST, CHTR, ADBE, EA, EXC, GFS, MSFT, PCAR, AEP, CSCO, EA, VRTX, AMD, BIIB, GEHC, AMGN, ARM, AZN, MSTR, REGN, MAR, MCHP, NXPI, PYPL, SBUX, TTD, MDLZ,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 1

MDLZ,

Moving Below 30 DMA = 1

ORLY, 

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NDX, DJI, SPX Closed at New all-time Closing High...Basic Materials, Technology, Industrials Led Sectors...

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SPX +4.15, 6,715, higher open trading range black candle, closed over 6,700 for the second time, inches to an all-time closing high.  Breadth weakened on Thursday.

Government shutdown continues for a second day.

A new all-time high in an uptrend.  Dave

NDX +0.37%, a new all-time closing high. 

DJI, 46,519, +0.17%, a new all-time closing high led by strength in CAT, UNH and CRM.

NVDA +1.65, +0.88%, spinning top on breakout continuation.

AVGO +4.79, +1.44%, a gap up black candle for a second close above the high of the low day on Tuesday. 

ORCL -0.23, -0.08%, a spinning top following Wednesday’s bullish engulfing candle.

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

SPY up +0.77 at 669.22, 56.5 million shares, below average volume,

VIX up +.34 at 16.63

QQQ up +2.48 at 605.73

CAT, MMM, BA, UNH led DJIA, 14 advancers, -1

FICO, COIN, XYZ, HOOD led SPX, 276 advancers,

MSTR, GFS, AMD, INTC led NDX, 66 advancers.

Up: IWM, QQQ, DIA, SPY,   

Down:

The SPY MFC green line is pointed up at 92.7, price action is short-term bullish. +4.7

Three of eleven sectors were higher on Thursday led by XLB, XLK and XLI. 

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

Neutral sectors: XLB, XLRE, XLP,

Down trend sectors:

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: Up

66 of 100 NDX stocks closed higher on Thursday.

59 NDX stocks are above their 30 DMA: GOOGL, PDD, BKR, APP, AAPL, MNST, MU, INTC, PANW, QCOM, TSLA, TTWO, MDB, ADSK, AVGO, ASML, LRCX, DDOG, KLAC, DASH, WBD, ZS, MRVL, CRWD, CEG, PLTR, AMAT, FTNT, MELI, WDAY, MRVL, INTU, NVDA, CSX, FANG, XEL, ROST, CHTR, ORLY, ADBE, EA, EXC, GFS, MSFT, PCAR, AEP, CSCO, EA, VRTX, AMD, BIIB, GEHC, AMGN, ARM, AZN, MSTR, REGN, MAR, MCHP, NXPI, PYPL, SBUX, TTD,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 6

MAR, MCHP, NXPI, PYPL, SBUX, TTD,

Moving Below 30 DMA = 3

CCEP, FAST, MDLZ,

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