Trading Range Tuesday as SPX, NDX Mixed...Energy, Materials, Technology Led Sectors...

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SPX -4.46, 6,225, opened higher, traded in a range closed near unchanged. 

NDX +0.07% formed an inside day, closed slightly higher.

DJI, 44,240 -0.37%, opened lower, traded in a range, closed lower, formed an inside day. 

Breadth strengthened on Tuesday.

TSLA +3.87, +1.32%, bounced above Monday’s gap down high.

AVGO -2.38, -0.87%, opened higher, closed lower on Tuesday. 

SPY down 0.34 at 620.34, 59 million shares, below average volume

VIX down 0.98 at 16.81,

QQQ up 0.31 at 552.34

Up: IWM, QQQ,

Down: SPY, DIA,

The SPY MFC green line is pointed down at 94.3 and is counter-trend defensive. -0.4

Four of eleven sectors were higher on Tuesday led by XLE, XLB, and XLK.

Uptrend sectors: XLK, XLC, XLI, XLY, XLU, XLF, XLB,

Neutral sectors: XLRE, XLP, XLE, XLV,

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: Sideways

60 of 100 NDX stocks closed higher on Tuesday.

80 NDX stocks are above their 30 DMA: CRWD, NFLX, AXON, IDXX, TTWO, CEG, INTU, ZS, ADI, AMAT, ARM, AVGO, DDOG, KLAC, LRCX, MCHP, MDB, MSFT, SNPS, NVDA, AMD, AMZN, ASML, CSCO, META, MU, ON, CSX, TXN, MRVL, WBD, DASH, PANW, SBUX, QCOM, NXPI, CSGP, EA, ADSK, MDLZ, GFS, PYPL, BKNG, CMCSA, GEHC, MAR, PCAR, ANSS, GOOGL, AEP, BKR, HON, SNPS, CDNS, CHTR, FAST, GILD, PEP, AAPL, CCEP, LIN, TMUS, ABNB, AMGN, BIIB, CTSH, KDP, ODFL, TEAM, TTD, VRTX, MSTR, REGN, FTNT, ORLY, PLTR, PDD, CDW, FANG, KHC

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 3

CDW, FANG, KHC,

Moving Below 30 DMA = 2

EXC, MELI,

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SPX, NDX Closed Lower...Energy Led Sectors as Breadth Weakened...

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SPX -49.37, 6,229, opened lower after the three-day holiday weekend. 

The NDX -0.79% closed below Thursday’s low.

The DJI, 44,406 -0.94%, pulled back and closed below Thursday’s low.   

Breadth weakened on Monday.

TSLA -21.41, -6.79%, gapped down after Musk said he would start a third political part in the US and traded in a range on Monday.

AVGO -1.00, -0.36%, opened flat and traded in a range on Monday.  

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

SPY down 4.66 at 620.68, 51 million shares, below average volume

VIX up.31 at 17.79,

QQQ down 4.19 at 552.03

TSCO, PLTR, DASH, UBER led SPX, 95 advancers,

PLTR, DASH, CEG, BKNG, PDD led NDX, 23 advancers,

Up:

Down: SPY, QQQ, DIA, IWM

The SPY MFC green line turned down at 96 and is counter-trend defensive. -1.5

One of eleven sectors was higher on Monday led by XLE and XLP.

Uptrend sectors: XLK, XLC, XLI, XLY, XLU, XLF, XLB,

Neutral sectors: XLRE, XLP, XLE, XLV,

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 a little

23 of 100 NDX stocks closed higher on Monday.

79 NDX stocks are above their 30 DMA: CRWD, NFLX, AXON, IDXX, TTWO, CEG, INTU, ZS, ADI, AMAT, ARM, AVGO, DDOG, KLAC, LRCX, MCHP, MDB, MSFT, SNPS, NVDA, AMD, AMZN, ASML, CSCO, META, MU, ON, CSX, TXN, MRVL, WBD, DASH, PANW, SBUX, QCOM, NXPI, CSGP, EA, ADSK, MDLZ, GFS, PYPL, BKNG, CMCSA, GEHC, MAR, PCAR, ANSS, GOOGL, AEP, BKR, HON, SNPS, CDNS, CHTR, FAST, GILD, PEP, AAPL, CCEP, LIN, TMUS, ABNB, AMGN, BIIB, CTSH, KDP, ODFL, TEAM, TTD, VRTX, MSTR, REGN, EXC, FTNT, MELI, ORLY, PLTR, PDD,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 1

PDD,

Moving Below 30 DMA = 4

CDW, ISRG, KHC, ROP,

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SPX, NDX All-time Closing High...Energy, Materials, Technology Led Sectors...Happy July 4th...May the Fourth Be With You...

© 2025

Markets are closed on Friday to celebrate July 4 Independence Day! 

Have a great and safe celebration.  We express gratitude for our Founding Fathers and all who have contributed to the preservation of the USA and its, as our Founding Fathers believed, God given unalienable rights of Life, Liberty, and the Pursuit of Happiness.

SPX +51.93, 6,279, opened higher after the Jobs Report was a better-than-expected 147K vs 110K est. and trended up making a new all-time closing high on Thursday. 

The NDX +0.99% closed at a new all-time closing high.

The DJI, 44,828 +0.77%, just short of its January 30 closing high.   

Breadth strengthened on Thursday.

TSLA -0.30, -0.10%, traded in a range.

AVGO +5.28, +1.96%, continued to rise after Tuesday’s breakout test, closing 47 cents short of Monday’s all-time high.  

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

SPY up 4.89 at 625.34, 51 million shares, below average volume

VIX down .26 at 16.38,

QQQ up 5.42 at 556.22

TRV, BA, CSCO, IBM led DJIA, 22 advancers, +9

FSLR, CDNS, SNPS, TPR led SPX, 349 advancers,

DDOG, CDNS, SNPS, ANSS led NDX, 77 advancers,

Up: QQQ, IWM, DIA, SPY

Down:

The SPY MFC green line is flat at 97.5 and is short-term bullish. -0.1

Seven of eleven sectors were higher on Thursday led by XLE, XLB and XLK.

Uptrend sectors: XLK, XLC, XLI, XLY, XLU, XLF, XLB,

Neutral sectors: XLRE, XLP, XLE, XLV,

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

77 of 100 NDX stocks closed higher on Thursday.

82 NDX stocks are above their 30 DMA: CRWD, NFLX, AXON, IDXX, TTWO, CEG, INTU, ZS, ADI, AMAT, ARM, AVGO, DDOG, KLAC, LRCX, MCHP, MDB, MSFT, SNPS, NVDA, AMD, AMZN, ASML, CSCO, META, MU, ON, CSX, TXN, MRVL, WBD, DASH, PANW, SBUX, QCOM, NXPI, CSGP, EA, ADSK, MDLZ, GFS, PYPL, BKNG, CMCSA, GEHC, MAR, PCAR, ANSS, GOOGL, AEP, BKR, HON, SNPS, CDNS, CHTR, FAST, GILD, PEP, AAPL, CCEP, CDW, ISRG, LIN, TMUS, ABNB, AMGN, BIIB, CTSH, KDP, KHC, ODFL, TEAM, TTD, VRTX, MSTR, REGN, EXC, FTNT, MELI, ORLY, PLTR, ROP,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 6

EXC, FTNT, MELI, ORLY, PLTR, ROP,

Moving Below 30 DMA = 1

FANG,

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