Monday, February 24, 2025

SPX, NDX Close Lower Led by PLTR, CEG, MRVL, NVDA...Health Care, Real Estate, Financial Lead Sectors...


© 2025


SPX -29.88, 5,983, opened higher but tech stocks rolled over.  Volatility increased, exchange advancers strengthened, but decliners led net change capital by four to one led by declines in PLTR, NVDA, TSLA, SMCI and AVGO.  

SMCI expected to filed 10-K tomorrow Feb 25 to meet Nasdaq extension.

The DJI, 43,461, +0.08%, closed higher.  NDX -1.21% close below short-term support.

TSLA -7.27, -2.15%, at support, formed small red candle, potential break of support setup.


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


SPY down 2.73 at 597.21, 50.7 million shares, above average volume
VIX up .77 at 18.98
QQQ down 6.21 at 519.87

NKE, TRV, DIS, AMGN led the DJIA, 17 advancers, +9
WBA, NKE, WST, EL, CRL led the SPX, 284 advancers,
TTD, WBD, LULU, IDXX led the NDX, 41 advancers

Up: DIA,
Down: SPY, IWM, QQQ,

The SPY MFC green line is pointed down at 82.6 and is counter-trend defensive. -8.0.

Six of eleven sectors were higher on Monday.

Uptrend sectorsXLC, XLF, XLK, XLU, XLI, XLY,
Neutral sectors: XLP, XLE, XLRE, XLV, XLB,
Down trend sectors:

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

3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market TrendDown


41 of 100 NDX stocks closed higher on Monday.

57 NDX stocks are above their 30 DMA:  CDW, GEHC, ISRG, AEP, EXC, PAYX, AMGN, MELI, PDD, ADP, AZN, LIN, SBUX, APP, CTAS, DASH, FTNT, GILD, ORLY, ROP, VRSK, VRTX, CTSH, NFLX, CCEP, COST, TMUS, CSCO, IDXX, LRCX, XEL, PANW, ABNB, BKNG, MDLZ, TTWO, ADBE, CHTR, INTC, KDP, AAPL, NXPI, FAST, MNST, WBD, ADI, DXCM, MCHP, CMCSA, CSGP, KHC, ON, TXN, PEP, REGN, EA, WDAY,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
WDAY,


Moving Below 30 DMA = 9
CRWD, GFS, KLAC, MDB, META, MU, NVDA, PLTR, TEAM,



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