SPX, NDX Recover from Lower Open after GDP Report...Health Care, Consumer Staples, Industrial Lead Sectors...After-hours:

© 2025

SPX +8.23, 5,569, opened lower after a lower-than-expected GDP report -0.03% vs. 0.2% consensus.  After 30 minutes of selling buyers took control and the SPX trended higher into the close.  The DJI, 40,669 +0.35%, and NDX +0.13% also closed slightly higher. 

Breadth weakened as decliners led advancers on the exchanges. Light volume selling was in control in the morning after the power outage news, however buying was clearly in control during the afternoon. Net change advancing capital was larger than net declining capital in both the SPX and NDX.

At 10 am ET the PCE Price Index was an inline M/M 0.0% vs 0.0% est., and Y/Y 2.3% vs. 2.2% est.

Wednesday session insight:  In technical analysis, the weight of the evidence usually outweighs the lack of evidence or opinions.  What you see on a chart (objective) has a higher probability of success than what you think (subjective) might happen.  Remember, the chart shows you the net result of what thousands of traders, including institutional investors, are doing.  What you think is what one individual person is thinking.  Be aware no one else in the market knows what you are thinking. 

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EPS Q1 on Thursday BMO: AME, APD, APTV, BAX, BDX, BIIB, BLDR, BR, CAH, CARR, CHD, CVS, D, DINO, DTE, EL, EXC, FTV, GWW, HII, HSY, HUBB, HWM, ICE, IDXX, IEX, IRM, K, KIM, KKR, LIN, LLY, MA, MCD, MRNA, PH, PNW, PWR,  SO, SW, TFX, TRGP report.  AMC: AAPL, ABNB, AEE, AES, AIG, AJG, AMGN, AMZN, CPT, DXCM, ED, EOG, ES, GDDY, HOLX, IR, JNPR, LYV, MHK, MNST, MSI, MTD, SYK.

184 total SPX companies report this week.

First day reaction: Q1

Positive: STX, TT, WDC, VMC, PPG, BKNG, MLM, MDLZ, EXR, GEHC, VLTO, YUM, ADP, ESS, FICO, V, HUM, EQR, GNRC, SBAC, CDNS, HON, ZBRA, AMT, LH, AOS, ECL, PFE, CINF, SPGI, XYL, HLT, PYPL, NUE, WELL, INCY, MO, CHTR, VRSN, DLR, ABBV, GOOGL, CL, RSG,  NOW, HAS, ALLE, RMD, URI, FTI, FCX, EW, TXN, LVS, LRCX, DFS, NEM, IPG, DOW, TXT, DOV, NDAQ, CMG, CNP, RJF, MRK, VRT, APH, BA, WAB, TSLA, STLD, BSX, COF, GEV, PM, TEL, ISRG, EFX, PNR, PHM, IVZ, MMM, DGX, GE, WRB, MCO, DHR, NTRS, SYF, GPC, ELV, NFLX, DHI, HBAN STT, KEY, CSX, ABT, PLD, CF, TRV, BAC, C, GS, FAST, JPM, BLK, MS, BK, DAL = 111

Neutral: CAT, REG, PPL, ITW, GLW, KO, MLM, KHC, RCL, WM, SYY, UPS, UHS, GM, FFIV, RVTY, DPZ, LYB, HIG, PSX, ROL, CMS, CBRE, AMP, BMY, LHX, FE, PCG, NEE, NSC, T, ODFL, EQT, TMO, PKG, MSCI, LMT, VZ, NVR, BX, RF, SCHW, KMI, TFC, AXP, FITB, UAL, PGR, PNC, JNJ, MTB, WFC, STZ = 53

Negative: SMCI, CSGP, EIX, GRMN, FSLR, NCLH, OKE, SBUX, IP, CZR, HES, BXP, PEG, SWK, ACGL, NXPI, REGN, BRO, ARE, TER, PCAR, ETR, ROP, ERIE, TMUS, AON, INTC, CNC, EMN, DOC, HCA, GILD, WY, PFG, SLB, FI, LKQ, TYL, POOL, IBM, WTW, MOH, PEP, PG, CMCSA, WST, TSCO, KDP, ORLY, UNP, XEL, VLO, ENPH, LII, OTIS, BKR, MAS, GD, TDY, AVY, CB, CME, NOC, RTX, HAL, KMB, UNH, SNA, MMC, JBHT, OMC, USB, KMX = 73

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TSLA -9.87, -3.38%, closed lower. 

After-hours: MSFT +27.40. +6.93%, META +29.40, +5.36% on positive earnings reactions.

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

SPY up .22 at 554.54, 93.1 million shares, average volume

VIX up .53 at 24.70,

QQQ down 0.06 at 475.47

VZ, MCD, SHW, WMT led the DJIA, 21 advancers, -4

STZ, TT, WDC, VMC led the SPX, 318 advancers,

REGN, BKNG, MDLZ, GEHC led the NDX, 66 advancers,

Up: DIA, SPY,

Down: QQQ, IWM,

The SPY MFC green line is turned up at 73.5 and is short-term bullish. +4.0

Eight of eleven sectors were higher on Wednesday, led by XLV, XLP and XLI. 

Uptrend sectors: 

Neutral sectors: XLP, XLU, XLRE, XLF, XLC,

Down trend sectors: XLY, XLV, XLE, XLI, XLK, XLB,

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

3-month Intermediate Term Market Trend:  Down

3-day Short Term Market Trend:  Up a little

66 of 100 NDX stocks closed higher on Wednesday.

70 NDX stocks are above their 30 DMA: EXC, CPRT, CCEP, COST, CRWD, CTAS, MNST, PLTR, ROST, EA, FAST, MSTR, AEP, MELI, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, FTNT, INTU, ZS, AAPL, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DASH, DDOG, DXCM, GOOGL, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, PANW, QCOM, SNPS, TEAM, TSLA, TTD, WDAY, CHTR, PYPL, VRTX, CDW, ADBE, AZN, HON, NVDA, ORLY, PAYX, VRSK, XEL, ADP, AMD, CTSH, GFS, KDP, LIN, MDLZ, ON, 

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 8

ADP, AMD, CTSH, GFS, KDP, LIN, MDLZ, ON,  

Moving Below 30 DMA = 4

AMZN, APP, CSGP, META,

Add Comments here:

SPX, NDX, DJI Close Higher as Rally Continues...Financial, Materials, Consumer Staples Lead Sectors...

© 2025

SPX +32.08, 5,560.  The DJI, 40,527 +0.75%, and NDX +0.61% continued to rally. 

PCE Price Index consensus forecast M/M 0.0%, Y/Y 2.2%, report at 10:00 am ET Wednesday.

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EPS Q1 on Wednesday BMO: ADP, CAT, GEHC, GNRC, GRMN, HES, HUM, IP, ITW, MLM, NCLH, PEG, PPL, SWK, TT, VMC, WDC, YUM report.  AMC: AFL, ALB, ALGN, ALL, AMCR, ANSS, AVB, AWK, CCI, CHRW, CTSH, EBAY, EG, EQIX, FMC, GL, HST, INVH, KLAC, MAA, MET, META, MGM, MSFT, PRU, PSA, PTC, QCOM, UDR, VICI, VTR.

184 total SPX companies report this week.

First day reaction: Q1

Positive: SBAC, CDNS, HON, ZBRA, AMT, LH, AOS, ECL, PFE, CINF, SPGI, XYL, HLT, PYPL, NUE, WELL, INCY, MO, CHTR, VRSN, DLR, ABBV, GOOGL, CL, RSG,  NOW, HAS, ALLE, RMD, URI, FTI, FCX, EW, TXN, LVS, LRCX, DFS, NEM, IPG, DOW, TXT, DOV, NDAQ, CMG, CNP, RJF, MRK, VRT, APH, BA, WAB, TSLA, STLD, BSX, COF, GEV, PM, TEL, ISRG, EFX, PNR, PHM, IVZ, MMM, DGX, GE, WRB, MCO, DHR, NTRS, SYF, GPC, ELV, NFLX, DHI, HBAN STT, KEY, CSX, ABT, PLD, CF, TRV, BAC, C, GS, FAST, JPM, BLK, MS, BK, DAL = 92

Neutral: GLW, KO, MLM, KHC, RCL, WM, SYY, UPS, UHS, GM, FFIV, RVTY, DPZ, LYB, HIG, PSX, ROL, CMS, CBRE, AMP, BMY, LHX, FE, PCG, NEE, NSC, T, ODFL, EQT, TMO, PKG, MSCI, LMT, VZ, NVR, BX, RF, SCHW, KMI, TFC, AXP, FITB, UAL, PGR, PNC, JNJ, MTB, WFC, STZ = 49

Negative: NXPI, REGN, BRO, ARE, TER, PCAR, ETR, ROP, ERIE, TMUS, AON, INTC, CNC, EMN, DOC, HCA, GILD, WY, PFG, SLB, FI, LKQ, TYL, POOL, IBM, WTW, MOH, PEP, PG, CMCSA, WST, TSCO, KDP, ORLY, UNP, XEL, VLO, ENPH, LII, OTIS, BKR, MAS, GD, TDY, AVY, CB, CME, NOC, RTX, HAL, KMB, UNH, SNA, MMC, JBHT, OMC, USB, KMX = 58

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TSLA +6.15, +2.15%, closed higher, its highest close since February 28. 

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

SPY up 3.47 at 554.32, 47.4 million shares, below average volume

VIX down 0.98 at 24.17,

QQQ up 3.12 at 475.53

HON, SHW, AMGN, MRK led the DJIA, 25 advancers, +4

SBAC, CDNS, HON, ZBRA led the SPX, 368 advancers,

CDNS, HON, SNPS MSTR, MELI, PANW led the NDX, 74 advancers,

Up: DIA, QQQ, SPY, IWM,

Down:

The SPY MFC green line is turned up at 69.5 and is short-term bullish. +5.7

Ten of eleven sectors were higher on Tuesday, led by XLF, XLB and XLP. 

Uptrend sectors: 

Neutral sectors: XLP, XLU, XLRE, XLF, XLC,

Down trend sectors: XLY, XLV, XLE, XLI, XLK, XLB,

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

3-month Intermediate Term Market Trend:  Down

3-day Short Term Market Trend:  Up 

74 of 100 NDX stocks closed higher on Tuesday.

66 NDX stocks are above their 30 DMA: EXC, CPRT, CCEP, COST, CRWD, CTAS, MNST, PLTR, ROST, EA, FAST, MSTR, AEP, MELI, NFLX, ADSK, AXON, BKNG, CDNS, CSGP, IDXX, TTWO, CEG, FTNT, INTU, ZS, AAPL, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DASH, DDOG, DXCM, GOOGL, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, PANW, QCOM, SNPS, TEAM, TSLA, TTD, WDAY, AMZN, APP, CHTR, PYPL, VRTX, CDW, ADBE, AZN, HON, META, NVDA, ORLY, PAYX, VRSK, XEL,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 9

ADBE, AZN, HON, META, NVDA, ORLY, PAYX, VRSK, XEL,  

Moving Below 30 DMA = 3

NXPI, ON, REGN,

Add Comments here: 

SPX, NDX Near Unchanged...Energy, Real Estate, Utilities Lead Sectors...Earnings Season Continues...

© 2025

SPX +3.54, 5,528, opened flat, rallied, after 15 minutes reversed and sold off rapidly when news hit the market about a massive power outage in Spain and Portugal, and then rallied the final two and a half hours of the day to close slightly higher.  The DJI, 40,227 +0.28%, and NDX -0.03% paused after a four day rally last week. 

Breadth strengthened as advancers increased on the exchanges and in the indexes. Light volume selling was in control in the morning after the power outage news, however buying was clearly in control during the afternoon. Net change advancing capital was larger than net declining capital in both the SPX and NDX.

PCE Price Index consensus forecast M/M 0.0%, Y/Y 2.2%, report at 10:00 am ET Wednesday.

Monday session insight: Light volume pullbacks are usually bullish.  You inhale and exhale every day, market price fluctuates, every day.  Welcome to trading and yes, please keep breathing, it's a good way to live.

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EPS Q1 on Tuesday BMO: AMT, AOS, ECL, ETR, GLW, GM, HLT, HON, INCY, KHC, KO, LH, MLM, MO, PCAR, PFE, PYPL, RCL, REGN, SHW, SPGI, SYY, UPS, XYL, ZBRA report.  AMC: ACGL, BKNG, BXP, CSGP, CZR, EIX, EQR, ESS, EXR, FICO, FSLR, MDLZ, OKE, PPG, REG, SBUX, SMCI, STX, V, VLTO.

184 total SPX companies report this week.

First day reaction: Q1

Positive: CHTR, VRSN, DLR, ABBV, GOOGL, CL, RSG,  NOW, HAS, ALLE, RMD, URI, FTI, FCX, EW, TXN, LVS, LRCX, DFS, NEM, IPG, DOW, TXT, DOV, NDAQ, CMG, CNP, RJF, MRK, VRT, APH, BA, WAB, TSLA, STLD, BSX, COF, GEV, PM, TEL, ISRG, EFX, PNR, PHM, IVZ, MMM, DGX, GE, WRB, MCO, DHR, NTRS, SYF, GPC, ELV, NFLX, DHI, HBAN STT, KEY, CSX, ABT, PLD, CF, TRV, BAC, C, GS, FAST, JPM, BLK, MS, BK, DAL = 74

Neutral: RVTY, DPZ, LYB, HIG, PSX, ROL, CMS, CBRE, AMP, BMY, LHX, FE, PCG, NEE, NSC, T, ODFL, EQT, TMO, PKG, MSCI, LMT, VZ, NVR, BX, RF, SCHW, KMI, TFC, AXP, FITB, UAL, PGR, PNC, JNJ, MTB, WFC, STZ = 38

Negative: ROP, ERIE, TMUS, AON, INTC, CNC, EMN, DOC, HCA, GILD, WY, PFG, SLB, FI, LKQ, TYL, POOL, IBM, WTW, MOH, PEP, PG, CMCSA, WST, TSCO, KDP, ORLY, UNP, XEL, VLO, ENPH, LII, OTIS, BKR, MAS, GD, TDY, AVY, CB, CME, NOC, RTX, HAL, KMB, UNH, SNA, MMC, JBHT, OMC, USB, KMX = 51

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TSLA +0.93, +0.33%, closed higher, its highest close since March 25. 

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

SPY up 0.21 at 550.85, 47.4 million shares, below average volume

VIX up .31 at 25.15,

QQQ down 0.15 at 472.41

BA, IBM, VZ, CVX led the DJIA, 21 advancers, +8

ABBV, CNC, GILD, WY, GPN led the SPX, 332 advancers,

GILD, APP, INTC, ZS led the NDX, 59 advancers,

Up: IWM, DIA, SPY,

Down: QQQ,

The SPY MFC green line is turned up at 63.8 and is short-term bullish. +7.9

Nine of eleven sectors were higher on Monday, led by XLE, XLRE and XLU. 

Uptrend sectors: 

Neutral sectors: XLP, XLU, XLRE, XLF, XLC,

Down trend sectors: XLY, XLV, XLE, XLI, XLK, XLB,

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

3-month Intermediate Term Market Trend:  Down

3-day Short Term Market Trend:  Up 

59 of 100 NDX stocks closed higher on Monday.

60 NDX stocks are above their 30 DMA: EXC, CPRT, CCEP, COST, CRWD, CTAS, MNST, PLTR, ROST, EA, FAST, MSTR, AEP, MELI, NFLX, ADSK, AXON, BKNG, CDNS, CSGP, IDXX, TTWO, CEG, FTNT, INTU, ZS, AAPL, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DASH, DDOG, DXCM, GOOGL, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, NXPI, ON, PANW, QCOM, SNPS, TEAM, TSLA, TTD, WDAY, AMZN, APP, CHTR, PYPL, VRTX, CDW, REGN,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 2

CDW, REGN,     

Moving Below 30 DMA = 2

ASML, NVDA,

Add Comments here:

SPX, NDX Close Higher...SPY, QQQ Reversal BO...Consumer Discretionary, Technology, Communication Services Lead Sectors...

© 2025

SPX +40.44, 5,525, opened flat, trended higher and made its highest close since April 2, after a better-than-expected Consumer Sentiment report.  The DJI, 40,113 +0.05%, and NDX +1.14% also closed higher for a fourth straight day. 

Breadth weakened as advancers decreased on the exchanges and in the indexes. Institutional buying, unwinding of hedges and falling volatility were visible in the technical again on Friday. Net advancing capital was significantly larger than net declining capital in the SPX and NDX.

CHTR +38.32, +11.43%, on EPS miss and revenue beat.

Friday session insight: Consumer Sentiment better than expected.

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EPS Q1 on Monday BMO: DPZ, ROP, RVTY report.  AMC: ARE, BRO, CDNS, CINF, FFIV, NUE, NXPI, SBAC, TER, UHS, WELL, WM.

184 total SPX companies report this week.

First day reaction: Q1

Positive: CHTR, VRSN, DLR, ABBV, GOOGL, CL, RSG,  NOW, HAS, ALLE, RMD, URI, FTI, FCX, EW, TXN, LVS, LRCX, DFS, NEM, IPG, DOW, TXT, DOV, NDAQ, CMG, CNP, RJF, MRK, VRT, APH, BA, WAB, TSLA, STLD, BSX, COF, GEV, PM, TEL, ISRG, EFX, PNR, PHM, IVZ, MMM, DGX, GE, WRB, MCO, DHR, NTRS, SYF, GPC, ELV, NFLX, DHI, HBAN STT, KEY, CSX, ABT, PLD, CF, TRV, BAC, C, GS, FAST, JPM, BLK, MS, BK, DAL = 74

Neutral: LYB, HIG, PSX, ROL, CMS, CBRE, AMP, BMY, LHX, FE, PCG, NEE, NSC, T, ODFL, EQT, TMO, PKG, MSCI, LMT, VZ, NVR, BX, RF, SCHW, KMI, TFC, AXP, FITB, UAL, PGR, PNC, JNJ, MTB, WFC, STZ = 36

Negative: ERIE, TMUS, AON, INTC, CNC, EMN, DOC, HCA, GILD, WY, PFG, SLB, FI, LKQ, TYL, POOL, IBM, WTW, MOH, PEP, PG, CMCSA, WST, TSCO, KDP, ORLY, UNP, XEL, VLO, ENPH, LII, OTIS, BKR, MAS, GD, TDY, AVY, CB, CME, NOC, RTX, HAL, KMB, UNH, SNA, MMC, JBHT, OMC, USB, KMX = 50

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TSLA +25.44, +9.80%, closed higher, its highest close since March 25. 

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

SPY up 3.95 at 550.64, 61.1 million shares, below average volume, reversal BO

VIX down 1.63 at 24.84,

QQQ up 5.21 at 472.56, reversal BO

NVDA, MRK, IBM, AMZN led the DJIA, 13 advancers, -11

CHTR, TSLA, VRSN, CZR, PLTR, CMG led the SPX, advancers,

CHTR, TSLA, MSTR, PLTR, APP led the NDX, 66 advancers,

Up: QQQ, SPY, IWM, DIA,

Down:

The SPY MFC green line is turned up at 55.9 and is short-term bullish. +5.5

Four of eleven sectors were higher on Friday, led by XLY, XLK and XLC. 

Uptrend sectors: 

Neutral sectors: XLP, XLU, XLRE, XLF, XLC,

Down trend sectors: XLY, XLV, XLE, XLI, XLK, XLB,

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

3-month Intermediate Term Market Trend:  Down

3-day Short Term Market Trend:  Up 

66 of 100 NDX stocks closed higher on Friday.

60 NDX stocks are above their 30 DMA: EXC, CPRT, CCEP, COST, CRWD, CTAS, MNST, PLTR, ROST, EA, FAST, MSTR, AEP, MELI, NFLX, ADSK, AXON, BKNG, CDNS, CSGP, IDXX, TTWO, CEG, FTNT, INTU, ZS, AAPL, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DASH, DDOG, DXCM, GOOGL, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, NXPI, ON, PANW, QCOM, SNPS, TEAM, TSLA, TTD, WDAY, AMZN, APP, ASML, CHTR, NVDA, PYPL, VRTX,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 7

AMZN, APP, ASML, CHTR, NVDA, PYPL, VRTX,    

Moving Below 30 DMA = 4

CDW, KDP, TMUS, XEL,

Add Comments here: 

SPX, NDX Close Higher on Institutional Buying...Mega Caps Gain...Technology, Industrial, Materials Lead Sectors...

 

© 2025

SPX +108.91, 5,484, opened higher and made its highest close since April 2, reportedly from optimism about quarterly earnings.  However, institutional buying, unwinding of hedges and falling volatility were visible in the technicals. The DJI, 40,093 +1.23%, and NDX +2.79% also closed higher for a third straight day. 

Breadth strengthened as advancers increased on the exchanges and in the indexes. Net advancing capital was larger than net declining capital in the SPX and NDX.

NOW +125.87, +15.49%, on earnings and revenue beat. 

Thursday session insight: Phebe Novakovic

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EPS Q1 on Friday BMO: ABBV, AON, CHTR, CL, CNC, HCA, LYB, PSX, SLB, report. 

120 total SPX companies report this week.

First day reaction: Q1

Positive: NOW, HAS, ALLE, RMD, URI, FTI, FCX, EW, TXN, LVS, LRCX, DFS, NEM, IPG, DOW, TXT, DOV, NDAQ, CMG, CNP, RJF, MRK, VRT, APH, BA, WAB, TSLA, STLD, BSX, COF, GEV, PM, TEL, ISRG, EFX, PNR, PHM, IVZ, MMM, DGX, GE, WRB, MCO, DHR, NTRS, SYF, GPC, ELV, NFLX, DHI, HBAN STT, KEY, CSX, ABT, PLD, CF, TRV, BAC, C, GS, FAST, JPM, BLK, MS, BK, DAL = 67

Neutral: ROL, CMS, CBRE, AMP, BMY, LHX, FE, PCG, NEE, NSC, T, ODFL, EQT, TMO, PKG, MSCI, LMT, VZ, NVR, BX, RF, SCHW, KMI, TFC, AXP, FITB, UAL, PGR, PNC, JNJ, MTB, WFC, STZ = 33

Negative: FI, LKQ, TYL, POOL, IBM, WTW, MOH, PEP, PG, CMCSA, WST, TSCO, KDP, ORLY, UNP, XEL, VLO, ENPH, LII, OTIS, BKR, MAS, GD, TDY, AVY, CB, CME, NOC, RTX, HAL, KMB, UNH, SNA, MMC, JBHT, OMC, USB, KMX = 38

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TSLA +8.77, +3.50%, closed higher. 

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

SPY up 11.27 at 546.59, 61.8 million shares, below average volume

VIX down 1.98 at 26.47,

QQQ up 12.79 at 467.35

CRM, AMZN, CAT, MSFT led the DJIA, 24 advancers, +6

NOW, HAS, MCHP, ALLE, RMD, URI led the SPX, 404 advancers,

MCHP, ON, TEAM, APP, CRWD led the NDX, 86 advancers,

Up: QQQ, SPY, IWM, DIA,

Down:

The SPY MFC green line is turned up at 50.4 and is short-term bullish. +5.2

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

Uptrend sectors: 

Neutral sectors: XLP, XLU, XLRE, XLF, XLC,

Down trend sectors: XLY, XLV, XLE, XLI, XLK, XLB,

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

3-month Intermediate Term Market Trend:  Down

3-day Short Term Market Trend:  Sideways 

86 of 100 NDX stocks closed higher on Thursday.

57 NDX stocks are above their 30 DMA: EXC, CPRT, CCEP, COST, CRWD, CTAS, KDP, MNST, PLTR, ROST, EA, FAST, MSTR, AEP, MELI, NFLX, ADSK, AXON, BKNG, CDNS, CSGP, IDXX, TTWO, XEL, CEG, FTNT, INTU, TMUS, ZS, AAPL, ABNB, ADI, AMAT, ANSS, ARM, AVGO, CDW, DASH, DDOG, DXCM, GOOGL, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, NXPI, ON, PANW, QCOM, SNPS, TEAM, TSLA, TTD, WDAY,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 28

AAPL, ABNB, ADI, AMAT, ANSS, ARM, AVGO, CDW, DASH, DDOG, DXCM, GOOGL, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, NXPI, ON, PANW, QCOM, SNPS, TEAM, TSLA, TTD, WDAY,   

Moving Below 30 DMA = 3

KHC, MDLZ, ORLY,

Add Comments here:

SPX, NDX Rise for Second Day as Buyers More Focused...Growth Sectors: Technology, Consumer Discretionary, Communication Services Lead Sectors...After-Hours: NOW Higher on Earnings Reaction...

© 2025

SPX +88.10, 5,375, opened higher, closed higher for a second day as perceptions improved and negative tariff suppositions subsided.    

Breadth weakened and remained positive.  Net advancing capital today was greater than net advancing capital on Tuesday in both the NDX and SPX, suggesting institution continued to buy stocks in a more focused group of stocks than on Tuesday. 

The DJI, 39,606 +1.07%, rose over 400 points.  NDX +2.28% closed higher.  Closed higher for a second straight day.

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EPS Q1 on Thursday BMO: ALLE, AMP, BMY, CBRE, CMCSA, CMS, CNP, DOV, DOW, FCX, FI, FTI, HAS, IPG, KDP, LHX, LKQ, MRK, NDAQ, PCG, PEP, PG, POOL, TSCO, TXT, UNP, VLO, WST, WTW, XEL report.  AMC: DLR, DOC, EMN, ERIE, GILD, GOOGL, HIG, INTC, PFG, RSG, TMUS, VRSN, WY report.

120 total SPX companies report this week.

First day reaction: Q1

Positive: VRT, APH, BA, WAB, TSLA, STLD, BSX, COF, GEV, PM, TEL, ISRG, EFX, PNR, PHM, IVZ, MMM, DGX, GE, WRB, MCO, DHR, NTRS, SYF, GPC, ELV, NFLX, DHI, HBAN STT, KEY, CSX, ABT, PLD, CF, TRV, BAC, C, GS, FAST, JPM, BLK, MS, BK, DAL = 45

Neutral: NEE, NSC, T, ODFL, EQT, TMO, PKG, MSCI, LMT, VZ, NVR, BX, RF, SCHW, KMI, TFC, AXP, FITB, UAL, PGR, PNC, JNJ, MTB, WFC, STZ = 25

Negative: ENPH, LII, OTIS, BKR, MAS, GD, TDY, AVY, CB, CME, NOC, RTX, HAL, KMB, UNH, SNA, MMC, JBHT, OMC, USB, KMX = 21

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TSLA +12.77, +5.37%, earnings reaction, opened higher, traded in a range, closed higher.  

After-hours: NOW +84.30, +10.37%.

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

SPY up 8.17 at 535.42, 90.5 million shares, average volume

VIX down 2.12 at 28.45,

QQQ up 10.08 at 454.56

BA, CRM, AMZN, NVDA, AXP led the DJIA, 18 advancers, -12

NOW, APH, SMCI, VST, DELL led the SPX, 358 advancers,

TXN, TEAM, LRCX, MDB, PLTR led the NDX, 79 advancers,

Up: QQQ, SPY, IWM, DIA,

Down:

The SPY MFC green line is turned up at 45.2 and is short-term bullish. +0.5

Nine of eleven sectors were higher on Wednesday, led by XLK, XLY and XLC, growth sectors lead. 

Uptrend sectors: 

Neutral sectors: XLP, XLU, XLRE, XLF, XLC,

Down trend sectors: XLY, XLV, XLE, XLI, XLK, XLB,

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

3-month Intermediate Term Market Trend:  Down

3-day Short Term Market Trend:  Up 

79 of 100 NDX stocks closed higher on Wednesday.

32 NDX stocks are above their 30 DMA: EXC, CPRT, CCEP, COST, CRWD, CTAS, KDP, MDLZ, MNST, PLTR, ROST, EA, FAST, MSTR, AEP, MELI, NFLX, KHC, ADSK, AXON, BKNG, CDNS, CSGP, IDXX, ORLY, TTWO, XEL, CEG, FTNT, INTU, TMUS, ZS,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 5

CEG, FTNT, INTU, TMUS, ZS,

Moving Below 30 DMA = 2

LIN, VRSK,

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SPX, NDX Reverse Monday Selloff Close Higher...Financial, Consumer Discretionary, Utilities Led All Sectors Higher...After-hours: TSLA Positive EPS Reaction...

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SPX +129.56, 5,287, opened higher, trended up, closed higher and reversed Monday’s selloff as reports suggest tariff fears were subsiding.    

Breadth strengthened significantly as all 30 Dow, 100 NDX and 492 SP500 components advanced on Tuesday.  Net advancing capital today was greater than net declining capital on Monday in both the NDX and SPX. 

The DJI, 39,186 +2.66%, rose over 1,000 points.  NDX +2.63% closed higher.

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EPS Q1 on Wednesday BMO: APH, AVY, BA, BSX, CME, GD, GEV, LII, MAS, NEE NSC, ODFL, ODFL, OTIS, PM, T, TDY, TEL, TMO, WAB report.  AMC: CMG, DFS, EW, FE, IBM, LRCX, LVS, MOH, NEM, NOW, ORLY, RJF, RMD, ROL, TXN, TYL, URI report.

120 total SPX companies report this week.

First day reaction: Q1

Positive: EFX, PNR, PHM, IVZ, MMM, DGX, GE, WRB, MCO, DHR, NTRS, SYF, GPC, ELV, NFLX, DHI, HBAN STT, KEY, CSX, ABT, PLD, CF, TRV, BAC, C, GS, FAST, JPM, BLK, MS, BK, DAL = 33

Neutral: MSCI, LMT, VZ, NVR, BX, RF, SCHW, KMI, TFC, AXP, FITB, UAL, PGR, PNC, JNJ, MTB, WFC, STZ = 18

Negative: NOC, RTX, HAL, KMB, UNH, SNA, MMC, JBHT, OMC, USB, KMX = 11

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TSLA +13.87, +5.75%, opened higher, closed higher. Earnings on Tuesday April 22, AMC.  After-hours +12.83, +5.39%.

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

SPY up 13.37 at 527.25, 74.7 million shares, below average volume

VIX down 3.25 at 30.57,

QQQ up 11.37 at 444.48

MMM, TRV, AXP, GS led the DJIA, 30 advancers, +29

EFX, FSLR, PNR, PHM led the SPX, 492 advancers,

MSTR, NFLX, MU, TSLA led the NDX, 100 advancers,

Up: QQQ, IWM, SPY, DIA,

Down:

The SPY MFC green line is essentially flat at 44.7 and is short-term bearish. -0.3

All eleven sectors were higher on Tuesday, led by XLF, XLY and XLU. 

Uptrend sectors: 

Neutral sectors: XLP, XLU, XLC, XLF,

Down trend sectors: XLY, XLV, XLRE, XLE, XLI, XLK, XLB,

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

3-month Intermediate Term Market Trend:  Down

3-day Short Term Market Trend:  Sideways 

100 of 100 NDX stocks closed higher on Tuesday.

29 NDX stocks are above their 30 DMA: EXC, CPRT, CCEP, COST, CRWD, CTAS, KDP, MDLZ, MNST, PLTR, ROST, EA, FAST, MSTR, AEP, MELI, NFLX, KHC, ADSK, AXON, BKNG, CDNS, CSGP, IDXX, LIN, ORLY, TTWO, VRSK, XEL,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 11

ADSK, AXON, BKNG, CDNS, CSGP, IDXX, LIN, ORLY, TTWO, VRSK, XEL,

Moving Below 30 DMA = 0

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