Friday, May 30, 2025

SPX, NDX Close Near Unchanged on Sharp Selloff and Rally...Utilities, Staples, Communication Services Lead Sectors...


© 2025


SPX -0.48, 5,912, opened slightly lower, traded in a range, sold off dramatically during Jamie Dimon's chat, rallied during the final three trading hours to close essentially unchanged. The SPX formed one day bull flag pattern.

The DJI, 42,270 +0.13%, closed higher.  The NDX -0.11% formed a dragonfly doji and a one-day bull flag pattern on the chart. 

Breadth was mixed on Friday.

Friday Session Insight: Live reports in our newsfeed of Jamie Dimon’s Fireside Chat at the Reagan National Economic Forum to put it nicely were grossly inadequate and did his presentation a disservice.  A valuable watch of his 35 minute conversation with Morgan Brennan.

TSLA -11.97, -3.34%, forming a new bull flag pattern.


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


SPY down .66 at 589.39, 90.6 million shares, above average volume
VIX down .61 at 18.57,
QQQ down .82 at 519.11

WMT, AMGN, VZ, UNH led the DJIA, 17 advancers,
ULTA, PLTR, ENPH, FMC led the SPX, 260 advancers,
ZS, PLTR, PANW, COST led the NDX, 53 advancers,

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

The SPY MFC green line is pointed up at 90.7 and is short-term bullish. +1.0

Eight of eleven sectors were higher on Friday led by XLU, XLP and XLC. 

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

The 6-month intermediate trend is sideways.  The ten-day trend is sideways.

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


53 of 100 NDX stocks closed higher on Friday.

73 NDX stocks are above their 30 DMA: COST, CRWD, CTAS, MNST, PLTR, MELI, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, INTU, ZS, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DDOG, DXCM, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, SNPS, TSLA, TTD, CHTR, PYPL, CDW, ADBE, HON, NVDA, PAYX, VRSK, ADP, AMD, CTSH, AMZN, APP, ASML, CSCO, META, MU, ON, CSX, GEHC, LULU, TXN, MRVL, ODFL, WBD, DASH, BIIB, FAST, GOOGL, PCAR, LIN, AZN, GILD, PANW, SBUX, AMGN, MDLZ, CCEP, BKR, CMCSA, ROP,

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2
CMCSA, ROP,


Moving Below 30 DMA = 5
FANG, GFS, NXPI, QCOM, REGN,



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Thursday, May 29, 2025

SPX, NDX Closed Higher, Giving Back Some Opening Gains...Sectors Move Lower...NVDA Positive EPS Reaction...

© 2025


This post was delayed due to a power outage.


SPX +23.62, 5,912, opened higher after an overnight rally following a positive NVDA earnings reaction and U.S. Trade Court ruling that voided reciprocal tariffs saying the administration had overstepped its executive authority.  The SPX sold off after the open, traded in a range, closed below its open and above its low and formed a black candle.

The DJI, 42,215 +0.28%, closed higher.  The NDX +0.21% was a second pause day after a bull flag bounce. 

Breadth strengthened on Thursday.

TSLA +1.53, +0.43%, black candle pause day in a bull flag  bounce.

NVDA +4.38, +3.25%, on a positive earnings reaction.


SPY up 2.32 at 590.05, 70.0 million shares, above average volume
VIX down .13 at 19.18,
QQQ up 1.02 at 519.93

NDSN, BIIB, FICO, EL led the SPX, 359 advancers,
BIIB, NVDA, GILD, REGN led the NDX, 51 advancers,

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

The SPY MFC green line turned up at 89.7 and is short-term bullish. +1.1

Ten of eleven sectors were lower, and one was unchanged on Thursday.  The least negative sectors were XLRE, XLE and XLU. 

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

The 6-month intermediate trend is sideways.  The ten-day trend is sideways.

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


51 of 100 NDX stocks closed higher on Thursday.

76 NDX stocks are above their 30 DMA: COST, CRWD, CTAS, MNST, PLTR, MELI, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, INTU, ZS, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DDOG, DXCM, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, SNPS, TSLA, TTD, CHTR, PYPL, CDW, ADBE, HON, NVDA, PAYX, VRSK, ADP, AMD, CTSH, GFS, AMZN, APP, ASML, CSCO, META, MU, NXPI, ON, CSX, GEHC, LULU, QCOM, TXN, MRVL, ODFL, WBD, DASH, BIIB, FAST, GOOGL, PCAR, LIN, REGN, AZN, GILD, PANW, SBUX, AMGN, MDLZ, CCEP, BKR, FANG,   

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
BKR, FANG,   

Moving Below 30 DMA = 3
CMCSA, FTNT, ROP,



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Wednesday, May 28, 2025

SPX, NDX Close Lower ahead of NVDA EPS...Sectors Move Lower...After-hours: NVDA, CRM Rally on Positive EPS Reaction...Trade Court Rules Against Reciprocal Tariffs...


© 2025


After the close a U.S. Trade Court voided reciprocal tariffs saying the administration had overstepped his executive authority.  Futures rallied more than 90 points after the news.


SPX -32.99, 5,888, opened flat after a very strong Tuesday, rallied for about 15 minutes before trending lower.  Fed minutes at 2 pm ET were a non-event, but the SPX had one final leg down ahead of NVDA and CRM earnings after the close.

After-hours: NVDA +6.59, +4.89% and CRM +3.65, +1.32% on positive earnings reactions. Semiconductor stocks also rallied.

The DJI, 42,098 -0.58%, closed lower.  The NDX -0.45% was a pause day after a bull flag bounce. 

Breadth weakened as decliners led on the exchanges and in the indexes.  Net change declining capital was higher than net change advancing capital.

Wednesday Session Insight: NVDA report today after the close.  We don’t know what the outcome will be beat or a miss.  If it is a miss other semiconductor short dated, 30 May, option trades could drop and not have time to recover.  Evaluate correlated short, dated positions to see if you are comfortable with the risk you have.  And yes, if the earnings reaction is positive your semiconductor positions should likely gain from the positive reaction.

TSLA -5.99, -1.65%, red candle pause day in a bull flag bounce.


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


SPY down 3.42 at 587.73, 65.5 million shares, average volume
VIX up .35 at 19.31,
QQQ down 2.31 at 518.91

UNH, BA, V, AAPL led the DJIA, 4 advancers, -24
FICO, WBD, GEV, HOLX led the SPX, 81 advancers,
WBD, APP, DXCM, AVGO led the NDX, 23 advancers,


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

The SPY MFC green line is pointed down at 88.6 and is counter-trend defensive. -1.3

Ten of eleven sectors were lower, and one was unchanged on Wednesday.  The least negative sectors were XLRE, XLC and XLK. 

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

The 6-month intermediate trend is sideways.  The ten-day trend is sideways.

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


23 of 100 NDX stocks closed higher on Wednesday.

77 NDX stocks are above their 30 DMA: COST, CRWD, CTAS, MNST, PLTR, MELI, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, INTU, ZS, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DDOG, DXCM, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, SNPS, TSLA, TTD, CHTR, PYPL, CDW, ADBE, HON, NVDA, PAYX, VRSK, ADP, AMD, CTSH, GFS, AMZN, APP, ASML, CSCO, META, MU, NXPI, ROP, ON, CSX, GEHC, LULU, QCOM, TXN, MRVL, ODFL, WBD, DASH, BIIB, CMCSA, FAST, FTNT, GOOGL, PCAR, LIN, REGN, AZN, GILD, PANW, SBUX, AMGN, MDLZ, CCEP,

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
CCEP,  


Moving Below 30 DMA = 4
BKR, CDNS, FANG, SNPS,



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Tuesday, May 27, 2025

SPX, NDX Closed Higher on Positive EU Trade and Tariff Developments...Consumer Discretionary, Technology, Industrial Lead all Sectors Higher...Mega Caps Stocks Rise...


© 2025


SPX +118.72, 5,921, futures rose Sunday and Monday night as the EU tariff deadline was extended to July 9 and the EU indicated they wanted to get a trade deal fast tracked and completed.  The SPX continued to trend up after the open on Tuesday. 

The DJI, 42,343 +1.78%, closed higher.  The NDX +2.39% was a bull flag bounce.

Breadth strengthened as advancers led on the exchanges and in the indexes.  Net change advancing capital was significantly higher than net change declining capital. 

Tuesday Session Insight: For the past six weeks AAPL +1.04% went up less than the market SPY +10.71%AAPL was significantly weaker than the market and the market still went up.  PLTR, TSLA, AVGO are among market leaders and AAPL is among market laggards.      

TSLA +23.55, +6.94%, large white candle in a bull flag bounce.


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



SPY up 12.04 at 591.15, 72.5 million shares, above average volume
VIX down 1.61 at 18.96,
QQQ up 11.98 at 521.22

NKE, NVDA, AXP, GS led the DJIA, 28 advancers, +18
HOLX, DECK, TSLA, RCL led the SPX, 468 advancers,
APP, TSLA, WBD, ARM led the NDX, 95 advancers,

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

The SPY MFC green line is pointed down at 89.9 and is counter-trend defensive. -0.9

All eleven sectors were higher on Tuesday, led by XLY, XLK and XLI. 

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

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

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


95 of 100 NDX stocks closed higher on Tuesday.

80 NDX stocks are above their 30 DMA: COST, CRWD, CTAS, MNST, PLTR, MELI, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, INTU, ZS, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DDOG, DXCM, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, SNPS, TSLA, TTD, CHTR, PYPL, CDW, ADBE, HON, NVDA, PAYX, VRSK, ADP, AMD, CTSH, GFS, AMZN, APP, ASML, CSCO, META, MU, NXPI, ROP, ON, CSX, GEHC, LULU, QCOM, TXN, MRVL, ODFL, WBD, DASH, BIIB, CMCSA, FAST, FTNT, GOOGL, PCAR, LIN, REGN, AZN, GILD, PANW, SBUX, AMGN, BKR, FANG, MDLZ,

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 4
AMGN, BKR, FANG, MDLZ,


Moving Below 30 DMA = 2
CCEP, PDD,



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Friday, May 23, 2025

SPX, NDX Opened and Closed Lower after EU Tariff Comment...Utilities, Consumer Staples, Energy Lead Sectors...Have a Wonderful Memorial Day 3-day Weekend...


© 2025


Markets are closed Monday for Memorial Day!  Reopen on Tuesday.


SPX -39.19, 5,802, opened 59 points lower after the President indicated, about two hours before the open, that a 50% tariff should be a charged to the EU beginning June 1.  Later he indicated that the EU, 27 countries, has been very difficult to negotiate with and that talks were not making progress.  The SPX rallied most of the selloff from Thursday’s close to Friday’s low but rolled over the last two hours of trading to close below its intraday high. 

The DJI, 41,603 -0.61%, was lower.  The NDX -0.93% weakest of the four major indexes on Friday. 

Breadth weakened as decliners led on the exchanges in the DJI, NDX and SPX indexes.  Net change declininging capital increased significantly.

Friday Session Insight: Technology glitches help to remind you of how good it feels when everything works glitch free.  We covered the process for evaluating a LCV and determining whether to adjust, close, scale out or roll the position.  

TSLA -1.70, -0.50%, formed a spinning top in a bull flag setup.


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

SPY down 3.98 at 579.11, 76.0 million shares, above average volume
VIX up 2.01 at 22.29,
QQQ down 4.76 at 509.24

CVX, KO, PG, VZ led the DJIA, 10 advancers, -5
INTU, ENPH, AES, STX led the SPX, 171 advancers,
INTU, DASH, CRWD, CEG led the NDX, 26 advancers,

Up:  
Down: IWM, DIA, SPY, QQQ,

The SPY MFC green line is pointed down at 90.8 and is counter-trend defensive. -3.7

Four of eleven sectors were higher on Friday, led by XLU, XLP and XLE. 

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

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

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


26 of 100 NDX stocks closed higher on Friday.

78 NDX stocks are above their 30 DMA: COST, CRWD, CTAS, MNST, PLTR, MELI, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, INTU, ZS, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DDOG, DXCM, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, SNPS, TSLA, TTD, CHTR, PYPL, CDW, ADBE, HON, NVDA, PAYX, VRSK, ADP, AMD, CTSH, GFS, AMZN, APP, ASML, CSCO, META, MU, NXPI, PDD, ROP, ON, CSX, GEHC, LULU, QCOM, TXN, MRVL, ODFL, WBD, DASH, BIIB, CMCSA, FAST, FTNT, GOOGL, PCAR, LIN, REGN, AZN, GILD, PANW, SBUX, CCEP,

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


Moving Below 30 DMA = 5
FANG, INTC, MSTR, ROST, WDAY,



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Thursday, May 22, 2025

SPX, NDX Trading Range on Thursday as Breadth Strengthens...Consumer Discretionary, Technology Leads Sectors...


© 2025


SPX -2.60, 5,842, opened flat, rose as many as 33 points, but traded up and down in a trading range on Thursday.

The DJI, 41,859 -0.00%, percentage was unchanged.  The NDX +0.15% moved slightly higher. 

Breadth strengthened as advancers increased 359% on the NYSE 167% on the Nasdaq exchanges.  Net change advancing capital increased significantly in the DJI, NDX and SPX indexes.

Thursday Session Insight: Technology glitches can help strengthen your resilience and patience.  After exiting a trade whether at a target, a profit protection stop, or a stop loss, immediately begin to look for re-entry according to your rules.   

TSLA +6.42, +1.92%, formed a piercing line candle in a bull flag setup.


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


SPY up .23 at 583.09, 70.4 million shares, average volume
VIX down .59 at 20.28,
QQQ up .96 at 514.00

NKE, MRK, AMZN, GS led the DJIA, 15 advancers, +14
COIN, STX, UAL, MRNA led the SPX, 188 advancers,
PDD, MRVL, PANW, CRWD led the NDX, 44 advancers,

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

The SPY MFC green line is pointed down at 94.5 and is counter-trend defensive. -2.3

Two of eleven sectors were higher on Thursday, led by XLY, XLK and XLI. 

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

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

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


44 of 100 NDX stocks closed higher on Thursday.

82 NDX stocks are above their 30 DMA: COST, CRWD, CTAS, MNST, PLTR, ROST, MSTR, MELI, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, INTU, ZS, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DDOG, DXCM, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, SNPS, TSLA, TTD, WDAY, CHTR, PYPL, CDW, ADBE, HON, NVDA, PAYX, VRSK, ADP, AMD, CTSH, GFS, AMZN, APP, ASML, CSCO, META, MU, NXPI, PDD, ROP, ON, CSX, GEHC, LULU, QCOM, TXN, INTC, MRVL, ODFL, WBD, DASH, FANG, BIIB, CMCSA, FAST, FTNT, GOOGL, PCAR, LIN, REGN, AZN, GILD, PANW, SBUX,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
PANW, SBUX,


Moving Below 30 DMA = 3
CCEP, CPRT, EA,



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Wednesday, May 21, 2025

SPX,NDX Closed Sharply Lower as Breadth Weakened...All Sectors Move Lower...


© 2025


SPX -95.85, 5,844, opened lower after PANW gapped down on earnings released Tuesday after the close, and trended higher until about 12:45 pm ET before the SPX turned sharply lower.  While reports suggest higher yields among the factors contributing to market weakness on Wednesday, the move lower correlates with reports that the US would keep China chip restrictions.     

The DJI, 41,860 -1.91%, fell with the broad market.  The NDX -1.34% also moved lower. 

Breadth weakened as decliners increased and led advancers on the exchanges and indexes.  Net change declining capital on the SPX and NDX was more than seven times greater than net change advancing capital.

Wednesday Insight: The Keeping Money Questions and profit protection stops are for days like Wednesday.   

TSLA -9.20, -2.68%, opened slightly higher, reversed and closed lower.


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

SPY down 9.99 at 582.86, 94.1 million shares, above average volume
VIX up 2.78 at 20.87,
QQQ down 7.23 at 513.04

KO led the DJIA, 1 advancers, -9
GOOGL, CME, CBOE, MSI led the SPX, 17 advancers,
GOOGL, MELI, CCEP, NFLX led the NDX, 6 advancers,

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

The SPY MFC green line turned down at 96.8 and is counter-trend defensive. -2.2

All eleven sectors were lower on Wednesday, down the least were XLC, XLP and XLB. 

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

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

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


6 of 100 NDX stocks closed higher on Wednesday.

83 NDX stocks are above their 30 DMA: CPRT, COST, CRWD, CTAS, MNST, PLTR, ROST, EA, MSTR, MELI, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, INTU, ZS, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DDOG, DXCM, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, SNPS, TSLA, TTD, WDAY, CHTR, PYPL, CDW, ADBE, HON, NVDA, PAYX, VRSK, ADP, AMD, CTSH, GFS, AMZN, APP, ASML, CSCO, META, MU, NXPI, PDD, ROP, ON, CSX, GEHC, LULU, QCOM, TXN, INTC, MRVL, ODFL, WBD, DASH, FANG, BIIB, CMCSA, FAST, FTNT, GOOGL, PCAR, LIN, REGN, AZN, CCEP, GILD,

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 0



Moving Below 30 DMA = 7
AAPL, BKR, ORLY, PANW, SBUX, TEAM, XEL,



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Tuesday, May 20, 2025

SPX, NDX Close Lower...Consumer Staples, Utilities, Health Care Led Sectors...


© 2025


SPX 23.14, 5,940, opened lower, traded in a range, closed lower and formed a doji above of Monday’s S-1 level.   

The DJI, 42,677 -0.27%, fell.  The NDX -0.37% opened lower, traded in a range and closed slightly lower. 

Breadth weakened as decliners led advancers on the exchanges and indexes.

Tuesday Session Insight: It’s a market of stocks, not just a stock market.  Find the underlying stock or ETF that you want to trade and trade the trend you see on its chart.  There are leading, coincident and lagging stocks.  Some stocks look better, some similar and some worse than the broad market chart.  Trade the chart of the stock you are trading.

TSLA +1.73, +0.51%, closed higher.


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


SPY down 2.00 at 592.85, 60.5 million shares, below average volume
VIX down .05 at 18.09,
QQQ down 1.74 at 520.27

UNH, BA, MRK, NKE led the DJIA, 10 advancers, -16
MRNA, DLTR, DG, HUM led the SPX, 171 advancers,
REGN, GILD, WBD, DASH led the NDX, 45 advancers,

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

The SPY MFC green line is flat at 99.0 and is short-term bullish. -0.0

Three of eleven sectors were higher on Tuesday, led by XLP, XLU and XLV. 

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

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

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


45 of 100 NDX stocks closed higher on Tuesday.

90 NDX stocks are above their 30 DMA: CPRT, COST, CRWD, CTAS, MNST, PLTR, ROST, EA, MSTR, MELI, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, INTU, ZS, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DDOG, DXCM, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, PANW, SNPS, TSLA, TTD, WDAY, CHTR, PYPL, CDW, ADBE, HON, NVDA, PAYX, VRSK, ADP, AMD, CTSH, GFS, AMZN, APP, ASML, CSCO, META, MU, NXPI, PDD, ROP, ON, CSX, GEHC, LULU, QCOM, TXN, INTC, MRVL, ODFL, WBD, DASH, FANG, AAPL, BIIB, CMCSA, FAST, FTNT, GOOGL, PCAR, SBUX, TEAM, BKR, LIN, REGN, XEL, AZN, CCEP, ORLY, GILD,

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 0



Moving Below 30 DMA = 0




Add Comments here:

Monday, May 19, 2025

SPX, NDX Open Lower after Moody's Downgrade of US Credit Rating, Close Slightly Higher...Health Care, Utilities, Industrial Lead Sectors...


© 2025


SPX +5.22, 5,963, opened 55 points lower, after Moody’s downgraded US credit rating on government debt from Aaa to Aa1 due to debt and deficit concerns after the close on Friday.  Within 8 minutes the SPX reversed and rose in a choppy uptrend, closing up slightly and formed a white candle.   

The DJI, 42,792 +0.32%, rose.  The NDX +0.09% opened lower, reversed and closed slightly higher. 



TSLA -7.89, -2.25%, closed lower.

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

SPY up .65 at 594.85, 68.0 million shares, below average volume
VIX up .90 at 18.14,
QQQ up .50 at 522.01

UNH, MRK, AMGN, MSFT led the DJIA, 26 advancers, +3
UNH, MRNA, DG, GEV, HUM led the SPX, 253 advancers,
GILD, TTWO, MSTR, BIIB led the NDX, 62 advancers,

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

The SPY MFC green line is flat at 99.0 and is short-term bullish. -0.1

Eight of eleven sectors were higher on Monday, led by XLV, XLU and XLI. 

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

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

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


62 of 100 NDX stocks closed higher on Monday.

90 NDX stocks are above their 30 DMA: CPRT, COST, CRWD, CTAS, MNST, PLTR, ROST, EA, MSTR, MELI, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, INTU, ZS, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DDOG, DXCM, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, PANW, SNPS, TSLA, TTD, WDAY, CHTR, PYPL, CDW, ADBE, HON, NVDA, PAYX, VRSK, ADP, AMD, CTSH, GFS, AMZN, APP, ASML, CSCO, META, MU, NXPI, PDD, ROP, ON, CSX, GEHC, LULU, QCOM, TXN, INTC, MRVL, ODFL, WBD, DASH, FANG, AAPL, BIIB, CMCSA, FAST, FTNT, GOOGL, PCAR, SBUX, TEAM, BKR, LIN, REGN, XEL, AZN, CCEP, ORLY, GILD,

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


Moving Below 30 DMA = 0



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