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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 sectors: XLI, 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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