Monday, May 5, 2025

SPX, NDX Light Volume Pause Day to Start New Week...Communication Services, Industrial Lead Sectors...After-hours: PLTR -9% Lower...


© 2025


SPX -36.29, 5,650, opened lower, sold off for 15 minutes and then rallied 48 points over the next five hours.  During the last hour SPX sold off 30 points to form a pause day and a small spinning top candle.   The DJI, 41,218 -0.24%, and NDX +1.60% also closed higher. 

Breadth weakened on the exchanges and in the indexes. Net change declining capital was four times larger than net change advancing capital.

TSLA -6.95, -2.42%, closed lower.

After hour: PLTR -11.45, -9.25%, fell after an inline earnings report.

Monday session insight: Uptrend pullbacks on light volume are usually bullish.


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


SPY down 3.25 at 563.51, 38.6 million shares, below average volume
VIX up 0.96 at 23.64,
QQQ down 2.90 at 485.93

IBM, UNH, MCD, WMT led the DJIA, 13 advancers, -11
GDDY, EQT, DAL, NEM led the SPX, 184 advancers,
TTWO, TTD, EA, CHTR led the NDX, 40 advancers,

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

The SPY MFC green line is pointed up at 82.1 and is short-term bullish. +2.7

Two of eleven sectors were higher on Monday, led by XLC, XLI 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


40 of 100 NDX stocks closed higher on Monday.

78 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, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DASH, DDOG, DXCM, GOOGL, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, PANW, SNPS, TSLA, TTD, WDAY, CHTR, PYPL, VRTX, CDW, ADBE, AZN, HON, NVDA, PAYX, VRSK, XEL, ADP, AMD, CTSH, GFS, MDLZ, AMZN, APP, CSCO, META, MRVL, CSX, GEHC, LIN, MU, NXPI, PDD, REGN, ROP, TXN, LULU,

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


Moving Below 30 DMA = 3
ODFL, ON, ORLY,



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