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...


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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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