Monday, June 16, 2025

NDX, SPX Recovers from Friday Selloff...Volatility Falls as Mega Caps Rise...Communication Services, Technology, Financial Led Sectors...


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SPX +56.14, 6,033, opened higher recovering from Friday’s selloff as advancers led decliners and sectors strength broadened.  

The DJI, 42,515 +0.75%, rose.  The NDX +1.42% rose in correlation with the broad market. 

Breadth strengthened on Monday.

TSLA +3.82, +1.17%, bounce continuation.

AVGO +3.40, +1.37%, bull flag bounce.


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


SPY up 5.68 at 602.68, 79.9 million shares, above average volume
VIX down 1.71 at 19.11,
QQQ up 7.33 at 534.29

GS, NKE, AXP, CSCO led the DJIA, 21 advancers, +18
EL, AMD, MGM, COIN led the SPX, 365 advancers,
AMD, WBD, ON, MRVL led the NDX, 79 advancers,

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

The SPY MFC green line is flat at 94 and is counter-trend defensive. -0.4

Eight of eleven sectors were higher on Monday led by XLC, XLK and XLF.

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

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

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


79 of 100 NDX stocks closed higher on Monday.

65 NDX stocks are above their 30 DMA: COST, CRWD, CTAS, MNST, NFLX, AXON, CDNS, IDXX, TTWO, CEG, INTU, ZS, ABNB, ADI, AMAT, ARM, AVGO, DDOG, KLAC, LRCX, MCHP, MDB, MSFT, SNPS, HON, NVDA, AMD, AMZN, ASML, CSCO, META, MU, ON, CSX, GEHC, TXN, MRVL, WBD, DASH, BIIB, FAST, GOOGL, LIN, AZN, GILD, PANW, SBUX, AMGN, CCEP, BKR, QCOM, NXPI, CSGP, CMCSA, FANG, PLTR, MDLZ, VRTX, TSLA, ADSK, ANSS, APP, BKNG, CTSH, EA, GFS, PEP, PYPL,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 9
ADSK, ANSS, APP, BKNG, CTSH, EA, GFS, PEP, PYPL,


Moving Below 30 DMA = 0



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