Tuesday, June 17, 2025

SPX, NDX Close Lower Giving Back Most of Monday's Gains...Mega Caps, Breadth Weaker and Volatility Rises...Energy Led Sectors...


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SPX -50.39, 5,982, opened lower and ultimately gave back about 90% of Monday’s gains as concerns of Israel / Iran conflict expanded. 

The DJI, 42,215 -0.70%, rose.  The NDX -1.00% traded lower in correlation with the concerns that the US is evaluating bombing Iran’s underground nuclear sites. 

Breadth weakened on Tuesday.

TSLA -12.78, -3.88%, bounce pause in grinder.

AVGO -2.73, -1.08%, bull flag bounce pause.

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

SPY down 5.15 at 597.53, 82.1 million shares, above average volume
VIX up 2.49 at 21.60,
QQQ down 5.21 at 529.08

CVX, V, IBM, UNH led the DJIA, 4 advancers, -17
JBL, VLO, CRWD, LMT led the SPX, 89 advancers,
CRWD, DDOG, PANW, ARM led the NDX, 14 advancers,

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

The SPY MFC green line is flat at 91 and is counter-trend defensive. -3.0

One of eleven sectors was higher on Tuesday led by XLE, XLRE 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 sideways.

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


14 of 100 NDX stocks closed higher on Tuesday.

50 NDX stocks are above their 30 DMA: COST, CRWD, MNST, NFLX, AXON, CDNS, IDXX, TTWO, CEG, INTU, ZS, ABNB, ADI, AMAT, ARM, AVGO, DDOG, KLAC, LRCX, MCHP, MDB, MSFT, SNPS, NVDA, AMD, AMZN, ASML, CSCO, META, MU, ON, CSX, TXN, MRVL, WBD, DASH, FAST, GOOGL, AZN, GILD, PANW, SBUX, AMGN, CCEP, BKR, QCOM, NXPI, CSGP, FANG, PLTR, ADSK, EA,

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 1
INTC,


Moving Below 30 DMA = 16
ANSS, APP, BIIB, BKNG, CMCSA, CTAS, CTSH, GEHC, GFS, HON, LIN, MDLZ, PEP, PYPL, TSLA, VRTX,



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