Tuesday, June 24, 2025

SPX, NDX Closed Higher Near All-time Highs...Technology, Financial, Communication Services Led Sectors...


© 2025


SPX +67.01, 6,092, opened higher as oil continued to fall after Iran-Israel ceasefire news. 

The DJI, 43,089 +1.19%, moved above short-term resistance.  The NDX +1.53% closed higher. 

Breadth remained strong on Tuesday.

TSLA -8.21, -2.35%, pulled back after an 8% gain on Monday the day after it launched its RoboTaxi in Austin, Texas on Sunday.

AVGO +10.00, +3.94%, bull flag bounce continuation day.


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


SPY up 6.63 at 606.78, 67.7 million shares, below average volume
VIX down 2.35 at 17.48,
QQQ up 8.13 at 539.78

CRM, AXP, NVDA, GS led DJIA, 24 advancers, -2
COIN, ENPH, DXCM, UBER led SPX, 375 advancers,
DXCM, AMD, MRVL, INTC led NDX, 85 advancers,

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

The SPY MFC green line turned up at 86.7 and is short-term bullish. +0.6

Nine of eleven sectors were higher on Tuesday led by XLK, XLF and XLC.

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 TrendUp


85 of 100 NDX stocks closed higher on Tuesday.

67 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, PANW, SBUX, CCEP, QCOM, NXPI, CSGP, PLTR, EA, ADSK, KDP, MDLZ, AEP, FAST, FTNT, GFS, HON, PYPL, TSLA, VRTX, BKNG, BKR, CHTR, CMCSA, CTAS, DXCM, GEHC, LIN, MELI, MAR, PCAR, PDD, PEP, ROP,

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 14
BKNG, BKR, CHTR, CMCSA, CTAS, DXCM, GEHC, LIN, MELI, MAR, PCAR, PDD, PEP, ROP,  


Moving Below 30 DMA = 1
ORLY,



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