Thursday, June 26, 2025

SPX Near All-time High...NDX New All-time High...Energy, Industrials, Communication Services Led Sectors Higher...


© 2025


SPX +48.86, 6,141, opened higher and traded in an uptrend with four short duration pullbacks during the day. 

The DJI, 43,386 +0.94%, breakout through short-term resistance.  The NDX +0.94% all-time closing high. 

Breadth strengthened on Thursday.

TSLA -1.77, -0.54%, formed an inside day inverted hammer spinning top.

AVGO +5.52, +2.09%, a horizontal breakout.


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


SPY up 4.75 at 611.87, 77.7 million shares, above average volume
VIX down .17 at 16.59,
QQQ up 5.06 at 546.22

AMZN, CAT, GS, HON led DJIA, 21 advancers, +10
ENPH, FCX, SMCI, ALB, ANET led SPX, 373 advancers,
MRVL, ABNB, DASH, GEHC led NDX, 77 advancers,

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

The SPY MFC green line turned up at 91.7 and is short-term bullish. +2.9

Nine of eleven sectors were higher on Thursday led by XLE, XLI 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


77 of 100 NDX stocks closed higher on Thursday.

62 NDX stocks are above their 30 DMA: COST, CRWD, 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, MDLZ, FTNT, GFS, PYPL, BKNG, CMCSA, DXCM, GEHC, MELI, MAR, PCAR, ABNB, AEP, BKR, HON, LIN, SNPS,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 6
ABNB, AEP, BKR, HON, LIN, SNPS,


Moving Below 30 DMA = 2
PDD, VRTX,



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