Monday, November 3, 2025

NDX, SPX Rise, RUT, DJI Pause...Consumer Discretionary, Technology, Health Care Led Sectors...130+ SPX Earnings this Week...


© 2025


SPX +11.77, 6,851, closed above 6,800 for the sixth time.  Breadth weakened on Monday even as positive net change capital was greater that negative capital.  Government shutdown continued for the thirty fourth day.  Apparently, politicians continue to prioritize their political objectives over a fully functioning government.

The visual evidence indicates that the current intermediate trend is more probable to continue rising.  The four-week SPY trend is up.  The three- and six-month trends are up.  Dave

Earnings: There are more than 130 SPX earnings reports this week.
ADM APO BALL BR CDW ETN EXC EXPD GPN HSIC IT LDOS MAR MEL MPC NCLH PFE SWK TAP UBER WAT YUM ZTS report EPS before the open on TuesdayAES AFL AIG AIZ AMD AMGN ANET AXON CTVA ES IFF JKHY LYV MOS MTCH SMCI SWKS report after the close.

NDX +0.44%, bull flag pattern. 
DJI, 47,336, -0.48%, bull flag pull back, led by UNH, CAT and MMM.

NVDA +4.39, +2.17%, bull flag bounce.
AVGO -7.08, -1.92%, breakout test, bull flag pattern.
ORCL -4.76, -1.81%, remained below short and intermediate-term support.


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


SPY up +1.28 at 683.34, 57.1 million shares, below average volume.
VIX down -.27 at 17.17,
QQQ up +3.01 at 632.08

AMZN, NVDA, CSCO, BA led DJIA, 8 advancers, -6
IDXX, KVUE, INCY, EXE led SPX, 186 advancers,
IDXX, MU, AMZN, TEAM led NDX, 40 advancers.

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

The SPY MFC green line is pointed down at 84.7 and price-action is short-term bullish. -3.3

Five of eleven sectors were higher on Monday led by XLY, XLK and XLV. 

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

The 6-month intermediate trend breakout is up.  The ten-day trend is up.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendDown a little 


40 of 100 NDX stocks closed higher on Monday.

49 NDX stocks are above their 30 DMA: MU, INTC, PANW, ASML, LRCX, DDOG, WBD, ZS, CRWD, AMAT, MRVL, XEL, EA, AEP, VRTX, AMD, AMGN, ARM, GILD, AAPL, GOOGL, KLAC, ROST, ABNB, CSCO, ISRG, BIIB, MDB, QCOM, CTSH, TEAM, AVGO, CEG, MRVL, NVDA, PDD, PLTR, AMZN, AXON, REGN, MELI, TSLA, BKR, CSX, GFS, APP, FTNT, IDXX, INTU,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 2
IDXX, INTU,    


Moving Below 30 DMA = 7
AZN, CDW, KDP, ODFL, PCAR, TTWO, WDAY,


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