Monday, November 24, 2025

NDX, RUT, SPX, DJI Close Higher as VIX Drops...Technology, Consumer Discretionary, Utilities Led Sectors...AVGO +11%...


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SPX +102.13, 6,705, opened higher, white candle, closed above Friday’s bullish harami. Breadth remained positive on Monday with advancers and a significant increase net change positive capital. The SPX was a channel bounce, nearing the high range of both its October 10 and November 20 large red candles. 

NDX +2.62%, higher open, higher close, large white candle closed above Friday’s harami.
DJI, 46,448, +0.44%, opened higher, closed higher, led by GS, CAT and IBM.

NVDA +3.67, +2.05%, opened slightly higher, traded in a range, closed higher.
AVGO +37.76, +11.10%, opened higher, closed higher.


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


SPY up +9.70 at 668.73, 80.3 million shares, below average volume.
VIX down -2.91 at 20.52,
QQQ up +15.09 at 605.16

MRK, AMZN, IBM, GS led DJIA, 15 advancers, -10
AVGO, WDC, MU, APP, HOOD led SPX, 261 advancers,
AVGO, MRVL MU, APP led NDX, 67 advancers.

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

The SPY MFC green line turned up at 23, and price-action closed above the high of the bullish harami and is short-term bullish. +2.3   The bounce we were watching for happened on Monday.

Nine of eleven sectors were higher on Monday led by XLK, XLY and XLU. 

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

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


67 of 100 NDX stocks closed higher on Monday.

31 NDX stocks are above their 30 DMA: WBD, MRVL, AEP, AMGN, AAPL, GOOGL, ROST, CSCO, ISRG, BIIB, CTSH, REGN, IDXX, MAR, AZN, BKR, FANG, MNST, GILD, ORLY, GEHC, KDP, KHC, PCAR, VRTX, ADI, AMAT, AVGO, EA, GFS, MU,

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 6
ADI, AMAT, AVGO, EA, GFS, MU,


Moving Below 30 DMA = 3
CCEP, INTU, SBUX,



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