NDX, SPX Close Higher...Communication Services, Consumer Discretionary, Financial Lead Sectors...Mega Caps Lift NDX...

 

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SPX +9.08, 5,776, opened slightly higher, traded in a range and formed doji.  The SPX has risen six of the past eight days and has risen 271 points from its low on March 13. 

Breadth weakened as exchange and index advancers decreased. Net change advancing capital led in both the NDX and SPX.   The VIX -0.33 fell to its lowest level in over a month.

The DJI, 42,587 +0.01%, opened modestly higher, traded in a range and closed slightly higher.  NDX +0.53% opened higher, trended up and formed a white candle.

TSLA +9.75, +3.50%, continued a five-day rally, closed above its 30 DMA on above average volume.

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

SPY up 1.38 at 575.46, 37.8 million shares, below average volume,

VIX down 0.33 at 17.15

QQQ up 2.80 at 493.46

DIS, AAPL, JPM, AMZN led the DJIA, 18 advancers, -5

IP, TSLA, FCX, FOXA, NFLX led the SPX, 216 advancers,

TTD, TSLA, CRWD, PANW, ZS led the NDX, 59 advancers

Up: QQQ, SPY, DIA,

Down: IWM,

The SPY MFC green line pointed up to 30.7 and is short-term bullish. +4.5.

Six of eleven sectors were higher on Tuesday, led by XLC, XLY and XLF. 

Uptrend sectors: XLC, XLF,

Neutral sectors: XLV, XLP, XLY, XLI, XLU, XLRE, XLE,

Down trend sectors: XLK, XLB,

The 6-month intermediate trend is sideways.  The ten-day trend is up.

3-month Intermediate Term Market Trend:  Down

3-day Short Term Market Trend:  Up

59 of 100 NDX stocks closed higher on Tuesday.

35 NDX stocks are above their 30 DMA: CDW, ISRG, VRTX, MDLZ, MNST, EA, KDP, PDD, INTC, CMCSA, CSGP, INTU, ORLY, FANG, AMD, MSTR, TTWO, WBD, ZS, CHTR, HON, CDNS, MELI, AXON, BKR, DASH, FAST, KLAC, NFLX, PLTR, CPRT, CRWD, PANW, ROP, TSLA,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 5

CPRT, CRWD, PANW, ROP, TSLA,  

Moving Below 30 DMA = 5

AMGN, ASML, BIIB, EXC, MU,

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NDX, SPX Close Higher as Breadth Strengthens...VIX Drops...Consumer Discretionary, Technology, Industrial Lead Sectors...TSLA Leads SPX, NDX...

© 2025

SPX +100.01, 5,767, opened higher, trended up and formed a large white candle.  The SPX has risen five of the last eight days and has risen 262 points from its low on March 13.

Breadth strengthened as exchange, index and mega cap advancers increased, net change advancing capital almost tripled, while VIX -1.80 fell to its lowest level in over a month.

The DJI, 42,583 +1.42%, opened higher and closed higher.  NDX +2.16% opened lower, reversed, formed a bullish engulfing candle.

TSLA +29.68, +11.93%, breakout 10-day resistance on above average volume.

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

SPY up 10.10 at 574.08, 58.7 million shares, near average volume,

VIX down 1.80 at 17.48

QQQ up 9.82 at 490.66

HD, AMZN, NVDA, AXP led the DJIA, 23 advancers, +9

TSLA, UAL, AMD, DECK led the SPX, 420 advancers,

TSLA, MSTR, APP, PLTR led the NDX, 89 advancers

Up: IWM, QQQ, SPY, DIA,

Down:

The SPY MFC green line pointed up to 26.2 and is short-term bullish. +2.2.

Ten of eleven sectors were higher on Monday, led by XLY, XLK and XLI. 

Uptrend sectors: XLC, XLF,

Neutral sectors: XLV, XLP, XLY, XLI, XLU, XLRE, XLE,

Down trend sectors: XLK, XLB,

The 6-month intermediate trend is sideways.  The ten-day trend is up.

3-month Intermediate Term Market Trend:  Down

3-day Short Term Market Trend:  Up

89 of 100 NDX stocks closed higher on Monday.

35 NDX stocks are above their 30 DMA: CDW, ISRG, EXC, AMGN, VRTX, MDLZ, MNST, EA, KDP, PDD, INTC, CMCSA, CSGP, INTU, ORLY, FANG, AMD, MSTR, TTWO, WBD, ZS, CHTR, HON, CDNS, MELI, ASML, AXON, BIIB, BKR, DASH, FAST, KLAC, MU, NFLX, PLTR,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 10

ASML, AXON, BIIB, BKR, DASH, FAST, KLAC, MU, NFLX, PLTR,

Moving Below 30 DMA = 2

AEP, CCEP,

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NDX, SPX Closed Higher, Communication Services, Consumer Discretionary, Technology Led Sectors...TSLA Leads NDX...

 

© 2025

SPX +4.67, 5,667, opened lower, traded in a choppy range of 67 SPX points and formed bullish engulfing candle.  The SPX had traded lower all day until a final rally during the last 30 minutes Friday lifted the index to a closing gain.

In my view the word “uncertainty” was used too much this week for its ambiguity to hide the cognitive dissonance or confusion of the person using the word, rather than using it to promote thoughtful discussion of the future which is unknown every day, week, month and year. 

We regularly use a quote attributed to Yogi Berra, “It’s difficult to make predictions, especially about the future.”  A super simple example was Friday.  Heathrow airport was closed due to a fire at a nearby electrical substation.  Nearly 1.000 flights were disrupted as planes had to land at alternate airports or return to the airport of origin. The SPX opened lower and traded in the red until the final half hour of the day.

Who told you on Thursday that Heathrow would be closed on Friday?  Who told you Friday morning with the SPX down 30 to 59 points that it would close up for the day?

No one.  Why?  Because the future is unknown, however it does deserve a thoughtful discussion.

Breadth was mixed as SPX advancers decreased, while NDX advancers increased.    VIX -.52 fell and mega cap advancers increased.  Net change advancing capital was higher.

The DJI, 41,985 +0.08%, opened lower, reversed and closed higher.  NDX +0.39% opened lower, reversed, formed a bullish engulfing candle.

TSLA +12.45, +5.27%, bounced to short-term resistance on above average volume.

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

SPY up .18 at 563.98, 83.7 million shares, above average volume, declared 1.696 dividend

VIX down .52 at 19.28

QQQ up 1.58 at 480.80

BA, AAPL, MSFT, JPM led the DJIA, 14 advancers, +1

SMCI, TSLA, PLTR, DLTR, ULTA led the SPX, 152 advancers,

TSLA, PLTR, ODFL, APP, ABNB, AAPL led the NDX, 46 advancers

Up: QQQ, DIA, SPY,

Down: IWM,

The SPY MFC green line pointed up to 24 and is short-term bullish. +0.4.

Three of eleven sectors were higher on Friday, led by XLC, XLY and XLK. 

Uptrend sectors: XLC, XLF,

Neutral sectors: XLV, XLP, XLY, XLI, XLU, XLRE, XLE,

Down trend sectors: XLK, XLB,

The 6-month intermediate trend is sideways.  The ten-day trend is down.

3-month Intermediate Term Market Trend:  Down

3-day Short Term Market Trend:  Sideways

46 of 100 NDX stocks closed higher on Friday.

27 NDX stocks are above their 30 DMA: CDW, ISRG, AEP, EXC, AMGN, VRTX, MDLZ, MNST, EA, KDP, PDD, INTC, CMCSA, CSGP, INTU, ORLY, CCEP, FANG, AMD, MSTR, TTWO, WBD, ZS, CHTR, HON, CDNS, MELI,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

CDNS, MELI,

Moving Below 30 DMA = 7

ASML, AZN, BIIB, BKR, FAST, MU, XEL,

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