SPX, NDX All-time Closing High...Energy, Materials, Technology Led Sectors...Happy July 4th...May the Fourth Be With You...

© 2025

Markets are closed on Friday to celebrate July 4 Independence Day! 

Have a great and safe celebration.  We express gratitude for our Founding Fathers and all who have contributed to the preservation of the USA and its, as our Founding Fathers believed, God given unalienable rights of Life, Liberty, and the Pursuit of Happiness.

SPX +51.93, 6,279, opened higher after the Jobs Report was a better-than-expected 147K vs 110K est. and trended up making a new all-time closing high on Thursday. 

The NDX +0.99% closed at a new all-time closing high.

The DJI, 44,828 +0.77%, just short of its January 30 closing high.   

Breadth strengthened on Thursday.

TSLA -0.30, -0.10%, traded in a range.

AVGO +5.28, +1.96%, continued to rise after Tuesday’s breakout test, closing 47 cents short of Monday’s all-time high.  

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

SPY up 4.89 at 625.34, 51 million shares, below average volume

VIX down .26 at 16.38,

QQQ up 5.42 at 556.22

TRV, BA, CSCO, IBM led DJIA, 22 advancers, +9

FSLR, CDNS, SNPS, TPR led SPX, 349 advancers,

DDOG, CDNS, SNPS, ANSS led NDX, 77 advancers,

Up: QQQ, IWM, DIA, SPY

Down:

The SPY MFC green line is flat at 97.5 and is short-term bullish. -0.1

Seven of eleven sectors were higher on Thursday led by XLE, XLB and XLK.

Uptrend sectors: XLK, XLC, XLI, XLY, XLU, XLF, XLB,

Neutral sectors: XLRE, XLP, XLE, XLV,

Down trend sectors:

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 Trend: Up

77 of 100 NDX stocks closed higher on Thursday.

84 NDX stocks are above their 30 DMA: CRWD, NFLX, AXON, IDXX, TTWO, CEG, INTU, ZS, 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, QCOM, NXPI, CSGP, EA, ADSK, MDLZ, GFS, PYPL, BKNG, CMCSA, GEHC, MAR, PCAR, ANSS, GOOGL, AEP, BKR, HON, SNPS, CDNS, CHTR, FAST, GILD, PEP, AAPL, CCEP, CDW, ISRG, LIN, TMUS, ABNB, AMGN, BIIB, CTSH, KDP, KHC, ODFL, TEAM, TTD, VRTX, MSTR, REGN, EXC, FTNT, MELI, ORLY, PLTR, ROP,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 6

EXC, FTNT, MELI, ORLY, PLTR, ROP,

Moving Below 30 DMA = 1

FANG,

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SPX All-time Closing High...NDX Recovered Most of Tuesday's Selloff...Energy, Materials, Technology Led Sectors...1 pm ET Early Close on Thursday...Happy Independence Day on Friday...

© 2025

Remember the NYSE closes early at 1 pm ET Thursday and trading is closed on Friday to celebrate July 4 Independence Day!

Jobs Report will be released Thursday morning at 8:30 am ET.

SPX +29.41, 6,227, opened flat and trended up making a new all-time closing high on Wednesday.

The NDX +0.73% closed above Tuesday’s high, bounced in a one-day bull flag pattern which recovered all but 38 points of Tuesday’s selloff.

The DJI, 44,484 -0.02%, paused on Wednesday just short of its January 30 closing high.    

Breadth was mixed but remained positive on Wednesday.

TSLA +14.94, +4.97%, gapped up and formed a hammer candle.

AVGO +5.16, +1.95%, bounced at support on a breakout test formed a piercing line candle.

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

SPY up 2.80 at 620.45, 66.4 million shares, below average volume

VIX down .19 at 16.64,

QQQ up 3.81 at 550.80

NKE, NVDA, AMGN, AAPL led DJIA, 13 advancers, -9

ALB, MRNA, ORCL, COIN led SPX, 285 advancers,

DDOG, MSTR, TSLA, NXPI led NDX, 53 advancers,

Up: IWM, QQQ, SPY

Down: DIA,

The SPY MFC green line is pointed up at 97.6 and is short-term bullish. +0.8

Seven of eleven sectors were higher on Wednesday led by XLE, XLB and XLK.

Uptrend sectors: XLK, XLC, XLI, XLY, XLU, XLF, XLB,

Neutral sectors: XLRE, XLP, XLE, XLV,

Down trend sectors:

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 Trend: Up

53 of 100 NDX stocks closed higher on Wednesday.

79 NDX stocks are above their 30 DMA: CRWD, NFLX, AXON, IDXX, TTWO, CEG, INTU, ZS, 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, QCOM, NXPI, CSGP, EA, ADSK, MDLZ, GFS, PYPL, BKNG, CMCSA, GEHC, MAR, PCAR, ANSS, GOOGL, AEP, BKR, HON, SNPS, CDNS, CHTR, FAST, GILD, PEP, AAPL, CCEP, CDW, ISRG, LIN, TMUS, ABNB, AMGN, BIIB, CTSH, KDP, KHC, ODFL, TEAM, TTD, VRTX, FANG, MSTR, REGN,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 3

FANG, MSTR, REGN,

Moving Below 30 DMA = 7

CTAS, EXC, MNST, ORLY, PDD, ROP, VRSK, XEL,

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RUT, DJI Rise, SPX Pauses, NDX Falls on Tuesday...Materials, Health Care, Consumer Staples Led Sectors, Buying Rotation on Tuesday...

© 2025

SPX -6.94, 6,198, traded in a range as an inside day and formed a spinning top after hitting an all-time closing high on Monday.  Tuesday was an atypical trading day, with noticeable buying rotation into Material, Health Care and Staples sectors and selling in Technology and Communication Services sectors.

The DJI, 44,494 +0.91%, rose on Tuesday nearing January 30 closing high.  The NDX -0.89% pulled back from its all-time closing high, forming a one-day bull flag pattern. 

Breadth was mixed but positive on Tuesday.

TSLA -16.95, -5.34%, gapped down and formed a spinning top.

AVGO -10.91, -3.96%, pulled back to previous resistance for a breakout test.

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

SPY down .20 at 617.65, 69.9 million shares, below average volume

VIX up 0.10 at 16.83,

QQQ down 4.65 at 546.99

UNH, AMGN, SHW, MRK led DJIA, 22 advancers, -0

LVS, WYNN, BLDR, PKG, MGM led SPX, 378 advancers, +28

AMGN, ODFL, SBUX, BIIB led NDX, 63 advancers, -13

Up: IWM, DIA,

Down: SPY, QQQ,

The SPY MFC green line is flat at 96.8 and is short-term bullish. -0.2

Nine of eleven sectors were higher on Monday led by XLB, XLV and XLP.

Uptrend sectors: XLK, XLC, XLI, XLY, XLU, XLF, XLB,

Neutral sectors: XLRE, XLP, XLE, XLV,

Down trend sectors:

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 Trend: Up

63 of 100 NDX stocks closed higher on Tuesday.

83 NDX stocks are above their 30 DMA: CRWD, NFLX, AXON, IDXX, TTWO, CEG, INTU, ZS, 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, QCOM, NXPI, CSGP, EA, ADSK, MDLZ, GFS, PYPL, BKNG, CMCSA, GEHC, MAR, PCAR, ANSS, GOOGL, AEP, BKR, HON, SNPS, CDNS, CHTR, FAST, GILD, PEP, AAPL, CCEP, CDW, EXC, ISRG, LIN, TMUS, ABNB, AMGN, BIIB, CTAS, CTSH, KDP, KHC, MNST, ODFL, ORLY, PDD, ROP, TEAM, TTD, VRSK, VRTX, XEL,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 17

ABNB, AMGN, BIIB, CTAS, CTSH, KDP, KHC, MNST, ODFL, ORLY, PDD, ROP, TEAM, TTD, VRSK, VRTX, XEL,

Moving Below 30 DMA = 5

DXCM, FTNT, MELI, MSTR, PLTR,

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