DJI a New All-time Closing High, SPX Closed Slightly Higher as NDX, RUT Closed Slightly Lower as House Vote Expected...Health Care, Financial, Basic Materials Led Sectors...

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SPX +4.31, 6,850, a very modest increase, closed above 6,800.  Breadth weakened on Wednesday, as decliners led advancers.  Advancing capital did increase primarily because of buying in AMD stock today, after AMD raised guidance at Tuesday’s analyst day presentation.  Government shutdown continued for the forty-third day but as many have expectations of potential House a vote on Wednesday. It does seem as if buyers are in a modest buying mode until a House vote occurs.

SPY opened higher, pulled back, bounced and made a small advance closing 38 cents higher in its bull flag bounce.  The visual evidence continues to indicate that the intermediate trend is more probable to continue.  Remember to make a higher low the trend must pull back from a higher high.  The four-week SPY trend is up.  The three- and six-month trends are up.  Dave

Earnings: There are 8 SPX earnings reports this week including CSCO on Wednesday and DIS, AMAT on Thursday. 

NDX -0.06%, pause for a second day after Monday’s bull flag bounce. 

DJI, 48,254, +0.68%, breakout to a new all-time closing high, led by GS, UNH and CAT.

NVDA +0.64, +0.33%, EPS on November 19 AMC..

AVGO +3.26, +0.93%, bull flag setup.

ORCL -9.16, -3.88%, channel bounce down.

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

SPY up +0.38 at 683.38, 61.4 million shares, below average volume.

VIX up +0.23 at 17.51,

QQQ down -0.49 at 621.08

UNH, GS, CSCO, NKE led DJIA, 21 advancers, -5

AMD, ALB, UAL, CMG led SPX, 294 advancers,

AMD, ADI, CDW, CSCO led NDX, 53 advancers.

Up: DIA, SPY,

Down: QQQ, IWM,

The SPY MFC green line is pointed up at 67.7, and price-action is short-term bullish. +3.1

Six of eleven sectors were higher on Wednesday led by XLV, XLF and XLB. 

Uptrend sectors: XLK, XLV, XLY, XLI, XLC, XLU, XLF, XLE,

Neutral sectors: XLB, XLRE,

Down trend sectors: XLP,

The 6-month intermediate trend breakout is up.  The ten-day trend is down a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

53 of 100 NDX stocks closed higher on Wednesday.

44 NDX stocks are above their 30 DMA: MU, LRCX, WBD, ZS, CRWD, AMAT, MRVL, EA, AEP, AMD, AMGN, AAPL, GOOGL, KLAC, ROST, CSCO, ISRG, BIIB, MDB, QCOM, CTSH, MRVL, PDD, AMZN, REGN, IDXX, MAR, PCAR, AZN, DDOG, BKR, CCEP, FANG, MNST, SBUX, AVGO, NVDA, VRTX, GILD, ADI, ASML, BKNG, KDP, NFLX,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 5

ADI, ASML, BKNG, KDP, NFLX,

Moving Below 30 DMA = 5

ODFL, PANW, PLTR, TEAM, XEL,

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DJI, SPX, RUT Closed Higher, NDX Paused on Tuesday...Health Care, Consumer Staples, Energy Led Sectors, Technology the Sole Sector Decliner...

© 2025

SPX +14.63, 6,846, closed above 6,800.  Breadth weakened on Tuesday, but advancers did remain positive.  Government shutdown continued for the forty-second day but the Senate vote was a positive development and some seem optimistic about the outcome on the House a vote. A step in the right direction.

SPY after a pause morning continued its bull flag bounce.  The visual evidence continues to indicate that the intermediate trend is more probable to continue rising.  Remember an uptrend is a series of higher highs and higher lows.  The four-week SPY trend is up.  The three- and six-month trends are up.  Dave

Earnings: There are 8 SPX earnings reports this week including CSCO on Wednesday and DIS, AMAT on Thursday. 

NDX -0.30%, a pause day after Monday’s bull flag bounce. 

DJI, 47,927, +1.18%, bull flag bounce continuation, led by AMGN, GS and MCD.

NVDA -5.89, -2.96%, re-breakout setup.

AVGO -6.43, -1.79%, pullback to bull flag setup.

ORCL -4.68, -1.94%, channel bounce down.

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

SPY up +1.56 at 683.00, 58.7 million shares, below average volume.

VIX down -0.32 at 17.28,

QQQ down -1.66 at 621.57

MRK, AMGN, NKE, JNJ led DJIA, 26 advancers, +6

VTRS, PSKY, MRNA, DXCM led SPX, 343 advancers,

DXCM, AMGN, GILD, REGN led NDX, 57 advancers.

Up: DIA, SPY, IWM

Down: QQQ,

The SPY MFC green line turned up at 64.6, and price-action is short-term bullish. +4.2

Ten of eleven sectors were higher on Tuesday led by XLV, XLP and XLE. 

Uptrend sectors: XLK, XLV, XLY, XLI, XLC, XLU, XLF, XLE,

Neutral sectors: XLB, XLRE,

Down trend sectors: XLP,

The 6-month intermediate trend breakout is up.  The ten-day trend is down a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up 

57 of 100 NDX stocks closed higher on Tuesday.

44 NDX stocks are above their 30 DMA: MU, LRCX, WBD, ZS, CRWD, AMAT, MRVL, EA, AEP, AMD, AMGN, AAPL, GOOGL, KLAC, ROST, CSCO, ISRG, BIIB, MDB, QCOM, CTSH, MRVL, PDD, AMZN, REGN, IDXX, MAR, PCAR, AZN, DDOG, BKR, CCEP, FANG, MNST, SBUX, TEAM, AVGO, NVDA, PANW, PLTR, VRTX, GILD, ODFL, XEL,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 3

GILD, ODFL, XEL,

Moving Below 30 DMA = 4

APP, ASML, INTC, TSLA,

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NDX, SPX, DJI Bounced Above Friday's Reversal Move as VIX Falls...Technology, Consumer Discretionary, Communication Services Led Sectors...PLTR, WDC, MU, NVDA Led Tech Stocks...

© 2025

SPX +103.63, 6,832, closed above 6,800.  Breadth strengthened on Monday as advancers and advancing capital increased significantly.  Government shutdown continued for the forty-first day.  The Senate passed a funding measure with 60 votes that now goes to the House for a vote. A step in the right direction.

SPY bull flag bounced above Friday’s hammer.  The visual evidence continues to indicate that the intermediate trend is more probable to continue rising.  Remember an uptrend is a series of higher highs and higher lows.  The four-week SPY trend is up.  The three- and six-month trends are up.  Dave

Earnings: There are 8 SPX earnings reports this week including CSCO on Wednesday and DIS, AMAT on Thursday. 

NDX +2.20%, bull flag bounce above Friday’s hammer. 

DJI, 47,368, +0.81%, bull flag bounce above Friday’s hammer, led by NVDA, GS and MSFT.

PLTR +15.68, +8.81%, re-breakout and WDC +11.26, +6.91%, all-time new high close.

NVDA +10.90, +5.79%, re-breakout and bull flag bounce.

AVGO +8.96, +2.56%, bull flag bounce.

ORCL +1.57, +0.66%, modest channel bounce close above the high of Friday’s doji.

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

SPY up +10.47 at 681.47, 75.1 million shares, average volume.

VIX down -1.48 at 17.60,

QQQ up +13.49 at 623.23

NVDA, MSFT, MMM, AMZN led DJIA, 20 advancers, +10

PLTR, WDC, ALB, MU led SPX, 314 advancers,

PLTR, MU, NVDA, APP led NDX, 73 advancers.

Up: QQQ, SPY, DIA, IWM

Down:

The SPY MFC green line is pointed down at 60.4, price-action bounced above the high of Friday’s hammer and is short-term bullish. -1.0

Eight of eleven sectors were higher on Monday led by XLK, XLY and XLC. 

Uptrend sectors: XLK, XLV, XLY, XLI, XLC, XLU, XLF, XLE,

Neutral sectors: XLB, XLRE,

Down trend sectors: XLP,

The 6-month intermediate trend breakout is up.  The ten-day trend is down a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little 

73 of 100 NDX stocks closed higher on Monday.

45 NDX stocks are above their 30 DMA: MU, LRCX, WBD, ZS, CRWD, AMAT, MRVL, EA, AEP, AMD, AMGN, AAPL, GOOGL, KLAC, ROST, CSCO, ISRG, BIIB, MDB, QCOM, CTSH, MRVL, PDD, AMZN, REGN, IDXX, MAR, PCAR, AZN, DDOG, BKR, CCEP, FANG, INTC, MNST, SBUX, TEAM, APP, ASML, AVGO, NVDA, PANW, PLTR, TSLA, VRTX,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 8

APP, ASML, AVGO, NVDA, PANW, PLTR, TSLA, VRTX,

Moving Below 30 DMA = 3

GILD, ODFL, XEL,

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