SPX, NDX All-time Closing High...Financial, Consumer Staples, Industrials Led Sectors...

© 2025

SPX +33.66, 6,297, opened higher after better-than-expected Monthly Retail Sales and Jobless Claims reports and closed at new all-time high.

NDX +0.76% an all-time closing high. 

DJI, 44,484 +0.52%, a bull flag bounce nearing horizontal resistance break out to a new all-time high.   

Breadth strengthened on Thursday.

TSLA -0.13, -0.05%, channel bounce, C-pattern break out.

AVGO +5.64, +2.01%, trading range spinning top.

PEP +10.09, +7.45%, gap up reversal break out after a positive EPS reaction BMO.

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EPS Friday 7 SPX companies report including AXP, HBAN, MMM, RF, SCHW, SLB, TFC BMO.

Q2 First day reaction:

Positive: SNA, PEP, TRV, TSM, CTAS, CFG, JNJ, OMC, PGR, JBHT, PLD, C, FAST, = 12

Neutral: MMC, PNC, GS, BAC, BK, JPM = 6

Negative: ELV, ABT, GE, USB, FITB, MTB, MS, WFC, BLK, STT = 10

Bold is > +5% or -5%

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

SPY up 3.82 at 628.04, all-time high, 68.8 million shares, below average volume

VIX down .64 at 16.52,

QQQ up 4.51 at 561.80

TRV, DIS, KO, JPM led DJIA, 21 advancers, +2

SNA, ALB, PEP, ALLE led SPX, 372 advancers,

PEP, MDB, CSX, CTAS led NDX, 73 advancers,

Up: IWM, QQQ, DIA, SPY,

Down:

The SPY MFC green line is up at 93.1 and is short-term bullish. +0.2

Nine of eleven sectors were higher on Thursday led by XLF, XLP and XLI.

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 a little

73 of 100 NDX stocks closed higher on Thursday.

59 NDX stocks are above their 30 DMA: ADI, AMAT, AVGO, DDOG, KLAC, LRCX, MCHP, MSFT, NVDA, AMD, AMZN, CSCO, ON, CSX, TXN, WBD, DASH, SBUX, NXPI, CSGP, GFS, BKNG, GEHC, MAR, ANSS, GOOGL, AEP, HON, SNPS, CDNS, FAST, PEP, AAPL, CCEP, ABNB, AMGN, TTD, VRTX, MSTR, REGN, ORLY, PLTR, PDD, KHC, XEL, ARM, FTNT, MDB, PDD, TSLA, APP, BKR, CDW, CTAS, DXCM, KDP, MDLZ, NFLX, PYPL,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 9

APP, BKR, CDW, CTAS, DXCM, KDP, MDLZ, NFLX, PYPL,

Moving Below 30 DMA = 2

PCAR, TTWO,  

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SPX, NDX Closed Higher...Health Care, Real Estate, Financial Led Sectors...JNJ Leads DJI on Positive EPS Reaction...

© 2025

SPX +19.94, 6,263, opened higher after better-than-expected PPI report, pulled back and reversed to form a hammer.  Core PPI M/M 0.0% vs 0.2% estimate, Y/Y 2.6% vs 2.6% estimate. Headline PPI M/M 0.0% vs 0.2% estimate, Y/Y 2.3% vs 2.5% estimate.

NDX +0.10% a hammer. 

DJI, 44,254 +0.53%, hammer in a bull flag setup.   

Breadth strengthened significantly on Wednesday.

TSLA +10.89, +3.50%, channel bounce, C-pattern break out.

AVGO -0.13, -0.05%, trading range spinning top.

JNJ +9.61, +6.19%, gap up horizontal breakout after a positive EPS reaction BMO.

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EPS Thursday 12 SPX companies report including ABT, CFG, CTAS, ELV, FITB, GE, MMC, PEP, SNA, TRV, USB BMO and NFLX AMC.

Q2 First day reaction:

Positive: JNJ, OMC, PGR, JBHT, PLD, C, FAST, = 7

Neutral: PNC, GS, BAC, BK, JPM = 5

Negative: MTB, MS, WFC, BLK, STT = 5

Bold is > +5% or -5%

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

SPY up 2.08 at 624.22, 88.9 million shares, above average volume

VIX down .22 at 17.16,

QQQ up .57 at 557.29

JNJ, AMGN, CAT, MRK led DJIA, 19 advancers, +15

GPN, JNJ, APO, OMC led SPX, 343 advancers,

ARM, WBD, TSLA, MSTR led NDX, 58 advancers,

Up: IWM, DIA, SPY, QQQ,

Down:

The SPY MFC green line is flat at 92.9 and is short-term bullish. -0.8

Ten of eleven sectors were higher on Wednesday led by XLV, XLRE and XLF.

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: Sideways

58 of 100 NDX stocks closed higher on Wednesday.

52 NDX stocks are above their 30 DMA: ADI, AMAT, AVGO, DDOG, KLAC, LRCX, MCHP, MSFT, NVDA, AMD, AMZN, CSCO, ON, CSX, TXN, WBD, DASH, SBUX, NXPI, CSGP, GFS, BKNG, GEHC, MAR, PCAR, ANSS, GOOGL, AEP, HON, SNPS, CDNS, FAST, PEP, AAPL, CCEP, ABNB, AMGN, TTD, VRTX, MSTR, REGN, ORLY, PLTR, PDD, KHC, XEL, TTWO, ARM, FTNT, MDB, PDD, TSLA,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 1

TSLA,

Moving Below 30 DMA = 8

ASML, BKR, CEG, DXCM, META, MRVL, MU, NFLX,

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NDX closed Higher...Technology Led Sectors...Earnings Season Begins...C Horizontal Breakout...

© 2025

SPX -24.80, 6,243, opened higher after an inline CPI report, but reversed in the first 15 minutes and pulled back to close lower.  Core M/M 0.2% vs 0.3% estimate, Y/Y 2.9% vs 2.9% estimate. Headline CPI M/M 0.3% vs 0.3% estimate, Y/Y 2.7% vs 2.6% estimate.

This morning was the unofficial start to earnings season, with earnings from JPM, C, WFC, BK, BLK, STT.  All six reported EPS and Sales beats, but four of them closed lower.

The NDX +0.13% a gap up, pull back, higher close. 

The DJI, 44,023 -0.98%, a bull flag pull back.   

Breadth weakened significantly on Tuesday, however net change capital remained positive in NDX and DJI.

TSLA -6.39, -1.08%, channel pullback, C-pattern setup.

AVGO +5.34, +1.94%, Horizontal BO.

C +1.80, +4.16%, gap up horizontal breakout after a positive EPS reaction BMO.

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EPS Q2: Six SPX stocks reported: JPM, C, WFC, STT, BK, BLK,

28 more SPX companies report this week including BAC, GS, MS, UAL, GE, NFLX, AXP and SCHW on Wednesday through Friday.

First day reaction: Q2

Positive: C, FAST, = 2

Neutral: BK, JPM = 2

Negative: WFC, BLK, STT = 3

Bold is > +5% or -5%

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

SPY down 2.67 at 622.14, 74.1 million shares, above average volume

VIX up 0.18 at 17.38,

QQQ up .51 at 556.72

NVDA, MSFT, AMZN, AAPL led DJIA, 4 advancers, -13

SMCI, FSLR, AMD, AE, NVDA, C led SPX, 50 advancers,

TTD, AMD, NVDA, SNPS led NDX, 28 advancers,

Up: QQQ,

Down: SPY, DIA, IWM,

The SPY MFC green line is flat at 93.7 and is short-term bullish. +0.2

One of eleven sectors was higher on Tuesday led by 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: Sideways

28 of 100 NDX stocks closed higher on Tuesday.

59 NDX stocks are above their 30 DMA: CEG, ADI, AMAT, AVGO, DDOG, KLAC, LRCX, MCHP, MSFT, NVDA, AMD, AMZN, ASML, CSCO, META, MU, ON, CSX, TXN, MRVL, WBD, DASH, SBUX, NXPI, CSGP, GFS, BKNG, GEHC, MAR, PCAR, ANSS, GOOGL, AEP, BKR, HON, SNPS, CDNS, FAST, PEP, AAPL, CCEP, ABNB, AMGN, TTD, VRTX, MSTR, REGN, ORLY, PLTR, PDD, KHC, XEL, DXCM, NFLX, TTWO, ARM, FTNT, MDB, PDD,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 4

ARM, FTNT, MDB, PDD,

Moving Below 30 DMA = 13

AZN, BIIB, CDW, CHTR, CMCSA, EXC, GILD, IDXX, KDP, LIN, MDLZ, ODFL, PYPL,

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