RUT, NDX, SPX, DJI Bounce as Mega Caps Pause, VIX Rises...Consumer Discretionary, Energy, Communication Services...AMZN Up on Positive EPS Reaction...

 

© 2025

SPX +17.86, 6,840, closed above 6,800 for the fifth time.  Breadth strengthened on Friday accompanied with heavy buying in AMZN.  Government shutdown continued for the thirtieth-first day.  Apparently, politicians have prioritized their political objectives over a fully functioning government.

Post earnings trading was mixed in GOOGL, META, MSFT, AMZN and AAPL on Thursday and Friday but the SPX still finished 48 points higher for an all-time weekly high close.  Traders seemed to like the Fed 25 basis point rate cut, progress in US, China trade talks and EPS reports from GOOGL and AMZN.   

The four-week SPY trend is up.  The three- and six-month trends are up.  Dave

Earnings:

BRK/B reports on Saturday morning.  IDXX L ON PEG PNW report EPS before the open on Monday.  CLX CTRA EMN FANG HOLX O PLTR SBAC SPG VRTX WMB report Monday after the close.

NDX +0.48%, bull flag pattern. 

DJI, 47,562, +0.09%, bull flag pattern, led by AMZN, AMGN and CVX.

Mega Cap Price Action: AMZN +21.36, +9.58%, AAPL -1.03, -0.38%,

NVDA -0.40, -0.20%, bull flag pattern.

AVGO -6.84, -1.82%, breakout test.

ORCL +5.72, +2.23%, broke short and intermediate-term support.

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

SPY up +2.23 at 682.06, 87.1 million shares, above average volume.

VIX up +.53 at 17.44,

QQQ up +3.02 at 629.07

AMZN, CVX, AMGN, VZ led DJIA, 14 advancers, -4

FSLR, AMZN, WDC, CHD led SPX, 263 advancers,

AMZN, MSTR, MRVL, TEAM led NDX, 58 advancers.

Up: IWM, QQQ, SPY, DIA,

Down:

The SPY MFC green line is pointed down at 88 and price-action is short-term bullish. -3.2

Seven of eleven sectors were higher on Friday led by XLY, XLE and XLC. 

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

Neutral sectors: XLB, XLRE,

Down trend sectors: XLP,

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: Down a little 

58 of 100 NDX stocks closed higher on Friday.

54 NDX stocks are above their 30 DMA: MU, INTC, PANW, ASML, LRCX, DDOG, WBD, ZS, CRWD, AMAT, MRVL, XEL, EA, AEP, VRTX, AMD, AMGN, ARM, AZN, GILD, AAPL, GOOGL, KLAC, ROST, ABNB, CSCO, KDP, ISRG, BIIB, MDB, QCOM, CTSH, PCAR, TEAM, AVGO, CEG, MRVL, NVDA, PDD, PLTR, AMZN, AXON, REGN, MELI, TSLA, BKR, CDW, CSX, GFS, APP, FTNT, ODFL, TTWO, WDAY,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 5

APP, FTNT, ODFL, TTWO, WDAY,   

Moving Below 30 DMA = 6

DXCM, EXC, GEHC, MSFT, ON, PEP,

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NDX, DJI, SPX Close Lower after META, MSFT Negative EPS Reactions...Real Estate, Financial, Health Care Led Sectors...Afterhours: AMZN, AAPL Up on Positive EPS Reaction...

© 2025

SPX -68.25, 6,822, closed above 6,800 for the fourth time.  Breadth was negative on Thursday as declining capital increased significantly from heavy selling in META.  Government shutdown continued for the thirtieth day.  Apparently, politicians have prioritized their political objectives over a fully functioning government.

It was intriguing to watch the post earnings META and MSFT trading on Thursday with the broad market lower and the number of advancers higher.  Very similar to the atypical variance of outcomes that we have observed in 2025 due to a variety of factors like DOGE, tariffs, volatility, the middle east, the government shutdown and absence of data releases in October.

The four-week SPY trend is up notwithstanding Thursday’s pullback.  The three- and six-month trends are up.  Dave

Earnings:

ABBV AON CBOE CHD CHTR CL CVX D FRT GWW LIN LYB TROW XOM report EPS before the open on Friday.  BRK/B reports on Saturday.

Afterhours: AMZN +28.39, +12.71%, AAPL +6.50, +2.39%, on positive earning's reactions.

NDX -1.47%, bull flag pullback. 

DJI, 47,522, -0.23%, pause day, led by MSFT, BA and HON.

Post EPS: GOOGL +6.91, +2.52%, MSFT -15.79, -2.92%, META -85.20, -11.33%

NVDA -4.15, -2.00%, bull flag pattern.

AVGO -9.51, -2.46%, breakout test.

ORCL -18.41, -6.69%, broke short and intermediate-term support.

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

SPY down -7.56 at 679.83, 76.2 million shares, average volume.

VIX down -.01 at 16.91,

QQQ down -9.72 at 626.05

CSCO, CRM, DIS, JNJ led DJIA, 18 advancers, +11

CHRW, CAH, MRNA, FOXA led SPX, 233 advancers,

GFS, VRSK, MELI, GOOGL led NDX, 47 advancers.

Up: 

Down: DIA, IWM, SPY, QQQ,

The SPY MFC green line turned down at 91.2 and price-action is short-term bullish. -3.3

Three of eleven sectors were higher for third day on Thursday led by XLRE, XLF and XLV. 

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

Neutral sectors: XLB, XLRE,

Down trend sectors: XLP,

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: Down a little 

47 of 100 NDX stocks closed higher on Thursday.

55 NDX stocks are above their 30 DMA: MU, INTC, PANW, ASML, LRCX, DDOG, WBD, ZS, CRWD, AMAT, MRVL, XEL, EA, EXC, AEP, VRTX, AMD, AMGN, ARM, AZN, GILD, PEP, AAPL, GOOGL, KLAC, ON, ROST, ABNB, CSCO, KDP, ISRG, MSFT, BIIB, GEHC, MDB, QCOM, CTSH, DXCM, PCAR, TEAM, AVGO, CEG, MRVL, NVDA, PDD, PLTR, AMZN, AXON, REGN, MELI, TSLA, BKR, CDW, CSX, GFS,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 2

CSX, GFS,  

Moving Below 30 DMA = 6

APP, FANG, HON, META, PYPL, SBUX,

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NDX All-time Closing High...SPX, DJI Pause after Intraday High...Energy, Technology, Industrials Led Sectors...Afterhours: GOOGL is Up, META, MSFT Down after EPS Beats...

© 2025

SPX +15.73, 6,890, closed above 6,800 for the third time.  Breadth was mixed again on Wednesday as decliners led advancers while advancing capital led declining capital.  Government shutdown continued for the twenty-ninth day.  FOMC cut rates to 3.75% to 4.00%.

Breadth weakened on Wednesday as advancers weakened, sectors were unchanged at three, while net change capital remained positive.  TER, STX, CNC, CAT moved higher on positive EPS reactions.  FI, SW, GRMN, VRSK, CSGP moved lower on negative EPS reactions.  The four-week SPY trend is up with a new closing high.  The three- and six-month trends are up.  Dave

Earnings: 10% of the SPX report EPS on Thursday, October 30.

AME AMP APTV BAX BIIB BLDR BMY CAH CI CMCSA CMS DINO DTE EL EME FOXA HII HSY HWM ICE IP K KIM KMB LHX LKQ LLY MA MO MRK PWR SO SPGI TT VMC WEC WTW XEL report EPS before the open on Thursday.  AAPL AJG AMZN COIN DXCM ERIE EW FSLR GDDY GILD IR MSI RMD RSG SYK VICI WDC WY report after market close.

Wednesday after the close GOOGL, META and MSFT report.  All three reported EPS and Sales beats.

Afterhours: GOOGL +13.95, +5.08%, MSFT -12.05, -2.23%, META -67.03, -8.92%

Thursday after the close AAPL and AMZN report.

NDX +0.41%, all-time closing high. 

DJI, 47,632, -0.16%, pause day, led by weakness in UNH, BA and GS.

NVDA +6.01, +2.99%, BO continuation to all-time closing high.

AVGO +13.01, +3.49%, breakout to all-time closing high.

ORCL -5.33, -1.97%, 7-day trading channel at ST support.

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

SPY up +.33 at 687.39, 84.9 million shares, above average volume.

VIX up +.50 at 16.92,

QQQ up +2.85 at 635.77

CAT, NVDA, VZ, CVX led DJIA, 7 advancers, -7

TER, STX, WDC, CNC led SPX, 124 advancers,

AEP, CTSH, PLTR, CEG led NDX, 33 advancers.

Up: QQQ, SPY,

Down: DIA, IWM,

The SPY MFC green line is pointed up at 94.5 and is short-term bullish. +4.1

Three of eleven sectors were higher on Wednesday led by XLE, XLK and XLI. 

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

Neutral sectors: XLB, XLRE,

Down trend sectors: XLP,

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

33 of 100 NDX stocks closed higher on Wednesday.

59 NDX stocks are above their 30 DMA: MU, INTC, PANW, ASML, LRCX, DDOG, WBD, ZS, CRWD, AMAT, MRVL, XEL, EA, EXC, AEP, VRTX, AMD, AMGN, ARM, AZN, GILD, PEP, AAPL, GOOGL, KLAC, ON, ROST, ABNB, CSCO, KDP, SBUX, ISRG, MSFT, BIIB, GEHC, MDB, QCOM, CTSH, DXCM, PCAR, TEAM, AVGO, CEG, HON, MRVL, NVDA, PDD, PLTR, PYPL, AMZN, AXON, META, REGN, APP, MELI, TSLA, BKR, CDW, FANG,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 2

CDW, FANG,

Moving Below 30 DMA = 10

ADBE, CCEP, CSX, FTNT, INTU, LULU, MAR, MNST, TRI, TTD,

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