NDX, SPX, DJI Bounce in 5-day Trading Range...RUT Closed Lower...Consumer Staples, Consumer Discretionary, Energy Led Sectors...AXP Led DJI on Positive EPS Reaction...

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SPX +34.94, 6,664, closed higher, traded in a range and remained in congestion for a fifth day.  Breadth strengthened and turned positive as advancers led decliners on the NYSE.  Government shutdown continued for the seventeenth day.

AXP, FITB, HBAN, RF, SLB, STT, TFC reported EPS before the open.

A one-day bounce in a five-day trading range.  The four-week SPY trend is sideways, and the three- and six-month trends are up.  Dave

NDX +0.65%, rally in 5-day trading range. 

DJI, 46,190, +0.52%, a trading range bounce led by AXP, V and IBM.

NVDA +1.41, +0.78%, bullish engulfing candle.

AVGO -4.82, -1.36%, formed a dragonfly doji, 16 cents below Thursday’s low. 

ORCL -2.69, -6.93%, a channel bounce down, below the low of the high day on Thursday.

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

SPY up 3.75 at 664.39, 96.5 million shares, above average volume.

VIX down -4.53 at 20.78,

QQQ up 3.94 at 603.93

AXP, AAPL, V, IBM led DJIA, 22 advancers, +14

KVUE, AXP, GILD, EL led SPX, 361 advancers,

GILD, WDAY, AXON, ISRG led NDX, 75 advancers.

Up: QQQ, SPY, DIA,

Down: IWM,

The SPY MFC green line turned up at 68.2, price action remains above the high of the low day September 25, in a five-day trading range and is short-term bullish. +4.5

Nine of eleven sectors were higher on Friday led by XLP, XLY and XLE. 

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 down a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

75 of 100 NDX stocks closed higher on Friday.

49 NDX stocks are above their 30 DMA: MNST, MU, INTC, PANW, TSLA, TTWO, ASML, LRCX, DDOG, WBD, ZS, MRVL, CRWD, CEG, PLTR, AMAT, FTNT, MRVL, CSX, XEL, EA, EXC, AEP, VRTX, AMD, AMGN, ARM, AZN, TTD, GILD, PEP, AAPL, AVGO, GFS, GOOGL, KLAC, ON, ROST, ABNB, CSCO, KDP, MCHP, CCEP, NVDA, SBUX, ISRG, MDLZ, MSFT, REGN,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 4

ISRG, MDLZ, MSFT, REGN,

Moving Below 30 DMA = 2

DASH, IDXX,

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SPX, NDX, DJI Pullback into 4-day Trading Range as Breadth Weakened...Technology Led Sectors...NVDA, AVGO, ORCL Rose...

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SPX -41.99, 6,629, its largest decline since last Friday, pulling back into congestion, forming a short-term trading range.  Breadth weakened and turned negative as decliners led advancers on Thursday.  Government shutdown continued for a sixteenth day.  

BK, KEY, MMC, MTB, SCHW, SNA, TRV, USB reported EPS before the open.  CSX and IBKR reported after the close on Thursday.

A pullback into a short-term congestion zone or what we call a grinder.  The four-week trend is sideways, and the three- and six-month trends are still up.  Dave

NDX -0.36%, pullback into short-term congestion. 

DJI, 45,952, -0.65%, a bull flag bounce pulls back led by V, GS and TRV.

NVDA +1.98, +1.10%, breakout test.

AVGO +7.20, +2.09%, channel bounce. 

ORCL +9.38, +3.08%, channel bounce.

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

SPY down -4.53 at 660.64, 110.4 million shares, above average volume.

VIX up 4.67 at 25.31, its highest close since April 24.

QQQ down -2.23 at 599.99

CRM, PG, CAT, NVDA led DJIA, 8 advancers, -6

JBHT, MU, ON, NEM, WDC led SPX, 135 advancers,

MU, ON, KDP, ODFL led NDX, 33 advancers.

Up:  

Down: QQQ, DIA, SPY, IWM, 

The SPY MFC green line is down at 63.7, price action remains above the high of the low day September 25 in a four day grinder channel and is neutral. -7.3

One of eleven sectors was higher on Thursday led by XLK, XLV and XLRE. 

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 down.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

33 of 100 NDX stocks closed higher on Thursday.

47 NDX stocks are above their 30 DMA: MNST, MU, INTC, PANW, TSLA, TTWO, ASML, LRCX, DDOG, DASH, WBD, ZS, MRVL, CRWD, CEG, PLTR, AMAT, FTNT, MRVL, CSX, XEL, EA, EXC, AEP, VRTX, AMD, AMGN, ARM, AZN, TTD, GILD, PEP, AAPL, AVGO, GFS, GOOGL, KLAC, ON, ROST, ABNB, CSCO, KDP, IDXX, MCHP, CCEP, NVDA, SBUX,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 3

CCEP, NVDA, SBUX,

Moving Below 30 DMA = 5

COST, MAR, MSFT, REGN, WDAY,

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RUT, NDX, SPX Closed Higher...RUT Makes New All-time Closing High...Real Estate, Utilities, Technology Led Sectors...

© 2025

SPX +26.75, 6,671, higher open followed by a trading range led to a higher close on Wednesday.  Breadth weakened again but remained positive as advancers led decliners on Wednesday.  Government shutdown continued for a fifteenth day.

A bounce that resulted in close above the high of the following day in the broad market. The six-month trend is still up.  Dave

NDX +0.68%, bounce up from support reversed Tuesday’s pullback.  RUT, IWM make new all-time closing high.

DJI, 46,270, -0.04%, a bull flag bounce pause day, advancers offset by TRV, HON and CRM.

NVDA -0.20, -0.11%, breakout test.

AVGO +7.20, +2.09%, channel bounce. 

ORCL +4.62, +1.55%, continues channel bounce.

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

SPY up 2.94 at 665.17, 81.4 million shares, above average volume

VIX down -0.17 at 20.64

QQQ up 4.22 at 602.22

WMT, IBM, CSCO, CAT led DJIA, 14 advancers, -6

BG, AMD, FSLR, WDC led SPX, 246 advancers,

AMD, KLAC, LRCX, AMAT led NDX, 52 advancers.

Up: IWM, QQQ, SPY, 

DIA (unchanged),

Down:

The SPY MFC green line is down at 71, price action remains above the high of the low day September 25 and is short-term bullish. -5.2

Seven of eleven sectors were higher and XLF was unchanged on Wednesday led by XLRE, XLU and XLK. 

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 down a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

52 of 100 NDX stocks closed higher on Wednesday.

49 NDX stocks are above their 30 DMA: MNST, MU, INTC, PANW, TSLA, TTWO, ASML, LRCX, DDOG, DASH, WBD, ZS, MRVL, CRWD, CEG, PLTR, AMAT, FTNT, MRVL, CSX, XEL, EA, EXC, AEP, VRTX, AMD, AMGN, ARM, AZN, TTD, GILD, PEP, AAPL, AVGO, GFS, GOOGL, KLAC, MSFT, ON, ROST, WDAY, ABNB, COST, CSCO, KDP, MAR, IDXX, MCHP, REGN,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 3

IDXX, MCHP, REGN,

Moving Below 30 DMA = 6

BIIB, CCEP, NFLX, NVDA, PYPL, ROP,

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