SPX Higher Open after Better-than-expected PPI Report...Breadth Strengthens...Financial, Utilities, Materials Lead Sectors...Earnings Season Starts: JPM, GS, C, WFC +...CPI Before the Open...

© 2025

SPX +6.69, 5,842.  Gapped higher after a lower (better) than-expected PPI report: M/M Core 0.0% vs. 0.2% expected and Y/Y Core 3.5% vs 3.8% expected (SPY newsfeed).  

After the opening the market faded and filled the gap.  Buyers controlled the pre-market, the open, midday and the close, while sellers were primarily in control after the open until midday and 90 minutes before the close for 45 minutes.   

Breadth was mixed but strengthened again on Tuesday. 

The DJI, 42,518, closed +0.52% a close above the high of Monday’s low day. 

NDX -0.13%, again closed just below 3-week support.

TSLA -6.95, -1.72%, opened higher, reversed and closed lower. 

Wednesday is the unofficial start of Q4 earnings season with pre-market EPS reports from:  JPM, BK, BLK, C, GS, WFC. 

CPI will report 8:30 am Wednesday BMO: Core M/M 0.2% expected, Y/Y 3.3 expected.

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

SPY up 0.80 at 582.19, 48.3 million shares, average volume

VIX down .48 at 18.71,

VIX1D up 5.66 at 22.48,

QQQ down .48 at 505.08

CAT, MMM, GS, SHW led the DJIA, 19 advancers, -1          

URI, VST, CE, BLDR led the SPX, 380 advancers

MSTR, TEAM, PYPL, CEG led the NDX, 63 advancers

Up:  IWM, DIA, SPY,

Down:  QQQ,

The SPY MFC green line is pointed down at 20.8 and is short-term bearish. -6.4.

Eight of eleven sectors were higher on Tuesday, led by XLF, XLU and XLB.

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

Neutral sectors:  XLE,

Down trend sectors: XLRE, XLP, XLV, XLB,

The 6-month intermediate trend is up.  The ten-day trend is Down.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

63 of 100 NDX stocks closed higher on Tuesday.

23 NDX stocks are above their 30 DMA:  MRVL, LULU, AVGO, GOOGL CEG, ASML, BKR, FANG, KLAC, AMAT, CDW, GEHC, ISRG, AEP, DXCM, ARM, CSCO, EXC, MU, PAYX, PCAR, QCOM, TXN,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 8 

ARM, CSCO, EXC, MU, PAYX, PCAR, QCOM, TXN,

Moving Below 30 DMA = 2

AMGN, META,

Add Comments here: