Friday, February 21, 2025

SPX, NDX Lower after Consumer Sentiment was Lower-than-Expected, Volume, VIX Rise...Technology, Consumer Discretionary Led Selloff...AKAM Led SPX Decliners...


© 2025


SPX -104.39, 6,013, opened flat but turned down after Consumer Sentiment came in below expectations.  Volume was above average, volatility jumped and breadth weakened as the technology and consumer discretionary sectors led the selloff with some buying strength in consumer staples, utilities and health care. 

The DJI, 43,428, -1.69%, closed lower.  NDX -2.06% a breakout test formed a long-tailed hammer.

TSLA -16.60, -4.68%, channel bounce four-day grinder, formed small red candle.

Friday EPS reactions: AKAM -21.30, -21.73%,


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


SPY down 10.44 at 599.94, 76.5 million shares, above average volume
VIX up 2.55 at 18.21
QQQ down 11.15 at 526.08

MRK, KO, PG, AMGN, VZ led the DJIA, 8 advancers, -5
MRNA, KVUE, HSY, MDLZ led the SPX, 123 advancers,
MELI, PDD, MDLZ, MNST led the NDX, 19 advancers

Up:
Down: SPY, DIA, QQQ, IWM,

The SPY MFC green line turned down at 90.6 and is counter-trend defensive. -6.4.

Two of eleven sectors were higher on Friday.

Uptrend sectorsXLC, XLF, XLK, XLU, XLI, XLY,
Neutral sectors: XLP, XLE, XLRE, XLV, XLB,
Down trend sectors:

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

3-month Intermediate Term Market Trend: Up a little
3-day Short Term Market TrendDown


19 of 100 NDX stocks closed higher on Friday.

65 NDX stocks are above their 30 DMA:  KLAC, CDW, GEHC, ISRG, AEP, EXC, PAYX, AMGN, MELI, META, PDD, ADP, AZN, LIN, SBUX, APP, CTAS, DASH, CRWD, FTNT, GILD, ORLY, ROP, VRSK, VRTX, CTSH, MDB, NFLX, PLTR, TEAM, CCEP, COST, TMUS, CSCO, IDXX, LRCX, XEL, PANW, ABNB, BKNG, MDLZ, TTWO, ADBE, CHTR, INTC, KDP, AAPL, GFS, NXPI, FAST, MNST, NVDA, WBD, ADI, DXCM, MCHP, MU, CMCSA, CSGP, KHC, ON, TXN, PEP, REGN, EA,

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 1
EA,


Moving Below 30 DMA = 10
ASML, BKR, CDW, CEG, CPRT, MAR, ODFL, QCOM, WDAY, ZS,



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