NDX, SPX Closed Higher, Communication Services, Consumer Discretionary, Technology Led Sectors...TSLA Leads NDX...

 

© 2025

SPX +4.67, 5,667, opened lower, traded in a choppy range of 67 SPX points and formed bullish engulfing candle.  The SPX had traded lower all day until a final rally during the last 30 minutes Friday lifted the index to a closing gain.

In my view the word “uncertainty” was used too much this week for its ambiguity to hide the cognitive dissonance or confusion of the person using the word, rather than using it to promote thoughtful discussion of the future which is unknown every day, week, month and year. 

We regularly use a quote attributed to Yogi Berra, “It’s difficult to make predictions, especially about the future.”  A super simple example was Friday.  Heathrow airport was closed due to a fire at a nearby electrical substation.  Nearly 1.000 flights were disrupted as planes had to land at alternate airports or return to the airport of origin. The SPX opened lower and traded in the red until the final half hour of the day.

Who told you on Thursday that Heathrow would be closed on Friday?  Who told you Friday morning with the SPX down 30 to 59 points that it would close up for the day?

No one.  Why?  Because the future is unknown, however it does deserve a thoughtful discussion.

Breadth was mixed as SPX advancers decreased, while NDX advancers increased.    VIX -.52 fell and mega cap advancers increased.  Net change advancing capital was higher.

The DJI, 41,985 +0.08%, opened lower, reversed and closed higher.  NDX +0.39% opened lower, reversed, formed a bullish engulfing candle.

TSLA +12.45, +5.27%, bounced to short-term resistance on above average volume.

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

SPY up .18 at 563.98, 83.7 million shares, above average volume, declared 1.696 dividend

VIX down .52 at 19.28

QQQ up 1.58 at 480.80

BA, AAPL, MSFT, JPM led the DJIA, 14 advancers, +1

SMCI, TSLA, PLTR, DLTR, ULTA led the SPX, 152 advancers,

TSLA, PLTR, ODFL, APP, ABNB, AAPL led the NDX, 46 advancers

Up: QQQ, DIA, SPY,

Down: IWM,

The SPY MFC green line pointed up to 24 and is short-term bullish. +0.4.

Three of eleven sectors were higher on Friday, led by XLC, XLY and XLK. 

Uptrend sectors: XLC, XLF,

Neutral sectors: XLV, XLP, XLY, XLI, XLU, XLRE, XLE,

Down trend sectors: XLK, XLB,

The 6-month intermediate trend is sideways.  The ten-day trend is down.

3-month Intermediate Term Market Trend:  Down

3-day Short Term Market Trend:  Sideways

46 of 100 NDX stocks closed higher on Friday.

27 NDX stocks are above their 30 DMA: CDW, ISRG, AEP, EXC, AMGN, VRTX, MDLZ, MNST, EA, KDP, PDD, INTC, CMCSA, CSGP, INTU, ORLY, CCEP, FANG, AMD, MSTR, TTWO, WBD, ZS, CHTR, HON, CDNS, MELI,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

CDNS, MELI,

Moving Below 30 DMA = 7

ASML, AZN, BIIB, BKR, FAST, MU, XEL,

Add Comments here: