Thursday, March 6, 2025

SPX, NDX Closed Lower...Energy, Consumer Staples Lead Sectors...After-hours: AVGO Up on EPS Reaction...Jobs Report Friday Before the Open...


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SPX -104.11, 5,738, opened lower, traded in volatile downtrend, closing at a new 3-month low as tariff concerns persist.  Breadth weakened in exchange advancers, indexes and sectors. 

Jobs Report 8:30 am ET, before the market opens.

The DJI, 42,579, -0.99%, opened and closed lower, in range with Tuesday/Wednesday.  NDX -2.79% opened lower, closed lower near Tuesday’s low.

SMCI: -1.85, -4.76% opened lower, trading range, spinning top, closed near Tuesday’s S1 level.
TSLA -15.65, -5.61% opened lower, closed lower, formed a red candle.
ZS +5.71, +2.91%, MDB –71.15, -26.94, MRVL –17.86, -19.81%, on EPS reactions.

After-hours: AVGO +21.72, +12.06%, HPE –3.60, -20.04, COST –14.62, -1.42%, on EPS reactions.


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


SPY down 10.35 at 572.71, 79.9 million shares, above average volume
VIX up 2.94 at 24.87
QQQ down 13.81 at 488.20

VZ, UNH, CVX, MCD led the DJIA, 11 advancers, -13
MKTX, ADM, FAST, BG led the SPX, 165 advancers,
FAST, PCAR, ZS, BIIB led the NDX, 21 advancers

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

The SPY MFC green line is pointed down at 18.6 and is short-term bearish. –2.7.

Two of eleven sectors were higher on Thursday, led by XLE, XLP and XLV. 

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

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

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


21 of 100 NDX stocks closed higher on Thursday.

38 NDX stocks are above their 30 DMA: CDW, ISRG, AEP, EXC, PAYX, AMGN, MELI, AZN, LIN, GILD, ORLY, ROP, VRSK, VRTX, CCEP, COST, TMUS, CSCO, MDLZ, TTWO, KDP, MNST, WBD, ADI, MCHP, KHC, TXN, PEP, EA, INTU, CHTR, BIIB, CSGP, PDD, CMCSA, FAST, REGN, ZS,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 4
CMCSA, FAST, REGN, ZS,    


Moving Below 30 DMA = 10
ABNB, ADBE, ADP, ASML, BKNG, CTAS, DASH, FTNT, SBUX, XEL,



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