SPX, NDX Close Lower, Give Backs Gains as Retaliatory Tariffs to Begin...Mega Caps Weaker...VIX at New Closing High...

© 2025

SPX -79.08, 4,982, opened higher, reportedly sold off after WH Press Secretary confirmed a 104% retaliatory tariff on China.  Apparently, it is still human nature to resist change and test another’s resolve to a proposition.

It’s wise counsel to be suspicious of those who feign an interest in your 401K when they can’t even balance their own budget.

Breadth weakened as exchange and index advancers decreased. Net change declining capital led in both the NDX and SPX.   The VIX +5.35 before reversing to reach a two-year closing high at 52.33.

The DJI, 37,645 -0.84%, opened higher and closed lower.  NDX -1.95% opened higher, reversed lower and formed a large red candle.

TSLA -11.43, -4.90%, fell to one-month support and is a potential break of support setup.

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

SPY down 7.90 at 496.48, 165.3 million shares, above average volume,

VIX up 5.35 at 52.33

QQQ down 7.63 at 416.06

UNH, TRV, JPM, BA led the DJIA, 5 advancers,

HUM, CVS, UNH, LMT, GD led the SPX, 68 advancers,

CEG, MELI, APP, AVGO led the NDX, 13 advancers

Up:

Down: DIA, SPY, QQQ, IWM,

The SPY MFC green line pointed down to 11.6 and is short-term bearish. -1.7.

All of eleven sectors were lower on Tuesday, least negative XLF, XLU and XLI. 

Uptrend sectors: 

Neutral sectors: XLF, XLP, XLU,

Down trend sectors: XLRE, XLE, XLC, XLY, XLI, XLV, XLK, XLB,

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

3-month Intermediate Term Market Trend:  Down

3-day Short Term Market Trend:  Down

13 of 100 NDX stocks closed higher on Tuesday.

2 NDX stocks are above their 30 DMA: EXC, CPRT,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

CPRT,

Moving Below 30 DMA = 1

MNST,

Add Comments here: