Friday, May 9, 2025

SPX Closed Lower, NDX Near Flat on Expiration Friday...Energy, Real Estate, Consumer Discretionary Lead Sectors...


© 2025


SPX -4.03, 5,659, traded in a range on expiration Friday, formed an inside day and a red spinning top near short-term horizontal resistance.    The DJI, 41,249 -0.29%, closed lower and NDX -0.01% closed near unchanged. 

Breadth weakened.  However net change advancing capital was greater than net change declining capital due primarily to large volume buying in TSLA

TSLA +13.44, +4.72%, closed higher.


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


SPY down 0.72 at 564.34, 37.6 million shares, below average volume
VIX down .58 at 21.90,
QQQ down 0.32 at 487.97

BA, MMM, CVS, GS led the DJIA, 13 advancers, -7
PODD, MCHP, SOLV, FSLR led the SPX, 241 advancers,
TTD, MCHP, TSLA, TXN led the NDX, 39 advancers,


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

The SPY MFC green line is pointed up at 86.4 and is short-term bullish. +0.5

Six of eleven sectors were higher on Friday, led by XLE XLRE and XLY. 

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

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

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


39 of 100 NDX stocks closed higher on Friday.

75 NDX stocks are above their 30 DMA: CPRT, CCEP, COST, CRWD, CTAS, MNST, PLTR, ROST, EA, MSTR, MELI, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, INTU, ZS, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DDOG, DXCM, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, PANW, SNPS, TSLA, TTD, WDAY, CHTR, PYPL, CDW, ADBE, HON, NVDA, PAYX, VRSK, XEL, ADP, AMD, CTSH, GFS, AMZN, APP, CSCO, META, MU, NXPI, PDD, ROP, ON, CSX, GEHC, LULU, QCOM, TXN, INTC, LIN, MRVL, ODFL, WBD, DASH, FANG,

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2
DASH, FANG,  


Moving Below 30 DMA = 3
FAST, MDLZ, PCAR,



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