Tuesday, May 6, 2025

SPX, NDX Close Lower...Utilities, Energy Lead Sectors...After-hours: Futures Job after News of Upcoming Meeting between U.S. and China...


© 2025


SPX -43.37, 5,606, opened lower, traded in a range, closed lower forming a doji.  The DJI, 40,829 -0.95%, and NDX -0.88% also closed lower. 

After-hours: News of a meeting between US and China later in the week, send futures sharply higher when the evening session began.

Breadth weakened in the indexes as decliners led advancers. Net change declining capital was more than eight times larger than net change advancing capital.

TSLA -4.91, -1.75%, closed lower.

Tuesday session insight: A margin of safety should be implemented in your trading skill set, your TA skill set, your options trading, in all parts of your trading process.


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


SPY down 4.71 at 558.80, 46.6 million shares, below average volume
VIX up 1.12 at 24.76,
QQQ down 4.52 at 481.41

VZ, MCD, CRM, PG led the DJIA, 8 advancers, -5
CEG, CE, LDOS, VST led the SPX, 139 advancers,
CEG, TTWO, TMUS, CHTR led the NDX, 28 advancers,

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

The SPY MFC green line is pointed up at 83.1 and is short-term bullish. +1.0

Two of eleven sectors were higher on Tuesday, led by XLU, XLE and XLC. 

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 Sideways


28 of 100 NDX stocks closed higher on Tuesday.

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

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 1
ON,


Moving Below 30 DMA = 8
CSX, FAST, GEHC, LIN, LULU, REGN, TXN, VRTX,



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