Tuesday, May 13, 2025

SPX, NDX Closed Higher...UNH Leads DJIA Lower...Technology, Energy, Consumer Discretionary Lead Sectors...


© 2025


SPX +42.36, 5,886, opened higher and continued to trend higher following a better-than-expected CPI report before the open.  CPI M/M 0.2% vs. 0.3% est. Y/Y 2.3% vs. 2.4% est., Core CPI M/M 0.2% vs. 0.3% est. Y/Y 2.8% vs. 2.8% est.   

The DJI, 42,140 -0.64%, closed lower primarily driven by a $67 drop in UNH which is approximately a 441 point drop in the DJIA.  The NDX +1.58% continued its 5-week up trend and is approximately 5% from its all-time high. 

Breadth weakened but remained primarily positive in advancers and advancing net change capital on Tuesday.

Tuesday Insight: Forecasters don’t know the future.  They are making estimates or guesses about the future.  As James Bullard said it in January 2023, “I would caution everyone that these kinds of things are a guess. A year from now we’re not exactly sure where the economy will be or where inflation will be.”

TSLA +15.69, +4.93%, closed higher.


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


SPY up 3.85 at 586.84, 67.8 million shares, below average volume
VIX down .17 at 18.22, lowest close since March 25
QQQ up 7.74 at 515.59

NVDA, CAT, BA, GS led the DJIA, 15 advancers, -9
FSLR, SMCI, PLTR, VST led the SPX, 240 advancers,
PLTR, APP, NVDA, MU led the NDX, 62 advancers,

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

The SPY MFC green line is pointed up at 92.5 and is short-term bullish. +3.3

Six of eleven sectors were higher on Tuesday, led by XLK, XLE and XLY. 

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

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

3-month Intermediate Term Market Trend:  Sideways
3-day Short Term Market Trend Up


62 of 100 NDX stocks closed higher on Tuesday.

83 NDX stocks are above their 30 DMA: CPRT, 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, 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, AAPL, BIIB, CMCSA, FAST, FTNT, GOOGL, PCAR, SBUX, TEAM, BKR,

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


Moving Below 30 DMA = 0



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