SPX, NDX New All-time Closing Highs...Communication Services, Materials, Consumer Discretionary Led Sectors...Earnings Reporting Ramp Up Tuesday Morning...

© 2025

SPX +8.81, 6,305, opened higher traded to a new intra-day high before an afternoon selloff that finished at a new all-time closing high.

NDX +0.50% a new all-time closing. 

DJI, 44,484 -0.04%, a bull flag bounce pauses for a second day.   

Breadth strengthened slightly on Monday.

TSLA -1.16, -0.35%, channel bounce pause, C-pattern, bounce continuation.

AVGO +4.87, +1.72%, all-time new closing high.

VZ +1.65, +4.04%, gap up channel bounce after a positive EPS reaction BMO.

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EPS Tuesday 23 SPX companies report: AVY, DGX, DHI, DHR, EFX, GM, GPC, HAL, IPG, IQV, IVZ, KEY, KO, LMT, MSCI, NOC, PCAR, PHM, PM, PNR, RTX, SHW, SYF BMO and 8 BKR, CB, COF, CSGP, ENPH, EQT, ISRG, TXN AMC.

Q2 First day reaction:

Positive: VZ, ROP, RF, SCHW, SNA, PEP, TRV, TSM, CTAS, CFG, JNJ, OMC, PGR, JBHT, PLD, C, FAST, = 16+1

Neutral: DPZ, MMC, PNC, GS, BAC, BK, JPM = 7

Negative: NFLX, SLB, MMM, AXP, TFC, HBAN, ELV, ABT, GE, USB, FITB, MTB, MS, WFC, BLK, STT = 16

Bold is > +5% or -5%

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

SPY up 1.19 at 628.77, all-time closing high, 63.3 million shares, below average volume

VIX up .24 at 16.65,

QQQ up 2.91 at 564.17

VZ, NKE, AMZN, HD led DJIA, 13 advancers, +2

VZ, HSY, DECK, TPR led SPX, 183 advancers,

ARM, ROST, GOOGL, QCOM led NDX, 59 advancers,

Up: QQQ, SPY, DIA,

Down: IWM,

The SPY MFC green line is flat at 93.1 and is short-term bullish. -0.5

Six of eleven sectors were higher on Monday led by XLC, XLB and XLY.

Uptrend sectors: XLK, XLC, XLI, XLY, XLU, XLF, XLB,

Neutral sectors: XLRE, XLP, XLE, XLV,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

57 of 100 NDX stocks closed higher on Monday.

65 NDX stocks are above their 30 DMA: ADI, AMAT, AVGO, DDOG, KLAC, LRCX, MCHP, MSFT, NVDA, AMD, AMZN, CSCO, ON, CSX, TXN, WBD, DASH, NXPI, CSGP, GFS, BKNG, GEHC, MAR, ANSS, GOOGL, AEP, HON, SNPS, CDNS, FAST, PEP, AAPL, CCEP, ABNB, AMGN, TTD, VRTX, MSTR, REGN, ORLY, PLTR, PDD, KHC, XEL, ARM, FTNT, MDB, PDD, TSLA, APP, BKR, CTAS, KDP, MDLZ, PYPL, CEG, MRVL, DXCM, EA, LIN, META, PANW, QCOM, ROST, TMUS,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 8

DXCM, EA, LIN, META, PANW, QCOM, ROST, TMUS,

Moving Below 30 DMA = 2

CDW, SBUX,

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SPX, NDX Reach All-time Intraday High, Close Fractionally Lower...Utilities, Consumer Discretionary, Real Estate Led Sectors...

© 2025

SPX -0.57, 6,297, opened higher after better-than-expected Monthly Housing Starts and Permits reports.

NDX -0.07% an intra-day all-time high prior to a slight pullback. 

DJI, 44,484 -0.32%, a bull flag bounce pause day.   

Breadth weakened on Friday.

TSLA +10.24, +3.21%, channel bounce, C-pattern, bounce continuation.

AVGO -3.11, -1.09%, trading range spinning top.

RF +1.50, +6.12%, gap up horizontal breakout after a positive EPS reaction BMO.

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EPS Monday 3 SPX companies report including DPZ, ROP, VZ BMO and ARE, NXPI, STLD, WRB AMC.

Q2 First day reaction:

Positive: RF, SCHW, SNA, PEP, TRV, TSM, CTAS, CFG, JNJ, OMC, PGR, JBHT, PLD, C, FAST, = 14

Neutral: MMC, PNC, GS, BAC, BK, JPM = 6

Negative: NFLX, SLB, MMM, AXP, TFC, HBAN, ELV, ABT, GE, USB, FITB, MTB, MS, WFC, BLK, STT = 16

Bold is > +5% or -5%

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

TRV, IBM, AMZN, CRM led DJIA, 11 advancers, -10

IVZ, RF, VST, DELL led SPX, 255 advancers,

CEG, MRVL, TSLA, MELI led NDX, 51 advancers,

Up:

Down: SPY, QQQ, DIA, IWM,

The SPY MFC green line is up at 93.6 and is short-term bullish. +0.5

Five of eleven sectors were higher on Friday led by XLU, XLY and XLRE.

Uptrend sectors: XLK, XLC, XLI, XLY, XLU, XLF, XLB,

Neutral sectors: XLRE, XLP, XLE, XLV,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

51 of 100 NDX stocks closed higher on Friday.

59 NDX stocks are above their 30 DMA: ADI, AMAT, AVGO, DDOG, KLAC, LRCX, MCHP, MSFT, NVDA, AMD, AMZN, CSCO, ON, CSX, TXN, WBD, DASH, SBUX, NXPI, CSGP, GFS, BKNG, GEHC, MAR, ANSS, GOOGL, AEP, HON, SNPS, CDNS, FAST, PEP, AAPL, CCEP, ABNB, AMGN, TTD, VRTX, MSTR, REGN, ORLY, PLTR, PDD, KHC, XEL, ARM, FTNT, MDB, PDD, TSLA, APP, BKR, CDW, CTAS, KDP, MDLZ, PYPL, CEG, MRVL,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

CEG, MRVL,

Moving Below 30 DMA = 2

DXCM, NFLX,  

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SPX, NDX All-time Closing High...Financial, Consumer Staples, Industrials Led Sectors...

© 2025

SPX +33.66, 6,297, opened higher after better-than-expected Monthly Retail Sales and Jobless Claims reports and closed at new all-time high.

NDX +0.76% an all-time closing high. 

DJI, 44,484 +0.52%, a bull flag bounce nearing horizontal resistance break out to a new all-time high.   

Breadth strengthened on Thursday.

TSLA -0.13, -0.05%, channel bounce, C-pattern break out.

AVGO +5.64, +2.01%, trading range spinning top.

PEP +10.09, +7.45%, gap up reversal break out after a positive EPS reaction BMO.

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EPS Friday 7 SPX companies report including AXP, HBAN, MMM, RF, SCHW, SLB, TFC BMO.

Q2 First day reaction:

Positive: SNA, PEP, TRV, TSM, CTAS, CFG, JNJ, OMC, PGR, JBHT, PLD, C, FAST, = 12

Neutral: MMC, PNC, GS, BAC, BK, JPM = 6

Negative: ELV, ABT, GE, USB, FITB, MTB, MS, WFC, BLK, STT = 10

Bold is > +5% or -5%

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

SPY up 3.82 at 628.04, all-time high, 68.8 million shares, below average volume

VIX down .64 at 16.52,

QQQ up 4.51 at 561.80

TRV, DIS, KO, JPM led DJIA, 21 advancers, +2

SNA, ALB, PEP, ALLE led SPX, 372 advancers,

PEP, MDB, CSX, CTAS led NDX, 73 advancers,

Up: IWM, QQQ, DIA, SPY,

Down:

The SPY MFC green line is up at 93.1 and is short-term bullish. +0.2

Nine of eleven sectors were higher on Thursday led by XLF, XLP and XLI.

Uptrend sectors: XLK, XLC, XLI, XLY, XLU, XLF, XLB,

Neutral sectors: XLRE, XLP, XLE, XLV,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

73 of 100 NDX stocks closed higher on Thursday.

59 NDX stocks are above their 30 DMA: ADI, AMAT, AVGO, DDOG, KLAC, LRCX, MCHP, MSFT, NVDA, AMD, AMZN, CSCO, ON, CSX, TXN, WBD, DASH, SBUX, NXPI, CSGP, GFS, BKNG, GEHC, MAR, ANSS, GOOGL, AEP, HON, SNPS, CDNS, FAST, PEP, AAPL, CCEP, ABNB, AMGN, TTD, VRTX, MSTR, REGN, ORLY, PLTR, PDD, KHC, XEL, ARM, FTNT, MDB, PDD, TSLA, APP, BKR, CDW, CTAS, DXCM, KDP, MDLZ, NFLX, PYPL,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 9

APP, BKR, CDW, CTAS, DXCM, KDP, MDLZ, NFLX, PYPL,

Moving Below 30 DMA = 2

PCAR, TTWO,  

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SPX, NDX Closed Higher...Health Care, Real Estate, Financial Led Sectors...JNJ Leads DJI on Positive EPS Reaction...

© 2025

SPX +19.94, 6,263, opened higher after better-than-expected PPI report, pulled back and reversed to form a hammer.  Core PPI M/M 0.0% vs 0.2% estimate, Y/Y 2.6% vs 2.6% estimate. Headline PPI M/M 0.0% vs 0.2% estimate, Y/Y 2.3% vs 2.5% estimate.

NDX +0.10% a hammer. 

DJI, 44,254 +0.53%, hammer in a bull flag setup.   

Breadth strengthened significantly on Wednesday.

TSLA +10.89, +3.50%, channel bounce, C-pattern break out.

AVGO -0.13, -0.05%, trading range spinning top.

JNJ +9.61, +6.19%, gap up horizontal breakout after a positive EPS reaction BMO.

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EPS Thursday 12 SPX companies report including ABT, CFG, CTAS, ELV, FITB, GE, MMC, PEP, SNA, TRV, USB BMO and NFLX AMC.

Q2 First day reaction:

Positive: JNJ, OMC, PGR, JBHT, PLD, C, FAST, = 7

Neutral: PNC, GS, BAC, BK, JPM = 5

Negative: MTB, MS, WFC, BLK, STT = 5

Bold is > +5% or -5%

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

SPY up 2.08 at 624.22, 88.9 million shares, above average volume

VIX down .22 at 17.16,

QQQ up .57 at 557.29

JNJ, AMGN, CAT, MRK led DJIA, 19 advancers, +15

GPN, JNJ, APO, OMC led SPX, 343 advancers,

ARM, WBD, TSLA, MSTR led NDX, 58 advancers,

Up: IWM, DIA, SPY, QQQ,

Down:

The SPY MFC green line is flat at 92.9 and is short-term bullish. -0.8

Ten of eleven sectors were higher on Wednesday led by XLV, XLRE and XLF.

Uptrend sectors: XLK, XLC, XLI, XLY, XLU, XLF, XLB,

Neutral sectors: XLRE, XLP, XLE, XLV,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

58 of 100 NDX stocks closed higher on Wednesday.

52 NDX stocks are above their 30 DMA: ADI, AMAT, AVGO, DDOG, KLAC, LRCX, MCHP, MSFT, NVDA, AMD, AMZN, CSCO, ON, CSX, TXN, WBD, DASH, SBUX, NXPI, CSGP, GFS, BKNG, GEHC, MAR, PCAR, ANSS, GOOGL, AEP, HON, SNPS, CDNS, FAST, PEP, AAPL, CCEP, ABNB, AMGN, TTD, VRTX, MSTR, REGN, ORLY, PLTR, PDD, KHC, XEL, TTWO, ARM, FTNT, MDB, PDD, TSLA,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 1

TSLA,

Moving Below 30 DMA = 8

ASML, BKR, CEG, DXCM, META, MRVL, MU, NFLX,

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NDX closed Higher...Technology Led Sectors...Earnings Season Begins...C Horizontal Breakout...

© 2025

SPX -24.80, 6,243, opened higher after an inline CPI report, but reversed in the first 15 minutes and pulled back to close lower.  Core M/M 0.2% vs 0.3% estimate, Y/Y 2.9% vs 2.9% estimate. Headline CPI M/M 0.3% vs 0.3% estimate, Y/Y 2.7% vs 2.6% estimate.

This morning was the unofficial start to earnings season, with earnings from JPM, C, WFC, BK, BLK, STT.  All six reported EPS and Sales beats, but four of them closed lower.

The NDX +0.13% a gap up, pull back, higher close. 

The DJI, 44,023 -0.98%, a bull flag pull back.   

Breadth weakened significantly on Tuesday, however net change capital remained positive in NDX and DJI.

TSLA -6.39, -1.08%, channel pullback, C-pattern setup.

AVGO +5.34, +1.94%, Horizontal BO.

C +1.80, +4.16%, gap up horizontal breakout after a positive EPS reaction BMO.

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EPS Q2: Six SPX stocks reported: JPM, C, WFC, STT, BK, BLK,

28 more SPX companies report this week including BAC, GS, MS, UAL, GE, NFLX, AXP and SCHW on Wednesday through Friday.

First day reaction: Q2

Positive: C, FAST, = 2

Neutral: BK, JPM = 2

Negative: WFC, BLK, STT = 3

Bold is > +5% or -5%

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

SPY down 2.67 at 622.14, 74.1 million shares, above average volume

VIX up 0.18 at 17.38,

QQQ up .51 at 556.72

NVDA, MSFT, AMZN, AAPL led DJIA, 4 advancers, -13

SMCI, FSLR, AMD, AE, NVDA, C led SPX, 50 advancers,

TTD, AMD, NVDA, SNPS led NDX, 28 advancers,

Up: QQQ,

Down: SPY, DIA, IWM,

The SPY MFC green line is flat at 93.7 and is short-term bullish. +0.2

One of eleven sectors was higher on Tuesday led by XLK.

Uptrend sectors: XLK, XLC, XLI, XLY, XLU, XLF, XLB,

Neutral sectors: XLRE, XLP, XLE, XLV,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

28 of 100 NDX stocks closed higher on Tuesday.

59 NDX stocks are above their 30 DMA: CEG, ADI, AMAT, AVGO, DDOG, KLAC, LRCX, MCHP, MSFT, NVDA, AMD, AMZN, ASML, CSCO, META, MU, ON, CSX, TXN, MRVL, WBD, DASH, SBUX, NXPI, CSGP, GFS, BKNG, GEHC, MAR, PCAR, ANSS, GOOGL, AEP, BKR, HON, SNPS, CDNS, FAST, PEP, AAPL, CCEP, ABNB, AMGN, TTD, VRTX, MSTR, REGN, ORLY, PLTR, PDD, KHC, XEL, DXCM, NFLX, TTWO, ARM, FTNT, MDB, PDD,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 4

ARM, FTNT, MDB, PDD,

Moving Below 30 DMA = 13

AZN, BIIB, CDW, CHTR, CMCSA, EXC, GILD, IDXX, KDP, LIN, MDLZ, ODFL, PYPL,

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NDX, SPX Close Slightly Higher...Communications Services, Financial and Real Estate Led Sectors...Earnings Season Begins Tuesday BMO with EPS from JPM, C, WFC, BK, BLK, STT...CPI Report at 8:30 am ET...

 © 2025

SPX +8.81, 6,268, opened flat, continued in its 7-day trading range and closed slightly higher.  SPX seems to be waiting for the unofficial start to earnings season Tuesday morning BMO, with earnings from JPM, C, WFC, BK, BLK, STT and the CPI report at 8:30 am ET.  The trend would be likely to continue up if there are not negative surprises from the CPI and earnings.

The NDX +0.33% traded inside a 7-day range, formed a spinning top. 

The DJI, 44,459 +0.20%, 8-day trading range at Jan high, new high breakout setup. 

Breadth strengthened Monday.

TSLA +3.39, +1.08%, channel bounce continuation, C-pattern setup.

AVGO +1.22, +0.44%, HBO setup.

FAST +1.80, +4.16%, gap up after a positive EPS reaction BMO.

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

SPY up 1.19 at 624.81, 51.8 million shares, below average volume

VIX up 0.80 at 17.20,

QQQ up 2.01 at 556.21

BA, WMT, MMM, GS led DJIA, 17 advancers, +9

EQT, FTNT, GEN, EXE, PYPL led SPX, 385 advancers,

APP, ADSK, PLTR, FAST led NDX, 55 advancers,

Up: IWM, QQQ, DIA, SPY,

Down:

The SPY MFC green line moved up at 93.9 and is short-term bullish. +1.3

Seven of eleven sectors were higher on Monday led by XLC, XLF and XLRE.

Uptrend sectors: XLK, XLC, XLI, XLY, XLU, XLF, XLB,

Neutral sectors: XLRE, XLP, XLE, XLV,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

55 of 100 NDX stocks closed higher on Monday.

68 NDX stocks are above their 30 DMA: IDXX, CEG, ADI, AMAT, AVGO, DDOG, KLAC, LRCX, MCHP, MSFT, NVDA, AMD, AMZN, ASML, CSCO, META, MU, ON, CSX, TXN, MRVL, WBD, DASH, SBUX, NXPI, CSGP, GFS, BKNG, GEHC, MAR, PCAR, ANSS, GOOGL, AEP, BKR, HON, SNPS, CDNS, FAST, PEP, AAPL, CCEP, LIN, ABNB, AMGN, BIIB, KDP, ODFL, TTD, VRTX, MSTR, REGN, ORLY, PLTR, PDD, CDW, KHC, EXC, XEL, AZN, CHTR, CMCSA, DXCM, GILD, MDLZ, NFLX, PYPL, TTWO,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 9

AZN, CHTR, CMCSA, DXCM, GILD, MDLZ, NFLX, PYPL, TTWO,

Moving Below 30 DMA = 4

ARM, FANG, PDD, QCOM,

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SPX, NDX Closed Lower as Weekly Momentum Slows...Energy, Consumer Discretionary Led Sectors...

© 2025

SPX -20.71, 6,260, opened lower traded in a range and closed slightly lower but above its open. 

You can see from the weekly SPX chart, after breaking out to a new high on June 27, last week had upward momentum and this week formed a doji closing today essentially where it opened on Monday. Through Friday, Wednesday’s bull flag bounce produced a +0.27% momentum bounce above the high of the following day on Tuesday.

The NDX -0.21% traded in a range forming a spinning top.  Weakness in TEAM, ADSK, PANW, ZS and CRWD continued from Thursday while selling weakness appeared in PYPL and GILD on Friday.

The DJI, 44,371 -0.63%, a pause day after a bull flag bounce on Wednesday.   

Breadth weakened Friday.

TSLA +3.64, +1.17%, channel bounce continuation.

AVGO -1.02, -0.37%, BO test pattern, HBO setup.

DAL -0.13, -0.23%, gap up pause after a positive EPS reaction. 

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

SPY down 2.20 at 623.62, 63.6 million shares, below average volume

VIX up 0.62 at 16.40,

QQQ down 1.25 at 554.20

UNH, AMZN, CVX, MCD led DJIA, 8 advancers, -12

HAL, CPB, VTR, ANET led SPX, 110 advancers,

MSTR, KHC, CEG, BKR led NDX, 25 advancers,

Up:

Down: QQQ, SPY, DIA, IWM,

The SPY MFC green line is flat at 92.6 and is short-term bullish. -1.1

Two of eleven sectors were higher on Friday led by XLE and XLY.

Uptrend sectors: XLK, XLC, XLI, XLY, XLU, XLF, XLB,

Neutral sectors: XLRE, XLP, XLE, XLV,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

25 of 100 NDX stocks closed higher on Friday.

63 NDX stocks are above their 30 DMA: IDXX, CEG, ADI, AMAT, ARM, AVGO, DDOG, KLAC, LRCX, MCHP, MSFT, SNPS, NVDA, AMD, AMZN, ASML, CSCO, META, MU, ON, CSX, TXN, MRVL, WBD, DASH, SBUX, QCOM, NXPI, CSGP, GFS, BKNG, GEHC, MAR, PCAR, ANSS, GOOGL, AEP, BKR, HON, SNPS, CDNS, FAST, PEP, AAPL, CCEP, LIN, ABNB, AMGN, BIIB, KDP, ODFL, TTD, VRTX, MSTR, REGN, ORLY, PLTR, PDD, CDW, KHC, EXC, FANG, XEL,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 9

AZN, CHTR, CMCSA, CRWD, DXCM, GILD, MDB, NFLX, PYPL,

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