©
2025
The
past two weeks have included a wide array of developments from FOMC meeting and
press conference, Mega Cap earnings from MSFT, META, AMZN, AAPL, Jobs
Report, ISM Services Index, multiple Fed speakers, government drama, US investment
from AAPL, more than 200 SPX earning releases and other national
and geopolitical developments.
These
developments coincided with a consolidation in the SPX that provided a bull
flag pull back last week and a symmetrical bounce this week and the return
to its Friday close two weeks ago.
SPX +49.45, 6,389, continued
its bull flag bounce, and ended just short of a new all-time closing high by .32 point. Breadth was stronger
on Friday.
NDX +0.95%, did
make a new all-time closing high.
DJI, 44,175 +0.47%, led
by strength in AAPL, UNH, V, AMGN.
_________________________________________________________________
Let me share
with you a secret that iBullyBear.com members know: Trade
what you see.
Here is the NOT secret… NOT what you
think, NOT what you feel, NOT what you hope, NOT what you
read and NOT what you hallucinate you know about the future.
Having helped train and answer questions for tens of
thousands of self-directed traders over the past 20 plus years, I’ve observed
first hand that many of those traders are trading their subjective thoughts and
feelings.
Did
you know that of
the 447,814,941 shares that traded in AAPL, AMZN, GOOG, GOOGL, META,
MSFT, NVDA and TSLA today, that not one of the institutional
traders knew what YOU were thinking? That’s right, NOT one institutional trader
knew!
Bottom
line: The
market is NOT going to do what you think because institutional traders
don’t know what you think. The market is
going to do what it is going to do, and you can see what it does on a chart. Trade
what you see.
________________________________________________________________
NVDA +1.93, +1.07%, rose
to horizontal resistance, ends with a new all-time high.
AVGO +1.21,
+0.40%, at horizontal resistance, closed at all-time high.
GILD +9.13, +8.28%, beat,
EPS $2.01 vs $1.94 Est., beat, Rev $7.082B
vs. $6.940B Est., positive EPS reaction.
Recent IPOs: AMBQ -3.26%, FIG
-0.17% and FLY
-16.87% each closed
lower.
Mega caps AAPL, GOOGL, TSLA, NVDA, META, BRK/B, AVGO, MSFT rose
and AMZN, TSM fell on Friday.
SPY down 4.93 at 637.18, bull flag continuation, 63.9 million shares, below average
volume,
VIX down 1.42 at 15.15
QQQ up 5.31 at 574.55
AAPL, CSCO, UNH, V led DJIA, 20 advancers, +6
GILD,
ALB, GEN, MNST led SPX, 294 advancers,
GILD, MNST, MU, APP led NDX, 64 advancers,
Up: QQQ, SPY, DIA, IWM,
Down:
The SPY
MFC green line turned up at 81.4, closed at a new all-time high by 8 cents and is short-term bullish. +5.9
Nine
of eleven
sectors were higher on Friday led by XLK, XLF and XLV.
Uptrend sectors: XLK, XLC, XLI, XLY,
XLU, XLF, XLB, XLRE,
Neutral sectors: XLP, XLE, XLV,
Down trend sectors:
The 6-month intermediate trend breakout is up. The ten-day trend
is sideways.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
64 of 100 NDX stocks closed higher on Friday.
45 NDX stocks are above their 30
DMA: AVGO, MSFT, NVDA, AMD,
CSX, DASH, CSGP, GOOGL, AEP, SNPS, CDNS, FAST, PEP, REGN, ORLY, PLTR, XEL,
PDD, BKR, CEG, ROST, TMUS, APP, AZN, CTAS, META, EA, VRTX, IDXX, MRVL, AXON,
LIN, AAPL, COST, CSCO, TSLA, KDP, KHC, LRCX, MNST, ADP, BIIB, GILD, KLAC, MU,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
ADP, BIIB, GILD, KLAC, MU,
Moving Below 30 DMA = 2
MDB,
TTD,
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