SPX, NDX All-time Closing High...RUT Makes 2025 High...Materials, Health Care, Consumer Discretionary Led Sectors...PPI Report Thursday BMO...

 

© 2025

SPX +20.82, 6,466, a breakout continuation trended to a new all-time closing high, Breadth was mixed and remained strong. 

Small-cap RUT +1.98%, finally joined the NDX and SPX by breaking out of its February 6 high to a new YTD closing high. Time to do a S&R Measuring technique for a potential price target!

DJI, 44,922 +1.04%, closed 132 points below its 2026 intra-day high on January 31, was led higher by strength in HD, SHW, UNH, V.

NDX +0.04%, lagged the other indexes but managed new all-time closing high. 

PPI Report is Thursday 8:30 am with a Y/Y 2.6% consensus.

NVDA -1.57, -0.86%, traded in a range and is an HBO setup.

AVGO -3.74, -1.20%, did a horizontal breakout test today.

UAL +1.32, +1.34%, extended it horizontal breakout on Wednesday.

Recent IPOs: AMBQ -7.17% FIG -6.24% and FLY -1.39%.

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

SPY up 2.20 at 644.89, all-time closing high, 60.0 million shares, below average volume,

VIX down .24 at 14.49, a 2025 YTD closing low.

QQQ up .29 at 580.34

UNH, GS, BA, AXP, HD led DJIA, 24 advancers, +2

UAL, DAL, APTV, BLDR led SPX, 416 advancers,

NXPI, ON, MCHP, INTC led NDX, 70 advancers,

Up: IWM, DIA, SPY, QQQ,

Down:

The SPY MFC green line is up at 90.2 and is short-term bullish. +3.1

Ten of eleven sectors, (XLP unchanged) were higher on Wednesday led by XLB, XLV and XLY.  

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

Neutral sectors: XLP, XLE, XLV, XLRE,

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

70 of 100 NDX stocks closed higher on Wednesday.

56 NDX stocks are above their 30 DMA: AVGO, MSFT, NVDA, AMD, CSX, DASH, GOOGL, AEP, SNPS, CDNS, FAST, PEP, ORLY, PLTR, XEL, PDD, BKR, CEG, EXC, ROST, TMUS, APP, AZN, CTAS, META, EA, VRTX, IDXX, MRVL, LIN, AAPL, COST, CSCO, TSLA, KDP, LRCX, MNST, GILD, MU, CPRT, KLAC, PCAR, REGN, SBUX, TTWO, ADI, ADP, AMAT, AMZN, ASML, BIIB, GEHC, KHC, INTC, NXPI, QCOM,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 11

ADI, ADP, AMAT, AMZN, ASML, BIIB, GEHC, KHC, INTC, NXPI, QCOM,

Moving Below 30 DMA = 2

AXON, NFLX,

Add Comments here: