SPX, NDX Pause on Weak Semiconductor Stocks...DJI Make Intra-day High on Strength in UNH...Health Care, Real Estate, Communication Services Led Sectors...AMAT EPS Reaction Leads Semis/Tech Stocks Lower...

© 2025

SPX -18.74, 6,449, opened slightly higher, and reversed as AMAT’s -13% negative eps reaction pulled semiconductor and technology stocks lower.  Breadth strengthened but remained negative on Friday.

DJI, 44,946 +0.08%, intraday all-time new high, BO setup, was led higher by strength in UNH, CRM, AMGN.

NDX -0.51%, two-day bull flag. 

RUT -0.49%, a BO test after a YTD closing high two-day bull flag pattern.

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

AVGO -4.89, -1.57%, BO test.

TPR +5.05, +5.28%, bounced up on Friday and broke out of Thursday’s high after a gap down negative EPS reaction.

AMAT -26.48, -14.07%, a negative EPS reaction on lower guidance.

Recent IPOs: AMBQ +0.50%, FIG +4.08%, FLY -4.03% and BLSH -6.82%.

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

SPY down 1.51 at 643.44, 68.4 million shares, average volume,

VIX up .26 at 15.09

QQQ down 2.55 at 577.34

UNH, CRM, AMGN, MRK led DJIA, 13 advancers, +1

UNH, FSLR, ENPH, CNC, TPR led SPX, 206 advancers,

MDB, PDD, MELI, INTC led NDX, 57 advancers,

Up: DIA,

Down: SPY, QQQ, IWM,

The SPY MFC green line is flat at 93.5 and is short-term bullish. -0.23

Four of eleven sectors were higher, (XLB, XLE unchanged) on Friday led by XLV, XLRE and XLC. 

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 a little

57 of 100 NDX stocks closed higher on Friday.

49 NDX stocks are above their 30 DMA: AVGO, MSFT, NVDA, AMD, CSX, DASH, GOOGL, AEP, SNPS, CDNS, FAST, PEP, ORLY, PLTR, XEL, PDD, BKR, EXC, ROST, TMUS, APP, AZN, META, EA, VRTX, IDXX, MRVL, LIN, AAPL, COST, TSLA, KDP, MNST, GILD, MU, CPRT, PCAR, REGN, TTWO, AMZN, ASML, BIIB, KHC, INTC, NXPI, QCOM, NFLX, AMGN, MELI, 

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

AMGN, MELI,    

Moving Below 30 DMA = 6

ADI, CSCO, CTAS, KLAC, LRCX, SBUX,

Add Comments here: