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2025
SPX +17.51, 6,661, continued
a bull flag bounce today, short of its all-time closing high of 6,693, last Monday. Breadth was mixed on Monday.
A
bull flag bounce continuation in an uptrend.
Dave
NDX +0.45%, also a bull flag bounce in an
uptrend.
DJI, 46,316, +0.15%, a bull flag bounce led by strength in CAT,
NVDA and MSFT.
NVDA +3.66, +2.05%, support
bounce, HBO setup.
AVGO -6.63,
-1.98%, extended bull flag price pattern.
ORCL -7.87,
-2.70%, moved lower for a fifth day and below short term support.
Mega caps NVDA, MSFT, TSLA, AMZN rose and TSM, META, BRK/B, AAPL, AVGO fell on Monday.
SPY up +1.86 at 663.68, 73.4 million shares, above average volume,
VIX up +.83 at 16.12
QQQ up +2.76 at 598.73
NVDA, CAT, DIS, AMZN led DJIA, 20 advancers, -4
HOOD,
WDC, COIN, APP led SPX, 306 advancers,
APP, MSTR, CSX, TTD led NDX, 63 advancers.
Up: QQQ, SPY, DIA, IWM,
Down:
The SPY
MFC green line is pointed down at 83.2 and due to a bull flag bounce, price action is short-term bullish. -1.9
Ten
of eleven
sectors were higher on Monday led by XLK, XLF and XLY.
Uptrend sectors: XLK, XLC, XLY, XLI,
XLF, XLB, XLE, XLU,
Neutral sectors: XLP, XLV, XLRE,
Down trend sectors:
The 6-month intermediate trend breakout is up. The ten-day trend
is up
a little.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up a little
63 of 100 NDX stocks closed higher on Monday.
54 NDX stocks are above their 30
DMA: GOOGL, PDD, BKR, APP, AAPL,
MNST, MU, INTC, PANW, QCOM, TSLA, TTWO, MDB, ADSK, AVGO, ASML, LRCX, DDOG,
KLAC, DASH, WBD, ZS, MRVL, CRWD, CEG, PLTR, AMAT, FTNT, MDLZ, MELI, WDAY, MRVL,
INTU, NVDA, CSX, FANG, XEL, ROST, CHTR, ORLY, ADBE, CCEP, EA, EXC, FAST, GFS, MSFT,
PCAR, AEP, CSCO, EA, MAR, PYPL, VRTX,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 6
AEP, CSCO, EA, MAR, PYPL, VRTX,
Moving Below 30 DMA = 2
ADI, ON,
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