NDX, SPX, DJI New All-time Closing Highs as Breadth Strengthens...Technology, Industrials, Health Care Led Sectors...

© 2025

SPX +31.61, 6,631, a new all-time closing high.  Breadth was stronger on Thursday after the Fed lowered interest rates by 25 basis points Wednesday afternoon.

If you were surprised by Thursday’s trend continuation move after Wednesday’s trading range in SPY and QQQ, then you may be reading too much news (subjective narratives) like gyrate and mixed.  The trend was up on Wednesday and the trend closed higher on Thursday.  Dave

NDX +0.95%, closed above Wednesday’s red hammer at an all-time closing high.

DJI, 46,142 +0.27%, all-time closing high, led by strength in CAT, GS and NVDA.

NVDA +5.95, +3.49%, a channel bounce up signal.

AVGO -0.82, -0.24%, a bull flag price pattern setup.   

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

SPY up +3.08 at 662.26, 90.3 million shares, above average volume,

VIX down -.02 at 15.70

QQQ up +5.32 at 595.32

CAT, NVDA, IBM, AXP led DJIA, 14 advancers, -9

INTC, SNPS, CRWD, COIN, KLAC led SPX, 320 advancers,

INTC, SNPS, CRWD, AMAT led NDX, 59 advancers,

Up: IWM, QQQ, SPY, DIA,

Down:  

The SPY MFC green line is flat at 95.1 and is short-term bullish. -1.1

Seven of eleven sectors were higher and XLB was unchanged on Thursday led by XLK, XLI and XLV. 

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.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

59 of 100 NDX stocks closed higher on Thursday.

52 NDX stocks are above their 30 DMA: GOOGL, ORLY, PDD, BKR, APP, VRTX, AAPL, MNST, MU, INTC, ADI, PANW, QCOM, TSLA, TTWO, MDB, ADSK, AVGO, BIIB, ASML, AMZN, GEHC, LRCX, DDOG, KLAC, DASH, WBD, ZS, ARM, MRVL, TEAM, EA, PCAR, CRWD, CEG, PLTR, AMAT, BKNG, CDNS, FTNT, META, REGN, ADBE, CDW, MDLZ, MELI, ON, MCHP, WDAY, ABNB, AXON, CDNS, CSCO, CSGP, GFS, IDXX, MRVL, NXPI,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 9

ABNB, AXON, CDNS, CSCO, CSGP, GFS, IDXX, MRVL, NXPI,  

Moving Below 30 DMA = 10

BKNG, CCEP, CDW, CHTR, GEHC, LIN, NFLX, ORLY, PYPL, TEAM,

Add Comments here: