Wednesday, September 10, 2025

SPX, NDX All-time Closing High...ORCL Led SPX on Massive Positive EPS Reaction...Technology, Energy, Utilities Led Sectors...


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SPX +19.43, 6,532, higher open, traded in a range closed at an all-time closing high.  Breadth weakened on Wednesday.

NDX +0.04%, opened higher, traded in a range and closed at a new closing high by 23 cents.

DJI, 45,490, -0.48%, led by weakness in CRM, AMZN and AAPL.

NVDA +6.57, +3.85%, gapped up, closed higher and formed a white spinning top.
AVGO +32.90, +9.77%, gapped up, perhaps in sympathy with ORCL guidance, closed higher and formed a large white candle.   

ORCL +86.82, +35.95%, positive EPS reaction after EPS and Sales miss but with tens of billions of dollars in cloud infrastructure sales guidance over next five years.


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


SPY up 1.88 at 652.21, 78.0 million shares, above average volume,
VIX up .31 at 15.35
QQQ up 0.19 at 580.70

NVDA, CVX, CSCO, CA led DJIA, 9 advancers, -6
ORCL, AVGO, VST, APA led SPX, 201 advancers,
AVGO, ARM, CEG, NVDA led NDX, 31 advancers,

Up: SPY, QQQ,
Down: IWM, DIA,

The SPY MFC green line is up at 92.1 short-term bullish. +2.4

Five of eleven sectors were higher on Thursday led by XLK, XLE and XLU. 

Uptrend sectorsXLK, 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 TrendUp a little


31 of 100 NDX stocks closed higher on Wednesday.

41 NDX stocks are above their 30 DMA: GOOGL, ORLY, PDD, BKR, ROST, APP, AZN, VRTX, IDXX, AAPL, MNST, MU, CPRT, INTC, ADI, CMCSA, PANW, QCOM, TSLA, TTWO, NFLX, MDB, ADSK, AVGO, BIIB, ASML, AMZN, GEHC, LRCX, CDW, DDOG, KLAC, DASH, WBD, ZS, ARM, MRVL, TEAM, EA, PCAR, PLTR,

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
EA, PCAR, PLTR,


Moving Below 30 DMA = 8
ADBE, BKNG, CDNS, COST, GILD, MDLZ, META, WDAY,



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