©
2025
SPX +27.25, 6,688, continued
a bull flag bounce today, five points short of its all-time closing high
of 6,693, Monday, September 22. Breadth was mixed and remained positive on Tuesday.
While
there is still time, it
appears that a government shutdown is likely to occur at midnight.
Another
bull flag bounce continuation in an uptrend.
Dave
NDX +0.28%, also a bull flag bounce continuation
in an uptrend.
DJI, 46,397, +0.18%, a bull flag bounce continuation led by
strength in AMGN, CAT and MRK.
NVDA +4.73, +2.60%, HBO
AVGO +2.01,
+0.61%, formed a hammer in extended bull flag price pattern.
ORCL -1.52,
-0.54%, moved lower for a sixth day, formed a hammer.
Mega caps NVDA, TSM, BRK/B, MSFT, AVGO, TSLA, AAPL rose and GOOGL, AMZN, META fell on Tuesday.
SPY up +2.50 at 666.18, 86.1 million shares, above average volume,
VIX up +.16 at 16.28
QQQ up +1.64 at 600.37
MRK, AMGN, NVDA, JNJ led DJIA, 20 advancers, +0
PFE,
MRK, DHR, TECH, CRL led SPX, 303 advancers,
WBD, AZN, AMGN, GEHC, NVDA led NDX, 53 advancers.
Up: SPY, QQQ, DIA, IWM,
Down:
The SPY
MFC green line turned up at 84.9,
price action is short-term
bullish. +1.7
Seven
of eleven
sectors were higher on Tuesday led by XLV, XLK and XLI.
Uptrend sectors: XLK, XLC, XLY, XLI,
XLF, XLE, XLU, XLV,
Neutral sectors: XLB, XLRE, XLP,
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
53 of 100 NDX stocks closed higher on Tuesday.
53 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, VRTX, AMD, BIIB, GEHC, NXPI,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 4
AMD, BIIB, GEHC, NXPI,
Moving Below 30 DMA = 5
ADBE, MAR, MELI,
PCAR, PYPL,
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1 comment:
“Goverment shutdowns” are now common and just noise and have little or no effect on the intermediate term trend. Maybe at most a short term fluctuation because there is no real economic impact.
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