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2025
SPX -33.25, 6,604, formed a hammer candle in a bull flag
price pattern. Because of the hammer we
are watching for a potential bounce entry on Friday. Breadth weakened on Thursday.
An
uptrend that pulled back for a third day formed a hammer in a bull flag pattern. Dave
NDX -0.43%, forms
a white body hammer in a 3-day bull flag pattern.
DJI, 45,947, -0. 83%, pulled
back for a third day, led by weakness in CAT, CRM and V.
NVDA +0.72, +0.41%, bounced in a channel.
AVGO -3.21,
-0.95%, formed a hammer in a bull flag price pattern.
ORCL -17.13,
-5.55%, moved lower after selling $18 billion in bonds on Wednesday
and Rothschild initiated coverage with Sell rating and a $175 price target.
Mega caps AAPL, NVDA rose and BRK/B,
GOOGL, MSFT, AMZN, AVGO, TSM, META, TSLA fell on Thursday.
SPY down -3.05 at 658.05, 89.3 million shares, above average volume,
VIX up +0.56 at 16.74
QQQ down -2.57 at 593.53
IBM, AAPL, CVX, CSCO led DJIA, 10 advancers, -1
INTC,
IBM, SNPS, ALB led SPX, 218 advancers,
INTC, MRVL, SNPS, CHTR led NDX, 33 advancers.
Up:
Down: DIA, QQQ, SPY, IWM,
The SPY
MFC green line is pointed down at 87.6 and is counter-trend
defensive. -4.0
One of eleven sectors was
higher on Thursday led by XLE, XLK and XLRE.
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: Down
33 of 100 NDX stocks closed higher on Thursday.
43 NDX stocks are above their 30
DMA: GOOGL, PDD, BKR, APP, AAPL,
MNST, MU, INTC, ADI, 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, BKNG, CHTR, CSCO, ORLY,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 4
BKNG, CHTR, CSCO, ORLY,
Moving Below 30 DMA = 10
ARM, CCEP, CDNS,
EXC, GFS, MCHP, META, MSFT, ON, REGN,
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