Friday, October 3, 2025

DJI, RUT, SPX All-time Closing High...NDX Pause Day...Utilities, Health Care, Financials Led Sectors...


© 2025


SPX +0.44, 6,715, closed over 6,700 for the third time in three days, made an intra-day high of 6,750, barely made an all-time closing high after a mid-day selloff that correlated with Fed speakers Logan and Jefferson.  Breadth was mixed but strengthened on Friday.

Government shutdown continues for a third day.

An SPX and NDX pause day in a six-month in an uptrend.  Dave

NDX +0.43%, breakout test pullback day. 

DJI, 46,758, +0.51%, a new all-time closing high led by strength in GS, CAT and UNH.

Health Care, XLV +6.88% led all sectors this week by more than double the return.

NVDA -1.27, +0.67%, pullback test after Tuesday’s breakout.
AVGO +0.19, +0.06%, a black spinning top candle. 
ORCL -2.64, -0.91%, another spinning top candle.


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


SPY down .0.01 at 669.21, 70.4 million shares, average volume,
VIX up +.02 at 16.65
QQQ down -2.55 at 603.18

UNH, TRV, CAT, JNJ led DJIA, 21 advancers, +7
HUM, CNC, CI, EBAY led SPX, 322 advancers,
CHTR, FANG, BIIB, MU led NDX, 49 advancers.

Up: IWM, DIA,  
Down: SPY, QQQ,

The SPY MFC green line is pointed up at 94.2, price action is short-term bullish. +1.5

Eight of eleven sectors were higher on Friday led by XLU, XLV and XLF. 

Uptrend sectorsXLK, XLU, XLV, XLC, XLY, XLI, XLF, XLE,
Neutral sectors: XLB, XLRE,
Down trend sectors: XLP,

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


49 of 100 NDX stocks closed higher on Friday.

60 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, MELI, WDAY, MRVL, INTU, NVDA, CSX, FANG, XEL, ROST, CHTR, ORLY, ADBE, EA, EXC, GFS, MSFT, PCAR, AEP, CSCO, EA, VRTX, AMD, BIIB, GEHC, AMGN, ARM, AZN, MSTR, REGN, MAR, MCHP, NXPI, PYPL, SBUX, TTD, MDLZ,

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 1
MDLZ,


Moving Below 30 DMA = 0



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Thursday, October 2, 2025

NDX, DJI, SPX Closed at New all-time Closing High...Basic Materials, Technology, Industrials Led Sectors...


© 2025


SPX +4.15, 6,715, higher open trading range black candle, closed over 6,700 for the second time, inches to an all-time closing high.  Breadth weakened on Thursday.

Government shutdown continues for a second day.

A new all-time high in an uptrend.  Dave

NDX +0.37%, a new all-time closing high. 

DJI, 46,519, +0.17%, a new all-time closing high led by strength in CAT, UNH and CRM.

NVDA +1.65, +0.88%, spinning top on breakout continuation.
AVGO +4.79, +1.44%, a gap up black candle for a second close above the high of the low day on Tuesday. 
ORCL -0.23, -0.08%, a spinning top following Wednesday’s bullish engulfing candle.


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


SPY up +0.77 at 669.22, 56.5 million shares, below average volume,
VIX up +.34 at 16.63
QQQ up +2.48 at 605.73

CAT, MMM, BA, UNH led DJIA, 14 advancers, -1
FICO, COIN, XYZ, HOOD led SPX, 276 advancers,
MSTR, GFS, AMD, INTC led NDX, 66 advancers.

Up: IWM, QQQ, DIA, SPY,   
Down:

The SPY MFC green line is pointed up at 92.7, price action is short-term bullish. +4.7

Three of eleven sectors were higher on Thursday led by XLB, XLK and XLI. 

Uptrend sectorsXLK, 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 TrendUp


66 of 100 NDX stocks closed higher on Thursday.

59 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, MELI, WDAY, MRVL, INTU, NVDA, CSX, FANG, XEL, ROST, CHTR, ORLY, ADBE, EA, EXC, GFS, MSFT, PCAR, AEP, CSCO, EA, VRTX, AMD, BIIB, GEHC, AMGN, ARM, AZN, MSTR, REGN, MAR, MCHP, NXPI, PYPL, SBUX, TTD,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 6
MAR, MCHP, NXPI, PYPL, SBUX, TTD,


Moving Below 30 DMA = 3
CCEP, FAST, MDLZ,



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Wednesday, October 1, 2025

NDX, SPX, DJI New All-time Closing High...SPX Closed Above 6,700 for First Time...Health Care Led Sectors for Second Day...


© 2025


SPX +22.74, 6,711, after a lower open, reverses and closed over 6,700 for the first time at an all-time closing high.  Breadth weakened on Wednesday.

Congress chooses to play politics and fails to get continuing resolution funding bill complete, and a government shutdown began at midnight.

A new all-time high in an uptrend.  Dave

NDX +0.49%, a new all-time closing high. 

DJI, 46,441, +0.09%, a new all-time closing high led by strength in AMGN, V and MRK.

NVDA +0.66, +0.35%, breakout continuation.
AVGO +3.48, +1.05%, bullish engulfing a hammer bounce in extended bull flag price pattern. 
ORCL +7.77, +2.76%, bullish engulfing a hammer, above the high of the low day.


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


SPY up +2.27 at 668.48, 72.3 million shares, average volume,
VIX up +.01 at 16.29
QQQ up +2.88 at 603.25

MRK, AMGN, NVDA, JNJ led DJIA, 15 advancers, -5
PFE, MRK, DHR, TECH, CRL led SPX, 219 advancers,
WBD, AZN, AMGN, GEHC, NVDA led NDX, 49 advancers.

Up: QQQ, SPY, IWM, DIA,   
Down:

The SPY MFC green line is pointed up at 88.0, price action is short-term bullish. +3.1

Four of eleven sectors were higher and two unchanged XLE, XLRE, on Wednesday led by XLV, XLK and XLU. 

Uptrend sectorsXLK, 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 TrendUp


49 of 100 NDX stocks closed higher on Wednesday.

56 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, GFS, MSFT, PCAR, AEP, CSCO, EA, VRTX, AMD, BIIB, GEHC, AMGN, ARM, AZN, MSTR, REGN,  

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 5
AMGN, ARM, AZN, MSTR, REGN,  


Moving Below 30 DMA = 2
FAST, NXPI,



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