©
2025
SPX -68.25, 6,822,
closed
above 6,800 for the fourth time. Breadth
was negative on Thursday as declining capital increased significantly from
heavy selling in META. Government shutdown
continued for the thirtieth day. Apparently, politicians have prioritized their
political objectives over a fully functioning government.
It was intriguing
to watch the post earnings META and MSFT trading on Thursday with
the broad market lower and the number of advancers higher. Very similar to the atypical variance of
outcomes that we have observed in 2025 due to a variety of factors like DOGE,
tariffs, volatility, the middle east, the government shutdown and absence of data
releases in October.
The four-week
SPY trend is up notwithstanding Thursday’s pullback. The three- and six-month trends are up. Dave
Earnings:
ABBV AON CBOE CHD
CHTR CL CVX D FRT GWW LIN LYB TROW XOM report EPS before the open on Friday. BRK/B reports on Saturday.
Afterhours: AMZN +28.39,
+12.71%, AAPL +6.50, +2.39%, on
positive earning's reactions.
NDX -1.47%, bull
flag pullback.
DJI, 47,522, -0.23%, pause
day, led by MSFT, BA
and HON.
Post EPS: GOOGL +6.91, +2.52%, MSFT -15.79, -2.92%, META -85.20, -11.33%
NVDA -4.15, -2.00%, bull
flag pattern.
AVGO -9.51,
-2.46%, breakout test.
ORCL -18.41,
-6.69%, broke short and intermediate-term support.
Mega caps GOOGL, AAPL, BRK/B rose and TSM, NVDA, AVGO, MSFT, AMZN, TSLA, META fell on Thursday.
SPY down -7.56 at 679.83, 76.2 million shares, average volume.
VIX down -.01 at 16.91,
QQQ down -9.72 at 626.05
CSCO, CRM, DIS, JNJ led DJIA, 18 advancers, +11
CHRW, CAH, MRNA, FOXA led SPX, 233 advancers,
GFS, VRSK, MELI, GOOGL led NDX, 47 advancers.
Up:
Down: DIA, IWM, SPY, QQQ,
The SPY
MFC green line turned down at 91.2 and
price-action is short-term bullish. -3.3
Three
of eleven
sectors were higher for third day on Thursday led by XLRE, XLF and XLV.
Uptrend sectors: XLK, XLU, XLV, XLI,
XLC, XLY, 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 Trend: Down a little
47 of 100 NDX stocks closed higher on Thursday.
55 NDX stocks are above their 30
DMA: MU, INTC, PANW, ASML, LRCX,
DDOG, WBD, ZS, CRWD, AMAT, MRVL, XEL, EA, EXC, AEP, VRTX, AMD, AMGN, ARM, AZN, GILD,
PEP, AAPL, GOOGL, KLAC, ON, ROST, ABNB, CSCO, KDP, ISRG, MSFT, BIIB, GEHC, MDB,
QCOM, CTSH, DXCM, PCAR, TEAM, AVGO, CEG, MRVL, NVDA, PDD, PLTR, AMZN, AXON, REGN,
MELI, TSLA, BKR, CDW, CSX, GFS,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
CSX,
GFS,
Moving Below 30 DMA = 6
APP, FANG, HON,
META, PYPL, SBUX,
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