Friday, October 24, 2025

NDX, DJI, SPX Each Make New All-time Closing High as VIX Falls Below 17...Technology, Utilities, Financial Led Sectors...GOOGL, META, MSFT, AAPL, AMZN Report EPS Next Week...


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SPX +53.25, 6,791, closed above 6,700 for the fourth time this week.  Breadth remained positive on Friday as advancers led decliners on both exchanges.  Government shutdown continued for the twenty-fourth day.


Technology led all sectors on Friday.  IBM, AMD, MU, FSLR and APP were among the top eleven gainers in the SPX.  The four-week SPY trend is up with Friday’s breakout to a new closing high.  The three- and six-month trends are up.  Dave

Earnings:
KDP RVTY report EPS before the open on MondayACGL ARE BRO CDNS CINF FFIV HIG NUE NXPI PFG UHS WELL WM report after market close.

Wednesday after the close GOOGL, META and MSFT report.
Thursday after the close AAPL and AMZN report.


NDX +1.04%, all-time closing high

DJI, 47,207, +1.01%, all-time closing high, led by GD, IBM and JPM.

NVDA +4.10, +2.25%, bull flag bounce.
AVGO +9.84, +2.86%, bull flag bounce.
ORCL +3.26, +1.16%, channel bounce continuation.


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


SPY up +5.49 at 677.25, 74.3 million shares, below average volume.
VIX down -.93 at 16.37,
QQQ up +6.52 at 617.10

IBM, GS, NVDA, JPM led DJIA, 19 advancers, +3
F, COIN, ALB, IBM led SPX, 255 advancers,
AMD, CEG, MU, APP led NDX, 56 advancers.

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

The SPY MFC green line is pointed up at 87.7 and is short-term bullish. +5.3

Six of eleven sectors were higher on Friday led by XLK, XLU and XLF. 

Uptrend sectorsXLK, 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 TrendUp


56 of 100 NDX stocks closed higher on Friday.

69 NDX stocks are above their 30 DMA: MNST, MU, INTC, PANW, ASML, LRCX, DDOG, WBD, ZS, CRWD, AMAT, FTNT, MRVL, CSX, XEL, EA, EXC, AEP, VRTX, AMD, AMGN, ARM, AZN, TTD, GILD, PEP, AAPL, GFS, GOOGL, KLAC, ON, ROST, ABNB, CSCO, KDP, CCEP, SBUX, ISRG, MSFT, BIIB, GEHC, LULU, MDB, QCOM, TRI, WDAY, ADBE, CTSH, DXCM, INTU, MAR, PCAR, TEAM, AVGO, CDW, CEG, FANG, HON, IDXX, MRVL, NVDA, PDD, PLTR, PYPL, AMZN, AXON, META, REGN, TTWO,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 5
AMZN, AXON, META, REGN, TTWO,


Moving Below 30 DMA = 4
ADI, BKR, COST, TSLA,



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