Monday, October 6, 2025

NDX, RUT, SPX New All-time Closing High after AMD, OpenAI Announcement ...Technology, Utilities, Consumer Discretionary Led Sectors...


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SPX +24.49, 6,740, closed over 6,700 for the fourth time, made an all-time closing high after a collaboration deal was announced before the open between AMD and OpenAI that lifted semiconductor and technology stocks.  Breadth was mixed but strengthened on Monday.  Government shutdown continues for a sixth day.

All-time highs in NDX, RUT and SPX.  Dave

NDX +0.78%, re-breakout all-time closing high. 

DJI, 46,694, -0.14%, a pause day led by weakness in SHW, HD and MCD.

NVDA -2.08, +1.11%, breakout test, two-day bull flag.
AVGO -2.64, -0.91%, inverted hammer candle. 
ORCL +5.45, +1.90%, doji candle.


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


SPY up +2.40 at 671.61, 54.5 million shares, below average volume,
VIX down .0.28 at 16.37
QQQ up +4.53 at 607.71

CRM, MSFT, BA, CSCO led DJIA, 12 advancers, -9
AMD, TSLA, SMCI, ALB, HUM led SPX, 241 advancers,
AMD, TSLA, DASH, PLTR led NDX, 59 advancers.

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

The SPY MFC green line is pointed up at 95.7, price action is short-term bullish. +1.5

Six of eleven sectors were higher on Monday led by XLK, XLU and XLY. 

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 a little.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendUp a little


59 of 100 NDX stocks closed higher on Monday.

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, NVDA, CSX, FANG, XEL, ROST, CHTR, ADBE, EA, EXC, GFS, MSFT, PCAR, AEP, CSCO, EA, VRTX, AMD, BIIB, GEHC, AMGN, ARM, AZN, MSTR, REGN, MAR, MCHP, NXPI, PYPL, TTD, CDNS, GILD, ON,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
CDNS, GILD, ON,


Moving Below 30 DMA = 3
INTU, MDLZ, SBUX,



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