Monday, October 13, 2025

RUT, NDX, SPX, DJI Rally, Form Bullish Harami Candle...Technology, Consumer Discretionary, Basic Materials Led Sectors...


© 2025


SPX +102.21, 6,554, gapped higher after the President posted regarding China “it will be all fine!”  Breadth strengthened on Monday.  Government shutdown continued for a thirteenth day.

A large rally day as NDX and SPX regain more than 50% of Friday’s pullback and form a bullish harami candle pattern.  Dave

NDX +2.18%, bounce up from support formed bullish harami. 

DJI, 46,067, +1.29%, bounced up from support, formed bullish harami candle, led by strength in GS, CAT and JPM.

NVDA +5.16, +2.82%, bounces after breakout test.
AVGO +32.07, +9.88%, rallies after OpenAI deal. 
ORCL +15.05, +5.14%, continues channel bounce BO of grinder.


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


SPY up +10.02 at 663.04, 79.5 million shares, above average volume
VIX up down -2.63 at 19.03
QQQ +12.51 at 602.01

NKE, GS, CRM, NVDA led DJIA, 22 advancers, +19
BBY, AVGO, ON, GEV led SPX, 78 advancers,
ARM, AVGO, ON, MCHP led NDX, 77 advancers.

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

The SPY MFC green line turned down at 80.1, price action moves above the high of the low day and is short-term bullish. -5.1

Nine of eleven sectors were higher on Monday led by XLK, XLY and XLB. 

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 sideways.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendDown


77 of 100 NDX stocks closed higher on Monday.

46 NDX stocks are above their 30 DMA: MNST, MU, INTC, PANW, TSLA, TTWO, ASML, LRCX, DDOG, DASH, WBD, ZS, MRVL, CRWD, CEG, PLTR, AMAT, FTNT, MRVL, NVDA, CSX, XEL, EA, EXC, AEP, VRTX, AMD, BIIB, AMGN, ARM, AZN, PYPL, TTD, GILD, NFLX, PEP, AAPL, AVGO, GFS, GOOGL, KLAC, MSFT, ON, ROP, ROST, WDAY,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 10
AAPL, AVGO, GFS, GOOGL, KLAC, MSFT, ON, ROP, ROST, WDAY,


Moving Below 30 DMA = 0




Add Comments here: 

No comments: