RUT Led DJI, SPX, NDX as Each Closed Higher...Basic Materials, Health Care, Consumer Discretionary Led All Sectors Higher...Watching for Potential Support Bounce on Monday...

© 2025

SPX +64.23, 6,602, opened higher traded in a range, closed higher and formed a bullish harami white candle. Breadth strengthened on Friday with advancers and net change capital highly positive. All eleven sectors were higher.  The SPX closed above its October 10 and November 20 lows. 

NDX +0.77%, higher open higher close trading range, formed a bullish harami, broke November 20 support.

DJI, 46,245, +1.08%, opened higher, formed a white bullish harami, led by HD, AXP and SHW.

NVDA -1.76, -0.97%, opened slightly higher, traded in a range, closed lower.

AVGO -6.62, -1.91%, opened lower, closed lower.

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

SPY up +6.50 at 659.03, 123.9 million shares, above average volume.

VIX down -2.99 at 23.43,

QQQ up +4.40 at 590.07

HD, MRK, SHW, UNH led DJIA, 25 advancers, +17

ROST, ALGN, BLDR, DHI led SPX, 444 advancers,

ROST, ODFL, PCAR, GFS led NDX, 77 advancers.

Up: IWM, DIA, SPY, QQQ,

Down:

The SPY MFC green line is pointed down at 20.7, and price-action closed above the low on Oct 10 and Nov 20, formed a bullish harami and is neutral. -6.2   We are watching for a potential bounce above Friday’s bullish harami candle on Monday

All eleven sectors were higher on Friday led by XLB, XLV and XLY. 

Uptrend sectors: XLV, XLK, XLU, XLE, XLC, XLY, XLI,

Neutral sectors: XLF, XLRE,

Down trend sectors: XLB, XLP,

The 6-month intermediate trend breakout is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down a little

77 of 100 NDX stocks closed higher on Friday.

28 NDX stocks are above their 30 DMA: WBD, MRVL, AEP, AMGN, AAPL, GOOGL, ROST, CSCO, ISRG, BIIB, CTSH, REGN, IDXX, MAR, AZN, BKR, FANG, MNST, GILD, ORLY, GEHC, KDP, KHC, PCAR, VRTX, CCEP, INTU, SBUX,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 3

CCEP, INTU, SBUX,

Moving Below 30 DMA = 1

EA,

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SPX, NDX, DJI Close Lower after a Higher Open Following NVDA Record Revenues, EPS...Consumer Staples Led Sectors...

© 2025

SPX -103.40, 6,538, opened higher reversed lower. Breadth weakened on Thursday with net change capital highly negative positive. The SPX closed below its October 10 low. 

While selling volume was average for AAPL and above average for MSFT and NVDA, both AAPL 0.37% and MSFT 0.35% traded less than 1% of their outstanding shares while NVDA traded about 1.4% of its outstanding shares.  This indicates that the price action was more about buyers paying a lower price than it was a large percentage of shareholders selling.   

Higher open after NVDA record earnings, reversal to a lower close. The two-month intermediate trend is sideways at support which increases the probability of a move lower. The eight-week SPY trend is sideways.  The three- and six-month trends are still up.  Dave

NDX -2.38%, higher open lower close, high to close -4.6%, formed a large red engulfing candle, broke November 7 and November 18 support. 

DJI, 45,752, -0.84%, gapped up on the open reversed, closed lower bearish engulging, led by GS, MSFT and CAT.

NVDA -5.88, -3.15%, reported record EPS and revenues, gapped up at the open, reversed and sold off to close lower, reversing Wednesday’s gains.

AVGO -7.60, -2.14%, opened higher, reversed, closed lower.

ORCL -14.84, -6.58%, gapped higher, reversed closed lower back at intermediate term muti-month support.

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

SPY down -10.10 at 652.53, 164.4 million shares, above average volume.

VIX up +2.76 at 26.42,

QQQ down -14.20 at 585.67

WMT, TRV, PG, UNH led DJIA, 8 advancers, -5

WMT, REGN, GEHC, SOLV, ERIE led SPX, 149 advancers,

REGN, GEHC, KDP, PCAR led NDX, 12 advancers.

Up:  

Down: DIA, SPY, IWM, QQQ,

The SPY MFC green line is pointed down at 26.9, and price-action, reversed from a higher open to a lower close, below the support low of the November 7 hammer and is short-term bearish. -10.1   

One of eleven sectors was higher on Thursday led by XLP, XLRE and XLU. 

Uptrend sectors: XLV, XLK, XLU, XLE, XLC, XLY, XLI,

Neutral sectors: XLF, XLRE,

Down trend sectors: XLB, XLP,

The 6-month intermediate trend breakout is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down 

12 of 100 NDX stocks closed higher on Thursday.

26 NDX stocks are above their 30 DMA: WBD, MRVL, EA, AEP, AMGN, AAPL, GOOGL, ROST, CSCO, ISRG, BIIB, CTSH, REGN, IDXX, MAR, AZN, BKR, FANG, MNST, GILD, ORLY, GEHC, KDP, KHC, PCAR, VRTX,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

GEHC, KDP, KHC, PCAR, VRTX,

Moving Below 30 DMA = 6

AMAT, ASML, AVGO, DDOG, KLAC, MU,

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NDX, SPX, DJI Close Above Nov. 7 Low, VIX Falls...Technology, Financial, Industrial Led Sectors...NVDA Positive EPS Reaction on Record EPS Lifts Futures & Stocks in After-hours...

© 2025

SPX +24.84, 6,642, opened lower, traded in a range, closed higher, formed a bullish harami.  Breadth was mixed on Wednesday as advancers decreased on both exchanges, but net change capital turned positive. The SPX closed 11 points above the November 7 support low.    

SPY opened lower, traded in a range, reversed and closed slightly higher a channel bounce setup at short-term support. The chart continues to indicate that the intermediate up trend is more probable to continue.  The four-week SPY trend is sideways.  The three- and six-month trends are up.  Dave

NDX +0.56%, formed bullish harami at short-term support. 

DJI, 46,138, +0.10%, formed bullish harami, led by GS, CAT and SHW.

NVDA +5.16, +2.85%, reported record EPS and revenues, +9.48 in after-hours trading.

AVGO +13.92, +4.09%, move above the high of the low day at short-term support.

ORCL +5.04, +2.29%, bounced above the high of the following day at intermediate term muti-month support.

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

SPY up +2.55 at 662.63, 94.7 million shares, above average volume.

VIX down -1.03 at 23.66,

QQQ up +3.56 at 599.87

NVDA, SHW, CSCO, JPM led DJIA, 13 advancers, +2

MDT, WBD, KMX, VLO led SPX, 193 advancers,

CEG, AMAT, AVGO, IDXX led NDX, 44 advancers.

Up: QQQ, SPY, DIA,

Down: IWM,

The SPY MFC green line is pointed down at 37, and price-action closed above the support low of the November 7 hammer in its channel, below the high of the low day and is neutral. -11.2   After the close NVDA reported record EPS and revenues and a large number of stocks are up in after hours.  Expect price action entries above the high of the low day Thursday morning.

Five of eleven sectors were higher on Wednesday led by XLK, XLF and XLI. 

Uptrend sectors: XLV, XLK, XLU, XLE, XLC, XLY, XLI,

Neutral sectors: XLF, XLB, XLRE,

Down trend sectors: XLP,

The 6-month intermediate trend breakout is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down 

44 of 100 NDX stocks closed higher on Wednesday.

27 NDX stocks are above their 30 DMA: MU, WBD, MRVL, EA, AEP, AMGN, AAPL, GOOGL, ROST, CSCO, ISRG, BIIB, CTSH, REGN, IDXX, MAR, AZN, DDOG, BKR, FANG, MNST, GILD, AMAT, ASML, AVGO, KLAC, ORLY,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 5

AMAT, ASML, AVGO, KLAC, ORLY,

Moving Below 30 DMA = 6

CCEP, KDP, KHC, PEP, VRTX, XEL,

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RUT Rose as SPX, DJI, NDX Fell as VIX Rose for a Second Day...Energy, Health Care and Communication Services Led...NVDA, PANW Report EPS Wednesday AMC...

© 2025

SPX -55.09, 6,617, opened lower, sold off about 66 points, reversed and rallied 92 points from its low, just 5 point below Monday’s close, before rolling over to a lower close.  Breadth strengthened on Tuesday as advancers increased on both exchanges and indexes, but net change capital remained negative. The SPX closed 14 points below the November 7 support low.    

SPY opened lower, traded in a range on a weak day and closed below its November 7 hammer low. While the short-term is down the chart continues to indicate that the intermediate up trend is more probable to continue.  The four-week SPY trend is sideways.  The three- and six-month trends are up.  Dave

NDX –1.20%, closed below one week support of its November 7 low. 

DJI, 46,091, -1.07%, channel bounce down, led by HD, MSFT and AMZN.

NVDA -5.24, -2.81%, EPS on November 19 AMC.

AVGO -2.15, -0.63%, red spinning top at short-term support.

ORCL +0.63, +0.29%, at intermediate term muti-month support.

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

SPY down -5.59 at 660.08, 113.5 million shares, above average volume.

VIX up +2.31 at 24.69,

QQQ down -7.35 at 596.31

MRK, VZ, TRV, PG led DJIA, 11 advancers, +8

MDT, WBD, KMX, VLO led SPX, 255 advancers

MSTR, WBD, NFLX, PCAR led NDX, 43 advancers.

Up: IWM,

Down: SPY, DIA, QQQ,

The SPY MFC green line is pointed down at 48.2, and price-action closed below the support low of the November 7 hammer and is short-term bearish. -12.5

Six of eleven sectors were higher on Tuesday led by XLE, XLV and XLC. 

Uptrend sectors: XLV, XLK, XLU, XLE, XLC, XLY, XLI,

Neutral sectors: XLF, XLB, XLRE,

Down trend sectors: XLP,

The 6-month intermediate trend breakout is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down 

43 of 100 NDX stocks closed higher on Tuesday.

28 NDX stocks are above their 30 DMA: MU, WBD, MRVL, EA, AEP, AMGN, AAPL, GOOGL, ROST, CSCO, ISRG, BIIB, CTSH, REGN, IDXX, MAR, AZN, DDOG, BKR, CCEP, FANG, MNST, VRTX, GILD, PEP, XEL, KDP, KHC,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 2

KDP, KHC,

Moving Below 30 DMA = 6

AMAT, AMZN, CRWD, MDB, ORLY, SBUX,

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NDX, SPX, DJI Closed Lower as VIX Rose...Utilities Led as Sectors Fell...NVDA, PANW Report EPS Wednesday AMC...

© 2025

SPX -61.70, 6,672, opened lower, rallied for 30 minutes, turned positive before pulling back, rallied a second before rolling over to a lower close.  Breadth weakened on Monday as advancers and capital turned negative. The SPX rallied above the support low of the previous Friday’s hammer.    

SPY opened lower, traded in a range on a weak day and closed below the mid-section of the Oct 10 to Oct 29 range. The visual evidence continues to indicate that the intermediate up trend is more probable to continue.  The four-week SPY trend is sideways.  The three- and six-month trends are up.  Dave

NDX -0.83%, formed an inside day above one week support and Friday’s low. 

DJI, 46,590, -1.18%, bull flag setup, led by AXP, GS and IBM.

NVDA -3.57, -1.88%, EPS on November 19 AMC.

AVGO +0.19, +0.06%, inverted hammer at short-term support.

ORCL -2.99, -1.34%, at intermediate term muti-month support.

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

SPY down -6.26 at 665.67, 90.2 million shares, above average volume.

VIX up +2.55 at 22.38,

QQQ down -5.20 at 603.66

JNJ, AMGN, WMT, MRK led DJIA, 3 advancers, -7

GOOGL, WDC, EXPD, NEE led SPX, 95 advancers,

GOOGL, AEP, DASH, REGN led NDX, 23 advancers.

Up:

Down: QQQ, SPY, DIA, IWM,

The SPY MFC green line turned down at 60.7, and price-action closed above the support low of the previous Friday’s hammer and is short-term bullish. -8.5.  Short term posture will shift down if price moves below the November 7 low.

One of eleven sectors was higher on Monday led by XLU, XLV and XLC. 

Uptrend sectors: XLV, XLK, XLU, XLE, XLC, XLY, XLI,

Neutral sectors: XLF, XLB, XLRE,

Down trend sectors: XLP,

The 6-month intermediate trend breakout is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down 

23 of 100 NDX stocks closed higher on Monday.

32 NDX stocks are above their 30 DMA: MU, WBD, CRWD, MRVL, EA, AEP, AMGN, AAPL, GOOGL, ROST, CSCO, ISRG, BIIB, MDB, CTSH, AMZN, REGN, IDXX, MAR, AZN, DDOG, BKR, CCEP, FANG, MNST, SBUX, VRTX, GILD, ORLY, AMAT, PEP, XEL,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

AMAT, PEP, XEL,

Moving Below 30 DMA = 4

AMD, INTU, KDP, QCOM,

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RUT, NDX Led Friday's Reversal Bounce as SPX Closed Near Unchanged...Energy, Technology, Real Estate Led Sectors...NVDA Reports EPS on Tuesday...

© 2025

SPX -3.38, 6,734, opened lower and sold off for four minutes, reversed and trended up 98 points to the close.  Breadth strengthened on Friday, as advancers increased, but still trailed decliners. Advancing net change capital was larger than declining capital.  The SPX reversed Thursday overnight selloff and closed slightly lower but closed above the high of last Friday’s hammer.     

SPY opened lower, sold off for four minutes before reversing and closing near unchanged. The visual evidence continues to indicate that the intermediate trend is more probable to continue.  The four-week SPY trend is still up.  The three- and six-month trends are up.  Dave

NDX +0.06%, white candle bounces up from one week support. 

DJI, 47,147, -0.65%, bull flag setup, led by GS, UNH and AXP.

NVDA +3.31, 1.77%, EPS on November 19 AMC.

AVGO +2.48, 0.76%, at short term support.

ORCL +5.28, 2.43%, at intermediate term muti-month support.

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

SPY down -0.11 at 671.93, 96.8 million shares, above average volume.

VIX down -0.17 at 19.83,

QQQ up +0.46 at 608.86

NVDA, MSFT, CRM, CVX led DJIA, 10 advancers, +2

DASH, MU, WBD, DINO led SPX, 186 advancers,

DASH, MU, WBD, FANG led NDX, 40 advancers.

Up: IWM, QQQ,

Down: SPY, DIA,

The SPY MFC green line is pointed up at 69.2, and price-action closed above last Friday’s hammer and is short-term bullish. +0.5

Five of eleven sectors were higher on Friday led by XLE, XLK and XLRE. 

Uptrend sectors: XLK, XLV, XLY, XLI, XLC, XLU, XLF, XLE,

Neutral sectors: XLB, XLRE,

Down trend sectors: XLP,

The 6-month intermediate trend breakout is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down 

40 of 100 NDX stocks closed higher on Friday.

33 NDX stocks are above their 30 DMA: MU, WBD, CRWD, MRVL, EA, AEP, AMD, AMGN, AAPL, GOOGL, ROST, CSCO, ISRG, BIIB, MDB, QCOM, CTSH, AMZN, REGN, IDXX, MAR, AZN, DDOG, BKR, CCEP, FANG, MNST, SBUX, VRTX, GILD, KDP, INTU, ORLY,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

INTU, ORLY,

Moving Below 30 DMA = 5

ADI, KLAC, LRCX, NFLX, PDD,

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SPX, DJI, NDX Closed Lower on Above Average Volume as Price Action Reverses Monday's Bounce...Energy Led Sectors as 9 Sectors Moved Lower...TSLA, NVDA Led Selling...

© 2025

SPX -113.43, 6,737, the largest single-day pullback since Oct 10, closed below 6,800.  Breadth weakened on Thursday, as decliners increased for a third day with the second highest number of decliners in three months.  Essentially the SPX reversed Monday’s rally, closing just nine points above last Friday’s close and above the high of the low day.  Declining capital was multiples of advancing capital with more than 67% of that amount coming from TSLA, NVDA, PLTR and AMD.

SPY opened lower, sold off on above average volume and closed just above Friday’s hammer. Thursday’s selloff neutralized Monday’s bull flag bounce. The visual evidence continues to indicate that the intermediate trend is more probable to continue.  The four-week SPY trend is still up.  The three- and six-month trends are up.  Dave

NDX -2.05%, below the high of Friday’s hammer. 

DJI, 47,457, -1.65%, pullback from all-time closing high on Wednesday, led by GS, CAT and JPM.

NVDA -6.94, -3.58%, EPS on November 19 AMC.

AVGO -15.24, -4.29%, at short term support.

ORCL -9.42, -4.15%, closes at intermediate term muti-month support.

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

SPY down -11.34 at 672.04, 103.2 million shares, above average volume.

VIX up +2.49 at 20.00,

QQQ down -12.68 at 608.40

UNH, GS, CSCO, NKE led DJIA, 8 advancers, -13

AMD, ALB, UAL, CMG led SPX, 132 advancers,

AMD, ADI, CDW, CSCO led NDX, 23 advancers.

Up:  

Down: SPY, DIA, QQQ, IWM,

The SPY MFC green line is pointed up at 68.7, and price-action closed above last Friday’s hammer and is short-term bullish. +1.0

One of eleven sectors was higher and XLP was unchanged on Thursday led by XLE, XLP and XLV. 

Uptrend sectors: XLK, XLV, XLY, XLI, XLC, XLU, XLF, XLE,

Neutral sectors: XLB, XLRE,

Down trend sectors: XLP,

The 6-month intermediate trend breakout is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down 

23 of 100 NDX stocks closed higher on Thursday.

36 NDX stocks are above their 30 DMA: MU, LRCX, WBD, CRWD, MRVL, EA, AEP, AMD, AMGN, AAPL, GOOGL, KLAC, ROST, CSCO, ISRG, BIIB, MDB, QCOM, CTSH, PDD, AMZN, REGN, IDXX, MAR, AZN, DDOG, BKR, CCEP, FANG, MNST, SBUX, VRTX, GILD, ADI, KDP, NFLX,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 8

AMAT, ASML, AVGO, BKNG, MRVL, NVDA, PCAR, ZS,

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DJI a New All-time Closing High, SPX Closed Slightly Higher as NDX, RUT Closed Slightly Lower as House Vote Expected...Health Care, Financial, Basic Materials Led Sectors...

© 2025

SPX +4.31, 6,850, a very modest increase, closed above 6,800.  Breadth weakened on Wednesday, as decliners led advancers.  Advancing capital did increase primarily because of buying in AMD stock today, after AMD raised guidance at Tuesday’s analyst day presentation.  Government shutdown continued for the forty-third day but as many have expectations of potential House a vote on Wednesday. It does seem as if buyers are in a modest buying mode until a House vote occurs.

SPY opened higher, pulled back, bounced and made a small advance closing 38 cents higher in its bull flag bounce.  The visual evidence continues to indicate that the intermediate trend is more probable to continue.  Remember to make a higher low the trend must pull back from a higher high.  The four-week SPY trend is up.  The three- and six-month trends are up.  Dave

Earnings: There are 8 SPX earnings reports this week including CSCO on Wednesday and DIS, AMAT on Thursday. 

NDX -0.06%, pause for a second day after Monday’s bull flag bounce. 

DJI, 48,254, +0.68%, breakout to a new all-time closing high, led by GS, UNH and CAT.

NVDA +0.64, +0.33%, EPS on November 19 AMC..

AVGO +3.26, +0.93%, bull flag setup.

ORCL -9.16, -3.88%, channel bounce down.

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

SPY up +0.38 at 683.38, 61.4 million shares, below average volume.

VIX up +0.23 at 17.51,

QQQ down -0.49 at 621.08

UNH, GS, CSCO, NKE led DJIA, 21 advancers, -5

AMD, ALB, UAL, CMG led SPX, 294 advancers,

AMD, ADI, CDW, CSCO led NDX, 53 advancers.

Up: DIA, SPY,

Down: QQQ, IWM,

The SPY MFC green line is pointed up at 67.7, and price-action is short-term bullish. +3.1

Six of eleven sectors were higher on Wednesday led by XLV, XLF and XLB. 

Uptrend sectors: XLK, XLV, XLY, XLI, XLC, XLU, XLF, XLE,

Neutral sectors: XLB, XLRE,

Down trend sectors: XLP,

The 6-month intermediate trend breakout is up.  The ten-day trend is down a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

53 of 100 NDX stocks closed higher on Wednesday.

44 NDX stocks are above their 30 DMA: MU, LRCX, WBD, ZS, CRWD, AMAT, MRVL, EA, AEP, AMD, AMGN, AAPL, GOOGL, KLAC, ROST, CSCO, ISRG, BIIB, MDB, QCOM, CTSH, MRVL, PDD, AMZN, REGN, IDXX, MAR, PCAR, AZN, DDOG, BKR, CCEP, FANG, MNST, SBUX, AVGO, NVDA, VRTX, GILD, ADI, ASML, BKNG, KDP, NFLX,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 5

ADI, ASML, BKNG, KDP, NFLX,

Moving Below 30 DMA = 5

ODFL, PANW, PLTR, TEAM, XEL,

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