Tuesday, December 2, 2025

NDX, DJI, SPX Closed Higher as Breadth Strengthens and VIX Closed Lower...Technology, Industrials, Communication Services Led Sectors...


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SPX +16.74, 6,829, resumed last week’s upward momentum after Monday’s pause.  Breadth was mixed but strengthened from Monday as advancing capital was greater than declining capital and VIX moved lower.  The SPX is just 1.31% below its all-time high on October 29. 

NDX +0.84%, continued it channel bounce on Tuesday.
DJI, 47,474, +0.39%, closed lower, led by BA, CAT and GS.

NVDA +1.54, +0.86%, opened and closed higher.
AVGO -4.51, -1.17%, BO test forms bull flag.


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


SPY up +1.26 at 681.53, 62.7 million shares, below average volume.
VIX down -0.65 at 16.59,
QQQ up +4.83 at 622.00

BA, CAT, HON, CSCO led DJIA, 16 advancers, +7
BA, INTC, NXPI, MCHP, TER led SPX, 215 advancers,
MDB, INTC, NXPI, MCHP led NDX, 74 advancers.

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

The SPY MFC green line continues to point up at 74.9, and price-action is short-term bullish. +6.6  

Three of eleven sectors were higher on Tuesday led by XLK, XLI and XLC. 

Uptrend sectorsXLV, XLK, XLU, XLE, XLC, XLY, XLI,
Neutral sectors: XLF, XLRE, XLB,
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 a little


74 of 100 NDX stocks closed higher on Tuesday.

55 NDX stocks are above their 30 DMA: WBD, MRVL, AMGN, AAPL, GOOGL, ROST, CSCO, ISRG, BIIB, CTSH, REGN, IDXX, MAR, AZN, BKR, FANG, MNST, GILD, ORLY, GEHC, KHC, PCAR, VRTX, ADI, AMAT, AVGO, EA, GFS, MU, CCEP, LULU, SBUX, ADSK, ASML, KDP, LRCX, MRVL, ON, PEP, TXN, VRSK, AMZN, APP, DXCM, INTC, ODFL, SNPS, TTWO, BKNG, CEG, COST, FTNT, KLAC, MDB, NXPI,

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 7
BKNG, CEG, COST, FTNT, KLAC, MDB, NXPI,


Moving Below 30 DMA = 1
AEP,   


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