SPX, NDX, DJI Near Unchanged on Light Volume Trading Range...Consumer Discretionary, Industrials, Technology Led Sectors...FOMC Minutes on Wednesday...

© 2025

SPX -0.65, 6,449, opened flat, traded in a range.  Breadth strengthened but remained mixed on Monday. 

NDX +0.01%, three-day bull flag. 

DJI, 44,911 -0.08%, trading range pause day, BO setup, drifted lower by weakness in SHW, HD, AMGN. 

RUT +0.35%, a three-day bull flag pattern.

NVDA +1.56, +0.86%, traded in a range and is an HBO setup.

AVGO -0.58, -0.19%, BO setup.

After-hours: PANW +8.90, +5.05%, a positive reaction on EPS, revenue beat and strong guidance.

FOMC minutes on Wednesday, Powell speaks Jackson Hole on Friday.

Recent IPOs: AMBQ +1.53%, FIG -4.10%, FLY +2.70%, and BLSH -8.87%.

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

SPY down .14 at 643.30, 43.7 million shares, below average volume,

VIX down 0.10 at 14.99

QQQ down 0.23 at 577.11

UNH, CAT, CSCO, DIS led DJIA, 16 advancers, +3

DAY, FSLR, EPAM, RCL led SPX, 231 advancers,

TTD, AXON, MDB, LULU led NDX, 49 advancers,

Up: IWM,

Down: SPY, QQQ, DIA,

The SPY MFC green line is up at 94.2 and is short-term bullish. +.7

Four of eleven sectors were higher on Monday led by XLY, XLI and XLK. 

Uptrend sectors: XLK, XLC, XLY, XLI, XLU, XLF, XLB,

Neutral sectors: XLP, XLE, XLV, XLRE,

Down trend sectors:

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 Trend: Sideways

49 of 100 NDX stocks closed higher on Monday.

48 NDX stocks are above their 30 DMA: AVGO, MSFT, NVDA, AMD, CSX, DASH, GOOGL, AEP, SNPS, CDNS, FAST, PEP, ORLY, PLTR, XEL, PDD, BKR, ROST, TMUS, APP, AZN, META, EA, VRTX, IDXX, MRVL, LIN, AAPL, COST, TSLA, KDP, MNST, GILD, MU, CPRT, PCAR, REGN, TTWO, AMZN, ASML, BIIB, INTC, NXPI, QCOM, NFLX, AXON, MDB, WDAY,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

AXON, MDB, WDAY,     

Moving Below 30 DMA = 4

AMGN, EXC, KHC, MELI,

Add Comments here: 

SPX, NDX Pause on Weak Semiconductor Stocks...DJI Make Intra-day High on Strength in UNH...Health Care, Real Estate, Communication Services Led Sectors...AMAT EPS Reaction Leads Semis/Tech Stocks Lower...

© 2025

SPX -18.74, 6,449, opened slightly higher, and reversed as AMAT’s -13% negative eps reaction pulled semiconductor and technology stocks lower.  Breadth strengthened but remained negative on Friday.

DJI, 44,946 +0.08%, intraday all-time new high, BO setup, was led higher by strength in UNH, CRM, AMGN.

NDX -0.51%, two-day bull flag. 

RUT -0.49%, a BO test after a YTD closing high two-day bull flag pattern.

NVDA -1.57, -0.86%, traded in a range and is an HBO setup.

AVGO -4.89, -1.57%, BO test.

TPR +5.05, +5.28%, bounced up on Friday and broke out of Thursday’s high after a gap down negative EPS reaction.

AMAT -26.48, -14.07%, a negative EPS reaction on lower guidance.

Recent IPOs: AMBQ +0.50%, FIG +4.08%, FLY -4.03% and BLSH -6.82%.

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

SPY down 1.51 at 643.44, 68.4 million shares, average volume,

VIX up .26 at 15.09

QQQ down 2.55 at 577.34

UNH, CRM, AMGN, MRK led DJIA, 13 advancers, +1

UNH, FSLR, ENPH, CNC, TPR led SPX, 206 advancers,

MDB, PDD, MELI, INTC led NDX, 57 advancers,

Up: DIA,

Down: SPY, QQQ, IWM,

The SPY MFC green line is flat at 93.5 and is short-term bullish. -0.23

Four of eleven sectors were higher, (XLB, XLE unchanged) on Friday led by XLV, XLRE and XLC. 

Uptrend sectors: XLK, XLC, XLY, XLI, XLU, XLF, XLB,

Neutral sectors: XLP, XLE, XLV, XLRE,

Down trend sectors:

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 Trend: Up a little

57 of 100 NDX stocks closed higher on Friday.

49 NDX stocks are above their 30 DMA: AVGO, MSFT, NVDA, AMD, CSX, DASH, GOOGL, AEP, SNPS, CDNS, FAST, PEP, ORLY, PLTR, XEL, PDD, BKR, EXC, ROST, TMUS, APP, AZN, META, EA, VRTX, IDXX, MRVL, LIN, AAPL, COST, TSLA, KDP, MNST, GILD, MU, CPRT, PCAR, REGN, TTWO, AMZN, ASML, BIIB, KHC, INTC, NXPI, QCOM, NFLX, AMGN, MELI, 

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

AMGN, MELI,    

Moving Below 30 DMA = 6

ADI, CSCO, CTAS, KLAC, LRCX, SBUX,

Add Comments here:

SPX Inches to Closing High after PPI Report Above Consensus...Breadth Weakens...Health Care, Financial, Communication Services Led Sectors...TPR Down on EPS Reaction...

© 2025

SPX +1.96, 6,468, opened lower after SP500 futures fell 35 points on a worse-than-expected PPI Report of Y/Y 3.3% vs 2.6% consensus and M/M 0.9% vs 0.2% consensus, and reversed to close slightly higher at an new all-time high.  Breadth weakened on Thursday.

RUT -1.24%, a BO test after a YTD closing high on Wednesday.

DJI, 44,911 -0.02%, pause day breakout setup, was led higher by strength in AMZN, MCD, CAT, JPM.

NDX -0.07%, pause day after a new high on Wednesday.  

NVDA +0.43, +0.24%, traded in a range and is an HBO setup.

AVGO +2.74, +0.69%, re-breakout today.

TPR -17.84, -15.71%, EPS $1.04 vs $1.02 est., Sales $1.723B vs 1.678B est., a negative EPS reaction.

Recent IPOs: AMBQ -1.43%, FIG -6.84%, FLY -2.80% and BLSH +9.75%.

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

SPY up .06 at 644.95, 59.2 million shares, below average volume,

VIX up .34 at 14.83

QQQ down .45 at 579.89

AMZN, MCD, JPM, CAT led DJIA, 12 advancers, -12

INTC, LLY, TPL, AMZN, VTRS led SPX, 142 advancers,

INTC, AMZN, NFLX, VRSK led NDX, 31 advancers,

Up: SPY,

Down: DIA, QQQ, IWM,

The SPY MFC green line is up at 93.8 and is short-term bullish. +3.6

Three of eleven sectors were higher on Thursday led by XLV, XLF and XLC. 

Uptrend sectors: XLK, XLC, XLY, XLI, XLU, XLF, XLB,

Neutral sectors: XLP, XLE, XLV, XLRE,

Down trend sectors:

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 Trend: Up

31 of 100 NDX stocks closed higher on Thursday.

53 NDX stocks are above their 30 DMA: AVGO, MSFT, NVDA, AMD, CSX, DASH, GOOGL, AEP, SNPS, CDNS, FAST, PEP, ORLY, PLTR, XEL, PDD, BKR, EXC, ROST, TMUS, APP, AZN, CTAS, META, EA, VRTX, IDXX, MRVL, LIN, AAPL, COST, CSCO, TSLA, KDP, LRCX, MNST, GILD, MU, CPRT, KLAC, PCAR, REGN, SBUX, TTWO, ADI, AMZN, ASML, BIIB, KHC, INTC, NXPI, QCOM, NFLX,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 1

NFLX,  

Moving Below 30 DMA = 4

ADP, AMAT, CEG, GEHC,

Add Comments here: 

SPX, NDX All-time Closing High...RUT Makes 2025 High...Materials, Health Care, Consumer Discretionary Led Sectors...PPI Report Thursday BMO...

 

© 2025

SPX +20.82, 6,466, a breakout continuation trended to a new all-time closing high, Breadth was mixed and remained strong. 

Small-cap RUT +1.98%, finally joined the NDX and SPX by breaking out of its February 6 high to a new YTD closing high. Time to do a S&R Measuring technique for a potential price target!

DJI, 44,922 +1.04%, closed 132 points below its 2026 intra-day high on January 31, was led higher by strength in HD, SHW, UNH, V.

NDX +0.04%, lagged the other indexes but managed new all-time closing high. 

PPI Report is Thursday 8:30 am with a Y/Y 2.6% consensus.

NVDA -1.57, -0.86%, traded in a range and is an HBO setup.

AVGO -3.74, -1.20%, did a horizontal breakout test today.

UAL +1.32, +1.34%, extended it horizontal breakout on Wednesday.

Recent IPOs: AMBQ -7.17% FIG -6.24% and FLY -1.39%.

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

SPY up 2.20 at 644.89, all-time closing high, 60.0 million shares, below average volume,

VIX down .24 at 14.49, a 2025 YTD closing low.

QQQ up .29 at 580.34

UNH, GS, BA, AXP, HD led DJIA, 24 advancers, +2

UAL, DAL, APTV, BLDR led SPX, 416 advancers,

NXPI, ON, MCHP, INTC led NDX, 70 advancers,

Up: IWM, DIA, SPY, QQQ,

Down:

The SPY MFC green line is up at 90.2 and is short-term bullish. +3.1

Ten of eleven sectors, (XLP unchanged) were higher on Wednesday led by XLB, XLV and XLY.  

Uptrend sectors: XLK, XLC, XLY, XLI, XLU, XLF, XLB,

Neutral sectors: XLP, XLE, XLV, XLRE,

Down trend sectors:

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 Trend: Up

70 of 100 NDX stocks closed higher on Wednesday.

56 NDX stocks are above their 30 DMA: AVGO, MSFT, NVDA, AMD, CSX, DASH, GOOGL, AEP, SNPS, CDNS, FAST, PEP, ORLY, PLTR, XEL, PDD, BKR, CEG, EXC, ROST, TMUS, APP, AZN, CTAS, META, EA, VRTX, IDXX, MRVL, LIN, AAPL, COST, CSCO, TSLA, KDP, LRCX, MNST, GILD, MU, CPRT, KLAC, PCAR, REGN, SBUX, TTWO, ADI, ADP, AMAT, AMZN, ASML, BIIB, GEHC, KHC, INTC, NXPI, QCOM,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 11

ADI, ADP, AMAT, AMZN, ASML, BIIB, GEHC, KHC, INTC, NXPI, QCOM,

Moving Below 30 DMA = 2

AXON, NFLX,

Add Comments here:

SPX, NDX New All-time Closing High...Bread Strengthened as Communication Services, Technology, and Materials Led all Sectors Higher...78% of Sectors Rose 1% +...UAL Leads SPX with 10% Rise...

© 2025

SPX +72.31, 6,445, broke out and trended to a new all-time closing high, after a better-than-expected headline CPI.  The CPI Report was Y/Y 2.7% vs a 2.8% consensus.

NDX +1.33%, made a new all-time closing high. 

DJI, 44,458 +1.10%, led by strength in GS, UNH, HD MSFT.

NVDA +1.10, +0.60%, traded in a range and is an HBO setup.

AVGO +8.93, +2.94%, horizontal breakout.

UAL +9.14, +10.23%, horizontal breakout.

Recent IPOs: AMBQ +13.49% FIG +5.89% and FLY -4.02%.

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

SPY up 6.77 at 642.69, horizontal breakout, 64.7 million shares, just below average volume,

VIX down 1.52 at 14.73

QQQ up 7.20 at 580.05

UNH, GS, BA, AXP, HD led DJIA, 22 advancers, +11

UAL, DAL, APTV, BLDR led SPX, 397 advancers,

NXPI, ON, MCHP, INTC led NDX, 79 advancers,

Up: IWM, QQQ, SPY, DIA,

Down:

The SPY MFC green line is up at 87.1 and is short-term bullish. +4.8

All eleven sectors were higher on Wednesday led by XLC, XLK and XLB.  78% of sectors were up 1% plus.

Uptrend sectors: XLK, XLC, XLY, XLI, XLU, XLF, XLB,

Neutral sectors: XLP, XLE, XLV, XLRE,

Down trend sectors:

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 Trend: Up

79 of 100 NDX stocks closed higher on Tuesday.

46 NDX stocks are above their 30 DMA: AVGO, MSFT, NVDA, AMD, CSX, DASH, GOOGL, AEP, SNPS, CDNS, FAST, PEP, ORLY, PLTR, XEL, PDD, BKR, CEG, ROST, TMUS, APP, AZN, CTAS, META, EA, VRTX, IDXX, MRVL, AXON, LIN, AAPL, COST, CSCO, TSLA, KDP, LRCX, MNST, GILD, MU, CPRT, KLAC, NFLX, PCAR, REGN, SBUX, TTWO,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 7

CPRT, KLAC, NFLX, PCAR, REGN, SBUX, TTWO,    

Moving Below 30 DMA = 1

CSGP,  

Add Comments here:

SPX, NDX Closed Slightly Lower on Lower Volume, Breadth Weakened Modestly...Communication Services, Consumer Discretionary, Health Care Led Sectors...CPI Report 8:30 am ET Tuesday....

© 2025

SPX -16.00, 6,373, paused in its bull flag bounce, and is an HBO setup.  Breadth was weaker on Monday.  The CPI Report will be out at 8:30 am, consensus Y/Y is 2.8% and Core Y/Y is 3.0%.

NDX -0.36%, made an intraday high before closing slightly lower. 

DJI, 43,975 -0.45%, led by weakness in CAT, CRM, IBM, BA.

NVDA -0.64, -0.35%, traded in a range is an HBO setup.

AVGO -1.07, -0.35%, HBO setup.

Recent IPOs: AMBQ -7.80%, FIG +5.62% and FLY +6.88% each closed lower.

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

SPY down 1.26 at 635.92, bull flag pause, BO setup, 58.7 million shares, below average volume,

VIX up 1.10 at 16.25

QQQ down 1.70 at 572.85

MMM, PG, SHW, UNH led DJIA, 11 advancers, -9

TKO, ALB, EA, MU led SPX, 176 advancers,

EA, MU, INTC, TSLA led NDX, 30 advancers,

Up:

Down: IWM, SPY, QQQ, DIA,

The SPY MFC green line is up at 82.3 and is short-term bullish. +0.9

Three of eleven sectors were higher on Monday led by XLC, XLY and XLV.

Uptrend sectors: XLK, XLC, XLI, XLY, XLU, XLF, XLB,

Neutral sectors: XLRE, XLP, XLE, XLV,

Down trend sectors:

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 Trend: Up a little

30 of 100 NDX stocks closed higher on Monday.

40 NDX stocks are above their 30 DMA: AVGO, MSFT, NVDA, AMD, CSX, DASH, CSGP, GOOGL, AEP, SNPS, CDNS, FAST, PEP, ORLY, PLTR, XEL, PDD, BKR, CEG, ROST, TMUS, APP, AZN, CTAS, META, EA, VRTX, IDXX, MRVL, AXON, LIN, AAPL, COST, CSCO, TSLA, KDP, LRCX, MNST, GILD, MU,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 5

ADP, BIIB, KHC, KLAC, REGN,

Add Comments here:

NDX All-time Closing High...SPX Returns to Recent High...Technology, Financial, Health Care Led Sectors...GILD Up on Positive EPS Reaction...

© 2025

The past two weeks have included a wide array of developments from FOMC meeting and press conference, Mega Cap earnings from MSFT, META, AMZN, AAPL, Jobs Report, ISM Services Index, multiple Fed speakers, government drama, US investment from AAPL, more than 200 SPX earning releases and other national and geopolitical developments.

These developments coincided with a consolidation in the SPX that provided a bull flag pull back last week and a symmetrical bounce this week and the return to its Friday close two weeks ago.

SPX +49.45, 6,389, continued its bull flag bounce, and ended just short of a new all-time closing high by .32 point.  Breadth was stronger on Friday. 

NDX +0.95%, did make a new all-time closing high. 

DJI, 44,175 +0.47%, led by strength in AAPL, UNH, V, AMGN.

_________________________________________________________________

Let me share with you a secret that iBullyBear.com members know:  Trade what you see. 

Here is the NOT secret… NOT what you think, NOT what you feel, NOT what you hope, NOT what you read and NOT what you hallucinate you know about the future.

Having helped train and answer questions for tens of thousands of self-directed traders over the past 20 plus years, I’ve observed first hand that many of those traders are trading their subjective thoughts and feelings.

Did you know that of the 447,814,941 shares that traded in AAPL, AMZN, GOOG, GOOGL, META, MSFT, NVDA and TSLA today, that not one of the institutional traders knew what YOU were thinking?  That’s right, NOT one institutional trader knew! 

Bottom line: The market is NOT going to do what you think because institutional traders don’t know what you think.  The market is going to do what it is going to do, and you can see what it does on a chart. Trade what you see. 

________________________________________________________________

NVDA +1.93, +1.07%, rose to horizontal resistance, ends with a new all-time high.

AVGO +1.21, +0.40%, at horizontal resistance, closed at all-time high.

GILD +9.13, +8.28%, beat, EPS $2.01 vs $1.94 Est., beat, Rev $7.082B vs. $6.940B Est., positive EPS reaction.

Recent IPOs: AMBQ -3.26%, FIG -0.17% and FLY -16.87% each closed lower.

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

SPY down 4.93 at 637.18, bull flag continuation, 63.9 million shares, below average volume,

VIX down 1.42 at 15.15

QQQ up 5.31 at 574.55

AAPL, CSCO, UNH, V led DJIA, 20 advancers, +6

GILD, ALB, GEN, MNST led SPX, 294 advancers,

GILD, MNST, MU, APP led NDX, 64 advancers,

Up: QQQ, SPY, DIA, IWM,

Down:

The SPY MFC green line turned up at 81.4, closed at a new all-time high by 8 cents and is short-term bullish. +5.9

Nine of eleven sectors were higher on Friday led by XLK, XLF and XLV.

Uptrend sectors: XLK, XLC, XLI, XLY, XLU, XLF, XLB, XLRE,

Neutral sectors: XLP, XLE, XLV,

Down trend sectors:

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 Trend: Up

64 of 100 NDX stocks closed higher on Friday.

45 NDX stocks are above their 30 DMA: AVGO, MSFT, NVDA, AMD, CSX, DASH, CSGP, GOOGL, AEP, SNPS, CDNS, FAST, PEP, REGN, ORLY, PLTR, XEL, PDD, BKR, CEG, ROST, TMUS, APP, AZN, CTAS, META, EA, VRTX, IDXX, MRVL, AXON, LIN, AAPL, COST, CSCO, TSLA, KDP, KHC, LRCX, MNST, ADP, BIIB, GILD, KLAC, MU,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 5

ADP, BIIB, GILD, KLAC, MU,    

Moving Below 30 DMA = 2

MDB, TTD,

Add Comments here: 

NDX New All-time Closing High, SPX Slightly Lower...Utilities, Consumer Staples, Materials Led Sectors...After-hours: EXPE Up on Positive EPS Reaction...

© 2025

SPX -5.06, 6,340, continued its bull flag bounce in a trading range candle that made a higher high and a higher low, before closing slightly on Thursday. 

Breadth was slightly weaker.  Exchange advancers and sectors were slightly lower.

NDX +0.32%, bull flag bounce continuation with a new all-time closing high.  Many market observers may have focused on the broad market pullback and not the new closing high. 

DJI, 43,968 -0.51%, led by weakness in CAT, CRM, V, GS.    

NVDA +1.35, +0.75%, bull flag bounce continuation.

AVGO +2.09, +0.69%, bull flag bounce continuation.

IPOs from last week AMBQ -5.49% and FIG -13.37% both closed lower.

After-hours:

EXPE +31.71, +16.90%, beat, EPS 4.24 vs 3.90 Est., beat, Rev 3.78B vs. 3.701 Est., positive EPS reaction.

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

SPY down .53 at 632.25, bull flag bounce pause, 74.0 million shares, average volume,

VIX down 0.20 at 16.57

QQQ up 1.95 at 569.27

AAPL, VZ, KO, MRK led DJIA, 14 advancers, -3

PODD, BDX, ZBH, APA led SPX, 246 advancers,

APP, AMD, DASH, MSTR led NDX, 47 advancers,

Up: QQQ,

Down: SPY, IWM, DIA,

The SPY MFC green line is down at 75.5, SPY continued to move higher and remains above the high of the low candle and is short-term bullish. -1.2

Five of eleven sectors were higher on Thursday led by XLU, XLP and XLB.

Uptrend sectors: XLK, XLC, XLI, XLY, XLU, XLF, XLB, XLRE,

Neutral sectors: XLP, XLE, XLV,

Down trend sectors:

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 Trend: Up a little

47 of 100 NDX stocks closed higher on Thursday.

42 NDX stocks are above their 30 DMA: AVGO, MSFT, NVDA, AMD, CSX, DASH, CSGP, GOOGL, AEP, SNPS, CDNS, FAST, PEP, TTD, REGN, ORLY, PLTR, XEL, MDB, PDD, BKR, CEG, ROST, TMUS, APP, AZN, CTAS, META, EA, VRTX, IDXX, MRVL, AXON, LIN, AAPL, COST, CSCO, TSLA, KDP, KHC, LRCX, MNST,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 4

KDP, KHC, LRCX, MNST,   

Moving Below 30 DMA = 5

ADSK, FANG, INTU, PCAR, WBD,

Add Comments here: