NDX, SPX, DJI Closed at All-time Highs...Technology, Utilities, Industrials Led Sectors...APP, EME, HOOD Added to SPX...

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SPX +29.39, 6,693, a new all-time closing high.  Breadth was mixed on Monday.

Trend reached another all-time high on Monday as big money continued to selectively buy.  Mega caps rose.  Dave

NDX +0.55%, closed at an all-time closing high.

DJI, 46,381 +0.14%, all-time closing high, led by strength in AAPL, NVDA and CAT.

NVDA +6.94, +3.93%, new closing high after news of a joint venture with OpenAI.

AVGO -6.15, -1.78%, traded in range of Friday’s hammer in a bull flag price pattern. 

On Monday September 22, APP, EME and HOOD were added to the SPX and MKTX, CZR and ENPH were removed from the index.

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

SPY up +3.27 at 663.71, declared a 1.8311 dividend, 97.9 million shares, above average volume,

VIX up +.65 at 16.10

QQQ up +2.85 at 602.20

AAPL, NVDA, IBM, UNH led DJIA, 12 advancers, -2

TER, ORCL, AMAT, WDC led SPX, 241 advancers,

AMAT, CEG, AAPL, LRCX led NDX, 55 advancers,

Up: IWM, QQQ, SPY, DIA,

Down:

The SPY MFC green line is flat at 95.1 and is short-term bullish. -0.2

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

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

Neutral sectors: XLP, 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

55 of 100 NDX stocks closed higher on Monday.

54 NDX stocks are above their 30 DMA: GOOGL, ORLY, PDD, BKR, APP, VRTX, AAPL, MNST, MU, INTC, ADI, PANW, QCOM, TSLA, TTWO, MDB, ADSK, AVGO, BIIB, ASML, GEHC, LRCX, DDOG, KLAC, DASH, WBD, ZS, ARM, MRVL, TEAM, EA, CRWD, CEG, PLTR, AMAT, BKNG, CDNS, FTNT, META, REGN, ADBE, CDW, MDLZ, MELI, ON, WDAY, ABNB, AXON, CDNS, MRVL, INTU, LIN, MSFT, NFLX, AMGN, CHTR, GFS, MCHP, NVDA, TEAM,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 6

AMGN, CHTR, GFS, MCHP, NVDA, TEAM,

Moving Below 30 DMA = 5

AMZN, CSCO, GEHC, IDXX, MAR,

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NDX, SPX, DJI Make an All-time Closing High...Technology, Utilities, Communication Services Led Sectors...

© 2025

SPX +32.40, 6,664, a new all-time closing high.  Breadth weakened on Friday.

Trend continued to rise on Friday as big money continued to selectively buy as mega caps rose.  Dave

NDX +0.70%, closed at an all-time closing high.

DJI, 46,315 +0.37%, all-time closing high, led by strength in AMGN, MSFT and AAPL.

NVDA +0.43, +0.24%, a channel bounce continuation.

AVGO -0.41, -0.12%, forms a hammer in a bull flag price pattern.  

On Monday September 22, APP, EME and HOOD will be added to the S&P500 and MKTX, CZR and ENPH will be removed from the index.

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

SPY up +3.27 at 663.71, declared a 1.8311 dividend, 97.9 million shares, above average volume,

VIX down -.25 at 15.45

QQQ up +4.03 at 599.35

AMGN, AAPL, MSFT, JNJ led DJIA, 14 advancers, -0

PSKY, ES, NEM, ORCL led SPX, 210 advancers,

APP, FTNT, WBD, SNPS led NDX, 53 advancers,

Up: QQQ, SPY, DIA,

Down: IWM,

The SPY MFC green line is up at 95.3 and is short-term bullish. +0.2

Six of eleven sectors were higher on Friday led by XLK, XLU and XLC. 

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

Neutral sectors: XLP, 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

53 of 100 NDX stocks closed higher on Friday.

53 NDX stocks are above their 30 DMA: GOOGL, ORLY, PDD, BKR, APP, VRTX, AAPL, MNST, MU, INTC, ADI, PANW, QCOM, TSLA, TTWO, MDB, ADSK, AVGO, BIIB, ASML, AMZN, GEHC, LRCX, DDOG, KLAC, DASH, WBD, ZS, ARM, MRVL, TEAM, EA, CRWD, CEG, PLTR, AMAT, BKNG, CDNS, FTNT, META, REGN, ADBE, CDW, MDLZ, MELI, ON, WDAY, ABNB, AXON, CDNS, CSCO, IDXX, MRVL, GEHC, INTU, LIN, MAR, MSFT, NFLX,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 6

GEHC, INTU, LIN, MAR, MSFT, NFLX,   

Moving Below 30 DMA = 5

CSGP, GFS, MCHP, NXPI, PCAR,

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NDX, SPX, DJI New All-time Closing Highs as Breadth Strengthens...Technology, Industrials, Health Care Led Sectors...

© 2025

SPX +31.61, 6,631, a new all-time closing high.  Breadth was stronger on Thursday after the Fed lowered interest rates by 25 basis points Wednesday afternoon.

If you were surprised by Thursday’s trend continuation move after Wednesday’s trading range in SPY and QQQ, then you may be reading too much news (subjective narratives) like gyrate and mixed.  The trend was up on Wednesday and the trend closed higher on Thursday.  Dave

NDX +0.95%, closed above Wednesday’s red hammer at an all-time closing high.

DJI, 46,142 +0.27%, all-time closing high, led by strength in CAT, GS and NVDA.

NVDA +5.95, +3.49%, a channel bounce up signal.

AVGO -0.82, -0.24%, a bull flag price pattern setup.   

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

SPY up +3.08 at 662.26, 90.3 million shares, above average volume,

VIX down -.02 at 15.70

QQQ up +5.32 at 595.32

CAT, NVDA, IBM, AXP led DJIA, 14 advancers, -9

INTC, SNPS, CRWD, COIN, KLAC led SPX, 320 advancers,

INTC, SNPS, CRWD, AMAT led NDX, 59 advancers,

Up: IWM, QQQ, SPY, DIA,

Down:  

The SPY MFC green line is flat at 95.1 and is short-term bullish. -1.1

Seven of eleven sectors were higher and XLB was unchanged on Thursday led by XLK, XLI and XLV. 

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

Neutral sectors: XLP, 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

59 of 100 NDX stocks closed higher on Thursday.

52 NDX stocks are above their 30 DMA: GOOGL, ORLY, PDD, BKR, APP, VRTX, AAPL, MNST, MU, INTC, ADI, PANW, QCOM, TSLA, TTWO, MDB, ADSK, AVGO, BIIB, ASML, AMZN, GEHC, LRCX, DDOG, KLAC, DASH, WBD, ZS, ARM, MRVL, TEAM, EA, PCAR, CRWD, CEG, PLTR, AMAT, BKNG, CDNS, FTNT, META, REGN, ADBE, CDW, MDLZ, MELI, ON, MCHP, WDAY, ABNB, AXON, CDNS, CSCO, CSGP, GFS, IDXX, MRVL, NXPI,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 9

ABNB, AXON, CDNS, CSCO, CSGP, GFS, IDXX, MRVL, NXPI,  

Moving Below 30 DMA = 10

BKNG, CCEP, CDW, CHTR, GEHC, LIN, NFLX, ORLY, PYPL, TEAM,

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