SPX, NDX Closed Higher on Positive EU Trade and Tariff Developments...Consumer Discretionary, Technology, Industrial Lead all Sectors Higher...Mega Caps Stocks Rise...

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SPX +118.72, 5,921, futures rose Sunday and Monday night as the EU tariff deadline was extended to July 9 and the EU indicated they wanted to get a trade deal fast tracked and completed.  The SPX continued to trend up after the open on Tuesday. 

The DJI, 42,343 +1.78%, closed higher.  The NDX +2.39% was a bull flag bounce.

Breadth strengthened as advancers led on the exchanges and in the indexes.  Net change advancing capital was significantly higher than net change declining capital. 

Tuesday Session Insight: For the past six weeks AAPL +1.04% went up less than the market SPY +10.71%.  AAPL was significantly weaker than the market and the market still went up.  PLTR, TSLA, AVGO are among market leaders and AAPL is among market laggards.      

TSLA +23.55, +6.94%, large white candle in a bull flag bounce.

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

SPY up 12.04 at 591.15, 72.5 million shares, above average volume

VIX down 1.61 at 18.96,

QQQ up 11.98 at 521.22

NKE, NVDA, AXP, GS led the DJIA, 28 advancers, +18

HOLX, DECK, TSLA, RCL led the SPX, 468 advancers,

APP, TSLA, WBD, ARM led the NDX, 95 advancers,

Up: IWM, QQQ, SPY, DIA,

Down:

The SPY MFC green line is pointed down at 89.9 and is counter-trend defensive. -0.9

All eleven sectors were higher on Tuesday, led by XLY, XLK and XLI. 

Uptrend sectors: XLI, XLU,

Neutral sectors: XLK, XLP, XLRE, XLF, XLC, XLY, XLE, XLB,

Down trend sectors: XLV,

The 6-month intermediate trend is sideways.  The ten-day trend is up.

3-month Intermediate Term Market Trend:  Sideways

3-day Short Term Market Trend:  Up

95 of 100 NDX stocks closed higher on Tuesday.

80 NDX stocks are above their 30 DMA: COST, CRWD, CTAS, MNST, PLTR, MELI, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, INTU, ZS, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DDOG, DXCM, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, SNPS, TSLA, TTD, CHTR, PYPL, CDW, ADBE, HON, NVDA, PAYX, VRSK, ADP, AMD, CTSH, GFS, AMZN, APP, ASML, CSCO, META, MU, NXPI, ROP, ON, CSX, GEHC, LULU, QCOM, TXN, MRVL, ODFL, WBD, DASH, BIIB, CMCSA, FAST, FTNT, GOOGL, PCAR, LIN, REGN, AZN, GILD, PANW, SBUX, AMGN, BKR, FANG, MDLZ,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 4

AMGN, BKR, FANG, MDLZ,

Moving Below 30 DMA = 2

CCEP, PDD,

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SPX, NDX Opened and Closed Lower after EU Tariff Comment...Utilities, Consumer Staples, Energy Lead Sectors...Have a Wonderful Memorial Day 3-day Weekend...

© 2025

Markets are closed Monday for Memorial Day!  Reopen on Tuesday.

SPX -39.19, 5,802, opened 59 points lower after the President indicated, about two hours before the open, that a 50% tariff should be a charged to the EU beginning June 1.  Later he indicated that the EU, 27 countries, has been very difficult to negotiate with and that talks were not making progress.  The SPX rallied most of the selloff from Thursday’s close to Friday’s low but rolled over the last two hours of trading to close below its intraday high. 

The DJI, 41,603 -0.61%, was lower.  The NDX -0.93% weakest of the four major indexes on Friday. 

Breadth weakened as decliners led on the exchanges in the DJI, NDX and SPX indexes.  Net change declininging capital increased significantly.

Friday Session Insight: Technology glitches help to remind you of how good it feels when everything works glitch free.  We covered the process for evaluating a LCV and determining whether to adjust, close, scale out or roll the position.  

TSLA -1.70, -0.50%, formed a spinning top in a bull flag setup.

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

SPY down 3.98 at 579.11, 76.0 million shares, above average volume

VIX up 2.01 at 22.29,

QQQ down 4.76 at 509.24

CVX, KO, PG, VZ led the DJIA, 10 advancers, -5

INTU, ENPH, AES, STX led the SPX, 171 advancers,

INTU, DASH, CRWD, CEG led the NDX, 26 advancers,

Up:  

Down: IWM, DIA, SPY, QQQ,

The SPY MFC green line is pointed down at 90.8 and is counter-trend defensive. -3.7

Four of eleven sectors were higher on Friday, led by XLU, XLP and XLE. 

Uptrend sectors: XLI, XLU,

Neutral sectors: XLK, XLP, XLRE, XLF, XLC, XLY, XLE, XLB,

Down trend sectors: XLV,

The 6-month intermediate trend is sideways.  The ten-day trend is up.

3-month Intermediate Term Market Trend:  Sideways

3-day Short Term Market Trend:  Down

26 of 100 NDX stocks closed higher on Friday.

78 NDX stocks are above their 30 DMA: COST, CRWD, CTAS, MNST, PLTR, MELI, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, INTU, ZS, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DDOG, DXCM, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, SNPS, TSLA, TTD, CHTR, PYPL, CDW, ADBE, HON, NVDA, PAYX, VRSK, ADP, AMD, CTSH, GFS, AMZN, APP, ASML, CSCO, META, MU, NXPI, PDD, ROP, ON, CSX, GEHC, LULU, QCOM, TXN, MRVL, ODFL, WBD, DASH, BIIB, CMCSA, FAST, FTNT, GOOGL, PCAR, LIN, REGN, AZN, GILD, PANW, SBUX, CCEP,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 1

CCEP,

Moving Below 30 DMA = 5

FANG, INTC, MSTR, ROST, WDAY,

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SPX, NDX Trading Range on Thursday as Breadth Strengthens...Consumer Discretionary, Technology Leads Sectors...

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SPX -2.60, 5,842, opened flat, rose as many as 33 points, but traded up and down in a trading range on Thursday.

The DJI, 41,859 -0.00%, percentage was unchanged.  The NDX +0.15% moved slightly higher. 

Breadth strengthened as advancers increased 359% on the NYSE 167% on the Nasdaq exchanges.  Net change advancing capital increased significantly in the DJI, NDX and SPX indexes.

Thursday Session Insight: Technology glitches can help strengthen your resilience and patience.  After exiting a trade whether at a target, a profit protection stop, or a stop loss, immediately begin to look for re-entry according to your rules.   

TSLA +6.42, +1.92%, formed a piercing line candle in a bull flag setup.

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

SPY up .23 at 583.09, 70.4 million shares, average volume

VIX down .59 at 20.28,

QQQ up .96 at 514.00

NKE, MRK, AMZN, GS led the DJIA, 15 advancers, +14

COIN, STX, UAL, MRNA led the SPX, 188 advancers,

PDD, MRVL, PANW, CRWD led the NDX, 44 advancers,

Up: QQQ, SPY, DIA,

Down: IWM,

The SPY MFC green line is pointed down at 94.5 and is counter-trend defensive. -2.3

Two of eleven sectors were higher on Thursday, led by XLY, XLK and XLI. 

Uptrend sectors: XLI, XLU,

Neutral sectors: XLK, XLP, XLRE, XLF, XLC, XLY, XLE, XLB,

Down trend sectors: XLV,

The 6-month intermediate trend is sideways.  The ten-day trend is up.

3-month Intermediate Term Market Trend:  Sideways

3-day Short Term Market Trend:  Down

44 of 100 NDX stocks closed higher on Thursday.

82 NDX stocks are above their 30 DMA: COST, CRWD, CTAS, MNST, PLTR, ROST, MSTR, MELI, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, INTU, ZS, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DDOG, DXCM, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, SNPS, TSLA, TTD, WDAY, CHTR, PYPL, CDW, ADBE, HON, NVDA, PAYX, VRSK, ADP, AMD, CTSH, GFS, AMZN, APP, ASML, CSCO, META, MU, NXPI, PDD, ROP, ON, CSX, GEHC, LULU, QCOM, TXN, INTC, MRVL, ODFL, WBD, DASH, FANG, BIIB, CMCSA, FAST, FTNT, GOOGL, PCAR, LIN, REGN, AZN, GILD, PANW, SBUX,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 2

PANW, SBUX,

Moving Below 30 DMA = 3

CCEP, CPRT, EA,

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