The VIX closed at 18.57, indicating an implied one day move of +/-1.17% & an implied one month move of +/-5.37% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 5/30/2025’s Close:
1 – PLTR
2 – NRG
3 – GEV
4 – HWM
5 – AXON
6 – MOS
7 – CRWD
8 – NFLX
9 – STX
10 – CEG
Lowest Technical Rated S&P 500 Components Per 5/30/2025’s Close:
1 – UNH
2 – ENPH
3 – REGN
4 – COO
5 – DECK
6 – DOW
7 – MRNA
8 – ALB
9 – ARE
10 – BLDR
Highest Volume Rated S&P 500 Components Per 5/30/2025’s Close:
1 – AIZ
2 – IPG
3 – EMN
4 – DAY
5 – AOS
6 – HST
7 – VTRS
8 – WBA
9 – REGN
10 – TECH
Lowest Volume Rated S&P 500 Components Per 5/30/2025’s Close:
1 – COIN
2 – SMCI
3 – CRL
4 – MTCH
5 – TPR
6 – AES
7 – SBUX
8 – TKO
9 – KMB
10 – RL
Highest Technical Rated ETFs Per 5/30/2025’s Close:
1 – JNUG
2 – DFEN
3 – NUGT
4 – MEXX
5 – SHLD
6 – ROBN
7 – HIMZ
8 – RBLU
9 – URAA
10 – AUMI
Lowest Technical Rated ETFs Per 5/30/2025’s Close:
1 – TSLZ
2 – TSLQ
3 – TSDD
4 – ETHD
5 – MSOX
6 – HZEN
7 – BTCZ
8 – SBIT
9 – FIAT
10 – NVDQ
Highest Volume Rated ETFs Per 5/30/2025’s Close:
1 – SPCZ
2 – EMCS
3 – GVUS
4 – KVLE
5 – FHEQ
6 – LFAZ
7 – USCA
8 – LKOR
9 – MFSB
10 – XIJN
Lowest Volume Rated ETFs Per 5/30/2025’s Close:
1 – KLMN
2 – CCNR
3 – AGRH
4 – ZSEP
5 – SSPY
6 – FDIV
7 – NNOV
8 – CARK
9 – KOOL
10 – MYCG
Highest Technical Rated General Stocks Per 5/30/2025’s Close:
1 – RGC
2 – SBET
3 – NAKA
4 – BSGM
5 – TMPOQ
6 – ASST
7 – DFDV
8 – SVT
9 – IMCC
10 – AIJTY
Lowest Technical Rated General Stocks Per 5/30/2025’s Close:
1 – TBIO
2 – MULN
3 – GDHG
4 – DGLY
5 – FMTO
6 – SUNE
7 – NCNA
8 – WHLR
9 – APDN
10 – EJH
Highest Volume Rated General Stocks Per 5/30/2025’s Close:
1 – GITS
2 – BLRX
3 – TIRX
4 – DEA
5 – OUT
6 – BENF
7 – GWH
8 – VIVK
9 – SLE
10 – RRGB
Lowest Volume Rated General Stocks Per 5/30/2025’s Close:
1 – CANSF
2 – IDKFF
3 – ESMC
4 – ACKRF
5 – NSFDF
6 – CVVUF
7 – IDXG
8 – YGTFF
9 – VRDR
10 – STEC
*** THE LIST ABOVE IS STRICTLY FOR INFORMATIONAL PURPOSES – I MAY OR MAY NOT HAVE OR INITIATE A LONG, SHORT, OR LONG/SHORT POSITION IN ANY NAME ABOVE AT ANY TIME ***
The VIX closed at 19.31, indicating an implied one day move of +/-1.22% & an implied one month move of +/-5.58% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 5/28/2025’s Close:
1 – PLTR
2 – NRG
3 – GEV
4 – HWM
5 – AXON
6 – MOS
7 – CEG
8 – NFLX
9 – CRWD
10 – STX
Lowest Technical Rated S&P 500 Components Per 5/28/2025’s Close:
1 – ENPH
2 – UNH
3 – MRNA
4 – DECK
5 – AES
6 – ARE
7 – BLDR
8 – DOW
9 – IQV
10 – ALB
Highest Volume Rated S&P 500 Components Per 5/28/2025’s Close:
1 – SNPS
2 – ANSS
3 – CDNS
4 – CNP
5 – FICO
6 – HOLX
7 – AOS
8 – NTRS
9 – HPQ
10 – VMC
Lowest Volume Rated S&P 500 Components Per 5/28/2025’s Close:
1 – NFLX
2 – CRL
3 – AKAM
4 – URI
5 – PPG
6 – UAL
7 – FSLR
8 – JBHT
9 – FAST
10 – PWR
Highest Technical Rated ETFs Per 5/28/2025’s Close:
1 – IONX
2 – URAA
3 – JNUG
4 – MEXX
5 – RKLX
6 – DFEN
7 – BTCL
8 – BITU
9 – NUGT
10 – BTFX
Lowest Technical Rated ETFs Per 5/28/2025’s Close:
1 – TSLZ
2 – TSLQ
3 – TSDD
4 – ETHD
5 – MSOX
6 – BTCZ
7 – SBIT
8 – HZEN
9 – NVD
10 – SOXS
Highest Volume Rated ETFs Per 5/28/2025’s Close:
1 – FTHF
2 – SJLD
3 – ZSC
4 – PQJL
5 – GFGF
6 – CRDT
7 – RSPE
8 – QLTI
9 – GSID
10 – QAT
Lowest Volume Rated ETFs Per 5/28/2025’s Close:
1 – AGRH
2 – BBEM
3 – CCNR
4 – HYDW
5 – AUGZ
6 – UNOV
7 – RFLR
8 – DECZ
9 – NMB
10 – XTJL
Highest Technical Rated General Stocks Per 5/28/2025’s Close:
1 – RGC
2 – NAKA
3 – SBET
4 – DFDV
5 – BGSM
6 – ASST
7 – TMPOQ
8 – SMFL
9 – AIJTY
10 – BROG
Lowest Technical Rated General Stocks Per 5/28/2025’s Close:
1 – GDHG
2 – MULN
3 – FMTO
4 – SUNE
5 – DGLY
6 – NCNA
7 – WHLR
8 – YHC
9 – STSS
10 – XHG
Highest Volume Rated General Stocks Per 5/28/2025’s Close:
1 – SPRO
2 – OMTK
3 – SGD
4 – IMCC
5 – SCWO
6 – OUT
7 – ECDA
8 – MAMA
9 – PLRZ
10 – BROG
Lowest Volume Rated General Stocks Per 5/28/2025’s Close:
1 – CIAFF
2 – HEWA
3 – LTHCF
4 – PLSDF
5 – ROKRF
6 – GALKF
7 – MOGU
8 – STEK
9 – OMH
10 – SXTC
*** THE LIST ABOVE IS STRICTLY FOR INFORMATIONAL PURPOSES – I MAY OR MAY NOT HAVE OR INITIATE A LONG, SHORT, OR LONG/SHORT POSITION IN ANY NAME ABOVE AT ANY TIME ***
The VIX closed at 18.96, indicating an implied one day move of +/-1.2% & an implied one month move of +/-5.48% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 5/27/2025’s Close:
1 – NRG
2 – PLTR
3 – GEV
4 – HWM
5 – AXON
6 – CRWD
7 – CEG
8 – MOS
9 – NFLX
10 – RL
Lowest Technical Rated S&P 500 Components Per 5/27/2025’s Close:
1 – UNH
2 – ENPH
3 – FICO
4 – MRNA
5 – ARE
6 – DECK
7 – IQV
8 – AES
9 – DOW
10 – FI
Highest Volume Rated S&P 500 Components Per 5/27/2025’s Close:
1 – HOLX
2 – FICO
3 – CPRT
4 – AZO
5 – GEN
6 – VMC
7 – ROST
8 – WMB
9 – INTU
10 – WDAY
Lowest Volume Rated S&P 500 Components Per 5/27/2025’s Close:
1 – CRL
2 – DTE
3 – IP
4 – DXCM
5 – APA
6 – ETN
7 – EXE
8 – ADM
9 – NI
10 – PARA
Highest Technical Rated ETFs Per 5/27/2025’s Close:
1 – IONX
2 – TESL
3 – BTCL
4 – BITU
5 – URAA
6 – BITX
7 – BTFX
8 – MEXX
9 – MAXI
10 – RKLX
Lowest Technical Rated ETFs Per 5/27/2025’s Close:
1 – TSLZ
2 – TSLQ
3 – TSDD
4 – ETHD
5 – MSOX
6 – BTCZ
7 – SBIT
8 – FIAT
9 – SOXS
10 – NVDQ
Highest Volume Rated ETFs Per 5/27/2025’s Close:
1 – PJFM
2 – PQJL
3 – HCOM
4 – UNIY
5 – LEAD
6 – MYMF
7 – CORO
8 – HYDW
9 – SDD
10 – EFRA
Lowest Volume Rated ETFs Per 5/27/2025’s Close:
1 – PSCW
2 – AGRH
3 – CCNR
4 – BBEM
5 – AUGZ
6 – FLAO
7 – AUGW
8 – XAPR
9 – SBND
10 – UNOV
Highest Technical Rated General Stocks Per 5/27/2025’s Close:
1 – RGC
2 – SBET
3 – NAKA
4 – DFDV
5 – BSGM
6 – ASST
7 – TMPOQ
8 – QNCCF
9 – AIJTY
10 – VIGL
Lowest Technical Rated General Stocks Per 5/27/2025’s Close:
1 – XELA
2 – GWSO
3 – GDHG
4 – MULN
5 – FMTO
6 – SUNE
7 – NCNA
8 – STSS
9 – DGLY
10 – XHG
Highest Volume Rated General Stocks Per 5/27/2025’s Close:
1 – TWO
2 – LVWR
3 – OUT
4 – SBET
5 – ETWO
6 – WORX
7 – CETX
8 – AEON
9 – CURR
10 – NCRA
Lowest Volume Rated General Stocks Per 5/27/2025’s Close:
1 – ALPIB
2 – PSYTF
3 – JPOTF
4 – SBIG
5 – YAAS
6 – AZMTF
7 – NMTLF
8 – CNUCF
9 – HEWA
10 – DCMDF
*** THE LIST ABOVE IS STRICTLY FOR INFORMATIONAL PURPOSES – I MAY OR MAY NOT HAVE OR INITIATE A LONG, SHORT, OR LONG/SHORT POSITION IN ANY NAME ABOVE AT ANY TIME ***
SPY, the SPDR S&P 500 ETF declined -2.54% last week, while the VIX closed the week out at 20.57, indicating an implied one day move of +/-1.3% & an implied one month move of +/-5.95%.
SPY ETF – SPDR S&P 500 ETF’s Techincal Performance Over The Past Year
Their RSI is trending down towards the neutral 50 level & sits currently at 56.29, while their MACD is set to cross over bearishly on Tuesday or Wednesday of this coming week (barring any unusual jumps in price).
Volumes were +31.36% higher than the prior year’s average levels (74,174,000 vs. 56,466,920), which certainly does not inspire near-term confidence, especially heading into a shortened holiday week.
Monday saw SPY walk up to the edge of the diving board, as the week’s second lowest volume session formed a bullish engulfing pattern with the previous Friday’s session, but SPY’s oscillators had begun to show fatigue as we noted last week.
Tuesday is when the breakdown began, as the session opened & formed a dragonfly doji that also created a bearish harami with Monday’s candle on the lowest volume of the week.
While many analysts think of the dragonfly doji as indicating that there is a spike on the horizon & maybe a reversal occuring, the low volume paired with the lower shadow’s range set the stage for more pain throughout the week, particularly given SPY’s proximity to their 10 day moving average.
Wednesday confirmed this, when SPY opened on a gap down, attempted to retrace back towards its closing price level on Tuesday, only to on the highest volume of the week see market participants head towards the exits, and SPY declined -1.69% on the day, closing down by the support of their 10 DMA.
It is worth noting that the 10 DMA temporarily broke down during the session as well, as there was quite a bit of selling pressure surrounding SPY.
Thursday saw SPY opened below the resistance of the 10 day moving average, attempt a run up at it, but it was unable to break out above it & the session closed as a gravestone doji for a gain of +0.04% for the day.
Thursday’s lower shadow also signaled that there was slightly more appetite to the downside day-over-day, which while it was a small amount, isn’t something to be ignored.
Friday showed a risk-off into the holiday weekend theme, as the week’s second highest volume session opened on a gap down, managed to briefly break above Thursday’s low price, and wound up settling higher than it opened, but for a day-over-day loss of -0.68%.
The support of the 200 day moving average was not tested, but prices were trending more in that direction than higher by the end of the week.
Heading into the new week the upside will be contingent on the strength or weakness of the 10 day moving average’s resistance.
What will make this even more interesting to watch is that the current price zone that the 10 DMA is in is historically a Buyer dominated zone, but SPY must first travel through the Seller dominated zone in the middle to earn said re-test, which may wind up showing signs of Buyer-fatigue even in the even that prices make it to that level.
SPY will still need to show strong, consistent advancing volume in order to begin to appear like a base that can be built off of is forming for a reversal.
Should the 10 DMA dip into the Seller dominated zone just above Friday’s closing price it is unlikely that there will be a successful retest of the 10 DMA this week.
The consolidation case involves oscillating between the 200 & 10 day moving averages, while staying around the window created by the gap up open from two Monday’s ago while awaiting a catalyst to the upside or the downside.
There are still some highly anticipated earnings calls this week, including the likes of NVDIA & Salesforce, a slew of Federal Reserve speakers on tap for the week & we’ll get a read on inflation based on PCE data that comes out Friday.
Without any meaningful catalyst in either direction & without some strong volume the consolidation & “wait & see” heading into next week seems the most likely.
In the event of downside action, should the 200 day moving average’s support break down then we will likely see a drop below $570/share & since there are only two support touch-points in the $560’s price range all eyes will be looking towards the 50 day moving average’s support, which will be moving higher to greet SPY’s price.
Given that this week is a short one, unless there is a major catalyst to the upside or downside it seems most likely that things will remain relatively quiet, barring any extreme news or surprises.
SPY has support at the $578.76 (Volume Sentiment: Sellers, 1.28:1), $576.41 (Volume Sentiment: Sellers, 1.28:1), $573.62 (Volume Sentiment: Buyers, 1.77:1) & $573.23/share (200 Day Moving Average, Volume Sentiment: Buyers, 1.77:1) price levels, with resistance at the $579.17 (Volume Sentiment: Sellers, 1.28:1), $582.40 (Volume Sentiment: Sellers, 2.16:1), $587.48 (10 Day Moving Average, Volume Sentiment: Buyers, 1.82:1) & $588.72/share (Volume Sentiment: Buyers, 1.82:1).
SPY ETF’s Price Level:Volume Sentiment Over The Past ~2-3 Years
QQQ, the Invesco QQQ Trust ETF dipped -2.35% last week, as the tech-heavy index managed to log the best performance of the four majors.
QQQ ETF – Invesco QQQ Trust’s Technical Performance Over The Past Year
Their RSI dropped back below overbought levels last week & is currently trending lower at 60.14, while their MACD is set to crossover bearishly either Tuesday or Wednesday of this week following last week’s declines.
Volumes were +49.63% higher than the prior year’s average levels (56,066,000 vs. 37,470,0040), which while it shows that there was certainly a degree of profit taking during a week when all major index ETF’s declined, also shows that there is still a decent degree of hopes & optimism attached to Wednesday’s earnings calls for NVDA & Salesforce.
Monday opened the week up for QQQ in a similar manner to SPY, setting the stage for price to jump off of the diving board into the rest of the week.
Tuesday opened lower, tested to below the midway point of Monday’s session before recovering to close higher than it opened, but as a hanging man candle (bearish).
Tuesday also featured the week’s lowest volume, indicating that there was not much positive sentiment behind the day’s price action, even though it did manage to close above its opening price level.
Wednesday saw a shimmer of optimism, as despite a gap down open QQQ’s price was able to rally back to touch $523/share temporarily, but intraday profits were taken quickly, forcing QQQ to retreat & close in-line with the support of their 10 day moving average.
Thursday it was clear that market participants didn’t know which way was up, but they did know that they were only willing to go so much higher up from Wednesday’s close.
The session opened nearly in-line with Wednesday’s close & the 10 day moving average, attempted to rally higher, but was thwarted not much higher than Wednesday’s open, and the support of the 10 day moving average was temporarily broken through.
Friday this carried into the weekend, when the week’s second highest session by Volume opened on a gap lower, tested but managed to stay above the $505/share level, closing the day above its open at $509.24/share.
QQQ is in a similar boat to SPY (as they’ve been relatively similar for years), any upside movement is going to require some stable, strong advancing volume & some form of an upside catalyst, at which point all eyes will be on the 10 day moving average.
Without those conditions, at best any upside move will result in oscillations around the 10 day moving average while awaiting something to move the market.
The consolidation case features oscillations in between the 10 & 200 day moving averages while awaiting news to propel QQQ higher or to break down the 200 day moving average’s support.
In the event of a move lower, the $496-499.99/share price level is Seller dominated over the past year, which would walk prices up with some momentum behind them to retest that 200 DMA.
The window formed at the end of April/early May would then become of interest, as it was never fully closed.
It would also then see the 50 day moving average’s support be tested, which is interesting given that said gap up occurred last time that QQQ’s price tested the 50 DMA.
The table below will be handy for navigating these re-tests.
QQQ has support at the $507.71 (Volume Sentiment: Buyers, 1.25:1), $504.96 (Volume Sentiment: Buyers, 1.68:1), $498.96 (Volume Sentiment: Sellers, 1.4:1) & $493.62/share (Volume Sentiment: Buyers, 2.68:1) price levels, with resistance at the $510.29 (Volume Sentiment: Sellers, 2.75:1), $513.98 (Volume Sentiment: Sellers, 2.75:1), $516.14 (10 Day Moving Average, Volume Sentiment: Buyers, 1.44:1) & $523/share (Volume Sentiment: Buyers, 1.47:1).
QQQ ETF’s Price Level:Volume Sentiment Over The Past ~1 Year
IWM, the iShares Russell 2000 ETF fell -3.47% last week, as market participants shunned the small cap index in favor of the other four major indexes.
IWM ETF – iShares Russell 2000 ETF’s Techincal Performance Over The Past Year
Their RSI has flattened out just above the neutral 50 level & is currently at 52.21, while their MACD just crossed over bearishly late last week.
Volumes were -2.8% lower than the prior year’s average level (29,110,000 vs. 29,949,360), which indicates that there is certainly a bit of negative sentiment attached to the small cap index currently amidst market volatility.
Small cap names are not going to have an easy time recovering in the event that weakness is shown by SPY, QQQ or DIA in the next week or two, given how much uncertainty market participants are showing around those larger, more household names.
Monday the small cap index opened on a gap down, but managed to rally back to close above its open, but the session occurred on very weak volume.
Tuesday the uncertainty continued, when prices closed as a spinning top candle, indicating indecision on the weakest volume of the week (which only added to said sense of uncertainty).
Wednesday is when the damn gave way, opening on a gap down in-line with the 10 day moving average, briefly testing higher, but ultimately sliding back beneath the resistance of the 10 day moving average & declining -2.81% for the day.
Given the week’s highest volume occurred Wednesday, this should be taken as a sign of “everybody out of the pool” & that there is slipping levels of confidence in IWM.
The rest of the week IWM moved almost as though it was on stairs, opening Thursday on a gap down & closing the day as a spinning top, which indicates that there was indecision in the air, and lots of it given it occurred on the week’s second strongest volume.
This is especially true given the nature in how much profit taking (and loss cutting) was taking place intra-day when you look at the price levels that IWM was circling around all day.
Friday the week wound down on another gap down open to $199.78, but prices managed to find footing heading into the holiday weekend & closed at $202.56/share.
Heading into the fresh, shortened holiday week IWM has less upside potential of the index ETF’s listed so far, mostly as they have little to do with the major earnings calls of the week & the general uneasiness of market participants is not very telling of the strength of the small cap index.
However, in the event that a rising tide comes along to lift all boats, the 10 day moving average will be an interesting test for IWM, as even if they manage to break above it, they’ve got a Seller dominated zone right above it that seperates them from the long-term trend line.
IWM’s consolidation case revolves around price oscillating between the 10 & 50 day moving averages for the rest of the week, awaiting a nudge to the upside or downside.
The downside case involves a test of the 50 day moving average’s support, which is in a Buyer dominated price zone that falls just below a Seller zone.
If this does happen, all eyes should go to the windows that were created by gap up sessions on the bookends of April 2025, as those levels will likely be retested to formally close the window.
The table below is useful for assessing the strength/weakness of IWM’s support/resistance levels if they are approached again for re-tests.
IWM has support at the $202.46 (Volume Sentiment: Buyers, 1.23:1), $197.50 (50 Day Moving Average, Volume Sentiment: Buyers, 2.17:1), $196.56 (Volume Sentiment: Buyers, 2.17:1) & $192.11/share (Volume Sentiment: Buyers, 1.15:1) price levels, with resistance at the $206.83 (10 Day Moving Average, Volume Sentiment: Buyers, 1.16:1), $209.27 (Volume Sentiment: Buyers, 1.52:1), $210.13 Volume Sentiment: Buyers, 1.52:1) & $213.49/share (2 Touch-Points, Volume Sentiment: Sellers, 1.33:1).
IWM ETF’s Price Level:Volume Sentiment Over The Past ~2-3 Years
DIA, the SPDR Dow Jones Industrial Average ETF lost -2.4% last week, as the blue chip index managed to continue to be a fan favorite among market participants & the “buy & hold” remained alive and well to a degree.
DIA ETF – SPDR Dow Jones Industrial Average ETF’s Techincal Performance Over The Past Year
Their RSI is trending back down towards the neutral 50-level, sitting currently at 51.65, while their MACD is primed to cross over bearishly on Tuesday or Wednesday of this week.
Volumes were -9.06% lower than the previous year’s average though (2,894,000 vs. 3,182,400), showing that the “Buy & Hold” crowd is beginning to reassess their holdings & may be taking some profits down from the table.
Monday the week opened on a strong note for DIA, as it bravely walked up to the top of the diving board, ready to descend into the week.
Tuesday formed a bearish harami pattern with Monday’s candle and the day’s low signaled that the <$425/share level was on the menu in the coming days.
Wednesday the legs gave out for DIA, opening with a gap down that was able to below through the support of the 10 & 200 day moving averages & close -1.93% on the day on the highest volume of the week.
Thursday confirmed what the majority said with their sell buttons the previous day, when DIA was unable to break above the 200 DMA’s resistance & wound up resulting in a spinning top, indicating that there was a bit of indecision in the market, but that it should not be mistaken for optimism.
Friday showed another gap down open, but was able to rally higher & close at $416.33/share heading into the weekend.
For DIA this week, the upside will require a breakthrough of the 10 & 200 day moving averages, which may prove difficult given that both reside in Seller dominated price levels.
In the event of consolidation while awaiting positive or negative news to dictate market direction, DIA is primed to oscillate between the 10/200 & 50 day moving averages while it closes the window that it created back earlier in May.
To the downside, in the event that the 50 DMA’s support breaks down, there is looking to be a bit of trouble for DIA, as that would leave only 5 support levels on their past year chart (one of which will be knocked off of it on next Monday’s session).
DIA has support at the $412.91 (Volume Sentiment: Sellers, 2.43:1), $409.97 (50 Day Moving Average, Volume Sentiment: Buyers, 5.5:1), $407.28 (Volume Sentiment: Buyers, 3.17:1) & $405.96/share (Volume Sentiment: Buyers, 3.17:1) price levels, with resistance at the $ 416.41(Volume Sentiment: Buyers, 1.7:1), $419.60 (Volume Sentiment: Buyers, 1.7:1), $421.12 (200 Day Moving Average, Volume Sentiment: Sellers, 1.5:1) & $422.39/share (10 Day Moving Average, Volume Sentiment: Sellers, 1.5:1).
DIA ETF’s Price Level:Volume Seniment Over The Past ~4-5 Years
The Week Ahead
Monday has no economic news or earnings reports as it is Memorial Day.
Fed President Kashkari speaks in Tokyo at 4 am on Tuesday, before Durable-Goods Orders & Du rable-Goods minus Transportation data at 8:30 am, S&P CoreLogic Case Shiller Home Price Index (20 cities) data at 9 am, Consumer Confidence data at 10 am & FEd President Williams speaking at 8 pm.
AutoZone, Bank of Nova Scotia & Skyline Champion all report earnings before Tuesday’s opening bell, followed by Box, Okta, Semtech & Sociedad Quimica y Minera after the session’s close.
Wednesday begins with Fed President Kashkari speaking at 4 am again, followed by May’s FOMC Minutes at 2 pm.
Abercrombie & Fitch, Bank of Montreal, Capri Holdings, Columbus McKinnon, Dick’s Sporting Goods, Kingsoft Cloud, Macy’s, Monro Muffler, Photronics & Phressia all report earnings before Wednesday’s session’s opening bell, before NVDIA, SalesForce, Agilent Technologies, C3.ai, e.l.f. Beauty, HP Inc., nCino, Nordson, Nutanix, Pure Storage, SentinelOne, Synopsys & Veeva Systems are due to report after the closing bell.
Initial Jobless Claims, GDP (First Revision) & Fed President Barkin speak at 8:30 am on Thursday, before Pending Home Sales at 10 am, Fed President Goolsbee speaking at 10:40 pm, Fed President Kugler Speaking at 2pm, Fed President Daly speaking at 4pm & Fed President Logan speaking at 8:25 pm.
Thursday morning’s earnings reports include American Woodmark, ATS Corp., Bath & Body Works, Best Buy, Burlington Stores, Caleres, CIBC, Foot Locker, Hamilton Lane, Hormel Foods, Kohl’s, Li Auto, Roivant Sciences, Royal Bank of Canada & SpartanNash, before Costco Wholesale, Ambarella, American Eagle, Cooper, Dell Technologies, Elastic, Gap, Marvell Technology, NetApp, PagerDuty, UiPath, Ulta Beauty & Zscaler all report following the closing bell.
Friday morning is a busy one, with Personal Income, Consumer Spending, PCE Index, PCE Year-over-Year, Core PCE Index, Core PCE YEar-over-Year, Advanced U.S. Trade Balance in Goods, Advanced Retail Inventories & Advanced Wholesale Inventories data at 8:30 am, followed by Chicago Business Barometer (PMI) data at 9:45 am, Consumer Sentiment (final) data at 10 am & Fed President Daly speaking at 4:45pm.
Shoe Carnival reports earnings after Friday afternoon’s closing bell.
See you back here next week!
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN SPY, QQQ, IWM OR DIA AT THE TIME OF PUBLISHINGTHIS ARTICLE ***
The VIX closed at 20.28, indicating an implied one day move of +/-1.28% & an implied one month move of +/-5.86% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 5/22/2025’s Close:
1 – NRG
2 – PLTR
3 – GEV
4 – HWM
5 – AXON
6 – COIN
7 – NFLX
8 – MOS
9 – RL
10 – PODD
Lowest Technical Rated S&P 500 Components Per 5/22/2025’s Close:
1 – ENPH
2 – UNH
3 – AES
4 – ARE
5 – MRNA
6 – IQV
7 – DOW
8 – TECH
9 – ALB
10 – BLDR
Highest Volume Rated S&P 500 Components Per 5/22/2025’s Close:
1 – ENPH
2 – WSM
3 – NEE
4 – FICO
5 – LHX
6 – AES
7 – DECK
8 – ADI
9 – TTWO
10 – WDAY
Lowest Volume Rated S&P 500 Components Per 5/22/2025’s Close:
1 – NFLX
2 – BA
3 – DXCM
4 – WBA
5 – CAH
6 – IP
7 – BLK
8 – SMCI
9 – AVY
10 – NOW
Highest Technical Rated ETFs Per 5/22/2025’s Close:
1 – BTCL
2 – BITU
3 – BITX
4 – BTFX
5 – TESL
6 – CRPT
7 – MAXI
8 – ROBN
9 – BRRR
10 – BTC
Lowest Technical Rated ETFs Per 5/22/2025’s Close:
1 – TSLZ
2 – ETHD
3 – TSLQ
4 – TSDD
5 – BTCZ
6 – SBIT
7 – FIAT
8 – NVD
9 – SOXS
10 – HZEN
Highest Volume Rated ETFs Per 5/22/2025’s Close:
1 – EAFG
2 – FLDZ
3 – JHCR
4 – CCNR
5 – KCSH
6 – SHPP
7 – AUGP
8 – TSEP
9 – RORO
10 – IBHK
Lowest Volume Rated ETFs Per 5/22/2025’s Close:
1 – FLAO
2 – ACLO
3 – AAPR
4 – CGUI
5 – EFZ
6 – AGRH
7 – TOTR
8 – SFEB
9 – SDFI
10 – AUGM
Highest Technical Rated General Stocks Per 5/22/2025’s Close:
1 – DFDV
2 – KDLY
3 – RGC
4 – ASST
5 – TMPOQ
6 – BSGM
7 – VIGL
8 – AIJTY
9 – AREN
10 – QBTS
Lowest Technical Rated General Stocks Per 5/22/2025’s Close:
1 – DGLY
2 – MULN
3 – FMTO
4 – SUNE
5 – NCNA
6 – YHC
7 – WHLR
8 – XHG
9 – REE
10 – HTCO
Highest Volume Rated General Stocks Per 5/22/2025’s Close:
1 – SLG
2 – OUT
3 – VIGL
4 – BDRX
5 – XAGE
6 – SGBX
7 – IMNM
8 – IMMX
9 – NVTS
10 – BON
Lowest Volume Rated General Stocks Per 5/22/2025’s Close:
1 – AHOTF
2 – CAPC
3 – AKTSQ
4 – RDEXF
5 – PAANF
6 – FDVA
7 – FNRN
8 – IDXG
9 – ARESF
10 – CCM
*** THE LIST ABOVE IS STRICTLY FOR INFORMATIONAL PURPOSES – I MAY OR MAY NOT HAVE OR INITIATE A LONG, SHORT, OR LONG/SHORT POSITION IN ANY NAME ABOVE AT ANY TIME ***
The VIX closed at 20.87, indicating an implied one day move of +/-1.32% & an implied one month move of +/-6.03% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 5/21/2025’s Close:
1 – NRG
2 – PLTR
3 – GEV
4 – AXON
5 – HWM
6 – MOS
7 – NFLX
8 – PODD
9 – RL
10 – COIN
Lowest Technical Rated S&P 500 Components Per 5/21/2025’s Close:
1 – UNH
2 – MRNA
3 – ENPH
4 – ARE
5 – IQV
6 – ALB
7 – TECH
8 – BLDR
9 – DOW
10 – AES
Highest Volume Rated S&P 500 Components Per 5/21/2025’s Close:
1 – FICO
2 – PANW
3 – TGT
4 – UNH
5 – TTWO
6 – AES
7 – KEYS
8 – SOLV
9 – EFX
10 – TJX
Lowest Volume Rated S&P 500 Components Per 5/21/2025’s Close:
1 – CRL
2 – APD
3 – WST
4 – MHK
5 – COR
6 – BKNG
7 – MOH
8 – CPT
9 – HES
10 – TKO
Highest Technical Rated ETFs Per 5/21/2025’s Close:
1 – CRPT
2 – TESL
3 – BTCL
4 – BITU
5 – BTFX
6 – BITX
7 – MAXI
8 – MEXX
9 – BLOK
10 – ROBN
Lowest Technical Rated ETFs Per 5/21/2025’s Close:
1 – TSLZ
2 – TSLQ
3 – TSDD
4 – ETHD
5 – MSOX
6 – BTCZ
7 – SBIT
8 – HZEN
9 – FIAT
10 – SOXS
Highest Volume Rated ETFs Per 5/21/2025’s Close:
1 – VMAX
2 – HQGO
3 – MUSE
4 – AUGP
5 – JHCR
6 – BMDL
7 – LOCT
8 – OCTU
9 – SPUC
10 – HAPY
Lowest Volume Rated ETFs Per 5/21/2025’s Close:
1 – VYM
2 – WTPI
3 – XLE
4 – XAR
5 – XDTE
6 – XBI
7 – WEBL
8 – CVRD
9 – QMNV
10 – PSCJ
Highest Technical Rated General Stocks Per 5/21/2025’s Close:
1 – KDLY
2 – RGC
3 – ASST
4 – SRNE
5 – AREN
6 – FRCB
7 – SVT
8 – ONXGF
9 – BSGM
10 – RGLS
Lowest Technical Rated General Stocks Per 5/21/2025’s Close:
1 – XELA
2 – PTPI
3 – NCNA
4 – MULN
5 – FMTO
6 – SUNE
7 – CURR
8 – WLGS
9 – CYCC
10 – RSLS
Highest Volume Rated General Stocks Per 5/21/2025’s Close:
1 – DEA
2 – SGMA
3 – LTRY
4 – WOK
5 – BDSX
6 – BOLT
7 – APVO
8 – AKYA
9 – CFSB
10 – EDBL
Lowest Volume Rated General Stocks Per 5/21/2025’s Close:
1 – WYY
2 – WWR
3 – CAPC
4 – RDEXF
5 – ASPU
6 – CHXMF
7 – LBRMF
8 – DXYN
9 – ANKOF
10 – NCRA
*** THE LIST ABOVE IS STRICTLY FOR INFORMATIONAL PURPOSES – I MAY OR MAY NOT HAVE OR INITIATE A LONG, SHORT, OR LONG/SHORT POSITION IN ANY NAME ABOVE AT ANY TIME ***
Since our last Volume Sentiment Analysis at the beginning of April the major four indexes have advanced, but there has still been plenty of volatility & a good amount of gap activity.
Last night the VIX closed at 18.09, indicating an implied one day move of +/-1.14% & an implied one month move of +/-5.23% for the S&P 500.
Volumes have been more elevated than they had been for much of the past year, however as we’ve noted many times over the past year, volumes Y-o-Y between 2025-2024 are still below the prior year’s average levels from 2023 & earlier.
While some may take this as a sign of confidence, given the market’s actual price movements it appears more like uncertainty & profit grabbing than any actual change in long-term sentiment.
With that said, there is still a lot of uncertainty in the air regarding tariffs & foreign relations, as well as with the future state of corporate earnings, which makes it an important time to have an understanding of how market participants have behaved historically at different price levels as we begin to see re-tests.
This is especially true in the wake of this week’s performance, where stretched out MACDs have begun to show weakness & that there is likely a breather on the horizon for markets, which will make the strength/weakness of support/resistance levels even more important.
This can be valuable when assessing risk in the event of retests of any of these levels.
Each section below contains a view of each index ETF’s chart (for a technical breakdown of each ETF’s chart please see this past weekend’s market review note), as well as a list of their current one year support & resistance levels with the volume sentiment noted beneath it on the table.
There is an additional table beneath this table with each price level’s sentiment, as well as a typed text version below that is able to be copied & pasted.
Note that “NULL, 0:0*” values denote areas that each name has traded at but with limited volume data to work with from a comparison standpoint in terms of creating a ratio of buyers:sellers (or vice versa) or is the outlier above the highest/lowest level with price data.
Also, prices that do have a ratio of Buyers:Sellers (Sellers:Buyers) where the denominator is 0 are denoted with an asterisk “*” as well.
In the written lists of the price levels & volume sentiments the price levels that contain support & resistance levels are marked in BOLD.
Recall that at price extremes such as the highs that we have recently hit there will tend to be skewed data due to the small sample size & factor that into how you interpret each price level’s reported sentiment.
This is intended to serve as an additional tool, similar to a barometer to use during your due diligence process & is not meant to replace doing your own research & is not financial advice.
Price Level:Volume Sentiment Analysis For SPY, The SPDR S&P 500 ETF
SPY ETF – SPDR S&P 500 ETF’s Technical Performance Over The Past Year
SPY, the SPDR S&P 500 ETF has shaken off the declines of late March, but based on the number & size of gaps & the proximity of SPY’s long & short-term trend lines to one another & price, we may see some profit taking on the near-term horizon.
While SPY’s recent gains have placed it back within 5 resistance levels of its all-time high, its oscillators above are signaling there is likely to be a cool-down period soon.
This will be interesting, as five of the next 6 support levels are historically Seller zones, and the window left open by last Monday’s gap up is primed to close, which will also involve a re-test of the long-term moving average.
For a deeper dive into the near-term horizon for SPY see the market review in the link in the section above.
SPY ETF’s Price Level:Volume Sentiment Over The Past ~3 Years At Their One Year Support/Resistance Levels
SPY ETF’s Price Level:Volume Sentiment Over The Past ~3 Years
Price Level:Volume Sentiment Over The Past ~3 Years For SPY ETF
Price Level:Volume Sentiment Over The Past ~3 Years For SPY ETF
SPY ETF’s Price Level:Volume Sentiment Over The Past ~3 Years
$610 – Buyers – 0.2:0*, +2.89% From Current Price Level
$615 – NULL – 0:0*, +3.74% From Current Price Level
$605 – Buyers – 1.43:1, +2.05% From Current Price Level
$600 – Buyers – 1.46:1, +1.21% From Current Price Level
$595 – Sellers – 1.41, +0.36% From Current Price Level
$590 – Buyers – 4.08:1, -0.48% From Current Price Level – Current Price Level*
$585 – Buyers – 1.82:1, -1.32% From Current Price Level
$580 – Sellers – 2.16:1, -2.17% From Current Price Level – 10 Day Moving Average*
$575 – Sellers – 1.28:1, -3.01% From Current Price Level
$570 – Buyers – 1.77:1, -3.85% From Current Price Level – 200 Day Moving Average*
$565 – Buyers – 1.77:1, -4.7% From Current Price Level
$560 – Buyers – 1.22:1, -5.54% From Current Price Level
$555 – Buyers – 2.08:1, -6.38% From Current Price Level
$550 – Buyers – 1.54:1, -7.23% From Current Price Level – 50 Day Moving Average*
$545 – Buyers – 2.57:1, -8.07% From Current Price Level
$540 – Buyers – 2.08:1, -8.91% From Current Price Level
$535 – Sellers – 1.34:1, -9.76% From Current Price Level
$530 – Buyers – 4.25:1, -10.6% From Current Price Level
$525 – Buyers – 1.63:1, -11.44% From Current Price Level
$520 – Buyers – 1.71:1, -12.29% From Current Price Level
$515 – Sellers – 1.09:1, -13.13% From Current Price Level
$510 – Buyers – 1.25:1, -13.97% From Current Price Level
$505 – Sellers – 1.96:1, -14.82% From Current Price Level
$500 – Sellers – 1.59:1, -15.66% From Current Price Level
$496 – Sellers – 1.96:1, -16.34% From Current Price Level
$492 – Sellers – 1.75:1, -17.01% From Current Price Level
$488 – Buyers – 1.11:1, -17.69% From Current Price Level
$484 – Sellers – 1.15:1, -18.36% From Current Price Level
$480 – Buyers – 4.75:1, -19.04% From Current Price Level
$476 – Buyers – 1.83:1, -19.71% From Current Price Level
$472 – Buyers, 1.6:1, -20.38% From Current Price Level
$468 – Buyers – 5.67:1, -21.06% From Current Price Level
$464 – Sellers – 1.23:1, -21.73% From Current Price Level
$460 – Sellers – 1.12:1, -22.41% From Current Price Level
$456 – Sellers – 0.8:0*, -23.08% From Current Price Level
$452 – Buyers – 1.1:0*, -23.76% From Current Price Level
$448 – Buyers – 2:0*, -24.43% From Current Price Level
$444 – Buyers – 1.51:1, -25.11% From Current Price Level
$440 – Buyers – 4.31:1, -25.78% From Current Price Level
$436 – Sellers – 1.05:1, -26.46% From Current Price Level
$432 – Sellers -1.04:1, -27.13% From Current Price Level
$428 – Buyers – 1.13:1, -27.81% From Current Price Level
$424 – Buyers – 1.61:1, -28.48% From Current Price Level
$420 – Sellers – 1.09:1, -29.16% From Current Price Level
$416 – Even – 1:1, -29.83% From Current Price Level
$412 -Sellers – 2.71:1, -30.51% From Current Price Level
$408 – Buyers – 3.54:1, -31.18% From Current Price Level
$404 – Sellers – 1.06:1, -31.85% From Current Price Level
$400 – Buyers – 1.71:1, -32.53% From Current Price Level
$396 – Sellers – 1.52:1, -33.2% From Current Price Level
$392 – Sellers – 1.29:1, -33.88% From Current Price Level
$388 – Buyers – 2.95:1, -34.55% From Current Price Level
$384 – Buyers – 1.55:1, -35.23% From Current Price Level
$380 – Buyers – 1.24:1, -35.9% From Current Price Level
$376 – Sellers – 2.32:1, -36.58% From Current Price Level
$372 – Sellers – 2.17:1, -37.25% From Current Price Level
$368 – Sellers – 1.73:1, -37.93% From Current Price Level
$364 – Sellers – 1.5:1, -38.6% From Current Price Level
$360 – Sellers – 2.25:1, -39.28% From Current Price Level
$356 – Buyers – 3:1, -39.95% From Current Price Level
$352 – Buyers – 1.22:1, -40.63% From Current Price Level
$348 – Sellers – 3.4:0*, -41.3% From Current Price Level
$344 – Sellers – 4.3:0*, -41.98% From Current Price Level
$340 – NULL – 0:0*, -42.65% From Current Price Level
Price Level:Volume Sentiment Analysis For QQQ, The Invesco QQQ Trust ETF
QQQ ETF – Invesco QQQ Trust ETF’s Technical Performance Over The Past Year
QQQ, the Invesco QQQ Trust ETF has had a similar past month & a half to SPY, as the two indexes have moved together for the past few years for the most part.
Their volume trends have also had some similarities, with neither at the moment appearing to be ready for a convincing lift-off that has sustainable support.
With that said, the data below when combined with the near-term outlook in this week’s market review note in the link in section one can be beneficial to identify where QQQ & its component stocks wind up heading next.
QQQ ETF’s Price Level:Volume Sentiment Over The Past ~1 Year At Their One Year Support/Resistance Levels
Price Level:Volume Sentiment For QQQ ETF Over The Past ~1 Year
QQQ ETF’s Price Level:Volume Sentiment Over The Past ~1 Year
$545 – NULL – 0:0*, +4.75% From Current Price Level
$540 – NULL – 0:0*, +3.79% From Current Price Level
$535 – Buyer s- 6.67:1, +2.83% From Current Price Level
$530 – Buyers – 3.33:1, +1.87% From Current Price Level
$525 – Buyers – 1.69:1, +0.91% From Current Price Level
$520 – Buyers – 1.47:1, -0.05% From Current Price Level – Current Price Level*
$515 – Buyers – 1.44:1, -1.01% From Current Price Level
$510 – Sellers – 2.75:1, -1.97% From Current Price Level
$505 – Buyers – 1.25:1, -2.94% From Current Price Level – 10 Day Moving Average*
$500 – Buyers – 1.68:1, -3.9% From Current Price Level
$496 – Sellers – 1.4:1, -4.66% From Current Price Level
$492 – Buyers – 2.68:1, -5.43% From Current Price Level – 200 Day Moving Average*
$488 – Buyers – 2.82:1, -6.2% From Current Price Level
$484 – Buyers – 1.21:1, -6.97% From Current Price Level
$480 – Buyers – 2.76:1, -7.74% From Current Price Level
$476 – Sellers – 1.06:1, -8.51% From Current Price Level
$472 – Buyers- 1.04:1, -9.28% From Current Price Level – 50 Day Moving Average*
$468 – Sellers – 2.33:1, – 10.05% From Current Price Level
$464 – Buyers – 5.38:1, -10.82% From Current Price Level
$460 – Buyers – 1.78:1, -11.58% From Current Price Level
$456 – Sellers – 1.11:1, -12.35% From Current Price Level
$452 – Buyers – 2.33:1, -13.12% From Current Price Level
$448 – Sellers – 1.31:1, -13.89% From Current Price Level
$444 – Sellers – 3.47:1, -14.66% From Current Price Level
$440 – Buyers – 3.23:1, -15.43% From Current Price Level
$436 – Buyers – 3.44:1, -16.2% From Current Price Level
$432 – Sellers – 2.13:1, -16.97% From Current Price Level
$428 – Even – 1:1, -17.74% From Current Price Level
$424 – Buyers – 0.7:0*, -18.5% From Current Price Level
$420 – Sellers – 1.46:1, -19.27% From Current Price Level
$416 – Sellers – 2.56:1, -20.04% From Current Price Level
$412 – Sellers – 1.3:0*, -20.81% From Current Price Level
$408 – NULL – 0:0*, -21.58% From Current Price Level
Price Level:Volume Sentiment Analysis For IWM, The iShares Russell 2000 ETF
IWM ETF – iShares Russell 2000 ETF’s Technical Performance Over The Past Year
IWM, the iShares Russell 2000 ETF has also recovered a bit from the declines of late-March, but at a more muted pace that SPY or QQQ.
They’re still closer to the bottom of their one year chart & are still lagging their 200 day moving average (long-term trend line), with less support levels on the one year chart than resistance levels.
The small cap index has moved in a similar, but less resilient manner to DIA, but given that the blue chip index is more likely to be bought & held than the small cap index it would be wise to monitor them both independently of one another.
Combining the data below with the past week’s near-to-mid-term horizon for IWM is beneficial for gaining insight into how market participants may behave in the coming weeks-to-months.
IWM ETF’s Price Level:Volume Sentiment Over The Past ~2-3 Years At Their One Year Support/Resistance Levels
IWM ETF’s Price Level:Volume Sentiment Over The Past ~2-3 Years
Price Level:Volume Sentiment For IWM ETF Over The Past ~2-3 Years
$244 – NULL – 0:0*, +16.7% From Current Price Level
$240 – Buyers – 5:1, +14.79% From Current Price Level
$236 – Buyers – 1.23:1, +12.88% From Current Price Level
$232 – Buyers – 1.46:1, +10.96% From Current Price Level
$228 – Buyers – 1.14:1, +9.05% From Current Price Level
$224 – Sellers – 1.16:1, +7.14% From Current Price Level
$220 – Buyers – 1.44:1, +5.22% From Current Price Level
$216 – Buyers – 1.26:1, +3.31% From Current Price Level
$212 – Sellers – 1.33:1, +1.4% From Current Price Level – 200 Day Moving Average*
$208 – Buyers – 1.52:1, -0.52% From Current Price Level – Current Price Level*
$204 – Buyers – 1.16:1, -2.43% From Current Price Level – 10 Day Moving Average*
$200 – Buyers – 1.23:1, -4.34% From Current Price Level
$198 – Sellers – 1.25:1, -5.3% From Current Price Level
$196 – Buyers – 2.17:1, -6.26% From Current Price Level – 50 Day Moving Average*
$194 – Buyers – 1.77:1, -7.21% From Current Price Level
$192 – Buyers – 1.15:1, -8.17% From Current Price Level
$190 – Sellers – 3.77:1, -9.13% From Current Price Level
$188 – Buyers – 1.4:1, -10.08% From Current Price Level
$186 – Buyers – 2.13:1, -11.04% From Current Price Level
$184 – Buyers – 2.33:1, -12% From Current Price Level
$182 – Buyers – 2.18:1, -12.95% From Current Price Level
$180 – Sellers – 1.94:1, -13.91% From Current Price Level
$178 – Sellers – 2.79:1, -14.87% From Current Price Level
$176 – Buyers – 1.73:1, -15.82% From Current Price Level
$174 – Buyers – 1.81:1, -16.78% From Current Price Level
$172 – Sellers – 1.12:1, -17.73% From Current Price Level
$170 – Buyers – 1.92:1, -18.69% From Current Price Level
$168 – Sellers – 1.94:1, -19.65% From Current Price Level
$166 – Sellers – 2.1:1, -20.6% From Current Price Level
$164 – Sellers – 1.1:0*, -21.56% From Current Price Level
$162 – Even – 1:1, -22.52% From Current Price Level
$160 – Buyers – 1.56:1, -23.47% From Current Price Level
$158 – NULL – 0:0*, -24.43% From Current Price Level
Price Level:Volume Sentiment Analysis For DIA, The SPDR Dow Jones Industrial Average ETF
DIA ETF – SPDR Dow Jones Industrial Average ETF’s Technical Performance Over The Past Year
Volumes though show a more cautious buy & hold approach happening to the blue chip index vs. the other three majors, but any downside catalyst can at this point in time cause that to break down.
With a lot of uncertainty on the horizon, knowing how market participants have behaved in the past is beneficial for understanding how DIA may behave in the future.
DIA ETF’s Price Level:Volume Sentiment Over The Past ~4 Years At Their One Year Support/Resistance Levels
DIA ETF’s Price Level:Volume Sentiment Over The Past ~4 Years
Price Level:Volume Sentiment For DIA ETF Over The Past ~4 Years
DIA ETF’s Price Level:Volume Sentiment Over The Past ~4 Years
$452 – NULL – 0:0*, +5.86% From Current Price Level
$448 – NULL – 0:0*, +4.93% From Current Price Level
$444 – Buyers – 2.67:1, +3.99% From Current Price Level
$440 – Sellers – 1.06:1, +3.05% From Current Price Level
$436 – Buyers – 6.67:1, +2.11% From Current Price Level
$432 – Buyers – 1.5:1, +1.18% From Current Price Level
$428 – Buyers – 1.15:1, +0.24% From Current Price Level
$424 – Buyers – 1.83:1, -0.7% From Current Price Level – Current Price Level*
$420 – Sellers – 1.5:1, -1.63% From Current Price Level – 10 & 200 Day Moving Averages*
$416 – Buyers – 1.7:1, -2.57% From Current Price Level
$412 – Sellers – 4.42:1, -3.51% From Current Price Level
$408 – Buyers – 5.5:1, -4.44% From Current Price Level – 50 Day Moving Average*
$404 – Buyers – 3.17:1, -5.38% From Current Price Level
$400 – Buyers – 1.62:1, -6.32% From Current Price Level
$396 – Sellers – 2.17:1, -7.25% From Current Price Level
$392 – Buyers – 2:1, -8.19% From Current Price Level
$388 – Buyers – 3:1, -9.13% From Current Price Level
$384 – Sellers – 1.44:1, -10.06% From Current Price Level
$380 – Even – 1:1, -11% From Current Price Level
$376 – Sellers – 1.27:1, -11.94% From Current Price Level
$372 – Buyers – 1.38:1, -12.87% From Current Price Level
$368 – Buyers – 1.75:1, -13.81% From Current Price Level
$364 – Buyers – 1.58:1, -14.75% From Current Price Level
$360 – Even – 1:1, -15.68% From Current Price Level
$356 – Buyers – 0.2:0*, -16.62% From Current Price Level
$352 – Buyers – 1.09:1, -17.56% From Current Price Level
$348 – Buyers – 0.3:0*, -18.5% From Current Price Level
$344 – Buyers – 7:1, -19.43% From Current Price Level
$340 – Buyers – 1.08:1, -20.37% From Current Price Level
$336 – Buyers – 1.79:1, -21.31% From Current Price Level
$332 – Buyers – 1.84:1, -22.24% From Current Price Level
$328 – BUyers – 2.18:1, -23.18% From Current Price Level
$324 – Sellers – 1.06:1, -24.12% From Current Price Level
$320 – Buyers – 1.34:1, -25.99% From Current Price Level
$316 – Sellers – 1.5:1, -25.99% From Current Price Level
$312 – Sellers – 1.03:1, -26.93% From Current Price Level
$308 – Sellers – 1.12:1, -27.86% From Current Price Level
$304 – Sellers – 2.63:1, -28.8% From Current Price Level
$300 – Buyers – 1.24:1, -29.74% From Current Price Level
$296 – Sellers – 1.56:1, -30.67% From Current Price Level
$292 – Sellers – 3.14:1, -31.62% From Current Price Level
$288 – Sellers – 1.3:1, -32.55% From Current Price Level
$284 – Sellers – 1.14:1, -33.48% From Current Price Level
$280 – Sellers – 1.57:1, -34.42% From Current Price Level
$276 – Sellers – 6.67:1, -35.36% From Current Price Level
$272 – NULL – 0:0*, -36.3% From Current Price Level
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN SPY, QQQ, IWM OR DIA AT THE TIME OF PUBLISHING THIS ARTICLE ***
The VIX closed at 18.09, indicating an implied one day move of +/-1.14% & an implied one month move of +/-5.23% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 5/20/2025’s Close:
1 – NRG
2 – PLTR
3 – GEV
4 – AXON
5 – HWM
6 – MOS
7 – NFLX
8 – PODD
9 – RL
10 – TPR
Lowest Technical Rated S&P 500 Components Per 5/20/2025’s Close:
1 – UNH
2 – ENPH
3 – ARE
4 – MRNA
5 – IQV
6 – ALB
7 – DOW
8 – TECH
9 – FI
10 – LYB
Highest Volume Rated S&P 500 Components Per 5/20/2025’s Close:
1 – MRNA
2 – FICO
3 – UNH
4 – D
5 – IQV
6 – SO
7 – HD
8 – KEYS
9 – MTD
10 – DG
Lowest Volume Rated S&P 500 Components Per 5/20/2025’s Close:
1 – WBA
2 – CEG
3 – TKO
4 – META
5 – WRB
6 – PAYC
7 – TPR
8 – BAX
9 – FANG
10 – PNC
Highest Technical Rated ETFs Per 5/20/2025’s Close:
1 – BTCL
2 – ROBN
3 – BITU
4 – MAXI
5 – MEXX
6 – BTFX
7 – BITX
8 – CRPT
9 – DFEN
10 – EVAV
Lowest Technical Rated ETFs Per 5/20/2025’s Close:
1 – TSLZ
2 – TSLQ
3 – TSDD
4 – ETHD
5 – BTCZ
6 – SBIT
7 – MSOX
8 – SOXS
9 – FIAT
10 – NVDQ
Highest Volume Rated ETFs Per 5/20/2025’s Close:
1 – BAI
2 – THRO
3 – PSCQ
4 – HJUL
5 – CARK
6 – IAGG
7 – ARVR
8 – VLLU
9 – TYLD
10 – NJNK
Lowest Volume Rated ETFs Per 5/20/2025’s Close:
1 – ACLO
2 – HYSD
3 – UNIY
4 – AGRH
5 – KNO
6 – RGEF
7 – BBEM
8 – CVRD
9 – HYDW
10 – FLAO
Highest Technical Rated General Stocks Per 5/20/2025’s Close:
1 – RGC
2 – DFDV
3 – KDLY
4 – DLOC
5 – ASST
6 – AREN
7 – AIJTY
8 – NWTN
9 – SVT
10 – ONXGF
Lowest Technical Rated General Stocks Per 5/20/2025’s Close:
1 – NCNA
2 – FMTO
3 – MULN
4 – SUNE
5 – PTPI
6 – YHC
7 – STSS
8 – REE
9 – XHG
10 – MYNAY
Highest Volume Rated General Stocks Per 5/20/2025’s Close:
1 – NRXS
2 – EDBL
3 – TWO
4 – OUT
5 – EYEN
6 – QIPT
7 – BLMZ
8 – PDPTF
9 – BBLG
10 – MRM
Lowest Volume Rated General Stocks Per 5/20/2025’s Close:
1 – HLP
2 – BACK
3 – SEOVF
4 – AXAHF
5 – PYRGF
6 – GDRZF
7 – THCH
8 – PRFX
9 – OMQS
10 – FMCB
*** THE LIST ABOVE IS STRICTLY FOR INFORMATIONAL PURPOSES – I MAY OR MAY NOT HAVE OR INITIATE A LONG, SHORT, OR LONG/SHORT POSITION IN ANY NAME ABOVE AT ANY TIME ***
SPY, the SPDR S&P 500 ETF gained +5.33% last week, while the VIX closed at 17.24, indicating an implied one day move of +/-1.09% & an implied one month move of +/-4.98% for the S&P 500.
SPY ETF – SPDR S&P 500 ETF’s Technical Performance Over The Past Year
Their RSI is just beneath the overbought level & currently sits at 69.34, while their MACD is bullish, but looking overextended following Monday’s gap up session.
Volumes were +24.32% above the prior year’s average level (69,454,000 vs. 55,866,349), which while it sounds like a lot, is still below the levels seen in the years prior, which doesn’t mean we’re out of the woods just yet.
Monday opened the week up on a gap up open that enabled the week to begin above the support of both the 10 & 200 day moving averages.
Monday’s session was also the highest volume of the week & it set the stage for the increased volume mentioned above, but as noted over prior months in our weekly review notes, there will need to be continued elevated levels of volume before this looks like a sustainable uptrend.
This holds especially true given how far market participants were willing to trade SPY during Monday’s session, as noted by the lower shadow that dropped ~1% from the day’s opening price into the window it created.
Tuesday opened on another gap up, this time on weaker volume for the day, and while SPY proceeded to march higher, the upper shadow on the day’s session indicates that there was a bit of profit taking during the session & market participants were not fully at ease with the current price level of SPY.
Wednesday confirmed this, where another gap up open on un-noteworthy volume resulted in a doji candle, indicating that there was a bit of discomfort & indecisiveness in the market, but that participants found temporary equilibrium at the $587.59-.81 range (closing-opening prices, day ended slightly down).
Thursday is really the most important session of the week, as it had the second highest volume & formed a bearish engulfing pattern with Wednesday’s session, while covering a daily range of >1% with little upper/lower shadows.
While the result of the day as an advancing session is certainly bullish & the high volumes confirm it, but they also tell another story, one about profit taking, which if that narrative flakes out & less people are willing to continue to accept risk at this level -2.81% below SPY’s all time high, we will see gains of the week slip away.
Friday the week wound down on a note that did not inspire confidence heading into the weekend, as on the week’s lowest volume SPY opened on a gap up, retraced down into Thursday’s price range, before powering higher to close near the top of the session’s range.
Looking ahead into this upcoming week there are a few focal points to keep in mind.
Firstly, to the upside, SPY has managed to climb over the past week, and is now back within -2.81% from the all-time high price level, but while volume has been better, when compared to previous years’ volume levels (roughly one year ago was much lower, as the volume trend was in serious decline after years of higher levels).
Unless we see increased, sustainable volume levels it will take longer & some more volatility before a base is formed that can be built upon.
Particularly as while the long-term trend line was broken & the 10 day moving average crossed bullishly through it, they now have become important support levels that will more than likely be retested when the gap fills.
While the resistance levels that remain from here for SPY are all Buyer dominated over the past year, it is wise to recall that they are currently including SPY’s most recent 52-week highs, which skewes the data.
Re-tests are likely to dilute the Buyer dominated ratios shown in the table below, which would lead to consolidation or declining outcomes.
The consolidation case revolves on a retest of the $577.04 price level, which would most likely lead to further declines to attempt to close Monday’s window & test the support of the long-term & short-term moving averages (we’ll get into next) & or it will likely involve oscillations around the 10 & 200 day moving averages until we get an upside or downside catalyst.
This week we’ll get some insight into the state of consumers based on earning’s reports from the likes of Home Depot & Target, as well as BJ’s Wholesale & Advanced Auto Parts.
There will also be PMI data coming out along with a slew of Fed speakers to lend insight into the health of the economy.
To the downside, if the $588.72/share level breaks down, we see the $577.04 retest mentioned above, which should that break down we discover whether market participants believe the long-term trend is stronger than SPY’s current price or not.
There is quite a bit of Seller pressure historically to help get SPY into that window created on Monday & once it’s in there it will have to retest both the long & short term trend lines, which will give a real look into how market participants are viewing the state of current & future economic news.
In the event of further declines, using the table below at support levels or specific price levels you’re targeting is worthwile to understand the market sentiment of each price level SPY traded at over the past ~3 years.
SPY has support at the $588.72 (Volume Sentiment: Buyers, 2.15:1), $582.40 (Volume Sentiment: Sellers, 2.12:1), $579.17 (Volume Sentiment: Sellers, 1.33:1) & $576.41/share (Volume Sentiment: Sellers, 1.33:1) price levels, with resistance at the $600.67 (Volume Sentiment: Buyers, 1.38:1), $605.21 (Volume Sentiment: Buyers, 1.5:1), $608.95 (Volume Sentiment: Buyers, 1.5:1) & $611.39/share (All-Time High, Volume Sentiment: Buyers, 0.2:0*) price levels.
SPY ETF’s Price Level:Volume Sentiment Over The Past ~3 Years
QQQ, the Invesco QQQ Trust ETF had the best week of the four majors, advancing +6.88%, mostly due in large part to Monday’s gap up.
QQQ ETF – Invesco QQQ Trust ETF’s Technical Performance Over The Past Year
Their RSI is in overbought territory following the massive gap up on Monday and sits currently at 71.69, while their MACD is bullish still, but beginning to look overextended.
Volumes were +30.63% above the previous year’s average (48,262,000 vs. 36,945,556), which much like SPY brings reasons for caution heading into a new week.
Monday saw a gap up open above the 200 & 10 day moving averages, which retraced ~1.09% into the window to the $501.48/share level, before rallying to close at $507.85/share.
Tuesday QQQ saw a gap up open on the week’s highest volume, one a session that covered ~1.73% top to bottom, and likely featured a bit of short-term profit taking from eager buyers in the wake of the prior day’s gap up.
Wednesday is where things began to look a little dicey for QQQ, as while volumes dropped day-over-day they weren’t far from Tuesday’s, but the day resulted in a spinning top candle after a gap up, indicating uncertainty & that the bullish sentiment was beginning to wear out.
Thursday’s candle opened lower, but closed higher than Wednesday’s, forming a bullish engulfing pattern, while logging the week’s second highest volume.
While this may be regarded by many to normally be an encouraging sign, the day’s shadows tell a different story.
Firstly, while the $515/share level held up & was not broken through to the downside, the day’s upper shadow signals that there was a bit of profit taking, as prices ran up much higher than they tested to the downside, but the day’s close was only +0.11% day-over-day.
The $515/share level is not a support level, so while sentiment held up there, it is not associated with any trend, and while it should be noted, should not be used in making decisions until other clusters of information emerge.
The high volume therefore is likely more associated with the profit taking shown by the upper shadow, and not the day’s actual advance.
Friday the week ended on another haunting feeling, when a gap up open retraced almost all the way through Thursday’s candle’s real body to the downside, before the day advanced slightly & closed as a hanging man candle.
While that in & of itself is a bearish signal, the fact that it occurred on the week’s second weakest volume is also an indicator that there is still not bullish sentiment abound in the market right now.
Looking into the coming week, QQQ’s upside potential revolves around breaking through the $521.93/share resistance level.
Much like SPY’s resistance levels, QQQ’s are mostly Buyer dominated over the past ~4 years, but there are only 5 resistance levels above Friday’s close, all of which have been prior 52-week highs, so the data is skewed towards Buyers.
This means that we may see the ratios on the table below become more even in the event of a rejected re-test.
Without continued high, advancing volume the upside case is still largely TBD based on how close to the all-time High QQQ is.
The consolidation case is quite similar to SPY’s; $501.48/share is not a support levels, but will be an area to focus on, as if it holds up then the window formed by Monday’s gap up open will be preserved for a while longer, likely waiting to fill until there’s a downside catalyst.
However, give that the 10 & 200 DMA’s are both in near proximity to QQQ’s closing price on Friday, the consolidation case looks awfully similar to SPY’s above, where QQQ’s price oscillates around the long & short-term trend lines waiting for an upside or downside catalyst.
The $493.62/share support levels also looks interesting here, as while there has clearly been a lot of optimism among the Buyers at this price level, given its proximity to the long-term trend line, a breakdown of it will make the 200 DMA appear a bit weaker & make long-term sentiment appear less optimistic.
To the downside, there is a bit of selling pressure in QQQ’s near viscininty, which signals likely weakness for its next two support levels.
However, like the dilution of extreme Buyers near the top, we may see some consolidation in these zones, diluting the Seller pressure levels.
This doesn’t mean that they’re likely to hold up, but should be mentioned as this & the consolidation case do somewhat overlap on it.
If the first four support levels buckle, the 10 day moving average is next at bat, which will give us the market’s view on short-term sentiment.
If it breaks down, expect the 200 DMA’s support to be key in determining whether QQQ can continue to climb higher, or if it’s going to break down & revert back to the long-term trend that we’ve been experiencing since March.
This is especially interesting, as the gap up propelling QQQ higher on the volume levels that it had are not exactly indicative of a major long-term trend change & look a lot like a shorter term squeeze higher.
The table below provides insight into how QQQ may perform when it re-tests it’s near-term support/resistance levels based on the based ~4 years.
QQQ has support at the $513.98 (Volume Sentiment: Sellers, 2.79:1), $510.29 (Volume Sentiment: Sellers, 2.79:1), $507.71 (Volume Sentiment: Buyers, 1.25:1) & $501.26/share (Volume Sentiment: Buyers, 1.65:1) price levels, with resistance at the $521.93 (Volume Sentiment: Buyers, 1.53:1), $530.45 (Volume Sentiment: Buyers, 3.33:1), $533.03 (Volume Sentiment: Buyers, 3.33:1) & $537.48/share (Volume Sentiment: Buyers, 6.67:1) price levels.
QQQ ETF’s Price Level:Volume Sentiment Over The Past ~4 Years
IWM, the iShares Russell 2000 ETF climbed +4.5% last week, as small caps performed better than blue chips, but were the second worst weekly performing index.
IWM ETF – iShares Russell 2000 ETF’s Technical Performance Over The Past Year
Their RSI is advancing towards overbought conditions & sits currently at 65.89, while their MACD is bullish, but beginning to show signs of weakness after the consolidation period of last week.
Volumes were -4.75% lower than the previous year’s average (28,424,000 vs. 29,841,389), which isn’t particularly noteworthy given the performance of IWM throughout the week & how their volumes have held up over the past year vs. the previous year.
Monday was really the only important day for the small-cap index, gap up open, highest volume of the week, but a major issue given that the day closed lower than it opened, and despite at it’s daily low point losing -1.45% from its opening price, it gained +3.82% day-over-day.
While a ~+4% gap up session is always nice, the consolidation range that the rest of the week was spent in wasn’t difficult to see coming by Monday’s close.
Tuesday opened slightly higher, but closed as a doji candle that closed lower than it opened, which confirmed the cautious sentiment Monday gave.
Additionally, there was a bit of profit taking to the upside on IWM, but not enough actual will among market participants for Tuesday to break Monday’s session’s high.
Wednesday is where the weakness became more evident, as the day opened on a gap down, tested slightly higher, before tanking to close near it’s daily low as market participants were eager to pile out of the pool & take their near-term profits.
Thursday didn’t give much extra confidence, as IWM opened lower, tested down to the $205.39/share price level, before managing to come back & close marginally higher than Wednesday’s open on the lowest volume of the week.
Friday managed to open on a gap higher, before testing the low point of $207.78/share & ending the day up +0.83%, but the week’s chart closed showing some exhaustion for the small cap names.
IWM, much like DIA has been performing quite differently than SPY & QQQ over the past couple of years, a trend that still continues.
The upside scenario for IWM really focuses first on $213.49/share, which contains two resistance touch-points & will act as one of two gatekeepers for the 200 Day Moving Average’s resistance.
This is problematic, as both that level & the next resistance levels of $213.53/share (and the 200 Day Moving Average) are all in a historically Seller dominated price zone.
This makes the long-term trend line across the major indexes appear weaker, as there is far less enthusiasm in small cap names, indicating that there is more “fish chasing” than active investment enthusiasm.
Should the 200 DMA break down & we see sustainable volume levels, then there may be the ability to rally a bit higher temporarily (particularly in the event that there is some buying into the short holiday week next week), as it means the resistance zone of $213-214/share broke down & there is Buyer sentiment above.
Consolidation case here looks like a slow window fill from Monday’s gap up with some oscillating around the 10 DMA while awaiting a catalyst to the upside or downside.
To the downside, the next four support levels are all primarily in favor of the Buyers over the past ~2-3 years, but not at particularly strong ratios, which makes the 50 day moving average’s support level key to watch, before IWM likely finds some relief in the support zone before $195.01-197.05.
Assuming that the window closes, the 10 day moving average will likely also not be particularly strong, which would lead to a breakdown that is shown in that scenario.
The table below can aid in assessing the strength & weakness of support/resistance levels that IWM tests/re-tests in the coming week.
IWM has support at the $209.27 (Volume Sentiment: Buyers, 1.48:1), $205.49 (Volume Sentiment: Buyers, 1.13:1), $203.64 (10 Day Moving Average, Volume Sentiment: Buyers, 1.14:1) & $202.46/share (Volume Sentiment: Buyers, 1.14:1) price levels, with resistance at the $213.49 (2 Touch-Points, Volume Sentiment: Sellers, 1.4:1), $213.53 (Volume Sentiment: Sellers, 1.4:1), $215.22 (200 Day Moving Average, Volume Sentiment: Sellers, 1.4:1) & $216.24/share (Volume Sentiment: Buyers, 1.28:1) price levels.
IWM ETF’s Price Level:Volume Sentiment Over The Past ~2-3 Years
DIA, the SPDR Dow Jones Industrial Average ETF added +3.43% last week, faring the worst of the four majors, but volume indicates that market participants are likely holding DIA component names at the moment.
DIA ETF – SPDR Dow Jones Industrial Average ETF’s Technical Performance Over The Past Year
Their RSI is trending higher following Monday’s gap up open and sits currently at 63.65, while their MACD is still bullish & looks heavily extended following the mid-April rally.
Volumes were -7.42% below the prior year’s average (2,938,000 vs. 3,173,413), which is also an area of concern, as the blue chip index had shown more sustainable week-over-week participation than the other major indexes, but now it seems to be more in “buy & hold” mode.
One key area to note is that on Monday the resistance of the 200 day moving average (long-term trend line) was broken through on the gap up open, but that the candle for the day resulted in a hanging man (bearish).
While the support of the 200 DMA held up, the candle’s lower shadow retraced down -0.44% to just above the long-term trend line & moved forward for an advancing session.
This is important to note, as it was on the week’s second lowest volume, indicating a bit of fluff, or uncertainty that continued to move higher.
Tuesday the window began to fill on a gap down open, tested most of the way through Monday’s candle’s real body, but ultimately sunk to decline for the day, while managing to stay above the support of the 200 day moving average.
Wednesday opened higher, but the song remained the same, except the week’s second highest volume session managed to break down the 200 DMA’s support temporarily, while settling for the day just above it.
Thursday was where the real lack of confidence in DIA became evident, as it opened on a gap down & while it was able to break above the resistance of the 200 day moving average & close for an advance that was above the new support level forming a bullish engulfing pattern, Friday’s follow up was unable to confirm the “bullish signals”.
Friday opened on a gap up, briefly tested near the high/close of Thursday to the downside before breaking out above the $425/share level to close at $426.55/share, but the volume expressed extreme skepticism heading into the weekend, which did not align with Thursday’s sentiment.
DIA’s chart looks like a hybrid between SPY/QQQ’s & IWM’s, as it tightly consolidated after the gap up like IWM did, but the blue chip names have the same strong sentiment that is keeping them above the long-term trend line still after gapping above it on Monday’s open.
To the upside this week, the $429.52 resistance level will be an interesting area to watch, as it resides in a price zone that is historically “Even” between the Buyers & Sellers over the past ~4-5 years, meaning that it will be another long-term trend bellwether like the 200 DMA.
This is especially true given that next higher resistance levels is Buyer oriented & the following is still “NULL”, as it is the current all-time high.
Any run at this level will require a severe uptick in advancing volume that holds sustainable for weeks-to-months.
The consolidation case here revolved around DIA oscillating around its 200 day moving average awaiting an upside or downside catalyst.
Given that the blue chip index seems to be in “buy & hold” mode currently, this is likely what we will see, before a massive swing one way or the other (pending earnings reports/news reports, as noted above).
To the downside, there is a chance of oscillation between the 10 & 200 day moving averages while market participants digest news/earnings & assess their risk tolerance among the blue chip names, but should that break down the chart below will become even more important to understand how strong/weak the coming support levels are.
When you factor in the DIA represents the blue chip names that are sold to investors of all size & that their data below is covering the past ~4-5 years it will paint a stronger picture of not just DIA’s future, but the other major indexes listed above.
DIA has support at the $420.38 (200 Day Moving Average, Volume Sentiment: Sellers, 1.15:1), $417.13 (10 Day Moving Average, Volume Sentiment: Buyers, 1.63:1), $416.41 (Volume Sentiment: Buyers, 1.63:1) & $412.91/share (Volume Sentiment: Sellers, 3.75:1) price levels, with resistance at the $427.60 (Volume Sentiment: Buyers, 1.33:1), $429.52 (Volume Sentiment: Even, 1:1), $447.49 (Volume Sentiment: Buyers, 2.3:0*) & $448.27/share (All-Time High, Volume Sentiment: NULL, 0:0*) price levels.
DIA ETF’s Price Level:Volume Sentiment Over The Past ~4-5 Years
The Week Ahead
Monday morning kicks off with Fed President Williams & Fed President Jefferson each giving speeches at 8:45 am, followed by U.S. Leading Economic Indicators at 10 am.
Target Hospitality reports earnings Monday before the session opens, followed by 8×8, Agilysys & Transcat after the closing bell.
Fed President Barkin speaks Tuesday at 9 am, before Fed President Collins speaks at 9:30 am, Fed President Musalem speaks at 1 pm & Fed President Kugler speaks at 5 pm.
Home Depot, Amer Sports, Bilibili, Eagle Materials, GDS Holdings & Viking Holdings all report earnings before Tuesday’s opening bell, followed by James Hardie, Keysight Technologies, Modine Manufacturing, Palo Alto Networks, Toll Brothers, Viasat & ZTO Express after the session’s closing bell.
Wednesday is relatively quiet, with only Fed President Barkin & Fed Governor Bowman taking part in a Fed Listens event at 12:15 pm.
Target, Canada Goose, Dycom, Lowe’s, Medtronic, TJX, V.F. Corp., Weibo & Wix all report earnings Wednesday morning, followed by Snowflake, Domo, Enersys, LiveRamp, Urban Outfitters & Zoom Communications at the session’s closing bell.
Initial Jobless Claims data comes out Thursday morning at 8:30 am, before S&P Flash U.S. Services PMI & S&P Flash U.S. Manufacturing PMI data come out at 9:45 am, Existing Home Sales Data is released at 10 am & Fed President Williams speaks at 2 pm.
Thursday morning’s earnings calls include Advanced Auto Parts, Analog Devices, ATS Corp., BJ’s Wholesale, Lightspeed, Ralph Lauren & Toronto-Dominion Bank, before Autodesk, Copart, Deckers Outdoor, Intuit, Lions Gate Entertainment, Ross Stores, StepStone Group & Workday after the closing bell.
Friday morning the week winds down with Fed President Schmid speaking at 9:35 am, New Home Sales data at 10 am & Fed Governor Cook speaking at 12 pm.
Booz Allen Hamilton & Buckle both report earnings before Friday’s opening bell.
See you back here next week!
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN SPY, QQQ, IWM OR DIA AT THE TIME OF PUBLISHING THIS ARTICLE***
The VIX closed at 17.24, indicating an implied one day move of +/-1.09% & an implied one month move of +/-4.98% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 5/16/2025’s Close:
1 – PLTR
2 – NRG
3 – AXON
4 – GEV
5 – HWM
6 – NFLX
7 – MOS
8 – TPR
9 – PODD
10 – SMCI
Lowest Technical Rated S&P 500 Components Per 5/16/2025’s Close:
1 – UNH
2 – MRNA
3 – IQV
4 – ARE
5 – ENPH
6 – TECH
7 – ALB
8 – DOW
9 – FI
10 – BDX
Highest Volume Rated S&P 500 Components Per 5/16/2025’s Close:
1 – DFS
2 – UNH
3 – COF
4 – CHTR
5 – FI
6 – EQR
7 – STE
8 – INVH
9 – AIZ
10 – FDS
Lowest Volume Rated S&P 500 Components Per 5/16/2025’s Close:
1 – MPWR
2 – WBA
3 – KKR
4 – TPR
5 – HII
6 – VLTO
7 – GM
8 – ULTA
9 – IPG
10 – ON
Highest Technical Rated ETFs Per 5/16/2025’s Close:
1 – MAXI
2 – ROBN
3 – ETU
4 – EVAV
5 – BTCL
6 – BITU
7 – DFEN
8 – MEXX
9 – TSLG
10 – CONL
Lowest Technical Rated ETFs Per 5/16/2025’s Close:
1 – TSLZ
2 – TSLQ
3 – TSDD
4 – ETHD
5 – MSOX
6 – SOXS
7 – BTCZ
8 – FIAT
9 – SBIT
10 – NVD
Highest Volume Rated ETFs Per 5/16/2025’s Close:
1 – LIAF
2 – UNOV
3 – UMAR
4 – UOCT
5 – LFDR
6 – BNOV
7 – JADE
8 – BMAR
9 – UAPR
10 – KJUN
Lowest Volume Rated ETFs Per 5/16/2025’s Close:
1 – IMAR
2 – IOCT
3 – HYDW
4 – GSID
5 – ASIA
6 – BBEM
7 – OVM
8 – GROZ
9 – THY
10 – SSPY
Highest Technical Rated General Stocks Per 5/16/2025’s Close:
1 – RGC
2 – DFDV
3 – KDLY
4 – ASST
5 – AREN
6 – GRYP
7 – AIJTY
8 – AEVA
9 – RGLS
10 – NWTN
Lowest Technical Rated General Stocks Per 5/16/2025’s Close:
1 – CTHR
2 – DGLY
3 – NCNA
4 – MULN
5 – FMTO
6 – SUNE
7 – XHG
8 – STSS
9 – JBIO
10 – HTCO
Highest Volume Rated General Stocks Per 5/16/2025’s Close:
1 – AFMD
2 – AMST
3 – GORV
4 – SLG
5 – CAPS
6 – AIRE
7 – TC
8 – AAGR
9 – SPCE
10 – HCTI
Lowest Volume Rated General Stocks Per 5/16/2025’s Close:
1 – ACKRF
2 – NGXXF
3 – LTCHF
4 – YERBF
5 – PRFX
6 – ZOOZ
7 – MRAI
8 – CULL
9 – OMQS
10 – ARESF
*** THE LIST ABOVE IS STRICTLY FOR INFORMATIONAL PURPOSES – I MAY OR MAY NOT HAVE OR INITIATE A LONG, SHORT, OR LONG/SHORT POSITION IN ANY NAME ABOVE AT ANY TIME ***
