The VIX closed at 15.77, indicating an implied one day move of +/-0.99% & an implied one month move of +/-4.56% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 2/5/2025’s Close:
1 – PLTR
2 – AXON
3 – UAL
4 – VST
5 – TPR
6 – FFIV
7 – RCL
8 – GEV
9 – CEG
10 – TPL
Lowest Technical Rated S&P 500 Components Per 2/5/2025’s Close:
1 – FMC
2 – MRNA
3 – EIX
4 – AES
5 – EL
6 – SMCI
7 – STZ
8 – CE
9 – BG
10 – MCHP
Highest Volume Rated S&P 500 Components Per 2/5/2025’s Close:
1 – FMC
2 – DAY
3 – FICO
4 – UBER
5 – TECH
6 – JCI
7 – IEX
8 – OMC
9 – MKTX
10 – CMG
Lowest Volume Rated S&P 500 Components Per 2/5/2025’s Close:
1 – UAL
2 – CZR
3 – TPL
4 – SOLV
5 – COO
6 – SNPS
7 – TEL
8 – EQT
9 – CCI
10 – CSX
Highest Technical Rated ETFs Per 2/5/2025’s Close:
1 – FBL
2 – WEBL
3 – PTIR
4 – PSIL
5 – TARK
6 – SKYU
7 – CLDL
8 – TESL
9 – FAS
10 – TSLR
Lowest Technical Rated ETFs Per 2/5/2025’s Close:
1 – MRNY
2 – BCHG
3 – MSOX
4 – TSLZ
5 – TSDD
6 – TSLQ
7 – SARK
8 – KOLD
9 – AMDL
10 – LTCN
Highest Volume Rated ETFs Per 2/5/2025’s Close:
1 – SPC
2 – IVEG
3 – PRAE
4 – LRND
5 – TAFL
6 – GTR
7 – BBMC
8 – MDCP
9 – STOT
10 – BBSB
Lowest Volume Rated ETFs Per 2/5/2025’s Close:
1 – EMCS
2 – PABU
3 – CPLB
4 – FCA
5 – VSHY
6 – GGUS
7 – DYNI
8 – CBLS
9 – UJB
10 – GSID
Highest Technical Rated General Stocks Per 2/5/2025’s Close:
1 – BSXGF
2 – NVNI
3 – MNPR
4 – DXF
5 – WLGS
6 – JYD
7 – IVVD
8 – RGTI
9 – RPID
10 – CPIX
Lowest Technical Rated General Stocks Per 2/5/2025’s Close:
1 – CLEU
2 – GCTK
3 – UPC
4 – MGOL
5 – OMGA
6 – CHSN
7 – STSS
8 – CRKN
9 – ACON
10 – MULN
Highest Volume Rated General Stocks Per 2/5/2025’s Close:
1 – KTTA
2 – SLG
3 – OUT
4 – OGEN
5 – ACB
6 – ACET
7 – UPHL
8 – CPIX
9 – CYN
10 – GAMI
Lowest Volume Rated General Stocks Per 2/5/2025’s Close:
1 – ENZN
2 – OILSF
3 – BETRF
4 – PSYTF
5 – ADAG
6 – ATGN
7 – LIMX
8 – MRAI
9 – PRFX
10 – JDZG
*** 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 17.21, indicating an implied one day move of +/-1.08% & an implied one month move of +/-4.97% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 2/4/2025’s Close:
1 – PLTR
2 – UAL
3 – AXON
4 – TPR
5 – VST
6 – FFIV
7 – RCL
8 – FOX / FOXA
9 – TSLA
10 – IBM
Lowest Technical Rated S&P 500 Components Per 2/4/2025’s Close:
1 – MRNA
2 – SMCI
3 – EIX
4 – AES
5 – STZ
6 – MCHP
7 – ON
8 – CE
9 – EL
10 – PCG
Highest Volume Rated S&P 500 Components Per 2/4/2025’s Close:
1 – IP
2 – PYPL
3 – EL
4 – MRK
5 – CLX
6 – PLTR
7 – BALL
8 – HUBB
9 – J
10 – KKR
Lowest Volume Rated S&P 500 Components Per 2/4/2025’s Close:
1 – BA
2 – MU
3 – CZR
4 – PLD
5 – WDAY
6 – ERIE
7 – JBL
8 – NRG
9 – PARA
10 – CCI
Highest Technical Rated ETFs Per 2/4/2025’s Close:
1 – FBIL
2 – PTIR
3 – WEBL
4 – TSLR
5 – TSLT
6 – TSLL
7 – BABX
8 – AMZZ
9 – TARK
10 – TESL
Lowest Technical Rated ETFs Per 2/4/2025’s Close:
1 – MSOX
2 – TSLZ
3 – MRNY
4 – BCHG
5 – TSDD
6 – TSLQ
7 – YANG
8 – SARK
9 – CNBS
10 – LTCN
Highest Volume Rated ETFs Per 2/4/2025’s Close:
1 – NBFC
2 – PJBF
3 – PBNV
4 – LIAW
5 – LIAG
6 – TBFG
7 – JUNZ
8 – IFEB
9 – HJUL
10 – XYLE
Lowest Volume Rated ETFs Per 2/4/2025’s Close:
1 – KLMT
2 – USCA
3 – GSID
4 – PSMO
5 – VABS
6 – MDCP
7 – GGUS
8 – SEPW
9 – IDUB
10 – FDTB
Highest Technical Rated General Stocks Per 2/4/2025’s Close:
1 – SRNE
2 – DXF
3 – BSXGF
4 – MNPR
5 – NVNI
6 – WLGS
7 – RGTI
8 – CYFRF
9 – REEMF
10 – CAPC
Lowest Technical Rated General Stocks Per 2/4/2025’s Close:
1 – CLEU
2 – CYN
3 – STSS
4 – MGOL
5 – CDT
6 – CRKN
7 – ACON
8 – LPTX
9 – OCEA
10 – YYAI
Highest Volume Rated General Stocks Per 2/4/2025’s Close:
1 – VLCN
2 – OUT
3 – TWO
4 – LTRY
5 – NVVE
6 – AZTR
7 – CPIX
8 – YBGJ
9 – ACHL
10 – EVAX
Lowest Volume Rated General Stocks Per 2/4/2025’s Close:
1 – BRQSF
2 – TDSGF
3 – RNGE
4 – MSTSF
5 – EUBG
6 – CBDBY
7 – GLAI
8 – VASO
9 – PSYTF
10 – PAVS
*** 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 ***
NVDIA Corp. stock trades under the ticker NVDA and has advanced +68.27% over the past year, rising +76.1% since their 52-week low in February of 2024, but has declined -23.82% since their 52-week high on January 7, 2025 (excluding dividends).
The past six days have proven difficult for NVDA, as despite hitting a fresh 52-week high in early January, the news about DeepSeek, tariff jitters & concerns about Federal Reserve policy have all contributed to volatility for the high flying stock that was one of the darlings of 2024.
Yesterday was especially tough, as they gapped down to open below their long-term trend line (200 Day Moving Average), which may signal that there is a large shift on the horizon for NVDA, as well as other names in the technology & A.I. space.
With that in mind, it is important to understand the strength of NVDA’s support & resistance levels in order to get an idea as to how they may trade in the future when prices retest these levels.
Below is a brief technical analysis of NVDA, as well as a price level:volume sentiment analysis of the price levels NVDA has traded at over the ~1 year.
Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.
It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on NVDA.
Technical Analysis Of NVIDIA Corp. NVDA Stock
NVIDIA Corp. NVDA Stock’s Technical Performance Over The Past Year
Their RSI is trending toward the oversold level at 30 & sits currently at 36.81, while their MACD has been bearish for the past week & its histogram is becoming more bearish after yesterday’s -2.84% decline.
Volumes since last Monday have been +38.49% higher than the prior year’s average (508,360,000 vs. 363,455,360), which is a bad sign given that most of that volume has been during declines & consolidation moves.
It is also worth noting that the major index ETFs have had far less volume over this time period, SPY’s last week was -5.93% lower than the prior year’s average, QQQ’s was +3.59% above its average, IWM was -16.66% lower than its average & DIA was -16.99% below its prior year’s average (per last week’s market review note).
That’s a pretty large discrepancy in volume between the indexes & NVDA & should be a cause for concern & something to keep watch of in the coming weeks.
Last Monday’s gap down was written in the stars after the preceding Friday’s high was unable to break above the second highest resistance level of the past year & the day’s candle formed a bearish engulfing pattern with the day prior.
Monday opened on a gap down that skipped through the 10 & 50 day moving averages, tested higher but was unable to touch the $129.51/share resistance point & prices broke down to cross the 200 day moving average’s support bearishly & close beneath it.
The lower shadow on the day’s candle also indicates that there is more downside appetite, but for the day the bulls were able to push prices above it.
Monday’s declining volume also eclipsed all but 3-4 sessions of the previous year based on a quick glance at their chart; sentiment has become questionable.
Tuesday NVDA opened in-line with its 200 day moving average, went lower than Monday’s lowest price, before the bulls stepped in to push prices higher for a gain on the day & a close above the resistance of the 200 day moving average.
Crisis was not averted though, as Wednesday opened lower near the middle of Tuesday’s candle’s real body & broke downward through the 200 DMA’s support, before climbing back up to close just above it, but with a lot of room to the downside covered by its lower shadow.
While Tuesday featured a lot of folks jumping back into the pool, Wednesday saw ~80%+ of that volume as declining, so there is quite a bit of uncertainty in the volume sentiment locally.
Thursday opened on a gap lower, broke down through the long-term trend, but was able to muster up the bullish support to power higher & close the day as an advancing session.
However, two notes of caution: A) that candle resembles a hanging man, but since it is in a consolidation range & not marking a top or bottom it is not a true hanging man (bearish) & B) volumes declined so much from the beginning of the week that it is hard to find anything to be enthusiastic about in terms of losing bearish sentiment.
Friday this was confirmed when NVDA opened slightly lower, pushed higher but got stopped at the $127.85/share level, before puking to close below the 200 DMA.
Monday saw NVDA take another leg lower on an opening gap down to below the $115/share mark & on light volume compared to the prior five days bulls were able to push the prices higher throughout the session to close above their open, but well below Friday’s close & its low.
Monday’s moves also flash a caution sign as the day closed above where it opened, but with that weak of volume vs. the previous five days there was not much bullishness to the move & it seemed more like cautious dip buying & perhaps some monthly rebalancing that was taken as a result of the lower prices.
The next support level to keep an eye on is $115.13, which will be where most market participants’ attention will be for the next week, particularly as over the past year it has been relatively even in that price zone between Buyers & Sellers.
Another area of focus will be the 10 & 200 day moving averages, as after today’s session 5 of the past 7 sessions closed below the long-term trend line & a bearish crossover appears imminent unless prices get squeezed higher.
Should this happen there will be some interesting movement for NVDA’s prices, as the bearish signal may be the catalyst that pushes prices down into a densely concentrated zone of historic Seller dominance over Buyers, which would then allow the 50 DMA time to catch up & also death cross.
There are no support levels between the $115.13 & $100.93/share levels, making it a potential slippery slope, especially when combined with Seller dominance from the $111.99-$97.99/share zone.
It is also worth noting in the section below that there is a NULL zone from $96-97.99/share & that the $95-95.99/share zone is Buyer dominated, but relatively untested as the Seller portion of the ratio (denominator) is 0.
The following section lays out NVDA’s one year support/resistance levels, as well as their Buyer:Seller (Seller:Buyer) ratios at each price level that they’ve traded at over the past ~1 year, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.
Price Level:Volume Sentiment Analysis For NVIDIA Corp. NVDA Stock
The top table below shows the support & resistance levels of XLI from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~1 year, using Monday 2/3/2025’s closing data for their price & moving averages/other technicals.
The moving averages are denoted with bold.
The next charts show the volume sentiment at each individual price level NVDA has traded at over the past ~1 year.
Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.
All ratios with “0” in the denominator are denoted with a “*”.
NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.
This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on NVDA.
Price Level:Volume Sentiment For NVDA Stock Over The Past ~1 Year At Their 1 Year Support & Resistance Levels
Price Level:Volume Sentiment For NVDA Stock Over The Past ~1 Year
NVDA Stock’s Price Level:Volume Sentiment Over The Past ~1 Year
NVDA Stock’s Price Level:Volume Sentiment Over The Past ~1 Year
$154 – NULL – 0:0*, +32.01% From Current Price Level
$152 – NULL – 0:0*, +30.29% From Current Price Level
$150 – NULL – 0:0*, +28.58% From Current Price Level
$148 – Buyers – 3:0*, +26.86% From Current Price Level
$146 – Buyers – 3.38:1, +25.15% From Current Price Level
$144 – Buyers – 1.07:1, +23.44% From Current Price Level
$142 – Sellers – 2.33:1, +21.72% From Current Price Level
$140 – Sellers – 1.46:1, +20.01% From Current Price Level
$138 – Buyers – 1.65:1, +18.29% From Current Price Level
$136 – Buyers – 2.21:1, +16.58% From Current Price Level – 50 Day Moving Average*
$134 – Buyers – 1.31:1, +14.86% From Current Price Level
$132 – Sellers – 2.08:1, +13.15% From Current Price Level
$130 – Sellers – 2.03:1, +11.43% From Current Price Level – 10 Day Moving Average*
$128 – Buyers – 6:1, +9.72% From Current Price Level
$126 – Sellers – 1.6:1, +8.01% From Current Price Level
$124 – Buyers – 2.86:1, +6.29% From Current Price Level
$122 – Sellers – 1.08:1, +4.58% From Current Price Level – 200 Day Moving Average*
$120 – Sellers – 1.6:1, +2.86% From Current Price Level
$118 – Sellers – 1.16:1, +1.15% From Current Price Level
$116 – Buyers – 1.33:1, -0.57% From Current Price Level – Current Price Zone*
$114 – Even – 1:1, -2.28% From Current Price Level
$112 – Buyers – 1.18:1, -3.99% From Current Price Level
$110 – Sellers – 3.1:0*, -5.71% From Current Price Level
$108 – Sellers – 1.85:1, -7.42% From Current Price Level
$106 – Sellers – 1.3:1, -9.14% From Current Price Level
$104 – Buyers – 2.62:1, -10.85% From Current Price Level
$102 – Sellers – 1.03:1, -12.57% From Current Price Level
$100 – Sellers – 2.4:0*, -14.28% From Current Price Level
$99 – NULL – 0:0*, -15.14% From Current Price Level
$98 – Sellers – 1.8:0*, -16% From Current Price Level
$97 – NULL – 0:0*, -16.85% From Current Price Level
$96 – NULL – 0:0*, -17.71% From Current Price Level
$95 – Buyers – 1.4:0*, -18.57% From Current Price Level
$94 – Sellers – 1.29:1, -19.42% From Current Price Level
$93 – NULL – 0:0*, -20.28% From Current Price Level
$92 – Sellers – 1.6:0*, -21.14% From Current Price Level
$91 – NULL – 0:0*, -22% From Current Price Level
$90 – NULL – 0:0*, -22.85% From Current Price Level
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN NVDA STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
The VIX closed at 18.62, indicating an implied one day move of +/-1.17% & an implied one month move of +/-5.38% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 2/3/2025’s Close:
1 – PLTR
2 – AXON
3 – UAL
4 – TPR
5 – VST
6 – FFIV
7 – GEV
8 – RCL
9 – CEG
10 – IBM
Lowest Technical Rated S&P 500 Components Per 2/3/2025’s Close:
1 – SMCI
2 – MRNA
3 – EIX
4 – AES
5 – CE
6 – MCHP
7 – ON
8 – STZ
9 – ENPH
10 – PCG
Highest Volume Rated S&P 500 Components Per 2/3/2025’s Close:
1 – DECK
2 – BEN
3 – AMCR
4 – GM
5 – UPS
6 – IDXX
7 – CLX
8 – TSN
9 – STZ
10 – HUBB
Lowest Volume Rated S&P 500 Components Per 2/3/2025’s Close:
1 – WDAY
2 – DXCM
3 – BA
4 – CVS
5 – ABNB
6 – ICE
7 – EW
8 – MU
9 – SRE
10 – CCI
Highest Technical Rated ETFs Per 2/3/2025’s Close:
1 – FBL
2 – WEBL
3 – TSLR
4 – TSLT
5 -BITW
6 – TSLL
7 – BITU
8 – AMZZ
9 – TSL
10 – TARK
Lowest Technical Rated ETFs Per 2/3/2025’s Close:
1 – MSOX
2 – BCHG
3 – TSLZ
4 – MRNY
5 – TSDD
6 – TSLQ
7 – CNBS
8 – SBIT
9 – LTCN
10 – KOLD
Highest Volume Rated ETFs Per 2/3/2025’s Close:
1 – VSHY
2 – SIXF
3 – PBFB
4 – VABS
5 – GGME
6 – FEBT
7 – FLHK
8 – UTRN
9 – FEBP
10 – BFEB
Lowest Volume Rated ETFs Per 2/3/2025’s Close:
1 – USCA
2 – CCNR
3 – MDCP
4 – USCL
5 – QMAG
6 – GSID
7 – MDLV
8 – SEPM
9 – OVLH
10 – NPFI
Highest Technical Rated General Stocks Per 2/3/2025’s Close:
1 – BBIG
2 – NVNI
3 – DXF
4 – BSXGF
5 – CAPC
6 – WLGS
7 – CYFRF
8 – RGTI
9 – MNPR
10 – DWTX
Lowest Technical Rated General Stocks Per 2/3/2025’s Close:
1 – CLEU
2 – CYN
3 – MGOL
4 – CHSN
5 – STSS
6 – CRKN
7 – CDT
8 – RTC
9 – GCTK
10 – LPTX
Highest Volume Rated General Stocks Per 2/3/2025’s Close:
1 – HCWB
2 – IVVD
3 – SGLY
4 – ZBAI
5 – SOPA
6 – BCTX
7 – GHRS
8 – UOKA
9 – MAMA
10 – REBN
Lowest Volume Rated General Stocks Per 2/3/2025’s Close:
1 – TIMCF
2 – NSFDF
3 – STEK
4 – BNPQF
5 – LBRMF
6 – SROYF
7 – YJ
8 – PFLC
9 – SNANF
10 – ANKOF
*** 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 fell -1.01% last week, while the VIX closed at 16.43, indicating an implied one day move of +/-1.04% & an implied one month move of +/-4.75%.
SPY ETF – SPDR S&P 500 ETF’s Technical Performance Over The Past Year
Their RSI is trending down towards the neutral level & sits currently at 53.91, while their MACD has curled over bearishly & looks set for a bearish crossover by the end of Tuesday’s session.
Volumes were -5.93% lower than the previous year’s average level (51,584,000 vs. 54,836,494), which is weak participation, but validates that there is indeed some risk aversion settling into stock prices in the near-term.
Monday, the week kicked off on a gap down that opened just below the resistance of the 50 day moving average, but throughout the day market participants rushed back in & managed to push SPY above both the 50 & 10 day moving averages.
Seller volume was the second highest it’s been so far in 2025, indicating that there was a severe urgency to sell SPY & its component stocks, but that there was also quite a few folks hopping back into the pool as well, given that the day ended higher than it opened.
Tuesday showed a glimmer of strength, where on the third highest volume of the week SPY managed to grind higher, but not without testing back below the 10 DMA’s support briefly.
Wednesday flashed the warning signals again, when on the week’s lightest volume SPY opened lower, tested again below the 10 DMA, only to settle in line with it’s support & form a bearish harami pattern with Tuesday’s candle.
Thursday managed to open higher, but again tested below the 10 DMA’s support before powering higher to close as an up day on light volume, indicating that there was not much strength of sentiment behind the move.
The spinning top candle also added a greater sense of uncertainty to SPY’s near-term performance, but the 10 day moving average continued to be straddled & a key area to watch.
Friday saw the brakes get slammed, as SPY opened higher, tested the $610/share limit, before being sent down & breaking through the support of the 10 DMA to close below it on a -0.53% session.
Friday’s volume was the second highest of the week, and third highest of the year, indicating that there was unease among market participants.
It should also be noted that Friday’s candle formed a bearish engulfing pattern with Thursday’s, another bit of negative near-term sentiment.
The coming week holds a plethora of earnings calls, with some of the most notable coming from Amazon, Alphabet & Disney.
Prices look ready to consolidate between the 10 & 50 DMAs until given a direction to break out in, which will likely come from the earnings reports of the week, else from any of the number of Fed speakers that are scheduled for the coming days.
As noted in prior weeks’ notes, any move to the upside will require a great deal of advancing volume to have sticking power, particularly as SPY is so close to all-time highs.
To the downside, if the 50 day moving average’s support doesn’t hold up, SPY may have some trouble as there are no support levels until $584.15/share.
The reason that this is troublesome is that while the price zones between there & Friday’s close are historically dominated by Buyers, the $580-584.99/share price zone is Seller dominated over the past 2-3 years, at a rate of 2.1:1.
If we see that break down there is not much strength of historic buyers until the $580-584.99/share price level, which contains two support levels.
Volume will be a key factor to watch in any market movement, as at these price levels it will be important to have confirmation by active market participation, as even in the event of a consolidation range continuing all week it will give clues into which way market participants are leaning, be it more risk-on or risk-off.
The chart below gives insight into volume sentiment at the price levels SPY has traded at over the past 2-3 years.
SPY has support at the $596.43 (50 Day Moving Average, Volume Sentiment: Buyers, 2.5:1), $584.15 (Volume Sentiment: Sellers, 2.1:1), $580.91 (Volume Sentiment: Sellers, 2.1:1) & $575.35/share (Volume Sentiment: Buyers, 1.08:1) price levels, with resistance at the $602.48 (Volume Sentiment: Even, 1:1), $603.73 (50 Day Moving Average, Volume Sentiment: Even, 1:1), $607.03 (Volume Sentiment: Buyers, 0.8:0*) & $610.78/share (All-Time High, Volume Sentiment: NULL, 0:0*) price levels.
SPY ETF’s Price Level:Volume Sentiment Over The Past ~2-3 Years
QQQ, the Invesco QQQ Trust ETF declined -1.39% last week, as investors were most weary of the tech-heavy index out of the four major ETFs.
QQQ ETF – Invesco QQQ ETF’s Technical Performance Over The Past Year
Their RSI has flattened out just above the neutral 50 mark at 52.07, while their MACD is still bullish but has also flattened out & their histogram indicates that there will be a bearish crossover by Tuesday.
Volumes were +3.59% higher than the previous year’s average (37,378,000 vs. 36,082,271), which is a slight cause for concern given that the week ultimately resulted in declines & the top two highest volume sessions were declining.
Much like SPY, QQQ opened the week on a gap down on the highest volume of the week, setting the stage for near-term weakness to set in.
QQQ however, opened below the 10 & 50 day moving averages, temporarily broke above them, before closing below both, but higher than the day opened, indicating that market participants were willing to accept some risk as the session went on.
Tuesday opened higher, retraced down almost to Monday’s opening level, before tearing above the 50 day moving average’s resistance & the 10 DMA’s resistance & managed to settle for the day atop both, with a small upper shadow indicating that there was a slight bit of more upside appetite.
On Wednesday reality set in to remind QQQ investors that it’s not out of the woods just yet, as the session opened slightly higher, before tumbling below the 10 day moving average’s support, going so far down as to test the 50 day moving average, before regaining some of its losses to close below the 10 DMA.
Volume on Wednesday was the lightest of the week, which is a bit alarming when you consider the wide range of prices that were touched intraday, as well as the fact that there were multiple tests & retests of the 10 & 50 DMAs.
Thursday the risk off sentiment continued, as despite gapping higher on the open, the day resulted in a spinning top candle that closed lower than its open, indicating that there was a bit on uneasiness in the market for QQQ, which when coupled with the week’s second lowest volume becomes even more apparent.
Friday, much like SPY, QQQ formed a bearish engulfing pattern after opening on a gap up, temporarily testing higher, before dropping to below the support of the 10 day moving average & closing below it.
Volume was second highest for the week on Friday, which when paired with Monday’s highest volume of the week session paints a bit of a bleak picture for QQQ in the near-term.
Much like SPY, this week expect to see QQQ oscillate between the support of the 50 day moving average & the resistance of the 10 day moving average until a catalyst pushes it to break out either up or down.
For any staying power to an upside move there will need to be volume as strong as this past week, if not stronger, especially given that their price is currently in a Seller dominated zone historically.
This will require a bit of an extra push to continue prices moving higher from, as the next resistance levels after the 10 DMA are all in Seller dominated zone as well, so there will need to be a great deal of added enthusiasm for QQQ to continue higher.
To the downside, there’s Seller pressure for the next -2.35% before the Buyers have historically stepped in.
However, if the $508.47/share level breaks down there will be additional losses given that the next support level doesn’t occur until $499.70.
QQQ has support at the $517.82 (50 Day Moving Average, Volume Sentiment: Sellers, 1.33:1), $514.75 (Volume Sentiment: Sellers, 1.38:1), $510.15 (Volume Sentiment: Sellers, 1.38:1) & $508.47/share (Volume Sentiment: Buyers, 2.6:1) price levels, with resistance at the $524.25 (10 Day Moving Average, Volume Sentiment: Sellers, 1.18:1), $531.24 (Volume Sentiment: Sellers, 0.6:0*), $533.82 (Volume Sentiment: Sellers, 0.6:0*) & $538.28/share (All-Time High, Volume Sentiment: Buyers, 0.7:0*) price levels.
QQQ ETF’s Price Level:Volume Sentiment Over The Past ~2-3 Years
IWM ETF – iShares Russell 2000 ETF’s Technical Performance Over The Past Year
Their RSI is about to cross down through the neutral 50 level & currently is at 50.62, while their MACD has curled over bearishly & should cross through the signal line by mid-week.
Volumes were -16.66% lower than the prior year’s average (25,104,000 vs. 30,121,000), as there was muted participation among investors for IWM.
Monday began on a cautious note, as the day tested the 10 day moving average’s support, as well as the 50 day moving average’s resistance, but ultimately settled as a spinning top candle on the second highest volume of the week after opening on a gap down.
Tuesday opened higher, tested higher, then temporarily went below the support of the 10 day moving average, in a session that closed as a doji on the week’s lowest level of volume.
This signaled that there was bearish sentiment on the horizon, but prices managed to close above the 10 DMA.
Wednesday this theme of weakness carried on, as on lackluster volume the day resulted in a high wave spinning top candle that opened in line with the 10 DMA, but closed below it, indicating that there was a lot of confusion and speculation about where to value IWM, but at the end of the day the result was resoundingly lower.
Thursday opened on a gap higher, but uneasiness was abound as the high wave candle broke above the 50 DMA’s resistance & below the 20 DMA’s support, only to close in-line with its opening price.
Friday opened on a gap higher & went above the 50 DMA again & also briefly crossed $230/share again, but ultimately was unable to find any footing & on the week’s strongest volume IWM declined through the 10 DMA’s support to close below it.
For this coming week expect to see IWM continue to straddle the 10 day moving average until there is a catalyst that pushes it higher or lower.
Much like SPY & QQQ, any upside movement will require a large increase in volume, as IWM is currently in a Seller dominated zone & will enter another in the event that they advance +2.44%.
A unique trouble for IWM though is that in this current price zone sit the next four resistance levels & the $227.17-18 mark will require a large push to break through & stay above.
To the downside there is some Buyer pressure once the $23.99 share price is hit, but if IWM loses -4.63% from Friday’s close it will find itself in another Seller zone & the strength of the Buyers on the two zones in between will become more diluted (unless they are completely gapped over, which will present a unique set of challenges).
Also, the current price is 5.2% above the long-term trend (200 DMA) & that will become something to begin thinking about in the next two weeks, especially if there is no catalyst higher, as the 200 DMA is currently in a Seller dominated zone 1.29:1, which increases the risk of the long-term trend breaking down for IWM.
IWM has support at the $225.73 (Volume Sentiment: Sellers, 3:1), $225.20 (Volume Sentiment: Sellers, 3:1), $223.51 (Volume Sentiment: Buyers, 1.92:1) & $221.04/share (Volume Sentiment: Buyers, 1.92:1) price levels, with resistance at the $226.50 (Volume Sentiment: Sellers, 3:1), $227.17 (Volume Sentiment: Sellers, 3:1), $227.18 (Volume Sentiment: Sellers, 3:1) & $227.61/share (10 Day Moving Average, Volume Sentiment: Sellers, 3:1) price levels.
IWM ETF’s Price Level:Volume Sentiment Over The Past ~2-3 Years
DIA ETF – SPDR Dow Jones Industrial Average ETF’s Technical Performance Over The Past Year
Their RSI is trending back towards neutral after flirting with the overbought 70 level & sits currently at 61.43, while their MACD has curled over bearishly & their histogram has begun to wane, indicating that there is likely going to be a bearish crossover by mid-week.
Volumes were -16.99% lower than the prior year’s average level (2,738,000 vs. 3,298,566), which makes the small weekly gain rather insignificant.
Most of DIA’s gains for the week can be attributed to Monday’s performance, which resulted in a bullish engulfing candle that set up the rest of the week for a bit of floundering & consolidation.
Monday had the highest volume of the week, which also speaks to the true strength of the move, as there was not much eagerness for market participants to ride the wave higher during the rest of the week.
Tuesday opened on a gap higher, but the enthusiasm waned quickly as the week’s lightest volume session pushed higher, but was rejected at the $450/share price level & closed at $448.41.
Wednesday the cracks began to show in DIA, as while the day’s candle did not result in a bearish engulfing pattern, it was close to one & ultimately the day ended as a declining spinning top on low volume, showing a severe level of confusion lack of interest among market participants.
Thursday resulted in a bullish engulfing candle, but again the volume came in very underwhelming & yet again the $450/share price level held up, making a run at the all-time high seem less & less likely.
Friday wiped any potential enthusiasm away though, with a gap up open that led to a -0.76% declining session on the week’s second highest volume, as the all-time high held up & the day’s candle created a bearish engulfing pattern.
This week all eyes will be on whether or not the all-time high holds up or if the $450/share gets rejected once & for all & a double top forms.
Should this occur, keep in mind that DIA’s current price & first level of support (the 10 DMA) are both in a Seller dominated zone.
While Buyers have historically stepped in for the next -3.9% from Friday’s closing price, if the 50 day moving average breaks down the $428.24/share price level will become the next-most important place to watch, as it leads into another historically Seller dominated zone (3:1).
Without a major surge in volume & should there be no major splashes due to earnings, expect prices to consolidate between the 10 & 50 day moving averages until there is a reason for a breakout.
Once there is a breakout, ensure that there is proper volume supporting the move, given that DIA is just off of all-time highs.
DIA has support at the $444.25 (10 Day Moving Average, Volume Sentiment: Sellers, 1.25:1), $443.15 (Volume Sentiment: Buyers, 1.67:1), $436.53 (50 Day Moving Average, Volume Sentiment: Buyers, 1.6:1) & $433.51/share (Volume Sentiment: Buyers, 2.67:1) price levels, with resistance at the $450.08/share (All-Time High, Volume Sentiment: Buyers, 0.4:0*) price levels.
DIA ETF’s Price Level:Volume Sentiment Over The Past ~3-4 Years
The Week Ahead
Monday the week begins with S&P Final U.S. Manufacturing PMI data at 9:45 am, followed by Construction Spending & ISM Manufacturing data at 10 am & Fed President Bostic speaking at 12 pm.
IDEXX Laboratories, Napco Security Systems, Saia, Twist Bioscience & Tyson Foods all report earnings before Monday’s opening bell, with AECOM, BellRing Brands, Cabot, Capital Southwest, Clorox, Equity Residential, Fabrinet, Healthpeak Properties, J&J Snack Foods, Kforce, Kyndryl, MGIC Investment, NJ Resources, NXP Semiconductors, Palantir Technologies, Rambus, Tempus AI & Woodward scheduled to report after the session’s close.
Job Openings & Factory Orders data are released Tuesday at 10 am, followed by Fed President Bostic speaking on Housing at 11 am, Fed President Daly speaking at 2 pm & Fed Vice Chairman Jefferson speaking at 7:30 pm.
Tuesday morning’s earnings calls include Amcor, Ametek, Aramark, Archer-Daniels-Midland, ATI Inc., Atkore International, Ball Corp, Berry Global, Centene, CNH Industrial, Colliers International Group, Cummins, Energizer, Enterprise Products, Estee Lauder, Ferrari, Fox Corp, Gartner, Graphic Packaging, Hamilton Lane, Hubbell, Ingredion, InMode, Jacobs Solutions, Kiniksa Pharmaceuticals, KKR, Lancaster Colony, Marathon Petroleum, Merck, MPLX LP, MSG Sports, Oaktree Specialty Lending Corp, PayPal Holdings, Pentair, PepsiCo, Pfizer, PJT Partners, Silicon Labs, Spotify Technology, Transdigm Group, UBS, UL Solutions, WEC Energy Group, Willis Towers Watson & Xylem, before Alphabet, 8×8, A10 Networks, Advanced Micro Devices, Allegiant Travel, Amdocs, American Financial Group, Amgen, Artisan Partners Asset Management, Aspen Technology, Atmos Energy, AZEK, Carlisle Companies, Chipotle Mexican Grill, Cirrus Logic, Columbia Sportswear, Douglas Emmett, DXC Technology, Electronic Arts, Enova International, Enphase Energy, Essex Property, Fair Isaac, FMC Corp, Golub Capital, H & R Block, Hanover Insurance, ICHOR Corp, IDEX Corp, Intapp, Jack Henry, Juniper Networks, Kulicke & Soffa, Lumen Technologies, Match Group, Mattel, Mercury, Modine Manufacturing, Mondelez International, Mueller Water, NOV Inc., O-I Glass, Omnicom, Oscar Health, Prudential, Rush Enterprises, Simon Properties, Skyline Champion, Snap, Unum Group, Varonis Systems, Veralto, Voya Financial, Western Union & Zurn Elkay Water Solutions report following the session’s closing bell.
Wednesday morning features ADP Employment data at 8:15, followed by U.S. Trade Deficit data at 8:30 am, Fed President Barkin speaking at 9 am, S&P Final U.S. Services PMI data at 9:45 am, ISM Services data at 10 am, Fed President Goolsbee speaking at 1 pm, Fed Governor Bowman speaking at 3 pm & Fed Vice Chairman Jefferson speaking at 7:30 pm.
Walt Disney, Ares Capital, Ares Management, ATS Corp, Azenta, Bio-Techne, Boston Scientific, Bunge, Capri Holdings, CDW, Cencora, Centuri Holdings, Criteo, Dayforce, Emerson, Evercore, FirstService, Fiserv, Gildan Activewear, GlaxoSmithKline, Griffon, Harley-Davidson, Illinois Tool Works, Johnson Controls, Kennametal, KinderCare Learning Companies, New York Times, Old Dominion Freight Line, Performance Food Group, Reynolds Consumer Products, RXO, South Bow, Spire, StandardAero, Stanley Black & Decker, T. Rowe Price, Timken, Uber Technologies, Vishay & Yum! Brands are all due to report earnings before Wednesday’s opening bell, followed by Aflac, Align Technology, Allstate, Alpha and Omega Semiconductor, Amentum Holdings, Arm Holdings, ASGN Inc, AvalonBay, Black Hills, BrightView, Central Garden, Cognizant Technology Solutions, Coherent, CONMED, Corpay, Corteva, Crown Holdings, CSG Systems, Curbline Properties, Deluxe, DHT, Digi International, Digital Turbine, Enersys, Envista, Equitable Holdings, First Industrial Realty, Ford Motor, FormFactor, Franco-Nevada, Globe Life, Hillenbrand, Hologic, Horace Mann, Impinj, Kemper, LandBridge, LiveRamp, Manulife Financial, McKesson, MetLife, MicroStrategy, Mid-America Apartment Communities, Moelis, Molina Healthcare, Murphy USA, Netgear, News Corp., O’Reilly Automotive, Omega Healthcare Investors, Paycor, PTC, Qiagen, Radian Group, Rayonier, Regal Rexnord, Rexford Industrial Realty, Safehold, Silicon Motion, SiTime, Skyworks Solutions, Steris, Stewart Information Services, Suncor Energy, Symbotic, Tenable Holdings, TTM Technologies, UDR, UGI Corp, Viking Therapeutics & WEX after the session’s close.
Initial Jobless Claims & U.S. Productivity data are released Thursday at 8:30 am, followed by Fed Governor Waller speaking at 2:30 pm & Fed President Logan speaking at 5:10 pm.
Thursday morning’s earnings calls include Advanced Drainage Systems, AGCO Corp, Air Products and Chemicals, AllianceBernstein, Aptiv, ArcelorMittal, Arrow Electronics, AstraZeneca, BCE Inc, Becton Dickinson, Belden, BorgWarner, Bristol-Myers Squibb, Canada Goose, Clearfield, CMS Energy, ConocoPhillips, Eli Lilly, Embecta, Entegris, Equifax, Equinox Gold, First Majestic Silver, Gates Industrial, Haemonetics, Hershey Foods, Hilton, Honeywell, Huntington Ingalls, Insight Enterprises, InterDigital, IQVIA, ITT, Kellanova, Kelly Services, Kenvue, Labcorp Holdings, Lightspeed, Lincoln National, Linde, MACOM Technology Solutions, MarketAxess, MasterCraft, MDU Resources, nVent Electric, Omnicell, Open Text, Patrick Industries, Peabody Energy, Peloton Interactive, Prestige Consumer, Ralph Lauren, Roblox, Snap-On, Spectrum Brands, Tapestry, Thomson Reuters, Tradeweb Markets, Under Armour, Valvoline, Warner Music Group, Xcel Energy, XPO, Yum China & Zimmer Biomet, beforeAffirm Holdings, Amazon, AptarGroup, Bill.com, Boyd Gaming, Camden Property, Cloudflare, CNO Financial, COPT Defense Properties, Cousins Properties, Doximity, e.l.f. Beauty, EastGroup, Encompass Health, ESCO Technologies, Expedia Group, Exponent, Fortinet, Fortune Brands Innovations, Genpact, GoPro, Hub Group, Illumina, Innovex International, Leslie’s, Lions Gate Entertainment, Lumentum, Mettler-Toledo, Microchip, Minerals Technologies, Mohawk Industries, Monolithic Power, NMI Holdings, Onto Innovation, Paylocity, Phillips Edison, Pinterest, Post, Powell Industries, Principal Financial Group, PROS Holdings, Qualys, QuinStreet, Regency Centers, Reinsurance Group of America, Skechers USA, Sonos, SS&C Technologies, StepStone Group, Synaptics, Take-Two Interactive Software, Varex Imaging, VeriSign, Victory Capital, WEBTOON Entertainment, Werner Enterprises, Wheaton Precious Metals report following the session’s close.
Friday the week winds down with U.S. Employment Report, U.S. Unemployment Rate, U.S. Hourly Wages & Hourly Wages Year-over-Year data at 8:30 am, followed by Fed Governor Bowman speaking at 9:25 am, Wholesale Inventories data & Consumer Sentiment (prelim) at 10 am & Consumer Credit data at 3 pm.
Avantor, Cboe Global Markets, Construction Partners, Flowers Foods, Fortive, Frontier Group Holdings, Green Plains, Kimco Realty, Newell Brands, Perella Weinberg Partners, Plains All American, Protolabs & Telus all report earnings before Friday morning’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 16.43, indicating an implied one day move of +/-1.04% & an implied one month move of +/-4.75% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 1/31/2025’s Close:
1 – PLTR
2 – UAL
3 – AXON
4 – TPR
5 – GEV
6 – VST
7 – TSLA
8 – RCL
9 – FFIV
10 – CCL
Lowest Technical Rated S&P 500 Components Per 1/31/2025’s Close:
1 – SMCI
2 – MRNA
3 – EIX
4 – AES
5 – ENPH
6 – CE
7 – MCHP
8 – ON
9 – STZ
10 – DG
Highest Volume Rated S&P 500 Components Per 1/31/2025’s Close:
1 – ERIE
2 – DECK
3 – IP
4 – BEN
5 – ES
6 – HRL
7 – FDS
8 – K
9 – PFG
10 – DOC
Lowest Volume Rated S&P 500 Components Per 1/31/2025’s Close:
1 – CNC
2 – APO
3 – DAL
4 – BA
5 – WELL
6 – WDAY
7 – EW
8 – DXCM
9 – GEHC
10 – ELV
Highest Technical Rated ETFs Per 1/31/2025’s Close:
1 – TSLR
2 – TSLT
3 – TSLL
4 – WEBL
5 – FBL
6 – TESL
7 – BITW
8 – TSL
9 – BITU
10 – TARK
Lowest Technical Rated ETFs Per 1/31/2025’s Close:
1 – MSOX
2 – TSLZ
3 – TSDD
4 – TSLQ
5 – BCHG
6 – CNBS
7 – SBIT
8 – MRNY
9 – SARK
10 – LTCN
Highest Volume Rated ETFs Per 1/31/2025’s Close:
1 – LIAG
2 – LIAU
3 – LIAC
4 – LFAF
5 – LIAW
6 – LIAT
7 – LIAP
8 – LIAV
9 – IFEB
10 – BCHP
Lowest Volume Rated ETFs Per 1/31/2025’s Close:
1 – MVFD
2 – FDCE
3 – GTR
4 – FDGR
5 – GSPY
6 – TAFL
7 – EVUS
8 – ZTWO
9 – PBDE
10 – SSPY
Highest Technical Rated General Stocks Per 1/31/2025’s Close:
1 – BBIG
2 – BSXGF
3 – NVNI
4 – WLGS
5 – MNPR
6 – RGTI
7 – CYFRF
8 – CAPC
9 – SEVCD
10 – DWTX
Lowest Technical Rated General Stocks Per 1/31/2025’s Close:
1 – MGOL
2 – CHSN
3 – CRKN
4 – CYN
5 – STSS
6 – LICN
7 – MULN
8 – ACON
9 – CDT
10 – YYAI
Highest Volume Rated General Stocks Per 1/31/2025’s Close:
1 – TCTM
2 – CYCN
3 – OUT
4 – REBN
5 – TDTH
6 – PMNT
7 – MAMA
8 – TTNMF
9 – SOPA
10 – NLSP
Lowest Volume Rated General Stocks Per 1/31/2025’s Close:
1 – OFSTS
2 – CYAN
3 – RDEXF
4 – RNLXY
5 – AVCNF
6 – ZBAI
7 – HMTXF
8 – IDKFF
9 – VS
10 – GIKLY
*** 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 15.84, indicating an implied one day move of +/-1.00% & an implied one month move of +/-4.58% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 1/30/2025’s Close:
1 – PLTR
2 – UAL
3 – VST
4 – TPR
5 – GEV
6 – RCL
7 – AXON
8 – FFIV
9 – CCL
10 – TSLA
Lowest Technical Rated S&P 500 Components Per 1/30/2025’s Close:
1 – SMCI
2 – EIX
3 – MRNA
4 – ENPH
5 – AES
6 – CE
7 – MCHP
8 – ON
9 – EA
10 – STZ
Highest Volume Rated S&P 500 Components Per 1/30/2025’s Close:
1 – UPS
2 – JNPR
3 – OKE
4 – NOW
5 – AVY
6 – IBM
7 – CMCSA
8 – TER
9 – CHRW
10 – DGX
Lowest Volume Rated S&P 500 Components Per 1/30/2025’s Close:
1 – HON
2 – SMCI
3 – WDAY
4 – CTAS
5 – PNW
6 – TGT
7 – CBOE
8 – TPL
9 – HPQ
10 – SOLV
Highest Technical Rated ETFs Per 1/30/2025’s Close:
1 – TSLR
2 – TSLT
3 – BITU
4 – TSLL
5 – BITW
6 – FBL
7 – WEBL
8 – BABX
9 – TESL
10 – BTFX
Lowest Technical Rated ETFs Per 1/30/2025’s Close:
1 – MSOX
2 – TSLZ
3 – TSDD
4 – TSLQ
5 – SBIT
6 – BCHG
7 – YANG
8 – SARK
9 – CNBS
10 – MRNY
Highest Volume Rated ETFs Per 1/30/2025’s Close:
1 – PBFB
2 – KROP
3 – CGGE
4 – EMCC
5 – VNSE
6 – DDWM
7 – MEDI
8 – PBAP
9 – USDX
10 – BKWO
Lowest Volume Rated ETFs Per 1/30/2025’s Close:
1 – CPLB
2 – OVT
3 – UJB
4 – CVRD
5 – BGIG
6 – PSMO
7 – TBFC
8 – FEDM
9 – IVVB
10 – CLOX
Highest Technical Rated General Stocks Per 1/30/2025’s Close:
1 – BBIG
2 – BSXGF
3 – CYFRF
4 – NVNI
5 – WLGS
6 – MNPR
7 – EXOD
8 – RGTI
9 – SEVCD
10 – DWTX
Lowest Technical Rated General Stocks Per 1/30/2025’s Close:
1 – CLEU
2 – MGOL
3 – CHSN
4 – STSS
5 – MULN
6 – CDT
7 – YYAI
8 – RTC
9 – WNW
10 – CERO
Highest Volume Rated General Stocks Per 1/30/2025’s Close:
1 – TWO
2 – KZIA
3 – FOXX
4 – BHIL
5 – ATHE
6 – OUT
7 – ZAPP
8 – NAOV
9 – DOMH
10 – CRGX
Lowest Volume Rated General Stocks Per 1/30/2025’s Close:
1 – PYFRF
2 – SPIEF
3 – DMXCF
4 – VHIBF
5 – DTEGF
6 – BNPQF
7 – MGIH
8 – CYAN
9 – PAVS
10 – LEDS
*** 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 ***
XLI, the Industrial Select Sector SPDR Fund ETF has had a strong year, advancing +20.69% Y-o-Y, including a 22.09% gain since its 52-week low in January of 2024 & sits currently just -4.65% below its 52-week high set in November of 2024 (all figures distributions).
Some of XLI’s biggest holdings include General Electric (GE), Caterpillar Inc. (CAT), RTX Corp. (RTX), Honeywell International Inc. (HON), Uber Technologies Inc. (UBER), Union Pacific Corp. (UNP), Eaton Corp PLC. (ETN), Boeing Co. (BA), Automatic Data Processing (ADP) & Deere + CO. (DE).
Industrials had a difficult December, but were able to bounce back temporarily during January, but have not found stable footing to continue their advance.
Monday’s gap down session also did not help the floundering sector ETF & it will be interesting to see what happens to XLI as earnings season continues.
Below is a brief technical analysis of XLI, as well as a price level:volume sentiment analysis of the price levels XLI has traded at over the ~2-3 years.
Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.
It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on XLI.
XLI, The Industrial Select Sector SPDR ETF’s Technical Performance Broken Down
XLI ETF – Industrial Select Sector SPDR Fund ETF’s Technical Performance Over The Past Year
Their RSI is trending back towards neutral & currently sits at 53.65, while their MACD is bullish, but has curled over heading bearishly towards the signal line & their histogram is signaling weakness after Monday’s gap down session.
Volumes over the past week & a half have been +4.55% above the prior year’s average level (8,872,857.14 vs. 8,486,944.44), which is a slight cause for concern given that most of those sessions have shown declines.
Last Tuesday opened up the short holiday week on a gap up session following the previous Friday’s doji close.
Tuesday’s advance also came on the highest volume that XLI has seen so far in 2025.
Wednesday there was some profit taking after XLI opened on a gap up but wound up closing the session lower, before Thursday saw another advance.
Both Wednesday & Thursday were on light volumes, indicating that there was some hesitancy among market participants & signaling that there was a high likelihood that the window created by Tuesday’s session was likely to be closed soon.
Friday confirmed this, when XLI opened slightly below Thursday’s close & continued down to close below Thursday’s opening price & showed a lower shadow that indicated that there was more downside appetite.
Monday the fireworks started as the session opened on a gap down with the second highest volume of 2025 to date & the day resulted in a spinning top.
While the session managed to close higher than it opened, there was still a lot of uncertainty & negative sentiment given that the day’s candle was a spinning top & the declining volume was so high.
This theme continued on Tuesday when XLI opened higher, but began to decline & tested & broke through the support of the 10 day moving average, but managed to close relatively in-line with it on volumes that eclipsed most of the previous week’s.
Tuesday’s candle formed a bearish engulfing pattern with Monday’s & signaled that there is further weakness on the horizon for XLI.
This was confirmed Wednesday, when sellers came out in larger numbers than the previous day to test the 10 DMA’s resistance, get rejected & continue lower for a decline of -0.34%.
XLI’s price is now between the 10 & 50 day moving averages where it is likely to stay for the coming days in a consolidation range unless there is news on the earnings or economic data front that force a breakout in either direction.
Any upside movement will require a significant increase in volume to remain sustainable in the wake of the recent sell-off of XLI.
It is also important to note that once prices break down below the $137.13 support level there is no support for another -3.12% & the entire walk down is through price zones that over the past ~2-3 years have been dominated by Sellers.
It is also worth noting that the 10 DMA’s resistance is in a historically Seller dominated zone as well, which will make it more difficult to break out from.
The following section lays out XLI’s one year support/resistance levels, as well as their Buyer:Seller (Seller:Buyer) ratios at each price level that they’ve traded at over the past ~2-3 years, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.
Price Level:Volume Sentiment For XLI, The Industrials Select Sector SPDR ETF
The top table below shows the support & resistance levels of XLI from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~2-3 years, using Wednesday 1/29/2025’s closing data for their price & moving averages/other technicals.
The moving averages are denoted with bold.
The next charts show the volume sentiment at each individual price level XLI has traded at over the past ~2-3 years.
Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.
All ratios with “0” in the denominator are denoted with a “*”.
NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.
This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLI.
XLI ETF’s Price Level:Volume Sentiment Over The Past ~2-3 Years
XLI ETF’s Price Level:Volume Sentiment Over The Past ~2-3 Years
Price Level:Volume Sentiment For XLI ETF Over The Past ~2-3 Years
$144 – NULL – 0:0*, +4.51% From Current Price Level
$142 – Buyers – 3:1, +3.06% From Current Price Level
$140 – Buyers – 4:1, +1.6% From Current Price Level
$138 – Sellers – 1.83:1, +0.15% From Current Price Level – 10 Day Moving Average*
$136 – Sellers -1.63:1, -1.3% From Current Price Level – Current Price Level & 50 Day Moving Average**
$134 – Sellers – 1.06:1, -2.75% From Current Price Level
$132 – Sellers – 1.06:1, -4.2% From Current Price Level
$130 – Sellers – 2.25:1, -5.65% From Current Price Level
$128 – Buyers – 3.67:1, -7.11% From Current Price Level – 200 Day Moving Average*
$126 – Buyers – 2.56:1, -8.56% From Current Price Level
$124 – Buyers – 1.38:1, -10.01% From Current Price Level
$122 – Buyers – 1.09:1, -11.46% From Current Price Level
$120 – Buyers – 1.2:1, -12.91% From Current Price Level
$118 – Sellers – 2.24:1, -14.36% From Current Price Level
$116 – Buyers – 5:1, -15.81% From Current Price Level
$114 – Buyers – 2.5:1, -17.27% From Current Price Level
$112 – Buyers – 3.33:1, -18.72% From Current Price Level
$110 – Sellers – 1.03:1, -20.17% From Current Price Level
$108 – Buyers – 1.14:1, -21.62% From Current Price Level
$106 – Buyers – 1.73:1, -23.07% From Current Price Level
$104 – Buyers – 1.19:1, -24.52% From Current Price Level
$102 – Buyers – 1.21:1, -25.97% From Current Price Level
$100 – Buyers – 1.77:1, -27.43% From Current Price Level
$99 – Buyers – 1.24:1, -28.15% From Current Price Level
$98 – Buyers – 2.32:1, -28.88% From Current Price Level
$97 – Buyers – 1.38:1, -29.6% From Current Price Level
$96 – Buyers – 1.04:1, -30.33% From Current Price Level
$95 – Sellers – 1.1:1, -31.05% From Current Price Level
$94 – Sellers – 1.57:1, -31.78% From Current Price Level
$93 – Sellers – 1.85:1, -32.51% From Current Price Level
$92 – Sellers – 1.08:1, -33.23% From Current Price Level
$91 – Buyers – 1.25:1, -33.96% From Current Price Level
$90 – Sellers – 2.5:1, -34.68% From Current Price Level
$89 – Even – 1:1, -35.41% From Current Price Level
$88 – Sellers – 1.87:1, -36.13% From Current Price Level
$87 – Buyers – 1.17:1, -36.86% From Current Price Level
$86 – Sellers – 1.1:1, -37.59% From Current Price Level
$85 – Buyers – 1.39:1, -38.31% From Current Price Level
$84 – Sellers – 1.73:1, -39.04% From Current Price Level
$83 – Sellers – 1.23:1, -39.76% From Current Price Level
$82 – Sellers – 1.8:1, -40.49% From Current Price Level
$81 – Sellers – 2.2:0*, -41.21% From Current Price Level
$80 – Sellers – 1.4:0*, -41.94% From Current Price Level
$79 – NULL – 0:0*, -42.67% From Current Price Level
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLI AT THE TIME OF PUBLISHING THIS ARTICLE ***
The VIX closed at 16.56, indicating an implied one day move of +/-1.04% & an implied one month move of +/-4.79% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 1/29/2025’s Close:
1 – PLTR
2 – UAL
3 – TPR
4 – RCL
5 – FFIV
6 – AXON
7 – CCL
8 – TSLA
9 – DFS
10 – GEV
Lowest Technical Rated S&P 500 Components Per 1/29/2025’s Close:
1 – SMCI
2 – MRNA
3 – EIX
4 – ENPH
5 – AES
6 – CE
7 – EA
8 – STZ
9 – MCHP
10 – ON
Highest Volume Rated S&P 500 Components Per 1/29/2025’s Close:
1 – JNPR
2 – SBUX
3 – HSIC
4 – FFIV
5 – DHR
6 – PKG
7 – GLW
8 – BXP
9 – NDAQ
10 – IP
Lowest Volume Rated S&P 500 Components Per 1/29/2025’s Close:
1 – WDAY
2 – HON
3 – GEHC
4 – CTAS
5 – ALL
6 – LLY
7 – WTW
8 – TPL
9 – ROK
10 – MPWR
Highest Technical Rated ETFs Per 1/29/2025’s Close:
1 – BITU
2 – WEBL
3 – BITW
4 – FBL
5 – TSLR
6 – TESL
7 – TSLT
8 – TSLL
9 – BTFX
10 – BITX
Lowest Technical Rated ETFs Per 1/29/2025’s Close:
1 – MSOX
2 – TSLZ
3 – TSDD
4 – TSLQ
5 – SBIT
6 – BCHG
7 – CNBS
8 – LTCN
9 – SARK
10 – YANG
Highest Volume Rated ETFs Per 1/29/2025’s Close:
1 – USNZ
2 – BKWO
3 – SDCI
4 – XFIV
5 – BSJW
6 – CMCI
7 – DIEM
8 – FLN
9 – LIAF
10 – TEKX
Lowest Volume Rated ETFs Per 1/29/2025’s Close:
1 – SPMB
2 – GVUS
3 – IVVB
4 – FDVL
5 – UJB
6 – XHYT
7 – FDTB
8 – PSCQ
9 – EFZ
10 – QMAG
Highest Technical Rated General Stocks Per 1/29/2025’s Close:
1 – GROM
2 – EXOD
3 – DXF
4 – CYFRF
5 – NVNI
6 – CAPC
7 – BSXGF
8 – WLGS
9 – RGTI
10 – MNPR
Lowest Technical Rated General Stocks Per 1/29/2025’s Close:
1 – MGOL
2 – CHSN
3 – STSS
4 – MULN
5 – GMHS
6 – YYAI
7 – RIME
8 – CDT
9 – HMMR
10 – LPTX
Highest Volume Rated General Stocks Per 1/29/2025’s Close:
1 – KRKR
2 – EVTV
3 – CMCT
4 – OCEA
5 – SGN
6 – LGCL
7 – OUT
8 – GVH
9 – SXTP
10 – PACK
Lowest Volume Rated General Stocks Per 1/29/2025’s Close:
1 – BNPQF
2 – PYFRF
3 – SPIEF
4 – NSRPF
5 – BTCY
6 – GOMRF
7 – QMCI
8 – JPOTF
9 – MFGCF
10 – OMZNF
*** 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 15.1, indicating an implied one day move of +/-0.95% & an implied one month move of +/-4.36% for the S&P 500.
Highest Technical Rated S&P 500 Components Per 1/22/2025’s Close:
1 – PLTR
2 – GEV
3 – VST
4 – UAL
5 – CEG
6 – TSLA
7 – TPR
8 – ANET
9 – TPL
10 – AVGO
Lowest Technical Rated S&P 500 Components Per 1/22/2025’s Close:
1 – MRNA
2 – ENPH
3 – EIX
4 – AES
5 – STZ
6 – DG
7 – CE
8 – SMCI
9 – REGN
10 – BIIB
Highest Volume Rated S&P 500 Components Per 1/22/2025’s Close:
1 – ORCL
2 – NFLX
3 – STX
4 – GPC
5 – TDY
6 – ABT
7 – COF
8 – UAL
9 – GLW
10 – DFS
Lowest Volume Rated S&P 500 Components Per 1/22/2025’s Close:
1 – AXON
2 – HUM
3 – BA
4 – ARE
5 – UHS
6 – EXPD
7 – AIG
8 – PAYC
9 – TPL
10 – CNC
Highest Technical Rated ETFs Per 1/22/2025’s Close:
1 – TSLR
2 – TSLT
3 – TSLL
4 – BITU
5 – TSL
6 – BITW
7 – BITX
8 – BTFX
9 – WEBL
10 – TARK
Lowest Technical Rated ETFs Per 1/22/2025’s Close:
1 – MSOX
2 – TSLZ
3 – TSDD
4 – TSLQ
5 – SBIT
6 – CNBS
7 – KOLD
8 – BCHG
9 – NVD
10 – SARK
Highest Volume Rated ETFs Per 1/22/2025’s Close:
1 – PABD
2 – TDFC
3 – LBO
4 – GFGF
5 – DVND
6 – MSMR
7 – BCUS
8 – GLOW
9 – NDVG
10 – CPLS
Lowest Volume Rated ETFs Per 1/22/2025’s Close:
1 – GVUS
2 – EMCS
3 – CPNS
4 – MDCP
5 – USCA
6 – DMAR
7 – BBEM
8 – USCL
9 – CCNR
10 – XFEB
Highest Technical Rated General Stocks Per 1/22/2025’s Close:
1 – BBIG
2 – VAXX
3 – RGTI
4 – WLGS
5 – CAPC
6 – CHRO
7 – NUKK
8 – SEVCD
9 – FNMA
10 – SPCB
Lowest Technical Rated General Stocks Per 1/22/2025’s Close:
1 – GOEV
2 – WNW
3 – SLXN
4 – HEPA
5 – MULN
6 – GTI
7 – CERO
8 – YYAI
9 – AILEQ
10 – AEON
Highest Volume Rated General Stocks Per 1/22/2025’s Close:
1 – BLBX
2 – IPA
3 – OUT
4 – CLEU
5 – HEPA
6 – NTRB
7 – PAPL
8 – POAI
9 – FFBB
10 – FFBW
Lowest Volume Rated General Stocks Per 1/22/2025’s Close:
1 – GENMF
2 – VRDR
3 – AUXXF
4 – DSNY
5 – BOID
6 – ALPIB
7 – MHCUF
8 – SPIEF
9 – CPIX
10 – VAXX
*** 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 ***
