Stocks Hold Key Levels as Breadth Recovers

Market-trends-thumbnail-Feb-2025.jpg

Downloads are available here. TradeStation’s ideas on TradingView are available here.

Sizing Up the Market

  • S&P 500 forms inverted hammer, bullish outside day at price zone from 10/24.
  • S&P 500 holds 10/24 price zone identified last week.
  • S&P 500 holds 21-day EMA.
  • S&P 500 holds weekly high of 6,765 from 10/9
  • Breath:
    • A/D line turns up
    • New 52-week highs outnumber 52-week lows for 1st time in 6 days
SPX_20251105.jpg

S&P 500, daily chart, with select patterns and indicators.

Upcoming Events

  • Earnings tonight: ABNB MNST WPM TTWO
  • Fri 11/7: Consumer sentiment
    • Earnings: CEG KKR
  • Earnings: CRWV
  • Earnings: DIS

Share:

443bdca82f0006231c5179581e4310ed.png

About the author

David Russell

David Russell is Global Head of Market Strategy at TradeStation. Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.
Show more

Related articles

Get market analysis and trading strategies from our researchte amsent straight to your inbox.

Subscribe now

Market Insights, Insights AI, and all related pages and content are hosted by TradeStation Group, Inc.

Client Support Icon
Chat Offline