S&P 500 Daily Update for Wednesday October 29, 2025

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Market Summary for Tuesday, Oct 28, 2025:
Outlook for Wednesday October 29, 2025:
Price Action & Records: S&P 500 +0.23% to new all-time high (closed above R1 above 6887, touched R2 and broke above 6900 early).
Dow, NASDAQ, NASDAQ-100 also hit ATHs.
Russell 2000 & small-caps weak (-0.5%+).
Late-day selling; volume above average but internals softening.
Key Driver:
NVIDIA +4.8% on positive news which lifted mega-caps/tech. Rest of S&P lagged.
Technicals
Short Term Positive, StochRSI/CCI, Stochastics extreme; far from 20-MA; McClellan Oscillator flipped negative (divergence).
Intermediate Term Positive, +3 SD channel, above 50-MA, %B above upper Bollinger.
Long term Positive, above 200-SMA (+13%), Pring buy signal, trend meters green.
Breadth: A/D line slipped but still above the MA; new highs healthy, new lows expanded.
Smart Money: Chaikin Money Flow turned negative; Vortex & Acc/Dist still green.
VIX: Ticked up slightly; fear gauges mixed.
Macro: 10-yr yield 3.98%; dollar weaker.
Fed (Wed): 25 bp cut priced in; focus on statement & Powell presser. Market expects Dec cut too.
Data: Consumer Confidence 94.6 (beat 94.2, down from 95.6 & 109.6 YoY); FHFA +0.4% MoM (beat); Case-Shiller +1.6% YoY (miss).
Sector/Rotation: Tech/Growth dominant (NVDA, MSFT, semis ATH).
Financials deepest laggard; real estate, utilities, staples red.
Growth/Value ratio breaking out across cap sizes.
Sentiment & Risk: Sentiment 39 (up from 37, still bearish but improving).
Overbought composite 89.97 (red zone).
Gamma wall with resistance at 6900.
Outlook for Wednesday, Oct 29:
Catalysts: Fed 2:00 ET, Google/Meta earnings after the close, pending home sales.
Seasonality: S&P negative on Oct 29, but Nov-Dec historically strong.
Bias: Short/intermediate bullish; watch Fed tone & breadth. Internal weakness (McClellan, CMF) flags caution despite ATHs.

PDF of Slides:
https://drive.google.com/file/d/1XWxM4_ggDo6E2rpWkvuAbiMpt58RXH-o/view?usp=sharing

DISCLAIMER This video is for entertainment purposes only. I am not a financial adviser, and you should do your own research and go through your own thought process before investing in a position. Trading is risky!