The S&P 500 came off its best week since May with another solid performance. The index closed the week out on a four day win streak, putting it within inches of a new record high. Here is a snapshot of the index from the past week: The table below summarizes the number of record highs reached each year dating back to 2013. | Number of record high days | | | --- | --- | | 2025 | 36 | | 2024 | 57 | | 2023 | 0 | | 2022 | 1 | | 2021 | 70 | | 2020 | 33 | | 2019 | 35 | | 2018 | 19 | | 2017 | 62 | | 2016 | 18 | | ...

to the big board. As we said, Chris Macy's celebrating the 99th Thanksgiving Day parade. Santa with an early appearance here.You can watch the parade tomorrow on NBC and Peacock beginning at 8:30 a. m. in all time zones at the NASDAQ.It's Almani Industries, a minor tungsten concentrate as a return to 6,800. Yeah. >> We'll take you past last Thursday's levels.>> Yes. So, that's what we've been kind of playing with. uh last Thursday's high in the morning before we got that big downside reversal like 6770.What ...

Core Viewpoint - The market is showing signs of weakness despite previous resilience, with a notable decline in the number of stocks participating in rallies [3][4]. Market Performance - The market has recently broken below the 50-day moving average, which had held for over 100 days, indicating a significant shift [2]. - Currently, only 31% of stocks are above their 20-day moving average, a sign of an unhealthy market, compared to just 1% at the lows of the year [2]. Sector Rotation - In the past month, only two sectors, energy and healthcare, have shown positive performance, suggesting limited breadth in market recovery [4]. Retail and Institutional Behavior - Retail investors, referred to as the "buy the dip crew," have been actively participating in the market, particularly on the call side, indicating strong demand [4]. - Major Wall Street firms are also endorsing a "buy the dip" strategy, with firms like Morgan Stanley projecting a target of 7,800 in the next 12 months, JP Morgan at 8,200, and Goldman Sachs at 7,600, up from a previous 7,200 [5].

Core Insights - The S&P 500 and Nasdaq have fallen below their 50-day moving average for the first time in 138 trading days [1] - The Dow industrials experienced their worst three-day drop since April [1] Market Performance - S&P 500 and Nasdaq's decline indicates a significant shift in market momentum [1] - The Dow's performance reflects broader market volatility and investor sentiment [1]

Market Overview - The week saw mixed performance across major indices, with the Dow Jones achieving record highs earlier but ending with a slight gain of about 0.33% [2][3] - The NASDAQ ended the week down approximately 0.5%, while the S&P 500 barely remained in the green, losing just five basis points [3][4] Technical Analysis - The 50-day moving average has been a focal point, with the S&P 500 testing this level without closing below it, indicating a short-term upward trend [5][6][9] - The VIX index, which measures market volatility, spiked to a high of 23, reflecting increased institutional hedging pressure, although it is not necessarily indicative of market direction [10][11] Cryptocurrency Insights - Bitcoin has experienced a significant downturn, down 11% over the past week, with key resistance levels identified between $105,000 and $110,000 [12][13] - Bitcoin's performance has been relatively better compared to other cryptocurrencies, with it down 25% from its 52-week high, while Ethereum and Cardano have seen larger declines [16][17] Nvidia Earnings Expectations - Nvidia's upcoming earnings report is highly anticipated as it is a major player in the AI sector, with expectations of positive indicators for AI spending based on supply chain momentum [19][21] - Concerns exist regarding the sustainability of revenue growth due to the high costs associated with data center investments, but there is optimism about revenue generation from inference workloads [24][25] Berkshire Hathaway's Investment - Berkshire Hathaway has made a notable investment in Alphabet, acquiring 17.8 million shares valued at over $4 billion, marking a shift towards tech investments [76][77] - This investment aligns with Alphabet's plans to invest $40 billion in data centers in Texas, contributing to its stock rise [78]

Group 1 - Dell Technologies Inc (NYSE:DELL) is experiencing a decline of 2.7%, trading at $142.62, marking its sixth consecutive daily loss, despite a year-to-date gain of 22.5% [1] - The stock reached a 52-week peak of $168.08 on November 3 and is expected to report third-quarter results at the end of the month [1] - The stock is approaching a historically bullish trendline, indicating a potential reversal in its downward trend [1] Group 2 - DELL has retraced to its 50-day moving average, being within 0.75 of the trendline's average true range (ATR), after remaining above it 80% of the time in the past two months [2] - Historical data shows that similar signals have occurred seven times in the past decade, with the stock rising one month later every time, averaging a 17% gain, which could position DELL around $166 [2] Group 3 - Short interest in DELL has increased by 12.2% in the most recent reporting period, representing 4.2% of the stock's total available float, with a buyback period of almost two days at the average trading pace [4] - Options for DELL are currently priced to sell, with a Schaeffer's Volatility Index (SVI) of 49%, placing it in the 20th percentile of annual readings [5] - The stock tends to outperform options traders' volatility expectations, as indicated by a Schaeffer's Volatility Scorecard (SVS) of 77 out of 100 [5]

Core Insights - The S&P 500 finished October with a gain of 2.3% from September, marking its fourth weekly gain in the last five weeks [1] - Year-to-date, the S&P 500 is up 16.56%, while the S&P Equal Weight Index has increased by 7.53% [4] Performance Overview - The S&P 500 index recorded a weekly gain of 0.7% [1] - Historical context shows the index reached an all-time high of 1565.15 on October 9, 2007, before experiencing a significant drop of approximately 57% by March 9, 2009, during the Global Financial Crisis [1] - The index took over five years to recover and reach a new all-time high of 1569.19 on March 28, 2013 [1] Volatility Analysis - The S&P 500 experienced its largest intraday price volatility of 10.77% on April 9, 2023, since December 24, 2018 [3] - The average percent change from intraday low to high over the past 20 days is 1.07% [3] Index Comparison - The S&P 500 is a market cap-weighted index, while the S&P Equal Weight Index gives equal weight to each constituent [4] - The performance disparity between the two indices highlights the stronger performance of the S&P 500 in 2023 [4]

Technical Analysis - Burlington Stores (BURL) has recently reached a key level of support and has overtaken the 50-day moving average, indicating a potential short-term bullish trend [1] - The 50-day simple moving average is a significant indicator for traders and analysts to determine support or resistance levels, and BURL's recent movement of 7.8% higher over the last four weeks suggests it may be on the verge of another rally [2] Earnings Estimates - Positive earnings estimate revisions for BURL strengthen the bullish case, with no estimates decreasing in the past two months and three estimates increasing, leading to a rise in the consensus estimate [3] - The combination of positive technical factors and earnings estimate revisions suggests that investors may want to monitor BURL for potential gains in the near future [3]

Group 1 - Fastly (FSLY) has reached a significant support level and shows potential for investors from a technical perspective, having recently broken through the 50-day moving average, indicating a short-term bullish trend [1] - Over the past four weeks, FSLY has gained 6.2%, and is currently ranked a Zacks Rank 3 (Hold), suggesting the stock could move higher [2] - There have been 5 upward revisions in earnings estimates for the current fiscal year, with none lower, and the consensus estimate has also increased, reinforcing the bullish outlook [2][3] Group 2 - The combination of positive technical factors and earnings estimate revisions suggests that investors may want to monitor FSLY for potential gains in the near future [3]

Core Viewpoint - TransMedics (TMDX) is showing potential for investment due to a recent breakout above the 50-day moving average, indicating a short-term bullish trend [1] Technical Analysis - TMDX has reached a key level of support and has moved higher by 8.9% over the past four weeks [2] - The 50-day simple moving average is considered significant for establishing support and resistance levels, making TMDX's recent performance noteworthy [2] Earnings Estimates - There have been no downward revisions in earnings estimates for TMDX in the past two months, with four upward revisions noted, indicating positive sentiment [3] - The consensus earnings estimate for TMDX has also increased, reinforcing the bullish outlook for the company [3]