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Another Record-Beating Month Ahead?
Forbesยท 2025-11-01 01:23
Market Performance - The S&P 500 increased by 2.3% in September 2025, slightly below the 2.6% gain in September 2023, indicating a positive trend despite historically weak September performances [2] - From 2000 to 2024, the average return for September was -1.6%, with five years experiencing declines over 7%, highlighting the unusual strength in recent years [2] Sector Performance - In October, the Invesco QQQ Trust (QQQ) was the top performer, rising by 4.8%, while the Dow Jones Industrials and iShares Russell 2000 gained 2.5% and 1.8%, respectively [3] - The SPDR Gold Trust (GLD) experienced a late-month drop but still ended October up 3.6% [3] Technical Analysis - The QQQ surpassed the yearly R2 resistance at $623.76, reaching a high of $637.01, with a significant support level now at $589.05 [3] - The NDX 100 Advance/Decline line has been above its WMA since January 2023 and confirmed a new high in October, indicating a bullish trend [4] - The Spyder Trust (SPY) reached a high of $689.70 in October, marking its longest winning streak since August 2021, with support at $636.32 [6] Broader Market Indicators - The NYSE Composite closed at 21,459 in October, down 0.5%, but above the yearly R1 at 20,798, indicating mixed performance [8] - The NYSE All A/D line has been leading the market and closed in October just below the September high, with strong support levels [10] - Despite positive monthly analysis, the weekly NYSE Stocks Only A/D line has shown divergence from prices, suggesting potential caution [11]