Prior Trading Day Summary
On Thursday stocks moved higher intraday but then moved lower into the close. The S&P intraday hit 6381 but closed up just 4 points at 6363.
The NASDAQ closed up 38 points to 21058. Volumes were excellent on both indexes with the SPX trading 5.3 billion and the NASDAQ trading a whopping 13.4 billion shares.
Let’s review the closing technical indicators from Thu Jul 24 2025 to see what to expect for Fri Jul 25 2025.
Stock Market Outlook: SPX Closing Chart For Thu Jul 24 2025
The index closed at the Upper Bollinger Band marking another new closing high. This is bullish.
The closing candlestick is bullish for Friday but with a long shadow it signals a chance for a dip intraday on Friday.
The 21 day moving average is rising and closed at 6251 which is bullish.
The 50 day moving average is rising and closed at 6079 which is bullish.
The 100 day moving average is rising and closed at 5959 which is bullish.
The 200 day moving average is rising and closed at 5819 which is bullish.
The Lower Bollinger Band is rising and above the 50 day moving average which is bullish. The Upper Bollinger Band is falling as a Bollinger Bands Squeeze commenced on Wednesday. At present the outlook is for stocks to move higher, at least at the start of the latest Bollinger Bands Squeeze.
The SPX chart is more bullish than bearish heading into Friday.
SPX Stock Market Outlook review of Thu Jul 24 2025
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is rising and positive.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued a down signal on Tue Jul 15. On Thu Jul 24 2025 the down signal was almost gone.
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Ultimate Oscillator: The Ultimate Oscillator is falling.
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Slow Stochastic: The Slow Stochastic has an up signal in place.
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Relative Strength Index: The RSI signal is rising.
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| Rate of Change: The rate of change signal is falling, signaling a lower close for Friday. Settings: Rate Of Change is set for a 21 period. This indicator looks back 21 days and compares price action from the past to the present. With the Rate Of Change, prices are rising when signals are positive. Conversely, prices are falling when signals are negative. As an advance rises, the Rate Of Change signal should also rise higher, otherwise the rally is suspect. A decline should see the Rate Of Change fall into negative signals. The more negative the signals the stronger the decline. |
Stock Market Outlook: Support and Resistance Levels |
| 6365 is resistance |
| 6350 is resistance |
| 6325 is resistance |
| 6300 is resistance |
| 6250 is resistance |
| 6225 is resistance |
| 6200 is resistance |
| 6175 is resistance |
| 6150 is resistance |
| 6125 is resistance |
| 6100 is support |
| 6075 is support |
| 6050 is support |
| 6025 is support |
| 6000 is support |
| 5990 is support |
| 5975 is support |
| 5950 is support |
| 5925 is support |
| 5900 is support |
Stock Market Outlook for Fri Jul 25 2025
For Friday, Thursday’s closing candlestick is advising that dips are a possibility today. However the close is still expected to be higher.
The technical indicators are also signaling a higher close even with the expected dips.
Potential Economic and Political Market Moving Events
Monday:
10:00 Leading economic indicators were lower than estimated at -0.3%
Tuesday:
There are no economic reports today
Wednesday:
10:00 Existing home sales fell to 3.93 million, down from 4.04 million prior.
Thursday:
8:30 Weekly Initial Unemployment Insurance Claims came in below estimates at 217,000 showing economic strength
9:45 S&P flash services PMI rose to 55.2, well beyond estimates
9:45 S&P flash manufacturing PMI came in lower at 49.5
10:00 New homes sales rose slightly to 627000 but well below estimates of 645000
Friday:
8:30 Durable goods orders are estimated to fall to -11.1%