Prior Trading Day Summary
On Wednesday stocks continued their advance on low volume. New York traded just 4.5 billion shares with 69% of all stocks rising by the close. The day ended with the SPX up 46 points to 6812.
The NASDAQ rose 189 points ending the day at 23,214. Volume was just 7.5 billion shares with 66% of all stocks rising by the close.
With Thursday’s Thanksgiving holiday, Friday is just half a day with markets closing at 1:00 PM. Historically this has been an up day for stocks.
Let’s review the closing technical indicators from Wed Nov 26 2025 to see what to expect for the half day on Fri Nov 28 2025.
Black Friday Membership Special
The Black Friday membership sale is on now. This is the annual Black Friday Sale which includes special discounts for new members and existing members looking to renew. There are specials on 1 month, 3 month, 6 month and 12 month memberships. There is also an extra special for existing members, an 18 month membership is offered with a savings of $380 reducing the monthly cost to just $48,84, I hope investors will consider taking advantage of the Black Friday discount. Sale ends on Tuesday Dec 2 2025.
Stock Market Outlook: SPX Closing Chart For Wed Nov 26 2025
The index closed above all major moving averages. This is bullish.
The closing candlestick is bullish but with a long shadow there is a good chance for dips today and the index may retest support at the 21 day moving average today or Monday.
The 21 day moving average is falling and closed at 6751 which is bearish.
The 50 day moving average is rising and closed at 6720 which is bullish.
The 100 day moving average is rising and closed at 6542 which is bearish.
The 200 day moving average is rising and closed at 6296 which is bullish.
The Lower Bollinger Band is moving sideways which is neutral. The Upper Bollinger Band is dipping which is bearish.
The SPX chart still has bearish signals but at present dips should find ready buyers.
SPX Review Related Trade Articles: of Stock Market Outlook for Wed Nov 26 2025
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is rising but has remained negative throughout the rally which is bearish.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued a down signal on Wed Nov 5. On Wed Nov 26 2025 the down signal was almost gone. An up signal appears likely for Friday’s close.
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Ultimate Oscillator: The Ultimate Oscillator is rising.
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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 and overbought.
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| Rate of Change: The rate of change is rising, signaling the index will close higher. 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 |
| 6900 is resistance |
| 6875 is resistance |
| 6850 is resistance |
| 6800 is resistance |
| 6775 is resistance |
| 6750 is resistance |
| 6715 is resistance |
| 6700 is resistance |
| 6675 is resistance |
| 6650 is support |
| 6625 is support |
| 6600 is support |
| 6590 is support |
| 6570 is support |
| 6550 is support |
| 6500 is support |
Stock Market Outlook for Fri Nov 28 2025
For Friday signals are suggesting dips are likely on low volume but the index will close either flat or higher. We could see an up signal from the MACD indicator today or Monday.
Make sure to read the comments below on Wednesday’s initial jobless claims.
Historically the day after Thanksgiving is bullish and the first trading day of December is bullish as well.
That means any dips remain opportunities as stocks have further to run. Markets close today at 1:00 PM.
Potential Economic and Political Market Moving Events
Monday:
no events scheduled
Tuesday:
8:30 Retail sales for Sep dipped lower than estimated to 0.2%
8:30 Producer Price Index for Sep rose to 0.3% up from -0.1% prior
8:30 Core PPI for Sep was lower than estimated at 0.1%, down from 0.3% which is good for inflation
9:00 Case-Shiller home price index for Sep was higher at 1.4% but down from 1.5% prior
10:00 Consumer confidence for Nov fell to 88.7 well below estimates and the lowest reading since April
10:00 Pending home sales for Octrose to 1.9% above estimates of no change.
Wednesday:
8:30 Initial jobless claims fell to 216,000 defying economists who claim job losses are mounting. Declining claims may be an excuse by the Fed not to cut interest rates in December as expected.
8:30 Durable goods orders rose 0.9%, higher than estimated
2:00 Federal reserve beige book is released
Thursday:
Thanksgiving
Friday:
9:45 Chicago Business Barometer (PMI) is expected to rise to 45.5 from 43.8 prior