Prior Trading Day Summary
On Thu Oct 30 2025 indexes slipped as investors sold Meta Stock (META) heavily sending it 11.33% lower for a drop of $85.20. Microsoft was also sold but just under 3% for a drop of $15.79. Chip stocks were again sold with Advanced Micro Devices Stock (AMD) down 3.6%, Intel Stock (INTC) down 2.85%, Oracle Stock (ORCL) down 6.69% and others followed suit. The S&P closed down 68 points and the NASDAQ fell 377 points. Overall though buyers picked up stocks that fell and that kept the selling subdued.
The SPX ended the day down 68 points at 6822 with 63% of all stocks falling. Volume was average at 6.1 billion.
The NASDAQ saw 11.1 billion shares traded with 65% of all stocks lower and the index closing at 23,581, down 377 points.
Despite the selling, the VIX index rose to just 17.41 but closed back at 16.91, unchanged from Wednesday’s close.
Lets review the closing technical indicators from Thu Oct 30 2025 o see what to expect for market direction on Fri Oct 31 2025 to end the month.
Stock Market Outlook: SPX Closing Chart For Thu Oct 30 2025
The index below the Upper Bollinger Band. This is a bearish.
The closing candlestick is bearish for Friday. There is a long shadow on the candlestick which signals a dip should be expected today.
The 21 day moving average is rising and closed at 6731 which is bullish.
The 50 day moving average is rising and closed at 6639 which is bullish.
The 100 day moving average is rising and closed at 6453 which is bullish.
The 200 day moving average is rising and closed at 6203 which is bullish.
The Lower Bollinger Band is below the 50 day moving average which is bullish. The Upper Bollinger Band is moving higher which is bullish.
The SPX chart is more bullish than bearish although there are two strong bearish signals. All moving averages are above 6100 which is bullish for further advances.
SPX Stock Market Outlook review of Thu Oct 30 2025
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is falling and positive. It is at overbought levels.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued an up signal on Fri Oct 24 2025. On Thu Oct 30 2025 the up signal lost strength.
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Ultimate Oscillator: The Ultimate Oscillator is falling.
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Slow Stochastic: The Slow Stochastic has a down signal in place. It is also overbought.
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Relative Strength Index: The RSI signal is falling.
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| Rate of Change: The rate of change is falling and signaling a lower day is expected. 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 resistance |
| 6625 is resistance |
| 6600 is resistance |
| 6590 is support |
| 6570 is support |
| 6550 is support |
| 6500 is support |
| 6450 is support |
| 6425 is support |
| 6400 is support |
| 6350 is support |
| 6325 is support |
| 6300 is support |
| 6250 is support |
| 6225 is support |
| 6200 is support |
Stock Market Outlook for Fri Oct 31 2025
With stocks like Microsoft Stock (MSFT) and Meta Stock (META) falling on Thursday, this weighed on the tech sector. The selling spread among chipmakers as we have seen many times in the past couple of months. However after hours earnings from Apple, Amazon, Western Digital and others neat estimates and that turned the futures around. Friday could still see some weakness as many of the technical indicators have turned lower but the day looks set to end higher and end the month of October on a strong footing to enter November.
Happy Halloween everyone!
Potential Economic and Political Market Moving Events
Monday:
No reports will be released today due to the ongoing government shutdown.
Tuesday:
9:00 S&P Case-Shiller home price index rose 1.6%
10:00 Consumer confidence rose to 94.6
Wednesday:
10:00 Pending home sales are estimated to have fallen to 1.0% from 4.0% prior
Other reports are not expected due to the government shut down.
2:00 FOMC interest rate decision released
2:30 Fed Chair Powell press conference
Thursday:
No reports will be released today due to the ongoing government shutdown.
Friday:
PCE reports will not be released today due to the ongoing government shutdown.
9:45 Chicago Business Barometer is estimated to rise to 42.0 from 40.6 prior