Prior Trading Day Summary
On Friday investors shrugged off the hawkish tone of Fed Chair Powell, aware that his position ends in May 2026. With strong earnings continuing to dominate. investors pushed stocks further into overbought levels.
The SPX ended the day up 17 points at 6840 with 56% of all stocks frising. Volume slightly above average at 6.5 billion. For the week, the SPX was up 48 points and for the month of October it rose 152 points for a gain of 2.2%. This is the 6th straight month of gains.
The NASDAQ rose 144 points to close at 23724. 11.2 billion shares traded with 57% of all stocks higher. For the week the index was up 520 points and for the month of October it rose 1064 points for an impressive gain of 4.7%.
With the first week of November seeing more stocks releasing earnings, let’s review the closing technical indicators from Fri Oct 31 2025 to see what to expect for market direction to start November.
Stock Market Outlook: SPX Closing Chart For Fri Oct 31 2025
The index closed below the Upper Bollinger Band but at the high of the day. This is bullish.
The closing candlestick is bullish for Monday but with a shadow which indicates dips are likely on Monday. At present however dips will not last long as investors are watching for opportunities to jump into various stocks, if they pullback.
The 21 day moving average is rising and closed at 6737 which is bullish.
The 50 day moving average is rising and closed at 6640 which is bullish.
The 100 day moving average is rising and closed at 6460 which is bullish.
The 200 day moving average is rising and closed at 6209 which is bullish.
The Lower Bollinger Band is below the 50 day moving average but starting to turn sideways which is bullish. The Upper Bollinger Band is moving higher which is bullish.
The SPX chart is more bullish than bearish. All moving averages are above 6100 which is bullish for further advances.
SPX Stock Market Outlook review of Fri Oct 31 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 Fri Oct 31 2025 the up signal lost strength which you can readily see in the histogram.
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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 rising.
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| Rate of Change: The rate of change is rising, signaling a higher close 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 Mon Nov 3 2025
With stocks having regained their upswing on Friday, Monday should close higher as investors prepare for another big earnings week. Palantir Tech (PLTR) reports after the bell and investors are anticipating a blow out quarter. Other companies investors are watching include Diamondback Energy (FANG), Franco Nevada (FNV), Clorox (CLX), Goodyear (GT) and Vertex Pharamceuticals (VRTX) among many others. Stocks may see a choppy day as many are overbought which also means dips are likely as predicted by the technical tools, but the close will be higher.
Potential Economic and Political Market Moving Events
Monday:
8:30 Durable goods orders – No reports will be released Monday due to the ongoing government shutdown.