Prior Trading Day Summary
On Wednesday more volume arrived for all 3 indexes. The Dow Jones closed above 48,000 for the first time in its history.
The S&P rose just 4 points to close at 6850. Volume was higher by 300 million shares to 5.3 billion. 49% of all stocks were rising and 48% were falling by the close.
The NASDAQ fell again losing a modest 61 points to close at 23,406. Volume jumped 900 million shares to 8.9 billion. 46% of stocks were rising while 51% were falling.
With the government shutdown ended, stocks will have another spark to help push them higher on Thursday.
Let’s review the closing technical indicators from Wed Nov 12 2025 to see the outlook for Thu Nov 13 2025.
Stock Market Outlook: SPX Closing Chart For Wed Nov 12 2025
The index closed above all major moving averages for a third day which is bullish despite being below the Upper Bollinger Band.
The closing candlestick is bullish for Thursday but with a long shadow signaling the morning may see some weakness.
The 21 day moving average is rising and closed at 6780 which is bullish.
The 50 day moving average is rising and closed at 6694 which is bullish.
The 100 day moving average is rising and closed at 6510 which is bullish.
The 200 day moving average is rising and closed at 6255 which is bullish.
The Lower Bollinger Band is below the 50 day moving average and rising which is bullish. The Upper Bollinger Band is rising which is bullish.
The SPX chart has more bullish than bearish signals for Thursday although a dip or some weakness should be expected.
SPX Stock Market Outlook review of Wed Nov 12 2025
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is rising and negative.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued a down signal on Wed Nov 5. On Wed Nov 12 2025 the down signal was almost gone. We could see an up signal today by the 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.
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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 Thursday will end 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 resistance |
| 6625 is resistance |
| 6600 is support |
| 6590 is support |
| 6570 is support |
| 6550 is support |
| 6500 is support |
| 6450 is support |
| 6425 is support |
| 6400 is support |
Stock Market Outlook for Thu Nov 13 2025
For Thu Nov 13 2025 the technical signals show bullish sentiment dominating despite the slowing rally. With the government reopening, investors should have enough enthusiasm to push stocks higher. After hours Cisco Stock (CSCO) rose after hours on the back of better than estimated quarterly earnings. That will also help the outlook.
Bonds on Wednesday slipped slightly. The Dow Jones closed above 48,000 for the first time in its history which is also bullish. On the SPX only 14 stocks made new 52 week lows while 154 made new highs. On the NASDAQ 209 stocks made new 52 week highs and just 129 made new lows. All of this is bullish for stocks to move higher. That means the expected weakness Thursday morning will be an opportunity to setup more trades.
Potential Economic and Political Market Moving Events
Monday:
No reports to be released
Tuesday:
6:00 NFIB optimism index slipped to 98.2 from 98.8
Wednesday:
Fed officials are at various speaking engagements today from 9:20 to 4:00 PM. This could add a bit of choppiness to Wednesday’s trading but most investors expect a rate cut in December and not much from Fed officials will change that outlook at present.
Thursday.
Consumer Price Index was to be reported today but with the government shutdown reports are not expected.