Trading 360° view: Market SPY Weekly view, holidays, earnings, eco-news, market-news summary, news sentiment, and major ETFs, MAG7, Higher Time Frame Analysis Indices Futures Summary, and QQQ Weekly view.
SPY Weekly View
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Holiday Radar
- 2025-11-27 Thanksgiving Day
- 2025-11-28 Thanksgiving Day (09:30-13:00)
Earnings Radar
Monitoring for earnings releases by the Magnificent 7, AI-tech-related firms, and major financial institutions.
No monitored earnings reports are pending in the next 7 days.
For full details visit: Yahoo Earnings Calendar
EcoNews Radar U.S. Events
EcoNews Summary
- 09:45 – USD Flash Manufacturing PMI (High Impact): This early release provides a timely snapshot of manufacturing activity. A strong reading can spark bullish moves in equity index futures, signaling economic expansion; a weak print could raise growth worries and trigger downside volatility.
- 09:45 – USD Flash Services PMI (High Impact): This data captures the health of the critical US services sector. Surprises in either direction can shift risk sentiment, affecting S&P, Nasdaq, and Dow index futures at the European/US session overlap.
EcoNews Conclusion
- Both high-impact PMI releases occur at 09:45, typically resulting in sharp market moves and a potential spike in trading volume. Immediate volatility in indices is likely, with moves often being extended or reversed near the 10 AM time cycle—a known catalyst zone for major equity futures.
For full details visit: Forex Factory EcoNews
Market News Summary
- AI sector stocks show signs of a bubble, but mega-cap companies with strong cloud infrastructure are viewed as more resilient within the trend.
- The September jobs report is being interpreted by some analysts as bullish for the economy, although strong labor data has tempered expectations for near-term rate cuts from the Federal Reserve.
- Equities experienced a sharp market reversal, with commentators recommending a cautious approach amid volatility and noting that the market has not reached oversold levels. Major indices futures are mixed in early trading.
- Rate-cut forecasts for December have been withdrawn by key banks following strong jobs data, underscoring persistent uncertainty over monetary policy.
- Retail sector earnings have been uneven, further emphasizing the need for selectivity among consumer stocks.
- Diversified ETFs are contrasted, with tech-heavy funds showing greater long-term outperformance but also higher volatility and drawdowns compared to broader market trackers.
- Gold and silver prices are consolidating as strong US economic data and diminishing Fed rate-cut odds strengthen the dollar, pressuring metals. Technical levels and potential bearish triggers remain in focus.
- Reports of high-grade gold and antimony discoveries at resource projects in Australia have been released, underpinning ongoing exploration optimism.
- Oil and energy stocks have come under pressure due to rising hopes for a Russia-Ukraine peace deal, which has also led to a sharp drop in crude prices and highlighted vulnerabilities in the US shale sector.
- A market strategist notes global liquidity is tightening, which raises concerns of a prolonged equity downturn and increases the focus on gold and bitcoin as potential hedges.
- Major US indices have retraced from recent highs, with the tech rally showing signs of fatigue as liquidity weakens and breadth deteriorates. Key names like Nvidia are in the spotlight.
- Market participants continue to weigh potential for additional Fed rate adjustments, as messaging from central bankers remains mixed.
- Trade tensions and tariffs are cited as negative influences on global growth by international policymakers.
- Active ETFs and sector-focused strategies are gaining traction among fund providers, introducing new dynamics to index investing.
- Bitcoin’s recent volatility is described as consistent with broader risk-averse positioning seen across other asset classes.
- Commentary persists around the elevated capital spending on AI, balanced against concerns about global supply chain vulnerabilities for critical resources.
- There is discussion around constructing portfolios targeting high yields, with some arguing that sustainable double-digit returns are feasible under certain conditions.
News Conclusion
- Market sentiment has turned cautious amid strong economic data, reduced rate-cut expectations, and volatile treasury, commodities, and equity price action.
- Participants remain attentive to shifting monetary policy outlooks, sector-specific divergences, and the implications of key economic reports for index futures.
- Broader risk aversion is evident in commodities, with energy under pressure from geopolitical developments and metals consolidating against a strong dollar backdrop.
- AI and technology sectors remain a focus for both optimism and concern, as capital inflows drive valuations while supply chain risks and signs of speculative excess persist.
- Strategists emphasize the importance of liquidity trends, global trade challenges, and sector rotation in shaping near-term market direction.
Market News Sentiment:
Market News Articles: 46
- Neutral: 43.48%
- Positive: 30.43%
- Negative: 26.09%
Sentiment Summary:
Out of 46 market news articles, 43.48% were neutral, 30.43% positive, and 26.09% negative.
The news flow is largely neutral, with a moderate presence of both positive and negative sentiment.
GLD,Gold Articles: 17
- Neutral: 52.94%
- Negative: 23.53%
- Positive: 23.53%
Sentiment Summary: The recent coverage of GLD and gold shows a predominantly neutral sentiment (52.94%), with the remainder evenly split between negative (23.53%) and positive (23.53%) articles.
This indicates that market news is largely balanced, with no strong lean towards optimism or pessimism in the current reporting.
USO,Oil Articles: 7
- Neutral: 57.14%
- Negative: 42.86%
Sentiment Summary:
The majority of recent articles on USO and oil are neutral (57.14%), while a significant portion (42.86%) carry a negative sentiment.
This suggests that current market news reflects a cautious to slightly pessimistic tone toward USO and oil, with balanced coverage between neutral and negative viewpoints.
Market Data Snapshot
ETF Snapshot of major stock market ETFs, Mag7, and others as of: November 21, 2025 07:16
- TLT 89.23 Bullish 0.39%
- GLD 374.85 Bearish -0.03%
- META 589.15 Bearish -0.20%
- DIA 458.10 Bearish -0.79%
- AAPL 266.25 Bearish -0.86%
- GOOG 289.98 Bearish -1.03%
- USO 70.15 Bearish -1.03%
- SPY 652.53 Bearish -1.52%
- IJH 62.26 Bearish -1.64%
- MSFT 478.43 Bearish -1.78%
- IWM 229.11 Bearish -1.85%
- TSLA 395.23 Bearish -2.17%
- QQQ 585.67 Bearish -2.37%
- AMZN 217.14 Bearish -2.49%
- NVDA 180.64 Bearish -3.15%
- IBIT 48.96 Bearish -3.49%
Market State of Play – ETF Stocks & Major Components (Data as of 11/21/2025)
ETF Stocks Overview
- SPY (S&P 500): 652.53, Bearish (-1.52%) – Large-cap market under pressure, led lower by sector-wide declines.
- QQQ (Nasdaq 100): 585.67, Bearish (-2.37%) – Tech-heavy ETF seeing sharper sell-off fueled by weakness in big tech names.
- DIA (Dow Jones): 458.10, Bearish (-0.79%) – Large industrials ETF also in decline, although less severe than tech-focused peers.
- IWM (Russell 2000): 229.11, Bearish (-1.85%) – Small-cap momentum negative, tracking broad risk-off sentiment.
- IJH (Mid Cap): 62.26, Bearish (-1.64%) – Mid-caps follow large and small caps lower.
Mag7 Performance (AAPL, MSFT, GOOG, AMZN, META, NVDA, TSLA)
- AAPL (Apple): 266.25, Bearish (-0.86%)
- MSFT (Microsoft): 478.43, Bearish (-1.78%)
- GOOG (Alphabet): 289.98, Bearish (-1.03%)
- AMZN (Amazon): 217.14, Bearish (-2.49%)
- META (Meta): 589.15, Bearish (-0.20%)
- NVDA (Nvidia): 180.64, Bearish (-3.15%) – Steepest loss among Mag7, driving tech volatility.
- TSLA (Tesla): 395.23, Bearish (-2.17%)
Other Major ETFs
- TLT (20+ Year Treasury): 89.23, Bullish (+0.39%) – Treasuries showing relative strength, indicating flight to safety.
- GLD (Gold): 374.85, Bearish (-0.03%) – Gold marginally lower, not yet serving as a strong safe haven.
- USO (Oil Fund): 70.15, Bearish (-1.03%) – Commodities under pressure alongside equities.
- IBIT (Bitcoin ETF): 48.96, Bearish (-3.49%) – Digital assets see steep declines, risk appetite low.
Summary
The current market landscape is characterized by broad-based weakness across key equity ETFs (SPY, QQQ, IWM, IJH, DIA), heavy selling in the Mag7 mega-cap tech names, and negative price action extending to risk-asset proxies such as IBIT and USO.
Notably, TLT (long-duration Treasuries) is one of the few areas showing gains, hinting at rotation into perceived safety. Gold remains flat to slightly lower. Overall, the session is marked by risk aversion, as reflected in universally negative daily returns across major equity and risk-asset ETFs.
Higher Time Frame Analysis
Summary of the current state of US Indices Futures based on higher time-frame (HTF) technical analysis as of: 2025-11-21: 07:16 CT.
US Indices Futures
- ES YSFG uptrend, MSFG/WSFG downtrends, price below NTZ on short- and intermediate-term, swing pivots down, resistance 6543-6959, support 6261-4135, ongoing pullback within bullish long-term.
- NQ YSFG and long-term MAs up, MSFG/WSFG down, price below NTZ, swing pivot trend down, support 23904/24176, resistance 25487/26399, corrective phase within long-term uptrend, volatility elevated.
- YM YSFG up, MSFG/WSFG down, price below NTZ on short- and intermediate-term, swing pivots down, support 45645/45085, resistance at 48528, short-term correction within bullish yearly structure.
- EMD YSFG trending down, MSFG/WSFG negative, below NTZ all frames, all short/intermediate-term MAs down, swing pivots down, support 3107/2498, resistance 3216/3352, bearish trend across timeframes.
- RTY YSFG neutral, MSFG/WSFG down, price below NTZ, all short- and intermediate-term MAs down, swing pivots down, support 2165/2307, resistance 2404/2491, corrective move within neutral long-term.
- FDAX YSFG uptrend, MSFG/WSFG down, price below NTZ short- and intermediate-term, all daily MAs down, swing pivot and momentum negative, support 22983/23928, resistance 23749/24891, correction in long-term bull context.
Overall State
- Short-Term: Bearish
- Intermediate-Term: Bearish
- Long-Term: Bullish to Neutral (Index dependent)
Conclusion
US Indices Futures show pronounced short- and intermediate-term weakness, with all major contracts below key MSFG and WSFG NTZ levels, downward momentum, and prevailing swing pivot downtrends. Major support areas are being tested across indices, while resistance remains layered overhead. Despite the broad downside pressure, YSFG and long-term moving averages generally reflect intact bullish structures for ES, NQ, YM, and FDAX; EMD and RTY show neutral to bearish long-term readings. Recent trade signals highlight mixed activity but agree with the prevailing downtrends. The indices are undergoing corrective phases within larger uptrends (where applicable), with potential for further support tests or consolidation before trend resumption.
Note: Intra-day counter-trend pullbacks or retracements may occur, HTF is context for informational usage and market structure. Glossary: Session Fib Grids periods of YSFG:’Yearly’, MSFG:’Monthly’, WSFG:’Weekly’
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Tech Weekly View
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