First, we should realize that the trend of the e-mini stock indexes is still up on the daily charts.
Specifically, on the Dow futures, we need a close on the December contract below 46875 to just begin to turn the trend down. Oversold would not occur unless the market drops another 1% below that.
If so we would look for a short term bounce at 47087.
COMMENT: Key drivers today: Seasonal tailwind: November/December historically strong, especially after an October gain. Markets are digesting recent pullbacks in tech (Nvidia, Palantir, Meta, etc.) amid valuation concerns and profit-taking after the 2025 AI rally. No major high-impact US data releases today (light calendar: mostly minor items like import/export prices or housing indices if any…
Markets sold off yesterday. Even bitcoin not immune to selling pressure. Manufacturing continues weak. Tariff fears creeping back into the mix. The trading range right now is less than 200 points so that hints of 2 way trading. Widespread market expectations for a Federal Reserve interest rate cut later this month remained intact following the…
As of early premarket trading on December 1, 2025, Dow Jones Industrial Average (DJIA) futures are pointing to a modestly lower open for the first trading day of the month, reflecting a cautious shift after last week’s strong gains. The benchmark index closed Friday at 47,743, up 0.61% in a holiday-shortened session, capping a solid…
Commodities futures and options trading on CME Group’s popular platform was halted on Friday due to a technical issue at data centers, the world’s largest exchange operator said in a social media post. Equity Index & FX Futures: Close at 12:15 PM CT Traders have raised the odds of a 25-basis-point Fed cut at the…
Fundamental Outlook – Low-Impact Day Until CloseToday is relatively quiet on the macro front — no tier-1 market movers during regular hours. The main catalysts are: 8:30 AM EST → Housing Starts & Building Permits (consensus mild improvement)10:30 AM EST → EIA Crude Oil Inventories (expected draw)2:00 PM EST → FOMC November Meeting Minutes (the…
The post-Nvidia “sell the news” hangover hit tech hardest (Nasdaq -2.2%), but the price-weighted Dow held up better than Nasdaq/S&P thanks to less exposure to megacap AI names. We’re now ~6% off the mid-November all-time highs near 48,500. No major earnings or catalysts. The Nvidia aftermath dominates sentiment: despite the massive beat/guidance, the intraday reversal…