As London/European traders head for the exits, the major US stock indices are trading at Lowe’s for the day. The Dow industrial average is now down -0.18% or -89 points. At session highs the index was up 150 points.S&P index is up 3.24 points or 0.05%. At session highs the index was up 52.26 points.NASDAQ index is up 87 points or 0.36%. Added session highs the index was up 365.09 points.Fed officials speaking today have been more hawkish and suggest that a December cut is certainly in question. Having no data is starting to become more problem as well.US yields are mixed with the 2–year yield at 3.602%, -1.2 basis points5 year yield 3.707%, -1.2 basis points10 year yield 4.09%, unchanged30 year yield 4.661%, +1.4 basis pointsIn Europe, the major indices are all closing lower.:German DAX -0.67%France’s CAC -0.44%UK’s FTSE 100 -0.44%Spain’s Ibex -0.05%Italy’s FTSE MIB -0.06%Looking at other markets:Crude oil is trading up $0.21 or 0.39% at $60.78.Gold is down $38 or -0.93% and back below the $4000 level at $3986.10.Silver is trading down $0.34 or -0.70% at $48.55.Bitcoin is up $500 at $108,850. This article was written by Greg Michalowski at investinglive.com. 🔗 Read Full Article 💡 DMK Insight US stock indices are showing weakness as European traders exit, and here’s why that matters: The Dow is down nearly 90 points after hitting session highs earlier, indicating a potential reversal in sentiment. This could signal a broader risk-off attitude, especially as traders digest economic data and corporate earnings reports. The S&P’s slight uptick is almost negligible, suggesting that even the broader market is struggling to find momentum. If the Dow breaks below key support levels, we could see further selling pressure, particularly from institutional investors looking to hedge against volatility. Keep an eye on the 50-day moving average for the S&P, as a close below that could trigger more aggressive selling. On the flip side, the current dip might present a buying opportunity for swing traders if they can identify oversold conditions. Watch for any bounce-back in the coming sessions, as that could indicate a temporary bottom. But for now, the immediate sentiment is bearish, and traders should be cautious about entering new long positions until we see a clear reversal pattern. 📮 Takeaway Monitor the Dow’s support levels closely; a break below could lead to increased selling pressure, while a bounce might signal a buying opportunity.

95-year-old Warren Buffett already announced that he will be stepping down from Berkshire Hathaway at year end. In February, successor Greg Abel will pen a annual shareholder letter but the WSJ reports today that Buffett will publish two letters on November 10 — one to Berkshire Hathaway shareholders and one to his three children, presumably about his wealth.Buffett will step down as CEO but will remain chairman.Buffett is known for a willingness to pay up for quality but here is a chart showing that his big bets were at levels far below what major companies are trading at now. That helps to explain why Berkshire is holding so much cash.We will have to see if Greg Abel operates differently. This article was written by Adam Button at investinglive.com. 🔗 Read Full Article 💡 DMK Insight Warren Buffett’s impending retirement is a pivotal moment for Berkshire Hathaway and the broader market. With Buffett stepping down, traders should brace for potential volatility as the market digests the leadership transition. Greg Abel’s upcoming shareholder letter in February will be crucial, but the two letters Buffett is set to release on November 10 could provide insights into his final thoughts on the company’s direction and investment philosophy. This could impact Berkshire’s stock price and related sectors, especially if Buffett hints at strategic shifts. Keep an eye on how institutional investors react; they might adjust their positions based on Buffett’s insights. Historically, leadership changes at major firms can lead to short-term uncertainty, but they also present opportunities for savvy traders. Watch for key price levels around Berkshire’s stock that could signal a buying or selling opportunity post-announcement. The immediate focus should be on how the market reacts to Buffett’s letters, as they could set the tone for Berkshire’s trajectory heading into 2024. 📮 Takeaway Mark November 10 on your calendar; Buffett’s letters could trigger significant market moves, especially in Berkshire Hathaway’s stock.

CNBC’s Kristina Partsinevelos reports:Trump told Xi chip sales are “between you and Nvidia.” Huang must clear antitrust, backdoor H20 risks, and energy failures. By then, a source says B30A launching mid-2026 is 50% performance and a generation behind Rubin. Beijing stalling lets developers migrate to Huawei.I think there is some worry in US circles that if Nvidia doesn’t provide chips to China, then they could develop their own and export to the rest of the world at much lower costs; and then it would be China that has the leverage elsewhere instead of the US.Then again, I don’t think that genie is going back in the bottle anyway. Like rare earths, once you threaten supply, it’s incumbent that new supply chains are developed. This article was written by Adam Button at investinglive.com. 🔗 Read Full Article 💡 DMK Insight Trump’s comments on chip sales signal a potential shift in the tech landscape, and here’s why that matters: The ongoing tension between the U.S. and China over semiconductor technology is heating up, especially with Nvidia at the center of it. If Huang’s Nvidia faces antitrust scrutiny and energy issues, it could impact supply chains and pricing across the tech sector. Traders should keep an eye on how these geopolitical tensions affect related stocks, particularly in the semiconductor space. If developers start migrating to Huawei due to delays with Nvidia, we could see a shift in market share that might ripple through the entire tech ecosystem. Watch for key technical levels in Nvidia’s stock; a break below recent support could trigger further selling. Additionally, monitor the broader market sentiment towards tech stocks, especially as we approach mid-2026 when the B30A is expected to launch. This could be a pivotal moment for Nvidia and its competitors, so staying alert to news and developments in this area is crucial. 📮 Takeaway Keep an eye on Nvidia’s support levels and watch for potential shifts in market share as developers consider alternatives like Huawei.

Here is a look at the week ahead from Earnings Whispers.I can’t believe D-Wave Quantum is getting top billing there above ConocoPhillips. The first is a company that reported $3.1 million in revenues last quarter and the second had $14 billion. That goes to show that we’re alot closer to the top than the bottom.To be honest, I see way too many memes on this list and not enough real companies. I wouldn’t want to own many of these. This article was written by Adam Button at investinglive.com. 🔗 Read Full Article 💡 DMK Insight Earnings reports can be a mixed bag, but the spotlight on D-Wave Quantum over ConocoPhillips raises eyebrows. With D-Wave’s $3.1 million revenue compared to ConocoPhillips’ $14 billion, it highlights a growing trend where speculative tech stocks are drawing more attention than established players. This could signal a shift in investor sentiment, favoring high-risk, high-reward opportunities, especially in the tech sector. For traders, this divergence suggests a potential volatility spike in both stocks. D-Wave might attract speculative buying, pushing its price higher despite its lower revenue, while ConocoPhillips could see profit-taking as investors reassess their positions in more stable assets. Keep an eye on the upcoming earnings reports; if D-Wave shows significant growth or innovative developments, it could further fuel speculative interest. Conversely, if ConocoPhillips misses expectations, it might lead to a sell-off. Watch for key price levels around recent highs and lows for both stocks to gauge market sentiment and potential entry or exit points. 📮 Takeaway Monitor D-Wave Quantum’s earnings closely; any positive surprises could trigger significant volatility, while ConocoPhillips’ performance will be critical for assessing stability in the energy sector.

I love it when a new month starts on a Monday and that’s the just the beginning of the good news for November. The clocks go back this weekend and the weather gets worse but it’s a great month for risk assets.Best month for the NasdaqSecond-best month for the S&P 500Second-best month for the MSCI world indexSecond-best month for the German DAXBest month for the Nikkei 225Best month for USD/JPYThird-best month for the US dollarWorst month for WTI crudeWorst month for CADThere is something for gold bugs as well as the November through February period is a particularly strong time for gold, a pattern that’s worked for more than 15 years and I’ve touted in every one of those. Generally, the trade is to buy any mid-November dip and ride it but there’s no harm in being early.In terms of stock markets, the FTSE 100 is a bit of a relative dog as it averages declines. This article was written by Adam Button at investinglive.com. 🔗 Read Full Article 💡 DMK Insight November’s arrival could signal a bullish trend for risk assets, especially tech stocks. Historically, November has been a strong month for the Nasdaq and S&P 500, with the Nasdaq often leading the charge. Traders should keep an eye on the tech sector, as seasonal trends could drive momentum. The shift in daylight saving time may also influence market behavior, as traders adjust their strategies for the shorter days ahead. Look for key technical levels in the Nasdaq around recent highs, as a breakout could attract more buying interest. However, be cautious of potential volatility as the month progresses, especially if economic data releases create uncertainty. Keep an eye on earnings reports and macroeconomic indicators that could impact sentiment. As we move forward, watch for the Nasdaq to test resistance levels; a decisive break could lead to a significant rally. Conversely, if the market fails to hold these gains, it might trigger profit-taking, so stay alert for signs of reversal. 📮 Takeaway Watch for the Nasdaq to test key resistance levels this November; a breakout could signal a strong rally in tech stocks.

It was a lively day in terms of price action as US stocks started very strongly, then sold off and eventually fell into negative territory in the mid-afternoon. Bids arrived late though and US stocks marched all the way back close (but not above) the intraday highs. In the last 10 minutes of trading, there was more selling.S&P 500 +0.3%Nasdaq Comp +0.7%DJIA +0.1%Russell 2000 +0.7%Toronto TSX Comp +0.3%On the week:S&P 500 +0.7%Nasdaq Comp +2.2%DJIA +0.7%Russell 2000 -1.2%Toronto TSX Comp -0.3%On the month:S&P 500 +2.3%Nasdaq Comp +4.7%DJIA +2.5%The six-month winning streak in the S&P 500 is the longest since 2021.I continue to think the Russell 2000 remains the most-compelling chart but I fear it’s being driven by a couple dozen meme stocks that are now the largest components. This article was written by Adam Button at investinglive.com. 🔗 Read Full Article 💡 DMK Insight US stocks showed volatility today, and here’s why crypto traders should pay attention: The late-day recovery in equities could signal a shift in sentiment that might spill over into crypto markets, particularly for assets like SOL and ADA. If stocks continue to stabilize or rally, we could see a similar trend in cryptocurrencies, especially if institutional investors start reallocating funds. Keep an eye on SOL’s resistance around $190 and ADA’s support at $0.60. A break above these levels could trigger bullish momentum, while failure to hold could lead to further selling pressure. But don’t overlook the potential for a pullback if stocks falter again. The correlation between stocks and crypto is still strong, and any negative news could quickly reverse gains. Watch for key economic indicators this week, as they could dictate market direction. Traders should also monitor trading volumes; a spike could indicate a shift in momentum, while low volumes might suggest a lack of conviction in the current price action. 📮 Takeaway Watch SOL at $190 and ADA at $0.60; a breakout could signal bullish momentum, but a failure to hold these levels may lead to selling pressure.

Inflation expectations anchoredShould proceed based on what data is telling usShould look through tariff-driven inflationExcluding temporary inflation, PCE is running at 2.5%Biggest concern now is labor marketStill advocates cutting rates in DecemberRight thing to do is to keep cuttingHe wants that Fed job. This article was written by Adam Button at investinglive.com. 🔗 Read Full Article 💡 DMK Insight Inflation expectations are stabilizing, but the labor market remains a wild card for traders. With ADA currently at $0.61, the Fed’s potential rate cuts could influence crypto sentiment, especially if inflation metrics like the PCE hold steady at 2.5%. If the Fed cuts rates in December, it could lead to increased liquidity, which historically boosts crypto prices. However, if labor market data shows weakness, it could trigger volatility across the board. Traders should keep an eye on upcoming labor reports and how they might sway Fed decisions. The flip side? If inflation continues to surprise to the upside, we could see a hawkish pivot that might pressure ADA and other altcoins. Watch for ADA’s support around $0.55; a break below could signal further downside risk. Conversely, a rally above $0.65 could reignite bullish momentum. Timing is key here, so stay alert for any shifts in the Fed’s narrative and labor market indicators. 📮 Takeaway Watch ADA closely; a break below $0.55 could signal more downside, while a rise above $0.65 might indicate renewed bullish sentiment.

Fed’s Schmid: Dissented against rate cut because of continued momentum in economyFed’s Bostic:Eventually got behind the cut this week.Fed’s Hammack says would not have cutFed’s Logan (voter in 2026) says she would have preferred to hold ratesCanada August GDP -0.3% vs 0.0% expectedTrump told Xi: Chip sales are “between you and Nvidia”Warren Buffett will release a letter to shareholders on November 10Why the Fed’s Schmid is right to cite financial conditions as a reason to pause rate cutsTrump set to authorize strikes inside Venezuela on military targetsNovember market seasonals: Simply the bestMarkets:Gold down $27 to $3995US 10-year yields flat at 4.09%WTI crude oil up 32-cents to $60.89S&P 500 up 0.3%JPY leads, CHF lagsThe stock market had a few tricks on Halloween as strong early gains were snuffed out and stocks fell into negative territory in the US afternoon. But the dip buyers stepped in with bids and that led to a decent finish. Amazon led the way with a nearly 10% gain.In FX, the US dollar was generally stronger and the euro slid. ECB policymakers continued to highlight a shift to the sidelines so it was mostly just he ebb and flow but it was a decent move down to 1.1530 from 1.1570 in late trading.Cable also fell to touch the lowest since April at 1.3098 but it firmed from there to 1.3040, which was narrowly above the May and July lows. It’s an interesting chart to watch as UK budget angst continues to rise. There was more talk of curbing tax breaks late on Friday.Gold was slammed midway through the session as a good gain to $4045 reversed in a fall to a low of $3974. Dip buyers were there tough and we’re wrapping up the week very close to $4000.Bitcoin fared better as it tacked on 2% to $109,631.On net, there wasn’t much in the way of market moving news. Oil rose on the Venezuela talk but Trump personally denied it. That’s going to be an angle to watch but Venezuela is no longer a major crude producer. This article was written by Adam Button at investinglive.com. 🔗 Read Full Article 💡 DMK Insight The Fed’s mixed signals on rate cuts are shaking up market sentiment, and here’s why that matters for traders: With ADA currently at $0.61, the uncertainty around interest rates could influence crypto and forex markets significantly. The dissent among Fed officials indicates a split in policy direction, which can lead to increased volatility. Traders should keep an eye on how these comments affect the dollar’s strength against ADA and other altcoins. If the Fed leans towards maintaining higher rates, it could strengthen the dollar, putting downward pressure on crypto prices. Conversely, if the market interprets these comments as dovish, we might see a short-term rally in ADA. Watch for key resistance levels around $0.65 and support at $0.58. The upcoming economic data releases will be crucial in shaping market expectations, so stay alert for any shifts in sentiment. Here’s the thing: while mainstream coverage focuses on the Fed’s decisions, the real impact will come from how traders react to these mixed signals. Keep an eye on institutional movements as they could signal larger trends in the market. 📮 Takeaway Monitor ADA’s price action around $0.65 resistance and $0.58 support as Fed comments drive volatility in the crypto market.