Published: Monday, November 17, 2025 · 9:54 PM | Updated: Monday, November 17, 2025 · 9:54 PM
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🗝️ Key Points
- 00:00 Speaker A with the Dow falling more than 550 points.
- Yahoo Finance's Jared Blikre joining us now with the Trading Day Takeaways, Jared.
- We got to talk about the 50-day moving average, continuation of the conversation we had late last week.
00:00 Speaker A
with the Dow falling more than 550 points. Yahoo Finance’s Jared Blikre joining us now with the Trading Day Takeaways, Jared.
00:06 Jared Blikre
Thank you. We got to talk about the 50-day moving average, continuation of the conversation we had late last week. And today was a finally a fail for certain markets. And let’s take a look at the S&P 500 because as you might remember, it has been in play. This is the S&P 500 year to date. I’m going to plug our 50-day moving average over it and you can see hard to see here, but we just barely broke through it today on the close. and the close is what matters here.
00:32 Jared Blikre
So I’m going to dial this down to a two-month chart and you can see our candlesticks. So the lows of the day, uh not only last Friday, but the Friday before that actually dipped below that line, but they were able to recover into the close. This is the first close we’ve had below that 50-day moving average since just before May 1st. So that would be uh in the midst of that recovery off of those scary lows that we had over in April.
00:54 Jared Blikre
If we take a look at the technology sector, XLK, and I’ll put lines back here, very similar situation. Just closed uh relatively close to the line, but underneath it nevertheless. I’ll put a two-month chart so you can see that. But then, couple of saves here. The Philly uh semiconductor index, the so-called socks, we had uh we had it penetrated intraday, but we closed above and Nvidia above as well. Why do I make so much noise about this? It’s because it’s like the 200-day moving average.
01:17 Jared Blikre
It’s one of those technical analysis indicators that everybody looks at. So it can be very self-fulfilling. It generates headlines and uh when you get a close like that, the first one in a long time, sometimes you see that spill over uh in the subsequent days. So not necessarily the next day, but I’ll be watching that over this week to see if we get some downside momentum.
01:31 Speaker A
You’re watching it. Is it time to panic?
01:33 Jared Blikre
Ooh, the Kent Brockman question of the day. I love it. Uh, no, not just yet. We got to talk about the lifeblood of a bull market. I’m not going to tell you exactly what that is. I’d rather let Caleb Silver do that. He is the editor-in-chief of uh He’s a very smart guy of Investopedia.
01:43 Speaker A
Smart guy.
01:48 Jared Blikre
We sat down with him uh for an episode of stocks and translation being released Tuesday morning early in the AM. but here’s what he had to say.
02:00 Caleb Silver
We’ve had a pretty good run off those April second or third lows. Uh stock market was up some 30%. Lots of uh drum beats around overvaluation, bubbles, fragility, too much weight in one sector of the market. We’ve heard it all and it’s not crazy to see a little bit of a sell off here, but a nice little healthy sector rotation if you look at what’s happening inside the market, sector rotation of course, the life blood of the market.
02:16 Jared Blikre
That is a quote from Ralph Acampora, uh the Godfather of technical analysis, also the uncle of Jay Woods, uh a very good friend of the program here. So let’s talk about sector rotation. What I have here are the all the large cap uh sectors in the S&P 500 and how they’ve done since the beginning of the quarter. So that also coincides with the beginning of the shutdown. So there might be some interesting overlap there. Nevertheless, XLV in the poll position of 9%. That’s healthcare.
02:40 Jared Blikre
Then you got utilities quite a bit less, 2.7%. Then uh energy, tech, barely in the green, kind of struggling there. S&P 500 now is down. So S&P 500 is negative this quarter. and what’s not doing well? Communication services, that’s mainly meta and some of the coms, telecoms, materials, discretionary, financials. So a bunch of cyclicals not doing particularly well. Nevertheless, the life blood of the market is when all these other sectors step up. So,
03:02 Jared Blikre
right now we’ve got the markets still pretty close to their all-time high, so no, it is not time to panic just yet. Hope I answered your question.
03:10 Speaker A
You sure did. Uh we covered stocks.
03:11 Jared Blikre
Yes.
03:12 Speaker A
I feel like we need a crypto check.
03:13 Jared Blikre
Yes, we do. Bitcoin’s bear. It’s been in a bear market for a while. Crypto has not been doing well. No secret there. So let’s pull up our crypto universe. Here’s Bitcoin. Uh this is quarter today. That’s interesting.
03:26 Jared Blikre
down 17%, but we want to dial this back down to an intraday where Bitcoin is down 2% over the trailing 24 hours. I’ve been showing this, uh let me do this six-month chart there so we can apply Here is the all-time high and as we were saying for months, as I was saying for months in here, well, Bitcoin’s in a range. Clearly, it is not in a range anymore. Maybe it’s just in a bigger range, uh but it has broken a lot of support levels. So this is a six-month chart. Let me show you a two-year.
04:00 Jared Blikre
There we go. And you can see now, well, we still got this trend line kind of in play here. You know, it depends on how you draw it. But nevertheless, Bitcoin is threatening 90,000, kind of a big deal there. But if you’re worried about Bitcoin, you got to think about some of the other uh crypto tokens here because they’re down quite a bit more. So this is just over the last month where Bitcoin’s off 14%. Ethereum’s off 21%.
04:22 Jared Blikre
And uh some of these like Solana down 28%. So there’s a lot of damage being done within the ecosystem. I said for a long time, uh even kind of just a few weeks ago, looks like Bitcoin is starting to sell off. I’m a short-term bear, still a long-term, long-term bull.
04:36 Speaker A
and here on the dollar.
04:37 Jared Blikre
Yeah, let’s let’s take a look at the dollar. Haven’t done that in a while. Um the dollar has actually been kind of in rally mode for the last few months, but if you take a look at the year to date, you can see it’s still kind of stuck in the bottom end of a trading range. So let me show you what I mean here. Here’s the US dollar index, here’s the year to date. And here we have risen off of these lows. doesn’t look like a lot from this chart because we’ve uh had such a big downturn in the beginning of the year,
05:07 Jared Blikre
but this is a decent sized range right here. So we came from the bottom of the range, we tested the top and we’re now a little bit off of that. Um I think upside is limited. I’d be surprised if the dollar is able to pop above 100. and 96 is a level to watch to the downside. Anything in between, well, yeah, I wouldn’t make a big deal out of it.
05:22 Speaker A
All right, thank you, buddy. Appreciate it.
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