{"id":65475,"date":"2025-10-23T02:00:31","date_gmt":"2025-10-23T07:00:31","guid":{"rendered":"https:\/\/www.tradestation.com\/insights\/?p=65475"},"modified":"2025-10-23T07:28:28","modified_gmt":"2025-10-23T12:28:28","slug":"market-trends-october-23","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2025\/10\/23\/market-trends-october-23\/","title":{"rendered":"Safe Havens Lead as Momentum Slows"},"content":{"rendered":"

Downloads are available\u00a0here<\/a>. TradeStation\u2019s ideas on TradingView are\u00a0available here<\/a>.<\/p>\n

Sizing Up the Market<\/h2>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Sector<\/strong><\/span><\/td>\n21-day %<\/strong><\/span><\/td>\n<\/tr>\n
Health care<\/td>\n+7%<\/td>\n<\/tr>\n
Utilities<\/td>\n+4.8%<\/td>\n<\/tr>\n
Technology*<\/td>\n+2.5%<\/td>\n<\/tr>\n
Real estate<\/td>\n+2.3%<\/td>\n<\/tr>\n
Consumer staples<\/td>\n+1.6%<\/td>\n<\/tr>\n
S&P 500<\/td>\n+0.7%<\/td>\n<\/tr>\n
Industrials<\/td>\n+0.4%<\/td>\n<\/tr>\n
Materials<\/td>\n-0.7%<\/td>\n<\/tr>\n
Consumer discretionary*<\/td>\n-1%<\/td>\n<\/tr>\n
Communications*<\/td>\n-1.5%<\/td>\n<\/tr>\n
Financials<\/td>\n-2.5%<\/td>\n<\/tr>\n
Energy<\/td>\n-2.8%<\/td>\n<\/tr>\n
Source: TradeStation data<\/em>
\n*-Megacap growth sectors<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
    \n
  • S&P 500 still in range from October 10 candle (6,651-6,762)<\/li>\n
  • October 21: Was it “turnaround Tuesday?”<\/li>\n
  • S&P 500 has gone 9 days without a new 52-week high, the longest since breaking out June 27<\/li>\n
  • Safe havens outperforming (see table)<\/li>\n
  • Momentum tech stocks fall: BE IONQ IREN<\/li>\n
  • Significant uncertainty:\n
      \n
    • Waiting on Fed (10\/29)<\/li>\n
    • Earnings (biggest companies next week; see below)<\/li>\n
    • Government shutdown<\/li>\n
    • Tariffs & trade<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

      News & Events<\/h2>\n
        \n
      • NFLX: Biggest drop in 2-1\/2 years on Brazil tax hit; small upside on EPS, revenue, guidance<\/li>\n
      • ISRG: Rallies on strong results, optimism about da Vinci 5 robots<\/li>\n
      • PEGA: Gains on strong bookings. New cloud-computing \/ AI stock?<\/em><\/li>\n
      • GM: Strong outlook as earnings beat<\/li>\n
      • MMM: Rallies on turnaround potential<\/li>\n
      • RTX: Breaks out amid strong results, guidance<\/li>\n<\/ul>\n
        \"\"

        S&P 500, daily chart, with select patterns and indicators.<\/em><\/p><\/div>\n

        Chart Patterns<\/h2>\n
          \n
        • WMT pulls back above old highs<\/li>\n
        • AAPL pulls back above old highs<\/li>\n
        • HOOD pulls back to 50-day MA<\/li>\n
        • NVDA: Stuck under October 10 bearish outside candle<\/li>\n
        • GS slides after results<\/li>\n<\/ul>\n

          Upcoming Events<\/h2>\n
            \n
          • Earnings tonight: INTC F DECK NEM<\/li>\n
          • Fri 10\/24: *CPI*<\/em><\/strong><\/span><\/li>\n
          • Tue 10\/28: Consumer confidence\n
              \n
            • Premarket: DHI PYPL UNH GLW<\/li>\n
            • Postmarket: STX TER V<\/li>\n<\/ul>\n<\/li>\n
            • Wed 10\/29: EIA crude oil inventories, *FOMC*<\/em><\/strong><\/span>\n
                \n
              • Premarket: BA VZ CAT CVS<\/li>\n
              • Postmarket: *<\/span>META*<\/span> *GOOGL*<\/span> *MSFT*<\/span><\/strong><\/em> WOLF SBUX KLAC<\/li>\n<\/ul>\n<\/li>\n
              • Thu 10\/30:\n
                  \n
                • Premarket: LLY MRK BMY<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

                  The S&P 500 has gone almost two weeks without making a new all-time high.<\/p>\n","protected":false},"author":39,"featured_media":63321,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[1276,13],"tags":[],"class_list":["post-65475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-trends","category-stocks","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\nSafe Havens Lead as Momentum Slows | Market Insights<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradestation.com\/insights\/2025\/10\/23\/market-trends-october-23\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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