{"id":65561,"date":"2025-10-30T02:00:21","date_gmt":"2025-10-30T07:00:21","guid":{"rendered":"https:\/\/www.tradestation.com\/insights\/?p=65561"},"modified":"2025-10-30T12:22:00","modified_gmt":"2025-10-30T17:22:00","slug":"market-trends-october-30","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2025\/10\/30\/market-trends-october-30\/","title":{"rendered":"Is Technology The Only Game in Town?"},"content":{"rendered":"<p>Downloads are available\u00a0<a href=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/MT-Public-Materials-October-2025.zip\">here<\/a>. TradeStation\u2019s ideas on TradingView are\u00a0<a href=\"https:\/\/www.tradingview.com\/broker\/TradeStation\/ideas\/\">available here<\/a>.<\/p>\n<h2 class=\"wp-block-heading\">Sizing Up the Market<\/h2>\n<ul>\n<li>S&amp;P 500 forms bearish outside day at record high<\/li>\n<li>Breadth weakens:\n<ul>\n<li>43 member stocks made 52-week lows on Wednesday (most since 4\/9)<\/li>\n<li>Only 1\/4 of S&amp;P 500 stocks up Mon-Wed of this week despite index +1.5%<\/li>\n<li><em><strong>However,<\/strong><\/em> 17 Nasdaq-100 members make 52-week highs (most since 11\/11\/24)<\/li>\n<\/ul>\n<\/li>\n<li>Potential support zone on 10\/24 range of 6,772 &#8211; 6,807<\/li>\n<li>Intermarket signals have a potentially bearish slant:\n<ul>\n<li>10-year Treasury yield bounces at 4 percent<\/li>\n<li>U.S. dollar index rises again, has made higher weekly lows since mid-September<\/li>\n<li>VIX stays above 15<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div id=\"attachment_65566\" style=\"width: 1930px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-65566\" class=\"size-full wp-image-65566\" src=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20251029.jpg\" alt=\"\" width=\"1920\" height=\"918\" srcset=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20251029.jpg 1920w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20251029-300x143.jpg 300w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20251029-1024x490.jpg 1024w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20251029-768x367.jpg 768w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20251029-1536x734.jpg 1536w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20251029-1080x516.jpg 1080w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><p id=\"caption-attachment-65566\" class=\"wp-caption-text\"><em>S&amp;P 500, daily chart, with select indicator and patterns.<\/em><\/p><\/div>\n<h2>News &amp; Events:<\/h2>\n<ul>\n<li>Powell non-committal on December rate cut as Schmid opposes October cut<\/li>\n<li>New stocks joining the AI\/datacenter boom:\n<ul>\n<li>CAT: Energy equipment<\/li>\n<li>HAL: Collaborating w\/ VoltaGrid on Middle East datacenters<\/li>\n<li>PYPL: Partners with OpenAI<\/li>\n<li>NOK: Surges on NVDA investment<\/li>\n<li>CCJ: Partnering with government on nuclear plants<\/li>\n<\/ul>\n<\/li>\n<li>AMZN job cuts may confirm staying power of AI<\/li>\n<li>ARE warns of impairments on property values<\/li>\n<li>CVNA earnings miss as used-car market stalls<\/li>\n<li>CMG falls on weak comps<\/li>\n<li>Dan Niles: Some AI stocks face 30-50% corrections in 2026<\/li>\n<li>Citi lowers short-term gold target from $4,000 to $3,800<\/li>\n<li>UBS: CTAs to keep buying Nasaq-100 if it stays above 23,900 (vs Wed close of 26,120)<\/li>\n<li>Cathie Wood warns of potential &#8220;reality check&#8221; in AI stocks<\/li>\n<\/ul>\n<h2>Upcoming Events<\/h2>\n<ul>\n<li>Earnings tonight: *<em><strong>AAPL* *AMZN*<\/strong><\/em> COIN RDDT<\/li>\n<li>Fri 10\/31: XOM CVX ABBV<\/li>\n<li>Mon 11\/3: ISM manufacturing\n<ul>\n<li>Earnings: PLTR<\/li>\n<\/ul>\n<\/li>\n<li>Tue 11\/4: PFE UBER | AMD MSCI<\/li>\n<li>Wed 11\/5: ADP private-sector payrolls, tariff case in Supreme Court, ISM services<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Only 1\/4 of the S&#038;P 500\u2019s members are up this week.<\/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-65561","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":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is Tech The Only Game in Town?<\/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\/30\/market-trends-october-30\/\" \/>\n<meta property=\"og:locale\" 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