S&P 500 Daily Update for Wednesday March 26, 2025

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Summary of the Daily Update for Tuesday, March 25, 2025:
Market Performance:
The market had a flat open, climbed to nearly R1 at 5789, fell back to being unchanged, and drifted sideways, closing slightly positive with a 0.16% gain on below-average volume.
Mega Caps performed well, supporting the market, while housing is struggling due to high prices, earnings disappointments, and rising interest rates.
Technical Indicators:
The short and long-term trends are positive (above moving averages), but the intermediate term remains negative (below 50 and 100-period moving averages).
The VIX is at 17.15, below 20, indicating reduced volatility. Short-term indicators such as the StochRSI and Williams %R show positive momentum, though some are nearing overbought levels.
A non-confirmed Hindenburg Omen persists until the end of March, and sentiment is negative but improving (from 28 to 29).
Economic Context:
Interest rates dipped slightly (10-year yield at 4.31% from 4.33%). The Core PCE inflation report is due Friday, and weekly jobless claims are expected Thursday.
Economic reports are weaker than anticipated but not collapsing. The housing market slowdown concerns are growing, with prices rising (FHFA up 0.2%, Case-Shiller up 4.7%) and consumer confidence dropping (92.9 vs. 94.2 expected).
Outlook for Wednesday, March 26:
Seasonality is neutral to negative for the Dow and S&P, negative for the NASDAQ. Seasonality suggests a challenging week post-options expiration (down 62% of the time), though subtle improvements in momentum and growth-to-value ratios offer some optimism.
Key data to watch includes the Weekly MBA Mortgage Applications and Durable Goods orders.
Overall:
The market shows mixed signals with positive short and long-term trends, a negative intermediate term, and improving momentum. Employment, housing, and upcoming economic data remain critical focus areas.

PDF of Charts and Slides used in today's video:
https://drive.google.com/file/d/17gEo7KaaHj8OyUkY6RuoaSWD9gaBQudo/view?usp=sharing

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DISCLAIMER This video is for entertainment purposes only. I am not a financial adviser, and you should do your own research and go through your own thought process before investing in a position. Trading is risky!