Industrials, Consumer Discretionary joining Financials in strong bounce

In this video-based technical update on the stock market outlook this week, Mark L. Newton, CMT, reviews how recent tariff-escalation headlines intersect with short-term price action across major U.S. equity indices and sectors as of mid-October 2025. He walks through the latest moves in the SPDR S&P 500 ETF Trust (SPY), using DeMark indicators, Elliott Wave counts, and cycle work to frame potential timing windows for a near-term trading inflection. Newton also compares SPY against the SPDR Euro Stoxx 50 ETF (FEZ) in U.S. dollars, highlighting how recent performance in mega-cap Technology and Communication Services names such as Nvidia (NVDA), Amazon (AMZN), Meta Platforms (META), and Netflix (NFLX) has influenced the SPY vs. FEZ relationship.

The video examines whether renewed strength in U.S. Financials following earnings from Goldman Sachs (GS), JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) is coinciding with potential turnarounds in Industrials and Consumer Discretionary. Newton analyzes equal-weighted sector ratios, including Invesco’s equal-weighted Consumer Discretionary ETF (RSPD) vs. its equal-weighted S&P 500 ETF (RSP), and SPDR Select Sector ETFs such as Industrials (XLI) versus SPY. He discusses charts and support/resistance behavior in homebuilders and casinos (including Las Vegas Sands (LVS), Wynn Resorts (WYNN), PulteGroup (PHM), D.R. Horton (DHI)) and key Industrials names (such as General Electric (GE), Uber Technologies (UBER), RTX (RTX), and Quanta Services (PWR)). The full 7-minute video and report include his detailed sector work, time-frame considerations into late October, and annotated charts.

In this video-based technical update on the stock market outlook this week, Mark L. Newton, CMT, reviews how recent tariff-escalation headlines intersect with short-term price action across major U.S. equity indices and sectors as of mid-October 2025. He walks through the latest moves in the SPDR S&P 500 ETF Trust (SPY), using DeMark indicators, Elliott Wave counts, and cycle work to frame potential timing windows for a near-term trading inflection. Newton also compares SPY against the SPDR Euro Stoxx 50 ETF (FEZ) in U.S. dollars, highlighting how recent performance in mega-cap Technology and Communication Services names such as Nvidia (NVDA), Amazon (AMZN), Meta Platforms (META), and Netflix (NFLX) has influenced the SPY vs. FEZ relationship.

The video examines whether renewed strength in U.S. Financials following earnings from Goldman Sachs (GS), JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) is coinciding with potential turnarounds in Industrials and Consumer Discretionary. Newton analyzes equal-weighted sector ratios, including Invesco’s equal-weighted Consumer Discretionary ETF (RSPD) vs. its equal-weighted S&P 500 ETF (RSP), and SPDR Select Sector ETFs such as Industrials (XLI) versus SPY. He discusses charts and support/resistance behavior in homebuilders and casinos (including Las Vegas Sands (LVS), Wynn Resorts (WYNN), PulteGroup (PHM), D.R. Horton (DHI)) and key Industrials names (such as General Electric (GE), Uber Technologies (UBER), RTX (RTX), and Quanta Services (PWR)). The full 7-minute video and report include his detailed sector work, time-frame considerations into late October, and annotated charts.

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