Crude breaks down and breadth improves, but Tech still needs to stabilize

In this video on stock market outlook this week, Mark L. Newton, CMT, reviews how U.S. equities are trading into the early November 2026 Election Day window, with a focus on S&P 500 (SPX) price action, market breadth, and the ongoing divergence between Technology and the rest of the market. He walks through short‑term technical structures in SPX and Invesco QQQ Trust (QQQ), highlighting key chart levels, wave patterns, and what recent breadth strength in areas such as Homebuilders (SPDR S&P Homebuilders ETF, XHB), Financials, and Transports might signal for near‑term index moves.

Newton also examines the recent pullback in WTI crude oil futures (CL1), placing it in the context of the four‑month uptrend, U.S. dollar and Treasury yield action, and the November 2026 geopolitical and election calendar. The video analyzes Apple Inc. (AAPL) after its latest earnings report, including daily and monthly trend and momentum signals, and discusses how AAPL’s setup may impact broader Technology performance. He then broadens the lens to recent strength in selected Emerging Markets, including India via iShares MSCI India ETF (INDA), and key breakout and resistance areas. Full technical analysis, charts, and Newton’s detailed views are available to subscribers in the complete report.

In this video on stock market outlook this week, Mark L. Newton, CMT, reviews how U.S. equities are trading into the early November 2026 Election Day window, with a focus on S&P 500 (SPX) price action, market breadth, and the ongoing divergence between Technology and the rest of the market. He walks through short‑term technical structures in SPX and Invesco QQQ Trust (QQQ), highlighting key chart levels, wave patterns, and what recent breadth strength in areas such as Homebuilders (SPDR S&P Homebuilders ETF, XHB), Financials, and Transports might signal for near‑term index moves.

Newton also examines the recent pullback in WTI crude oil futures (CL1), placing it in the context of the four‑month uptrend, U.S. dollar and Treasury yield action, and the November 2026 geopolitical and election calendar. The video analyzes Apple Inc. (AAPL) after its latest earnings report, including daily and monthly trend and momentum signals, and discusses how AAPL’s setup may impact broader Technology performance. He then broadens the lens to recent strength in selected Emerging Markets, including India via iShares MSCI India ETF (INDA), and key breakout and resistance areas. Full technical analysis, charts, and Newton’s detailed views are available to subscribers in the complete report.

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