Weekend Report for Monday, November 24, 2025
Bottom Line:
From last weekend’s Report:
The benefit of the doubt has to go with the bull market continuing soon. The bull leg off the April low was extraordinary vertical – historically so. The current retracement volatility is normal and overdue.
Next week’s trade is likely to put in an important low if the bull market is intact.
It is quite possible we’ve seen an important low. We should know by mid-week.
VIDEO: https://youtu.be/RrBkpTjxzWM
PDF: Weekend Report_2025_11_23
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SPX
Upper KRA: 6660
Lower KRA: 6545-6519
NDX
Upper KRA: 25528
Lower KRA: 23856
DOW
Upper KRA: 46396-46599
Lower KRA: 45719
NYA
Upper KRA: 21286
Lower KRA: 20906
RSP
Upper KRA: 186-187
Lower KRA: 182
RUT
Upper KRA: 2389-2401
Lower KRA: 2302
VIX spiked to just above 26 on Thursday, its highest close since the April lows were forming. It did close lower on Friday. There is nothing definitive from this indicator right now.
Internals
The 5-day MA of NYSE advancing issues on Thursday closed at its largest downside extreme since the April lows.
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US Dollar – Weekly
No change: Choppy uptrend…
US 10-yr Notes – Weekly
No change: Notes have established higher highs and lows within the larger range.
Gold
Gold has formed another Balance Area. Its low extreme has tested the HVN of the previous Balance Area.
Crude – Weekly
Weekly lower lows and highs.
Bitcoin
