EN IT
Subscribe
Sign in Subscribe
A-Z 📈 Daily Report 📊 Weekly Report 📰 Blog
Daily technical analysis of the US and Europe stocks market lang-en

ETF and stock technical analysis after the US vote: consumer up 4.26%, financials up 3.51%, energy down 4.74%; Microsoft up 6.68%, Eaton down 9.86%, Duolingo up 25.99%, Datadog down 14.42%. In Milan UniCredit up 5.47%, Prysmian down 6.91% with data centre suppliers. WTI crude down 8.3%.

· 26 min read
ETF and stock technical analysis: after the vote Microsoft stock jumps 6.68%, Eaton stock falls 9.86% and oil slides; UniCredit stock rises 5.47% in Milan
Get the Economic Observatory by email
Every new edition · free · unsubscribe in one click
Done! Check your inbox to confirm your subscription.
Something went wrong. Please try again shortly.
Add the Economic Observatory to your emails
You're already with us: add it to your emails from your preferences.
Manage your emails →
Economic Observatory · The session

ETF and stock technical analysis: after the vote Microsoft stock jumps 6.68%, Eaton stock falls 9.86% and oil slides; UniCredit stock rises 5.47% in Milan

5 November 2026 AiTrading67 · Trade Desk Observatory Markets

On Wednesday 4 November the market read the result of the US midterm elections, a broad Democratic win including Texas, and turned it into a violent rotation rather than an even rally. ETF technical analysis says it in one line: the consumer discretionary ETF XLY gained 4.26%, the financials ETF XLF 3.51%, the healthcare ETF XLV 3.06%; the energy ETF XLE lost 4.74% and the semiconductor ETF SOXX 3.14%.

Two stories in one. First: with a Democratic Congress the market expects less artificial intelligence spending and tighter rules on data centres, so it bought the companies that use AI, Microsoft stock up 6.68% and Apple stock up 5.31%, and sold the ones that build and power it, Eaton stock down 9.86% and Cipher down 19.95%. Second: WTI crude lost 8.3% on bets that the war with Iran is ending, and money moved from energy and defence into travel.

In Europe the Milan market ran with the banks: the FTSE MIB ETF closed up 2.33%, with UniCredit stock up 5.47% and Intesa Sanpaolo stock up 4.93%; Prysmian stock fell 6.91%, sold along with US data centre suppliers with no news of its own.

US equity volatility collapsed 20% in one session. Our model stays long the S&P 500 and short the Nasdaq 100 and the Italian basket, where the price closed above the weekly level: Friday decides. Today the Bank of England and results from Siemens Healthineers, Buzzi and Pirelli.

The news that moved our instruments
📊
INSTRUMENTS
Consumer, financials and healthcare up, energy and chips down

ETF technical analysis: consumer discretionary rises 4.26%, financials 3.51%, healthcare 3.06%; energy falls 4.74%, semiconductors 3.14%

An ETF is an exchange-traded fund that buys a whole basket of stocks in one go: following sector ETFs is the quickest way to see where money is moving. On Wednesday it moved in bulk, out of the sectors tied to oil and data centres and into those that gain from cheaper fuel and lower rates.

In the US XLY, the consumer discretionary ETF, rose 4.26%, XLF, financials, 3.51% closing on the high, XLC, communications, 3.47%, XLP, consumer staples, 3.36%, XLV, healthcare, 3.06%. At the bottom XLE, the energy ETF, down 4.74%, SOXX, semiconductors, down 3.14%, XLI, industrials, down 1.09%; XLK, technology, closed flat and near its low. GLD, the gold ETF, gained 3.68%.

In Europe EXV1, the European banks ETF, up 4.62%, EXHG, autos, up 3.26%, EXV4, healthcare, up 2.66%; only EXH1, oil and gas, fell, down 2.55%.

The global ETF technical analysis, with every basket we follow one by one, is on the dedicated Market Pulse page.

How I read itThe sectors that rose are the ones our model already holds on buy: XLV is up 26.89% since the May signal, XLY up 8.16%, XLF up 5.90%. On energy the weekly candle in progress is turning to sell after a buy that started in July: it is provisional, Friday's close decides, but it is the first opposite signal in months. Technology stays short, up 3.80%, and yesterday's session left it untouched.
US consumer discretionary ETF long (G / P) · US financials ETF long (G / P) · US health care ETF long (G / P) · US consumer staples ETF long (G / P) · US technology ETF short (G / P) · US industrials ETF short (G / P) · US energy ETF long (G / P) · US communication services ETF short (G / P) · semiconductor ETF short (G / P) · Magnificent Seven short (G / P) · gold ETF short (G / P) · European banks ETF short (G / P) · European autos ETF short (G / P) · European health care ETF long (G / P) · European oil and gas ETF long (G / P) · European technology ETF long (G / P) · S&P 500 long (G / P) · Invesco QQQ Trust short (G / P) · Russell 2000 ETF short (G / P) *
↑ back to menu
⛏
COMMODITIES
Oil plunges and the week is turning to sell

Commodities: WTI crude, gold, copper and TTF gas, with the day's, week's and month's change and our model's weekly and monthly signal

WTI crude oil: down 8.29% on the day, down 15.37% on the week, down 15.37% on the month. Weekly on buy since 20 July, 5.05% below the level; monthly on buy since March 2026. The current weekly candle is turning on sell, provisional until the close.

Gold: up 3.31% on the day, up 4.77% on the week, up 4.77% on the month. Weekly on sell since 28 September, 2.58% below the level; monthly on sell since June 2026.

Copper: up 0.42% on the day, down 0.82% on the week, down 0.82% on the month. Weekly on buy since 13 April, 0.49% below the level; monthly on buy since March 2025. The current weekly candle is turning on sell, provisional until the close.

TTF gas: down 3.84% on the day, down 15.26% on the week, down 15.26% on the month. Weekly on buy since 13 July, 0.93% below the level; monthly on buy since January 2026.

How I read itThe story is oil: down 8.3% in the session and more than 15% this week, with the weekly candle in progress turning to sell after a buy that started in July. It is provisional and Friday decides; if confirmed, oil producers and oil services, already below their daily levels, will feel it first, and airlines and cruise lines will gain first. European gas keeps falling, but its weekly signal does not turn. Gold rises with a weaker dollar and lower yields, inside a weekly that stays on sell.
US energy ETF long (G / P) · European oil and gas ETF long (G / P) · gold ETF short (G / P) · European basic resources ETF short (G / P) · US materials ETF long (G / P) · European utilities ETF long (G / P) *
↑ back to menu
🗳️
THE VOTE AND ARTIFICIAL INTELLIGENCE
Platforms rise, the data centre chain collapses

Microsoft stock up 6.68%, Amazon up 6.12%, Apple up 5.31%, Netflix up 4.68%; Cipher down 19.95%, Vertiv down 12.89%, Eaton down 9.86%, GE Vernova down 9.30%, Micron down 7.00%

The thesis of the day is a single one: a Democratic Congress, and a Texas with a new balance, make data centre permits harder and an AI spending slowdown more likely. The big platforms rose precisely because lighter investment improves cash flow: MicrosoftLong up 6.68%, AmazonShort up 6.12%, AppleLong up 5.31%, overtaking Nvidia in market value, NetflixShort up 4.68%, AlphabetShort up 3.18%. The only giant down sharply was TeslaLong, down 3.34%.

On the other side, the chain that builds and powers data centres: bitcoin miners turned AI hosts, CipherShort down 19.95%, CleanSparkShort down 16.56%, IRENShort down 11.24%; electrical equipment, VertivShort down 12.89% despite a deal with Infineon, Quanta ServicesShort down 11.65%, EatonShort down 9.86%, GE VernovaShort down 9.30%; servers and compute, CoreWeaveShort down 9.90%, DellShort down 8.82%, Super MicroShort down 5.70%. Semiconductor stocks followed with memory in front: MicronShort down 7.00%, MarvellShort down 7.08%, ArmShort down 5.28%, NvidiaShort down 3.17%. The one exception was Riot PlatformsShort, up 9.63%, with a 28 billion dollar data centre lease with Anthropic.

How I read itThe model was already on sell across most of the chain, and the session widened the gains: Cipher up 67.56%, CoreWeave up 40.49%, Vertiv up 34.89%, Marvell up 30.07%, Dell up 17.57%, Eaton up 12.34%. Microsoft stocks are long, up 19.60%, while Eaton stocks stay on the short side. For anyone following ai trading the point is that the market did not sell artificial intelligence as a block: it sold bricks and megawatts and bought the companies that pay the bill, a useful lesson for any trading strategy built on the theme.
Microsoft long (G / P) · Amazon short (G / P) · Apple long (G / P) · Netflix short (G / P) · Alphabet short (G / P) · Meta Platforms short (G / P) · Tesla long (G / P) · Cipher Digital short (G / P) · Cleanspark short (G / P) · IREN short (G / P) · Vertiv short (G / P) · Quanta Services short (G / P) · CoreWeave short (G / P) · Eaton short (G / P) · GE Vernova short (G / P) · Dell Technologies short (G / P) · Constellation Energy long (G / P) · Super Micro Computer short (G / P) · semiconductor ETF short (G / P) · Micron Technology short (G / P) · Marvell Technology short (G / P) · ARM short (G / P) · NVIDIA short (G / P) · Riot Platforms short (G / P) *
↑ back to menu
🛢️
OIL, TRAVEL AND DEFENCE
Crude drops 8%, airlines and cruise lines take off

United Airlines stock up 7.98%, Carnival up 7.26%, Delta up 7.16%, Home Depot up 6.53%; Marathon Petroleum down 8.11%, ConocoPhillips down 5.17%, Exxon down 4.62%, Lockheed Martin down 6.88%

Vice President Vance pointed to the war with Iran as the reason for the Republican defeat, and the market concluded that the conflict is nearing its end. Energy was hammered: Marathon PetroleumLong down 8.11%, ConocoPhillipsLong down 5.17% ahead of its results, OccidentalLong down 5.13%, ExxonLong down 4.62%, ChevronLong down 3.69%. Defence paid for the same bets: Lockheed MartinLong down 6.88%, Northrop GrummanLong down 4.53%, RTXLong down 2.64%.

The flip side: cheaper fuel and the prospect of peace are the best mix for those selling tickets and cabins. United AirlinesShort up 7.98%, CarnivalLong up 7.26% closing on the high, DeltaShort up 7.16%, Norwegian Cruise LineLong up 6.77%, Royal CaribbeanLong up 6.38%, and with them Home DepotLong up 6.53%.

How I read itOn energy the model has been long since July, and the gains remain: Marathon Petroleum up 60.36%, Chevron up 15.79%, Exxon up 7.86%. But on Marathon, Exxon and ConocoPhillips the weekly candle in progress is turning to sell: Friday will tell whether yesterday was a jolt or the start of a change. Cruise lines are long and benefit, Carnival up 21.58%, Royal Caribbean up 18.03%; on United and Delta the week is turning to buy.
US energy ETF long (G / P) · Marathon Petroleum long (G / P) · ConocoPhillips long (G / P) · Occidental Petroleum long (G / P) · Exxon Mobil long (G / P) · Chevron long (G / P) · United Airlines short (G / P) · Delta Air Lines short (G / P) · Carnival long (G / P) · Norwegian Cruise Line long (G / P) · Royal Caribbean long (G / P) · Home Depot long (G / P) · Lockheed Martin long (G / P) · Northrop Grumman long (G / P) · RTX long (G / P) *
↑ back to menu
📊
EARNINGS
Duolingo up 26%, Datadog down 14%: the day's numbers

Duolingo stock up 25.99%, AppLovin up 10.69%, Expedia up 10.54%, McDonald's up 6.53%, Novo Nordisk up 4.95%; Datadog down 14.42%, Kodak down 13.38%, SolarEdge down 8.70%

DuolingoShort was the best stock in our universe, up 25.99% in the second session after results, with a string of raised price targets. AppLovinShort closed up 10.69% and then gained more than 20% after the close, on quarterly revenue up 55%. ExpediaShort rose 10.54% with the travel rally, ahead of results with a weaker fourth quarter. McDonald'sLong rose 6.53% on global sales, Novo NordiskShort 4.95% with Wegovy pill sales above expectations, UberShort 4.91%.

Lower: DatadogLong, down 14.42% and closing on the low: revenue up 35% was not enough against lower usage by its largest customer and flat guidance. KodakShort fell 13.38% in profit-taking after its 3 November results, SolarEdgeShort 8.70% with breakeven pushed to 2027.

How I read itMcDonald's is long, up 12.78%, and SolarEdge and Kodak are shorts in profit, up 41.99% and 15.14%; AppLovin, despite the rally, stays short, up 43.04%. Duolingo and Expedia have the weekly candle in progress turning to buy. On Datadog, long, the week is turning to sell: Friday decides.
Duolingo short (G / P) · AppLovin short (G / P) · Expedia short (G / P) · McDonald's long (G / P) · Uber Technologies short (G / P) · Novo Nordisk short (G / P) · Datadog long (G / P) · SolarEdge Technologies short (G / P) · Eastman Kodak short (G / P) *
↑ back to menu
🏥
HEALTHCARE AND FINANCIALS
Healthcare rebounds on the vote, banks and payments rise with lower yields

Intuitive Surgical stock up 9.38%, Oscar Health up 8.58%, Moderna up 13.11%, Abbott up 5.59%; Fiserv up 6.25%, BlackRock up 5.43%, JPMorgan up 4.18%, Visa up 3.84%

The vote put health subsidies and the role of insurers back at the centre, and healthcare rebounded: Intuitive SurgicalLong up 9.38%, Oscar HealthLong up 8.58%, AbbottLong up 5.59%, GileadLong up 4.19%. ModernaLong rose 13.11% closing on the high, with its Ebola vaccine moving to a phase 2/3 study; RegeneronLong fell 4.39% after insider sales.

With yields and volatility falling, financials rose as a block: FiservLong up 6.25%, BlackRockLong up 5.43%, JPMorganShort up 4.18%, Bank of AmericaShort up 3.97%, MastercardLong up 3.94%, VisaLong up 3.84%.

How I read itHealthcare is one of the model's strongest sectors: Oscar Health has been long since April, up 143.53%, Moderna up 78.03%, Gilead up 29.94%, Intuitive Surgical up 22.20%. Among financials Fiserv is up 24.45%, Mastercard up 8.95%, Visa up 8.43%. On JPMorgan, short, the week is turning to buy.
US health care ETF long (G / P) · Intuitive Surgical long (G / P) · Oscar Health long (G / P) · Abbott Laboratories long (G / P) · Gilead Sciences long (G / P) · Moderna long (G / P) · Regeneron Pharmaceuticals long (G / P) · US financials ETF long (G / P) · JPMorgan Chase short (G / P) · Bank of America short (G / P) · BlackRock long (G / P) · Fiserv long (G / P) · Visa long (G / P) · Mastercard long (G / P) *
↑ back to menu
🇮🇹
MILAN STOCKS
Banks lift Milan, Prysmian and Avio drag

Milan stocks: UniCredit stock up 5.47%, Monte dei Paschi up 5.07%, Intesa Sanpaolo up 4.93%, Moncler up 4.50%, Enel up 3.82%; Prysmian down 6.91%, Avio down 6.38%, STMicroelectronics down 5.13%

Milan closed 2.2% higher, led by the banks: UniCredit stockShort up 5.47%, Intesa SanpaoloShort up 4.93%, FinecoShort up 4.37%, BperShort up 3.96%, Banco BPMShort up 3.61%. Monte dei PaschiShort up 5.07% · under a public tender offer by Intesa Sanpaolo at €1.25 and 1.664 Intesa Sanpaolo shares per share: the price follows the offer, not the results; MediobancaShort up 3.75%, awaiting the mandatory public tender offer Intesa will launch after the one on Mps. Outside banking MonclerShort up 4.50%, Enel stockLong up 3.82%, CampariLong up 3.67% closing on the high, GeneraliShort up 2.87%.

Lower: Prysmian stockShort, down 6.91% and closing on the low, with no news of its own: the cable maker tied last quarter's growth to data centre demand and is building a new copper plant in Texas, and on Wednesday it fell along with US suppliers to the sector, such as Eaton and Vertiv. AvioLong fell 6.38% with defence, STMicroelectronicsShort 5.13% with chips, TenarisLong 3.38% and Eni stockLong 1.90% with crude.

How I read itIn the AiTrading67 model Italian banks, UniCredit stocks included, have been on sell since September, and yesterday's rally took UniCredit, Intesa and Fineco to close just above their weekly levels: the case to watch at Friday's close. Prysmian stays short, up 22.70%. Among longs Campari is up 12.08%, Eni up 11.24% despite the session, Enel up 3.87%. On Moncler and Generali the weekly candle in progress is turning to buy.
UniCredit short (G / P) · Monte dei Paschi short (G / P) (under a public tender offer by Intesa Sanpaolo at €1.25 and 1.664 Intesa Sanpaolo shares) · Intesa Sanpaolo short (G / P) · FinecoBank short (G / P) · BPER Banca short (G / P) · Mediobanca short (G / P) (under a public tender offer by Intesa Sanpaolo at a price not yet set) · Banco BPM short (G / P) · Enel long (G / P) · Moncler short (G / P) · Davide Campari-Milano long (G / P) · Assicurazioni Generali short (G / P) · Prysmian short (G / P) · Avio long (G / P) · STMicroelectronics short (G / P) · Tenaris long (G / P) · Eni long (G / P) *
↑ back to menu
🇪🇺
EUROPE
German banks and carmakers up, Siemens Energy and Legrand pay for the Texas vote

European stocks: Deutsche Bank up 6.88%, BMW up 5.50%, Kering up 6.36%, adidas up 4.91%, Bayer up 4.63%; Siemens Energy down 7.95%, Legrand down 4.56%, Infineon down 4.12%, Schneider Electric down 3.42%

Frankfurt closed up 2.2% with Deutsche BankShort up 6.88%, BMWShort up 5.50%, adidasLong up 4.91%, BayerLong up 4.63% closing on the high, Mercedes-BenzShort up 4.56%. Paris rose 2.0% with KeringShort up 6.36%, BNP ParibasShort up 4.67%, SanofiLong up 3.85%; London with the banks, HSBCShort up 4.79%.

The three European faces of the same rotation fell: Siemens EnergyShort down 7.95%, with a Dow Jones comment tying revenue risk to the Texas governor race, the top US turbine market; LegrandShort down 4.56%, Schneider ElectricShort down 3.42%, InfineonShort down 4.12%.

How I read itOn European electrical equipment the model is short, and the session helped: Siemens Energy up 24.40%, Infineon up 21.08%, Schneider Electric up 18.97%. Among longs Bayer, in Friday's cohort of new buys, is up 7.24% and adidas up 11.26%. On Deutsche Bank and BMW, short, the week is turning to buy.
Deutsche Bank short (G / P) · Bayerische Motoren Werke short (G / P) · adidas long (G / P) · Bayer long (G / P) · Mercedes-Benz short (G / P) · Kering short (G / P) · Sanofi long (G / P) · HSBC short (G / P) · BNP Paribas short (G / P) · Siemens Energy short (G / P) · Legrand short (G / P) · Schneider Electric short (G / P) · Infineon Technologies short (G / P) *
↑ back to menu
📈
INDICES
Europe rises more than 2%, Milan closes above the short's level

European indices: the FTSE MIB ETF rises 2.33%, the DAX ETF 2.29%, the CAC 40 ETF 2.17%, the FTSE 100 ETF 1.76%

On Wednesday the FTSE MIB ETFShort gained 2.33%, the DAXShort ETF 2.29% closing near the high, the CAC 40Short ETF 2.17% and the FTSE 100Long ETF 1.76%. 73% of DAX companies are above their 200-day average, against 34% of the whole German market: the rally rests on the big names.

On the Italian basket the model's short is up 1.91%, on sell since 31 August, but the price closed 0.84% above the weekly level. On the DAX and the CAC 40, short, the weekly candle in progress is turning to buy.

How I read itThe model's rule judges the week's average of high, low and close, not the session: for the Italian basket that average is still just below the level, and with today's high and low a Friday close a little above 52.7 is needed to turn the weekly. For the short, with every profit-taking window already taken, this is the deciding week; for the German and French indices the change is closer.
FTSE 100 ETF long (G / P) · CAC 40 ETF short (G / P) · DAX ETF short (G / P) · FTSE MIB ETF short (G / P) *
↑ back to menu
📈
OUR MODEL
Friday's signals in their third session: Bayer and Enel rise, Avio falls with defence

This week's new buy signals: the changes in the third session, with defence and oil services lower and Italian stocks higher

Friday's cohort counts 23 new buy signals, 15 tradable. In the third session the vote rotation split them too: Italian stocks and healthcare up, defence and oil services down. Below, the most important changes.

Instrument
Today's signal
Weekly confirmed
My reading
🇮🇹 AVIOLong
Avio
SELL
week closed 30/10
today's change
born with the 30/10 candle
Down 6.4% with defence on end-of-war bets: back below entry, and the daily turns to sell.
🇩🇪 BAYNLong
Bayer
BUY
week closed 30/10
today's change
born with the 30/10 candle
Up 4.6%, the second session after results: the gain from entry grows.
🇮🇹 ENELLong
Enel
conti il 12/11
BUY
week closed 30/10
today's change
born with the 30/10 candle
Up 3.8% with the Milan rally: closes near the high, a step from the monthly level.
🇮🇹 BZULong
Buzzi
conti oggi
BUY
week closed 30/10
today's change
born with the 30/10 candle
Up 3.0% with a new high of the move, on the eve of its nine-month results.
🇺🇸 HALLong
Halliburton
SELL
week closed 30/10
today's change
born with the 30/10 candle
Down 3.1% with oil: stays below entry, with the daily on sell.
🇺🇸 JNJLong
Johnson & Johnson
SELL
week closed 30/10
today's change
born with the 30/10 candle
Up 3.8% with healthcare, but the daily stays on sell.

Above entry, among others, Abbott, Sanofi, Allianz, Hera and Norwegian Cruise Line; below, besides Avio and Halliburton, SLB.

How I read itA daily that turns to sell does not change the weekly signal, but on Avio it says the vote took away the initial push. Friday's candle judges them all; Buzzi faces it with today's results.
Norwegian Cruise Line long (G / P) · Avio long (G / P) · Edison International long (G / P) · Bayer long (G / P) · Honeywell International long (G / P) · Buzzi long (G / P) · Danone long (G / P) · ENAV long (G / P) · Sanofi long (G / P) · Allianz long (G / P) · European utilities ETF long (G / P) · Enel long (G / P) · Hera long (G / P) · Terna long (G / P) · Abbott Laboratories long (G / P) · RTX long (G / P) · Pulmonx long (G / P) · SLB long (G / P) · Halliburton long (G / P) · FedEx long (G / P) · Vertex Pharmaceuticals long (G / P) · Johnson & Johnson long (G / P) *
↑ back to menu
📅
CALENDAR
Siemens Healthineers, Buzzi and Pirelli today, UniCredit on Sunday

Upcoming earnings: Siemens Healthineers, Buzzi, Pirelli, ConocoPhillips and Airbnb on Thursday 5 November, Moderna on Friday 6, UniCredit on Sunday 8, Barrick and Occidental on Monday 9

18 companies in our universe report between today and Monday, among those we follow most closely. Today Siemens HealthineersLong, BuzziLong, PirelliLong, ConocoPhillipsLong and AirbnbLong; Friday ModernaLong; Sunday UniCreditShort; Monday BarrickShort and OccidentalLong.

Thursday 5 November

Siemens Healthineers Long

Buzzi Long

Pirelli & C. Long

Legrand Short

National Grid Long

ConocoPhillips Long

Airbnb Long

IonQ Short

Oscar Health Long

Toyota Motor Long

Friday 6 November

Moderna Long

Sunday 8 November

UniCredit Short

Monday 9 November

Barrick Mining Short

Constellation Energy Long

Occidental Petroleum Long

Take-Two Short

Groupon Short

MARA Short

How I read itOur model goes into results on sell for 7 names out of 18. Siemens Healthineers and Buzzi arrive long and at the highs of the move; ConocoPhillips and Occidental arrive long with the week turning to sell alongside oil; UniCredit arrives short, with the price just above its weekly level.
Siemens Healthineers long (G / P) · Buzzi long (G / P) · Pirelli & C. long (G / P) · Legrand short (G / P) · National Grid long (G / P) · ConocoPhillips long (G / P) · Airbnb long (G / P) · IonQ short (G / P) · Oscar Health long (G / P) · Toyota Motor long (G / P) · Moderna long (G / P) · UniCredit short (G / P) · Barrick Mining short (G / P) · Constellation Energy long (G / P) · Occidental Petroleum long (G / P) · Take-Two short (G / P) · Groupon short (G / P) · MARA short (G / P) *
↑ back to menu
📆
MACRO CALENDAR
Bank of England today, US payrolls on Friday

This week's economic calendar: Bank of England on Thursday 5 November, US payrolls and consumer sentiment on Friday 6, US inflation on Tuesday 10

The macro events of the coming days that can move the indices, in Central European time. Today the Bank of England; Friday US payrolls and consumer sentiment; next Tuesday US inflation.

Thursday 5 November

13:00 · United Kingdom · Bank of England: rate decision high impact

Friday 6 November

14:30 · United States · October payrolls and unemployment high impact

16:00 · United States · University of Michigan consumer sentiment, preliminary high impact

Monday 9 November

08:00 · Germany · German September trade balance high impact

Tuesday 10 November

14:30 · United States · US October inflation high impact

Further ahead, the central banks

Wednesday 18 November · Fed: minutes of the October meeting

Times are Central European. The calendar can change: central bank dates are those published by the banks themselves.

How I read itA macro release does not change the weekly signal, it tests it. After the vote, Friday's payrolls come on the same day as the candle that decides the Italian short and the change on oil producers.
S&P 500 long (G / P) · Invesco QQQ Trust short (G / P) · FTSE 100 ETF long (G / P) · DAX ETF short (G / P) · CAC 40 ETF short (G / P) · FTSE MIB ETF short (G / P) · European banks ETF short (G / P) · US financials ETF long (G / P) *
↑ back to menu
📈
UNITED STATES
SPY breaks above the waiting zone and saves the long, QQQ re-enters the zone

SPY and QQQ technical analysis, the S&P 500 ETF and the Nasdaq 100 ETF: SPY rises 1.65% and is back above the long's level, QQQ 0.97%

SPYLong, the S&P 500 ETF, gained 1.65%, 1.89% below its all-time high. The daily turned back to buy and the week's average of high, low and close rose back above the Reversal Point that judges the long born in April: the long is up 12.86%, with the price 0.99% above the level.

QQQShort, the Nasdaq 100 ETF, rose 0.97%, 9.3% below its record, held back by semiconductors, and moved back inside the waiting zone of the latest analysis. The model's short is up 2.51%, 4.61% below the weekly level. 66% of S&P 500 companies are above their 200-day average, against 43% of the US stocks we follow.

How I read itThe S&P 500 did almost twice the Nasdaq 100 because the rally was in financials, consumer and healthcare, which weigh more in the broad index, while the Nasdaq carries the weight of chips. On SPY the three profit-taking windows were crossed long ago and the trade is decided by the weekly Reversal Point: in swing trading, and in risk management for those already in, yesterday's session put it back on safe ground.
S&P 500 long (G / P) · Invesco QQQ Trust short (G / P) *
↑ back to menu
The desk's take

The big picture: the US vote rotation and falling oil

On Wednesday the market read the Democratic win as less artificial intelligence spending and a near end to the war with Iran: platforms, consumer, financials and healthcare up; the data centre chain, energy and defence down. Europe rose more than 2% with the banks, Milan with UniCredit and Intesa. Our model is long the S&P 500, back on safe ground, and short the Nasdaq 100 and the Italian basket, where Friday decides. Oil is turning to sell on the weekly.

What you find here. If you are trying to understand how to manage risk in trading, with stops, break-even stops, trailing and the declaration of stops that have been taken out, or how to read chart patterns (double bottoms, Bollinger bands, the Ichimoku cloud, price action trading), this is the desk's trading journal: published every morning before the US premarket, with our model's position on every instrument mentioned.

Previous editions
4 November 2026ETF and stock technical analysis: Fiserv stock jumps 12.46%, Eaton gains 7.00% and the semiconductor ETF 2.50%; Ferrari stock rises 4.47% in Milan3 November 2026ETF and stock technical analysis: Buzzi stock rises 6.23% in Milan; Marvell stock slumps 12.72%, Oracle falls 8.76% and the energy ETF 3.96%2 November 2026ETF and stock technical analysis: the semiconductor ETF falls 8.24%, Intel stock plunges 28.58% and Reddit stock 29.22%; in Milan Amplifon stock loses 14.50%30 October 2026ETF and stock technical analysis: AI sends the bill to Alphabet and ServiceNow, Amazon stock drops 7% after hours; in Milan Prysmian rises 6.64% and Campari falls 6.64%29 October 2026ETF and stock technical analysis: the Fed holds rates, Alphabet stock falls 10% after hours on results; in Milan Stellantis stock jumps 15.38%, Oracle 10.73%28 October 2026ETF and stock technical analysis: STMicroelectronics stock jumps 7.11% in Milan, Snam 2.84%, AMD stock rises 5.45% after the Meta deal, Boeing stock falls 10.69%, Valero 9.24%View all editions on the tag page →

* Our system. The rows of names at the foot of each card carry our model's position, long or short. Position from the latest published weekly analysis. Levels, targets and the trading plan sit in each instrument's own page. The two letters in brackets lead to the instrument page (G) and the full analysis (P).

Disclaimer. The content on this page is published for educational and informational purposes and reflects the author's personal opinion and technical analysis. It does not constitute financial advice, an investment solicitation, or a personalised recommendation. Trading in financial instruments carries a high level of risk and may result in substantial loss of the capital invested. Every operating decision rests solely with the reader, who acts independently and in full awareness of that risk. AiTrading67 is not a broker or financial intermediary and is not affiliated with any broker or trading platform.
Share WhatsApp Telegram Gmail LinkedIn