Technical analysis & swing trade ideas on the major stock indices, market-leading tech stocks, $VIX volatility index, Treasury bonds, gold, silver, GDX, US Dollar, Euro, several individual stocks, and more.

Here is a comprehensive summary of the market update video from Right Side of the Chart, recorded on Monday, November 3, 2025.

Key Market Themes

  • Earnings Reaction: The speaker notes that despite many of the “Mag 8” tech giants reporting blowout earnings, the overall market response has been a non-event, showing minimal upward traction [03:03, 04:29]. He interprets this “glass half-empty” scenario as a lack of remaining buyers, where the market is topping out despite hitting standard expectation beats [04:52, 19:19].

  • Economic Outlook: Contrary to the general Wall Street consensus, the speaker maintains that the broader economy has clearly turned toward contraction [02:46].

  • Federal Reserve Curve Control: Pointing out that long-term Treasury yields have continued to climb despite short-term interest rate cuts, he emphasizes his long-standing view that the Fed has completely lost control over the long end of the yield curve [06:50].

Major Index & Indicator Analysis

  • S&P 500 (SPY) & NASDAQ 100 (QQQ): Both indexes remain effectively flat to slightly lower relative to pre-earnings levels [03:32, 05:39]. Long-term momentum indicators like the RSI continue to show waning momentum [04:58]. QQQ technically remains triggered on macro sell signals following its recent primary trendline breakdown [17:35].

  • Small Caps (IWM): The short position on small caps is performing well [05:45]. Rising long-term yields continue to act as a significant fundamental headwind for small-cap borrowing costs [06:44, 08:05].

  • Volatility (VIX): The VIX has broken out of its primary uptrend line and continues to construct a higher floor, aligning with net-short index positioning [08:33].

Commodities & Currencies

  • US Dollar Bullish Fund (UUP): The dollar has completed an incremental macro breakout from its multi-month trading range [11:17, 11:33].

  • Euro (EUR/USD): The Euro has broken below critical horizontal support at $1.15, pointing to a prolonged downward trajectory that naturally strengthens the DXY/UUP outlook [13:56, 14:38].

  • Precious Metals: While silver and gold experienced brief short-term bounces from oversold territories last week [09:53, 11:52], the sustained strength of the dollar acts as a strong macro headwind [12:07]. The speaker suggests that the current risk-reward profile to chase long setups in precious metals is no longer attractive [10:20, 13:30].

Individual Stock & Actionable Trade Ideas

Ticker Bias Setup / Technical Triggers Targets / Outlook
O’Reilly (ORLY) [00:44] Short Broke a well-defined long-term uptrend line, followed by a violation of $940 support and its 200-day moving average [00:51, 11:15].

T1: ~$870 (~6% drop)


T2: Lower key support (~15% total return) [01:21, 01:34].
Cintas (CTAS) [02:24] Short Triggered price alerts near a major divergent high; serves as a fundamental short case for a contracting Business Services sector [02:24, 02:39]. Watching for final confirmations [02:24].
Apple (AAPL) [15:53] Short Post-earnings rally was sold into heavily, printing a bearish engulfing candle and cracking a short-term trendline [16:08, 16:28]. Near-term downside potential of 11-12% from recent highs [16:56].
Microsoft (MSFT) [18:32] Short Printed an equal double-top high characterized by large negative indicator divergences [18:39, 19:56]. Watching for a decisive breakdown under its primary uptrend line and its 50-day EMA [20:09].
Meta (META) [23:26] Short Confirmed a powerful sell signal by breaking its trendline and dropping below its 200-day moving average [23:39, 23:53].

T1: $550.43 (~16% lower)


T2: Downside stretching toward a 32% total drop [24:06, 24:20].
Palantir (PLTR) [24:35] Neutral to Bearish Currently in a macro uptrend but exhibiting extreme multi-month weekly negative divergence [24:44, 25:47]. A clear breakdown below its core trendline tracking back to August 2024 would flag an initial 38% drop toward ~$128 support [25:03, 27:01].

Watch the full analysis on YouTube: Right Side of the Chart – Swing Trade Ideas 11-3-25