{"id":441565,"date":"2026-11-04T23:40:14","date_gmt":"2026-11-04T16:40:14","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/stocks-surge-but-buyers-still-have-technical-work-to-do-441565\/"},"modified":"2026-11-04T23:40:14","modified_gmt":"2026-11-04T16:40:14","slug":"stocks-surge-but-buyers-still-have-technical-work-to-do","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/stocks-surge-but-buyers-still-have-technical-work-to-do-441565\/","title":{"rendered":"Stocks surge, but buyers still have technical work to do"},"content":{"rendered":"<div>\n<p>US stocks are sharply higher, with the Dow up 2.06%, the S&amp;P 500 up 1.75%, the Nasdaq Composite up 2.40% and the Nasdaq 100 up 2.03%. The run to the upside &#8211; especially in the tech heavy Nasdaq indices are interesting in that a Democrat sweep &#8211; along with the referendum votes on data centers &#8211; could limit expansion.\u00a0 That too may slow the spending as well which may put a governor on the cost side for corporatations.\u00a0\u00a0<\/p>\n<p>The price action and the technicals become important in times of change and volatility.\u00a0 Be aware that things can turn around, so having a technical roadmap is important.\u00a0<\/p>\n<p> In the video above, I outline the key levels that will determine whether buyers can keep the momentum going or start to lose some of the control<\/p>\n<p>A quick review verbally shows:<\/p>\n<ul>\n<li>\n<p>Dow: Back above its 100-day MA at 52,418. That is the close risk level for buyers. Stay above, and the next key upside target comes in near 53,794.<\/p>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<p>S&amp;P 500: Testing its 200-hour MA near 7,700. Get above and stay above to give buyers more control, with the 7,753\u20137,771 swing area the next target. Support sits near 7,617\u20137,622.<\/p>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<p>Nasdaq Composite: The rebound has buyers targeting the 100-hour MA at 26,146, followed by the 100-day MA at 26,249. Both need to be broken to strengthen the bullish bias. The 200-day MA near 25,088 remains key support below.<\/p>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<p>Nasdaq 100: The next hurdle is the swing area between 28,822 and 28,953. Get above and stay above, and the door opens toward the 100-hour MA at 29,229. The 200-day MA near 27,971 remains the key support barometer.<\/p>\n<\/li>\n<\/ul>\n<p>The buyers have their rebound. Now they need to get through resistance to keep it going.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>US stocks are sharply higher, with the Dow up 2.06%, the S&amp;P 500 up 1.75%, the Nasdaq Composite up 2.40% and the Nasdaq 100 up 2.03%. The run to the upside &#8211;&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-441565","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=441565"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441565\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}