The tastylive network Trading Charts with Tim Knight - November 10, 2025
Nov 10, 2025
Tim Knight discusses the market's reaction to the recent government shutdown resolution, describing an unexpected rally. He reviews SPY and Nasdaq price movements, highlighting significant trendline breaks. Palladium's risk-reward profile is examined, with suggestions for potential targets. Amid the backdrop of weak IPO performance and market breadth concerns, Tim shares insights on short positions in small caps and nuclear stocks. He also critiques a failed pattern with Oscar Health and compares the recovery of Tesla to Rivian's struggles.
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Transcript
Market Rally May Be A Short-Term Reaction
- Tim Knight connects the market rally to a government shutdown resolution and warns it may be ephemeral.
- He notes markets rallied strongly despite the fix likely being a short-term band-aid lasting until January.
Indexes Recovered But Structural Resistance Persists
- Tim reviews indexes, noting ES regained last week's loss and NQ led gains but remains below lifetime highs.
- He emphasizes a broken wedge/trend line as key longer-term technical resistance to watch.
Metals Rally Shows Healing But Faces Resistance
- Precious metals and miners have rallied several positive days after a prior plunge, showing healing action.
- Tim warns miners face minor resistance levels before confirming a sustained new leg higher.