The tastylive network Trading Charts with Tim Knight - November 10, 2025
Nov 10, 2025
Tim Knight dives into the recent market bounce, analyzing SPY's rebound and the strength of semiconductors. He critiques government stimulus proposals while discussing crypto rumors linked to them. Precious metals and mining ETFs show signs of recovery, while Palladium has solid support that could drive a rally. Knight shares short positions on CoreWeave and Centene, shedding light on healthcare volatility. He also critiques weak IPO performance, offering insights on Tesla and Rivian's EV challenges.
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Transcript
Shutdown Rally May Be Temporary
- Tim Knight links the market rally to imminent end of the government shutdown but calls it likely ephemeral.
- He warns the relief may be temporary because the agreement is a short-term band-aid lasting into January.
Trend Lines Determine Lasting Strength
- The S&P and Nasdaq retraced recent losses but remain below lifetime highs and a broken wedge trend matters.
- Tim emphasizes broken trend lines as key to longer-term market health despite today's rally.
Metals Bounce But Face Key Resistance
- Precious metals and miners have staged several positive days and healed from a recent plunge.
- Gold faces resistance at a notable gap, so further confirmation is needed before calling a sustained breakout.