Will the Market Continue Current Rally? DELL earnings and Defense/ Drone Trade Ideas

$DELL

Hello everyone,

What a day! The market has significantly increased its expectations, now pricing in an ~80% chance of a December rate cut.

Thanksgiving week is historically bullish, but this unusually heavy cluster of data releases introduces real uncertainty about how price will react. Last week we held critical longer-term support at the 100-day moving average on both the SPX and Nasdaq, yet the market remains more fragile than it appears.

We’re at a clear inflection point: the typical Thanksgiving rally could push us meaningfully higher, or a break of the wrong level could trigger a sharp downside move. We’ve identified the levels of interest to watch.

We’ll also cover some strong defense/drone names, preview DELL earnings, and highlight several technical setups that are poised for potential breakouts.

Let’s get started!