Limit Up! 19 November 2025

Overnight

Economic Indicators Released Overnight

No change in Jobless Claims but weak ADP again. 

Markets are focused on FED/liquidity. We may have to wait for the next FOMC meeting on 10 December for clarity. That seems like an awfully long time.

US Equities

Breaking

Bitcoin

Price nearly tagged the trend support at 88.9k and then a good bounce. Expect we’ll try the downside again a couple of times before some sort of consolidation. We’d be very surprised if price can get above the trend midline at 97.7k this week. Read more

BITCOIN/USD Daily

Commodities

We like that price tagged our support line at just below 4,000. Good psychological support. Upside limited to 4,200 for now. Read more

GOLD/USD Daily

Equities

An 11% retracement brings price down to 6,200, the beginning of the move up from 1 August. The mood is sombre. So many different types of bad news. Yet we still can’t break the spike low from 10 October. Read more

S&P 500 Daily

Bonds

This seems to be a talking point. “JGB yields crash global markets” or similar. It’s everywhere, particularly on X. Read more

Japan 10 Year Government Bond Yield Daily

Economic Indicators Today

Latest Podcast 10 November 2025