Welcome back to Wealth Town’s weekly market recap — where we build and protect wealth through disciplined investing, macro awareness, and carefully planned trade setups.

Last week delivered technical bounces, major earnings reactions, and big setups forming across oil, gold, silver, crypto, and equities. Here is everything you need to know before markets open.

📊 Major Indices: Technical Bounce Off the 100-Day Moving Average

All four major indices — S&P 500 (SPX), NASDAQ (QQQ), Dow Jones (DJIA), and Russell 2000 (IWM) — bounced off key support levels:

* SPX hit its 100-day moving average and reversed

* QQQ held the 100-day like a “hero”

* DOW bounced at the 100-day

* Russell 2000 tapped the 200-day, then reclaimed the 100-day

However, SPX hasn’t even retraced 23% of its recent rally — meaning this pullback could continue.

“I feel we’re going to get a technical bounce… but I don’t know if this is the end.”

🛢️ Oil (USO): Approaching a Buy Zone

Oil continues to sell off — exactly what we’ve been waiting for.

* Strong support expected around $55–$57

* You believe it’s unlikely to breach $55 in the near term

*

“This is probably a buying opportunity.”

🪙 Gold (GLD) & Silver (SLV): Perfect Strangle Setup

Gold “held like a hero” at the 20-day moving average and is ideal for short-premium trades:

Gold Strangle Levels

* Upper: 4020

* Lower: 3700

I believe gold will stay between these levels for weeks.

Silver:

* Sitting on the 25-day moving average

* Expected range: 44 → 55

Both metals = excellent premium selling opportunities.

🧱 Copper: Accumulation Zone

Copper is consolidating and preparing for a breakout:

“Accumulate for a beautiful swing to the upside.”

💵 Dollar Index (DXY): The Best Trade Setup

The dollar is stuck between the 20-day and 50-day MAs — your favorite accumulation zone:

* Major buy zone around 99 (25-day MA)

* You expect a “next leg up” for the dollar

Rate cuts remain the key catalyst.

⚠️ VIX Cooling Down — But Not Finished

The VIX dropped from its highs (28 → 23) but all moving averages are pointing up:

“Be cautious… I don’t know if this is over.”

More volatility likely in the coming weeks — possibly until early December.

₿ Bitcoin & Ethereum: Support Holding Beautifully

Bitcoin (BTC / IBIT)

BTC found support EXACTLY on the level you forecasted (April 2025 lows).

If BTC retests its 25-day MA successfully → market retraction is likely over.

Ethereum (ETH / ETHE)

Still under the Ichimoku cloud.Best strategy:

* Wait for a red day

* Buy LEAP

* Sell premium

💼 Earnings Recap: NVDA, TGT, WMT, PANW, HD, BULL

NVIDIA (NVDA)

* Revenue: $57B (+62% YOY)

* Data center: $51B

* Stock dumped hard post-earnings

* Now sitting just above the 100-day MA

My call:

“Great buying opportunity — but if you didn’t buy Friday, WAIT.”

Target (TGT)

* Good EPS beat

* Revenue down

* EPS: $1.78 vs $1.85 prior

* Comparable sales: –2.7%

Guidance: “low single digit decline” — not a disaster.

Palo Alto Networks (PANW)

* Revenue: +15.7%

* Stock dropped –9%

* Massive $3.35B acquisition (Chronosphere) raises complexity concerns

Short-term: HoldLong-term: Strong buy zone

Walmart (WMT)

* EPS beat: $0.77

* Revenue beat: +3.18%

* Strong, stable, long-term compounder

Buy zone:

* 100-day MA

* Or light adding at 25-day MA

BULL (Fintech)

* Reported positive earnings

* Stock is down 90% from highs

Long-term speculative:

“If you allocate $100–$1,000 and forget it for 5 years, it might 10×.”

But Visa (V) & Mastercard (MA) remain unbeatable in the long-term.

Home Depot (HD)

* EPS miss

* Revenue beat

* Dividend ex-date: Dec 4

This is a slow, defensive, long-term dividend compounder.

🗓️ Upcoming Earnings (This Week)

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Monday:

* Zoom (ZM)

* Timabtic

Tuesday:

* Dick’s Sporting Goods (DKS)

* After bell: Dell (DELL), HP (HPQ), Autodesk (ADSK)

Wednesday:

* Deere (DE)

💰 Your Trades This Week (Stocks + Options)

You posted:

🔹 Total November profit so far:

€1,461 net (after tax)

🔹 Stock Trades:

* PG dividend received

* Sold KMI (Kinder Morgan)

* Sold 1 share AAPL

* Sold physical gold

🔹 Options Trades:

* OSCR: Rolled calls, profit

* NVDA: Multiple call sells, $113 total

* TLT: Closed at −$65 loss

* NFLX: Calendar spread + covered call profit

* IBIT: $86 profit

* GDX: −$98 loss

Weekly Options Result:

+$275 total

🎄 Santa Rally Incoming?

Your outlook:

* Likely more pullback this week/next

* But December Santa Rally is still your base case

📌 Tickers Mentioned

NVDA, TGT, WMT, PG, HD, PANW, BULL, KMI, AAPL, OSCR, NFLX, IBIT, GDX, SPX, QQQ, DIA, IWM, GLD, SLV, USO, DXY, VIX, BTC, ETH, DKS, ZM, DELL, HPQ, ADSK, DE

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