Daily Equity & Market Analysis
Published: Nov 28, 2025
This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.

Daily Summary

Holiday Shopping List

The return of Black Friday discounts means that the holiday shopping season is officially upon us. Here are some ideas that could make good client gifts without breaking the bank.

November DALI Review

Reviewing recent relative strength (RS) changes between domestic and international equities.

Market Distribution Table

The curve has an average reading of 16.25%.

Weekly Video

Weekly Rundown - 11.28.25

Weekly rundown with NDW analyst team covering all major asset classes.

Weekly rundown with NDW analyst team covering all major asset classes.

The return of Black Friday discounts means that the holiday shopping season is officially upon us. As we do every year, we want to give you some ideas for the holiday shopping season that won't break the bank. Furthermore, your support of these companies directly helps America's small businesses. Some of these companies are even offering special discounts to Nasdaq Dorsey Wright clients!

Boston Coffee Cake

The Boston Coffee Cake Company was among the first recommendations on our Holiday Gift Idea list many years ago, and today it remains a perennial favorite. This company has always been very professional in their ordering and delivery services, and even as they've grown they have not lost that "home-baked" appeal. Some of the office favorites include their Triple Chocolate and Cinnamon Walnut Coffeecakes. Client feedback tends to rate Pecan Delight and Applicious just as favorably. You don’t necessarily need to take our word for it; Boston Coffee Cake was awarded the gold medal as a USA Taste Champion by the American Masters of Taste. Boston Coffee Cake does offer sugar-free and kosher-certified cakes and there are several different gift sets too if you want something more than just a cake.

If you are pinched for time and don't want to be in the kitchen cooking this holiday, try a Boston Coffee Cake, or if you are looking for something for the office or for clients, they make great gifts. As an additional sweetener, if you mention that you heard about them from Dorsey Wright, you will receive a 20% discount on the entire order including shipping. Reference the promo code DORSEY. You can get the DWA discount over the phone or through their online ordering process as well. Give it a try, you'll not regret it.

customerservice@bostoncoffeecake.com | www.bostoncoffeecake.com | (800) 434-0500

Blanchard's Coffee

Have you ever noticed that when you call the NDW office in the morning, no matter whom you speak with, we are all awake and alert? Well, for that we have to give at least some credit to David Blanchard and the good folks down at Blanchard's Coffee. David is a former stockbroker here in Richmond, Virginia, who always had a certain love for coffee, enough so that he purchased a commercial coffee roaster a few years back and began providing freshly roasted coffee to friends and family as a hobby. Being the only Richmond operation to actually roast coffee, it eventually caught the eye of a local grocery chain, and, long story short, David's coffee operation moved out of his garage and began providing the freshest coffee around central Virginia and beyond. Their brand is high-quality, fresh-roasted, coffee that can be shipped anywhere in the country within a few days of actually being roasted. If your town is anything like Richmond was a few years ago, freshly roasted coffee is probably a lot like your expertise—something your clients can't find anywhere else.

Blanchard's offers a number of potential gift ideas for clients that may appeal to you including holiday gift boxes, individual bags of coffee, or even custom packs. They have everything from coffee strong enough to please Tom Dorsey (like Dark as Dark) to organic fair trade options, and many others. Again, for a special wholesale discount be sure to tell them that Nasdaq Dorsey Wright sent you.

stephen@blanchardscoffee.com |www.blanchardscoffee.com | (804) 687-9443

 

Hubs Peanuts

What gift can be more easily shared among family, friends, or a group of co-workers? What gift could complement a wider array of foods or beverages at a gathering? And what gift could be easier on the budget? Peanuts! We’re not suggesting just any peanuts either. We think you should try Hubs “home-cooked” Virginia peanuts. The Hubbard Peanut Company is located about 80 miles south of Richmond, Virginia, in the town of Sedley, Virginia, and is the original and oldest continuously family-owned and operated processor of a style of peanuts that has become the gold standard in the peanut industry. For 60+ years, Hubs Peanuts, located in the heart of peanut territory, has chosen peanuts from the top 1% of the harvest and turned them into tasty nuggets of nutritional goodness for peanut lovers around the world.

Go traditional with their salted peanuts or if you would rather add a little flair, we suggest the sweet heat! Use the promo code PARTNERS23 when ordering for a 15% discount!

hubs@hubspeanuts.com | www.hubspeanuts.com | (800) 889-7688

 

November DALI Review

by David Clark

The NDW DALI Asset Class Rankings continue to have an offensive tone with domestic equities, international equities, and commodities maintaining a firm lead over defensive assets like cash, currencies, and fixed income. Through Q3 so far, domestic and international equities have increased by 12 tally signals, increasing their lead over commodities and primarily taking signals from cash and currencies. November’s theme has been focused on the top two assets as domestic equities has shed signals to international, bringing a 20-signal lead in mid-October by domestic equities back to seven signals and where the separation began Q3. International equities have been the most improved asset in November, and further deterioration within domestic equities could bring about a change to the top ranked asset in DALI.

A broad representation of international over domestic leadership is the iShares MSCI Emerging Markets (EEM) against the Invesco S&P 500 Equal Weight ETF (RSP), which gave a relative strength buy signal in mid-October. This shifts the long-term relative strength to emerging markets over equal weighted large caps for the first time since 2018. Recent action has also brought EEM within one box of an RS buy signals against the iShares Russell Mid Cap ETF (IWR), and a switch to an RS buy signal would similarly be the first time since 2018.

A notable theme among the recent relative strength relationships to change has been the influence of Latin America for emerging markets and broader international equities. Since the end of October, the iShares S&P Latin America 40 ETF (ILF) has given a relative strength buy signal against both the iShares Russell Mid Cap ETF (IWR) and the iShares Russell 2000 ETF (IWM). This places long-term relative strength within Latin America relative to mid and small caps, which had generally been favored since the early part of 2022. Large caps are still favored in the long-term over Latin America when looking at the RS chart of ILF versus the SPDR S&P 500 Trust (SPY) (as well as the inverse RS relationship, SPY vs. ILF), but the chart has been in Xs, favoring Latin America in the short-term, since September. Recent action has brought the chart to within one box of an RS buy signal for the first time since returning to a sell signal in March 2024. As 2025 comes to a close, investors will look to continue to monitor action within the large cap space relative to Latin America.

Along with Latin America, the Asia-Pacific region is where there has been near-term relative improvement against US equities. The RS charts of the SPDR S&P Emerging Markets Asia Pacific ETF (GMF) versus the iShares Russell Mid Cap ETF (IWR) and the Vanguard FTSE Pacific ETF (VPL) versus the Invesco S&P 500 Equal Weight ETF (RSP) both reside within one box of a potential RS buy signal. GMF has been in a column of Xs on the RS chart versus IWR since March of this year, but recent action has brought it on the verge of an RS buy signal for the first time since early 2022. Meanwhile, VPL is on the cusp of an RS buy signal against RSP for the first time since giving an RS sell signal back in April 2010.

While not an exhaustive list of all the international and domestic equity relative strength relationships on the verge of seeing potential switching in RS signal, those mentioned here highlight the notable themes and regions to monitor as investors close out 2025 and begin 2026.

 

Featured Charts:

Portfolio View - Major Market ETFs

 

Market Distribution Table The Distribution Report below places Major Market ETFs and Indices into a bell curve style table based upon their current location on their 10-week trading band.

The middle of the bell curve represents areas of the market that are "normally" distributed, with the far right being 100% overbought on a weekly distribution and the far left being 100% oversold on a weekly distribution.

The weekly distribution ranges are calculated at the end of each week, while the placement within that range will fluctuate during the week. In addition to information regarding the statistical distribution of these market indexes, a symbol that is in UPPER CASE indicates that the RS chart is on a Buy Signal. If the symbol is dark Green then the stock is on a Point & Figure buy signal, and if the symbol is bright Red then it is on a Point & Figure sell signal.

 

Average Level

16.25

< - -100 -100 - -80 -80 - -60 -60 - -40 -40 - -20 -20 - 0 0 - 20 20 - 40 40 - 60 60 - 80 80 - 100 100 - >
                       
                       
           
Buy signalEEM
         
           
Sell signalicf
Buy signalijr
       
           
Buy signalQQQ
Sell signallqd
       
           
Buy signalefa
Sell signaldia
       
           
Buy signaliwm
Buy signalSPY
       
           
Buy signaltlt
Buy signaldvy
       
           
Buy signalVOOG
Buy signalXLG
       
           
Sell signalrsp
Sell signaldx/y
       
           
Sell signalONEQ
Buy signalVOOV
       
         
Buy signalfxe
Buy signalhyg
Buy signalshy
Buy signalief
     
     
Buy signalgcc
Sell signalUSO
Buy signalgsg
Buy signalIJH
Buy signalagg
Buy signalGLD
     
< - -100 -100 - -80 -80 - -60 -60 - -40 -40 - -20 -20 - 0 0 - 20 20 - 40 40 - 60 60 - 80 80 - 100 100 - >

 

AGG iShares US Core Bond ETF
USO United States Oil Fund
DIA SPDR Dow Jones Industrial Average ETF
DVY iShares Dow Jones Select Dividend Index ETF
DX/Y NYCE U.S.Dollar Index Spot
EFA iShares MSCI EAFE ETF
FXE Invesco CurrencyShares Euro Trust
GLD SPDR Gold Trust
GSG iShares S&P GSCI Commodity-Indexed Trust
HYG iShares iBoxx $ High Yield Corporate Bond ETF
ICF iShares Cohen & Steers Realty ETF
IEF iShares Barclays 7-10 Yr. Tres. Bond ETF
LQD iShares iBoxx $ Investment Grade Corp. Bond ETF
IJH iShares S&P 400 MidCap Index Fund
ONEQ Fidelity Nasdaq Composite Index Track
QQQ Invesco QQQ Trust
RSP Invesco S&P 500 Equal Weight ETF
IWM iShares Russell 2000 Index ETF
SHY iShares Barclays 1-3 Year Tres. Bond ETF
IJR iShares S&P 600 SmallCap Index Fund
SPY SPDR S&P 500 Index ETF Trust
TLT iShares Barclays 20+ Year Treasury Bond ETF
GCC WisdomTree Continuous Commodity Index Fund
VOOG Vanguard S&P 500 Growth ETF
VOOV Vanguard S&P 500 Value ETF
EEM iShares MSCI Emerging Markets ETF
XLG Invesco S&P 500 Top 50 ETF
   

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
CMC Commercial Metals Corporation Steel/Iron $63.88 hi 50s - low 60s 79 49 4 for 5'er, favored STEE sector matrix, LT pos peer & mkt RS, pos trend flip, 1.2% yield
AIT Applied Industrial Technologies, Inc. Machinery and Tools $257.32 mid 240s - ow 260s 316 208 5 for 5'er, top half of favored MACH sector matrix, LT pos peer & mkt RS, pos trend flip
UBS UBS AG (Switzerland) ADR Banks $38.05 mid-hi 30s 65 30 5 TA rating, top 20% of BANK sector RS matrix, LT RS buy, LT pos trend, buy-on-pullback, R-R > 3, yield > 2%
BAC Bank of America Banks $52.99 49 - 54 67 44 4 for 5'er, top 25% of favored BANK sector matrix, LT pos peer RS, bullish catapult, 2.1% yield
SHEL Shell PLC Sponsored ADR Oil $73.41 72 - hi 70s 87 65 4 TA rating, top 25% of OIL sector, LT RS buy, consec buy signals, yield > 3%
CME CME Group, Inc. Wall Street $280.87 260s - 270s 312 224 4 for 5'er, middle of WALL sector matrix, triple top breakout, 1.8% yield
AFL AFLAC Incorporated Insurance $110.55 108 - 115 143 95 4 for 5'er, top half of INSU sector matrix, LT pos peer & mkt RS, spread triple top, 2% yield
GFI Gold Fields Limited (South Africa) ADR Precious Metals $43.22 40 - 44 58 35 4 for 5'er, top third of PREC sector matrix, LT pos peer & mkt RS, good R-R, 1.8% yield
GVA Granite Construction Inc Building $106.55 hi 90s - mid 100s 157 87 5 for 5'er, top third of BUIL sector matrix, buy on pullback, R-R>3.0
GLDD Great Lakes Dredge & Dock Corporation Building $12.68 11.50 - 12.50 17 10 5 for 5'er, top third of BUIL sector matrix, LT pos peer & mkt RS, spread quad top, R-R>2.0
AMG Affiliated Managers Group Wall Street $267.60 hi 230s - lo 260s 298 198 5 TA rating, top of WALL sector matrix, consec buy signals, pos wkly mom, buy-on-pullback
SGI Somnigroup International Inc Household Goods $90.70 80s 125 69 5 for 5'er, top 10% of HOUS sector matrix, LT pos peer & mkt RS, buy on pullback, good R-R
CINF Cincinnati Financial Corporation Insurance $168.35 mid 150s - hi 160s 206 134 4 TA rating, top 33% of INSU sector matrix, LT mkt RS buy, yield > 2%, pos momentum, buy-on-pullback
LAMR Lamar Advertising Company Media $132.52 120s - low 130s 158 110 4 for 5'er, top half of MEDI sector matrix, LT pos peer & mkt RS, spread triple top 4.8% yield
HSBC HSBC Holding PLC (United Kingdom) ADR Banks $70.58 mid-to-hi 60s 86 54 5 for 5'er, top 10% of BANK sector matrix, LT pos peer & mkt RS, buy on pullback, 3% yield
LOGI Logitech International S.A. Computers $110.56 mid 100s - hi 110s 167 87 5 TA rating, top 25% of COMP sector RS matrix, consec buy signals, R-R > 2, buy-on-pullback
ABCB Ameris Bancorp Banks $75.90 70s 92 77 5 for 5'er, top 25% of BANK sector matrix, LT pos peer RS, spread quintuple top, 1.1% yield
CFG Citizens Financial Group Inc Banks $53.98 low-to-mid 50s 65 44 5 for 5'er, top 20% of favored BANK sector matrix, LT pos peer RS, triple top, 3.4% yield

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes

Follow-Up Comments

Comment
There are currently no follow-up comments.

NDW Spotlight Stock

 

CFG Citizens Financial Group Inc R ($54.36) - Banks - CFG is a 5 for 5'er that ranks in the top quintile of the favored banks sector matrix and has been on a peer RS buy signal since 2017. After falling to a sell signal, CFG found support in the upper $40s and returned to a buy signal earlier this week when it broke a triple top at $54. Long exposure may be added in the low-to-mid $50s and we will set our initial stop $44, the potential trend line violation on CFG's default chart. We will use the bullish price objective, $65, as our target price. CFG also carries a 3.4% yield.

 
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55.00                                       A                 55.00
54.00                                       X O         X     54.00
53.00                                       9 O X   B   X     53.00
52.00                                       X O X O X O X   Mid 52.00
51.00                                       X O X O X O X     51.00
50.00                                     X O   O X O X     50.00
49.00               X               X   X     O X O       49.00
48.00               X O X             X O X     O           48.00
47.00               X O X O           X O X                 47.00
46.00               X C 1 O           7 8                   46.00
45.00               X O X 2           X                     45.00
44.00           X   B O X O           X                   44.00
43.00   X   X   A O X O   3 X         X                 Bot 43.00
42.00   X O X O X O X     O X O     X 6                   42.00
41.00   X O X O X O       O X O     X O X                   41.00
40.00   X 8 X 9 X         O O     X O X                   40.00
39.00   X O X O           4     5 O                     39.00
38.00   X O X               O X   X                       38.00
37.00   7 O                 O X O X                       37.00
36.00 O X                   O X O X                       36.00
35.00 O X                   O X O X                       35.00
34.00 O X                   O X O                         34.00
33.00 6                     O                           33.00
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CFG Citizens Financial Group Inc R ($54.36) - Banks -

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55.00                                       A                 55.00
54.00                                       X O         X     54.00
53.00                                       9 O X   B   X     53.00
52.00                                       X O X O X O X   Mid 52.00
51.00                                       X O X O X O X     51.00
50.00                                     X O   O X O X     50.00
49.00               X               X   X     O X O       49.00
48.00               X O X             X O X     O           48.00
47.00               X O X O           X O X                 47.00
46.00               X C 1 O           7 8                   46.00
45.00               X O X 2           X                     45.00
44.00           X   B O X O           X                   44.00
43.00   X   X   A O X O   3 X         X                 Bot 43.00
42.00   X O X O X O X     O X O     X 6                   42.00
41.00   X O X O X O       O X O     X O X                   41.00
40.00   X 8 X 9 X         O O     X O X                   40.00
39.00   X O X O           4     5 O                     39.00
38.00   X O X               O X   X                       38.00
37.00   7 O                 O X O X                       37.00
36.00 O X                   O X O X                       36.00
35.00 O X                   O X O X                       35.00
34.00 O X                   O X O                         34.00
33.00 6                     O                           33.00
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CFG Citizens Financial Group Inc R ($54.36) - Banks -

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55.00                                       A                 55.00
54.00                                       X O         X     54.00
53.00                                       9 O X   B   X     53.00
52.00                                       X O X O X O X   Mid 52.00
51.00                                       X O X O X O X     51.00
50.00                                     X O   O X O X     50.00
49.00               X               X   X     O X O       49.00
48.00               X O X             X O X     O           48.00
47.00               X O X O           X O X                 47.00
46.00               X C 1 O           7 8                   46.00
45.00               X O X 2           X                     45.00
44.00           X   B O X O           X                   44.00
43.00   X   X   A O X O   3 X         X                 Bot 43.00
42.00   X O X O X O X     O X O     X 6                   42.00
41.00   X O X O X O       O X O     X O X                   41.00
40.00   X 8 X 9 X         O O     X O X                   40.00
39.00   X O X O           4     5 O                     39.00
38.00   X O X               O X   X                       38.00
37.00   7 O                 O X O X                       37.00
36.00 O X                   O X O X                       36.00
35.00 O X                   O X O X                       35.00
34.00 O X                   O X O                         34.00
33.00 6                     O                           33.00
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CFG Citizens Financial Group Inc R ($54.36) - Banks - CFG is a 5 for 5'er that ranks in the top quintile of the favored banks sector matrix and has been on a peer RS buy signal since 2017. After falling to a sell signal, CFG found support in the upper $40s and returned to a buy signal earlier this week when it broke a triple top at $54. Long exposure may be added in the low-to-mid $50s and we will set our initial stop $44, the potential trend line violation on CFG's default chart. We will use the bullish price objective, $65, as our target price. CFG also carries a 3.4% yield.

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55.00                                       A                 55.00
54.00                                       X O         X     54.00
53.00                                       9 O X   B   X     53.00
52.00                                       X O X O X O X   Mid 52.00
51.00                                       X O X O X O X     51.00
50.00                                     X O   O X O X     50.00
49.00               X               X   X     O X O       49.00
48.00               X O X             X O X     O           48.00
47.00               X O X O           X O X                 47.00
46.00               X C 1 O           7 8                   46.00
45.00               X O X 2           X                     45.00
44.00           X   B O X O           X                   44.00
43.00   X   X   A O X O   3 X         X                 Bot 43.00
42.00   X O X O X O X     O X O     X 6                   42.00
41.00   X O X O X O       O X O     X O X                   41.00
40.00   X 8 X 9 X         O O     X O X                   40.00
39.00   X O X O           4     5 O                     39.00
38.00   X O X               O X   X                       38.00
37.00   7 O                 O X O X                       37.00
36.00 O X                   O X O X                       36.00
35.00 O X                   O X O X                       35.00
34.00 O X                   O X O                         34.00
33.00 6                     O                           33.00
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ASML ASML Holding NV ADR ($1,056.79) - Semiconductors - ASML rose Friday to break a double top at $1056. This stock has a 4 for 5 TA rating and sits in the top quartile of the semiconductors sector RS matrix. The technical picture is favorable and improving. Initial support can be seen at $960, while overhead resistance can be seen just above at $1072.
META Meta Platform Inc. ($644.93) - Internet - META returned to a buy signal today at $640, its first since mid-October. The stock has lost some of its technical leadership but is still acceptable by NDW standards. It will be important to watch the bottom of the trading band at $584- the point bulls looked to defend after the most recent exhale. Tecnicals would suggest those with holdings should continue to hold, but it is worth noting that those set on selling can do so here all the way up to the middle of the trading band around $700.

 

Daily Option Ideas for November 28, 2025

Calls
New Recommendations
Name Option Symbol Action Stop Loss
Alibaba Group Holding Ltd (China) ADR - $157.44 O: 26B155.00D20 Buy the February 155.00 calls at 13.80 148.00
Follow Ups
Name Option Action
The Charles Schwab Corporation ( SCHW) Nov. 95.00 Calls Stopped at 0.00 (CP: 0.05)
British American Tobacco Sp-Adr (United Kingdom) ADR ( BTI) Mar. 50.00 Calls Raise the option stop loss to 7.10 (CP: 9.10)
Broadcom Ltd ( AVGO) Feb. 360.00 Calls Raise the option stop loss to 60.10 (CP: 62.10)
Microsoft Corporation ( MSFT) Feb. 480.00 Calls Raise the option stop loss to 31.60 (CP: 33.60)
Amazon.com Inc. ( AMZN) Feb. 230.00 Calls Initiate an option stop loss of 16.10 (CP: 18.10)
Puts
New Recommendations
Name Option Symbol Action Stop Loss
American Water Works Company, Inc. - $130.15 O: 26M130.00D16 Buy the January 130.00 puts at 3.60 140.00
Follow Up
Name Option Action
Eastman Chemical Company ( EMN) Mar. 60.00 Puts Stopped at 4.60 (CP: 4.40)
Covered Writes
New Recommendations
Name Option Sym. Call to Sell Call Price Investment for 500 Shares Annual Called Rtn. Annual Static Rtn. Downside Protection
Synchrony Financial $ 76.95 O: 26C80.00D20 Mar. 80.00 4.30 $ 37,074.65 22.30% 15.30% 4.48%
Still Recommended
Name Action
Sunrun Inc ( RUN) - 19.23 Sell the January 21.00 Calls.
Tesla Inc. ( TSLA) - 426.58 Sell the February 450.00 Calls.
SoFi Technologies Inc. ( SOFI) - 28.49 Sell the February 30.00 Calls.
Tapestry Inc. ( TPR) - 110.70 Sell the February 110.00 Calls.
Lam Research Corporation ( LRCX) - 155.14 Sell the January 155.00 Calls.
The Following Covered Write are no longer recommended
Name Covered Write
Warner Bros. Discovery, Inc. Series A ( WBD - 23.88 ) February 23.00 covered write.

 

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