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Publication date: November 13, 2025
It is Thursday, November 13. The AEX notes 971 in the morning session. That is 1 point (0.1%) higher than last week's reading.
What happened on the AEX last week?
The AEX closed last week weak, with a low of 950. This week the AEX recovered nicely with a preliminary high of 972 on Wednesday. In particular, the end of the US shutdown gave the markets air.
What does this mean for sentiment on the AEX?
Overall sentiment on the AEX is underlying optimism, but strength is waning somewhat.
What is the outlook for the AEX?
For the short term, in the most likely scenario, we can expect a correction in the AEX. This correction could push the AEX back to the 950-940 zone and serve as a prelude to a new top around 1,015.
Below 880, the longer-term positive scenario expires and the AEX enters a neutral zone with an increased risk of further decline. As long as 880 holds, the positive scenario remains in place.
The chart above shows the AEX as of January 2025. The arrows indicate the most likely scenario for the coming months.
What happened on the Nasdaq over the past week?
The Nasdaq futures are at 25,660 on Thursday morning, Nov. 13, which is the same as last week.
The Nasdaq futures also experienced a tough close to last week's close after hitting its price target. The price dropped back to 24,700. Over the past week, the price recovered to Wednesday's high of 25,830.
What is the outlook for the Nasdaq futures?
Positive with a longer-term price target of 27,800. The Nasdaq will be able to correct further to the 24,000 level in the most likely short-term scenario. From that level, the Nasdaq can continue upward toward the price target. With a close below 22,200, the positive scenario expires.
Below is the chart of the Nasdaq futures from January 2025 with the most likely scenario.
What happened on the Dow Jones Industrial Average (DJIA) Index this past week?
The DJIA is currently trading at 48,450 points, which is 1,100 points (2.3%) higher than last week's reading.
The DJIA experienced a strong week and, with a high of 48,499 points, reached its short-term price target.
What is the outlook for the Dow Jones Industrial Average Index?
The expectation is positive with a long-term price target of 50,000. In the most likely scenario, the DJIA may experience a slight short-term correction to around 47,000 points. After that, it can start moving toward the longer-term price target of 50,000. The scenario expires at a close below 43,200.
Below is the chart of DJIA futures from January 2025 with the most likely scenario plotted.
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In the Economic Calendar, we cover the most important topics through an explanation and vision. Here you can read the agenda for the week, November 10 through November 14, 2025, and from Friday afternoon, here you can read the agenda for the week, November 17 through November 21, 2025.
Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.
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