Trading Insights 11/14/25

Mike Larson | Editor-in-Chief

Marilyn Monroe may have sung that diamonds are a girl’s best friend. But right now, “Diamonds” are a trader’s favorite! Specifically, the SPDR Dow Jones Industrial Average ETF (DIA) – once affectionately referred to as the “Dow Diamonds” – is quietly outperforming.

Just look at the MoneyShow Chart of the Day, which shows the percentage change in the DIA versus the Invesco QQQ Trust (QQQ) since the end of October. The DIA is outshining the QQQ, with a gain of 1.4% versus a loss of 2.2% for the tech-levered ETF (through yesterday afternoon).

Source: Yahoo Finance

You can see a similar pattern in S&P 500 sector ETFs. The Financial Select Sector SPDR Fund (XLF) rose 3.2% and the Industrial Select Sector SPDR Fund (XLI) gained 0.2% during the same timeframe. The Technology Select Sector SPDR Fund (XLK) lost 3.1%.

I’ll get the obvious caveat out of the way here: We’re only talking about a two-week trend. There’s no telling if it’ll last...or if we’ll revert back to a tech-led market before we all dive into our Thanksgiving turkeys.

But consider the logic of the trade here. For one thing, investors tend to look for new leaders at the end of one year and the beginning of the next. For another, the Artificial Intelligence “Boom or Bubble” debate keeps raging. Those forces are likely fueling some rotational action.

The end of the government shutdown could help goose the economy, too, as affected workers get back pay and start spending it. Throw in the potential for new “stimmy” checks, an idea that has been floated in Washington, and you can see why more economically sensitive sectors and stocks could catch a bid.

Long story short? Maybe it’s time to “shop” for DOW diamond-type names in your portfolio this holiday season.

Markets just went from shutdown rally to shake-up mode. Investors are increasingly worried the Federal Reserve won’t cut interest rates in December…and that the AI boom might be turning into an AI bubble. So, will a tradable “Santa Claus Rally” show up this year, or go MIA in 2025? Check out my MoneyShow Video Market Minute for the full scoop! 

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FEATURED PICKS FROM MONEYSHOW EXPERTS
  • Nasdaq 100: Levels to Watch as Tech Shows Signs of Exhaustion
    👉️ TICKER: QQQ

    Tech stocks – the darlings of Wall Street’s Artificial Intelligence (AI)-driven boom this year – are starting to lag a little bit. Looking at the chart of the Nasdaq 100, there is no question about the long-term trend which remains bullish. But in the short-term, we have seen a few lower highs form as the index hit an exhaustion level at the end of October, advises Fawad Razaqzada, technical analyst at TradingCandles.

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