Stock Market Outlook for November 20, 2025
It’s November 20th and we have a long list of stocks that we want to buy.
*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.
Stocks Entering Period of Seasonal Strength Today:
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Cohen & Steers Quality Income Realty Fund Inc. (NYSE:RQI) Seasonal Chart
Brompton Lifeco Split Corp. (TSE:LCS.TO) Seasonal Chart
Royce Micro Cap Trust, Inc. (NYSE:RMT) Seasonal Chart
Arizona Metals Corp (TSE:AMC.TO) Seasonal Chart
Metallus Inc. (NYSE:MTUS) Seasonal Chart
Olympic Steel, Inc. (NASD:ZEUS) Seasonal Chart
Marriott International, Inc. (NASD:MAR) Seasonal Chart
Zions Bancorp (NASD:ZION) Seasonal Chart
Wynn Resorts Ltd (NASD:WYNN) Seasonal Chart
Wheaton Precious Metals Corp. (NYSE:WPM) Seasonal Chart
Fluor Corp. (NYSE:FLR) Seasonal Chart
Secure Energy Services Inc. (TSE:SES.TO) Seasonal Chart
Terex Corp. (NYSE:TEX) Seasonal Chart
Bausch Health Cos. Inc. (NYSE:BHC) Seasonal Chart
The Markets
Stocks closed marginally higher on Wednesday as traders waited for the release of earnings from NVDIA (NVDA) after the closing bell. The S&P 500 Index closed up by 0.38%, charting another doji indecision candlestick below its 50-day moving average (6712) that was broken on Monday. Support at the November 7th low around 6640 is being contended with in an effort to break the short-term path of lower-highs and lower-lows that the hourly chart has shown over the past week. Reaction to the two important zones of gap resistance continues to be seen (~6760 and ~6830), providing hurdles that short-term traders have been using to peg negative bets against. As has been pointed out in our work, there has been reason to not expect much of equity market performance at this time of year through the middle of November, but the November 20th date is now upon us and looking for opportunities to increase risk exposure for the next leg higher in stocks has become appropriate. This weakness that the market has experienced recently is very much welcomed as we have not fallen victim to buying on the date of the average start to the best six months of the year that other strict seasonal managers have done, providing us with the opportunity to increase exposure to risk aggressively when it is logical from a technical perspective to do so. The 20-week moving average at 6549, a variable hurdle that came close to being tested at the lows of Tuesday’s session, is still seen as providing the desired risk-reward to adding new risk exposure to portfolios. We continue to lean heavily on our list of candidates in the market that are worthy to Accumulate or Avoid, which continues to show far more ideas worthy to buy than to sell.
Today, in our Market Outlook to subscribers, we discuss the following:
- The technical attributes that are desired to invest in heading into the last month and a half of the year
- The (long) list of stocks that are worthy for investment according to our three-pronged approach
- The action we are taking in the Super Simple Seasonal Portfolio
- US Dollar Index
Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for November 20
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Sentiment on Wednesday, as gauged by the put-call ratio, ended close to neutral at 0.94.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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