Stock Market Outlook for November 9, 2026
The market is likely going to need some time to repair. We’ll tell you when seasonal tendencies suggest stocks should become reinvigorated.
*** 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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Stock Highlight: |
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Fastenal Co. (NASD:FAST) Seasonal Chart |
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Magnite, Inc (NASD:MGNI) Seasonal Chart
Masco Corp. (NYSE:MAS) Seasonal Chart
Louisiana Pacific Corp. (NYSE:LPX) Seasonal Chart
iShares S&P 500 Value ETF (NYSE:IVE) Seasonal Chart
Medtronic, Inc. (NYSE:MDT) Seasonal Chart
Docusign, Inc. (NASD:DOCU) Seasonal Chart
Revvity Inc. (NYSE:RVTY) Seasonal Chart
Disclaimer: Comments and opinions offered in this report are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered is believed to be accurate, but is not guaranteed.
The Markets
A slight recovery following Thursday’s brutal selloff had major equity benchmarks end in the green to close the week. The S&P 500 Index rebounded by around three-tenths one percent, bouncing from the July lows that were tested in the prior session. On Thursday, the benchmark showed sharp rejection from declining trendline resistance from the past month around 7700, breaking back below the trading range support at 7620 in the process. The 7400 target that we had been suggesting based on the appearance of a head-and-shoulders pattern was hit and exceeded as the benchmark moves back to the summer lows. Now comes the healing and, following Thursday’s pronounced downturn, its could take some time given how skittish traders may have become. The index remains within the cloud of major moving averages and the 200-day moving average is now up to bat (although we would prefer to reference the 50-week moving average – 7242). As noted in our recent chart books, there are segments following recent price action that we haven’t wanted to be exposed to, including Semiconductor and various technology industries, but the market has provided rotation opportunities that allowed us to maintain our overall equity exposure. Members can stay on top of our thinking and what we are watching in our regular reports, as well as view what we are targeting in our list of market segments to either Accumulate or Avoid
Today, in our Market Outlook to subscribers, we discuss the following:
- Weekly look at the large-cap benchmark
- Portfolio Positioning and Seasonality
- Midterm Election Comparison: 2018 and 2022
- Technology and AI Infrastructure
- Industrials and Materials
- Opportunity in Airlines
- Employment and Consumer Weakness
- Canadian Employment: Manufacturing Outperforms
- Dollar and Interest Rates: Important Year-End Signals
- Gold and Precious Metal Stocks
Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for November 9
Sentiment on Friday, as gauge by the put-call ratio, ended close to neutral at 0.96.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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