Stock Market Outlook for November 11, 2026
Headwinds from interest rates and the dollar ramping up again.
*** 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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iShares MSCI Global Agriculture Producers ETF (AMEX:VEGI) Seasonal Chart |
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Vanguard U.S. Minimum Volatility ETF (AMEX:VFMV) Seasonal Chart
Church & Dwight Co, Inc. (NYSE:CHD) Seasonal Chart
Riocan Real Estate Investment Trust (TSE:REI/UN.TO) Seasonal Chart
VanEck Pharmaceutical ETF (NASD:PPH) 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
Stocks slipped in the Tuesday session as a hotter than expected read of consumer inflation reignited rate concerns in the market. The S&P 500 Index pulled back by just less than four-tenths of one percent, remaining above the July lows that were tested on Friday. The benchmark has been reaching back to previous horizontal support, now resistance, at 7620, a level that warrants close scrutiny. An ultra-short-term trend of lower-highs and lower-lows remains. Healing on the charts is going to entail a conclusion to this declining path that has burdened the market benchmark since the start of October. The index remains within the cloud of major moving averages and the 200-day moving average is last line in the sand on the downside (although we would prefer to reference the 50-week moving average – 7255). 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:
- US Consumer Price Index (CPI) and the investment implications within
- Energy stocks
- Transportation
- Evidence of underlying strains in the consumer economy
- The AI trade and the chart to refer to in order to determine when to become risk-on again in the Technology sector
- Jump in rates from support
- US Dollar
Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for November 11
Sentiment on Tuesday, as gauged by the put-call ratio, ended close to neutral at 0.95.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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