Stock Market Outlook for November 24, 2025
The S&P 500 index is bouncing off of our desired risk-reward entry point for new exposure heading into a seasonally strong time of year through the holidays.
*** 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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Domo, Inc. (NASD:DOMO) Seasonal Chart
Real Estate Select Sector SPDR Fund (NYSE:XLRE) Seasonal Chart
Talon Metals Corp. (TSE:TLO.TO) Seasonal Chart
Amplify Mobile Payments ETF (AMEX:IPAY) Seasonal Chart
Invesco Solar ETF (NYSE:TAN) Seasonal Chart
PagerDuty Inc. (NYSE:PD) Seasonal Chart
American Superconductor Corp. (NASD:AMSC) Seasonal Chart
Tenet Healthcare Corp. (NYSE:THC) Seasonal Chart
3D Systems Corp. (NYSE:DDD) Seasonal Chart
Acadia Pharmaceuticals Inc. (NASD:ACAD) Seasonal Chart
Cleveland-Cliffs Inc (NYSE:CLF) Seasonal Chart
Mosaic Co. (NYSE:MOS) Seasonal Chart
Zillow Group, Inc. (NASD:ZG) Seasonal Chart
Extra Space Storage Inc. (NYSE:EXR) Seasonal Chart
Public Storage, Inc. (NYSE:PSA) Seasonal Chart
Arvinas Inc. (NASD:ARVN) Seasonal Chart
Blackstone Group Inc. (NYSE:BX) Seasonal Chart
Novo Nordisk A S (NYSE:NVO) Seasonal Chart
Winpak Ltd. (TSE:WPK.TO) Seasonal Chart
The Markets
Stocks recovered from Thursday’s reversal following comments from New York Fed leader, John Williams, who raised the prospect that a December rate cut was possible. The S&P 500 Index rallied by 0.98%, erasing much of the loss from the prior session. Despite the rebound, the ultra-short-term view that the hourly chart presents still shows lower-highs and lower-lows with the November 7th bottom at 6630 identifying a level of resistance. Two important zones of gap resistance remain overhead (~6760 and ~6830), providing hurdles that short-term traders have been using to peg negative bets against. The bears will have to contend positive seasonality ahead with gains the norm for market benchmarks during the US Thanksgiving holiday week, leaving the bias to use the recent weakness to buy into risk rather than sell out of it. As we have been emphasizing, the 20-week moving average at 6547 has been the desired risk-reward point to adding new risk exposure to portfolios and the large-cap benchmark tested this point on Thursday. 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:
- Weekly look at the large-cap benchmark
- Market valuation has confronted a barrier at 23 times forward earnings
- The extraordinary pull/correlation that the cryptocurrency market is having on stocks
- Canadian Retail Sales and the investment implication from the lagging trends
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Sentiment on Friday, as gauged by the put-call ratio, ended slightly bullish at 0.85.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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