Equity Clock

Stock Market Outlook for November 10, 2026

Nice bounce, but the market is not out of the woods, yet.

*** 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:

Subscribers Click on the relevant link to view the full profile. Not a subscriber? Signup here.

Stock Highlight:
VanEck Agribusiness ETF (NYSE:MOO) Seasonal Chart	Optimal holding period from November 10th to January 30th Intermediate-term trend remains that of higher-highs and higher-lows, supported by levels around the rising 50-week moving average The pullback in energy commodity prices is removing a headwind from this group that has been struggling since March

Global X Cloud Computing ETF (NASD:CLOU) Seasonal Chart

Tencent Music Entertainment Group (NYSE:TME) Seasonal Chart

ProShares Online Retail ETF (AMEX:ONLN) Seasonal Chart

WisdomTree MidCap Dividend Fund (NYSE:DON) Seasonal Chart

iShares Global Timber & Forestry ETF (NASD:WOOD) Seasonal Chart

Schwab US Large-Cap ETF (NYSE:SCHX) 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 jumped to start the week as traders nibbled away at Tech stocks that had been aggressively sold off following the midterm election result.   The S&P 500 Index jumped by 2.35%, continuing to bounce from the July lows that were tested on Friday.  The benchmark is reaching back to previous horizontal support, now resistance, at 7620 and, even with Monday’s bounce, 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

Want to know which areas of the market to buy or sell?  Our Weekly Chart Books have just been updated, providing a clear Accumulate, Avoid, or Neutral rating for currencies, cryptocurrencies, commodities, broad markets, and subsectors/industries of the market.  Subscribers can login and click on the relevant links to access.

• Currencies
• Cryptocurrencies
• Commodities
• Major Benchmarks
• Sub-sectors / Industries
• ETFs:   Bonds  |  Commodities  |  Equity Markets  |  Industries  |  Sectors

Today, in our Market Outlook to subscribers, we discuss the following:

• Our weekly chart books update, along with our list of all segments of the market to either Accumulate or Avoid
• Other Notes
• Additional Thoughts (SPX not out of the woods, Mid-Caps, and Natural Gas)

Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for November 10

Sentiment on Monday, as gauged by the put-call ratio, ended bullish at 0.85.

Seasonal charts of companies reporting earnings today:

S&P 500 Index

TSE Composite

Sponsored By...