Equity Clock

Stock Market Outlook for November 12, 2026

Tech sector under the magnifying glass as the NASDAQ 100 ETF (QQQ) reaches up to horizontal resistance at $700 and performance relative to the market tests the declining trendline from the past month.

*** 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:
Cheniere Energy, Inc. (NYSE:LNG) Seasonal Chart	Optimal holding period from November 12th to March 4th Has been on a steady intermediate-term trend in 2026, supported by the rising 20-week moving average Revenue and Net Income have shown strong year-over-year gains in recent quarters, fuelled by increased international demand for liquefied natural gas and expanding production

Pohang Iron & Steel (Posco) (NYSE:PKX) Seasonal Chart

Gray Television, Inc. (NYSE:GTN) Seasonal Chart

Deutsche Bank AG (NYSE:DB) Seasonal Chart

Korea Electric Power Corp. (NYSE:KEP) 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 jump in neocloud stocks following earnings from Coreweave (CRWV) fuelled a rally in the Technology sector on Wednesday.   The S&P 500 Index gained 1.31%, cracking above previous horizontal support and implied resistance at 7620.  Declining trendline resistance is now directly overhead, keeping the ultra-short-term trend of lower-highs and lower-lows intact.  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:

• Technology Sector and the NASDAQ 100 (QQQ)
• Watching gauges of credit market strains
• Jump in Neocloud stocks (CRWV, NBIS)
• Rise in interest rates and 19-month high in the US Dollar
• Active Investment Manager Exposure to stocks and the AAII bull-bear spread
• Additional Thoughts (Broker-Dealer stocks bouncing from support, Semiconductors back to their breakdown point, NVDA breakdown)

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Sentiment on Wednesday, as gauged by the put-call ratio, ended bullish at 0.87.

Seasonal charts of companies reporting earnings today:

S&P 500 Index

TSE Composite

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