Technical Notes
S&P 500 Index moved below 6,550.78 and 6,631.44 completing a short term Head & Shoulders pattern.
Dow Jones Transportation Average and its related iShares (IYT) moved below $69.32 completing a double top pattern.
U.S. Steel ETF (SLX) moved below $76.24 completing a double top pattern.
Global Base Metals iShares (XBM.TO) moved below Cdn$24.73 and Global X Copper Miners ETF (COPX) moved below $57.41 completing double top patterns.
S&P 100 and NASDAQ 100 stocks breaking below support setting an intermediate downtrend included Ford (F) on move below $12.60, Atlassian (TEAM) on a move below $144.32, Target on a move below $84.30, Honeywell on a move below $187.88
Platinum ETN (PPLT) moved below $138.07 and $137.73 completing a double top pattern.
Cenovus (CVE.TO) a TSX 60 stock moved above Cdn$25.97 extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for November 20th 2025
Green: Increase from previous day
Red: Decrease from previous day
Source for all positive seasonality ratings: www.EquityClock.com
Commodities
Daily Seasonal/Technical Commodities Trends for November 20th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for November 20th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Stocks Whipsaw After Nvidia Earnings: Guy Adami, Dan Nathan and Liz Thomas
https://www.youtube.com/watch?v=8nD4iXFgDn8
Big Move in Nvidia: Can This Save the Market Rally? | CHART THIS 11/19/25
https://www.youtube.com/watch?v=ViviHlJAQrA
Did NVDA Earnings Cancel The Correction? Here’s The Institutional Technical Analysis Verdict
https://www.youtube.com/watch?v=j_oncYKp5K4
Bridgewater founder Ray Dalio: We are definitely in a bubble, but that doesn’t mean you should sell
https://www.youtube.com/watch?v=hwkHkUpWZP4
A Rough Week for Stocks — But This Sector Just Hit a New High! Tom Bowley
A Rough Week for Stocks — But This Sector Just Hit a New High! – YouTube
FOMC’s "Tricky" December Decision & Navigating "Whipsaw" Markets: Liz Ann Sonders
FOMC’s "Tricky" December Decision & Navigating "Whipsaw" Markets – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer dropped another 4.60 to 31.80. It remains Oversold. Daily downtrend was extended.
The long term Barometer dropped 3.00 to 50.40. It remains Neutral. Daily downtrend was established.
Short term (20 day) Barometer dropped 2.80 to 28.00. It remains Oversold. Daily downtrend was extended.
TSX Momentum Barometers
The intermediate term Barometer plunged 8.73 to 49.76. It remains Neutral. Daily downtrend was extended.
The long term Barometer slipped 1.06 to 74.88. It remains Overbought.
Short term (20 day) Barometer plunged 13.00 to 43.60
Disclaimer: Seasonality ratings and technical ratings offered in this report and at
www.equityclock.com are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed
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Equity Clock Publications