Technical Notes
Salesforce.com (CRM) an Dow Jones Industrial Average stock moved below $221.18 completing a double top pattern
DuPont (DD) an S&P 100 stock moved above $148.77 and$153.63 setting an intermediate uptrend.
Cenovus (CVE.TO) a TSX 60 stock moved below Cdn$42.83 completing a double top pattern.
Fortis (FTS.TO) a TSX 60 stock moved above Cdn$83.07 to an all-time high extending an intermediate uptrend.
Trader’s Corner
Indices and Related ETFs
Commodities
Sectors
An interesting note from www.yahoo.com about performance by the S&P 500 Index related to the U.S. Presidential Cycle
Blue, red or divided, the S&P 500 was higher a year after all 20 midterms since 1946, measured from Election Day, with an average gain of about 14%. The closest call was 1946 itself, a gain of just 0.1%. The streak lines up with the strongest stretch of the Presidential cycle, which runs from late in a midterm year into the next.
Links offered by valued providers
Only 2 Mag 7 Charts Made My Top 10 for November: Dave Keller
Only 2 Mag 7 Charts Made My Top 10 for November – YouTube
Trading Places Live! November 3, 2026: Tom Bowley
Trading Places Live! November 3, 2026 – YouTube
19 for 19: The Most Consistent Six-Month Stretch in Market History (November to April after Mid-Term election)
19 for 19: The Most Consistent Six-Month Stretch in Market History – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 1.20 to 66.20. It remained Overbought.
The short term (20 days) Barometer dropped 1.40 to 71.60. It remained Overbought.
The long term Barometer dropped 1.60 to 64.00. It remained Overbought.
TSX Momentum Barometers
The intermediate term Barometer added 1.40 to 53.49. It remained Neutral.
The short term (20 days) Barometer dropped 0.47 to 53.95. It remained Neutral.
The long term Barometer was unchanged at 53.95. It remained Neutral.
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