Pre-opening Comments for Tuesday November 10th
U.S. equity index futures were lower this morning. S&P 500 futures were down 30 points at 8:35 AM EST.
S&P 500 futures dropped 34 points following release of the October Consumer Price Index at 8:30 AM EST. Consensus called for a 0.3% increase versus a 0.6% increase in September. Actual was a 0.4% increase. Excluding food and energy, consensus called for a 0.2% increase versus a 0.3% increase in September. Actual was a 0.3% increase.
Trade Desk (TTD) added $1.05 to $15.98 after reporting higher than consensus third quarter results.
Hims & Hers (HIMS) dropped $0.63 to $22.31 after reporting a surprise third quarter loss. The company also issued fourth quarter guidance below consensus.
Taiwan Semiconductor (TSM) added $0.50 to $2,285.00 after reporting a 60% increase in October revenues.
Take-Two Interactive (TTWO) added $7.27 to $214.67 after announcing launch of its next video game product on November 19th
EquityClock’s Market Outlook for November 10th
Nice bounce, but the market is not out of the woods, yet. See:
https://equityclock.com/2026/11/09/stock-market-outlook-for-november-10-2026/
Technical Notes
U.S. Global Jets ETF (JETS) moved above short term resistance at $29.78. Units recently entered their period of seasonal strength ending December 23rd. The sector is benefitting from lower fuel costs and higher airfares. See seasonal chart at https://charts.equityclock.com/us-global-jets-etf-amexjets-seasonal-chart
WTI Crude Oil ($WTIC) dropped below $86.86 completing a double top pattern. Also, U.S. Oil ETN (USO) moved below intermediate support at $141.76
Johnson & Johnson (JNJ) a Dow Jones Industrial Average stock moved above $201.07 to an all-time high extending an intermediate uptrend.
AirBNB (ABNB) a NASDAQ 100 stock moved above $193.45 to a five year high extending an intermediate uptrend.
The Nikkei Average ($NIKK) moved below 60,400 completing a double top pattern.
Wheat ETN (WEAT) moved below $21.64 extending an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Commodities
Sectors
Links offered by valued providers
Tech Is Losing Ground. What’s Leading Now? Mary Ellen McGonagle
Tech Is Losing Ground. What’s Leading Now? – YouTube
Morgan Stanley CIO Mike Wilson: Market correction entering final phase
Morgan Stanley CIO Mike Wilson: Market correction entering final phase – YouTube
NVDA Scandal Triggers Buy Signal, Markets Rally, Bitcoin Breaking Down, Gold And Silver Bounce: Verified Investing
Earnings picture into 2027 continues to look solid, says Citi Research’s Scott Chronert
Earnings picture into 2027 continues to look solid, says Citi Research’s Scott Chronert – YouTube
Stocks Climb as Buyers Step In Despite Nvidia CEO Scandal” Lori Calvasina: RBC
Stocks Climb as Buyers Step In Despite Nvidia CEO Scandal – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer advanced 7.40 to 69.40. It remained Overbought.
The short term (20 days) Barometer advanced 8.40 to 69.60. It remained Overbought.
The long term Barometer added 7.60 to 66.40. It returned to Overbought on a move above 60.00.
TSX Momentum Barometers
The intermediate term Barometer added 5.56 to 55.56. It remained Neutral. Daily uptrend was extended.
The short term (20 days) Barometer added 11.57 to 68.52. It changed from Neutral to Overbought on a move above 60.00. Daily uptrend was extended.
The long term Barometer added 3.70 to 58.33. It remained Neutral. Daily uptrend was extended.
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. Thank you
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Equity Clock Publications