Technical Notes

S&P 100 and NASDAQ 100 stocks breaking below support setting intermediate downtrends included Microsoft on a move below $492.37, Home Depot (HD) on a move below $343.85, US Bancorp on a move below $45.22, ON Semiconductor (ON) on a move below $45.64, Airbnb on a move below $116.32, Costco (COST) on a move below $902.01, MasterCard on a move below $525.92. No S&P 100 and NASDAQ 100 stocks broke intermediate resistance.

Water Resources ETF (PHO) moved below $70.34 and $70.27 completing a Head & Shoulders pattern.

CAE (CAE.TO) a TSX 60 stock moved below Cdn$36.12 extending an intermediate downtrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for November 18^th 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 18^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for November 18^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Small Caps Slammed as Rate Cut Odds Dwindle | Trading Places Live! November 18, 2025

Tom Bowley

https://www.youtube.com/watch?v=zpdP8QO_vjM

Unless You’re Winning, You’re Losing with SoFi’s Liz Thomas

https://www.youtube.com/watch?v=fiSMGm3x4ro

CFRA’s Sam Stoval: Market pullback is ‘healthy & normal’

CFRA’s Sam Stoval: Market pullback is ‘healthy & normal’ – YouTube

Sorkin: A financial crisis is coming and CEOs are scared to speak out

Sorkin: A financial crisis is coming and CEOs are scared to speak out – YouTube

The Tech Slump Continues To Weigh On Markets: Guy Adami and Dan Nathan

The Tech Slump Continues To Weigh On Markets – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 0.60 to 38.40. It remains Oversold.

The long term Barometer added 0.80 to 54.60. It remains Neutral

TSX Momentum Barometers

The intermediate term Barometer added 0.94 to 56.13. It remains Neutral.

The long term Barometer dropped 3.30 to 74.06. It remains Neutral. Daily downtrend resumed.

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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