{"id":190369,"date":"2025-11-09T23:07:16","date_gmt":"2025-11-10T04:07:16","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=190369"},"modified":"2025-11-10T08:47:59","modified_gmt":"2025-11-10T13:47:59","slug":"tech-talk-for-monday-november-10th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/11\/09\/tech-talk-for-monday-november-10th-2025\/","title":{"rendered":"Tech Talk for Monday November 10th 2025"},"content":{"rendered":"

Pre-opening Comments for Monday November 10th<\/sup><\/strong><\/font><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 64 points at 8:30 AM EST. Futures responded to passage of a bill by the Senate that was required to end the lock down of Federal Government services. Now, the agreement returns to the House of Representatives for a vote on a combined Congressional Bill.<\/p>\n

U.S. and Canadian equity exchanges are open for trade tomorrow, but trading activity is expected to be limited<\/b>. Veterans Day in the U.S. is a federal government holiday. Federal government services and most banks are closed. Remembrance Day in Canada is a statutory holiday in most provinces except Ontario, Quebec and Manitoba. Most government services and federal government regulated services (e.g. banks) are closed. Next Tech Talk report is released on Wednesday November 12th<\/sup> <\/b><\/p>\n

Nvidia <\/b>advanced $5.90 to $194.05 after Citigroup raised its target price from $210 to $220.<\/p>\n

\"clip_image001[1]\"<\/a><\/p>\n

EquityClock\u2019s Market Outlook for November 10th<\/sup><\/strong><\/font><\/p>\n

Looking at November 20th as a potentially important day to buy stocks. See:<\/b><\/p>\n

https:\/\/equityclock.com\/2025\/11\/08\/stock-market-outlook-for-november-10-2025\/<\/a><\/p>\n

Technical Scoop for November 10th<\/sup><\/font> <\/strong><\/font><\/p>\n

         from David Chapman and <\/strong><\/font>www.EnrichedInvesting.com<\/strong><\/font><\/a><\/p>\n

https:\/\/enrichedinvesting.com\/library\/<\/a><\/p>\n

<\/strong><\/font><\/p>\n

The Bottom Line<\/strong><\/font><\/p>\n

U.S. equity indices recovered sharply in the second half of trading on Friday:<\/b> That\u2019s when Democrat members in the Senate offered a proposal to end the federal government shutdown.<\/p>\n

Prior to the news, price levels for U.S. and Canadian equity indices, related ETFs and individual equities extended losses<\/b> for the week<\/b>. The TSX Composite Index moved below support at 29,802.49 and its 50 day moving average completing a double top pattern. The S&P 500 Index broke below its 50 day moving average but recovered in late trading. The VIX Index spiked to 22.80%, but dropped back to 19.08% in late trading. See the following MarketWatch comment for additional background: https:\/\/www.marketwatch.com\/story\/the-shutdown-is-starting-to-bite-the-economy-top-trump-aide-warns-the-senate-is-struggling-to-make-a-deal-3104a8da?mod=mw_pushly&send_date=20251107<\/a><\/p>\n

\"clip_image001\"<\/a><\/p>\n

\"clip_image002\"<\/a><\/p>\n

Look for volatility, measured by the VIX Index, to remain elevated this week pending evolution of political events in Washington.<\/b><\/p>\n

Consensus for Earnings and Revenues for S&P 500 companies<\/strong><\/font> <\/p>\n

Source: www.factset.com<\/a><\/p>\n

<\/b><\/p>\n

Analyst earnings and revenue estimates increased significantly again last week thanks to updates following \u201cblow out\u201d earnings released by Microsoft, Alphabet, Apple and Amazon: <\/b>91% of S&P 500 companies have reported third quarter results to date: 82% exceeded consensus earnings estimates and 77% exceeded consensus revenue estimates.<\/p>\n