Tech Talk for Wednesday November 12th 2025

U.S. equity index futures were higher this morning. S&P 500 futures were up 23 points at 8:30 AM EDT

CAE is expected to open higher after reporting higher than consensus fiscal second quarter revenues and earnings.

AT&T added $0.14 to $25.32 after KeyBanc upgraded the stock.

Advanced Micro Devices advanced $13.44 to $250.96 after the company predicted accelerated sales growth related to AI chip demand.

Loblaw Companies is expected to open higher after reporting higher than consensus third quarter results.

EquityClock's Market Outlook for November 12th

Pursuing an "emerging" seasonal opportunity into year end now that volatility is coming in and headwinds that threatened previous alleviate. See:

https://equityclock.com/2025/11/10/stock-market-outlook-for-november-12-2025/

Technical Notes

International iShares with upside breakouts to all-time highs included Brazil iShares (EWZ) on a move above $33.14, Italy iShares (EWI) moved above $52.58, Mexico iShares (EWX) moved above $68.71.

The Dow Jones Industrial Average closed at an all-time closing high thanks to notable strength in the U.S. Health Care and Energy sectors. Health Care SPDRs (XLV) moved above $148.35 extending an intermediate uptrend. A related fund Pharmaceutical ETF (PPH) moved above $96.95 to an all-time high. Eli Lilly (LLY) moved above $965.15 to an all-time high, Amgen (AMGN) moved above $333.29 to an all-time high and Intuitive Surgical (ISRG) moved above $568.69 extending an intermediate uptrend.

Energy equities and ETFs on both sides of the border broke to new highs extending intermediate uptrends. S&P/TSX Energy iShares (XEG.TO) moved above Cdn$19.12 to an all-time high. Exxon Mobil (XOM) a Dow Jones Industrial Average stock moved above $118.36. Imperial Oil (IMO.TO) a TSX 60 stock moved above Cdn$132.08 to an all-time high. Suncor (SU.TO) a TSX 60 stock moved above Cdn$60.48 to an all-time high. Schlumberger (SLB) moved above $37.85 completing a double bottom pattern.

Major money center U.S. Banks breaking to all-time highs included JP Morgan (JPM), Bank of New York Mellon (BK) and Morgan Stanley (MS)

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for November 11th 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 11th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for November 11th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

AI Arms Race: Capital Flows & Billion-Dollar Bluffs with CNBC’s Deirdre Bosa and Dan Nathan

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

A Government Shutdown End Is In Sight: Guy Adami, Dan Nathan and Carter Worth

https://www.youtube.com/watch?v=3gcLwwDNSjs

Why the S&P Just Reversed Hard Key Technical Pattern Revealed

https://www.youtube.com/watch?v=bZayAA6Bi5Y

Peter Schiff: Gold, Silver Correction Over? Next Price Triggers, Where to Focus

https://www.youtube.com/watch?v=1w0SzE0uuLs

The Tariff Relief Playbook: 10 Stocks with Upside Potential: David Keller

https://www.youtube.com/watch?v=nLbLvTCc3Kg

Here’s Why I Don’t See Much Selling Ahead | Trading Places Live! November 11, 2025

Tom Bowley

https://www.youtube.com/watch?v=fyH-4uHRak4

Momentum Over Logic: Why Chasing Stocks Works in This Market: Liz Thomas and Guy Adami.

https://www.youtube.com/watch?v=KzQVzqgv4Ys

Gold And Silver: Pure Technical Analysis Reveals The Next Likely Move In The Metals

https://www.youtube.com/watch?v=g3Y7ImY2fM8

S&P 500 Momentum Barometers

The intermediate term Barometer added 3.80 to 50.20. It remains Neutral.

The long term Barometer added 2.80 to 59.20. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer added 1.42 to 65.57. It remains Overbought.

The long term Barometer was unchanged at 78.77. It remains Overbought.

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