Tech Talk for Thursday November 20th 2025
U.S. equity index futures were higher this morning. S&P 500 futures were up 94 points at 8:35 AM EST.
S&P 500 futures added 10 points following release of the U.S. October Employment Report at 8:30 AM EST. Consensus for Non-farm payrolls was a 50,000 increase. Actual was a 119,000 increase. Consensus for the October Unemployment was 4.3%. Actual was 4.4%. Consensus for October Earnings was a 0.3% increase. Actual was a 0.2% increase.
Nvidia advanced $9.86 to $196.38 after reporting higher than consensus third quarter revenues and earnings. The company also offered positive fourth quarter guidance.
![clip_image001[1]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/11/clip_image0011-3.png "clip_image001[1]")
Other Artificial Intelligence stocks responded to the Nvidia report. Advanced Micro devices (AMD) advanced $9.38 to $232.93, Microsoft added $6.00 to $493.12 and Micron added $9.53 to $235.45.
![clip_image002[1]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/11/clip_image0021-3.png "clip_image002[1]")
Palo Alto dropped $7.20 to $192.70 despite reporting higher than consensus first quarter results. The company also announce purchase of Chromosphere for $3.5 billion.
![clip_image003[1]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/11/clip_image0031-2.png "clip_image003[1]")
Wal-Mart slipped $1.01 to $99.60 despite reporting higher than consensus third quarter revenues and earnings. The company also raised fourth quarter guidance
EquityClock's Market Outlook for November 20th
It's November 20th and we have a long list of stocks that we want to buy. See:
https://equityclock.com/2025/11/19/stock-market-outlook-for-november-20-2025/
Editor's Note: Note change in seasonal investment strategy!
Technical Notes
Salesforce.com (CRM) a Dow Jones Industrial Average stock moved below $226.09 extending an intermediate downtrend.
Check Point (CHKP) a NASDAQ 100 stock moved below $187.29 extending an intermediate downtrend.
PDD Holdings (PDD) a NASDAQ 100 stock moved below $118.77 extending an intermediate downtrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for November 19th 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 19th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for November 19th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
MACD Warning for S&P 500! Momentum Shift Underway: Joe Rabil
MACD Warning for S&P 500! Momentum Shift Underway - YouTube
The reasons behind a downgrade for Microsoft and Amazon: Rothchild
The reasons behind a downgrade for Microsoft and Amazon - YouTube
S&P 500 Shows Topping Signs! Financials and Semis at Key Levels: Frank Capperelli
S&P 500 Shows Topping Signs! Financials and Semis at Key Levels - YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 2.00 to 36.40. It remains Oversold. Daily downtrend was extended.
The long term Barometer dropped 1.20 to 53.40. It remains Neutral.
TSX Momentum Barometers
The intermediate term Barometer added 2.36 to 58.49. It remains Neutral.
The long term Barometer added 1.89 to 75.94. 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
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