Tech Talk for Thursday November 6th 2025

U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points at 8:30 AM EST.

Snap (SNAP) added $1.11 to $8.40 after reporting higher than consensus third quarter results. The company also raised guidance for the fourth quarter. Seasonal influences are favourable until February 6th. See seasonality chart at www.EquityClock.com

Arm (ARM) advanced $6.81 to $167.00 after reporting higher than consensus quarterly results. The company also offered positive guidance.

DoorDash (DASH) dropped $29.00 to $209.00 after reporting less than consensus third quarter results.

QUALCOMM (QCOM) dropped $3.92 to 175.80 despite reporting higher than consensus fiscal fourth quarter results. The company also offered positive guidance. Seasonal influences are favourable until January 16th. See seasonality chart at www.EquityClock.com

EquityClock's Market Outlook for November 6th

Market bouncing between gaps as tariff-burdened segments rebound. See:

https://equityclock.com/2025/11/05/stock-market-outlook-for-november-6-2025/

Technical Notes

Hong Kong iShares (EWH) moved above $22.05 extending an intermediate uptrend.

Biotech ETF (BBH) moved above $182.20 to a four year high extending an intermediate uptrend.

Amgen (AMGN) an S&P 100 stock moved above $308.78 extending an intermediate uptrend.

Marriott (MAR) a NASDAQ 100 stock moved above $283.03 extending an intermediate uptrend.

S&P 100 and NASDAQ 100 stocks breaking below support extending intermediate downtrends included Match (MTCH) on a move below $31.18, Booking Holdings (BKNG) on a move below $4,923.55, Trimble (TRMB) on a move below $75.40

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for November 5th 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 5th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for November 5th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

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S&P 500 Momentum Barometers

The intermediate term Barometer added 1.80 to 40.60. It returned to Neutral from Oversold on a recovery above 40.00.

The long term Barometer slipped 0.20 to 55.20. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer advanced 12.21 to 58.22. It remains Neutral.

The long term Barometer added 2.82 to 77.00. 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