November 10, 2025

(THE YEAR-END JOURNEY IS UPON US – BUCKLE UP & ENJOY THE RIDE)

November 10, 2025

Hello everyone

WEEK AHEAD CALENDAR

Monday,10 Nov.

No significant data scheduled.

Earnings: Paramount, Skydance, Occidental Petroleum, Tyson Foods, Interpublic Group of Cos

Tuesday, Nov. 11

Veterans Day holiday, bond market closed

6:00 a.m. NFIB Small Business Index (October)

Wednesday, Nov. 12

Earnings: Cisco Systems, TransDigm Group

Thursday. Nov. 13

8:30 a.m. Consumer Price Index (Oct.)

8:30 a.m. Core CPI (Oct.)

8:30 a.m. Core CPI year over year

Earnings: Applied Materials, The Walt Disney Co.

Friday, Nov. 14

8:30 a.m. U.S. retail sales

8:30 a.m. Producer price index

8:30 a.m. Core PPI

10:00 a.m. Business inventories

NEWS CORNER

Earnings are winding down. The big blackout continues as the government shutdown rolls on. Although there are rumblings that a deal might be close. Consolidation appears more likely this week, but beware, there may be some volatility. There seems to be a lot of angst about Bitcoin and Ethereum. I’ll monitor the price action to see where the coins are going.

As for the tech sector, many analysts are expecting it, particularly the Mag 7, to continue the rally into year-end. Arista Networks, Palantir Technologies, Meta Platforms, and Microsoft all moved lower last week. Several analysts believe the ‘Mag 7’ is in stronger shape than the broader technology sector. If we look at GOOGL and AAPL, they have been unmoved by all the noise. Technical strategist, Mark Newton of Fund Strat, expects the (XLK) Technology Select Sector SPDR Fund to hold trendline support and turn higher over the next week.

If your focus is on growth, then you can’t go past these stocks, according to top Wall Street analysts.

Amazon (AMZN)

Amazon delivered upbeat Q3 results. Accelerating growth in the Amazon Web Services (AWS) cloud unit confirmed the Street’s faith in Amazon’s expansion into artificial intelligence.

In reaction to the Q3 print, several analysts have raised their price targets for Amazon. Consensus seems to rest around +$300.

Mizuho analyst, Lloyd Walmsley, sees revenue rising by 23% to $157 billion in the full year 2026, followed by a 22% increase to $192 billion in 2027.

The bullish thesis is also supported by automation in fulfillment centres and enhanced logistics networks.

(Buy Amazon on dips)

Alphabet (GOOGL)

The company reported better-than-expected Q3 results, with AI driving solid momentum in its cloud business.

JPMorgan analyst Doug Anmuth has raised his price target for Alphabet to $340 from $300 and reaffirmed a buy rating. The analyst is encouraged by the surge in Google Cloud’s backlog to $155 billion. (Buy GOOGL on dips)

Advanced Micro Devices (AMD)

Chipmaker, AMD delivered strong results in the Q3 and attributed those stronger earnings and revenue to its expanding compute business and fast-growing AI data centre segment. Price targets are located at $280 and $285. AMD expects Q4 revenue growth will be supported by strong performances in its data centre, client, and embedded businesses, partially offset by a double-digit decline in the gaming segment.

Several analysts expect AMD’s data centre AI GPU business to increase to a range of $6 billion to $6.5 billion FY25, versus a prior estimate of $5 billion. Furthermore, AMD’s recently announced deals with OpenAI and Oracle Cloud Infrastructure, provide clarity on the longer-term growth outlook in its data centre AI business. (Buy AMD on dips)

MARKET UPDATE

S&P500

The index has been moving lower from the Oct 29 high at 6920. A break below 6660/85 would argue a more significant rolling over. Expect a bit of messy price action this week. If we do not close below the 6660 area, we can see a rally for the next few weeks.

Resistance: 6765/75

Support: 6685

GOLD

Gold is showing messy behaviour. Still digesting the huge rally. Wide-ranging may replace the vertical rally of the last couple of months for a while.

Resistance: $4055, $4075/85 and $4140 ~

Support: Aug. low $3322 and $3840

BITCOIN

The coin has been moving lower over the last few months. More downside is expected, but the 95.5/96.0k area is seen as pivotal. Below this area downside could accelerate.

Resistance: 103.4/103.9k

Support: 98.9k

TRADE CORNER

As well as the tech stocks noted above, the stocks shown here are also in good buy zones and could rally higher into year end.

Uranium Energy Corp. (UEC) $12.20

(UEC) has pulled back to the 50%Fib and looks set to rally higher. The RSI is sub-40 and volume is strong.

Uranium is an energy source that will be in strong demand, particularly as a powerhouse for AI.

Here are some ideas for bull call spreads, or you can just buy the stock, or do both.

Buy the 13/14 bull call spread at a cost of $0.33 (one contract) Expiration = Feb. 20, 2026

Buy UEC 13 call

Sell UEC 14 call

For one contract – Max Profit = 67. Max Loss = -33.

For five contracts – MP = 335. Max Loss = -165.

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

14/15 bull call spread. Expiration = Feb. 20, 2026

Buy UEC 14 call

Sell UEC 15 call

5 contracts at a cost of 0.15 (per contract) Max Profit = 425. Max Loss = -75.

Vertiv Holdings $179.80

Vertiv has bounced off the 236 Fib – making a shallow pullback. Volume is strong and the RSI has unwound from its overbought position.

Bull call spread idea

185/190 strikes. Expiration = Feb. 20, 2026

Cost = 1.87 (one contract)

Buy VRT 185 call

Sell VRT 190 call

Max Profit – 313

Max Loss = 187

For five contracts –

Max Profit = 1,565

Max Loss = 935

Roblox Corp. (RBLX) $106.84

Roblox has bounced off the 50% Fib just above the 200 MA. The RSI is extremely oversold. It’s interesting to note that the volume is still high. Gaming interest spans across all generations. It is not only the young that are obsessed with it. Baby Boomers are also drawn to the gaming world. So, companies like Roblox will continue to do well.

Bull call spread idea

110/115 strikes. Expiration = Feb. 20, 2026. Cost = 1.97

Buy RBLX 110 call

Sell RBLX 115 call

1 contract = Max profit – 303. Max Loss – 197

5 contracts

Max Profit = 1,515.00

Max Loss = 985

You will see I have chosen a Feb. 20 expiration date. But I will be requesting that you take profits at least three weeks before expiration. I am expecting some volatility in January.

It is totally up to you if you want to enter these trade ideas or buy the stocks. If you do take these positions, please trade responsibly. Place a stop loss. Make sure you can sleep at night.

HISTORY CORNER

On November 10^th