{"id":4107,"date":"2026-11-05T02:15:15","date_gmt":"2026-11-05T02:15:15","guid":{"rendered":"http:\/\/blog.valuengine.com\/?p=4107"},"modified":"2026-11-05T02:18:13","modified_gmt":"2026-11-05T02:18:13","slug":"11-05-2026-valuengine-is-tech-oversold-following-trend-reversals","status":"publish","type":"post","link":"http:\/\/blog.valuengine.com\/index.php\/11-05-2026-valuengine-is-tech-oversold-following-trend-reversals\/","title":{"rendered":"11\/05\/2026 ValuEngine: Will This November Follow Positive Calendar Trends?"},"content":{"rendered":"

We have been fortunate enough to have had excellent timing with our forecasts in this space four times earlier this year and pointed that out each time.\u00a0 In all humility, we must point out that last week\u2019s headline asking whether it was time for undervalued tech stocks to shine. This could not have been timed more dreadfully.\u00a0 Just ask owners of Google (<\/span>GOOGL<\/b>), a top-rated <\/span>5 <\/b>(strong buy) stock at what our model told us was a reasonable valuation.\u00a0 It declined 11.7% last week, bringing its October price change down to -17.2%. This took its year-to-date price change all the way down to -11.2%, after it had closed September with a modestly positive year-to-date price gain.\u00a0 What a difference a month can make.\u00a0 Its report caused a chain reaction among tech stocks.\u00a0<\/span><\/p>\n

Trade ValuEngine supported portfolio strategies,<\/b> www.ValuEngineCapital.com<\/b><\/a><\/p>\n

Despite a robust Q3 (calendar-wise) earnings reporting season characterized by widespread positive surprises, technology stocks have been aggressively beaten down as investors focus heavily on soaring capital expenditure and slowing monetization timelines.The selling pressure intensified as an after-effect of the negative Wall Street reaction to Elon Musk\u2019s high-theatrics “flying car” Tesla Roadster demonstration, which stoked broader concerns that top tech leadership is prioritizing speculative, regulatory-blocked sci-fi projects over immediate core profitability. This technical pullback in major growth companies has dragged index heavyweights like Alphabet down by double digits, forcing institutional desks to aggressively re-evaluate entry boundaries, and separate temporary valuation compression from structural weakness.<\/span><\/p>\n

Here is an updated chart of how the market has performed quarter-to-date (just October thus far) and year-to-date in 2026.\u00a0<\/span><\/p>\n

Current ValuEngine reports on all covered 5000+ stocks and ETFs can be viewed <\/b>HERE<\/b><\/a><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Company Name<\/b><\/td>\nTicker<\/b><\/td>\nConstant<\/b><\/td>\n4th QTD Price Change<\/b><\/td>\nYTD Price Change<\/b><\/td>\nForward P\/E<\/b><\/td>\nDividend Yield<\/b><\/td>\n<\/tr>\n
S<\/b>tate Street SPDR Portfolio S&P 500 ETF<\/b><\/td>\nSPYM<\/span><\/td>\n4<\/span><\/td>\n-1.08%<\/span><\/td>\n10.65%<\/span><\/td>\n22.3x<\/span><\/td>\n1.32%<\/span><\/td>\n<\/tr>\n
Invesco NASDAQ 100 ETF<\/b><\/td>\nQQQM<\/span><\/td>\n5<\/span><\/td>\n-6.95%<\/span><\/td>\n12.64%<\/span><\/td>\n26.5x<\/span><\/td>\n0.61%<\/span><\/td>\n<\/tr>\n
Vanguard Russell 2000 ETF<\/b><\/td>\nVTWO<\/span><\/td>\n3<\/span><\/td>\n0.11%<\/span><\/td>\n12.28%<\/span><\/td>\n15.8x<\/span><\/td>\n2.54%<\/span><\/td>\n<\/tr>\n
SPDR Portfolio S&P 400 Mid Cap ETF<\/b><\/td>\nSPMD<\/span><\/td>\n3<\/span><\/td>\n0.83%<\/span><\/td>\n9.42%<\/span><\/td>\n16.2x<\/span><\/td>\n1.15%<\/span><\/td>\n<\/tr>\n
Vanguard Morningstar Value ETF<\/b><\/td>\nVTV<\/span><\/td>\n3<\/span><\/td>\n5.22%<\/span><\/td>\n18.26%<\/span><\/td>\n17.2x<\/span><\/td>\n4.09%<\/span><\/td>\n<\/tr>\n
Vanguard Morningstar Growth ETF<\/b><\/td>\nVUG<\/span><\/td>\n4<\/span><\/td>\n-5.73%<\/span><\/td>\n4.97%<\/span><\/td>\n34.7x<\/span><\/td>\n0.34%<\/span><\/td>\n<\/tr>\n
Schwab U.S. Dividend Equity ETF<\/b><\/td>\nSCHD<\/span><\/td>\n2<\/span><\/td>\n9.55%<\/span><\/td>\n29.03%<\/span><\/td>\n16.5x<\/span><\/td>\n3.42%<\/span><\/td>\n<\/tr>\n
Innovator U.S. Equity Power Buffer ETF – October<\/b><\/td>\nBUFR<\/span><\/td>\nN\/A<\/span><\/td>\n0.20%<\/span><\/td>\n6.20%<\/span><\/td>\n19.8x<\/span><\/td>\n0.00%<\/span><\/td>\n<\/tr>\n
Vanguard FTSE All-World ex-US ETF<\/b><\/td>\nVEU<\/span><\/td>\nN\/A<\/span><\/td>\n-2.32%<\/span><\/td>\n7.87%<\/span><\/td>\n13.9x<\/span><\/td>\n2.85%<\/span><\/td>\n<\/tr>\n
iShares Core MSCI Emerging Markets ETF<\/b><\/td>\nIEMG<\/span><\/td>\nN\/A<\/span><\/td>\n-8.64%<\/span><\/td>\n10.35%<\/span><\/td>\n12.4x<\/span><\/td>\n1.21%<\/span><\/td>\n<\/tr>\n
SPDR Gold MiniShares Trust<\/b><\/td>\nGLDM<\/span><\/td>\nN\/A<\/span><\/td>\n-7.00%<\/span><\/td>\n-10.39%<\/span><\/td>\nN\/A<\/span><\/td>\n0.00%<\/span><\/td>\n<\/tr>\n
Morgan Stanley Bitcoin Trust<\/b><\/td>\nMSBT<\/span><\/td>\nN\/A<\/span><\/td>\n-9.59%<\/span><\/td>\n-14.88%<\/span><\/td>\nN\/A<\/span><\/td>\n0.00%<\/span><\/td>\n<\/tr>\n
iShares 20+ Year Treasury Bond ET<\/b><\/td>\nTLT<\/span><\/td>\nN\/A<\/span><\/td>\n-5.96%<\/span><\/td>\n5.31%<\/span><\/td>\nN\/A<\/span><\/td>\n3.88%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Free Trial<\/b>: Direct Access to ValuEngine Research on over 5,000 stocks and 700 ETFs <\/span>HERE<\/span><\/a><\/p>\n