Tech Talk for Wednesday November 27th 2024

Daily Reports Add comments

Technical Notes

S&P 500 Index and its related iShares: SPY closed at an all-time high extending an intermediate uptrend.

clip_image001

Utilities SPDRs $XLU moved above $82.50 to an all-time high extending an intermediate uptrens.

clip_image002

DexCom $DXCM a NASDAQ 100 stock moved above $77.77 completing a double bottom pattern.

clip_image003

Cintas $CTAS a NASDAQ 100 stock moved above $226.95 to a all-time high extending an intermediate uptrend.

clip_image004

Trader’s Corner

clip_image006

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for November 26th 2024

clip_image008

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 26th 2024

clip_image010

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for November 26th 2024

clip_image012

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Five Must-Have Tools for Analyzing Stock Charts: David Keller

Five Must-Have Tools for Analyzing Stock Charts – YouTube

Investors should trim into the riskiest parts of the market, says John Hancock’s Emily Roland

Investors should trim into the riskiest parts of the market, says John Hancock’s Emily Roland – YouTube

Expect Tech to Drag & Airlines to Soar, SPX Retests 6,000: Schwab Network

Discusses sectors that benefit from the “Santa Claus Rally”

Expect Tech to Drag & Airlines to Soar, SPX Retests 6,000 – YouTube

MSTR & Bitcoin’s Crypto Link, Gold & Crypto ETFs to Watch: Schwab Network

MSTR & Bitcoin’s Crypto Link, Gold & Crypto ETFs to Watch – YouTube

Oil prices are now ‘a touch too low’ relative to inventory, says Goldman Sachs’ Daan Struyven

Oil prices are now ‘a touch too low’ relative to inventory, says Goldman Sachs’ Daan Struyven – YouTube

S&P 500 Momentum Barometers

clip_image013

The intermediate term Barometer slipped 0.40 to 68.80. It remains Overbought.

clip_image014

The long term Barometer dropped 1.40 to 75.40. It remains Overbought.

TSX Momentum Barometers

clip_image015

The intermediate term Barometer dropped 3.65 to 55.71. It remains Neutral.

clip_image016

The long term Barometer dropped 1.83 to 73.52. 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




Leave a Reply

Entries RSS Comments RSS Log in