Technical Notes
South Korea iShares $EWY moved below $55.69 extending an intermediate downtrend. Units responded to news that the government invoked emergency martial law. Units subsequently recovered on news that the President lifted the martial law order.
Meta Platform $META an S&P 100 stock moved above $602.95 to an all-time high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for December 3rd 2024
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 December 3rd 2024
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for December 3rd 2024
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Can You Really Predict Stock Market Success Using the Yield Curve? David Keller
Can You Really Predict Stock Market Success Using the Yield Curve? – YouTube
RBC’s Lori Calvasina on her S&P 500 target of 6,600 by end of 2025
RBC’s Lori Calvasina on her S&P 500 target of 6,600 by end of 2025 – YouTube
Financials Primed to Beat Tech in December! Julius de Kempenaer
Financials Primed to Beat Tech in December! – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 3.80 to 64.00. It remains Overbought.
The long term Barometer dropped 1.60 to 74.40. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer jumped 10.95 to 68.49. It changed from Neutral to Overbought on a move above 60.00. Daily trend is up.
The long term Barometer added 0.91 to 76.26. It remains Overbought. Daily trend is up.
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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Equity Clock Publications