Pre-opening Comments for Tuesday December 31^st

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

FTAI Aviation advanced $6.48 to $132.93 after offering positive earning guidance for 2025.

CompuSecure added $1.15 to $16.80 on news of a planned spinoff.

Affinity Bancshares dropped $4.80 to $17.00 after ending an acquisition deal for APCU.

Verisign added $4.82 to $209.92 on news that Berkshire Hathaway added to its position in the stock.

EquityClock’s Stock Market Outlook for December 31^st

While the deterioration in the technicals is enticing to continue downgrading various segments of the market, we are highly reluctant to flip to a negative view while navigating through this notoriously positive period at year-end. See:

https://equityclock.com/2024/12/30/stock-market-outlook-for-december-31-2024/

Technical Notes

Natural Gas ETN $UNG moved above $16.80 extending an intermediate uptrend.

Mexico iShares $EWW moved below $47.15 to a 27 month low extending an intermediate downtrend.

Lithium ETN $LIT moved below $41.47 completing a double top pattern.

Platinum ETN $PPLT moved below $82.57 extending an intermediate downtrend.

TSX Gold iShares $XGD.TO moved below Cdn20.90 extending an intermediate downtrend.

Wheaton Precious Metals $WPM.TO a TSX 60 stock moved below Cdn$81.52 and $80.16 completing a Head & Shoulders pattern.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for December 30^th 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 30^th 2024

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for December 30^th 2024

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

The Hidden Risks For Markets In 2025: Yields, The Debt Ceiling & AI Euphoria: Guy Adami and Danny Moses

https://www.youtube.com/watch?v=bTvLIZHkPVs

Could the TSX outperform in 2025? BNN

Could the TSX outperform in 2025? – YouTube

Wharton’s Jeremy Siegel on the likelihood of a market correction next year

Wharton’s Jeremy Siegel on the likelihood of a market correction next year – YouTube

S&P 500 Momentum Barometers

Intermediate term Barometer dropped 6.80 to 20.20. It remains Oversold. Testing a low?

The long term Barometer dropped 1.60 to 56.00. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer dropped 2.24 to 29.60. It remains Oversold.

The long term Barometer dropped 3.14 to 58.74. It changed from Overbought to Neutral on a drop back below 60.00.

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

More from the network: Stock Market Outlook for January 3, 2025 Stock Market Outlook for January 2, 2025 Stock Market Outlook for December 31, 2024 Stock Market Outlook for December 30, 2024 Happy Holidays!