Pre-opening Comments for Friday November 25th
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade.
U.S. equity markets close today at 1:00 PM EST.
Peoples Bank of China has lowered its lending rate to major Chinese banks by 0.25%.
Activision Blizzard dropped $2.59 to $74.00 on reports that the Federal Trade Commission may launch an anti-trust lawsuit against Microsoft’s propose acquisition of the company.
![clip_image001[1]](https://timingthemarket.ca/techtalk/wp-content/uploads/2022/11/clip_image0011-11.png "clip_image001[1]")
Deere slipped $0.09 to $437.43 despite JP Morgan’s target increase from $415 to $440.
EquityClock’s Daily Comment
Headline reads “A spike in jobless claims in the past week provides reason for concern, but not necessarily reason for panic, yet”.
http://www.equityclock.com/2022/11/23/stock-market-outlook-for-november-25-2022/
Technical Note for Yesterday
Canadian National Railway $CNR.TO a TSX 60 stock moved above Cdn$169.80 to an all-time high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for November 24th 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for November 24th 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for November 24th 2021
Green: Increase from previous day
Red: Decrease from previous day
TSX Momentum Barometers
The intermediate term Barometer added 3.39 to 81.36. It remains Overbought. Trend remains up.
The long term Barometer was unchanged at 52.54. It remains Neutral.
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
|
|
November 26th, 2022 at 12:12 am
Eric Nuttall was on Market call today
https://www.bnnbloomberg.ca/market-call/full-episode-market-call-for-friday-november-25-2022~2566073
November 27th, 2022 at 1:18 am
Big mistake for Canada’s soccer team coach to make a nasty comment about the Croatian team. All that will do is pump up the Croatian team………………..I wouldn’t bet a dime on Canada’s chance of winning now. It never pays to bad mouth another team before a match.
November 27th, 2022 at 11:00 am
Dave/AB re: #1
Thanks for the Eric Nuttall link. The first seven minutes or so of the video were particularly interesting. Mr. Nuttall presents an interesting argument on the potential for the price of oil to rise to around $100/bbl. Spoiler Alert: His top picks are Tamarack, Baytex and MEG Energy.
November 27th, 2022 at 4:22 pm
Hello Flatfish
RE:3
Agree that it is very interesting. I always like his enthusiasm and his research into each company. I have to admit. I hold a few of his top picks not knowing they were his top picks. I’m happy just to be on the right track.
November 27th, 2022 at 10:43 pm
Hello Ron/BC,
Re-2
It worked out pretty well for Canada today too. Talking smack by a Coach, who’s country made to the world cup last time when he was barely learning how to tie shoe laces, bite one in the A$$ mostly.
But atleast we are not the first country to be eliminated from the Cup. Hosts got that cake.
We might win that pride in next cup.
November 28th, 2022 at 1:02 am
Kam
I hope next time the coach says he’s honored to be playing against such a formidable team and we just might win the match. The key is not to put the other team down so they don’t come out pissed off and vengeful. Not when they are so talented.