Pre-opening Comments for Tuesday December 24^th

U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:30 AM EST.

Avista Medical advanced $0.99 to $12.74 after receiving FDA approval for a system to treat smaller wounds.

Limoneira dropped $1.82 to $25.01 after lowering 2025 revenue guidance.

International Seaways advanced $2.48 to $36.26 on news that the stock is to be added to the S&P 600 Small Cap Index

EquityClock’s Stock Market Outlook for December 24^th

The rising trend in the bond market has been broken, removing a tailwind that has worked to support equity prices for at least the past year. See:

https://equityclock.com/2024/12/23/stock-market-outlook-for-december-24-2024/

Closing times for North American equity markets:

Today, TSX closes at 12:50 PM EST with NYSE and NASDAQ closing at 1:00 PM EST. All markets are closed on Wednesday. TSX is closed on Thursday. Next Tech Talk report is to be released on Friday December 27^th .

Technical Notes

Imperial Oil $IMO.TO a TSX 60 stock moved below Cdn$88.20 extending an intermediate downtrend.

Wheaton Precious Metals $WPM.TO a TSX stock moved below Cdn$81.52 completing a double top pattern.

Saputo $SAP.TO a TSX 60 stock moved below Cdn$24.78 to a 29 month low extending an intermediate downtrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for December 23^rd 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 23^rd 2024

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for December 23^rd 2024

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Hightower’s Stephanie Link on her top stock picks for 2025

Hightower’s Stephanie Link on her top stock picks for 2025 – YouTube

Market is ‘absolutely’ primed for a 10% correction, says DCLA’s Sarat Sethi

Market is ‘absolutely’ primed for a 10% correction, says DCLA’s Sarat Sethi – YouTube

The Greatest Chart In The Stock Market: Dan Nathan and Guy Adami.

https://www.youtube.com/watch?v=eBAaCO5SIRo

Market levels will represent a ‘set up’ at some point, says Charles Schwab’s Liz Ann Sonders

Market levels will represent a ‘set up’ at some point, says Charles Schwab’s Liz Ann Sonders – YouTube

Needham’s Laura Martin gives her Big Tech picks in 2025

Needham’s Laura Martin gives her Big Tech picks in 2025 – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 0.20 to 26.80. It remains Oversold. Early technical signs of a bottom have arrived.

The long term Barometer added 0.60 to 57.08. It remains Neutral.

TSX Momentum Barometers

The long term Barometer added 1.83 to 28.31. It remains Oversold. Early technical signs of a bottom have arrived.

The long term Barometer added 1.37 to 51.19. It remains Neutral. Early technical signs of a bottom have arrived.

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 December 24, 2024 Stock Market Outlook for December 23, 2024 Stock Market Outlook for December 20, 2024 Stock Market Outlook for December 19, 2024 Stock Market Outlook for December 18, 2024