{"id":171675,"date":"2023-11-28T02:22:00","date_gmt":"2023-11-28T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=171675"},"modified":"2023-11-28T10:26:41","modified_gmt":"2023-11-28T15:26:41","slug":"tech-talk-for-tuesday-november-28th-2023-2","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/11\/28\/tech-talk-for-tuesday-november-28th-2023-2\/","title":{"rendered":"Tech Talk for Tuesday November 28th 2023"},"content":{"rendered":"

Pre-opening Comments for Tuesday November 28th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 7 points at 8:30 AM EST.<\/em><\/p>\n

Scotia Bank<\/b> dropped $1.25 to Cdn$59.00 after reporting less than consensus fiscal fourth quarter earnings. <\/em><\/p>\n

\"clip_image001[1]\"<\/a><\/p>\n

Boeing<\/b> gained $4.25 to $223.55 after RBC upgraded the stock to Outperform.<\/em><\/p>\n

\"clip_image002[1]\"<\/a><\/p>\n

Canada Goose<\/b> added $0.30 to $10.95 after acquiring a manufacturing facility in Romania. <\/em><\/p>\n

\"clip_image003[1]\"<\/a><\/p>\n

Carnival<\/b> added $0.05 to $14.67 after Melius upgraded the stock to Buy.<\/em><\/p>\n

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 <\/p>\n

EquityClock\u2019s Daily Comment<\/strong><\/font><\/em><\/p>\n

Headline reads \u201cThe market has reached a logical point to digest recent strength as it enters the normal tax-loss selling period<\/strong>\u201d.<\/em><\/p>\n

https:\/\/equityclock.com\/2023\/11\/27\/stock-market-outlook-for-november-28-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

Technical Notes<\/strong><\/font><\/p>\n

Gold ETN<\/b> $GLD moved above $186.36 extending an intermediate uptrend. <\/p>\n

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Agnico-Eagle<\/b> $AEM a TSX 60 stock moved above US$50.68 and US$50.84 completing a reverse Head & Shoulders pattern.<\/p>\n

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Shopify <\/b>advanced $4.25 to Cdn$100.51 after reporting a 22% increase in Black Friday sales<\/p>\n

\"clip_image003\"<\/a><\/p>\n

Canadian Pacific<\/b> $CP.TO a TSX 60 stock moved below Cdn$94.94 extending an intermediate downtrend.<\/p>\n

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 <\/p>\n

Trader\u2019s Corner<\/strong><\/font><\/p>\n

<\/font><\/strong><\/p>\n

Equity Indices and Related ETFs<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Equity Trends for Nov.27th<\/sup> 2023<\/p>\n

\"clip_image006\"<\/a><\/p>\n

Green: Increase from previous day<\/p>\n

Red: Decrease from previous day<\/p>\n

Source for all positive seasonality ratings: www.EquityClock.com<\/a><\/p>\n

 <\/p>\n

Commodities<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Commodities Trends for Nov.27th<\/sup> 2023<\/p>\n

\"clip_image008\"<\/a><\/b><\/p>\n

Green: Increase from previous day<\/b><\/p>\n

Red: Decrease from previous day<\/p>\n

 <\/p>\n

Sectors<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Sector Trends for November 27th<\/sup> 2023 <\/p>\n

\"clip_image010\"<\/a><\/p>\n

Green: Increase from previous day<\/p>\n

Red: Decrease from previous day<\/p>\n

 <\/p>\n

Jeff Parent on BNN<\/strong><\/font><\/p>\n

Jeff Parent from CastleMoore was the guest analyst on BNN yesterday. Following is a link to his top picks.<\/p>\n

https:\/\/www.bnnbloomberg.ca\/video\/jeff-parent-s-top-picks~2816503<\/a><\/p>\n

 <\/p>\n

Links offered by valued providers<\/strong><\/font><\/p>\n

Market secrets revealed: David Keller<\/b><\/p>\n

Market Secrets Revealed! Final Bar Mailbag – US Dollar, S&P 500 ETF, Fibonacci Pivots (11.27.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

How To Time Your Trade Entries & Exits Like a Pro | Decision Point Trading Room <\/b><\/p>\n

Note comments on U.S. Dollar, Gold, Gold Miners and Silver<\/b><\/p>\n

How To Time Your Trade Entries & Exits Like a Pro | DecisionPoint Trading Room (11.27.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

S&P 500 Momentum Barometers<\/strong><\/font><\/p>\n

\"clip_image011\"<\/a><\/p>\n

The intermediate term Barometer slipped 1.00 to 75.00. It remains Overbought.<\/p>\n

\"clip_image012\"<\/a><\/p>\n

The long term Barometer slipped 0.60 to 57.20. It remains Neutral.<\/p>\n

 <\/p>\n

TSX Momentum Barometers<\/strong><\/font><\/p>\n

\"clip_image013\"<\/a><\/p>\n

The intermediate term Barometer slipped 0.44 to 60.79. It remains Overbought.<\/p>\n

\"clip_image014\"<\/a><\/p>\n

The long term Barometer slipped 0.88 to 44.49. It remains Neutral.<\/p>\n

 <\/p>\n

Disclaimer:<\/b> Seasonality ratings and technical ratings offered in this report and at<\/em><\/p>\n

www.equityclock.com<\/em><\/a> 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<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Pre-opening Comments for Tuesday November 28th U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:30 AM EST. Scotia Bank dropped $1.25 to Cdn$59.00 after reporting less than consensus fiscal fourth quarter earnings. Boeing gained $4.25 to $223.55 after RBC upgraded the stock to Outperform. Canada Goose added […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-171675","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/171675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/comments?post=171675"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/171675\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=171675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=171675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=171675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}