{"id":171718,"date":"2023-11-28T21:38:48","date_gmt":"2023-11-29T02:38:48","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=171718"},"modified":"2023-11-29T09:36:37","modified_gmt":"2023-11-29T14:36:37","slug":"tech-talk-for-wednesday-november-29th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/11\/28\/tech-talk-for-wednesday-november-29th-2023\/","title":{"rendered":"Tech Talk for Wednesday November 29th 2023"},"content":{"rendered":"

Pre-opening Comments for Wednesday November 29th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 23 points at 8:35 AM EST.<\/em><\/p>\n

Index futures were unchanged following release of updated third quarter real GDP at 8:30 AM<\/b> EST<\/b>. Consensus was an annualized increase of 4.9%, unchanged from the previous estimate. Actual was an annualized increase of 5.2%.<\/em><\/p>\n

Intuit<\/b> gained $1.93 to $567.00 after reporting higher than consensus fiscal first quarter results. <\/em><\/p>\n

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Jabil<\/b> dropped $12.68 to $118.00 after lowering its fiscal first quarter guidance<\/em>. <\/p>\n

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Open Text<\/b> added $2.22 to Cdn$57.00 after announcing sale of its application modernization and connectivity software business for US$2.28 billion cash.<\/em><\/p>\n

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Alimentation Couche-Tard<\/b> is expected to open lower after reporting lower than consensus fiscal second quarter revenues. <\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cThe trend of shipping activity in the US continues to get worse<\/strong>\u201d.<\/em><\/p>\n

https:\/\/equityclock.com\/2023\/11\/28\/stock-market-outlook-for-november-29-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Dow Jones Industrial Average SPDRs ($DIA)<\/b> moved above $354.32 extending an intermediate uptrend. Testing its all-time high at $356.07<\/p>\n

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Gold Miners ETF<\/b> $GDX moved above $30.16 completing a reverse Head & Shoulders pattern.<\/p>\n

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Junior Gold Miners ETF<\/b> $GDXJ moved above $37.08 extending an intermediate uptrend. <\/p>\n

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TSX Gold Miners iShares<\/b> $XGD.TO moved above Cdn$17.92 completing a reverse Head & Shoulders pattern.<\/p>\n

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Barrick Gold<\/b> $ABX.TO a TSX 60 stock moved above Cdn$23.51 and US$17.14 completing reverse Head & Shoulders patterns.<\/p>\n

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Aerospace & Defense iShares<\/b> $ITA moved above $118.84 to an all-time high extending an intermediate uptrend. <\/p>\n

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Metals & Mining SPDRs <\/b>$XMA moved above $53.90 resuming an intermediate uptrend. <\/p>\n

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Platinum ETN<\/b> $PPLT moved above intermittent resistance at $86.99.<\/p>\n

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Colgate <\/b>$CL an S&P 100 stock moved above intermediate resistance at $77.88<\/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.28th<\/sup> 2023<\/p>\n

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

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

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

<\/em><\/p>\n

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

Daily Seasonal\/Technical Commodities Trends for Nov.28th<\/sup> 2023<\/p>\n

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

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

 <\/p>\n

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

Daily Seasonal\/Technical Sector Trends for November 28th<\/sup> 2023 <\/p>\n

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

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

<\/em><\/p>\n

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

Decoding The S&P’s Monthly Behavior With Sector Rotation and Insights! | Sector Spotlight (11.27.23)<\/b><\/p>\n

Decoding The S&P’s Monthly Behavior With Sector Rotation and Insights! | Sector Spotlight (11.27.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

What Are The Chances Of A Market Crash? This Indicator Says ZERO! | Trading Places (11.28.23) Note comments on the Dow Jones Transportation Average.<\/b><\/p>\n

What Are The Chances Of A Market Crash? This Indicator Says ZERO! | Trading Places (11.28.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Markets should continue to move higher into year end, says Citi’s Stuart Kaiser<\/b><\/p>\n

Markets should continue to move higher into year end, says Citi’s Stuart Kaiser \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

BofA’s Savita Subramanian on why the S&P 500 will hit 5,000 by end of 2024<\/b><\/p>\n

BofA’s Savita Subramanian on why the S&P 500 will hit 5,000 by end of 2024 \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

The market will breach summer highs before year-end, says Morgan Stanley’s Andrew Slimmon<\/b><\/p>\n

The market will breach summer highs before year-end, says Morgan Stanley’s Andrew Slimmon \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Does This Rally Have More Legs? Energy Ready To Roll | Your Daily Five (11.28.23)<\/b><\/p>\n

Note comment on gold.<\/b><\/p>\n

Does This Rally Have More Legs? Energy Ready To Roll | Your Daily Five (11.28.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

There are very few hurdles to upset the current rally, says NB Private Wealth’s Shannon Saccocia<\/b><\/p>\n

There are very few hurdles to upset the current rally, says NB Private Wealth’s Shannon Saccocia \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

\"clip_image016\"<\/a><\/p>\n

The intermediate term Barometer added 1.40 to 76.40. It remains Overbought. Daily trend remains up.<\/p>\n

\"clip_image017\"<\/a><\/p>\n

The long term Barometer added 0.80 to 58.00. It remains Neutral. Daily trend remains up.<\/p>\n

 <\/p>\n

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

\"clip_image018\"<\/a><\/p>\n

The intermediate term Barometer added 1.32 to 62.11.It remains Overbought. <\/p>\n

\"clip_image019\"<\/a><\/p>\n

The long term Barometer added 2.64 to 47.14. It remains Neutral. Daily trend remains up. <\/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 Wednesday November 29th U.S. equity index futures were higher this morning. S&P 500 futures were up 23 points at 8:35 AM EST. Index futures were unchanged following release of updated third quarter real GDP at 8:30 AM EST. Consensus was an annualized increase of 4.9%, unchanged from the previous estimate. Actual was […]<\/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-171718","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/171718","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=171718"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/171718\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=171718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=171718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=171718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}