{"id":171800,"date":"2023-11-30T23:09:21","date_gmt":"2023-12-01T04:09:21","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=171800"},"modified":"2023-12-01T08:50:45","modified_gmt":"2023-12-01T13:50:45","slug":"tech-talk-for-friday-december-1st-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/11\/30\/tech-talk-for-friday-december-1st-2023\/","title":{"rendered":"Tech Talk for Friday December 1st 2023"},"content":{"rendered":"

Pre-opening Comments for Friday December 1st<\/sup> 2023<\/strong><\/font><\/em><\/p>\n

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

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

Canadian Dollar added 0.05 to US78.88 cents following release of Canada\u2019s November Employment Report.<\/b> Consensus was an increase in employment of 14,000 versus a gain of 17,500 in October. Actual was an increase of 24,900. Consensus was an increase in the Unemployment Rate to 5.8% from 5.7% in October. Actual was an increase to 5.8%.<\/em><\/p>\n

Tesla<\/b> dropped $4.43 to $235.65 after launching its Cybertruck at a higher than expected price.<\/em><\/p>\n

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Dell<\/b> fell $3.27 to $72.60 after reporting less than consensus third quarter revenues. The company also guided to lower fourth quarter revenues. <\/em><\/p>\n

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Ulta Beauty<\/b> advanced $52.64 to $478.25 after reporting higher than consensus third quarter earnings. The company also offered positive fourth quarter guidance. <\/em><\/p>\n

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Raymond James<\/b> added $0.41 to 4105.56 after raising its dividend. The company also extended its $1.5 billion share buyback program.<\/em><\/p>\n

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

Headline reads \u201cDecember continues the positivity in the equity market with the S&P 500 Index averaging a gain of 0.9% with 70% of periods closing higher<\/strong>\u201d.<\/em><\/p>\n

https:\/\/equityclock.com\/2023\/11\/30\/stock-market-outlook-for-december-1-2023\/<\/em><\/a><\/p>\n

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

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

Dow Jones Industrial Average<\/b> moved above 35,679.13 extending an intermediate uptrend. Dow Jones Industrial Average SPDRs<\/b> $DIA moved above $356.07 to an all-time high extending an intermediate uptrend. <\/p>\n

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NASDAQ Biotech iShares<\/b> $IBB moved above $120.88 completing a double bottom pattern. First Trust Biotech<\/b> ETF<\/b> $FBT moved above $141.47 also completing a double bottom pattern. <\/p>\n

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Salesforce.com<\/b> $CRM a Dow Jones Industrial Average stock moved above $238.22 extending an intermediate uptrend. <\/p>\n

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Dollar Tree<\/b> $DLTR a NASDAQ 100 stock moved above $122.19 extending an intermediate uptrend.<\/p>\n

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Commerce Bank<\/b> $CM.TO a TSX 60 stock moved above intermediate resistance at $54.44 and $54.98.<\/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.30th<\/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

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

 <\/p>\n

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

Daily Seasonal\/Technical Commodities Trends for Nov.30th<\/sup> 2023<\/p>\n

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

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

 <\/p>\n

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

Daily Seasonal\/Technical Sector Trends for November 30th<\/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

 <\/p>\n

Seasonality Chart of the Day<\/strong><\/font><\/p>\n

Technicals for biotech ETFs are turning positive just before start of a period of seasonal strength.<\/p>\n

According to www.EquityClock.com<\/a>, seasonal influences are optimal from December 13th<\/sup> to April 6th<\/sup>. ETF Choices include FBT, IBB and BBH.<\/p>\n

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 <\/p>\n

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

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

Sprott Digest: Uranium Outlook 2024, Fed Action & Options for Precious Metals<\/b><\/p>\n

Uranium Market Outlook 2024 (sprott.com)<\/a><\/p>\n

 <\/p>\n

This is Why You Must Monitor Topping Candles | Trading Places (11.30.23)<\/b><\/p>\n

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

This is Why You Must Monitor Topping Candles | Trading Places (11.30.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

The 5 MOST Important Candlesticks to Watch | Stock Talk (11.30.23)<\/b><\/p>\n

The 5 MOST Important Candlesticks to Watch | Stock Talk (11.30.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

How the SMART MONEY Finds Value Against The Crowd | Your Daily Five (11.30.23)<\/b><\/p>\n

How the SMART MONEY Finds Value Against The Crowd | Your Daily Five (11.30.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 3.60 to 80.20. It remains Overbought. Daily trend remains up.<\/p>\n

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The long term Barometer added 1.40 to 61.00. It changed from Neutral to Overbought on a moved above 60.00. Daily trend remains up.<\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 0.88 to 65.64. It remains Overbought. Daily trend remains up.<\/p>\n

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The long term Barometer slipped 1.32 to 45.37. 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 Friday December 1st 2023 U.S equity index futures were lower this morning. S&P 500 futures were down 8 points at 8:35 AM EST. Canadian Dollar added 0.05 to US78.88 cents following release of Canada\u2019s November Employment Report. Consensus was an increase in employment of 14,000 versus a gain of 17,500 in October. […]<\/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-171800","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/171800","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=171800"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/171800\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=171800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=171800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=171800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}