{"id":172534,"date":"2023-12-28T02:22:00","date_gmt":"2023-12-28T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=172534"},"modified":"2023-12-28T08:56:38","modified_gmt":"2023-12-28T13:56:38","slug":"tech-talk-for-thursday-december-28th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/12\/28\/tech-talk-for-thursday-december-28th-2023\/","title":{"rendered":"Tech Talk for Thursday December 28th 2023"},"content":{"rendered":"

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

U.S. equity index futures were mixed this morning<\/b>. S&P 500 futures were up 1 point at 8:30 AM EST.<\/em><\/p>\n

Microsoft<\/b> added $0.76 to $374.83 after Wedbush raised its target from $425 to $450.<\/em><\/p>\n

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

Livent g<\/b>ained $0.21 to $18.11 after Mizuho raised its target price from $15 to $20.<\/em><\/p>\n

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

SQM <\/b>advanced $3.08 to $64.05 after the company arranged a partnership to develop lithium in Chile.<\/em><\/p>\n

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

Netflix<\/b> added $2.08 to $493.97 after KeyBanc raised its target price from $510 to $525.<\/em><\/p>\n

\"clip_image004\"<\/a><\/p>\n

 <\/p>\n

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

Restaurant Brands International<\/b> $QSR.TO a TSX 60 stock moved above Cdn$102.32 to an all-time high extending an intermediate uptrend.<\/p>\n

\"clip_image001\"<\/a><\/p>\n

Open Text<\/b> $OTEX a TSX 60 stock moved above US$42.71 extending an intermediate uptrend. <\/p>\n

\"clip_image002\"<\/a><\/p>\n

Gold bullion $GOLD closed at an all-time closing high at U.S. $2,093.10.<\/p>\n

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

 <\/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 Dec.27th<\/sup> 2023<\/p>\n

\"clip_image005\"<\/a><\/p>\n

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

 <\/p>\n

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

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

\"clip_image007\"<\/a><\/b><\/p>\n

Green: Increase from previous day<\/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 Dec.27th<\/sup> 2023 <\/p>\n

\"clip_image009\"<\/a><\/p>\n

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

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

 <\/p>\n

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

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

Markets In Bullish Mode As We Head Toward Year End | The MEM Edge (12.22.23)<\/b><\/p>\n

Markets In Bullish Mode As We Head Toward Year End | The MEM Edge (12.22.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Charting Forward: Our 2024 Market Outlook | The Final Bar (12.27.23)<\/b><\/p>\n

Note comments on seasonality<\/b><\/p>\n

Charting Forward: Our 2024 Market Outlook | The Final Bar (12.27.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Financial charts look good going into 2024, says OptionsPlay’s Jessica Inskip<\/b><\/p>\n

Includes Ed Yardeni comment<\/b><\/p>\n

Financial charts look good going into 2024, says OptionsPlay’s Jessica Inskip \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Updated Notes from December 26th<\/sup><\/strong><\/font><\/p>\n

NASDAQ 100 Index<\/b> $NDX moved above to an all-time high. The Index was helped by intermediate breakouts by Applied Materials to an all-time high, ASML and Okta<\/p>\n

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

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

Germany iShares<\/b> $EWG moved above $29.52 extending an intermediate uptrend. <\/p>\n

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

Turkey iShares<\/b> $TUR moved below $32.47 extending an intermediate downtrend. <\/p>\n

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

 <\/p>\n

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

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

The intermediate term Barometer was unchanged at 90.20. It remains Overbought.<\/p>\n

\"clip_image015\"<\/a><\/p>\n

The long term Barometer added 0.60 to 78.40. It remains Overbought.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer added 2.22 to 76.89. It remains Overbought. Daily uptrend resumed. <\/p>\n

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

The long term Barometer was unchanged at 61.78. It remains Overbought.<\/p>\n

<\/b><\/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 Thursday December 28th U.S. equity index futures were mixed this morning. S&P 500 futures were up 1 point at 8:30 AM EST. Microsoft added $0.76 to $374.83 after Wedbush raised its target from $425 to $450. Livent gained $0.21 to $18.11 after Mizuho raised its target price from $15 to $20. SQM […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-172534","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/172534","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=172534"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/172534\/revisions"}],"predecessor-version":[{"id":172544,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/172534\/revisions\/172544"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=172534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=172534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=172534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}