{"id":172569,"date":"2023-12-29T02:22:00","date_gmt":"2023-12-29T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=172569"},"modified":"2023-12-29T08:49:51","modified_gmt":"2023-12-29T13:49:51","slug":"tech-talk-for-friday-december-29th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/12\/29\/tech-talk-for-friday-december-29th-2023\/","title":{"rendered":"Tech Talk for Friday December 29th 2023"},"content":{"rendered":"

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

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

UnitedHealth Group<\/b> added $3.10 to 528.00 after booking a $7 billion charge following a deal to sell its Brazil operations. <\/em><\/p>\n

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

Jabil <\/b>slipped $0.58 to $127.40 after lowering its fiscal second quarter outlook.<\/em><\/p>\n

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Expedia <\/b>added $0.90 to $154.18 after Ascendiant Capital raised its target price from $133 to $168.<\/em><\/p>\n

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 <\/p>\n

Next Tech Talk report<\/strong><\/font><\/p>\n

Next report is to be released next year (!)   On Tuesday, January 2nd, 2024. Monday is a holiday in most equity markets.<\/p>\n

 <\/p>\n

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

Lithium<\/b> ETN $LIT moved above intermediate resistance at $51.00.<\/p>\n

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McDonald\u2019s<\/b> $MCD a Dow Jones industrial Average stock moved above $295.98 to an all-time high extending an intermediate uptrend. <\/p>\n

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Amgen<\/b> $AMGN an S&P 100 stock moved above $286.21 to an all-time high extending an intermediate uptrend.<\/p>\n

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Citigroup<\/b> $C an S&P 100 stock moved above $51.55 extending an intermediate uptrend. <\/p>\n

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Early technical signs of encouragement by Chinese equities\/related ETFs?<\/b><\/p>\n

FXI moving above $23.82 completing a short term double bottom pattern!<\/b><\/p>\n

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

<\/strong><\/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.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

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.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

 <\/p>\n

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

Daily Seasonal\/Technical Sector Trends for Dec.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

 <\/p>\n

Link offered by a valued provider<\/strong><\/font><\/p>\n

David Rosenberg: Why the so-called soft landing is just the calm before the storm<\/b><\/p>\n

David Rosenberg: Why the so-called soft landing is just the calm before the storm (msn.com)<\/a><\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer slipped 0.60 to 89.60. It remains Overbought.<\/p>\n

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The long term Barometer added 0.60 to 79.00, a 27 month high. It remains Overbought. Daily trend remains up.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer dropped 3.56 to 73.33. It remains Overbought. <\/p>\n

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

The long term Barometer slipped 0.89 to 60.89. 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 Friday December 29th U.S. equity index futures were mixed this morning. S&P 500 futures unchanged at 8:30 AM EST. UnitedHealth Group added $3.10 to 528.00 after booking a $7 billion charge following a deal to sell its Brazil operations. Jabil slipped $0.58 to $127.40 after lowering its fiscal second quarter outlook. Expedia […]<\/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-172569","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/172569","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=172569"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/172569\/revisions"}],"predecessor-version":[{"id":172577,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/172569\/revisions\/172577"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=172569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=172569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=172569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}