{"id":181081,"date":"2024-11-05T02:22:00","date_gmt":"2024-11-05T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=181081"},"modified":"2024-11-05T08:56:01","modified_gmt":"2024-11-05T13:56:01","slug":"tech-talk-for-tuesday-november-5th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/11\/05\/tech-talk-for-tuesday-november-5th-2024\/","title":{"rendered":"Tech Talk for Tuesday November 5th 2024"},"content":{"rendered":"

Pre-opening Comments for Tuesday November 5th<\/sup> 2024<\/strong><\/font><\/em><\/p>\n

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U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 12 points at 8:35 AM EDT.<\/em><\/p>\n

S&P 500 futures were unchanged following release of the September U.S. Trade Report at 8:30 AM EST<\/b>. Consensus was $84.0 deficit versus $70.40 billion deficit in August. Actual was $84.4 billion deficit. <\/em><\/p>\n

Dollar Tree<\/b> advanced $4.24 to $71.05 after its Chief Executive Officer steeped down.<\/em><\/p>\n

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Restaurant Brands International<\/b> dropped $4.89 to Cdn$92.50 after reporting lower third quarter earnings. <\/em><\/p>\n

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Lattice Semiconductor<\/b> dropped $7.86 to $44.03 after reporting less than consensus third quarter earnings. <\/em><\/p>\n

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Palantir Technologies<\/b> advanced $5.30 to $46.71 after reporting higher than consensus third quarter results. <\/em><\/p>\n

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EquityClock\u2019s Stock Market Outlook for November 5th<\/sup><\/strong><\/font><\/em><\/p>\n

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Put-call ratio jumping to the highest level in over a year as traders enact hedges ahead of Tuesday\u2019s Presidential Election. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/11\/04\/stock-market-outlook-for-november-5-2024\/<\/em><\/a><\/p>\n

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

Amex Biotech ETF<\/b> $FBT moved above $174.29 extending an intermediate uptrend.<\/p>\n

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Berkshire Hathaway<\/b> $BRK.B an S&P 100 stock moved below $446.25 completing a double top pattern.<\/p>\n

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Pfizer <\/b>$PFE an S&P 100 stock moved below $27.85 setting an intermediate downtrend. <\/p>\n

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Nutrien<\/b> $NTR.TO a TSX 60 stock moved above Cdn$68.68 and Cdn$71.17 extending an intermediate uptrend. Belarus, the world\u2019s largest fertilizer producer announced plans to reduce production. <\/p>\n

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BCE<\/b> $BCE.TO a TSX 60 stock moved below Cdn$41.70 to a four year low extending an intermediate downtrend. The company announced plans to purchase U.S. internet provider Ziply for 5 billion. The company also announced a pause in dividend increases. <\/p>\n

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Canadian National Railway <\/b>$CNR.TO a TSX 60 stock moved below Cdn$149.90 extending an intermediate downtrend. <\/p>\n

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

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

Daily Seasonal\/Technical Equity Trends for November 4th<\/sup> 2024<\/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

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

Daily Seasonal\/Technical Commodities Trends for November 4th<\/sup> 2024<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for November 4th<\/sup> 2024<\/p>\n

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

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

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

Market’s set up for a very good rally into year-end no matter who wins election: Fundstrat’s Tom Lee<\/b><\/p>\n

Market’s set up for a very good rally into year-end no matter who wins election: Fundstrat’s Tom Lee \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Investors should not trade the election this week, says RBC’s Lori Calvasina<\/b><\/p>\n

Investors should not trade the election this week, says RBC’s Lori Calvasina \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Adrian Day on Risk Management, Fed Rate Cuts and Inflationary Pressures: David Keller<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=l-83JPWCItw<\/a><\/p>\n

 <\/p>\n

Stock Jitters Into The Election: Dan Nathan and Carter Worth<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=tfZGEScObJw<\/a><\/p>\n

 <\/p>\n

The biggest issue no one talked about during the U.S. election campaign: David Skarica<\/b><\/p>\n

The National Debt \u2013 The Biggest Issue No One Talked About on the Campaign ! \u2013 November 4th 2024 SCOTDAY | David Skarica Addicted to Profits<\/a><\/p>\n

 <\/p>\n

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

The bear market is coming and it\u2019s going to be painful: Mark Hulbert <\/b><\/p>\n

https:\/\/www.marketwatch.com\/story\/the-bear-market-is-coming-and-its-going-to-be-painful-3380e5fa?mod=home-page<\/a><\/p>\n

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

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The intermediate term Barometer added 0.40 to 49.60. It remains Neutral.<\/p>\n

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The long term Barometer added 1.40 to 71.00. It remains Overbought.<\/p>\n

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

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The intermediate term Barometer added 4.05 to 60.36. It returned to Overbought from Neutral on a recovery above 60.00.<\/p>\n

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The long term Barometer added 0.90 to 73.87. It remains Overbought.<\/p>\n

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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 5th 2024 U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:35 AM EDT. S&P 500 futures were unchanged following release of the September U.S. Trade Report at 8:30 AM EST. Consensus was $84.0 deficit versus $70.40 billion deficit in August. Actual was […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-181081","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181081","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=181081"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181081\/revisions"}],"predecessor-version":[{"id":181091,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181081\/revisions\/181091"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=181081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=181081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=181081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}