{"id":181120,"date":"2024-11-06T02:22:00","date_gmt":"2024-11-06T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=181120"},"modified":"2024-11-06T08:48:45","modified_gmt":"2024-11-06T13:48:45","slug":"tech-talk-for-wednesday-november-6th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/11\/06\/tech-talk-for-wednesday-november-6th-2024\/","title":{"rendered":"Tech Talk for Wednesday November 6th 2024"},"content":{"rendered":"

Pre-opening Comments for Wednesday November 6th<\/sup><\/strong><\/font><\/em><\/p>\n

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U.S. equity index futures were higher this morning.<\/b> At 8:30 AM EST, S&P 500 futures advanced 132.75 points to an all-time high at 5,945.00.<\/em><\/p>\n

Trump Media<\/b> advanced $12.28 to $46.22 after Donald Trump won the election for President.<\/em><\/p>\n

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Super Micro<\/b> dropped another $4.04 to 23.66 after the company failed to indicate when it will file its annual report. The company also was unable to offer guidance. <\/em><\/p>\n

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CVS Health<\/b> advanced $4.17 to $59.50 after reporting higher than consensus third quarter revenues.<\/em><\/p>\n

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Bitcoin<\/b> advanced 7.29% to an all-time high at US$74,434.65 following Trump\u2019s victory.<\/em><\/p>\n

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EquityClock\u2019s Stock Market Outlook for November 6th<\/sup><\/strong><\/font><\/em><\/p>\n

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Heavy truck sales, often a reliable gauge of the strength of business demand, are failing to show the strength that consumer vehicle sales are portraying. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/11\/05\/stock-market-outlook-for-november-6-2024\/<\/em><\/a><\/p>\n

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 <\/p>\n

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

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Mexico iShares $EWW moved below $50.78 completing a Head and Shoulders pattern.<\/b><\/p>\n

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Global Agriculture ETF $COW.TO moved above Cdn$65.19 extending an intermediate uptrend.<\/b><\/p>\n

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Emerson Electric<\/b> $EMR an S&P 100 stock moved above $118.92 to an all-time high extending an intermediate uptrend. <\/p>\n

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Electronic Arts<\/b> $EA a NASDAQ 100 stock moved above $153.31 to an all-time high extending an intermediate uptrend.<\/p>\n

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NXP Semiconductor<\/b> $NXPI a NASDAQ 100 stock moved below $220.10 extending an intermediate downtrend. <\/p>\n

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Sun Life Financial<\/b> $SLF.TO a TSX 60 stock moved above Cdn$79.44 to an all-time high extending an intermediate uptrend. <\/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 5th<\/sup> 2024<\/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

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

Daily Seasonal\/Technical Commodities Trends for November 5th<\/sup> 2024<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for November 5th<\/sup> 2024<\/p>\n

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

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

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

Market Trend Model Flashes Short-Term Bearish, What’s Next? David Keller<\/b><\/p>\n

Market Trend Model Flashes Short-Term Bearish, What’s Next? \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Stocks Rise as Wall Street Awaits Election Result: Guy Adami and Dan Nathan<\/b><\/p>\n

Stocks Rise as Wall Street Awaits Election Results \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 5.40 to 55.00. It remains Neutral<\/p>\n

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The long term Barometer added 1.20 to 72.20. 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 64.41. It remains Overbought.<\/p>\n

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The long term Barometer added 1.80 to 75.68. 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 Wednesday November 6th U.S. equity index futures were higher this morning. At 8:30 AM EST, S&P 500 futures advanced 132.75 points to an all-time high at 5,945.00. Trump Media advanced $12.28 to $46.22 after Donald Trump won the election for President. Super Micro dropped another $4.04 to 23.66 after the company failed […]<\/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-181120","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181120","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=181120"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181120\/revisions"}],"predecessor-version":[{"id":181130,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181120\/revisions\/181130"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=181120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=181120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=181120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}