{"id":181159,"date":"2024-11-07T02:22:00","date_gmt":"2024-11-07T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=181159"},"modified":"2024-11-07T08:44:29","modified_gmt":"2024-11-07T13:44:29","slug":"tech-talk-for-wednesday-november-7th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/11\/07\/tech-talk-for-wednesday-november-7th-2024\/","title":{"rendered":"Tech Talk for Wednesday November 7th 2024"},"content":{"rendered":"

Pre-opening Comments for Thursday November 7th<\/sup><\/strong><\/font><\/em><\/p>\n

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U.S. equity index futures were h<\/b><\/em>igher this morning<\/b>. S&P 500 futures were up 10 points at 8:30 AM EDT.<\/em><\/p>\n

Federal Open Market Committee announces an outlook on the U.S. economy at 2:00 PM EST.<\/b> Consensus calls for announcement of a 0.25% drop in the Fed Fund Rate. A Press Conference offering reasons for its decision is scheduled for 2:30 PM EST<\/em><\/p>\n

Gilead<\/b> gained $2.51 to $94.20 after reporting higher than consensus third quarter revenues. The company also raised guidance. <\/em><\/p>\n

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Take Two Interactive<\/b> advanced $6.05 to $172.67 after reporting higher than consensus second quarter results.<\/em><\/p>\n

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Qualcomm<\/b> added $10.91 to $183.30 after reporting higher than consensus fiscal fourth quarter revenues and earnings.<\/em><\/p>\n

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Zillow<\/b> gained $8.08 to $66.76 after reporting higher than consensus third quarter revenues.<\/em><\/p>\n

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EquityClock\u2019s Stock Market Outlook for November 7th<\/sup><\/strong><\/font><\/em><\/p>\n

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Running down the Election impact on markets. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/11\/06\/stock-market-outlook-for-november-7-2024\/<\/em><\/a><\/p>\n

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

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

A wide variety of U.S. broadly based equity ETFs broke to all-time highs<\/b> including S&P 500 SPDRs, S&P 500 Equal Weight ETF, Dow Jones Industrial Average SPDRs, Dow Jones Transportation iShares, S&P Midcap SPDRs and Russell 2000 iShares. Notably higher among sector ETFs were Bank SPDRs: KBE and KRE.<\/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

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Green<\/em>: Increase from previous day<\/em><\/font><\/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 November 6th<\/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 6th<\/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

Trump projected to win presidency: World leaders react, Dow futures soar<\/b><\/p>\n

Trump projected to win presidency: World leaders react, Dow futures soar \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

The Morning After Trump’s Win: Election Impact For Tech & Markets: Guy Adami and Dan Nathan<\/b><\/p>\n

The Morning After Trump’s Win: Election Impact For Tech & Markets \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Stocks Surge Off Trump Election Victory: Guy Adami, Dan Nathan and Liz Young<\/b><\/p>\n

Stocks Surge Off Trump Election Victory \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Trump Won! Economic and Retirement Investing IMPACTS! All things retirement: Canada<\/b><\/p>\n

Trump Won! Economic and Retirement Investing IMPACTS! \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

CHART THIS with David Keller, CMT Wednesday 11\/6\/24<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=pKSg6zHUDfw<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer advanced 7.60 to 62.60. It changed from Neutral to Overbought on a recovery above 60.00.<\/p>\n

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The long term Barometer added 2.40 to 74.60. It remains Overbought.<\/p>\n

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

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The intermediate term Barometer slipped 0.90 to 63.51. It remains Overbought<\/p>\n

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The long term Barometer dropped 1.35 to 74.32. 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 November 7th U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:30 AM EDT. Federal Open Market Committee announces an outlook on the U.S. economy at 2:00 PM EST. Consensus calls for announcement of a 0.25% drop in the Fed Fund Rate. A Press […]<\/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-181159","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181159","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=181159"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181159\/revisions"}],"predecessor-version":[{"id":181169,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181159\/revisions\/181169"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=181159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=181159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=181159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}