{"id":181562,"date":"2024-11-21T19:25:10","date_gmt":"2024-11-22T00:25:10","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=181562"},"modified":"2024-11-22T08:49:36","modified_gmt":"2024-11-22T13:49:36","slug":"tech-talk-for-friday-november-22nd-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/11\/21\/tech-talk-for-friday-november-22nd-2024\/","title":{"rendered":"Tech Talk for Friday November 22nd 2024"},"content":{"rendered":"

Pre-opening Comments for Friday November 22nd<\/sup><\/strong><\/font><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 3 points at 8:30 AM EST.<\/p>\n

Gap Stores<\/b> added $3.36 to $25.37 after offering positive guidance for the Christmas season sales.<\/p>\n

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Ross Stores<\/b> gained $10.29 to $153.25 after reporting higher than consensus third quarter results.<\/p>\n

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NetApp<\/b> advanced $6.82 to $133.50 after reporting higher than consensus fiscal second quarter earnings. The company also offered positive third quarter guidance.<\/p>\n

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Intuit <\/b>dropped $36.72 to $641.98 after offering lowering second quarter guidance. <\/p>\n

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EquityClock\u2019s Stock Market Outlook for November 22nd<\/sup><\/strong><\/font><\/p>\n

Stocks are surging higher from the gaps that were opened following election day, confirming the zone as support. See:<\/b><\/p>\n

https:\/\/equityclock.com\/2024\/11\/21\/stock-market-outlook-for-november-22-2024\/<\/a><\/p>\n

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

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

U.S. Insurance iShares<\/b> $IAK moved above $133.82 to an all-time high extending an intermediate uptrend.<\/p>\n

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Energy iShares<\/b> $XLE moved above $97.38 to an all-time high extending an intermediate uptrend.<\/p>\n

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BMO Equal Weight Canadian Oil ETF<\/b> $ZEO.TO moved above Cdn$77.00 to an all-time high extending an intermediate uptrend. <\/p>\n

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\u201cGassy\u201d Canadian stocks<\/b> moved higher on increasing natural gas prices. ARC Resources<\/b> $ARX.TO moved above Cdn$26.24 to an all-time high. Peyto Exploration & Development<\/b> $PEY.TO moved above Cdn$16.20 to an all-time high.<\/p>\n

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Royal Bank<\/b> $RY.TO a TSX 60 stock moved above $173.61 to an all-time high extending an intermediate uptrend. <\/p>\n

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Cameco<\/b> $CCJ a TSX 60 stock moved above US$58.72 to an all-time high extending an intermediate uptrend. Cameco in Canadian Dollars $CCO.TO also closed at an all-time high.<\/p>\n

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Pembina Pipeline<\/b> $PPL.TO a TSX 60 stock moved above Cdn$59.86 to an all-time high extending an intermediate uptrend.<\/p>\n

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Soybean ETN moved below $21.02 to a three year low 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 21st<\/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

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

Daily Seasonal\/Technical Commodities Trends for November 21st<\/sup> 2024<\/p>\n

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

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

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

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

Daily Seasonal\/Technical Sector Trends for November 21st<\/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

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

BIG Stock Market Rally is Coming – Here’s Why: Tom Bowley<\/b><\/p>\n

BIG Stock Market Rally is Coming – Here’s Why \u2013 YouTube<\/a><\/p>\n

Goldman: Market volatility will surge\u2014it’ll be a December to remember.<\/b><\/p>\n

Goldman: Market volatility will surge\u2014it’ll be a December to remember. \u2013 YouTube<\/a><\/p>\n

Bitcoin hits fresh record, marches toward $100,000<\/b><\/p>\n

Bitcoin hits fresh record, marches toward $100,000 \u2013 YouTube<\/a><\/p>\n

Beware The "Drag 7" Stocks: Guy Adami, Dan Nathan and Carter Worth<\/b><\/p>\n

Beware The "Drag 7" Stocks \u2013 YouTube<\/a><\/p>\n

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

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

The intermediate term Barometer added 5.20 to 61.00. It changed from Neutral to Overbought on a move above 60.00.<\/p>\n

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The long term Barometer added 1.80 to 71.40. It remains Overbought.<\/p>\n

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

\"clip_image019\"<\/a><\/p>\n

The intermediate term Barometer advanced 5.02 to 63.93. It changed from Neutral to Overbought on a move above 60.00.<\/p>\n

\"clip_image020\"<\/a><\/p>\n

The long term Barometer added 3.20 to 75.34. It remains Overbought.<\/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 November 22nd U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:30 AM EST. Gap Stores added $3.36 to $25.37 after offering positive guidance for the Christmas season sales. Ross Stores gained $10.29 to $153.25 after reporting higher than consensus third quarter results. NetApp […]<\/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-181562","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181562","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=181562"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181562\/revisions"}],"predecessor-version":[{"id":181572,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181562\/revisions\/181572"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=181562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=181562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=181562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}