{"id":181672,"date":"2024-11-26T20:52:36","date_gmt":"2024-11-27T01:52:36","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=181672"},"modified":"2024-11-27T08:49:05","modified_gmt":"2024-11-27T13:49:05","slug":"tech-talk-for-wednesday-november-27th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/11\/26\/tech-talk-for-wednesday-november-27th-2024\/","title":{"rendered":"Tech Talk for Wednesday November 27th 2024"},"content":{"rendered":"

Pre-opening Comments for Wednesday November 27th<\/sup><\/strong><\/font><\/p>\n

U.S. equity index futures were lower this morning.<\/b> S&P 500 futures were down points at 8:35 AM EST.<\/p>\n

U.S. equity index futures were unchanged following release of economic news at 8:30 AM EST<\/b>. Consensus for third quarter annualized third quarter U.S. GDP was a 2.8% gain versus a 3.0% gain in the second quarter. Actual was 2.8%. Consensus for October Durable Goods Orders was up 0.5% versus unchanged in September. Actual was up 0.2%<\/p>\n

HP Inc<\/b> dropped $3.00 to $36.10 after offering lower than consensus fiscal first quarter earnings guidance.<\/p>\n

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Dell<\/b> dropped $14.49 to $127.25 after reporting weaker than consensus Personal Computer sales.<\/p>\n

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Workday <\/b>dropped $29.19 to $342.00 after offering fourth quarter guidance below consensus.<\/p>\n

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Autodesk <\/b>dropped $29.26 to $288.70 after third quarter operating margins declined.<\/p>\n

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EquityClock\u2019s stock market outlook for November 27th<\/sup><\/strong><\/font><\/p>\n

Market breadth is remaining bullish heading through the end of the year, conducive to the normal year-end melt-up in stocks. See:<\/b><\/p>\n

https:\/\/equityclock.com\/2024\/11\/26\/stock-market-outlook-for-november-27-2024\/<\/a><\/p>\n

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

S&P 500 Index and its related iShares:<\/b> SPY<\/b> closed at an all-time high extending an intermediate uptrend. <\/p>\n

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Utilities<\/b> SPDRs $XLU moved above $82.50 to an all-time high extending an intermediate uptrens.<\/p>\n

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DexCom<\/b> $DXCM a NASDAQ 100 stock moved above $77.77 completing a double bottom pattern.<\/p>\n

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Cintas <\/b>$CTAS a NASDAQ 100 stock moved above $226.95 to a 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 26th<\/sup> 2024<\/p>\n

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Green: Increase from previous day<\/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 26th<\/sup> 2024<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for November 26th<\/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

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

Five Must-Have Tools for Analyzing Stock Charts: David Keller<\/b><\/p>\n

Five Must-Have Tools for Analyzing Stock Charts \u2013 YouTube<\/a><\/p>\n

Investors should trim into the riskiest parts of the market, says John Hancock’s Emily Roland<\/b><\/p>\n

Investors should trim into the riskiest parts of the market, says John Hancock’s Emily Roland \u2013 YouTube<\/a><\/p>\n

Expect Tech to Drag & Airlines to Soar, SPX Retests 6,000: Schwab Network<\/b><\/p>\n

Discusses sectors that benefit from the \u201cSanta Claus Rally\u201d<\/b><\/p>\n

Expect Tech to Drag & Airlines to Soar, SPX Retests 6,000 \u2013 YouTube<\/a><\/p>\n

MSTR & Bitcoin’s Crypto Link, Gold & Crypto ETFs to Watch: Schwab Network<\/b><\/p>\n

MSTR & Bitcoin’s Crypto Link, Gold & Crypto ETFs to Watch \u2013 YouTube<\/a><\/p>\n

Oil prices are now ‘a touch too low’ relative to inventory, says Goldman Sachs’ Daan Struyven<\/b><\/p>\n

Oil prices are now ‘a touch too low’ relative to inventory, says Goldman Sachs’ Daan Struyven \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer slipped 0.40 to 68.80. It remains Overbought.<\/p>\n

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The long term Barometer dropped 1.40 to 75.40. It remains Overbought.<\/p>\n

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

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The intermediate term Barometer dropped 3.65 to 55.71. It remains Neutral.<\/p>\n

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The long term Barometer dropped 1.83 to 73.52. 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 Wednesday November 27th U.S. equity index futures were lower this morning. S&P 500 futures were down points at 8:35 AM EST. U.S. equity index futures were unchanged following release of economic news at 8:30 AM EST. Consensus for third quarter annualized third quarter U.S. GDP was a 2.8% gain versus a 3.0% […]<\/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-181672","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181672","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=181672"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181672\/revisions"}],"predecessor-version":[{"id":181682,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181672\/revisions\/181682"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=181672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=181672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=181672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}