{"id":181775,"date":"2024-12-03T00:34:01","date_gmt":"2024-12-03T05:34:01","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=181775"},"modified":"2024-12-03T08:48:51","modified_gmt":"2024-12-03T13:48:51","slug":"tech-talk-for-tuesday-december-3rd-2024-2","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/12\/03\/tech-talk-for-tuesday-december-3rd-2024-2\/","title":{"rendered":"Tech Talk for Tuesday December 3rd 2024"},"content":{"rendered":"

Pre-opening Comments for Tuesday December 3rd<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 2 points at 8:30 AM EST<\/em><\/p>\n

Honeywell<\/b> dropped $6.95 to $223.00 after lowering fourth quarter guidance.<\/em> <\/p>\n

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Zscaler <\/b>dropped $16.11 to $191.96 after issuing lower fiscal first quarter guidance.<\/em> <\/p>\n

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Tesla<\/b> dropped $6.29 to $350.80 after a judge rejected approval of Elon Musk\u2019s proposed pay package.<\/em><\/p>\n

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Microchip Technology<\/b> dropped $2.39 to $67.92 after announcing closure of an Arizona plant. The company also lowered guidance.<\/em> <\/p>\n

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EquityClock\u2019s Market Outlook for December 3rd<\/sup><\/strong><\/font><\/em><\/p>\n

The health of the market through the last month of the year is expected to show a heavy reliance on yields and the dollar. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/12\/02\/stock-market-outlook-for-december-3-2024\/<\/em><\/a><\/p>\n

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

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

NASDAQ Composite Index moved above 19,316.07 and NASDAQ 100 Trust $QQQ moved above $515.58 to an all-time high extending an intermediate uptrend.<\/b><\/p>\n

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Trade Desk<\/b> $TTD a NASDAQ 100 stock moved above $132.65 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 December 2nd<\/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 December 2nd<\/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 December 2nd<\/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

Bitcoin will close well above $100,000 before year-end, says Fundstrat’s Tom Lee<\/b><\/p>\n

Bitcoin will close well above $100,000 before year-end, says Fundstrat’s Tom Lee \u2013 YouTube<\/a><\/p>\n

Low Liquidity & Volume Heading into "Santa Clause Rally" Schwab Network<\/b><\/p>\n

Low Liquidity & Volume Heading into "Santa Clause Rally" \u2013 YouTube<\/a><\/b><\/p>\n

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

Can You Really Predict Stock Market Success Using the Yield Curve? David Keller<\/b><\/p>\n

Can You Really Predict Stock Market Success Using the Yield Curve? \u2013 YouTube<\/a><\/p>\n

Market Navigator: Trading lumber<\/b><\/p>\n

Market Navigator: Trading lumber \u2013 YouTube<\/a><\/p>\n

Market Euphoria vs Rational Optimism: Understanding Investor Sentiment: Guy Adami, Dan Nathan and Liz Young <\/b><\/p>\n

Market Euphoria vs Rational Optimism: Understanding Investor Sentiment \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer dropped 3.20 to 67.80. It remains Overbought.<\/p>\n

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The long term Barometer was unchanged at 76.00. It remains Overbought.<\/p>\n

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

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The intermediate term Barometer dropped 7.31 to 57.53. It changed from Overbought to Neutral on a drop below 60.00.<\/p>\n

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The long term Barometer was unchanged at 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 Tuesday December 3rd U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points at 8:30 AM EST Honeywell dropped $6.95 to $223.00 after lowering fourth quarter guidance. Zscaler dropped $16.11 to $191.96 after issuing lower fiscal first quarter guidance. Tesla dropped $6.29 to $350.80 after a judge […]<\/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-181775","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181775","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=181775"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181775\/revisions"}],"predecessor-version":[{"id":181785,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181775\/revisions\/181785"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=181775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=181775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=181775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}