{"id":181808,"date":"2024-12-03T19:04:29","date_gmt":"2024-12-04T00:04:29","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=181808"},"modified":"2024-12-04T08:51:02","modified_gmt":"2024-12-04T13:51:02","slug":"tech-talk-for-wednesday-december-4th-2024-2","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/12\/03\/tech-talk-for-wednesday-december-4th-2024-2\/","title":{"rendered":"Tech Talk for Wednesday December 4th 2024"},"content":{"rendered":"

Pre-opening Comments for Wednesday December 4th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 17 points at 8:30 AM EST.<\/em><\/p>\n

Salesforce.com<\/b> advanced $18.48 to $349.91 after reporting higher than consensus third quarter revenues.<\/em> <\/p>\n

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UnitedHealth Group<\/b> dropped $5.23 to $600.00 after offering lower than consensus fourth quarter guidance<\/em><\/p>\n

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Pure Storage<\/b> advanced $14.32 to $67.86 after reporting higher than consensus third quarter revenues and earnings. The company also offered positive fourth quarter guidance.<\/em><\/p>\n

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Royal Bank<\/b> is expected to open higher after reporting higher than consensus fiscal fourth quarter earnings. The Bank also raised its dividend by 4%.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for December 4th<\/sup><\/strong><\/font><\/em><\/p>\n

Years ending in \u201c5\u201d are typically positive for stocks, but, with comparisons being made to the equity market performance in 1995, is the macroeconomic momentum sufficient to fuel upbeat expectations? See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/12\/03\/stock-market-outlook-for-december-4-2024\/<\/em><\/a><\/p>\n

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

South Korea iShares<\/b> $EWY moved below $55.69 extending an intermediate downtrend. Units responded to news that the government invoked emergency martial law. Units subsequently recovered on news that the President lifted the martial law order.<\/p>\n

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Meta Platform<\/b> $META an S&P 100 stock moved above $602.95 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 3rd<\/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 December 3rd<\/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

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

Daily Seasonal\/Technical Sector Trends for December 3rd<\/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

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

RBC’s Lori Calvasina on her S&P 500 target of 6,600 by end of 2025<\/b><\/p>\n

RBC’s Lori Calvasina on her S&P 500 target of 6,600 by end of 2025 \u2013 YouTube<\/a><\/p>\n

Financials Primed to Beat Tech in December! Julius de Kempenaer<\/b><\/p>\n

Financials Primed to Beat Tech in December! \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer dropped 3.80 to 64.00. It remains Overbought.<\/p>\n

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The long term Barometer dropped 1.60 to 74.40. It remains Overbought.<\/p>\n

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

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The intermediate term Barometer jumped 10.95 to 68.49. It changed from Neutral to Overbought on a move above 60.00. Daily trend is up.<\/p>\n

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The long term Barometer added 0.91 to 76.26. It remains Overbought. Daily trend is up.<\/p>\n

Disclaimer:<\/b> Seasonality ratings and technical ratings offered in this report and at<\/em><\/p>\n

www.equityclock.com<\/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<\/p>\n","protected":false},"excerpt":{"rendered":"

Pre-opening Comments for Wednesday December 4th U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points at 8:30 AM EST. Salesforce.com advanced $18.48 to $349.91 after reporting higher than consensus third quarter revenues. UnitedHealth Group dropped $5.23 to $600.00 after offering lower than consensus fourth quarter guidance Pure Storage advanced […]<\/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-181808","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181808","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=181808"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181808\/revisions"}],"predecessor-version":[{"id":181818,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181808\/revisions\/181818"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=181808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=181808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=181808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}