{"id":181855,"date":"2024-12-05T08:46:50","date_gmt":"2024-12-05T13:46:50","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=181855"},"modified":"2024-12-05T08:46:50","modified_gmt":"2024-12-05T13:46:50","slug":"tech-talk-for-thursday-december-5th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/12\/05\/tech-talk-for-thursday-december-5th-2024\/","title":{"rendered":"Tech Talk for Thursday December 5th 2024"},"content":{"rendered":"

Pre-opening Comments for Thursday December 5th<\/sup><\/strong><\/font><\/em><\/p>\n

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

Five Below<\/b> added $11.53 to $116.50 after reporting higher than consensus third quarter results. The company also offered positive guidance.<\/em><\/p>\n

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American Eagle Outfitters<\/b> dropped $2.85 to $17.69 after reporting less than consensus third quarter revenues. The company also lowered fourth quarter guidance.<\/em><\/p>\n

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PVH<\/b> dropped $7.61 to $105.25 after lowering fourth quarter guidance.<\/em><\/p>\n

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SentinelOne<\/b> dropped $2.77 to $25.90 after lowering fourth quarter guidance. <\/em><\/p>\n

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EquityClock\u2019s stock market outlook for December 5th<\/sup><\/strong><\/font><\/em><\/p>\n

A notable shift has become apparent in the market early into December as investors show renewed optimism towards growth and shy away from value. See: <\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/12\/04\/stock-market-outlook-for-december-5-2024\/<\/em><\/a><\/p>\n

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

Technology SPDRs<\/b> $XLK moved above $237.94 to an all-time high extending an intermediate uptrend <\/p>\n

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Amazon<\/b> $AMZN a Dow Jones Industrial Average stock moved above $215.90 to an all-time high extending an intermediate uptrend.<\/p>\n

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S&P 100 and NASDAQ 100 stocks<\/b> moving above resistance extending an intermediate uptrend included Salesforce.com<\/b> on a move above $348.86 to an all-time, PACCAR<\/b> on a move above $117.68, ANSYS<\/b> on a move above $364.31 and Roper Technologies<\/b> on a move above $578.29 to an all-time high<\/p>\n

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S&P 100 and NASDAQ 100 stocks <\/b>moving below support <\/b>setting intermediate downtrends included United Parcel Services<\/b> on a move below $128.32, Exxon Mobil<\/b> on a move below $113.90 and Southern Companies<\/b> on a move below$85.66.<\/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 4th<\/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 4th<\/sup> 2024<\/p>\n

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Green: Increase from previous day<\/font> <\/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 4th<\/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

Get Ahead of 2025 Stock Trends! Joe Rabil<\/b><\/p>\n

Get Ahead of 2025 Stock Trends! \u2013 YouTube<\/a><\/p>\n

Stocks at Record Highs: How to Protect your Portfolio: Guy Adami, Dan Nathan, Carter Worth (Note comments on China and FXI at the 20 minute point)<\/b><\/p>\n

Stocks at Record Highs: How to Protect your Portfolio \u2013 YouTube<\/a><\/p>\n

Fed Chair Powell on the economy, Trump and inflation<\/b><\/p>\n

Fed Chair Powell on the economy, Trump and inflation \u2013 YouTube<\/a><\/p>\n

<\/b><\/p>\n

CHART THIS with David Keller, CMT Wednesday 12\/4\/24 David Keller<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=AGqsP2IBRyY<\/a><\/p>\n

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

The intermediate term Barometer dropped 1.40 to 62.60. It remains Overbought.<\/p>\n

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The long term Barometer dropped 0.80 to 73.60. It remains Overbought.<\/p>\n

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The long term Barometer dropped 0.80 to 73.60. It remains Overbought.<\/p>\n

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

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The intermediate term Barometer dropped 3.65 to 64.84. It remains Overbought.<\/p>\n

<\/b><\/p>\n

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The long term Barometer was unchanged at 76.26. 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 December 5th U.S. equity index futures were mixed this morning. S&P 500 futures were down 2 points at 8:30 AM EST Five Below added $11.53 to $116.50 after reporting higher than consensus third quarter results. The company also offered positive guidance. American Eagle Outfitters dropped $2.85 to $17.69 after reporting less […]<\/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-181855","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181855","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=181855"}],"version-history":[{"count":1,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181855\/revisions"}],"predecessor-version":[{"id":181856,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181855\/revisions\/181856"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=181855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=181855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=181855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}