{"id":181965,"date":"2024-12-09T20:47:40","date_gmt":"2024-12-10T01:47:40","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=181965"},"modified":"2024-12-10T08:54:39","modified_gmt":"2024-12-10T13:54:39","slug":"tech-talk-for-tuesday-december-10th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/12\/09\/tech-talk-for-tuesday-december-10th-2024\/","title":{"rendered":"Tech Talk for Tuesday December 10th 2024"},"content":{"rendered":"

Pre-opening Comments for Tuesday December 10th<\/sup><\/font><\/em><\/p>\n

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

Index futures were unchanged following release of the third quarter U.S. Non-Productivity Report at 8:30 AM EST<\/b>. Consensus was growth at a 2.2% annual rate versus a downwardly revised 2.2% annual rate in the second quarter. Actual was 2.2%<\/em><\/p>\n

Oracle<\/b> dropped $10.80 to $179.65 after reporting less than consensus fiscal second quarter revenues and earnings. <\/em><\/p>\n

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C3ai <\/b>added $6.02 to $47.70 after announcing a new alliance with Microsoft. Also, second quarter results beat consensus.<\/em><\/p>\n

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MongoDB<\/b> advanced $28.85 to $378.52 after the company raised guidance.<\/em><\/p>\n

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Casey General Stores<\/b> dropped $10.16 to $407.95 after reporting less than consensus fiscal second quarter revenues. <\/em><\/p>\n

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EquityClock\u2019s Stock Market Outlook for December 10th<\/strong><\/font><\/em><\/p>\n

Some volatility\/stall in the market over the near-term is reasonable as portfolio managers conduct their year-end trades; the Santa Claus rally period follows. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/12\/09\/stock-market-outlook-for-december-10-2024\/<\/em><\/a><\/p>\n

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

China large cap iShares<\/b> $FXI jumped above $33.62 after the Chinese government offered fiscal measures to stimulate the economy.<\/p>\n

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Israel iShares<\/b> $EIS moved above $76.91 to an all-time high extending an intermediate uptrend. <\/p>\n

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First Trust Auto ETF<\/b> $CARZ moved above $56.63 extending an intermediate uptrend. U.S. consumers are buying cars and trucks prior to Trump\u2019s implied 25% tariff on autos and auto parts imported into the U.S.<\/p>\n

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Trip.com<\/b> $TCOM a NASDAQ 100 stock moved above $69.67 to an all-time high extending an intermediate uptrend<\/p>\n

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S&P 100 and NASDAQ 100 stock moving below intermediate support included Abbot Labs<\/b> (Double top pattern), Raytheon Technologies<\/b> (Head & Shoulders pattern) and Southern Companies<\/b> (Head & Shoulders pattern)<\/p>\n

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CGI Group<\/b> $GIB.A.TO a TSX 60 stock moved above Cdn$160.59 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 9th<\/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<\/font><\/strong><\/p>\n

Daily Seasonal\/Technical Commodities Trends for December 6th<\/sup> 2024<\/p>\n

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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 December 9th<\/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

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

President-elect Trump’s tariffs will be a significant weight on the economy, says Moody’s Mark Zandi<\/b><\/p>\n

President-elect Trump’s tariffs will be a significant weight on the economy, says Moody’s Mark Zandi \u2013 YouTube<\/a><\/p>\n

Bank of Canada interest rate outlook<\/b><\/p>\n

Bank of Canada interest rate outlook \u2013 YouTube<\/a><\/p>\n

Gold rises as China resumes buying<\/b><\/p>\n

Gold rises as China resumes buying \u2013 YouTube<\/a><\/p>\n

China Finally Delivers What Market Wanted | Markets in 3 Minutes<\/b><\/p>\n

China Finally Delivers What Market Wanted | Markets in 3 Minutes \u2013 YouTube<\/a><\/p>\n

Most Canadians would avoid buying American post-Trump tariff: Nanos<\/b><\/p>\n

Most Canadians would avoid buying American post-Trump tariff: Nanos \u2013 YouTube<\/a><\/p>\n

CHART THIS with David Keller, CMT Monday 12\/9\/24: David Keller<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=WkvC7bvQ_80<\/a><\/p>\n

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

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The intermediate term Barometer added 0.60 to 59.00. It remains Neutral.<\/p>\n

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The long term Barometer added 1.00 to 72.20. It remains Overbought.<\/p>\n

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

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The intermediate term Barometer added 5.02 to 61.64. It returned to Overbought from Neutral on a recovery above. 60.00.<\/p>\n

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The long term Barometer added 2.28 to 73.06. 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 10th U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EST. Index futures were unchanged following release of the third quarter U.S. Non-Productivity Report at 8:30 AM EST. Consensus was growth at a 2.2% annual rate versus a downwardly revised 2.2% annual rate […]<\/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-181965","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181965","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=181965"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181965\/revisions"}],"predecessor-version":[{"id":181975,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181965\/revisions\/181975"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=181965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=181965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=181965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}