{"id":182076,"date":"2024-12-12T23:40:46","date_gmt":"2024-12-13T04:40:46","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=182076"},"modified":"2024-12-13T09:12:02","modified_gmt":"2024-12-13T14:12:02","slug":"tech-talk-for-friday-december-13th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/12\/12\/tech-talk-for-friday-december-13th-2024\/","title":{"rendered":"Tech Talk for Friday December 13th 2024"},"content":{"rendered":"

Pre-opening Comments for Friday December 13th<\/sup> 2024<\/strong><\/font><\/em><\/p>\n

U.S. equity index futures are higher this morning.<\/b> D&P 500 futures were up 23 points at 8:30 AM EST.<\/em><\/p>\n

Donald Trump\u2019s victory in the November elections, the prospect of interest rate cuts and record inflows into U.S. stock markets have put the S&P 500 index on course for a \u2018Santa rally\u2019<\/b> in the final few trading sessions of 2025, Goldman Sachs\u2019 leading technical strategist has said. See:<\/em><\/p>\n

https:\/\/www.marketwatch.com\/story\/record-inflows-into-u-s-stocks-to-drive-santa-rally-in-last-days-of-2024-goldman-says-bf243f94?mod=newsviewer_click<\/em><\/a><\/p>\n

Broadcom<\/b> advanced $8.69 to $189.25 after reporting higher than consensus fiscal first quarter results. The company also raised its quarterly dividend by 11%.<\/em><\/p>\n

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Costco <\/b>dropped $4.39 to $984.00 after reporting slightly less than consensus fiscal first quarter revenues<\/em><\/p>\n

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RH <\/b>advanced $70.78 to $452.16 after offering positive fourth quarter guidance<\/em> <\/p>\n

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EquityClock\u2019s stock market outlook for December 13th<\/sup><\/strong><\/font><\/em><\/p>\n

Initial claims surged last week to the highest level for the start of December since 2020, amidst the pandemic. See: <\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/12\/12\/stock-market-outlook-for-december-13-2024\/<\/em><\/a><\/p>\n

Michael Campbell\u2019s Money Talks<\/strong><\/font><\/p>\n

Don Vialoux is a guest on Michael Campbell\u2019s weekly show to be released at 8:30 AM Vancouver Time this Saturday (11:30 AM EST). Topic is \u201cStock Market Outlook for 2025\u201d. Link is Michael Campbell\u2019s MoneyTalks \u2013 Complete Show (mikesmoneytalks.ca)<\/a><\/p>\n

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

Steel ETF<\/b> $SLX moved below $67.86 completing a double top pattern. <\/p>\n

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U.S. Healthcare Providers iShare<\/b> $IHF move below $50.16 extending an intermediate downtrend.<\/p>\n

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CVS Health<\/b> $CVS an S&P 100 stock moved below $51.61 extending an intermediate downtrend.<\/p>\n

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DR Horton<\/b> $DHI an S&P 100 stock moved below $155.62 extending an intermediate downtrend.<\/p>\n

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Match Group<\/b> $MTCH a NASDAQ 100 stock moved below $30.06 extending an intermediate downtrend.<\/p>\n

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Rogers Communications<\/b> $RCI.B.TO a TSX 60 stock moved below Cdn$47.75 extending an intermediate downtrend. <\/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 12th<\/sup> 2024<\/p>\n

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

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

Source for all positive seasonality ratings: www.EquityClock.com<\/a><\/p>\n

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

Daily Seasonal\/Technical Commodities Trends for December 12th<\/sup> 2024<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for December 12th<\/sup> 2024<\/p>\n

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

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

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

2025 economic outlook for Canada: Beata Caranci, Toronto Dominion Bank economist<\/b><\/p>\n

2025 economic outlook for Canada \u2013 YouTube<\/a><\/p>\n

Top investing strategies for 2025: Lyle Stein<\/b><\/p>\n

Top investing strategies for 2025 \u2013 YouTube<\/a><\/p>\n

Goldman’s Kostin on Stock Market Outlook, Investment Strategy<\/b><\/p>\n

Goldman’s Kostin on Stock Market Outlook, Investment Strategy \u2013 YouTube<\/a><\/p>\n

Citi’s outlook for commodities in 2025: Max Layton <\/b><\/p>\n

Citi’s outlook for commodities in 2025 \u2013 YouTube<\/a><\/p>\n

\u2018Unbelievably Nasty Downturn\u2019 In Q1: Gareth Soloway On Best And Worst Assets Of 2025<\/b><\/p>\n

\u2018Unbelievably Nasty Downturn\u2019 In Q1: Gareth Soloway On Best And Worst Assets Of 2025 \u2013 YouTube<\/a><\/p>\n

TSX\/CGF International Oil and Gas Day: Josef Schachter presentation.<\/b><\/p>\n

PowerPoint Presentation (schachterenergyreport.ca)<\/a><\/p>\n

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

TSLA Leads the Charge in Growth Stock Rally: Tom Bowley<\/b><\/p>\n

TSLA Leads the Charge in Growth Stock Rally \u2013 YouTube<\/a><\/p>\n

Chart Check on Big Banks: How to Trade into 2025: Guy Adami, Dan Nathan and Carter Worth<\/b><\/p>\n

Chart Check on Big Banks: How to Trade into 2025 \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer dropped 1.60 to 50.50. It remains Neutral. Daily downtrend was extended.<\/p>\n

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The long term Barometer slipped 0.40 to 67.40. It remains Overbought. Daily downtrend was extended.<\/p>\n

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

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The intermediate term Barometer dropped 6.39 to 53.42. It remains Neutral. <\/p>\n

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The long term Barometer dropped 2.28 to 70.32. 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 Friday December 13th 2024 U.S. equity index futures are higher this morning. D&P 500 futures were up 23 points at 8:30 AM EST. Donald Trump\u2019s victory in the November elections, the prospect of interest rate cuts and record inflows into U.S. stock markets have put the S&P 500 index on course for […]<\/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-182076","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182076","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=182076"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182076\/revisions"}],"predecessor-version":[{"id":182084,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182076\/revisions\/182084"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=182076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=182076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=182076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}