{"id":182353,"date":"2024-12-23T20:47:59","date_gmt":"2024-12-24T01:47:59","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=182353"},"modified":"2024-12-24T08:55:03","modified_gmt":"2024-12-24T13:55:03","slug":"tech-talk-for-tuesday-december-24th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/12\/23\/tech-talk-for-tuesday-december-24th-2024\/","title":{"rendered":"Tech Talk for Tuesday December 24th 2024"},"content":{"rendered":"

Pre-opening Comments for Tuesday December 24th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 7 points at 8:30 AM EST.<\/em><\/p>\n

Avista Medical<\/b> advanced $0.99 to $12.74 after receiving FDA approval for a system to treat smaller wounds.<\/em><\/p>\n

\"clip_image001[4]\"<\/em><\/a><\/p>\n

Limoneira<\/b> dropped $1.82 to $25.01 after lowering 2025 revenue guidance.<\/em><\/p>\n

\"clip_image002[4]\"<\/em><\/a><\/p>\n

International Seaways<\/b> advanced $2.48 to $36.26 on news that the stock is to be added to the S&P 600 Small Cap Index<\/em><\/p>\n

\"clip_image003[4]\"<\/a><\/p>\n

EquityClock\u2019s Stock Market Outlook for December 24th<\/sup><\/strong><\/font><\/em><\/p>\n

<\/em><\/p>\n

The rising trend in the bond market has been broken, removing a tailwind that has worked to support equity prices for at least the past year. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/12\/23\/stock-market-outlook-for-december-24-2024\/<\/em><\/a><\/p>\n

Closing times for North American equity markets:<\/strong><\/font><\/p>\n

Today, TSX closes at 12:50 PM EST with NYSE and NASDAQ closing at 1:00 PM EST. All markets are closed on Wednesday. TSX is closed on Thursday. Next Tech Talk report is to be released on Friday December 27th<\/sup> .<\/em><\/strong><\/p>\n

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

Imperial Oil<\/b> $IMO.TO a TSX 60 stock moved below Cdn$88.20 extending an intermediate downtrend. <\/p>\n

\"clip_image001\"<\/a><\/p>\n

Wheaton Precious Metals<\/b> $WPM.TO a TSX stock moved below Cdn$81.52 completing a double top pattern.<\/p>\n

\"clip_image002\"<\/a><\/p>\n

Saputo<\/b> $SAP.TO a TSX 60 stock moved below Cdn$24.78 to a 29 month low extending an intermediate downtrend.<\/p>\n

\"clip_image003\"<\/a><\/p>\n

Trader\u2019s Corner<\/strong><\/font><\/p>\n

\"clip_image005\"<\/a><\/p>\n

Equity Indices and Related ETFs<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Equity Trends for December 23rd<\/sup> 2024<\/p>\n

\"clip_image007\"<\/a><\/p>\n

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 23rd<\/sup> 2024<\/p>\n

\"clip_image009\"<\/a><\/b><\/p>\n

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 23rd<\/sup> 2024<\/p>\n

\"clip_image011\"<\/a><\/p>\n

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

Hightower’s Stephanie Link on her top stock picks for 2025<\/b><\/p>\n

Hightower’s Stephanie Link on her top stock picks for 2025 \u2013 YouTube<\/a><\/p>\n

Market is ‘absolutely’ primed for a 10% correction, says DCLA’s Sarat Sethi<\/b><\/p>\n

Market is ‘absolutely’ primed for a 10% correction, says DCLA’s Sarat Sethi \u2013 YouTube<\/a><\/p>\n

The Greatest Chart In The Stock Market: Dan Nathan and Guy Adami.<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=eBAaCO5SIRo<\/a><\/p>\n

Market levels will represent a ‘set up’ at some point, says Charles Schwab’s Liz Ann Sonders<\/b><\/p>\n

Market levels will represent a ‘set up’ at some point, says Charles Schwab’s Liz Ann Sonders \u2013 YouTube<\/a><\/p>\n

Needham’s Laura Martin gives her Big Tech picks in 2025<\/b><\/p>\n

Needham’s Laura Martin gives her Big Tech picks in 2025 \u2013 YouTube<\/a><\/p>\n

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

\"clip_image012\"<\/a><\/p>\n

The intermediate term Barometer added 0.20 to 26.80. It remains Oversold. Early technical signs of a bottom have arrived.<\/p>\n

\"clip_image013\"<\/a><\/p>\n

The long term Barometer added 0.60 to 57.08. It remains Neutral.<\/p>\n

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

\"clip_image014\"<\/a><\/p>\n

The long term Barometer added 1.83 to 28.31. It remains Oversold. Early technical signs of a bottom have arrived.<\/p>\n

\"clip_image015\"<\/a><\/p>\n

The long term Barometer added 1.37 to 51.19. It remains Neutral. Early technical signs of a bottom have arrived.<\/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 24th U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:30 AM EST. Avista Medical advanced $0.99 to $12.74 after receiving FDA approval for a system to treat smaller wounds. Limoneira dropped $1.82 to $25.01 after lowering 2025 revenue guidance. International Seaways 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-182353","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182353","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=182353"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182353\/revisions"}],"predecessor-version":[{"id":182361,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182353\/revisions\/182361"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=182353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=182353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=182353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}