{"id":182400,"date":"2024-12-29T16:46:58","date_gmt":"2024-12-29T21:46:58","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=182400"},"modified":"2024-12-30T08:50:32","modified_gmt":"2024-12-30T13:50:32","slug":"tech-talk-for-monday-december-30th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/12\/29\/tech-talk-for-monday-december-30th-2024\/","title":{"rendered":"Tech Talk for Monday December 30th 2024"},"content":{"rendered":"

Pre-opening Comments for Monday December 30th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 60 points at 8:30 AM EST.<\/em><\/p>\n

Boeing<\/b> dropped $3.72 to $177.00 following crash of a Boeing 737 aircraft in South Korea.<\/em><\/p>\n

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Tesla <\/b>dropped $7.55 to $424.11after recalling almost 700,000 vehicles.<\/em><\/p>\n

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EquityClock\u2019s Stock Market Outlook for December 30th<\/sup><\/strong><\/font><\/em><\/p>\n

There is a saying that when \u201cSanta fails to call, bears may come to Broad & Wall.\u201d  With stocks struggling this Santa Claus rally period, we could find out what this means. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/12\/28\/stock-market-outlook-for-december-30-2024\/<\/em><\/a><\/p>\n

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

The Bottom Line<\/strong><\/font><\/p>\n

Equity indices around the world bounced from short term deeply oversold levels last week, led by Far East markets.<\/p>\n

Economic News This Week<\/p>\n

December Chicago PMI<\/b> released at 9:45 AM EST on Monday is expected to improve to 42.8 from 40.2 in November.<\/p>\n

November U.S. Construction Spending<\/b> released at 10:00 AM EST on Thursday is expected to increase 0.3% versus a 0.4% increase in October.<\/p>\n

December U.S. ISM Manufacturing PMI<\/b> is released at 10:00 AM EST on Thursday.<\/p>\n

Selected Earnings News This Week<\/strong><\/font><\/p>\n

Nil<\/p>\n

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 27th<\/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 27th<\/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 27th<\/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

Michael Campbell\u2019s Year End Special Report<\/b><\/p>\n

Michael Campbell\u2019s MoneyTalks \u2013 Complete Show (mikesmoneytalks.ca)<\/a><\/p>\n

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

Gold Shares May Be More Profitable Than the Metal: Mark Leibovit<\/b><\/p>\n

Gold Shares May Be More Profitable Than the Metal \u2013 HoweStreet<\/a><\/p>\n

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

A New Interpretation for \u201cMarkets Going to Pot\u201d Bob Hoye<\/b><\/p>\n

A New Interpretation for \u201cMarkets Going to Pot\u201d \u2013 HoweStreet<\/a><\/p>\n

Next Decline In Crude Prices Should Trigger A New Long Term BUY Signal For The Sector. Josef Schachter<\/b><\/p>\n

Next Decline In Crude Prices Should Trigger A New Long Term BUY Signal For The Sector. \u2013 HoweStreet<\/a><\/p>\n

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

There’s a lot of upside in the U.S. market, says Ed Yardeni<\/b><\/p>\n

There’s a lot of upside in the U.S. market, says Ed Yardeni \u2013 YouTube<\/a><\/p>\n

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

Top sectors for investing in 2025: BNN<\/b><\/p>\n

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

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

December growth data likely to be hotter-than-expected, says CFRA’s Sam Stovall<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=Gt1YdroxS0c<\/a><\/p>\n

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

RBC’s Helima Croft gives her 2025 energy playbook under Trump<\/b><\/p>\n

RBC’s Helima Croft gives her 2025 energy playbook under Trump \u2013 YouTube<\/a><\/p>\n

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

The stock setup for 2025<\/b><\/p>\n

The stock setup for 2025 \u2013 YouTube<\/a><\/p>\n

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

Santa’s Rally Fails to Lift Off, What’s Next?! Tom Bowley<\/b><\/p>\n

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

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

Trump’s Policy Shift Reveals Potential Big Winner! Mary Ellen McGonagle<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=3sDBN9Qn5HM<\/a><\/p>\n

Changes last week<\/strong><\/font><\/p>\n

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Technical Note for Friday<\/strong><\/font><\/p>\n

South Korea iShares<\/b> $EWY moved below $51.44 to a three year low extending an intermediate downtrend. Political turmoil is impacting equity prices. <\/p>\n

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

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The intermediate term Barometer dropped 5.40 on Friday, but gained 0.40 last week to 27.00. It recovered from a deeply oversold level.<\/p>\n

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The long term Barometer slipped 0.80 on Friday but added 1.20 last week to 57.60. It remains Neutral.<\/p>\n

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

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

The intermediate term Barometer added 0.79 on Friday and gained 5.35 last week to 31.84. It remains Oversold, but recovering. <\/p>\n

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

The long term Barometer added 0.24 on Friday and gained 2.06 last week to 61.88. It returned to Overbought on a recovery above 60.00.<\/p>\n

Special Short Term Momentum Report<\/strong><\/font><\/p>\n

\"clip_image016\"<\/a><\/p>\n

The short term (20 day) Barometer for S&P 500 stocks recovered last week from deeply oversold 7.80 to 13.60<\/p>\n

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The short term (20 day) Barometer for TSX stocks recovered last week from a deeply oversold <\/p>\n

8.68 to 19.73.<\/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 Monday December 30th U.S. equity index futures were lower this morning. S&P 500 futures were down 60 points at 8:30 AM EST. Boeing dropped $3.72 to $177.00 following crash of a Boeing 737 aircraft in South Korea. Tesla dropped $7.55 to $424.11after recalling almost 700,000 vehicles. EquityClock\u2019s Stock Market Outlook for December […]<\/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-182400","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182400","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=182400"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182400\/revisions"}],"predecessor-version":[{"id":182406,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182400\/revisions\/182406"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=182400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=182400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=182400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}