{"id":182435,"date":"2024-12-30T19:57:41","date_gmt":"2024-12-31T00:57:41","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=182435"},"modified":"2024-12-31T08:53:59","modified_gmt":"2024-12-31T13:53:59","slug":"tech-talk-for-tuesday-december-31st-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/12\/30\/tech-talk-for-tuesday-december-31st-2024\/","title":{"rendered":"Tech Talk for Tuesday December 31st 2024"},"content":{"rendered":"

Pre-opening Comments for Tuesday December 31st<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 16 points at 8:30 AM EST.<\/em><\/p>\n

FTAI Aviation<\/b> advanced $6.48 to $132.93 after offering positive earning guidance for 2025.<\/em><\/p>\n

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CompuSecure <\/b>added $1.15 to $16.80 on news of a planned spinoff.<\/em><\/p>\n

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Affinity Bancshares<\/b> dropped $4.80 to $17.00 after ending an acquisition deal for APCU.<\/em><\/p>\n

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Verisign<\/b> added $4.82 to $209.92 on news that Berkshire Hathaway added to its position in the stock.<\/em><\/p>\n

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EquityClock\u2019s Stock Market Outlook for December 31st<\/sup><\/strong><\/font><\/em><\/p>\n

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

While the deterioration in the technicals is enticing to continue downgrading various segments of the market, we are highly reluctant to flip to a negative view while navigating through this notoriously positive period at year-end. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/12\/30\/stock-market-outlook-for-december-31-2024\/<\/em><\/a><\/p>\n

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

Natural Gas ETN <\/b>$UNG moved above $16.80 extending an intermediate uptrend.<\/p>\n

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Mexico iShares<\/b> $EWW moved below $47.15 to a 27 month low extending an intermediate downtrend. <\/p>\n

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Lithium ETN<\/b> $LIT moved below $41.47 completing a double top pattern.<\/p>\n

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Platinum ETN<\/b> $PPLT moved below $82.57 extending an intermediate downtrend.<\/p>\n

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TSX Gold iShares<\/b> $XGD.TO moved below Cdn20.90 extending an intermediate downtrend.<\/p>\n

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Wheaton Precious Metals<\/b> $WPM.TO a TSX 60 stock moved below Cdn$81.52 and $80.16 completing a Head & Shoulders pattern. <\/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 30th<\/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

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 30th<\/sup> 2024<\/p>\n

\"clip_image012\"<\/a><\/b> <\/i><\/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 30th<\/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

The Hidden Risks For Markets In 2025: Yields, The Debt Ceiling & AI Euphoria: Guy Adami and Danny Moses<\/b><\/p>\n

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

Could the TSX outperform in 2025? BNN<\/b><\/p>\n

Could the TSX outperform in 2025? \u2013 YouTube<\/a><\/p>\n

Wharton’s Jeremy Siegel on the likelihood of a market correction next year<\/b><\/p>\n

Wharton’s Jeremy Siegel on the likelihood of a market correction next year \u2013 YouTube<\/a><\/p>\n

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

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Intermediate term Barometer dropped 6.80 to 20.20. It remains Oversold. Testing a low?<\/p>\n

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The long term Barometer dropped 1.60 to 56.00. It remains Neutral.<\/p>\n

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

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The intermediate term Barometer dropped 2.24 to 29.60. It remains Oversold.<\/p>\n

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The long term Barometer dropped 3.14 to 58.74. It changed from Overbought to Neutral on a drop back below 60.00.<\/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 31st U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points at 8:30 AM EST. FTAI Aviation advanced $6.48 to $132.93 after offering positive earning guidance for 2025. CompuSecure added $1.15 to $16.80 on news of a planned spinoff. Affinity Bancshares dropped $4.80 to $17.00 […]<\/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-182435","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182435","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=182435"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182435\/revisions"}],"predecessor-version":[{"id":182445,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182435\/revisions\/182445"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=182435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=182435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=182435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}