Tech Talk for Tuesday December 24th 2024
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.
![clip_image001[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2024/12/clip_image0014-8.png "clip_image001[4]")
Limoneira dropped $1.82 to $25.01 after lowering 2025 revenue guidance.
![clip_image002[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2024/12/clip_image0024-9.png "clip_image002[4]")
International Seaways advanced $2.48 to $36.26 on news that the stock is to be added to the S&P 600 Small Cap Index
![clip_image003[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2024/12/clip_image0034-7.png "clip_image003[4]")
EquityClock's Stock Market Outlook for December 24th
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:
https://equityclock.com/2024/12/23/stock-market-outlook-for-december-24-2024/
Closing times for North American equity markets:
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 .
Technical Notes
Imperial Oil $IMO.TO a TSX 60 stock moved below Cdn$88.20 extending an intermediate downtrend.
Wheaton Precious Metals $WPM.TO a TSX stock moved below Cdn$81.52 completing a double top pattern.
Saputo $SAP.TO a TSX 60 stock moved below Cdn$24.78 to a 29 month low extending an intermediate downtrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for December 23rd 2024
Green: Increase from previous day
Red: Decrease from previous day
Source for all positive seasonality ratings: www.EquityClock.com
Commodities
Daily Seasonal/Technical Commodities Trends for December 23rd 2024
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for December 23rd 2024
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Hightower’s Stephanie Link on her top stock picks for 2025
Hightower’s Stephanie Link on her top stock picks for 2025 - YouTube
Market is ‘absolutely’ primed for a 10% correction, says DCLA’s Sarat Sethi
Market is ‘absolutely’ primed for a 10% correction, says DCLA’s Sarat Sethi - YouTube
The Greatest Chart In The Stock Market: Dan Nathan and Guy Adami.
https://www.youtube.com/watch?v=eBAaCO5SIRo
Market levels will represent a ‘set up’ at some point, says Charles Schwab’s Liz Ann Sonders
Needham’s Laura Martin gives her Big Tech picks in 2025
Needham’s Laura Martin gives her Big Tech picks in 2025 - YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer added 0.20 to 26.80. It remains Oversold. Early technical signs of a bottom have arrived.
The long term Barometer added 0.60 to 57.08. It remains Neutral.
TSX Momentum Barometers
The long term Barometer added 1.83 to 28.31. It remains Oversold. Early technical signs of a bottom have arrived.
The long term Barometer added 1.37 to 51.19. It remains Neutral. Early technical signs of a bottom have arrived.
Disclaimer: Seasonality ratings and technical ratings offered in this report and at
www.equityclock.com 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
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