Tech Talk for Tuesday November 19th 2024

U.S. equity index futures were lower this morning. S&P 500 futures were down 30 points at 8:35 AM EST. Futures responded to news that the U.S. approved the use of U.S. supplied weapons by Ukraine against Russia.

S&P 500 futures dropped 8 points following release of the U.S October Housing Starts report at 8:30 AM EST. Consensus was a slip to 1.340 million units from 1.354 million units in September. Actual was a drop to 1.311 million units.

Listed options on Bitcoin iShares are scheduled to start trading today.

Wal-Mart gained $2.34 to $86.42 after reporting higher than consensus third quarter results.

Symbotic added $7.37 to $37.93 after reporting higher than consensus fiscal fourth quarter revenues and earnings. The company also raised first quarter guidance.

Lowe's added $2.37 to $271.77 after releasing higher than consensus third quarter results

EquityClock's Stock Market Outlook for November 19th

While the setup for stocks is positive for the year-end seasonal strength, investors should be prepared for the fading of enthusiasm once the new president takes office. See:

https://equityclock.com/2024/11/18/stock-market-outlook-for-november-19-2024/

Technical Notes

First Trust Natural Gas ETF $FCG moved above $25.70 setting an intermediate uptrend. Strength was prompted by a seasonally early snow storm in western Canada and U.S.A.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for November 18th 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 November 18th 2024

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for November 18th 2024

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Don’t Miss These Breakouts Poised To Trade Higher! Mary Ellen McGonagle

Don’t Miss These Breakouts Poised To Trade Higher! - YouTube

The Trump trade is still intact, says Fundstrat’s Tom Lee

The Trump trade is still intact, says Fundstrat’s Tom Lee - YouTube

BMO’s Brian Belski explains his 2025 year-end target of $6,700

BMO’s Brian Belski explains his 2025 year-end target of $6,700 - YouTube

Equity Strategists Full of Bull For 2025: Guy Adami and Dan Nathan

Equity Strategists Full of Bull For 2025 - YouTube

Goldman Sachs’ Sung Cho is bullish on software in 2025

Goldman Sachs’ Sung Cho is bullish on software in 2025 - YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 2.20 to 57.20. It remains Neutral.

The long term Barometer added 1.40 to 70.00. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 7.73 to 57.27. It remains Neutral.

The long term Barometer added 3.64 to 72.73. It remains Overbought.

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