Tech Talk for Friday November 27th 2020
U.S. Dollar ETN (UUP) moved below $24.80 extending an intermediate downtrend. The U.S. Dollar Index is testing support at 91.75.
![clip_image001[3]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/11/clip_image0013.png "clip_image001[3]")
Costco (COST), an S&P 100 stock moved above $389.50 to an all-time high extending an intermediate uptrend.
![clip_image002[3]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/11/clip_image0023-1.png "clip_image002[3]")
Pre-opening Comments for Friday November 27th
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening trade.
Trading activity on U.S. equity exchanges is expected to be well below average today. U.S. exchanges close at 1:00 PM EST.
Comcast added $0.34 to $52.14 after Benchmark raised its target price from $62 to $65.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/11/clip_image0011-7.png "clip_image001[1]")
Sage Therapeutics advanced $2.12 to $84.82 after receiving $1.525 billion to jointly develop depression and tumor therapies.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/11/clip_image0021-8.png "clip_image002[1]")
EquityClock's Daily Comment
Following is a link:
http://www.equityclock.com/2020/11/25/stock-market-outlook-for-november-27-2020/
Technical Notes for Yesterday
CGI Group (GIB.A), a TSX 60 stock moved above Cdn$96.25 resuming an intermediate uptrend.
Copper futures moved above $3.32 to a six year high at US$3.38 per lb. extending a long term uptrend. Base metal stocks and related ETFs (e.g. XBM on the TSX) responded accordingly
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for November 26th 2020
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for November 26th 2020
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for November 26th 2020
Green: Increase from previous day
Red: Decrease from previous day
TSX Momentum Barometer
The Barometer added 1.40 to 71.16 yesterday. It remains intermediate overbought.
Disclaimer: Seasonality 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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