U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade.
Volume on U.S. exchanges is expected to be well below average today. U.S. exchanges close at 1:00 PM EST.
The Canadian Dollar was virtually unchanged at U.S. 75.23 cents following release at of Canada's GDP report for September at 8:30 AM EST. Consensus was an increase of 0.2% versus a gain of 0.1% in August. Actual was an increase of 0.1%. On a year-over-year basis, third quarter real GDP increased 1.6%.
EquityClock's Daily Market Comment
Following is a link:
http://www.equityclock.com/2019/11/27/stock-market-outlook-for-november-29-2019/
Note seasonality charts on the TSX Composite Index relative to the S&P 500 Index and Durable Goods Orders.
Trader's Corner
Equity Indices and related ETFs
Daily Seasonal/Technical Equity Trends for November 28th 2019
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for November 28th 2019
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for November 28th 2019
Green: Increase from previous day
Red: Decrease from previous day
Changes in Seasonality at the End of November
Canadian financial services have a history of reaching a seasonal peak at the end of November
Canadian energy stocks have a history of bottoming at the end of November
TSX Momentum Barometer
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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