Tech Talk for Friday November 29th 2024

U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:30 AM EST.

U.S. equity markets are scheduled to close today at 1:00 PM EST. U.S. bond markets are scheduled to close at 2:00 PM EST.

ASML added $15.20 to $642.90 on news that a crackdown by the U.S. on sales of semiconductor chip sales to China will be less severe than forecast.

EquityClock's Stock Market Outlook for November 29th

Despite the jump in equity prices over the past month, signs of complacency in the market remain absent. See:

https://equityclock.com/2024/11/27/stock-market-outlook-for-november-29-2024/

Don Vialoux will be a guest on "Wolf on Bay Street" released at 7:00 PM EST on Saturday on Corus 640.

Technical Notes

Taiwan iShares $EWT moved below support at $52.94 setting an intermediate downtrend.

Berkshire Hathaway $BRK.B an S&P 100 stock moved above $484.92 to an all-time high extending an intermediate uptrend.

Verizon $VZ a Dow Jones Industrial Average stock moved above $44.66 extending an intermediate uptrend

CoStar Group $CSGP a NASDAQ 100 stock moved above $81.63 setting an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for November 27th 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 27th 2024

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for November 27th 2024

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Can the S&P 500 Rally Without Tech?

Can the S&P 500 Rally Without Tech? - YouTube

The S&P 500 could hit 7,000 by the end of next year, says Ed Yardeni

The S&P 500 could hit 7,000 by the end of next year, says Ed Yardeni - YouTube

Stocks At Record Highs Ahead of Thanksgiving Holiday: Guy Adami, Dan Nathan, Liz Young

Stocks At Record Highs Ahead of Thanksgiving Holiday - YouTube

December’s History Points to "Santa Claus" Rally: Sam Stovall

December’s History Points to "Santa Claus" Rally - YouTube

"Einstein of Wall Street" On Holiday Week

"Einstein of Wall Street" On Holiday Week - YouTube

Chart of the Day: Technology SPDRs (XLK)

Technical score dropped from 4 to -2 when strength relative to the S&P 500 changed from Neutral to Negative, price moved below its 20 day moving average and daily momentum indicators (Stochastics, RSI and MACD) changed from up to down. Seasonal influences currently are Neutral.

S&P 500 Momentum Barometers

The intermediate term Barometer added 0.80 to 69.60. It remains Overbought. Daily trend is up.

The long term Barometer added 0.40 to 75.80. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 2.74 to 59.82. It remains Neutral.

The long term Barometer was unchanged at 75.34. 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