Tech Talk for Thursday December 5th 2024

U.S. equity index futures were mixed this morning. S&P 500 futures were down 2 points at 8:30 AM EST

Five Below added $11.53 to $116.50 after reporting higher than consensus third quarter results. The company also offered positive guidance.

American Eagle Outfitters dropped $2.85 to $17.69 after reporting less than consensus third quarter revenues. The company also lowered fourth quarter guidance.

PVH dropped $7.61 to $105.25 after lowering fourth quarter guidance.

SentinelOne dropped $2.77 to $25.90 after lowering fourth quarter guidance.

EquityClock's stock market outlook for December 5th

A notable shift has become apparent in the market early into December as investors show renewed optimism towards growth and shy away from value. See:

https://equityclock.com/2024/12/04/stock-market-outlook-for-december-5-2024/

Technical Notes

Technology SPDRs $XLK moved above $237.94 to an all-time high extending an intermediate uptrend

Amazon $AMZN a Dow Jones Industrial Average stock moved above $215.90 to an all-time high extending an intermediate uptrend.

S&P 100 and NASDAQ 100 stocks moving above resistance extending an intermediate uptrend included Salesforce.com on a move above $348.86 to an all-time, PACCAR on a move above $117.68, ANSYS on a move above $364.31 and Roper Technologies on a move above $578.29 to an all-time high

S&P 100 and NASDAQ 100 stocks moving below support setting intermediate downtrends included United Parcel Services on a move below $128.32, Exxon Mobil on a move below $113.90 and Southern Companies on a move below$85.66.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for December 4th 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 4th 2024

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for December 4th 2024

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Get Ahead of 2025 Stock Trends! Joe Rabil

Get Ahead of 2025 Stock Trends! - YouTube

Stocks at Record Highs: How to Protect your Portfolio: Guy Adami, Dan Nathan, Carter Worth (Note comments on China and FXI at the 20 minute point)

Stocks at Record Highs: How to Protect your Portfolio - YouTube

Fed Chair Powell on the economy, Trump and inflation

Fed Chair Powell on the economy, Trump and inflation - YouTube

CHART THIS with David Keller, CMT Wednesday 12/4/24 David Keller

https://www.youtube.com/watch?v=AGqsP2IBRyY

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 1.40 to 62.60. It remains Overbought.

The long term Barometer dropped 0.80 to 73.60. It remains Overbought.

The long term Barometer dropped 0.80 to 73.60. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer dropped 3.65 to 64.84. It remains Overbought.

The long term Barometer was unchanged at 76.26. 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