Tech Talk for Thursday November 21st 2024
The following comment was emailed to letters@nationalpost.com
The article is biased against investors who use "timing the market" strategies to outperform equity markets. None of the best known Canadian proponents for market timing strategies were interviewed for the article including Hap Sneddon, president of Castlemoore, Jon Vialoux, author of the daily blog www.EquityClock.com, Brooke Thackray, seasonality analyst at Horizons and myself, daily author of the free blog: www.timingthemarket.ca "Timing the market" is not for everyone. It requires a disciplined approach including identification of securities with timely seasonal and technical momentum characteristics and including the use of prudent money management skills to minimize risk.
Don Vialoux
Author of the free daily blog: www.timingthemarket.ca
Past President of the Canadian Society of Technical Analysts
Technical Notes
Target $TGT an S&P 100 stock moved below $130.45 to $164.20 extending an intermediate downtrend. Responded to lower than consensus third quarter results!
Natural Gas ETN $UNG moved above intermediate resistance at US$14.53. Canadian equivalent $HUN.TO also was notably higher. Responded to colder than average weather (including a snow storm) in mid-Canada and U.S.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for November 20th 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 20th 2024
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for November 20th 2024
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Be ALERT for Warning Signs – S&P 500 Downturn: Joe Rabil
Be ALERT for Warning Signs – S&P 500 Downturn - YouTube
S&P 500 will hit 7,500 by 2026: Strategist
S&P 500 will hit 7,500 by 2026: Strategist - YouTube
Evercore's Emanuel Sees S&P 500 at 6,600 by Mid-2025
Evercore's Emanuel Sees S&P 500 at 6,600 by Mid-2025 - YouTube
The State of Retail Investing with Robinhood's Steve Quirk
The State of Retail Investing with Robinhood's Steve Quirk - YouTube
Bitcoin hits new record near $95,000 as investors monitor Trump transition: CNBC Crypto World
CHART THIS with David Keller, CMT Wednesday 11/20/24
https://www.youtube.com/watch?v=IWRv9o_hoFk
S&P 500 Momentum Barometers
The intermediate term Barometer added 1.80 to 55.80. It remains Neutral.
The long term Barometer added 0.80 to 69.60. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer added 0.27 to 58.90. It remains Neutral.
The long term Barometer slipped 0.58 to 72.15. 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
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