Tech Talk for Tuesday December 29th 2020
Apple (AAPL), a Dow Jones Industrial Average stock moved above $137.74 to an all-time high extending an intermediate uptrend.
![clip_image001[9]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/12/clip_image0019-1.png "clip_image001[9]")
Canadian Pacific (CP), a TSX 60 stock moved above $444.49 to an all-time high extending an intermediate uptrend.
![clip_image002[13]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/12/clip_image00213.png "clip_image002[13]")
Franco-Nevada (FNV), a TSX 60 stock moved below $162.21 extending an intermediate downtrend.
![clip_image003[7]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/12/clip_image0037-3.png "clip_image003[7]")
Pre-opening Comments for Tuesday December 29th
U.S. equity index futures were higher again this morning. S&P 500 futures were up 14 points in pre-opening trade.
The Nikkei Average advanced 2.66% to 27,568.15, its highest level since August 1990. The Average easily moved above the previous high at 26,900.
![clip_image001[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/12/clip_image0015-15.png "clip_image001[5]")
The TSX Composite Index is expected to test its all-time high at 17,970.51 at the opening.
![clip_image002[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/12/clip_image0025-12.png "clip_image002[5]")
Bausch Health (BHC), a TSX 60 stock is expected to open higher after the company announced plans to repay another $275 million on its senior secured term loan.
![clip_image003[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/12/clip_image0035-12.png "clip_image003[5]")
EquityClock's Daily Comment
Following is a link:
http://www.equityclock.com/2020/12/23/stock-market-outlook-for-december-29-2020/
Note seasonality charts on U.S. Durable Goods Orders and Canadian GDP.
Technical Notes for Monday December 28th
Materials SPDRs (XLB) moved above $72.05 to an all-time high extending an intermediate uptrend.
South Korea iShares (EWY) moved above $82.82 to an all-time high extending an intermediate uptrend.
Hong Kong iShares (EWH) moved above $24.32 extending an intermediate uptrend.
Vietnam ETF (VNM) moved above $17.00 to a 30 month high extending an intermediate uptrend.
Natural Gas ETN (UNG) moved below $8.58 to an all-time low extending an intermediate downtrend
Zoom (ZM), a NASDAQ 100 stock moved below $366.28 completing a Head & Shoulders pattern.
Coca Cola (KO), a Dow Jones Industrial Average stock moved above $54.20 extending an intermediate uptrend.
Co-Star Group (CSGP), a NASDAQ 100 stock moved above $935.50 and $939.00 to an all-time high extending an intermediate uptrend.
Verisk Analytics (VRSK), a NASDAQ 100 stock moved above $206.54 to an all-time high extending an intermediate uptrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for December 28th 2020
![clip_image002[7]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/12/clip_image0027-7.png "clip_image002[7]")
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for December 28th 2020
![clip_image002[9]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/12/clip_image0029-1.png "clip_image002[9]")
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for December 28th 2020
![clip_image002[11]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/12/clip_image00211.png "clip_image002[11]")
Green: Increase from previous day
Red: Decrease from previous day
S&P 500 Momentum Barometer
![clip_image001[7]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/12/clip_image0017-9.png "clip_image001[7]")
The Barometer slipped 0.40 to 81.36 yesterday. It remains above 80.00 and, therefore, remains extremely 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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