Tech Talk for Wednesday December 30th 2020
Starbucks (SBUX), an S&P 100 stock moved above $106.09 to an all-time high extending an intermediate uptrend.
![clip_image001[9]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/12/clip_image0019-2.png "clip_image001[9]")
Pre-opening Comments for Wednesday December 30th
U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade. Index futures are responding partially to news that the United Kingdom has authorized the emergency use of AstraZeneca's COVID 19 vaccine.
Caterpillar gained $0.93 to $177.58 after Baird selected the stock as its top 2021 idea.
![clip_image001[7]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/12/clip_image0017-10.png "clip_image001[7]")
EquityClock's Daily Comment
Following is a link:
http://www.equityclock.com/2020/12/29/stock-market-outlook-for-december-30-2020/
Technical Notes for Tuesday December 29th
Apple (AAPL), a Dow Jones Industrial Average stock moved above $137.74 to an all-time high extending an intermediate uptrend.
Canadian Pacific (CP), a TSX 60 stock moved above $444.49 to an all-time high extending an intermediate uptrend.
Franco-Nevada (FNV), a TSX 60 stock moved below $162.21 extending an intermediate downtrend.
ConocoPhillips (COP), an S&P 100 stock moved below $38.83 completing a double top pattern.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for December 29th 2020
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for December 29th 2020
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for December 29th 2020
Green: Increase from previous day
Red: Decrease from previous day
S&P 500 Momentum Barometer
![clip_image001[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/12/clip_image0015-16.png "clip_image001[5]")
The Barometer slipped 0.60 to 80.76% yesterday. It remains extremely intermediate overbought.
TSX Momentum Barometer
![clip_image002[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/12/clip_image0025-13.png "clip_image002[5]")
The Barometer dropped 1.64 to 70.89 yesterday. It remains 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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