Tech Talk for Friday November 29th 2019

November 28, 2019 / www.timingthemarket.ca / Article Link

U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade.

Volume on U.S. exchanges is expected to be well below average today. U.S. exchanges close at 1:00 PM EST.

The Canadian Dollar was virtually unchanged at U.S. 75.23 cents following release at of Canada's GDP report for September at 8:30 AM EST. Consensus was an increase of 0.2% versus a gain of 0.1% in August. Actual was an increase of 0.1%. On a year-over-year basis, third quarter real GDP increased 1.6%.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/11/27/stock-market-outlook-for-november-29-2019/

Note seasonality charts on the TSX Composite Index relative to the S&P 500 Index and Durable Goods Orders.

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for November 28th 2019

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Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for November 28th 2019

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Green: Increase from previous day

Red: Decrease from previous day


Sectors

Daily Seasonal/Technical Sector Trends for November 28th 2019

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Green: Increase from previous day

Red: Decrease from previous day

Changes in Seasonality at the End of November

Canadian financial services have a history of reaching a seasonal peak at the end of November

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Canadian energy stocks have a history of bottoming at the end of November

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TSX Momentum Barometer

 

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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