Tech Talk for Tuesday November 28th 2023
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:30 AM EST.
Scotia Bank dropped $1.25 to Cdn$59.00 after reporting less than consensus fiscal fourth quarter earnings.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2023/11/clip_image0011-11.png "clip_image001[1]")
Boeing gained $4.25 to $223.55 after RBC upgraded the stock to Outperform.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2023/11/clip_image0021-14.png "clip_image002[1]")
Canada Goose added $0.30 to $10.95 after acquiring a manufacturing facility in Romania.
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2023/11/clip_image0031-11.png "clip_image003[1]")
Carnival added $0.05 to $14.67 after Melius upgraded the stock to Buy.
![clip_image004[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2023/11/clip_image0041-10.png "clip_image004[1]")
EquityClock's Daily Comment
Headline reads "The market has reached a logical point to digest recent strength as it enters the normal tax-loss selling period".
https://equityclock.com/2023/11/27/stock-market-outlook-for-november-28-2023/
Technical Notes
Gold ETN $GLD moved above $186.36 extending an intermediate uptrend.
Agnico-Eagle $AEM a TSX 60 stock moved above US$50.68 and US$50.84 completing a reverse Head & Shoulders pattern.
Shopify advanced $4.25 to Cdn$100.51 after reporting a 22% increase in Black Friday sales
Canadian Pacific $CP.TO a TSX 60 stock moved below Cdn$94.94 extending an intermediate downtrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for Nov.27th 2023
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 Nov.27th 2023
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for November 27th 2023
Green: Increase from previous day
Red: Decrease from previous day
Jeff Parent on BNN
Jeff Parent from CastleMoore was the guest analyst on BNN yesterday. Following is a link to his top picks.
https://www.bnnbloomberg.ca/video/jeff-parent-s-top-picks~2816503
Links offered by valued providers
Market secrets revealed: David Keller
How To Time Your Trade Entries & Exits Like a Pro | Decision Point Trading Room
Note comments on U.S. Dollar, Gold, Gold Miners and Silver
How To Time Your Trade Entries & Exits Like a Pro | DecisionPoint Trading Room (11.27.23) - YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer slipped 1.00 to 75.00. It remains Overbought.
The long term Barometer slipped 0.60 to 57.20. It remains Neutral.
TSX Momentum Barometers
The intermediate term Barometer slipped 0.44 to 60.79. It remains Overbought.
The long term Barometer slipped 0.88 to 44.49. It remains Neutral.
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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