Pre-opening Comments for Friday November 24^th

U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EST.

Today is Black Friday, the day historically when annual profits by U.S. retailers turn from “red “to “black”.

The Canadian Dollar added $0.14 to US73.15 following release of Canada’s September Retail Sales. Consensus was unchanged versus a decline of 0.1% in August. Actual was an increase of 0.6%

iRobot advanced $8.96 to $38.78 in anticipation of European Union antitrust approval of its takeover by Amazon.

General Motors added $0.08 to 438.78 after announcing that its Cruise division plans to restart a test of its robotaxi service in a U.S. city.

NVidia slipped $3.42 to $483.75 after the company announced delay in launch of one of its new artificial intelligence chips destined for China.

EquityClock’s Daily Comment

Headline reads “Gold mining ETF carving out a head-and-shoulders bottoming pattern ahead of its period of seasonal strength”.

https://equityclock.com/2023/11/22/stock-market-outlook-for-november-24-2023/

Technical Notes

Nil

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Nov.23^rd 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.23^rd 2023

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for November 23^rd 2023

Green: Increase from previous day

Red: Decrease from previous day

 

Links offered by valued providers

Breadth Analysis Suggests Pullback From S&P 4600 | The Final Bar (11.22.23)

https://www.youtube.com/watch?v=uKu48tQbRZ0

 

Gold Is at Inflection Point, Hard Landing Is Coming: These Charts Tell You Everything – Tavi Costa

https://www.youtube.com/watch?v=87NnwvN0h-c

 

TSX Momentum Barometers

The intermediate term Barometer slipped another 0.44 to 59.03. It remains Neutral.

The long term Barometer added 0.88 to 44.05. 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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