by Don Vialoux, Timingthemarket.ca
Pre-opening Comments for Friday December 4th
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade.
Index futures moved slightly higher after release of the November employment report at 8:30 AM EST. Consensus for November Non-farm Payrolls was 200,000 versus an upwardly revised 298,000 in October. Actual was 211,000. Consensus for November Private Non-farm Payrolls was 190,000 versus 268,000 in October. Actual was 197,000. Consensus for November Unemployment Rate was 5.0% versus 5.0% in October. Actual was 5.0%. Consensus for November Average Hourly Earnings was a gain of 0.2% versus an increase of 0.4% in October. Actual was a gain of 0.2%.
The Canadian Dollar weakened slightly following release of Canada’s November employment report. Consensus for November net change in employment was a decline of 10,000 versus a gain of 44,400 in October. Actual was a decline of 35,700. Consensus for November unemployment rate was unchanged from October at 7.0%. Actual was an increase to 7.1%.
Macy’s dropped $0.08 to $38.90 after Goldman Sachs downgraded the stock to neutral. Target is $42.
Mattel (MAT $24.48) is expected to open higher after Jefferies initiated coverage with a Buy rating. Target is $27.
Norfolk Southern rejected Canadian Pacific’s buyout offer as “grossly inadequate”.
CSX (CSX $27.16) is expected to open lower after Bank of America/Merrill downgraded the stock to neutral. Target is $29.
Union Pacific eased $0.52 to $78.68 after Bank of America/Merrill downgraded the stock to neutral. Target is $87.
EquityClock’s Daily Market Comment
Following is a link:
http://www.equityclock.com/2015/12/03/stock-market-outlook-for-december-4-2015/
Note seasonality charts on the Euro and Non-farm Employment
Don Vialoux on BNN on Monday
Don Vialoux will be the guest analyst on Berman’s Call on Monday at 11:00 AM EST (in Larry’s absence)
Weekly GlobeInvestors Column
Authored by Don and Jon Vialoux. Published yesterday. Headline reads, “How investors can profit from El Nino”. Following is a link:
Another Milestone
Last milestone for our StockTwit followers was reached on November 18th when 13,000 followers were connected. Yesterday, another milestone was reached when over 14,000 followers connected to our service.
StockTwits released yesterday @Equityclock
Following a strong November, US Dollar Index has ended lower in 70% of Decembers
Editor’s Note: Short term technical parameters for the U.S. Dollar Index turned negative yesterday.
Technical action by S&P 500 stocks to 1:00 PM: Bearish. 22 stocks broke support. 1 broke resistance: $KR
Notable on the list of stocks breaking support were 6 utility stocks. $XLU also broke support.
Editor’s Note: After 1:00 PM EST, selling pressures accelerated. Another 20 S&P 500 stocks broke intermediate support.
Loblaw Companies $L.CA completed a double top pattern by breaking support at $66.27.
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Adrienne Toghraie’s “Trader’s Coach” Column
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Take Charge by Giving
By Adrienne Toghraie, Trader’s Success Coach
Do you feel overwhelmed with what is happening in the world? This mindset is not good for you or for anyone else or for your ability to perform as a trader. It is important to take charge if you want to make a difference to help those who are in desperate need of your help.
Focus on what you can do as a trader.
You might not be in a position to be on the ground or have the ability to work first hand with people who are hurting, but you do have the ability to earn money in the markets. So with this talent you can make a difference. With just as much determination, care and generosity, focus on:
Following your rules to earn money so you can afford to be generous and give.
If you have not reached the point of earning a living on trading, then it is your job to overcome any of the obstacles that are in your path.
If you are earning a healthy income from trading, then it is your responsibility as a citizen of this planet to help others in need. It is your job to be in the best physical, mental and spiritual shape to earn as much profit as your strategy will allow. This will then allow you to give a percentage of your earnings above your basic needs to those who are going through difficult times.
What does not help anyone is:
· Feeling helpless
· Worrying
· Looping conversation of how terrible things are without taking action to make a difference
What does help is:
· Being the best you can be at what you do
· Praying
· Sending money to those who are actively involved
Here are a few of the organizations that make a difference and where you too can make a difference:
· American Red Cross – 1-800-RED-CROSS – http://www.redcross.org
· Doctors Without Borders – 1-888-392-0392 – http://www.doctorswithoutborders.org
· Save the Children – 1-800-728-3843 – http://savethechildren.org
It’s not always the big things
You may think to make a difference you have to do big things, and therefore, very often you end up doing nothing. But even the small things you do in your daily life can make a tremendous difference for you and for others, such as:
· Acknowledging people with a smile
· Remembering to say please and thank you
· Recycling that bottle, picking up trash even though it’s not yours
· Having a positive attitude
· Being there to listen
Conclusion
When a trader is in a prosperity conscious state of mind, he is also in the state of mind where he feels he can afford to be generous. Even a $10 donation can make a difference to not only others in need, but to you as well. Opportunity flows towards those who are generous.
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Sign Up at – www.TradingOnTarget.com
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Thank You
Thank you to the many people who “Paid it forward” recently by contributing to Tech Talk’s favourite charity, Wellspring (a network of cancer centres that offer support, coping skills and informational programs to cancer patients and their loved ones, at no charge and without referral) The annual “Light Up The House” event at Wellspring held last Thursday was a great success with Over $34,000 raised. Charitable donations are still possible throughout the month of December. Click on the following link for a connection to charitable donations to Wellspring.
Donate to Wellspring
Visit the Wellspring site at www.wellspring.ca
Trader’s Corner
Daily Seasonal/Technical Equity Trends for December 3rd 2015
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Commodities Trends for December 3rd 2015
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Sector Trends for December 3rd 2015
Green: Increase from previous day
Red: Decrease from previous day
Special Free Services available through www.equityclock.com
Equityclock.com is offering free access to a data base showing seasonal studies on individual stocks and sectors. The data base holds seasonality studies on over 1000 big and moderate cap securities and indices. To login, simply go to http://www.equityclock.com/charts/
Following is an example:
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FUTURE_SI1 Relative to the S&P 500 |
FUTURE_SI1 Relative to Gold |
Disclaimer: Seasonality and technical ratings offered in this report by www.timingthemarket.ca and 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.
Copyright © DV Tech Talk, Timingthemarket.ca
