{"id":157173,"date":"2022-07-05T02:22:00","date_gmt":"2022-07-05T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=157173"},"modified":"2022-07-05T08:43:44","modified_gmt":"2022-07-05T12:43:44","slug":"tech-talk-for-tuesday-july-5th-2022","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2022\/07\/05\/tech-talk-for-tuesday-july-5th-2022\/","title":{"rendered":"Tech Talk for Tuesday July 5th 2022"},"content":{"rendered":"

Pre-opening Comments for Tuesday July 5th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 41 points in pre-opening trade. <\/em><\/p>\n

Alphabet $GOOG slipped $19.75 to $2,155.00<\/b> after Moness lowered its target price from $3,500 to $2,900.<\/em><\/p>\n

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Shopify slipped $0.42 to US$30.99<\/b> after Truist lowered its target price from $45 to $35.<\/em><\/p>\n

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General Motors dropped $0.54 to $31.65<\/b> after JP Morgan lowered its target price from $71 to $64.<\/em><\/p>\n

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Kohl\u2019s eased $0.23 to $28.45<\/b> after Deutsche Bank lowered its target price from $68 to $37.<\/em><\/p>\n

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 <\/p>\n

EquityClock\u2019s Daily Comment<\/strong><\/font><\/em><\/p>\n

Headline reads \u201cS&P 500 Index caps off the worst first half of the year performance since 1970, but, historically, bear-market declines during the first half have warranted buying<\/strong>\u201d. Following is a link:<\/em><\/p>\n

http:\/\/www.equityclock.com\/2022\/06\/30\/stock-market-outlook-for-july-5-2022\/<\/em><\/a><\/p>\n

<\/em><\/p>\n

Technical Notes for yesterday<\/strong><\/font><\/p>\n

Quiet day for the TSX yesterday! More technical evidence of an intermediate low appeared: Short term momentum indicators (daily MACD and RSI) continued to recover from Oversold levels. Percent of TSX stocks trading above their 50 and 200 day moving averages continued to improve from Oversold levels. <\/p>\n

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 <\/p>\n

Trader\u2019s Corner<\/strong><\/font><\/p>\n

<\/font><\/strong><\/p>\n

<\/b><\/p>\n

Equity Indices and Related ETFs<\/font><\/b><\/p>\n

Daily Seasonal\/Technical Equity Trends for July 4th<\/sup> 2022<\/p>\n

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Green: Increase from previous day<\/font><\/em><\/p>\n

Red: Decrease from previous day<\/em><\/p>\n

 <\/p>\n

Commodities<\/font><\/b><\/p>\n

Daily Seasonal\/Technical Commodities Trends for July 4th<\/sup> 2022<\/p>\n

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Green: Increase from previous day<\/em><\/p>\n

Red: Decrease from previous day<\/em>
<\/b><\/p>\n

<\/b><\/p>\n

<\/b><\/p>\n

<\/b><\/p>\n

Sectors<\/font><\/b><\/p>\n

Daily Seasonal\/Technical Sector Trends for July 4th<\/sup> 2021 <\/p>\n

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Green: Increase from previous day<\/font><\/em><\/p>\n

Red: Decrease from previous day<\/em><\/p>\n

<\/em><\/p>\n

All seasonality ratings are based on performance relative to the S&P 500 Index (except TSX)<\/em><\/p>\n

<\/em><\/p>\n

TSX Momentum Barometers<\/strong><\/font><\/p>\n

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The intermediate term Barometer added another 5.44 to 17.99 yesterday. The recovery from Extremely Oversold levels continues.<\/p>\n

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The long term Barometer added another 2.93 to 26.78 yesterday. The recovery from Oversold levels continues.<\/p>\n

 <\/p>\n

Disclaimer:<\/b> Seasonality and technical ratings offered in this report and at<\/em><\/p>\n

www.equityclock.com<\/em><\/a> 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.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Pre-opening Comments for Tuesday July 5th U.S. equity index futures were lower this morning. S&P 500 futures were down 41 points in pre-opening trade. Alphabet $GOOG slipped $19.75 to $2,155.00 after Moness lowered its target price from $3,500 to $2,900. Shopify slipped $0.42 to US$30.99 after Truist lowered its target price from $45 to $35. […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-157173","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/157173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/comments?post=157173"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/157173\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=157173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=157173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=157173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}