{"id":157376,"date":"2022-07-12T02:22:00","date_gmt":"2022-07-12T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=157376"},"modified":"2022-07-12T08:48:58","modified_gmt":"2022-07-12T12:48:58","slug":"tech-talk-for-tuesday-july-12th-2022","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2022\/07\/12\/tech-talk-for-tuesday-july-12th-2022\/","title":{"rendered":"Tech Talk for Tuesday July 12th 2022"},"content":{"rendered":"

Pre-opening Comments for Tuesday July 12th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 18 points in pre-opening trade. <\/em><\/p>\n

Gap Stores dropped $0.30 to $8.46<\/b> after the company\u2019s Chief Executive Officer stepped down. The company also lowered second quarter guidance. Wells Fargo lowered its target price from $16 to $10.<\/em><\/p>\n

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Pepsico added $1.32 to $171.79<\/b> after reporting higher than consensus second quarter revenues and earnings. <\/em><\/p>\n

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Deere dropped $2.71 to $295.70<\/b> after JP Morgan lowered its target price from $370 to $325.<\/em><\/p>\n

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Caterpillar fell $2.33 to $172.69<\/b> after JP Morgan lowered its target price from $250 to $205.<\/em><\/p>\n

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 <\/p>\n

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

Headline says \u201cThe strongest time of the year for Wheat is upon us and the recent correction back to long-term rising trendline support has presented another opportunity to take a bite<\/strong>\u201d. Following is a link:<\/em><\/p>\n

http:\/\/www.equityclock.com\/2022\/07\/11\/stock-market-outlook-for-july-12-2022\/<\/em><\/a><\/p>\n

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

Cramer on U.S. equity markets<\/strong><\/font><\/em><\/p>\n

Based on comments on COT chart trends by Larry Williams<\/em><\/p>\n

https:\/\/www.cnbc.com\/2022\/07\/11\/jim-cramer-charts-suggest-the-market-is-poised-for-an-august-rebound.html<\/em><\/a><\/p>\n

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

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

Twitter $TWTR a NASDAQ 100 stock moved below $35.50 extending an intermediate downtrend. Musk terminated his offer for the company.<\/p>\n

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Cognizant $CTSH a NASDAQ 100 stock moved below $65.24 extending an intermediate downtrend. <\/p>\n

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 <\/p>\n

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

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

Daily Seasonal\/Technical Equity Trends for July 11th<\/sup> 2022<\/p>\n

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

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

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

Daily Seasonal\/Technical Commodities Trends for July 11th<\/sup> 2022<\/p>\n

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

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

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

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

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

Daily Seasonal\/Technical Sector Trends for July 11th<\/sup> 2021 <\/p>\n

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

Red: Decrease from previous day<\/font><\/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

 <\/p>\n

Next CATA Meeting<\/strong><\/font><\/p>\n

Next meeting of the Canadian Association for Technical Analysis is scheduled this evening at 8:00 PM EDT. Speaker is Andrew Aziz<\/strong><\/em><\/font> from Bear Bull Traders. Interested in membership? Link is CATA Meeting July 12 with Andrew Aziz – Events – Canadian Association for Technical Analysis (clubexpress.com)<\/a><\/p>\n

 <\/p>\n

S&P 500 Momentum Barometers<\/strong><\/font><\/p>\n

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The intermediate term Barometer dropped 2.00 to 26.40 yesterday. It remains Oversold.<\/p>\n

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The long term Barometer slipped 1.00 to 22.40 yesterday. It remains Oversold.<\/p>\n

 <\/p>\n

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

\"clip_image011\"<\/a><\/p>\n

The intermediate term Barometer dropped 3.36 to 20.59 yesterday. It remains Oversold.<\/p>\n

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The long term Barometer slipped 2.52 to 23.95 yesterday. It remains Oversold. <\/p>\n

<\/b><\/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 12th U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points in pre-opening trade. Gap Stores dropped $0.30 to $8.46 after the company\u2019s Chief Executive Officer stepped down. The company also lowered second quarter guidance. Wells Fargo lowered its target price from $16 to $10. […]<\/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-157376","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/157376","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=157376"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/157376\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=157376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=157376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=157376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}