{"id":157458,"date":"2022-07-14T02:22:00","date_gmt":"2022-07-14T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=157458"},"modified":"2022-07-14T08:56:58","modified_gmt":"2022-07-14T12:56:58","slug":"tech-talk-for-thursday-july-14th-2022","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2022\/07\/14\/tech-talk-for-thursday-july-14th-2022\/","title":{"rendered":"Tech Talk for Thursday July 14th 2022"},"content":{"rendered":"

Pre-opening Comments for Thursday July 14th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 50 points in pre-opening trade.<\/em><\/p>\n

Index futures were virtually unchanged after release of the June CPI report at 8:30 AM EDT. <\/b>Consensus was an increase 0.8% versus a gain of 0.8% in May. Actual was an increase of 1.1%. Year-over-year, June PPI was expected to increase 10.8% versus a gain of 10.8% in May. Actual was a gain of11.3%. Excluding food and energy, June PPI was expected to increase 0.5% versus a gain of 0.5% in May. Actual was an increase of 0.4%. Year-over-year, June core PPI was expected to increase 8.6% versus a gain of 8.3% in May. Actual was an increase of 8.2%.<\/em><\/p>\n

JP Morgan dropped $2.75 to $109.16<\/b> after reporting lower than consensus second quarter results. The bank also suspended its share buyback program.<\/em><\/p>\n

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Morgan Stanley fell $1.36 to $73.62<\/b> after reporting lower than consensus second quarter results.<\/em> <\/p>\n

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Conagra added $0.19 to $35.93<\/b> after reporting higher than consensus adjusted fourth quarter results.<\/em> <\/p>\n

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Taiwan Semiconductor gained $1.35 to $82.64 <\/b>after reporting higher than consensus second quarter revenues and earnings.<\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cThe lack of concern in the bond market following the latest Consumer Price Index report suggests that we may be at a turning point in the prevailing negative trend of bond prices<\/strong>\u201d. Following is a link:<\/em><\/p>\n

http:\/\/www.equityclock.com\/2022\/07\/13\/stock-market-outlook-for-july-14-2022\/<\/em><\/a><\/p>\n

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

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

Emerging Markets iShares $EEM moved below $38.62 extending an intermediate downtrend.<\/p>\n

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Walt Disney $DIS a Dow Jones Industrial Average stock moved below $92.01 extending an intermediate downtrend.<\/p>\n

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Metlife $MET an S&P 100 stock moved below $60.21 extending an intermediate downtrend. <\/p>\n

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Workday $WDAY a NASDAQ 100 stock moved below $134.53 extending an intermediate downtrend. <\/p>\n

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Match $MTCH a NASDAQ 100 stock moved below $67.25 extending an intermediate downtrend.<\/p>\n

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Fastenal $FAST a NASDAQ 100 stock moved below $48.10 extending an intermediate downtrend. <\/p>\n

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QualComm $QCOM a NASDAQ 100 stock moved above $136.45 completing a double bottom pattern. <\/p>\n

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Sun Life Financial $SLF.TO a TSX 60 stock moved below $57.21 extending an intermediate downtrend. <\/p>\n

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Loblaw Companies $L.TO a TSX 60 stock moved above $119.15 to an all-time high and George Weston $WN.TO a related TSX 60 stock moved above intermediate resistance at $156.22<\/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 13th<\/sup> 2022<\/p>\n

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

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

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

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

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

Daily Seasonal\/Technical Commodities Trends for July 13th<\/sup> 2022<\/p>\n

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

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

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

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

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

Daily Seasonal\/Technical Sector Trends for July 13th<\/sup> 2021 <\/p>\n

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

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

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

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

 <\/p>\n

Links offered by valued providers<\/strong><\/font><\/p>\n

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

Link from Mark Bunting<\/strong><\/em><\/font> and www.uncommonsenseinvestor.com<\/a><\/p>\n

Wall Street’s Sudden Pessimism a Sign of Hope – Uncommon Sense Investor<\/a><\/p>\n

 <\/p>\n

Greg Schnell<\/strong><\/em><\/font> says \u201cWhoozy at best<\/strong>.\u201d Following is a link:<\/p>\n

Woozy At Best | Greg Schnell, CMT | Market Buzz (07.13.22) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer dropped 1.40 to 19.80 yesterday. It remains Oversold.<\/p>\n

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The long term Barometer eased 1.00 to 20.00 yesterday. It remains Oversold. <\/p>\n

 <\/p>\n

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

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The intermediate term Barometer slipped 0.42 to 20.59 yesterday. It remains Oversold.<\/p>\n

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The long term Barometer added $0.42 to 22.69 yesterday. It remains Oversold. Trend is up. <\/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 Thursday July 14th U.S. equity index futures were lower this morning. S&P 500 futures were down 50 points in pre-opening trade. Index futures were virtually unchanged after release of the June CPI report at 8:30 AM EDT. Consensus was an increase 0.8% versus a gain of 0.8% in May. Actual was an […]<\/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-157458","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/157458","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=157458"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/157458\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=157458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=157458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=157458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}