{"id":158158,"date":"2022-08-03T02:22:00","date_gmt":"2022-08-03T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=158158"},"modified":"2022-08-03T08:46:33","modified_gmt":"2022-08-03T12:46:33","slug":"tech-talk-for-wednesday-august-3rd-2022","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2022\/08\/03\/tech-talk-for-wednesday-august-3rd-2022\/","title":{"rendered":"Tech Talk for Wednesday August 3rd 2022"},"content":{"rendered":"

Pre-opening Comments for Wednesday August 3rd<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 24 points in pre-opening trade. <\/em><\/p>\n

Starbucks added $1.98 to $85.69<\/b> after reporting higher than consensus fiscal third quarter revenues and earnings. <\/em><\/p>\n

\"clip_image001[1]\"<\/a><\/p>\n

Advanced Micro Devices dropped $6.28 to $93.01<\/b> after lowering third quarter guidance below consensus estimates. <\/em><\/p>\n

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PayPal gained $8.50 to 498.13<\/b> after reporting higher than consensus second quarter revenues and earnings. <\/em><\/p>\n

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Electronic Arts advanced $1.14 to $130.03<\/b> after reporting higher than consensus fiscal first quarter earnings. <\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cDefensive groups in the Staples and Utilities sectors popping up as areas to Accumulate in this week\u2019s chart books<\/strong>\u201d. Following is a link:<\/em><\/p>\n

http:\/\/www.equityclock.com\/2022\/08\/02\/stock-market-outlook-for-august-3-2022\/<\/em><\/a><\/p>\n

 <\/p>\n

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

TSX Information Technology iShares $XIT.TO moved above $35.00 extending an intermediate uptrend. <\/p>\n

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PayPal $PYPL a NASDAQ 100 stock moved above $89.32 extending an intermediate uptrend. <\/p>\n

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Fastenal $FAST a NASDAQ 100 stock moved above $51.64 extending an intermediate uptrend.<\/p>\n

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Rogers Communications $RCI $RCI.B.TO a TSX 60 stock moved below US$44.53 and Cdn$57.90 extending an intermediate downtrend.<\/p>\n

\"clip_image004\"<\/a><\/p>\n

Restaurants Brands International $QSR.TO a TSX 60 stock moved above Cdn$69.19 extending an intermediate uptrend.<\/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 August 2nd<\/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

 <\/p>\n

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

Daily Seasonal\/Technical Commodities Trends for August 2nd<\/sup> 2022<\/p>\n

\"clip_image009\"<\/a><\/p>\n

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

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

 <\/p>\n

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

Daily Seasonal\/Technical Sector Trends for August 2nd<\/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

Link offered by valued provider<\/strong><\/font><\/p>\n

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

Tom Bowley<\/strong><\/font><\/em> says \u201cFalling yields spurring stocks<\/strong><\/em>\u201d<\/p>\n

https:\/\/www.youtube.com\/watch?v=vop_U4K_7Ok<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer dropped 4.60 to 71.80 yesterday. It remains Overbought.<\/p>\n

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The long term Barometer slipped 2.80 to 33.40 yesterday. It remains Oversold. <\/p>\n

 <\/p>\n

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

\"clip_image014\"<\/a><\/p>\n

The intermediate term Barometer slipped 6.30 to 55.04 yesterday. It changed from Overbought to Neutral on a drop below 60.00.<\/p>\n

\"clip_image015\"<\/a><\/p>\n

The long term Barometer slipped 1.26 to 36.55 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 Wednesday August 3rd U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points in pre-opening trade. Starbucks added $1.98 to $85.69 after reporting higher than consensus fiscal third quarter revenues and earnings. Advanced Micro Devices dropped $6.28 to $93.01 after lowering third quarter guidance below consensus estimates. […]<\/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-158158","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/158158","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=158158"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/158158\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=158158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=158158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=158158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}