{"id":158364,"date":"2022-08-10T02:22:00","date_gmt":"2022-08-10T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=158364"},"modified":"2022-08-10T08:46:10","modified_gmt":"2022-08-10T12:46:10","slug":"tech-talk-for-wednesday-august-10th-2022","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2022\/08\/10\/tech-talk-for-wednesday-august-10th-2022\/","title":{"rendered":"Tech Talk for Wednesday August 10th 2022"},"content":{"rendered":"

Pre-opening Comments for Wednesday August 10th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 60 points in pre-opening trade.<\/em><\/p>\n

Index futures moved higher following release of the U.S. July Consumer Price Index report at 8:30 AM EDT<\/b>. Consensus was an increase of 0.2% versus a gain of 1.3% in June. Actual was unchanged from June. On a year-over-year basis consensus was an increase of 8.8% versus 9.1% in June. Actual was an increase of 8.5%. Excluding food and energy, consensus for July CPI was an increase of 0.5% versus a gain of 0.7% in June. Actual was an increase of 0.3%. On a year-over-year basis, consensus was an increase of 6.1% versus a gain of 5.9% in June. Actual was unchanged from June at 5.9%.<\/em><\/p>\n

H&R Block added $1.58 to $41.02<\/b> after reporting higher than consensus fiscal fourth quarter earnings. <\/em><\/p>\n

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Wynn Resort dropped $3.03 to $63.00<\/b> after reporting lower than consensus second quarter revenues. <\/em><\/p>\n

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Wendy\u2019s slipped $0.11 to $21.00<\/b> after reporting lower than consensus second quarter revenues.<\/em><\/p>\n

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

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Headline reads \u201cInvestors are being observed de-risking around levels of significant resistance<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2022\/08\/09\/stock-market-outlook-for-august-10-2022\/<\/em><\/a><\/p>\n

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

Vertex Pharmaceuticals $VRTX a NASDAQ 100 stock moved above $296.84 extending an intermediate uptrend. <\/p>\n

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American International Group $AIG an S&P 100 stock moved above $53.41 completing a double bottom pattern. <\/p>\n

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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 August 9th<\/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

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

Daily Seasonal\/Technical Commodities Trends for August 9th<\/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

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

Daily Seasonal\/Technical Sector Trends for August 9th<\/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

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

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Tom Bowley<\/em><\/strong><\/font> notes \u201cS&P 500 short term top is here<\/em><\/strong>\u201d<\/p>\n

S&P 500 Short-Term TOP is Here | Tom Bowley | Trading Places (08.09.22) \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer dropped 2.00 to 72.80 yesterday. It remains Overbought.<\/p>\n

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The long term Barometer dropped 2.00 to 35.60 yesterday. It remains Oversold. <\/p>\n

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

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The intermediate term Barometer dropped 2.52 to 57.98 yesterday. It changed from Overbought to Neutral on a move below 60.00.<\/p>\n

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The long term Barometer slipped 0.84 to 36.97 yesterday. It remains Oversold. <\/p>\n

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Disclaimer:<\/b> Seasonality ratings 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 10th U.S. equity index futures were higher this morning. S&P 500 futures were up 60 points in pre-opening trade. Index futures moved higher following release of the U.S. July Consumer Price Index report at 8:30 AM EDT. Consensus was an increase of 0.2% versus a gain of 1.3% in June. […]<\/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-158364","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/158364","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=158364"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/158364\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=158364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=158364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=158364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}