{"id":158669,"date":"2022-08-19T02:22:00","date_gmt":"2022-08-19T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=158669"},"modified":"2022-08-19T08:48:17","modified_gmt":"2022-08-19T12:48:17","slug":"tech-talk-for-friday-august-19th-2022","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2022\/08\/19\/tech-talk-for-friday-august-19th-2022\/","title":{"rendered":"Tech Talk for Friday August 19th 2022"},"content":{"rendered":"

Pre-opening Comments for Friday August 19th<\/sup> 2022<\/strong><\/font><\/em><\/p>\n

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U.S. equity index futures were lower this morning.<\/b> S&P 500 futures were down 42 points in pre-opening trade.<\/em><\/p>\n

Applied Materials $AMAT gained $0.30 to $108.57<\/b> after reporting higher than consensus third quarter results. <\/em><\/p>\n

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Home Depot added $3.29 to $328.50<\/b> after the company authorized a $15 billion share buyback program.<\/em><\/p>\n

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Deere dropped $19.99 to $348.00<\/b> after reporting less than consensus fiscal third quarter earnings. <\/em><\/p>\n

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Foot Locker advanced $6.41 to $38.39<\/b> after reporting higher than consensus second quarter revenues and earnings. <\/em><\/p>\n

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

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Headline reads \u201cInventory injection season for Natural Gas has been much weaker than average, which keeps a tailwind behind the price of the commodity into the high demand winter heating season<\/strong>\u201d. Following is a link:<\/em><\/p>\n

http:\/\/www.equityclock.com\/2022\/08\/18\/stock-market-outlook-for-august-19-2022\/<\/em><\/a><\/p>\n

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Wolf on Bay Street<\/em><\/strong><\/font><\/p>\n

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Don Vialoux is a guest on this week\u2019s radio show. Tune in to Corus 640 at 7:00 PM EDT on Saturday.<\/em><\/p>\n

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

Energy SPDRs $XLE moved above $78.66 resuming an intermediate uptrend. <\/p>\n

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U.S. Insurance iShares $IAK moved above $88.90 extending an intermediate uptrend. <\/p>\n

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MetLife $MET an S&P 100 stock moved above $67.99 extending an intermediate uptrend.<\/p>\n

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Wheat ETN $WEAT moved below $7.81 extending an intermediate downtrend. <\/p>\n

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Baidu $BIDU a NASDAQ 100 stock moved below 128.50 setting an intermediate downtrend.<\/p>\n

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Pembina Pipeline $PPL.TO a TSX 60 stock moved above $49.06 extending an intermediate uptrend. <\/p>\n

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

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

Daily Seasonal\/Technical Equity Trends for August 18th 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><\/p>\n

Daily Seasonal\/Technical Commodities Trends for August 18th 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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Sectors<\/font><\/p>\n

Daily Seasonal\/Technical Sector Trends for August 18th 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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Links offered by valued providers<\/strong><\/font><\/p>\n

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Lawrence McMillan<\/strong><\/em><\/font> opinion: \u201cNow that the S&P 500 is looking overbought, watch what happens to this downtrend line that defines the bear market<\/strong><\/em>\u201d.<\/b><\/p>\n

https:\/\/www.marketwatch.com\/story\/watch-this-downtrend-line-on-the-s-p-500-01660834272?itm_source=parsely-api&mod=mw_pushly&send_date=20220818<\/a><\/p>\n

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Mark Hulbert<\/em><\/strong><\/font> opinion: \u201cProceed with caution if you trade stocks based on this popular market signal<\/strong><\/em>\u201d.<\/p>\n

https:\/\/www.marketwatch.com\/story\/proceed-with-caution-if-you-trade-stocks-based-on-this-popular-market-signal-11660849285?mod=home-page<\/a><\/p>\n

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David Hunter<\/em><\/strong><\/font> talks about \u201cS&P 500 Upside Target 6000<\/strong><\/em>\u201d<\/p>\n

https:\/\/www.youtube.com\/watch?v=r4y-LEX-gus<\/a><\/p>\n

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

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The intermediate term Barometer added 0.40 to 92.00 yesterday. It remains Overbought.<\/p>\n

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The long term Barometer added 1.40 to 49.80 yesterday. It remains Neutral. Trend remains up.<\/p>\n

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

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The intermediate term Barometer added 5.04 to 73.53 yesterday. It remains Overbought. Trend remains up.<\/p>\n

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The long term Barometer was unchanged at 46.22 yesterday. It remains Neutral. <\/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 Friday August 19th 2022 U.S. equity index futures were lower this morning. S&P 500 futures were down 42 points in pre-opening trade. Applied Materials $AMAT gained $0.30 to $108.57 after reporting higher than consensus third quarter results. Home Depot added $3.29 to $328.50 after the company authorized a $15 billion share buyback […]<\/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-158669","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/158669","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=158669"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/158669\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=158669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=158669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=158669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}