{"id":158745,"date":"2022-08-23T02:22:00","date_gmt":"2022-08-23T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=158745"},"modified":"2022-08-23T08:41:17","modified_gmt":"2022-08-23T12:41:17","slug":"tech-talk-for-tuesday-august-23rd-2022","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2022\/08\/23\/tech-talk-for-tuesday-august-23rd-2022\/","title":{"rendered":"Tech Talk for Tuesday August 23rd 2022"},"content":{"rendered":"

Pre-opening Comments for Tuesday August 23rd<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures advanced 2 points in pre-opening trade. <\/em><\/p>\n

Palo Alto Networks $PANW gained $43.85 to $552.00<\/b> after the company reported higher than consensus fiscal fourth quarter revenues and earnings. The company also announced a three for one stock split. Stifel raised its target price from $600 to $645. <\/em><\/p>\n

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

Zoom $ZM dropped $6.64 to $88.74<\/b> after the company lowered revenue and earnings estimates. Stifel lowered its target price from $120 to $90. <\/em><\/p>\n

\"clip_image002[1]\"<\/a><\/p>\n

Bank of Nova Scotia added $1.72 to Cdn$82.50 <\/b>after reporting higher than consensus fiscal third quarter earnings.<\/em><\/p>\n

\"clip_image003[1]\"<\/a><\/p>\n

Macy\u2019s added $0.39 to $19.00<\/b> after reporting higher than consensus second quarter earnings.<\/em><\/p>\n

\"clip_image004[1]\"<\/a><\/p>\n

 <\/p>\n

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

 <\/p>\n

Headline reads \u201cAfter today\u2019s session, you may need a drink and this industry that we just upgraded will cater to your need<\/strong>\u201d. Following is the link:<\/em><\/p>\n

http:\/\/www.equityclock.com\/2022\/08\/22\/stock-market-outlook-for-august-23-2022\/<\/em><\/a><\/p>\n

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

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

U.S. Dollar Index ETN $UUP closed at an all-time closing high at $29.17<\/p>\n

\"clip_image001\"<\/a><\/p>\n

Natural Gas ETN $UNG moved above $32.77 extending an intermediate uptrend <\/p>\n

\"clip_image002\"<\/a><\/p>\n

Wheaton Precious Metals $WPM a TSX 60 stock moved below US$31.56 extending an intermediate downtrend. <\/p>\n

\"clip_image003\"<\/a><\/p>\n

Match $MTCH a NASDAQ 100 stock moved below $59.15 extending an intermediate downtrend.<\/p>\n

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

Berkshire Hathaway $BRK.B an S&P 100 stock moved below intermediate support at 290.42.<\/p>\n

\"clip_image005\"<\/a><\/p>\n

 <\/p>\n

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

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

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

Daily Seasonal\/Technical Equity Trends for August 22nd<\/sup> 2022<\/p>\n

\"clip_image007\"<\/a><\/p>\n

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

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

 <\/p>\n

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

Daily Seasonal\/Technical Commodities Trends for August 22nd<\/sup> 2022<\/p>\n

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

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

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

 <\/p>\n

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

Daily Seasonal\/Technical Sector Trends for August 22nd<\/sup> 2021 <\/p>\n

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

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

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

 <\/p>\n

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

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

RBC\u2019s Calvasina: Stock rally can continue in very short term<\/p>\n

https:\/\/www.youtube.com\/watch?v=yDfFB41YLXM<\/a><\/p>\n

 <\/p>\n

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

\"clip_image012\"<\/a><\/p>\n

The intermediate term Barometer dropped 10.00 to 78.20 yesterday. It remains Overbought. Trend is down.<\/p>\n

\"clip_image013\"<\/a><\/p>\n

The long term Barometer dropped 7.20 to 37.80 yesterday. It changed from Neutral to Oversold after dropping below 40.00. Trend is down.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer slipped 1.26 to 66.81 yesterday. It remains Overbought.<\/p>\n

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

The long term Barometer dropped 2.94 to 39.92 yesterday. It changed from Neutral to Oversold on a drop below 40.00. Trend is down. <\/p>\n

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

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 Tuesday August 23rd U.S. equity index futures were higher this morning. S&P 500 futures advanced 2 points in pre-opening trade. Palo Alto Networks $PANW gained $43.85 to $552.00 after the company reported higher than consensus fiscal fourth quarter revenues and earnings. The company also announced a three for one stock split. Stifel […]<\/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-158745","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/158745","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=158745"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/158745\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=158745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=158745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=158745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}