{"id":159236,"date":"2022-09-09T02:22:00","date_gmt":"2022-09-09T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=159236"},"modified":"2022-09-09T08:51:12","modified_gmt":"2022-09-09T12:51:12","slug":"tech-talk-for-friday-september-9th-2022","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2022\/09\/09\/tech-talk-for-friday-september-9th-2022\/","title":{"rendered":"Tech Talk for Friday September 9th 2022"},"content":{"rendered":"

Pre-opening Comments for Friday September 9th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 30 points in pre-opening trade.<\/em><\/p>\n

The Canadian Dollar dropped 0.15 to US76.70 cents following release of Canada\u2019s August Employment report at 8:30 AM EDT<\/b>. Consensus was an increase of 15,000 jobs versus a decline of 30,600 in July. Actual was a drop of 39,700. Consensus for the August Unemployment Rate was an increase to 5.0% from 4.9% in July. Actual was an increase to 5.4%.<\/em><\/p>\n

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DocuSign advanced $10.50 to $68.39<\/b> after reporting higher than consensus second quarter revenues and earnings. The company also offered positive third quarter guidance. <\/em><\/p>\n

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Smith & Wesson dropped $0.99 to $12.44<\/b> after reporting lower than consensus fiscal first quarter sales. <\/em><\/p>\n

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Regeneron advanced $5.65 to $714.50<\/b> after Morgan Stanley upgraded the stock from Equal Weight to Overweight.<\/em><\/p>\n

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

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

Headline reads \u201cAre Banks providing yet another leading indication that the intermediate-term trend of the broader market is shifting<\/strong>\u201d?<\/em><\/p>\n

http:\/\/www.equityclock.com\/2022\/09\/08\/stock-market-outlook-for-september-9-2022\/<\/em><\/a><\/p>\n

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

Upcoming Event\u2026<\/font><\/em><\/b><\/p>\n

Using Seasonality to Determine Where We Are in the Economic Cycle (Recession)? and How to Invest<\/em><\/b><\/a><\/b><\/p>\n

Saturday, September 17, 2022 | <\/b><\/font><\/em><\/p>\n

3:00 pm \u2013 3:45 pm EDT<\/b>
<\/font>Some leading indicators are hinting that we are on the path towards an economic recession, traditionally an ideal time to abandon risk in portfolios. Jon Vialoux will show you what he\u2019s looking at and how to best position your portfolio using seasonal analysis.<\/em><\/p>\n

Click on the following registration link to book your FREE spot to our presentation: <\/em>Register Now<\/em><\/b><\/a><\/p>\n

 <\/p>\n

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 <\/p>\n

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

Regeneron $REGN a NASDAQ 100 stock moved above $652.52 extending an intermediate uptrend.<\/p>\n

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Restaurant Brands International $QSR.TO, a TSX 60 stock moved above Cdn$78.76 extending an intermediate uptrend.
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CCL Industries $CCL.B a TSX 60 stock moved above $66.17 extending an intermediate uptrend.<\/p>\n

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Loblaw Companies $LTO a TSX 60 stock moved below intermediate support at $114.74.<\/p>\n

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Technical score for Palladium increased from 0 to 6 yesterday:<\/p>\n

\u00b7 Relative strength turned positive<\/p>\n

\u00b7 Momentum indicators (RSI, MACD, Stochastic) turned higher<\/p>\n

\u00b7 Moved above its 20, 50 and 200 day moving averages.<\/p>\n

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 <\/p>\n

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 September 8th<\/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<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Commodities Trends for September 8th<\/sup> 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

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

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

Daily Seasonal\/Technical Sector Trends for September 8th<\/sup> 2021 <\/p>\n

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

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

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

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

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

Tom Bowley<\/font><\/em><\/strong> says \u201cS&P 500 holds critical support<\/em><\/strong>\u201d<\/p>\n

S&P 500 Holds Critical Support | Tom Bowley | Trading Places (09.08.22) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Jeff Huge<\/font><\/em><\/strong> asks \u201c1987 Redux using Elliott Wave Analysis<\/strong><\/em>?<\/p>\n

1987 Redux? | Jeffrey Huge, CMT | Your Daily Five (09.08.22) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added another 7.00 to 57.00 yesterday. It remains Neutral. Trend is up.<\/p>\n

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The long term Barometer added 2.20 to 36.00 yesterday. It remains Oversold. Trend is up.<\/p>\n

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

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The intermediate term Barometer added 3.13 to 45.57 yesterday. It remains Neutral. Trend is up.<\/p>\n

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The long term Barometer added 0.55 to 31.22 yesterday. It remains Oversold.<\/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 Friday September 9th U.S. equity index futures were higher this morning. S&P 500 futures were up 30 points in pre-opening trade. The Canadian Dollar dropped 0.15 to US76.70 cents following release of Canada\u2019s August Employment report at 8:30 AM EDT. Consensus was an increase of 15,000 jobs versus a decline of 30,600 […]<\/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-159236","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/159236","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=159236"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/159236\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=159236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=159236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=159236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}