{"id":159377,"date":"2022-09-15T02:22:00","date_gmt":"2022-09-15T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=159377"},"modified":"2022-09-15T07:48:35","modified_gmt":"2022-09-15T11:48:35","slug":"tech-talk-for-thursday-september-15th-2022","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2022\/09\/15\/tech-talk-for-thursday-september-15th-2022\/","title":{"rendered":"Tech Talk for Thursday September 15th 2022"},"content":{"rendered":"

Pre-opening Comments for Thursday September 15th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were mixed this morning.<\/b> S&P 500 futures were up 1 point at 7:30 AM EDT.<\/em><\/p>\n

A tentative labour agreement between railway companies and their unions was reached this morning.<\/em><\/b><\/p>\n

A series of U.S. economic news is scheduled to be released before the opening today<\/em><\/b><\/p>\n

August Retail Sales<\/b> released at 8:30 AM EDT are expected to increase 0.5% versus a gain of 0.8% in July. Excluding auto sales, August Retail Sales are expected to increase 0.2% versus a gain of 0.4% in July.<\/em><\/p>\n

September Empire State Manufacturing Survey<\/b> released at 8:30 AM EDT is expected to improve to -13.90 from -31.30 in August.<\/em><\/p>\n

September Philly Fed Index<\/b> released at 8:30 AM EDT is expected to slip to 3.5 from 6.2 in August.<\/em><\/p>\n

August Capacity Utilization<\/b> released at 9:15 AM EDT is expected to be unchanged from July at 80.3%. August Industrial Production<\/b> is expected to increase 0.2% versus a gain of0.6% in July.<\/em><\/p>\n

Danaher advanced $12.27 to $294.00<\/b> after announcing plans to spin off its environmental unit.<\/em><\/p>\n

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Arconic plunged $2.48 to $23.05<\/b> after lowering second half revenue and earnings guidance. <\/em><\/p>\n

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

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

Headline reads \u201cForget energy and focus on this energy alternative trade that is breaking out to fresh all-time highs within its optimal holding period<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2022\/09\/14\/stock-market-outlook-for-september-15-2022\/<\/em><\/a><\/p>\n

 <\/p>\n

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

 <\/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 | 3:00 pm \u2013 3:45 pm EDT<\/b>
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

<\/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

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

Starbucks $SBUX a Dow Jones Industrial Average stock moved above $89.93 extending an intermediate uptrend. <\/p>\n

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O\u2019Reilly Automotive $ORLY a NASDAQ 100 stock moved below $692.29 setting an intermediate downtrend. <\/p>\n

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Chart of the day<\/strong><\/font><\/p>\n

Technical score for Natural Gas increased from 0 to 4 when units moved above their 20 day moving average and strength relative to the S&P 500 Index changed from Negative to Neutral. In addition, the three daily momentum indicators (Stochastics, RSI and MACD) are trending higher and seasonal influences remain positive to October 31st<\/sup><\/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 September 14th<\/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

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

Daily Seasonal\/Technical Commodities Trends for September 14th<\/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

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

Daily Seasonal\/Technical Sector Trends for September 14th<\/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

 <\/p>\n

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

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

Mark Bunting<\/em><\/strong><\/font> and www.uncommonsenseinvestor.com<\/a> offered the following links<\/p>\n

Five Strategies for 60\/40 Investors – Uncommon Sense Investor<\/a><\/p>\n

 <\/p>\n

Greg Schnell<\/font><\/em><\/strong> discusses \u201cFlip Flopping Markets<\/strong><\/em>\u201d<\/p>\n

Flip Flopping Markets | Greg Schnell, CMT | Market Buzz (09.14.22) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer slipped 0.80 to 38.80 yesterday. It remains Oversold.<\/p>\n

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The long term Barometer slipped 0.40 to 31.60 yesterday. It remains Oversold.<\/p>\n

 <\/p>\n

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

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The intermediate term Barometer was unchanged yesterday at 55.70. It remains Neutral.<\/p>\n

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The long term Barometer added 2.11 to 36.71 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 Thursday September 15th U.S. equity index futures were mixed this morning. S&P 500 futures were up 1 point at 7:30 AM EDT. A tentative labour agreement between railway companies and their unions was reached this morning. A series of U.S. economic news is scheduled to be released before the opening today August […]<\/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-159377","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/159377","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=159377"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/159377\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=159377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=159377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=159377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}