{"id":159511,"date":"2022-09-20T02:22:00","date_gmt":"2022-09-20T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=159511"},"modified":"2022-09-20T08:42:44","modified_gmt":"2022-09-20T12:42:44","slug":"tech-talk-for-tuesday-september-20th-2022","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2022\/09\/20\/tech-talk-for-tuesday-september-20th-2022\/","title":{"rendered":"Tech Talk for Tuesday September 20th 2022"},"content":{"rendered":"

Pre-opening Comments for Tuesday September 20th<\/sup><\/strong><\/font><\/em><\/p>\n

Equity Index futures were lower this morning<\/b>. S&P 500 futures were down 30 points in pre-opening trade.<\/em><\/p>\n

Index futures were virtually unchanged following release of the August U.S. Housing Starts report<\/b> at 8:30 AM EDT<\/b>. Consensus was a slip to 1.440 million units from 1.446 million units in July. Actual was an increase to 1.575 million units.<\/em><\/p>\n

The Canadian Dollar slipped 0.13 to US75.11 cents following release of Canada\u2019s August Consumer Price Index<\/b> at 8:30 AM EDT<\/b>. On a year-over-year basis, August CPI was expected to increase 7.3% versus a gain of 7.6% in July. Actual was an increase of 7.0%.<\/em><\/p>\n

Ford dropped $0.82 to $0.82 to $14.11<\/b> after lowering third quarter revenue and earnings guidance. <\/em><\/p>\n

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

Nike slipped $2.40 to $104.81<\/b> after Barclay\u2019s downgraded the stock to Equal Weight.<\/em><\/p>\n

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

Western Digital eased $0.62 to $36.00<\/b> after Deutsche Bank downgraded the stock to Hold.<\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cThe charts of Consumer Staples industries charting significant topping patterns, requiring a new defensive allocation for portfolios before the strongest time of year for stocks begins in October<\/strong>.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2022\/09\/19\/stock-market-outlook-for-september-20-2022\/<\/em><\/a><\/p>\n

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

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

Kinross Gold $K.TO a TSX 60 stock moved above Cdn$4.77 completing a base building pattern. <\/p>\n

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

Utilities SPDRs $XLU moved below $74.05 completing a double top pattern. <\/p>\n

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Energy SPDRs XLE moved below $76.78 setting an intermediate downtrend. <\/p>\n

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First Trust Natural Gas ETF $FCG moved below $24.83 setting an intermediate downtrend. .<\/p>\n

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

Microsoft $MSFT a Dow Jones Industrial Average stock moved below $241.00 resuming an intermediate downtrend. <\/p>\n

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Check Point $CHKP a NASDAQ 100 stock moved below $116.44 extending an intermediate downtrend.<\/p>\n

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Okta $Okta a NASDAQ 100 stock moved below $58.12 extending an intermediate downtrend. <\/p>\n

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 <\/p>\n

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

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

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

Daily Seasonal\/Technical Equity Trends for September 19th<\/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

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

Daily Seasonal\/Technical Commodities Trends for September 19th<\/sup> 2022<\/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

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

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

Daily Seasonal\/Technical Sector Trends for September 19th<\/sup> 2021 <\/p>\n

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

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

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

 <\/p>\n

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

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

The intermediate term Barometer added 6.00 to 32.00 yesterday. It remains Oversold.<\/p>\n

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

The long term Barometer added 1.40 to 29.00 yesterday. It remains Oversold.<\/p>\n

 <\/p>\n

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

\"clip_image016\"<\/a><\/p>\n

The intermediate term Barometer added 5.91 to 47.26 yesterday. It remains Neutral.<\/p>\n

\"clip_image017\"<\/a><\/p>\n

The long term Barometer added 2.95 to 33.33 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 Tuesday September 20th Equity Index futures were lower this morning. S&P 500 futures were down 30 points in pre-opening trade. Index futures were virtually unchanged following release of the August U.S. Housing Starts report at 8:30 AM EDT. Consensus was a slip to 1.440 million units from 1.446 million units in July. […]<\/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-159511","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/159511","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=159511"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/159511\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=159511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=159511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=159511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}