{"id":159815,"date":"2022-09-28T02:22:00","date_gmt":"2022-09-28T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=159815"},"modified":"2022-09-28T08:41:07","modified_gmt":"2022-09-28T12:41:07","slug":"tech-talk-for-wednesday-september-28th-2022","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2022\/09\/28\/tech-talk-for-wednesday-september-28th-2022\/","title":{"rendered":"Tech Talk for Wednesday September 28th 2022"},"content":{"rendered":"

Pre-opening Comments for Wednesday September 28th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 6 points in pre-opening trade.<\/em><\/p>\n

Apple dropped $5.75 to $146.01<\/b> after reducing production plans for its Apple 14 iPhone. <\/em><\/p>\n

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

BlackBerry dropped $0.15 to US$4.94 <\/b>after reporting lower than consensus fiscal second quarter earnings. <\/em><\/p>\n

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Progress Software dropped $0.58 to $40.99<\/b> after reporting lower than consensus third quarter profits. <\/em><\/p>\n

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Biogen jumped $88.97 to $286.76<\/b> on pending regulatory approval of its Alzheimer drug. Target prices were raised by several Wall Street brokers.<\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cLook to buy stocks and bonds when the yield on the 10-year Treasury note closes in on the Fed\u2019s year-end target for Fed Fund Rate at 4.4%<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2022\/09\/27\/stock-market-outlook-for-september-28-2022\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Financial SPDRs $XLF moved below $30.21 extending an intermediate downtrend. <\/p>\n

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Medical Devices iShares $IHI moved below $47.13 extending an intermediate downtrend.<\/p>\n

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Italy iShares $EWI moved below $21.21 extending an intermediate downtrend. <\/p>\n

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Insurance iShares $IAK moved below $78.17 extending an intermediate downtrend.<\/p>\n

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JP Morgan $JPM a Dow Jones Industrial Average stock moved below $106.06 extending an intermediate downtrend. <\/p>\n

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Phillip Morris International $PM an S&P 100 stock moved below $87.03 extending an intermediate downtrend. <\/p>\n

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Exelon $EXC an S&P 100 stock moved below $39.87 extending an intermediate downtrend. <\/p>\n

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Fox $FOX an S&P 100 stock moved below $28.73 extending an intermediate downtrend.<\/p>\n

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Mondelez $MDLZ a NASDAQ 100 stock moved below $57.49 extending an intermediate downtrend.<\/p>\n

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BCE $BCE.TO a TSX 60 stock moved below $60.52 extending an intermediate downtrend.<\/p>\n

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Power Corp $POW.TO a TSX 60 stock moved below $32.12 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<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Equity Trends for September 27th<\/sup> 2022<\/p>\n

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

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

 <\/p>\n

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

Daily Seasonal\/Technical Commodities Trends for September 27th<\/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

 <\/p>\n

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

Daily Seasonal\/Technical Sector Trends for September 27th<\/sup> 2021 <\/p>\n

\"clip_image017\"<\/a> Green: Increase from previous day<\/font><\/em><\/p>\n

Red: Decrease from previous day<\/font><\/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 \u201cI\u2019m calling this market bottom 2.0<\/strong><\/em>\u201d.<\/p>\n

I’m Calling This Market Bottom 2.0 | Tom Bowley | Trading Places (09.27.22) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Greg Taylor<\/font><\/em><\/strong> says \u201cIf the U.S. Dollar breaks down, gold could be the best performing asset<\/strong><\/em>\u201d<\/p>\n

If the U.S. dollar breaks down, gold could be the best-performing asset class: Greg Taylor \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

\"clip_image018\"<\/a><\/p>\n

The intermediate term Barometer added 0.40 to 3.40 yesterday. It remains extremely Oversold, but showing early signs of bottoming. Trend remains down<\/p>\n

\"clip_image019\"<\/a><\/p>\n

The long term Barometer dropped another 1.20 to 11.40 yesterday. It remains Oversold. Trend remains down.<\/p>\n

 <\/p>\n

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

\"clip_image020\"<\/a><\/p>\n

The intermediate term Barometer added 0.85 to 8.05 yesterday. It remains extremely Oversold, but showing early signs of bottoming. Trend remains down. <\/p>\n

\"clip_image021\"<\/a><\/p>\n

The long term Barometer added 0.42 to 17.37. It remains Oversold, but showing early signs of bottoming. Trend remains down.<\/p>\n

 <\/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 Wednesday September 28th U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade. Apple dropped $5.75 to $146.01 after reducing production plans for its Apple 14 iPhone. BlackBerry dropped $0.15 to US$4.94 after reporting lower than consensus fiscal second quarter earnings. Progress Software dropped […]<\/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-159815","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/159815","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=159815"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/159815\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=159815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=159815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=159815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}