{"id":161131,"date":"2022-11-15T02:22:00","date_gmt":"2022-11-15T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=161131"},"modified":"2022-11-15T08:44:18","modified_gmt":"2022-11-15T13:44:18","slug":"tech-talk-for-tuesday-november-15th-2022","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2022\/11\/15\/tech-talk-for-tuesday-november-15th-2022\/","title":{"rendered":"Tech Talk for Tuesday November 15th 2022"},"content":{"rendered":"

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

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 77 points in pre-opening trade.<\/em><\/p>\n

Equity index futures moved higher following release of economic news at 8:30 AM EST.<\/b> October Producer Price Index was expected to increase 0.4% versus a gain of 0.4% in September. Actual was an increase of 0.2% On a year-over-year basis October PPI was expected to increase 8.3% versus 8.5% in September. Actual was an increase of 8.0% Excluding food and energy, October Producer Price Index was expected to increase 0.4 % versus a gain of 0.3% in September. Actual was unchanged . On a year-over-year basis, October PPI was expected to increase 7.2% versus a gain of 7.2% in September. Actual was an increase of 6.7%. November Empire State Manufacturing Survey<\/b> was expected to improve to -7.00 from -9.10 in October. Actual was an improvement to +4.5.<\/em><\/p>\n

Taiwan Semiconductor advanced $4.50 to $77.20<\/b> after Berkshire Hathaway announced accumulation of the stock in the third quarter.<\/em><\/p>\n

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Home Depot slipped $2.92 to $304.00<\/b> after lowering fiscal fourth quarter guidance.<\/em><\/p>\n

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Louisiana Pacific advanced $5.50 to $64.40<\/b> after Berkshire Hathaway announced accumulation of the stock in the third quarter.<\/em><\/p>\n

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

Headline reads \u201cMajor benchmarks are testing resistance at their summer highs, a logical point for near-term digestion before the next period of seasonal strength begins<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2022\/11\/14\/stock-market-outlook-for-november-15-2022\/<\/em><\/a><\/p>\n

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

NASDAQ Biotech iShares<\/b> $IBB moved above $134.99 and $135.35 completing a long term reverse Head & Shoulders pattern. <\/p>\n

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Caterpillar<\/b> $CAT a Dow Jones Industrial Average stock moved above $238.42 to an all-time high extending an intermediate uptrend. <\/p>\n

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Comcast<\/b> $CMCSA an S&P 100 stock moved above $34.26 completing a base building pattern. <\/p>\n

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AbbVie<\/b> $ABBV an S&P 100 stock moved above $153.99 extending an intermediate uptrend.<\/p>\n

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Oracle <\/b>$ORCL an S&P 100 stock moved above $79.47 extending an intermediate uptrend. <\/p>\n

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Netlflix<\/b> $NFLX a NASDAQ 100 stock moved above $305.63 extending an intermediate uptend. <\/p>\n

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Magna International<\/b> $MG.TO a TSX 60 stock moved above $83.77 resuming an intermediate uptrend. <\/p>\n

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Silver stocks continue to respond to higher silver prices. Hecla Mining<\/b> $HL moved above $5.17 extending an intermediate uptrend. <\/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 November 14th<\/sup> 2022<\/p>\n

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

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

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

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

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

Daily Seasonal\/Technical Sector Trends for November 14th<\/sup> 2021 <\/p>\n

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

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

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

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

Mary Ellen McGonagle<\/font><\/strong><\/em> sees \u201cSharp reversals and how to capitalize<\/strong><\/em>\u201d.<\/p>\n

Sharp Reversals And How To Capitalize | Mary Ellen McGonagle | The MEM Edge (11.11.22) \u2013 YouTube<\/a><\/p>\n

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Leslie Jouflas<\/font><\/em><\/strong> discusses \u201cMonitoring key S&P 500 levels<\/strong><\/em>\u201d.<\/p>\n

Monitoring Key S&P 500 Levels | Leslie Jouflas, CMT | Your Daily Five (11.14.22) \u2013 YouTube<\/a><\/p>\n

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Teal Linde\u2019s<\/font><\/em><\/strong> top market picks<\/p>\n

Teal Linde’s Top Market Picks \u2013 YouTube<\/a><\/p>\n

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Lisa Riesman<\/font><\/strong><\/em> says \u201cConditions may be right for another nickel squeeze<\/em><\/strong>\u201d. Also a discussion on copper, lithium and aluminum<\/p>\n

Conditions may be ripe for another Nickel squeeze \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer slipped 3.20 to 78.80. It remains Overbought.<\/p>\n

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The long term Barometer dropped 3.00 to 52.40. It remains Neutral.<\/p>\n

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

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The intermediate term Barometer dropped 4.24 to 72.88. It remains Overbought.<\/p>\n

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The long term Barometer dropped 6.78 to 44.49. It remains Neutral.<\/p>\n

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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 November 15th U.S. equity index futures were higher this morning. S&P 500 futures were up 77 points in pre-opening trade. Equity index futures moved higher following release of economic news at 8:30 AM EST. October Producer Price Index was expected to increase 0.4% versus a gain of 0.4% in September. Actual […]<\/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-161131","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/161131","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=161131"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/161131\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=161131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=161131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=161131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}