{"id":161164,"date":"2022-11-16T02:22:00","date_gmt":"2022-11-16T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=161164"},"modified":"2022-11-16T08:46:19","modified_gmt":"2022-11-16T13:46:19","slug":"tech-talk-for-wednesday-november-16th-2022","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2022\/11\/16\/tech-talk-for-wednesday-november-16th-2022\/","title":{"rendered":"Tech Talk for Wednesday November 16th 2022"},"content":{"rendered":"

Pre-opening Comments for Wednesday November 16th<\/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

Index futures improved slightly following release of the October U.S. Retail Sales report at 8:30 AM EST<\/b>. Consensus was an increase of 0.8%. Actual was an increase of 1.3%. Excluding auto sales, October Retail Sales was expected to increase 0.4% versus a gain of 0.1% in September. Actual was an increase of 1.3%..<\/b><\/em><\/p>\n

The Canadian Dollar eased 0.15 to US75.35 following release of Canada\u2019s October CPI report at 8:30 AM EST. <\/b>October Canadian Consumer Price Index released at 8:30 AM EST was expected to increase 0.8% versus a gain of 0.1% in September. Actual was an increase of 0.7%. On a year-over-year basis, October CPI is expected to increase 7.0% versus a gain of 6.9% in September. Actual was an increase of 6.9%. <\/b><\/em><\/p>\n

October U.S. Capacity Utilization<\/b> to be released at 9:15 AM EST is expected to increase to 80.4% from September at 80.3%. October Industrial Production<\/b> is expected to increase 0.2% versus a gain of 0.4% in September. <\/em><\/p>\n

Advanced Auto Parts<\/b> $AAP dropped $20.95 to $162.99 after reporting lower than consensus third quarter revenues and earnings.<\/em><\/p>\n

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

<\/b><\/p>\n

<\/b><\/p>\n

<\/b><\/p>\n

<\/b><\/p>\n

Nike $NKE dropped $1.71 to $105.00<\/b> after warning of weakening demand for its products. <\/em><\/p>\n

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

Target $TGT plunged $23.88 to $155.10<\/b> after reporting less than consensus fiscal third quarter results.<\/em><\/p>\n

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

 <\/p>\n

Headline reads \u201cWaning economic demand continues to take its toll on shipping and manufacturing activity, the trajectories of which point to a recession on the horizon<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2022\/11\/15\/stock-market-outlook-for-november-16-2022\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Wal-Mart $WMT a Dow Jones Industrial Average stock moved above $142.72 after reporting higher than consensus fiscal third quarter results.<\/p>\n

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

ASML $ASML a NASDAQ 100 stock moved above $590.97 extending an intermediate uptrend. <\/p>\n

\"clip_image002\"<\/a><\/p>\n

Applied Material $AMAT a NASDAQ 100 stock moved above $111.37 extending an intermediate uptrend.<\/p>\n

\"clip_image003\"<\/a><\/p>\n

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

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

Visa $Van S&P 100 stock moved above $211.05 extending an intermediate uptrend. <\/p>\n

\"clip_image005\"<\/a><\/p>\n

 <\/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 November 15th<\/sup> 2022<\/p>\n

\"clip_image007\"<\/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 November 15th<\/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

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

Daily Seasonal\/Technical Sector Trends for November 15th<\/sup> 2021 <\/p>\n

\"clip_image011\"<\/a><\/p>\n

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

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

 <\/p>\n

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

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

Tom Bowley<\/em><\/strong><\/font> discusses \u201cHome construction building momentum<\/em><\/strong>\u201d.<\/p>\n

Home Construction "Building" Momentum | Tom Bowley | Trading Places (11.15.22) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Jim Cramer<\/font><\/em><\/strong> reacts to earnings from Wal-Mart and Home Depot.<\/p>\n

Jim Cramer reacts to earnings from Walmart, Home Depot \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

According to Larry Williams<\/font><\/em><\/strong>, \u201cThe end of the year is near<\/em><\/strong>\u201d.<\/p>\n

The End Is Near | Larry Williams Special Presentation (11.15.22) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

We have a positive view of the equity markets over the next 12 months, says Mariner’s Krumpelman<\/font><\/em><\/strong>: A comment on seasonality also is included.<\/p>\n

We have a positive view of the equity markets over the next 12 months, says Mariner’s Krumpelman \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Joe Rabil<\/font><\/em><\/strong> has five attractive stocks on the charts.<\/p>\n

5 Attractive Stocks | Joe Rabil | Your Daily Five (11.15.22) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

\"clip_image012\"<\/a><\/p>\n

The intermediate term Barometer added 3.00 to 81.80. It remains Overbought.<\/p>\n

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

The long term Barometer added 2.60 to 55.20. It remains Neutral.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer added 2.12 to 75.00. It remains Overbought.<\/p>\n

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

The long term Barometer added 1.69 to 46.19. It remains Neutral.<\/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 Wednesday November 16th U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade. Index futures improved slightly following release of the October U.S. Retail Sales report at 8:30 AM EST. Consensus was an increase of 0.8%. Actual was an increase of 1.3%. Excluding auto […]<\/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-161164","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/161164","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=161164"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/161164\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=161164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=161164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=161164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}