{"id":161189,"date":"2022-11-17T02:22:00","date_gmt":"2022-11-17T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=161189"},"modified":"2022-11-17T07:41:04","modified_gmt":"2022-11-17T12:41:04","slug":"tech-talk-for-thursday-november-17th-2022","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2022\/11\/17\/tech-talk-for-thursday-november-17th-2022\/","title":{"rendered":"Tech Talk for Thursday November 17th 2022"},"content":{"rendered":"

Pre-opening Comments for Thursday November 17th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 26 points at 7:30 AM EST.<\/em><\/p>\n

U.S. equity index futures were waiting for economic news at 8:30 AM EST.<\/b> October U.S. Housing Starts are expected to slip to 1.410 million units from 1.439 million units in September. November Philly Fed Index is expected to improve to -8.2 from -8.7 in October. <\/em><\/p>\n

Nvidia gained $2.10 to $161.20<\/b> after reporting higher than consensus third quarter revenues. <\/em><\/p>\n

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Cisco added $1.86 to $46.25<\/b> after reporting higher than consensus fiscal second quarter revenues. <\/em><\/p>\n

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

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

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

Bath and Body Works advanced $7.02 to $38.48<\/b> after offering positive guidance.<\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cThe consumer is increasingly focusing their budgets on necessities while shying away from discretionary goods, providing a rather pessimistic view of economic activity<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2022\/11\/16\/stock-market-outlook-for-november-17-2022\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Lowe\u2019s $LOW an S&P 100 stock moved above $219.99 extending an intermediate uptrend.
The company reported higher than consensus fiscal third quarter results.<\/p>\n

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Restaurant Brands International $QSR.TO a TSX 60 stock moved above Cdn$83.50 extending an intermediate uptrend. The company announced a new CEO.<\/p>\n

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 <\/p>\n

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 16th<\/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

 <\/p>\n

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

Daily Seasonal\/Technical Commodities Trends for November 16th<\/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

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

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

Daily Seasonal\/Technical Sector Trends for November 16th<\/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

 <\/p>\n

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

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

Link offered by Mark Bunting<\/em><\/strong><\/font> and www.uncommonsenseinvestor.com<\/a><\/p>\n

KEYNOTE: David Rosenberg | Red Cloud’s Mining Showcase 2022 \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Greg Schnell<\/font><\/em><\/strong> discusses \u201cSetting technical stops<\/em><\/strong>\u201d.<\/p>\n

Setting Technical Stops | Greg Schnell, CMT | Market Buzz (11.16.22) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Dave Keller\u2019s<\/font><\/em><\/strong> Final Bar. Features an interview with Ryan Detrick. His charts show that the strongest three consecutive quarters in the four year Presidential cycle are the fourth quarter in the second year of the cycle plus the first and second quarters in the third year. Also included is a chart showing that U.S. equity markets perform best during the two year period when Congress is in gridlock (as was confirmed late yesterday for the next Congress). <\/p>\n

https:\/\/www.youtube.com\/watch?v=0GWh8oKU26g<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 0.80 to 81.00. It remains Overbought.<\/p>\n

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The long term Barometer slipped 1.80 to 53.40. It remains Neutral.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer slipped 2.12 to 72.88. It remains Overbought.<\/p>\n

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The long term Barometer dropped 2.12 to 44.07. 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 Thursday November 17th U.S. equity index futures were lower this morning. S&P 500 futures were down 26 points at 7:30 AM EST. U.S. equity index futures were waiting for economic news at 8:30 AM EST. October U.S. Housing Starts are expected to slip to 1.410 million units from 1.439 million units in […]<\/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-161189","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/161189","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=161189"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/161189\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=161189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=161189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=161189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}