{"id":161336,"date":"2022-11-23T02:22:00","date_gmt":"2022-11-23T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=161336"},"modified":"2022-11-23T08:46:39","modified_gmt":"2022-11-23T13:46:39","slug":"tech-talk-for-wednesday-november-23rd-2022","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2022\/11\/23\/tech-talk-for-wednesday-november-23rd-2022\/","title":{"rendered":"Tech Talk for Wednesday November 23rd 2022"},"content":{"rendered":"

Pre-opening Comments for Wednesday November 23rd<\/sup><\/strong><\/font><\/em><\/p>\n

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

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 2 points in pre-opening trade.<\/em><\/p>\n

Index futures were virtually unchanged following release of October Durable Goods Orders at 8:30 AM EST<\/b>. Consensus was an increase of 0.5% versus a gain of 0.4% in September. Actual was an increase of 1.0%. Excluding transportation orders, consensus was an increase of 0.1% versus unchanged in September. Actual was an increase of 0.5%.<\/em><\/p>\n

Focus today is on minutes to the last FOMC meeting released at 2:00 PM EST<\/b>. More news on the Federal Reserve\u2019s intentions to raise the Fed Fund rate is expected to be revealed. <\/em><\/p>\n

HP Inc<\/b> $HPQ slipped $0.21 to $29.16 after announcing a 10% reduction in its work force. <\/em><\/p>\n

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

Deere added $15.11 to $436.67<\/b> after reporting higher than consensus fourth quarter results.<\/em><\/p>\n

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

Nordstrom<\/b> $JWN dropped $1.14 to $21.51 after reporting a fiscal third quarter loss and less than consensus quarterly revenues.<\/em><\/p>\n

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Autodesk<\/b> dropped $16.40 to $192.50 after offering fourth quarter guidance below consensus. <\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cRatio of Gold Miners relative to the Gold fund is moving above a bottoming pattern ahead of the period of seasonal strength for the precious metal<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2022\/11\/22\/stock-market-outlook-for-november-23-2022\/<\/em><\/a><\/p>\n

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

Link offered by a valued provider<\/strong><\/font><\/em><\/p>\n

\u201cDuration says the bear market is over<\/strong>\u201d notes Dave Keller<\/em><\/p>\n

https:\/\/www.youtube.com\/watch?v=N2cfri8Iq4Q<\/em><\/a><\/p>\n

 <\/p>\n

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

Dow Jones Industrial Average SPDRs $DIA moved above intermediate resistance at $340.62. <\/p>\n

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Industrial SPDRs $XLI moved above intermediate resistance at $100.49<\/p>\n

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U.S. Insurance iShares IAK moved above $92.83 to an all-time high extending an intermediate uptrend. <\/p>\n

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Bank of New York Mellon $BK an S&P 100 stock moved above intermediate resistance at $45.04<\/p>\n

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Mondelez $MDLZ a NASDAQ 100 stock moved above intermediate resistance at $65.87.<\/p>\n

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Vertex $VRTX a NASDAQ 100 stock moved above $318.38 to an all-time high extending an intermediate uptrend. <\/p>\n

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Medtronic $MDT moved below $79.19 extending an intermediate downtrend.<\/p>\n

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Canadian Pacific $CP.TO a TSX 60 stock moved above Cdn$106.71 to an all-time high extending an intermediate uptrend. <\/p>\n

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George Weston $WN.TO, a TSX 60 stock moved above Cdn$161.36 to an all-time high extending an intermediate downtrend.<\/p>\n

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Pembina Pipeline $PPL.TO a TSX 60 stock moved above $47.42 extending an intermediate uptrend <\/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 November 22nd<\/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

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

Daily Seasonal\/Technical Commodities Trends for November 22nd<\/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 21st<\/sup> 2021 <\/p>\n

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

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

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

 <\/p>\n

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

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

The intermediate term Barometer added 3.60 to 87.20. It remains Overbought. Trend remains up.<\/p>\n

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

The long term Barometer added 3.40 to 59.80. It remains Neutral. Trend remains up.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer increased 3.39 to 75.85. It remains Overbought.<\/p>\n

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

The long term Barometer gained 5.93 to 50.85. It remains Neutral.<\/p>\n

 <\/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 23rd U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade. Index futures were virtually unchanged following release of October Durable Goods Orders at 8:30 AM EST. Consensus was an increase of 0.5% versus a gain of 0.4% in September. Actual was […]<\/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-161336","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/161336","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=161336"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/161336\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=161336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=161336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=161336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}