{"id":161881,"date":"2022-12-13T02:22:00","date_gmt":"2022-12-13T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=161881"},"modified":"2022-12-13T09:18:50","modified_gmt":"2022-12-13T14:18:50","slug":"tech-talk-for-tuesday-december-13th-2022","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2022\/12\/13\/tech-talk-for-tuesday-december-13th-2022\/","title":{"rendered":"Tech Talk for Tuesday December 13th 2022"},"content":{"rendered":"

Pre-opening Comments for Tuesday December 13th<\/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 106 points in pre-opening trade.<\/em><\/p>\n

Index futures moved higher following release of the November Consumer Price Index<\/b> at 8:30 AM EST<\/b>. November CPI was expected to increase 0.3% versus a gain of 0.4% in October. Actual was an increase of 0.1%. On a year-over-year basis<\/b> November Consumer Price Index was expected to increase 7.3% versus a gain of 7.7% in October. <\/b>Actual was <\/b>an increase of 7.1%. Excluding food and energy<\/b>, November Consumer Price Index was expected to increase 0.4% versus a gain of 0.3% in October. Actual was an increase of 0.2%. On a year-over-year basis<\/b>, November Consumer Price Index was expected to gain 6.1% versus an increase of 6.3% in October. Actual was an increase of 6.0%.<\/em><\/p>\n

Oracle added $2.52 to $83.80<\/b> after reporting higher than consensus fiscal second quarter earnings. <\/em><\/p>\n

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

Pinterest gained $0.66 to $24.27<\/b> after Piper Sandler upgraded the stock from Neutral to Overweight.<\/em><\/p>\n

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

NetApp dropped $1.32 to $63.97<\/b> after Morgan Stanley downgraded the stock from Equal Weight to Underweight.<\/em><\/p>\n

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First Solar improved $0.72 to$151.00<\/b> following news that the stock is added to the S&P 500 Index on December 19th<\/sup><\/em><\/p>\n

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

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

Headline reads \u201cThe action of the Volatility Index on Monday is reminiscent of the last major short-term peak in the equity market that was charted in August<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2022\/12\/12\/stock-market-outlook-for-december-13-2022\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Amgen $AMGN a NASDAQ 100 stock moved below $178.30 completing a double top pattern. The company announced an all-cash deal to acquire. Horizon Theropeutics for $27.8 billion.<\/p>\n

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Broadcom $AVGO a NASDAQ 100 stock moved above $555.90 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 December 12th<\/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 December 12th<\/sup> 2022<\/p>\n

\"clip_image006\"<\/a><\/p>\n

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 December 12th<\/sup> 2021 <\/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

Next Canadian Association for Technical Analysis Meeting<\/strong><\/font><\/p>\n

Next meeting is scheduled at 8:00 PM EST today. Speaker is Jon Vialoux<\/em><\/strong><\/font>, author of www.EquityClock.com<\/a> . Connect below for information. Everyone is welcome <\/p>\n

CATA Meeting Dec 13 – Jon Vialoux – Events – Canadian Association for Technical Analysis (clubexpress.com)<\/a><\/p>\n

Not a member of CATA? See: https:\/\/canadianata.ca\/content.aspx?page_id=4&club_id=71614<\/a><\/p>\n

 <\/p>\n

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

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

Sprott Uranium<\/font><\/em><\/strong> Report for December 8th<\/sup><\/p>\n

Sprott Uranium Report: The Optimistic News Continues<\/a><\/p>\n

 <\/p>\n

The Daily Five by Greg Schnell<\/font><\/em><\/strong>: Greg offers a cautious medium term outlook for equities and commodities.<\/p>\n

The Fed At 5000% | Greg Schnell, CMT | Your Daily Five (12.12.22) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

\"clip_image009\"<\/a><\/p>\n

The intermediate term Barometer added 3.60 to 81.60. It remains Overbought.<\/p>\n

\"clip_image010\"<\/a><\/p>\n

The long term Barometer advanced 5.00 to 61.20. It changed from Neutral to Overbought on a move above 60.00.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer slipped 0.85 to 67.37. It remains Overbought.<\/p>\n

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

The long term Barometer added 2.12 to 47.88. It remains Neutral.<\/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 Tuesday December 13th U.S. equity index futures were higher this morning. S&P 500 futures were up 106 points in pre-opening trade. Index futures moved higher following release of the November Consumer Price Index at 8:30 AM EST. November CPI was expected to increase 0.3% versus a gain of 0.4% in October. 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-161881","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/161881","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=161881"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/161881\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=161881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=161881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=161881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}