{"id":162298,"date":"2022-12-29T02:22:00","date_gmt":"2022-12-29T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=162298"},"modified":"2022-12-29T08:38:56","modified_gmt":"2022-12-29T13:38:56","slug":"tech-talk-for-thursday-december-29th-2022","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2022\/12\/29\/tech-talk-for-thursday-december-29th-2022\/","title":{"rendered":"Tech Talk for Thursday December 29th 2022"},"content":{"rendered":"

Pre-opening Comments for Thursday December 29th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 19 points in pre-opening trade. <\/em><\/p>\n

Netflix gained $1.48 to $278.38<\/b> after CFRA upgraded the stock from Sell to Buy. Target price was increased from $225 to $310. <\/em><\/p>\n

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Walt Disney advanced $0.61 to $84.78<\/b> after its latest Avator film surpassed $1 billion globally in box office sales. <\/em><\/p>\n

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Pfizer added $0.01 to $50.81<\/b> after announcing that its Hemophilia B treatment met a primary endpoint in a Phase 3 study.<\/em><\/p>\n

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

 <\/p>\n

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

Headline reads \u201cThe put-call ratio just printed the highest level in over 25 years, highlighting the increasingly bearish bias that has become ingrained in this market, making it significantly lopsided<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2022\/12\/28\/stock-market-outlook-for-december-29-2022\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Apple $AAPL a Dow Jones Industrial Average stock moved below $128.49 extending an intermediate downtrend. <\/p>\n

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

AutoDesk $ADSK a NASDAQ 100 stock moved below $181.67 extending an intermediate downtrend. <\/p>\n

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

Gildan Activewear $GIL.TO a TSX 60 stock moved below $36.04 extending an intermediate downtrend. <\/p>\n

\"image\"<\/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 December 28th<\/sup> 2022<\/p>\n

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

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 December 28th<\/sup> 2022<\/p>\n

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

<\/b><\/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 December 28th<\/sup> 2021 <\/p>\n

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

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

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

 <\/p>\n

Michael Campbell\u2019s Year End Special Show<\/strong><\/font><\/p>\n

After an incredible year of stories that hit us directly in the wallet like never before \u2013 Victor and Ozzie weigh in on their choice for top story of 2022 while Mike\u2019s will surprise just about everyone with his pick.<\/p>\n

Don Vialoux<\/font><\/em><\/strong>, master of cycles and seasonalities, tells us what\u2019s coming in 2023 for stocks, gold, oil and the US dollar.<\/p>\n

Michael Campbell\u2019s MoneyTalks \u2013 Complete Show (mikesmoneytalks.ca)<\/a><\/p>\n

 <\/p>\n

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

Greg Schnell<\/font><\/em><\/strong> offers \u201cYearend review part 2<\/em><\/strong>\u201d. <\/p>\n

Year End Review, Part 2 | Greg Schnell, CMT | Market Buzz (12.28.22) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

David Keller<\/font><\/em><\/strong> discusses \u201cNext steps for the U.S. Dollar<\/em><\/strong>\u201d.<\/p>\n

https:\/\/www.youtube.com\/watch?v=z0-deAttVQU<\/a><\/p>\n

 <\/p>\n

Mish Schneider<\/font><\/em><\/strong> discusses \u201cCatching Big Swings Using Phases, Leadership and Momentum<\/em><\/strong>\u201d <\/p>\n

https:\/\/www.youtube.com\/watch?v=xXKn11tJX9Q<\/a><\/p>\n

 <\/p>\n

Apple is a bellwether and it’s taking the market lower, says Sarat Sethi<\/font><\/em><\/strong><\/p>\n

Apple is a bellwether and it’s taking the market lower, says Sarat Sethi \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Defense stocks will be a good place for equity exposure in ’23, says David Rosenberg<\/font><\/em><\/strong><\/p>\n

Defense stocks will be a good place for equity exposure in ’23, says David Rosenberg \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer plunged 12.60 to 44.00. It remains Neutral. Trend is down.<\/p>\n

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

The long term Barometer dropped 3.80 to 48.00. It remains Neutral. <\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer dropped 8.47 to 44.92. It remains Neutral. <\/p>\n

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

The long term Barometer dropped 6.78 to 42.37. 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 Thursday December 29th U.S. equity index futures were higher this morning. S&P 500 futures were up 19 points in pre-opening trade. Netflix gained $1.48 to $278.38 after CFRA upgraded the stock from Sell to Buy. Target price was increased from $225 to $310. Walt Disney advanced $0.61 to $84.78 after its latest […]<\/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-162298","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/162298","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=162298"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/162298\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=162298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=162298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=162298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}