{"id":162627,"date":"2023-01-10T02:22:00","date_gmt":"2023-01-10T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=162627"},"modified":"2023-01-10T08:40:24","modified_gmt":"2023-01-10T13:40:24","slug":"tech-talk-for-tuesday-january-10th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/01\/10\/tech-talk-for-tuesday-january-10th-2023\/","title":{"rendered":"Tech Talk for Tuesday January 10th 2023"},"content":{"rendered":"

Pre-opening Comments for Tuesday January 10th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 18 points in pre-opening trade. <\/em><\/p>\n

Investors are waiting for comments this morning from Federal Reserve Chairman Powell at a conference in Europe with other national monetary leaders.<\/em><\/b><\/p>\n

Bumble added $0.63 to $20.59 <\/b>after the stock was upgraded from Sector Weight to Overweight.<\/em><\/p>\n

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AT&T gained $0.17 to $19.21<\/b> after Wells Fargo upgraded the stock from Equal Weight to Overweight.<\/em><\/p>\n

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Broadcom slipped $5.89<\/b> to $571.00<\/b> after Apple announced plans to replace computer chips currently provide by Broadcom by late 2024\/early2025.<\/em><\/p>\n

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Bed Bath & Beyond slipped $0.02 to $1.60<\/b> after reporting a greater than expected third quarter loss.<\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cGold continues to benefit within its period of seasonal strength, but the commodity is still far from confirming a sustainable longer-term move higher\u2019<\/strong>.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2023\/01\/09\/stock-market-outlook-for-january-10-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

EAFE iShares $EFA moved above $68.58 extending an intermediate uptrend. Notable breakouts in EAFE were breakouts by emerging country ETFs. Emerging markets iShares $EEM moved above $42.22 extending an intermediate uptrend. South Africa iShares $EZA moved above $45.26 completing a reverse Head & Shoulders pattern. South Korea iShares $EWY moved above $60.22 and $61.61 completing a reverse Head & Shoulders pattern. <\/p>\n

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Schlumberger $SLB an S&P 100 stock moved above $55.85 extending an intermediate uptrend<\/p>\n

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MasterCard $MA an S&P 100 stock moved above $368.66 extending an intermediate uptrend.<\/p>\n

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Abbott Labs $ABT an S&P 100 stock moved above $112.91 extending an intermediate uptrend. <\/p>\n

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IDEXX, a NASDAQ 100 stock moved above $448.01 extending an intermediate uptrend. <\/p>\n

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Lululemon $LULU a NASDAQ 100 stock moved below $306.38 setting an intermediate downtrend. The company lowered guidance. <\/p>\n

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Regeneron $REGN a NASDAQ 100 stock moved below $678.02 setting an intermediate downtrend. <\/p>\n

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DexCom $DXCM a NASDAQ 100 stock moved below $108.68 completing a Head & Shoulders pattern. <\/p>\n

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Constellation Software $CSU.TO, a TSX 60 stock moved above $2,209.97 and $2,220.39 extending an intermediate uptrend. <\/p>\n

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Base Metals iShares XBM.TO moved above $20.24 extending an intermediate uptrend. Units hold HudBay Minerals and BHP Group. HudBay Minerals $HBM.TO a major base metals producer move above $7.92 extending an intermediate uptrend. BHP Group $BHP another major base metals producer moved above $66.51 extending an intermediate uptrend.<\/p>\n

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Strength in Base Metal equities and ETFs was prompted by a move by spot copper above $3.96 per lb. 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 January 9th<\/sup> 2023<\/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

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

Daily Seasonal\/Technical Commodities Trends for January 9th<\/sup> 2023<\/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

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

Daily Seasonal\/Technical Sector Trends for January 6th<\/sup> 2023 <\/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

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

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

Next meeting is scheduled tonight at 8:00 PM EST. Speaker is David Cox<\/font><\/em><\/strong> from Raymond James<\/font><\/em><\/strong>. Everyone is welcome. Not a member of CATA? See https:\/\/canadianata.ca\/<\/a><\/p>\n

 <\/p>\n

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

\"clip_image023\"<\/a><\/p>\n

The intermediate term Barometer slipped 3.20 to 64.60. It remains Overbought.<\/p>\n

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The long term Barometer eased 0.69 to 57.20. It remains Neutral<\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 0.85 to 65.25. It remains Overbought. <\/p>\n

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The long term Barometer slipped 0.42 to 54.24. 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 Tuesday January 10th U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points in pre-opening trade. Investors are waiting for comments this morning from Federal Reserve Chairman Powell at a conference in Europe with other national monetary leaders. Bumble added $0.63 to $20.59 after the stock 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-162627","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/162627","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=162627"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/162627\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=162627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=162627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=162627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}