{"id":162943,"date":"2023-01-20T02:22:00","date_gmt":"2023-01-20T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=162943"},"modified":"2023-01-20T08:43:42","modified_gmt":"2023-01-20T13:43:42","slug":"tech-talk-for-friday-january-20th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/01\/20\/tech-talk-for-friday-january-20th-2023\/","title":{"rendered":"Tech Talk for Friday January 20th 2023"},"content":{"rendered":"

Pre-opening Comments for Friday January 20th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 7 points in pre-opening trade. <\/em><\/p>\n

The Canadian Dollar was unchanged at US74.22 cents following released of Canada\u2019s December Retail Sales at 8:30 AM EST.<\/b> Consensus was a drop of 0.5% versus a gain of 1.4% in November. Actual was a drop of 0.1%.<\/em><\/p>\n

Netflix added $19.60 to $335.33<\/b> after subscriber additions beat consensus.<\/em><\/p>\n

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Costco gained $5.94 to $475.43<\/b> after the company reauthorized a $4 billion share buyback program<\/em><\/p>\n

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Nordstrom dropped $1.07 to $16.38<\/b> after the company warned that holiday sales were softer than expected. <\/em><\/p>\n

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Alphabet gained $3.45 to $96.50<\/b> after announcing layoffs for 12,000 employees<\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cGasoline product supplied is showing the largest jump on record to start the year, emphasizing the sound fundamental backdrop that is supportive of prices in the energy sector<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2023\/01\/19\/stock-market-outlook-for-january-20-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Utilities SPDRs $XLU moved below $69.03 completing a double top pattern.<\/p>\n

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O\u2019Reilly Automotive $ORLY, a NASDAQ 100 stock moved below $800.38 completing a double top pattern. <\/p>\n

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Xcel Energy $XEL a NASDAQ 100 stock moved below intermediate support at $68.29.<\/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 19th<\/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

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

Daily Seasonal\/Technical Commodities Trends for January 19th<\/sup> 2023<\/p>\n

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Green: Increase from previous day<\/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 19th<\/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

Don Vialoux on \u201cWolf on Bay Street\u201d<\/strong><\/font><\/p>\n

Don<\/font><\/em><\/strong> was interviewed as part of the radio program (Corus 640) released this Saturday at 7:00 PM EST. Focus is on the outlook for 2023.<\/p>\n

 <\/p>\n

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

Sprott<\/font><\/em><\/strong> special report: 2023 uranium outlook<\/p>\n

2023 Uranium Outlook: Is Nuclear Power Out of the Penalty Box? (sprott.com)<\/a><\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer dropped another 11.00 to 49.00. It changed from Overbought to Neutral on a move below 60.00. Short term trend is down.<\/p>\n

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The long term Barometer dropped 3.00 to 56.80. It remains Neutral. Short term trend is down.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer dropped 3.39 to 71.19. It remains Overbought. <\/p>\n

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The long term Barometer added 0.42 to 67.37. It remains Overbought. <\/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 Friday January 20th U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade. The Canadian Dollar was unchanged at US74.22 cents following released of Canada\u2019s December Retail Sales at 8:30 AM EST. Consensus was a drop of 0.5% versus a gain of 1.4% 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-162943","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/162943","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=162943"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/162943\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=162943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=162943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=162943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}