{"id":163078,"date":"2023-01-25T02:22:00","date_gmt":"2023-01-25T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=163078"},"modified":"2023-01-25T08:41:05","modified_gmt":"2023-01-25T13:41:05","slug":"tech-talk-for-wednesday-january-25th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/01\/25\/tech-talk-for-wednesday-january-25th-2023\/","title":{"rendered":"Tech Talk for Wednesday January 25th 2023"},"content":{"rendered":"

Pre-opening Comments for Wednesday January 25th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 35 points in pre-opening trade. <\/em><\/p>\n

The Bank of Canada is scheduled to announce its interest rate for major Canadian banks at 10:00 AM EST<\/b>. Consensus calls for an increase in the rate from 4.25% to 4.50%. A press conference is offered at 11:00 AM EST. <\/em><\/p>\n

Microsoft dropped $2.44 to $239.60<\/b> after the company offered a cautious outlook for its fiscal third quarter. <\/em><\/p>\n

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

Texas Instruments added $0.98 to $178.02<\/b> after reporting higher than consensus fourth quarter earnings. <\/em><\/p>\n

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Intuitive Surgical plunged $20.98 to $237.00<\/b> after reporting less than consensus fourth quarter earnings.<\/em> <\/p>\n

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Capital One dropped $1.96 to $104.55<\/b> after reporting less than consensus fourth quarter earnings. <\/em><\/p>\n

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 <\/p>\n

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

Head line reads \u201cFrom extremely bearish to neutral, sentiment has neutralized rapidly over the past few weeks and you are starting to see analysts let down their bearish guard<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2023\/01\/24\/stock-market-outlook-for-january-25-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Nvidia $NVDA a NASDAQ 100 stock moved above $187.90 extending an intermediate uptrend. <\/p>\n

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PACCAR $PCAR a NASDAQ 100 stock moved above $104.26 to an all-time high extending an intermediate uptrend. <\/p>\n

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Amgen $AMGN an S&P 100 stock moved below $254.86 extending an intermediate downtrend. <\/p>\n

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Duke Energy $DUK an S&P 100 stock moved below intermediate support at $99.18.<\/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 24th<\/sup> 2023<\/p>\n

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

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

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

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

Daily Seasonal\/Technical Commodities Trends for January 24th<\/sup> 2023<\/p>\n

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Green: Increase from previous day<\/b><\/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 24th<\/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

Link from valued providers<\/strong><\/font><\/p>\n

S&P 500 Threatening Major Breakout | Tom Bowley<\/font><\/em><\/strong> | Trading Places <\/p>\n

(Includes an interesting comment on seasonality)<\/p>\n

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

 <\/p>\n

Jeremy Grantham<\/font><\/em><\/strong> says \u201cEasiest leg of stock market bubble burst is over: Here\u2019s what\u2019s next<\/strong><\/em>\u201d<\/p>\n

https:\/\/www.marketwatch.com\/story\/jeremy-grantham-says-easiest-leg-of-stock-market-bubble-burst-over-heres-whats-next-11674584001?mod=newsviewer_click_seemore<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 0.87 to 69.80. It remains Overbought.<\/p>\n

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The long term Barometer slipped 0.80 to 65.60. It remains Overbought. <\/p>\n

 <\/p>\n

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

\"clip_image013\"<\/a><\/p>\n

The intermediate term Barometer slipped 2.54 to 77.12. It remains Overbought.<\/p>\n

\"clip_image014\"<\/a><\/p>\n

The long term Barometer slipped 0.42 to 69.92. 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 Wednesday January 25th U.S. equity index futures were lower this morning. S&P 500 futures were down 35 points in pre-opening trade. The Bank of Canada is scheduled to announce its interest rate for major Canadian banks at 10:00 AM EST. Consensus calls for an increase in the rate from 4.25% to 4.50%. […]<\/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-163078","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/163078","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=163078"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/163078\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=163078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=163078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=163078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}