{"id":163521,"date":"2023-02-08T02:22:00","date_gmt":"2023-02-08T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=163521"},"modified":"2023-02-08T08:54:18","modified_gmt":"2023-02-08T13:54:18","slug":"tech-talk-for-wednesday-february-8th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/02\/08\/tech-talk-for-wednesday-february-8th-2023\/","title":{"rendered":"Tech Talk for Wednesday February 8th 2023"},"content":{"rendered":"

Pre-opening Comments for Wednesday February 8th<\/sup><\/strong><\/font><\/em><\/p>\n

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

Enphase advanced $16.35<\/b> to $244.81<\/b> after reporting higher than consensus fourth quarter earnings. The company also offered positive guidance.<\/em><\/p>\n

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

Prudential Financial dropped $2.81 to $99.99<\/b> after reporting a fourth quarter loss.<\/em><\/p>\n

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Chipotle fell $76.86 to $1,646.00<\/b> after reporting lower than consensus fourth quarter revenues and earnings. <\/em><\/p>\n

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Uber gained $2.53 to $37.43<\/b> after reporting higher than consensus quarterly revenues. <\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cWith a good chunk of earnings season now complete, some companies are clearly still growing while others are not.  We have been Accumulators of the former<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2023\/02\/07\/stock-market-outlook-for-february-8-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

JP Morgan $JPM a Dow Jones Industrial Average stock moved above $143.49 extending an intermediate uptrend. <\/p>\n

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Dupont $DD an S&P 100 stock moved above $75.38 extending an intermediate uptrend. <\/p>\n

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Fiserv $FISV a NASDAQ 100 stock moved above $110.94 extending an intermediate uptrend.<\/p>\n

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Ross Stores $ROST a NASDAQ 100 stock moved below $114.33 and $112.40 extending an intermediate downtrend. <\/p>\n

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Couche Tard $ATD.TO a TSX 60 stock moved below $59.01 and $58.96 setting an intermediate downtrend.<\/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 Feb.7th<\/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

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

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

Daily Seasonal\/Technical Commodities Trends for Feb.7th<\/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

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

Daily Seasonal\/Technical Sector Trends for Feb.7th<\/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

Link offered by a valued provider<\/strong><\/font><\/p>\n

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

Earnings Gaps For Better Trades | Tom Bowley<\/font><\/em><\/strong> | Trading Places (02.07.23)<\/p>\n

https:\/\/www.youtube.com\/watch?v=qfKq8uq3pkA<\/a><\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer added 4.00 to 71.60. It remains Overbought.<\/p>\n

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The long term Barometer added 1.40 to 72.80. It remains Overbought.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer added 1.27 to 66.10. It remains Overbought.<\/p>\n

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The long term Barometer added 2.12 to 68.64. 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 February 8th U.S. equity index futures were lower this morning. S&P 500 futures were down 19 points in pre-opening trade. Enphase advanced $16.35 to $244.81 after reporting higher than consensus fourth quarter earnings. The company also offered positive guidance. Prudential Financial dropped $2.81 to $99.99 after reporting a fourth quarter loss. […]<\/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-163521","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/163521","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=163521"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/163521\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=163521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=163521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=163521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}