{"id":163554,"date":"2023-02-09T02:22:00","date_gmt":"2023-02-09T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=163554"},"modified":"2023-02-09T08:38:45","modified_gmt":"2023-02-09T13:38:45","slug":"tech-talk-for-thursday-february-9th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/02\/09\/tech-talk-for-thursday-february-9th-2023\/","title":{"rendered":"Tech Talk for Thursday February 9th 2023"},"content":{"rendered":"

Pre-opening Comments for Thursday February 9th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 27 points in pre-opening trade.<\/em><\/p>\n

Walt Disney gained $6.03 to $117.81<\/b> after reporting higher than consensus fiscal first quarter revenues and earnings. The company also announced a planned reduction in employees.<\/em><\/p>\n

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MGM International added $2.25 to $43.68<\/b> after reporting higher than consensus fourth quarter results<\/em>.<\/p>\n

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Affirm dropped $3.15 to $12.87<\/b> after reporting less than consensus fiscal second quarter results. The company also announced plans to reduce its workforce by 19%.<\/em><\/p>\n

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Mattel dropped $2.50 to $18.00<\/b> after reporting lower than consensus fourth quarter revenues and earnings.<\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cWholesale inventories just showed the first monthly decline since the summer of 2020, a minor point of encouragement that businesses are starting to get a grip on the inventory problem that has flared over the past year amidst waning consumer demand<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2023\/02\/08\/stock-market-outlook-for-february-9-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Fox $FOX and $FOXA S&P 100 stocks moved above $33.73 and $36.49 respectively extending an intermediate uptrend <\/p>\n

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Wells Fargo $WFC an S&P 100 stock moved above $48.05 extending an intermediate uptrend<\/p>\n

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Emerson $EMR an S&P 100 stock moved below $86.62 extending an intermediate downtrend. <\/p>\n

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Fortis $FTS.TO a TSX 60 stock moved below $53.90 completing a double top pattern.<\/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<\/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 Feb.8th<\/sup> 2023<\/p>\n

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

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

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

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

Daily Seasonal\/Technical Sector Trends for Feb.8th<\/sup> 2023 <\/p>\n

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

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

 <\/p>\n

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

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

Mark Bunting<\/font><\/em><\/strong> and www.uncommonsenseinvestor.com<\/a><\/p>\n

Newmont’s $17 Billion Newcrest Deal Could Signal Multi-Year Bull Run for Gold. Here’s Why. – Uncommon Sense Investor<\/a><\/p>\n

 <\/p>\n

Catch Your Next Big Profit Trend | Greg Schnell<\/font><\/em><\/strong>, CMT | Market Buzz (02.08.23)<\/p>\n

Catch Your Next Big Profit Trend | Greg Schnell, CMT | Market Buzz (02.08.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Analyzing The Oil Service Group | Bruce Fraser<\/font><\/em><\/strong> | Your Daily Five (02.08.23)<\/p>\n

Analyzing The Oil Service Group | Bruce Fraser | Your Daily Five (02.08.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer dropped 4.00 to 67.60. It remains Overbought.<\/p>\n

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The long term Barometer dropped 2.20 to 70.60. It remains Overbought. Daily trend has turned down.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer was unchanged at 66.10. It remains Overbought.<\/p>\n

\"clip_image015\"<\/a><\/p>\n

The long term Barometer added 0.85 to 69.49. 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 Thursday February 9th U.S. equity index futures were higher this morning. S&P 500 futures were up 27 points in pre-opening trade. Walt Disney gained $6.03 to $117.81 after reporting higher than consensus fiscal first quarter revenues and earnings. The company also announced a planned reduction in employees. MGM International added $2.25 to […]<\/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-163554","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/163554","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=163554"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/163554\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=163554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=163554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=163554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}