{"id":163581,"date":"2023-02-10T02:22:00","date_gmt":"2023-02-10T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=163581"},"modified":"2023-02-10T08:40:39","modified_gmt":"2023-02-10T13:40:39","slug":"tech-talk-for-friday-february-10th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/02\/10\/tech-talk-for-friday-february-10th-2023\/","title":{"rendered":"Tech Talk for Friday February 10th 2023"},"content":{"rendered":"

Pre-opening Comments for Friday February 10th<\/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

The Canadian Dollar added US0.30 to 74.73 cents after release of Canada\u2019s January employment report at 8:30 AM EST.<\/b> Consensus was an increase of 15,000 versus a gain of 104,000 in December. Actual was an increase of 150,000. Consensus for the January Unemployment Rate was an increase to 5.2% from 5.0% in December. Actual was unchanged at 5.0%<\/em><\/p>\n

Lyft plunged $4.14 to $12.08<\/b> after reporting less than consensus fourth quarter revenues. The company also lowered guidance.<\/em><\/p>\n

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PayPal added $1.34 to $79.76<\/b> after reporting higher than consensus fourth quarter earnings. <\/em><\/p>\n

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Expedia dropped $4.56 to $112.75<\/b> after reporting less than consensus fourth quarter results.<\/em><\/p>\n

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Yelp gained $1.85 to $32.70 <\/b>after reporting higher than consensus fourth quarter revenues<\/em>.<\/p>\n

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 <\/p>\n

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

Headline reads \u201cThe conditions are present to see the normal pullback of stocks through the remainder of February<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2023\/02\/09\/stock-market-outlook-for-february-10-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

General Motors $GM an S&P 100 stock moved above $42.27 completing a base building pattern.<\/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.9th<\/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

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

Daily Seasonal\/Technical Commodities Trends for Feb.9th<\/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

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

Daily Seasonal\/Technical Sector Trends for Feb.9th<\/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

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

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

Lawrence G. McMillan<\/font><\/em><\/strong> Opinion: Watch the stock market closely now. If the S&P 500 breaks below 4100, the next stop could be 7% lower.<\/p>\n

 <\/p>\n

Editor\u2019s Note<\/b>: The S&P 500 closed yesterday at 4,081.50<\/p>\n

https:\/\/www.marketwatch.com\/story\/watch-the-stock-market-closely-now-if-the-s-p-500-breaks-below-4100-the-next-stop-could-be-7-lower-11675966135?itm_source=parsely-api&mod=mw_pushly&send_date=20230209<\/a><\/p>\n

 <\/p>\n

Weakness Presents Opportunity | Tom Bowley<\/font><\/em><\/strong> | Trading Places (02.09.23)<\/p>\n

https:\/\/www.youtube.com\/watch?v=iLRkFyfc1l4<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer dropped 5.20 to 62.40. It remains Overbought. Daily trend is down.<\/p>\n

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The long term Barometer slipped another 2.20 to 68.40. It remains Overbought. Daily trend is down.<\/p>\n

 <\/p>\n

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

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The intermediate term Barometer dropped another 4.66 to 61.44. It remains Overbought. Daily trend resumed a downtrend. <\/p>\n

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The long term Barometer slipped 2.97 to 66.53. 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 February 10th U.S. equity index futures were lower this morning. S&P 500 futures were down 19 points in pre-opening trade. The Canadian Dollar added US0.30 to 74.73 cents after release of Canada\u2019s January employment report at 8:30 AM EST. Consensus was an increase of 15,000 versus a gain of 104,000 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-163581","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/163581","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=163581"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/163581\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=163581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=163581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=163581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}