{"id":163766,"date":"2023-02-17T02:22:00","date_gmt":"2023-02-17T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=163766"},"modified":"2023-02-17T08:43:06","modified_gmt":"2023-02-17T13:43:06","slug":"tech-talk-for-friday-february-17th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/02\/17\/tech-talk-for-friday-february-17th-2023\/","title":{"rendered":"Tech Talk for Friday February 17th 2023"},"content":{"rendered":"

 <\/p>\n

Next Tech Talk Report<\/font><\/strong><\/em><\/p>\n

Next report will be offered on Tuesday February 21st<\/sup>. Monday is a holiday (Family Day in Canada and Presidents Day in the U.S.)<\/font><\/strong><\/em><\/p>\n

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

Pre-opening Comments for Friday February 17th<\/sup><\/em><\/strong><\/font><\/p>\n

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

Door Dash advanced $3.62 to $70.51<\/b> after reporting higher than consensus fourth quarter earnings. <\/em><\/p>\n

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

Moderna dropped $8.81 to $163.50<\/b> following release of mixed results for a vaccine against seasonal influenza.<\/em><\/p>\n

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Applied Materials gained $2.61 to $117.40<\/b> after reporting higher than consensus fiscal first quarter earnings.<\/em> <\/p>\n

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VALE slipped $0.19 to $16.90<\/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 \u201cBroad market benchmarks are struggling around last year\u2019s breakdown point as the upside momentum following the recent four month rally wanes<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2023\/02\/16\/stock-market-outlook-for-february-17-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

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

Cisco $CSCO a Dow Jones Industrial Average stock moved above $50.31 extending an intermediate uptrend. The company reported higher than consensus quarterly results.<\/p>\n

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Intuitive Surgical $ISRG a NASDAQ 100 stock moved below $238.84 extending an intermediate downtrend.<\/p>\n

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Xcel Energy $XEL a NASDAQ 100 stock moved below $66.95 extending an intermediate downtrend. <\/p>\n

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Check Point Software $CHKP a NASDAQ 100 stock moved below $123.46 setting an intermediate downtrend.<\/p>\n

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Teck Corp $TECK.B.TO a TSX 60 stock moved above Cdn$58.75 to an all-time high extending an intermediate uptrend. The company announced plans to sell its coal division.<\/p>\n

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Canadian Tire $CTC.A.TO a TSX 60 stock moved above $169.06 extending an intermediate uptrend. The company reported higher than consensus fourth quarter results. <\/p>\n

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Algonquin Power $AQN.TO a TSX 60 stock moved above $10.18 completing a reverse Head & Shoulder pattern. <\/p>\n

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Manulife Financial $MFC a TSX 60 stock moved above $26.77 to an all-time high extending an intermediate uptrend. The company announced higher than consensus fourth quarter results and increased its dividend by 11%.<\/p>\n

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Cenovus $CVE.TO a TSX 60 stock moved below intermediate support at $23.85. <\/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.16th<\/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.16th<\/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.16th<\/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><\/em><\/p>\n

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

\"clip_image016\"<\/a><\/p>\n

The intermediate term Barometer dropped 4.40 to 64.60. It remains Overbought.<\/p>\n

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The long term Barometer dropped 3.40 to 68.80. It remains Overbought.<\/p>\n

 <\/p>\n

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

\"clip_image018\"<\/a><\/p>\n

The intermediate term Barometer slipped 0.42 to 64.83. It remains Overbought.<\/p>\n

\"clip_image019\"<\/a><\/p>\n

The long term Barometer dropped 1.27 to 65.68. It remains Overbought. Trend is down. <\/p>\n

 <\/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":"

  Next Tech Talk Report Next report will be offered on Tuesday February 21st. Monday is a holiday (Family Day in Canada and Presidents Day in the U.S.) Pre-opening Comments for Friday February 17th U.S. equity index futures were lower this morning. S&P 500 futures were down 27 points in pre-opening trade. Door Dash advanced […]<\/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-163766","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/163766","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=163766"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/163766\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=163766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=163766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=163766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}