{"id":163881,"date":"2023-02-23T02:22:00","date_gmt":"2023-02-23T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=163881"},"modified":"2023-02-23T08:44:45","modified_gmt":"2023-02-23T13:44:45","slug":"tech-talk-for-thursday-february-23rd-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/02\/23\/tech-talk-for-thursday-february-23rd-2023\/","title":{"rendered":"Tech Talk for Thursday February 23rd 2023"},"content":{"rendered":"

Pre-opening Comments for Thursday February 23rd<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 22 points in pre-opening trade. <\/em><\/p>\n

Index futures moved lower following release of second estimate of fourth quarter real GDP at 8:30 AM EST<\/b>. Consensus was unchanged at an annual growth rate of 2.9%. Actual was growth at 2.7%.<\/em><\/p>\n

NVidia advanced $18.06 to $225.60<\/b> after reporting higher than consensus fourth quarter earnings. <\/em><\/p>\n

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Mosaic dropped $1.40 to $48.80<\/b> after reporting less than consensus fourth quarter earnings. <\/em><\/p>\n

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NetApp fell $3.35 to $62.48<\/b> after lowering guidance below consensus.<\/em><\/p>\n

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Lucid dropped $0.86 to $9.12<\/b> after reporting less 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 \u201cOver $1 Trillion were added to central bank reserves in January, giving lift to stocks.  Perhaps the saying should be changed to \u201cDon\u2019t fight the Fed\u201d to \u201cDon\u2019t fight global central bank liquidity<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2023\/02\/22\/stock-market-outlook-for-february-23-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Gold Miners ETF $GDX moved below intermediate support at $27.55<\/p>\n

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IBM an S&P 100 stock moved below intermediate support at $131.19<\/p>\n

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Palo Alto Networks $PANW a NASDAQ 100 stock moved above $178.97 after reporting higher than consensus quarterly results.<\/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.22nd<\/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

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

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

Daily Seasonal\/Technical Commodities Trends for Feb.22nd<\/sup> 2023<\/p>\n

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Green: Increase from previous day<\/b><\/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.22nd<\/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

Have We Seen This Before? | Greg Schnell<\/font><\/em><\/strong>, CMT | Market Buzz (02.21.23)<\/p>\n

https:\/\/www.youtube.com\/watch?v=i08OZ_IogwE<\/a><\/p>\n

 <\/p>\n

Key Support Levels For 5 Major Charts | Larry Tentarelli<\/font><\/em><\/strong> | Your Daily Five (02.21.23)<\/p>\n

Key Support Levels For 5 Major Charts | Larry Tentarelli | Your Daily Five (02.21.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer slipped 1.00 to 48.40. It remains Neutral. Trend is down.<\/p>\n

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The long term Barometer slipped 0.60 to 62.40. It remains Overbought. Trend is down. <\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 0.85 to 50.42. It remains Neutral.<\/p>\n

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The long term Barometer was unchanged at 59.32. It remains Neutral.<\/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":"

Pre-opening Comments for Thursday February 23rd U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points in pre-opening trade. Index futures moved lower following release of second estimate of fourth quarter real GDP at 8:30 AM EST. Consensus was unchanged at an annual growth rate of 2.9%. Actual was growth […]<\/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-163881","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/163881","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=163881"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/163881\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=163881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=163881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=163881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}