{"id":164127,"date":"2023-03-03T02:22:00","date_gmt":"2023-03-03T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=164127"},"modified":"2023-03-03T08:40:56","modified_gmt":"2023-03-03T13:40:56","slug":"tech-talk-for-friday-march-3rd-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/03\/03\/tech-talk-for-friday-march-3rd-2023\/","title":{"rendered":"Tech Talk for Friday March 3rd 2023"},"content":{"rendered":"

Pre-opening Comments for Friday March 30th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 12 points in pre-opening trade. <\/em><\/p>\n

Trader interest is expected to focus on response to of the February ISM Non-manufacturing Purchase Managers Index released at 10:00 AM EST<\/b>. Consensus calls for a drop to 54.5 from 55.2 in January.<\/em><\/p>\n

Costco dropped $9.75 to $475.94 <\/b>after the company reported less than consensus quarterly revenues. <\/em><\/p>\n

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Dell slipped $1.17 to $39.00<\/b> after the company lowered guidance.<\/em> <\/p>\n

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Broadcom added $1.37 to 600.02<\/b> after the company reported higher than consensus fiscal first quarter earnings. The company also offered positive guidance.<\/em><\/p>\n

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Procter & Gamble added $1.40 to $140.33<\/b> after JP Morgan upgraded the stock from Neutral to Overweight.<\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cGasoline product supplied, a gauge of demand, continues to show the strongest percentage increase through the first two months of the year on record, thereby supporting the price of the commodity<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2023\/03\/02\/stock-market-outlook-for-march-3-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

Don Vialoux on \u201cWolf on Bay Street<\/em>\u201d<\/strong><\/font><\/p>\n

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

Don Vialoux is a guest on \u201cWolf on Bay Street<\/strong><\/em>\u201d available on Corus Radio (Radio 640) at 7:00 PM EST tomorrow (Saturday).<\/p>\n

 <\/p>\n

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

Oil & Gas Services ETF <\/b>$PXJ moved above $5.83 extending an intermediate uptrend<\/p>\n

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Salesforce.com<\/b> $CRM a Dow Jones Industrial Average stock moved above $178.84 extending an intermediate uptrend. The company offered positive guidance and announced a $20 billion share repurchase program.<\/p>\n

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Dollarama<\/b> $DOL.TO a TSX 60 stock moved below $77.71 extending an intermediate downtrend.<\/p>\n

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Rogers Communications<\/b> $RCI.B.TO a TSX 60 stock moved below Cdn$64.10 completing a double top 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 March 2nd<\/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

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

Daily Seasonal\/Technical Commodities Trends for March 2nd<\/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 March 2nd<\/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

 <\/p>\n

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

<\/b><\/p>\n

Here Comes The Rotation! | Tom Bowley<\/font><\/em><\/strong> | Trading Places (03.02.23)<\/p>\n

Here Comes The Rotation! | Tom Bowley | Trading Places (03.02.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

\"clip_image011\"<\/a><\/p>\n

The intermediate term Barometer added 3.20 to 45.60. It remains Neutral.<\/p>\n

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The long term Barometer gained 3.00 to 59.20. It remains Neutral.<\/p>\n

 <\/p>\n

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

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The intermediate term Barometer dropped 4.26 to 48.51. It remains Neutral. Trend is down.<\/p>\n

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The long term Barometer was unchanged at 62.13. 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 March 30th U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade. Trader interest is expected to focus on response to of the February ISM Non-manufacturing Purchase Managers Index released at 10:00 AM EST. Consensus calls for a drop to 54.5 from 55.2 […]<\/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-164127","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/164127","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=164127"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/164127\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=164127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=164127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=164127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}