{"id":164277,"date":"2023-03-09T02:22:00","date_gmt":"2023-03-09T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=164277"},"modified":"2023-03-09T08:43:45","modified_gmt":"2023-03-09T13:43:45","slug":"tech-talk-for-thursday-march-9th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/03\/09\/tech-talk-for-thursday-march-9th-2023\/","title":{"rendered":"Tech Talk for Thursday March 9th 2023"},"content":{"rendered":"

Pre-opening Comments for Thursday March 9th<\/sup> 2023<\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 6 points in pre-opening trade. <\/em><\/p>\n

Eli Lilly slipped $1.50 to $311.04<\/b> on news that its proposed drug aimed at preventing Alzheimer failed to slow down cognitive decline<\/em><\/p>\n

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

American Express gained $3.09 to $177.86<\/b> after the company announced a 15% increase in its dividend. <\/em><\/p>\n

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JD.com dropped $1.64 to $45.23<\/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 \u201cThe second smallest percentage increase in job openings for January since 2009 and the largest increase on record for layoffs does not exactly portray a strong labor market<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2023\/03\/08\/stock-market-outlook-for-march-9-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Wal-Mart $WMT a Dow Jones Industrial Average stock moved below $138.17 extending an intermediate downtrend.<\/p>\n

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MetLife $MET an S&P 100 stock moved below $68.18 extending an intermediate downtrend.<\/p>\n

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Allstate $ALL an S&P 100 stock moved below $121.17 setting an intermediate downtrend.<\/p>\n

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Match $MTCH a NASDAQ 100 stock moved below $38.64 extending an intermediate downtrend. <\/p>\n

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TSX Real Estate iShares $XRE.TO moved below $17.72 completing a double top pattern.<\/p>\n

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SNC Lavalin $SNV.TO a TSX 60 stock moved above $30.68 extending an intermediate uptrend<\/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 8th<\/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 8th<\/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 March 8th<\/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

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

Mish Schneider, Mary Ellen McGonagle, Erin Swenlin with David Keller, CMT (03.08.23<\/p>\n

https:\/\/www.youtube.com\/watch?v=G8zggI5DJr0<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 0.20 to 38.00. It remains Oversold.<\/p>\n

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The long term Barometer added 0.20 to 57.60. It remains Neutral.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer added 1.70 to 48.09. It remains Neutral.<\/p>\n

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The long term Barometer added 0.43 to 62.55. 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 March 9th 2023 U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade. Eli Lilly slipped $1.50 to $311.04 on news that its proposed drug aimed at preventing Alzheimer failed to slow down cognitive decline American Express gained $3.09 to $177.86 after the […]<\/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-164277","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/164277","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=164277"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/164277\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=164277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=164277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=164277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}