{"id":164582,"date":"2023-03-17T02:22:00","date_gmt":"2023-03-17T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=164582"},"modified":"2023-03-17T08:39:52","modified_gmt":"2023-03-17T12:39:52","slug":"tech-talk-for-friday-march-17th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/03\/17\/tech-talk-for-friday-march-17th-2023\/","title":{"rendered":"Tech Talk for Friday March 17th 2023"},"content":{"rendered":"

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

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 26 points at 8:30 AM EDT. <\/em><\/p>\n

FedEx advanced $23.55 to $227.60<\/b> after reporting higher than consensus fiscal third quarter earnings. The company also raised guidance for the fourth quarter. <\/em><\/p>\n

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Groupon dropped $0.32 to $4.58<\/b> after reporting lower than consensus fourth quarter revenues and a larger than consensus fourth quarter loss.<\/em><\/p>\n

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U.S. Steel advanced $1.18 to $25.70<\/b> after raising first quarter guidance. <\/em><\/p>\n

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First Republic Bank dropped $5.67 to $28.60<\/b> despite arranging a $30 billion financial rescue package.<\/em><\/p>\n

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 <\/p>\n

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

Head line reads \u201cDespite the decline in the past week, the path of initial jobless claims is still reminiscent of what is typical at the start of economic recessions\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2023\/03\/16\/stock-market-outlook-for-march-17-2023\/<\/em><\/a><\/p>\n

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

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

TSX Composite Index briefly moved below intermediate support at 19,159.58<\/p>\n

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Microsoft $MSFT a Dow Jones Industrial Average stock moved above $276.07 extending an intermediate uptrend. <\/p>\n

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Regeneron $REGN a NASDAQ 100 stock moved below $733.33 completing a double top pattern.<\/p>\n

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Soybean ETN $SOYB moved below $27.29 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 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

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

Daily Seasonal\/Technical Commodities Trends for March 16th<\/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 16th<\/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

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

Ideas For Your Potential Buy List | Larry Tentarelli<\/font><\/em><\/strong> | Your Daily Five (03.16.23)<\/p>\n

Ideas For Your Potential Buy List | Larry Tentarelli | Your Daily Five (03.16.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Wall Street Is Accumulating Growth Stocks | Tom Bowley<\/font><\/em><\/strong> | Trading Places (03.15.23)<\/p>\n

Wall Street Is Accumulating Growth Stocks | Tom Bowley | Trading Places (03.15.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 5.20 to 24.40. It remains Oversold.<\/p>\n

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The long term Barometer added 4.00 to 44.60. It remains Neutral.<\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 1.70 to 28.51. It remains Oversold.<\/p>\n

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The long term Barometer added 4.26 to 52.34. It remains Neutral.<\/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 17th U.S. equity index futures were lower this morning. S&P 500 futures were down 26 points at 8:30 AM EDT. FedEx advanced $23.55 to $227.60 after reporting higher than consensus fiscal third quarter earnings. The company also raised guidance for the fourth quarter. Groupon dropped $0.32 to $4.58 after reporting […]<\/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-164582","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/164582","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=164582"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/164582\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=164582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=164582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=164582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}