{"id":164851,"date":"2023-03-28T02:22:00","date_gmt":"2023-03-28T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=164851"},"modified":"2023-03-28T08:41:51","modified_gmt":"2023-03-28T12:41:51","slug":"tech-talk-for-tuesday-march-28th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/03\/28\/tech-talk-for-tuesday-march-28th-2023\/","title":{"rendered":"Tech Talk for Tuesday March 28th 2023"},"content":{"rendered":"

Pre-opening Comments for Tuesday March 28th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning. <\/b>S&P 500 futures were down 5 points at 8:30 AM EDT. <\/em><\/p>\n

Occidental Petroleum added $0.80 to $60.45<\/b> after Berkshire Hathaway confirmed an increased ownership to 23.5% of outstanding shares. <\/em><\/p>\n

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Wallgreens Boots gained $0.85 to$33.79<\/b> after reporting higher than consensus fiscal second quarter revenues and earnings.<\/em><\/p>\n

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Ciena advanced $1.57 to $50.18<\/b> after Raymond James upgraded the stock from Outperform to Strong Buy.<\/em><\/p>\n

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McCormick added $2.51 to $76.57<\/b> after reporting higher than consensus first quarter earnings. <\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cMarket is in risk-off mode<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2023\/03\/27\/stock-market-outlook-for-march-28-2023\/<\/em><\/a><\/p>\n

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

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

Natural gas ETN $UNG moved below $7.14 extending an intermediate downtrend.<\/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 27th<\/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

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

Daily Seasonal\/Technical Commodities Trends for March 27th<\/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 24th<\/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

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

Source for positive Seasonal ratings: <\/strong><\/em>www.equityclock.com<\/strong><\/em><\/a><\/p>\n

 <\/p>\n

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

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

Morgan Stanley’s Mike Wilson<\/font><\/em><\/strong> on Stocks, Earnings, Fed, Bond Markets, Banking Sector<\/p>\n

Morgan Stanley’s Mike Wilson on Stocks, Earnings, Fed, Bond Markets, Banking Sector \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Market Poised For A Big Decline | Jeffrey Huge<\/font><\/em><\/strong>, CMT | Your Daily Five (03.27.23)<\/p>\n

Market Poised For A Big Decline | Jeffrey Huge, CMT | Your Daily Five (03.27.23) \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 1.60 to 24.60. It remains Oversold. More evidence of a bottom at 17.60 has appeared.<\/p>\n

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The long term Barometer added 2.80 to 45.60. It remains Neutral.<\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 3.42 to 34.19. It remains Oversold. More evidence of a bottom at 26.81 has appeared.<\/p>\n

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The long term Barometer added 3.42 to 55.56. 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 Tuesday March 28th U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:30 AM EDT. Occidental Petroleum added $0.80 to $60.45 after Berkshire Hathaway confirmed an increased ownership to 23.5% of outstanding shares. Wallgreens Boots gained $0.85 to$33.79 after reporting higher than consensus fiscal second […]<\/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-164851","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/164851","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=164851"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/164851\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=164851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=164851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=164851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}