{"id":165562,"date":"2023-04-25T02:22:00","date_gmt":"2023-04-25T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=165562"},"modified":"2023-04-25T08:44:18","modified_gmt":"2023-04-25T12:44:18","slug":"tech-talk-for-tuesday-april-25th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/04\/25\/tech-talk-for-tuesday-april-25th-2023\/","title":{"rendered":"Tech Talk for Tuesday April 25th 2023"},"content":{"rendered":"

Pre-opening Comments for Tuesday April 25th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 17 pointsat 8:30 AM EDT..<\/em><\/p>\n

First Republic Bank <\/b>dropped $1.12 to $14.82 despite reporting higher than consensus first quarter earnings. The Bank also announced a 41% drop in deposits as well as plans to reduce its work force by 20%-25%.<\/em><\/p>\n

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Whirlpool<\/b> advanced $4.79 to $145.49 after reporting higher than consensus first quarter earnings. <\/em><\/p>\n

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Canadian National Railway (CNR.TO Cdn$168.27)<\/b> is expected to open higher after reporting higher than consensus first quarter revenues and earnings. The company also offered positive second quarter guidance. <\/em><\/p>\n

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Raytheon Technologies<\/b> added $0.28 to $102.74 after raising its quarterly dividend by 7.3% to $0.59 per share.<\/em><\/p>\n

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United Parcel Services dropped $9.10 to $186.75<\/b> after reporting less than consensus first quarter results. The company also lowered guidance.<\/em><\/p>\n

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McDonalds gained $2.50 to $295.70<\/b> after reporting higher than consensus first quarter results. <\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cAs the US Dollar Index nears a pivotal point on the chart, scrutiny of its direction is vitally important to gauge the direction of stocks moving forward<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2023\/04\/24\/stock-market-outlook-for-april-25-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Coca Cola<\/b> $KO an S&P 100 stock moved above $64.21 after reporting higher than consensus first quarter results extending an intermediate uptrend. <\/p>\n

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Medtronic <\/b>$MDT an S&P 100 stock moved above $87.10 an $87.21 extending an intermediate uptrend.<\/p>\n

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Zoom<\/b> $ZM a NASDAQ 100 stock moved below $63.55 extending an intermediate downtrend.<\/p>\n

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Fox<\/b> $FOX an S&P 100 stock moved below $29.58 extending an intermediate downtrend. Fox announced that Tucker Carlson is leaving the network.<\/p>\n

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Corn <\/b>ETN $CORN moved below $24.25 extending an intermediate downtrend. <\/p>\n

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Wheat<\/b> ETN $WEAT moved below $6.66 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 April 24th<\/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

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

Daily Seasonal\/Technical Commodities Trends for April 24st<\/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 April 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 a valued providers<\/strong><\/font><\/p>\n

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

Are Markets Ready to Topple? | Erin Swenlin <\/font><\/em><\/strong>| Your Daily Five (04.24.23)<\/p>\n

Are Markets Ready to Topple? | Erin Swenlin | Your Daily Five (04.24.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Microsoft, Alphabet and Meta will be the stocks to help S&P break above 4,200, says Joe Terranova<\/font><\/em><\/strong><\/p>\n

Microsoft, Alphabet and Meta will be the stocks to help S&P break above 4,200, says Joe Terranova \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Technical Chart of the Day<\/strong><\/font><\/p>\n

Technical score for Lumber dropped from -2+0+1-1= -2 to -2-2-1-1=–6<\/p>\n

Strength relative to the S&P 500 Index changed from Neutral to Negative (i.e. Score of 0 to -2) Price moved below its 20 day moving average (i.e. Score of +1 to-1).<\/p>\n

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 <\/p>\n

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

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The intermediate term Barometer added 3.60 to 60.40. It changed from Neutral to Overbought on a move above 60.00. <\/p>\n

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The long term Barometer added 0.20 to 59.60. It remains Neutral.<\/p>\n

 <\/p>\n

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

\"clip_image016\"<\/a><\/p>\n

The intermediate term Barometer added 0.86 to 66.38. It remains Overbought. Daily trend remains up.<\/p>\n

\"clip_image017\"<\/a><\/p>\n

The long term Barometer slipped 0.86 to 63.79. It remains Overbought. Daily trend has changed to down.<\/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 April 25th U.S. equity index futures were lower this morning. S&P 500 futures were down 17 pointsat 8:30 AM EDT.. First Republic Bank dropped $1.12 to $14.82 despite reporting higher than consensus first quarter earnings. The Bank also announced a 41% drop in deposits as well as plans to reduce its […]<\/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-165562","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/165562","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=165562"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/165562\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=165562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=165562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=165562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}