{"id":165660,"date":"2023-04-27T02:22:00","date_gmt":"2023-04-27T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=165660"},"modified":"2023-04-27T08:41:46","modified_gmt":"2023-04-27T12:41:46","slug":"tech-talk-for-thursday-april-27th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/04\/27\/tech-talk-for-thursday-april-27th-2023\/","title":{"rendered":"Tech Talk for Thursday April 27th 2023"},"content":{"rendered":"

Pre-opening Comments for Thursday April 27th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 23 points at 8:30 AM EDT. <\/em><\/p>\n

Meta Platform advanced $24.70 to $234.15<\/b> after reporting higher than consensus first quarter earnings. The company also offered positive guidance. <\/em><\/p>\n

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eBay gained $1.61 to $44.97<\/b> after reporting higher than consensus fiscal second quarter revenues and earnings. <\/em><\/p>\n

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KLA Tencor advanced $7.89 to $365.25<\/b> after reporting higher than consensus fiscal third quarter earnings.<\/em><\/p>\n

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Roku added $1.72 to $58.28<\/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 \u201cHead-and-shoulders topping patterns are becoming abundant across the charts<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2023\/04\/26\/stock-market-outlook-for-april-27-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Chipotle $CMG an S&P 100 stock moved above $1,958.55 to an all-time high following release of higher than consensus first quarter results. <\/p>\n

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S&P 100 stocks breaking intermediate support: Charter Communications $CHTR moved below intermediate support at $322.88. General Dynamics $GD moved below $211.54 extending an intermediate downtrend. United Parcel Services $UPS moved below intermediate support at $176.09. Texas Instruments $TXN moved below intermediate support at $167.80.<\/p>\n

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NASDAQ 100 stocks breaking intermediate support: Illumina $ILMN moved below $212.51 setting an intermediate downtrend. Paychex $PAYX moved below $106.17 extending an intermediate downtrend. Moderna $MRNA moved below $133.66 extending an intermediate downtrend. <\/p>\n

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Bausch Health $BHC.TO a TSX 60 stock moved below $9.69 and $.946 setting 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 26th<\/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 April 26th<\/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 26th<\/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

Link offered by a valued provider<\/strong><\/font><\/p>\n

Where’s Leadership Coming From? | Tom Bowley<\/em><\/font><\/strong> | Trading Places (04.25.23)<\/p>\n

Where’s Leadership Coming From? | Tom Bowley | Trading Places (04.25.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Next Canadian Association for Technical Analysis Meeting<\/strong><\/font><\/p>\n

Next meeting tonight at 8:00 PM EDT includes the annual meeting and a presentation by Scott McGregor. Everyone is welcome. Not a member? See https:\/\/canadianata.ca\/<\/a> for information.<\/p>\n

 <\/p>\n

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

Technical score for the Dow Jones Transportation Average dropped from -4 to -6:<\/b><\/p>\n

\u00b7 Intermediate downtrend extended on a move below 13,486.12: Score -2<\/p>\n

\u00b7 Strength relative to S&P 500 changed from Neutral to Negative: Score goes from 0 to -2<\/p>\n

\u00b7 Remains below its 20 day moving average: Score -1<\/p>\n

\u00b7 Daily momentum indicators (Stochastics, RSI, MACD continue to trend down: Score -1<\/p>\n

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

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The intermediate term Barometer dropped 8.00 to 39.00. It changed from Neutral to Oversold on a move below 40.00. Daily trend is down.<\/p>\n

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The long term Barometer dropped 4.80 to 48.60. It remains Neutral. Daily trend is down.<\/p>\n

 <\/p>\n

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

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The intermediate term Barometer dropped 5.17 to 53.45. It remains Neutral. Daily trend is down.<\/p>\n

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The long term Barometer dropped 3.88 to 57.33. It changed from Overbought to Neutral on a drop below 60.00. Daily trend is 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 Thursday April 27th U.S. equity index futures were higher this morning. S&P 500 futures were up 23 points at 8:30 AM EDT. Meta Platform advanced $24.70 to $234.15 after reporting higher than consensus first quarter earnings. The company also offered positive guidance. eBay gained $1.61 to $44.97 after reporting higher than consensus […]<\/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-165660","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/165660","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=165660"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/165660\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=165660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=165660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=165660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}