{"id":166410,"date":"2023-05-24T02:22:00","date_gmt":"2023-05-24T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=166410"},"modified":"2023-05-24T08:43:28","modified_gmt":"2023-05-24T12:43:28","slug":"tech-talk-for-wednesday-may-24th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/05\/24\/tech-talk-for-wednesday-may-24th-2023\/","title":{"rendered":"Tech Talk for Wednesday May 24th 2023"},"content":{"rendered":"

Pre-opening Comments for Wednesday May 24th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 14 points at 8:30 AM EDT.<\/em><\/p>\n

Bank of Montreal and Scotia Bank are expected to open lower after announcing larger than expected loan loss provisions in their fiscal second quarter report. <\/em><\/b><\/p>\n

Intuit dropped $23.80 to $426.00<\/b> after reporting lees than consensus fiscal third quarter revenues. <\/em><\/p>\n

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Agilent fell $8.43 to $120.21<\/b> after lowering guidance for fiscal third quarter revenues and earnings.<\/em><\/p>\n

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Palo Alto Networks gained $7.24 to $197.01<\/b> after reporting higher than consensus fiscal third quarter revenues.<\/em><\/p>\n

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Toll Brothers added $1.80 to $65.55<\/b> after reporting higher than consensus quarterly revenues.<\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cConsumer Discretionary ETF breaks out, while the Consumer Staples ETF breaks down<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2023\/05\/23\/stock-market-outlook-for-may-24-2023\/<\/em><\/a><\/p>\n

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

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

Potential UPSIDE PLAYS in Energy | David Keller<\/font><\/strong>, CMT | The Final Bar (05.23.23)<\/em><\/p>\n

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

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

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

Global Timber & Forest iShares $WOOD moved above $72.98 resuming an intermediate uptrend. <\/p>\n

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Russell 2000 iShares $IWM moved above $179.78 setting an intermediate uptrend.<\/p>\n

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Raytheon Technologies $RTX an S&P 100 stock moved below intermediate support at $94.15.<\/p>\n

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DexCom $DXCM a NASDAQ 100 stock moved below $115.01 completing a double top pattern.<\/p>\n

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NetEase $NTES a NASDAQ 100 stock moved below $83.75 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 May 23rd<\/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 May 23rd<\/sup> 2023<\/p>\n

\"clip_image009\"<\/a><\/b><\/p>\n

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 May 23rd<\/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

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

 <\/p>\n

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

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

5 Stocks Showing Strength | Joe Rabil<\/font><\/em><\/strong> | Your Daily Five (05.23.23)<\/p>\n

https:\/\/www.youtube.com\/watch?v=38DddRFrVSw<\/a><\/p>\n

 <\/p>\n

Are Small Caps and Transports a Problem? | Tom Bow<\/font><\/em><\/strong>ley | Trading Places (05.23.23)<\/p>\n

https:\/\/www.youtube.com\/watch?v=z9SACAeeYrY<\/a><\/p>\n

 <\/p>\n

SPX FAILS AGAIN to Surpass 4200 | David Keller<\/font><\/em><\/strong>, CMT | The Final Bar (05.22.23)<\/p>\n

https:\/\/www.youtube.com\/watch?v=DUOWhs1CdSs<\/a><\/p>\n

 <\/p>\n

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

\"clip_image012\"<\/a><\/p>\n

The intermediate term Barometer dropped 9.00 to 42.80. It remains Neutral.<\/p>\n

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The long term Barometer slipped 3.00 to 47.40. It remains Neutral.<\/p>\n

 <\/p>\n

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

\"clip_image014\"<\/a><\/p>\n

The intermediate term Barometer dropped 5.60 to 46.98. It remains Neutral.<\/p>\n

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The long term Barometer slipped 0.43 to 55.60. It remains Neutral.<\/p>\n

<\/b><\/p>\n

D<\/b>isclaimer:<\/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 Wednesday May 24th U.S. equity index futures were lower this morning. S&P 500 futures were down 14 points at 8:30 AM EDT. Bank of Montreal and Scotia Bank are expected to open lower after announcing larger than expected loan loss provisions in their fiscal second quarter report. Intuit dropped $23.80 to $426.00 […]<\/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-166410","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/166410","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=166410"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/166410\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=166410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=166410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=166410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}