{"id":167273,"date":"2023-06-23T02:22:00","date_gmt":"2023-06-23T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=167273"},"modified":"2023-06-23T08:53:45","modified_gmt":"2023-06-23T12:53:45","slug":"tech-talk-for-friday-june-23rd-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/06\/23\/tech-talk-for-friday-june-23rd-2023\/","title":{"rendered":"Tech Talk for Friday June 23rd 2023"},"content":{"rendered":"

Pre-opening Comments for Friday June 23rd<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 27 points at 8:30 AM EDT.<\/em><\/p>\n

MMM advanced $3.59 to $103.78<\/b> after reaching a settlement valued at $10.3 billion on its \u201cforever chemical\u201d suit.<\/em><\/p>\n

\"clip_image001[1]\"<\/a><\/p>\n

Smith & Wesson gained $0.36 to $11.60<\/b> after reporting higher than consensus fiscal fourth quarter results. <\/em><\/p>\n

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Block dropped $0.57 to $63.54<\/b> after Truist lowered its target price from $105 to $80.<\/em><\/p>\n

\"clip_image003[1]\"<\/a><\/p>\n

Affirm added $0.04 to $14.93<\/b> after Truist raised its target price from $17 to $24.<\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cVIX has printed the first 12-handle since the months prior to the pandemic as the market hovers on the edge of complacen<\/strong>cy\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2023\/06\/22\/stock-market-outlook-for-june-23-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Solar ETF $TAN moved below $67.98 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 June 22nd<\/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 June 22nd<\/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

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

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

Daily Seasonal\/Technical Sector Trends for June 22nd<\/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 valued providers<\/strong><\/font><\/p>\n

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

Sprott Uranium Report<\/em><\/strong><\/font><\/p>\n

Sprott Uranium Report: Uranium Remains Resilient, While Threats of Nationalism Rattle Equities<\/a><\/p>\n

 <\/p>\n

The Fed will ‘make the mistake’ of raising rates again this year, says Virtus’ Joe Terranova<\/font><\/em><\/strong><\/p>\n

The Fed will ‘make the mistake’ of raising rates again this year, says Virtus’ Joe Terranova \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Is the S&P 500 a Ticking Time Bomb? | Jeff Huge<\/font><\/em><\/strong>, CMT | Your Daily Five (06.22.23)<\/p>\n

Is the S&P 500 a Ticking Time Bomb? | Jeff Huge, CMT | Your Daily Five (06.22.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Opportunities Building As Profit Taking Kicks In | Trading Places | Tom Bowley<\/font><\/em><\/strong> (06.22.23)<\/p>\n

Opportunities Building As Profit Taking Kicks In | Trading Places | Tom Bowley (06.22.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

U.S. stocks head for punishing selloff as \u2018unknown unknowns\u2019 could drag market lower, JPMorgan analysts<\/font><\/em><\/strong> warn<\/p>\n

https:\/\/www.marketwatch.com\/story\/u-s-stocks-head-for-punishing-selloff-as-unknown-unknowns-could-drag-market-lower-jpmorgan-analysts-warn-d2d4c2c7?mod=newsviewer_click<\/a><\/p>\n

 <\/p>\n

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

\"clip_image008\"<\/a><\/p>\n

The intermediate term Barometer dropped 4.80 to 59.80. It changed from Overbought to Neutral on a move below 60.00.<\/p>\n

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The long term Barometer dropped 3.20 to 59.40. It changed from Overbought to Neutral on a move below 60.00.<\/p>\n

 <\/p>\n

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

\"clip_image010\"<\/a><\/p>\n

The intermediate term Barometer dropped 6.13 to 26.20. It remains Oversold. Daily trend is down.<\/p>\n

\"clip_image011\"<\/a><\/p>\n

The long term Barometer dropped 3.75 to 43.23. It remains Neutral. 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 Friday June 23rd U.S. equity index futures were lower this morning. S&P 500 futures were down 27 points at 8:30 AM EDT. MMM advanced $3.59 to $103.78 after reaching a settlement valued at $10.3 billion on its \u201cforever chemical\u201d suit. Smith & Wesson gained $0.36 to $11.60 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-167273","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/167273","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=167273"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/167273\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=167273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=167273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=167273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}