{"id":167355,"date":"2023-06-27T02:22:00","date_gmt":"2023-06-27T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=167355"},"modified":"2023-06-27T08:54:58","modified_gmt":"2023-06-27T12:54:58","slug":"tech-talk-for-tuesday-june-27th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/06\/27\/tech-talk-for-tuesday-june-27th-2023\/","title":{"rendered":"Tech Talk for Tuesday June 27th 2023"},"content":{"rendered":"

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

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 9 points at 8:35 AM EDT.<\/em><\/p>\n

Index futures added 5 points following release of May Durable Goods Orders<\/b> at 8:35 AM EDT. Consensus was a drop 1.3% versus gain of 1.1% in April. Actual was an increase of 1.7%.<\/em><\/p>\n

The Canadian Dollar was unchanged at US76.02 cents following release of Canada\u2019s May<\/b> Consumer Price Index<\/b> on a year-over-year basis<\/b> at 8:30 AM EDT<\/b>. Consensus was an increase 4.2% versus a gain of 4.4% in April. Actual was an increase of 3.4%.<\/em><\/p>\n

Illumina added $0.32 to $192.20<\/b> after the company announced plans to reduce its work staff . <\/em><\/p>\n

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Walgreens Boots dropped $2.09 to $29.50<\/b> after reporting less than consensus fiscal third quarter earnings. The company also lowered earnings guidance for the full fiscal year. <\/em><\/p>\n

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Snowflake gained $6.00 to $175.84<\/b> after confirming partnership with Nvidia and Microsoft.<\/em><\/p>\n

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

Delta Airlines added $0.57 to $43.71<\/b> after raising guidance for 2023.<\/em><\/p>\n

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

Headline reads \u201cThe average summer rally period is at our doorstep<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2023\/06\/26\/stock-market-outlook-for-june-27-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Shanghai Composite Index at 3,150.82 moved below 3,168.57 completing a Head & Shoulders pattern.<\/p>\n

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Natural Gas ETN $UNG moved above $7.72 extending a base building pattern. <\/p>\n

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Wheat ETN $WEAT moved above another resistance level at $7.35 extending an intermediate uptrend. <\/p>\n

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Take Two $TTWO a NASDAQ 100 stock moved above $141.96 extending an intermediate uptrend. <\/p>\n

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Carnival $CCL reported higher than consensus second quarter results, but offered third quarter guidance below consensus.<\/p>\n

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Pfizer $PFE a Dow Jones Industrial Average stock moved below $36.17 extending an intermediate downtrend. The company is discontinuing clinical tests on its oral version of a drug related to weight control.<\/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 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

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

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

Daily Seasonal\/Technical Commodities Trends for June 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 June 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

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

Market Insight Indicates Pullback Mode | Erin Swenlin<\/font><\/em><\/strong> | Your Daily Five (06.26.23)<\/p>\n

Market Insight Indicates Pullback Mode | Erin Swenlin | Your Daily Five (06.26.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

There are parts of the market that are in a bubble, says Rosenberg Research founder<\/font><\/em><\/strong><\/p>\n

There are parts of the market that are in a bubble, says Rosenberg Research founder \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Relative Strength Breakdowns | Pete Carmasino<\/font><\/em><\/strong> | Halftime by Chaikin Analytics (06.26.23)<\/p>\n

Relative Strength Breakdowns | Pete Carmasino | Halftime by Chaikin Analytics (06.26.23) \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 5.00 to 58.40. It remains Neutral.<\/p>\n

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The long term Barometer added 2.40 to 58.00. It remains Neutral.<\/p>\n

 <\/p>\n

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

\"clip_image015\"<\/a><\/p>\n

The intermediate term Barometer added 3.93 to 24.89. It remains Oversold. <\/p>\n

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The long term Barometer added 3.06 to 43.67. It remains Neutral. <\/p>\n

<\/b><\/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 June 27th U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:35 AM EDT. Index futures added 5 points following release of May Durable Goods Orders at 8:35 AM EDT. Consensus was a drop 1.3% versus gain of 1.1% in April. Actual was an […]<\/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-167355","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/167355","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=167355"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/167355\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=167355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=167355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=167355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}