{"id":168025,"date":"2023-07-19T02:22:00","date_gmt":"2023-07-19T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=168025"},"modified":"2023-07-19T09:02:22","modified_gmt":"2023-07-19T13:02:22","slug":"tech-talk-for-wednesday-july-19th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/07\/19\/tech-talk-for-wednesday-july-19th-2023\/","title":{"rendered":"Tech Talk for Wednesday July 19th 2023"},"content":{"rendered":"

Pre-opening Comments for Wednesday July 19th<\/sup><\/strong><\/font><\/em><\/p>\n

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

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

Index futures were unchanged following release of U.S. June Housing Starts at 8:30 AM EDT.<\/b> Consensus was a drop to 1,450,000 units from revised 1,559,000 units in May. Actual was a drop to 1.434,000 units.<\/em><\/p>\n

Interactive Brokers dropped $3.70 to $82.47<\/b> after reporting less than consensus second quarter revenues and earnings. <\/em><\/p>\n

\"clip_image001\"<\/a><\/p>\n

Western Alliance Bancorp dropped $1.37 to $41.70<\/b> after reporting less than consensus second quarter earnings. <\/em><\/p>\n

\"clip_image002\"<\/a><\/p>\n

Spotify added $0.37 to $179.95<\/b> after JP Morgan raised its target price $160 to $190.<\/em><\/p>\n

\"clip_image003\"<\/a><\/p>\n

Goldman Sachs gained $3.41 to $341.00<\/b> after reporting higher than consensus second quarter revenues. <\/em><\/p>\n

\"clip_image004\"<\/a><\/p>\n

 <\/p>\n

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

Headline reads \u201cData released on Tuesday continues to express the struggle in the manufacturing economy, but consumer activity may be starting to lag as well<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2023\/07\/18\/stock-market-outlook-for-july-19-2023\/<\/em><\/a><\/p>\n

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

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

Regional Bank SPDRs $KRE moved above $44.56 completing a reverse Head & Shoulders pattern<\/p>\n

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

U.S. Healthcare Providers iShares $IHF moved above intermediate resistance at $257.81.<\/p>\n

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

Junior Gold ETF $GDXJ moved above intermediate resistance at $38.95.<\/p>\n

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

South Africa iShares $EZA moved above $42.95 resuming an intermediate uptrend.<\/p>\n

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

Israel iShares $EIS moved above $57.28 extending an intermediate uptrend.<\/p>\n

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

Cdn. Financials iShares $XFN.TO moved above Cdn$45.70 resuming an intermediate uptrend.<\/p>\n

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

Morgan Stanley $MS an S&P 100 stock moved above $91.03 resuming an intermediate uptrend. <\/p>\n

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

Bank of America $BAC an S&P 100 stock moved above $30.69 completing a double bottom pattern.<\/p>\n

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

Microsoft $MSFT a Dow Jones Industrial Average stock moved above $351.47 to an all-time high extending an intermediate uptrend. <\/p>\n

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

Amgen $AMGN a Dow Jones Industrial Average stock moved above $231.95 completing a double bottom pattern. <\/p>\n

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

BCE $BCE.TO a TSX 60 stock moved below Cdn$57.19 extending an intermediate downtrend. <\/p>\n

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

 <\/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 July 18th<\/sup> 2023<\/p>\n

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

Green: Increase from previous day<\/font><\/em><\/p>\n

Red: Decrease from previous day<\/font><\/em><\/p>\n

Source for all positive seasonality ratings: <\/em>www.EquityClock.com<\/em><\/a><\/p>\n

 <\/p>\n

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

Daily Seasonal\/Technical Commodities Trends for July 18th<\/sup> 2023<\/p>\n

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

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

Green: Increase from previous day<\/font><\/em><\/p>\n

Red: Decrease from previous day<\/em><\/p>\n

 <\/p>\n

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

Daily Seasonal\/Technical Sector Trends for July 18th<\/sup> 2023 <\/p>\n

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

Green: Increase from previous day<\/font><\/em><\/p>\n

Red: Decrease from previous day<\/font><\/em><\/p>\n

 <\/p>\n

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

S&P 500 Pushing All-time Highs? Strong Trends Getting STRONGER!!! | The Final Bar (07.17.23)<\/p>\n

S&P 500 Pushing All-time Highs? Strong Trends Getting STRONGER!!! | The Final Bar (07.17.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

The One Indicator That Gave Me An Edge\u2026 | Pete Carmasino<\/font><\/em><\/strong> | Halftime by Chaikin Analytics (07.17.23)<\/p>\n

The One Indicator That Gave Me An Edge\u2026 | Pete Carmasino | Halftime by Chaikin Analytics (07.17.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

As Inflation Winds Down Markets Are Behaving | TG Watkins<\/font><\/em><\/strong> | Your Daily Five (07.23.23)<\/p>\n

As Inflation Winds Down Markets Are Behaving | TG Watkins | Your Daily Five (07.23.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

4 Small-Caps Showing Bullish Characteristics | Joe Rabil<\/em><\/strong><\/font> | Your Daily Five (07.18.23)<\/p>\n

4 Small-Caps Showing Bullish Characteristics | Joe Rabil | Your Daily Five (07.18.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

What’s on the Other Side of the Fed? | Tom Bowley<\/em><\/strong><\/font> | Trading Places (07.18.23)<\/p>\n

What’s on the Other Side of the Fed? | Tom Bowley | Trading Places (07.18.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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

Intermediate term Barometer slipped 0.20 to 81.20. It remains Overbought.<\/p>\n

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

The long term Barometer added 0.40 to 70.00. It remains Overbought.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer advanced 6.58 to 67.11. It remains Overbought. Daily trend extended an uptrend.<\/p>\n

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

The long term Barometer added 3.07 to 62.28. It changed from Neutral to Overbought on a move above 60.00. Daily trend remains up.<\/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 Wednesday July 19th U.S. equity index futures were mixed this morning S&P 500 futures were unchanged at 8:35 AM EDT. Index futures were unchanged following release of U.S. June Housing Starts at 8:30 AM EDT. Consensus was a drop to 1,450,000 units from revised 1,559,000 units in May. Actual was a drop […]<\/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-168025","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/168025","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=168025"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/168025\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=168025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=168025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=168025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}