{"id":168113,"date":"2023-07-21T02:22:00","date_gmt":"2023-07-21T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=168113"},"modified":"2023-07-21T08:48:46","modified_gmt":"2023-07-21T12:48:46","slug":"tech-talk-for-friday-july-21st-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/07\/21\/tech-talk-for-friday-july-21st-2023\/","title":{"rendered":"Tech Talk for Friday July 21st 2023"},"content":{"rendered":"

Pre-opening Comments for Friday July 21st<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 16 points at 8:35 AM EDT.<\/em><\/p>\n

Today is the last trade day for July listed equity and index options<\/b>. <\/em><\/p>\n

The Canadian Dollar<\/b> slipped 0.05 to U.S.75.79 following release of May Canadian Retail Sales at 8:30 AM EDT. Consensus was an increase of 0.5% versus a downwardly revised 1.1% gain in April. Actual was an increase of 0.2%.<\/em><\/p>\n

Capital One<\/b> dropped $2.49 to $112.50 after reporting less than consensus second quarter revenues.<\/em><\/p>\n

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CSX <\/b>dropped $1.66 to $32.05after reporting less than consensus second quarter revenues and earnings. <\/em><\/p>\n

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PPG Industries<\/b> dropped $2.97 to $146.75 after offering a cautious outlook for the third quarter.<\/em><\/p>\n

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American Express<\/b> dropped $6.31 to $170.80 after reporting less than consensus second quarter revenues. <\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cThe bearish fundamentals behind Natural Gas may have alleviated just in time for its period of seasonal strength<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2023\/07\/20\/stock-market-outlook-for-july-21-2023\/<\/em><\/a><\/p>\n

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

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

Johnson & Johnson $JNJ a Dow Jones Industrial Average stock moved above $166.27 extending an intermediate uptrend. The company raised guidance.<\/p>\n

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Goldman Sachs $GS an S&P 100 stock moved above $347.73 resuming an intermediate uptrend.<\/p>\n

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AbbVie $ABBV an S&P 100 stock moved above $138.14 completing a double bottom pattern.<\/p>\n

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Danaher $DHR an S&P 100 stock moved above $248.06 completing a double bottom pattern.<\/p>\n

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IBM $IBM a Dow Jones Industrial Average stock moved above $139.47 extending an intermediate uptrend. Reported higher than consensus second quarter results.<\/p>\n

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ASML $ASML a NASDAQ 100 stock moved below intermediate support at $693.23.<\/p>\n

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Early signs of a crack in the semiconductor sector? Applied Materials $AMAT and KLA Tencor $KLAC broke below short term trading ranges.<\/p>\n

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 <\/p>\n

Trader\u2019s Corner<\/strong><\/font><\/p>\n

 <\/p>\n

Equity Indices and Related ETFs<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Equity Trends for July 20th<\/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 all positive seasonality ratings: <\/em>www.EquityClock.com<\/em><\/a><\/p>\n

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

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

Daily Seasonal\/Technical Commodities Trends for July 20th<\/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 July 20th<\/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

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

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

Tom "The Bull" Bowley is BEARISH? What ?!?! | Tom Bowley<\/font><\/em><\/strong> | Your Daily Five (07.19.23)<\/p>\n

Tom "The Bull" Bowley is BEARISH? What ?!?! | Tom Bowley | Your Daily Five (07.19.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Watch These Banks Breaking Out to New Highs! | Greg Schnell<\/font><\/em><\/strong>, CMT | Market Buzz (07.19.23)<\/p>\n

Watch These Banks Breaking Out to New Highs! | Greg Schnell, CMT | Market Buzz (07.19.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Tired of Being Long Large Cap Growth Stocks? Here Are 2 Top Alternatives | The Final Bar (07.19.23)<\/p>\n

Tired of Being Long Large Cap Growth Stocks? Here Are 2 Top Alternatives | The Final Bar (07.19.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

How to Use Trend Alignment to Find the Best Entry Points | Joe Rabil<\/font><\/em><\/strong> | Stock Talk (07.20.23)<\/p>\n

How to Use Trend Alignment to Find the Best Entry Points | Joe Rabil | Stock Talk (07.20.23) \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 3.00 to 87.60. It remains Overbought. Daily trend remains up.<\/p>\n

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The long term Barometer added 0.80 to 74.40. It remains Overbought. Daily trend is up. <\/p>\n

 <\/p>\n

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

\"clip_image017\"<\/a><\/p>\n

The intermediate term Barometer dropped 2.19 to 67.11. It remains Overbought.<\/p>\n

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The long term Barometer dropped 2.63 to 61.40. It remains Overbought.<\/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 July 21st U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points at 8:35 AM EDT. Today is the last trade day for July listed equity and index options. The Canadian Dollar slipped 0.05 to U.S.75.79 following release of May Canadian Retail Sales at 8:30 AM […]<\/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-168113","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/168113","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=168113"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/168113\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=168113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=168113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=168113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}