{"id":168875,"date":"2023-08-17T02:22:00","date_gmt":"2023-08-17T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=168875"},"modified":"2023-08-17T08:57:09","modified_gmt":"2023-08-17T12:57:09","slug":"tech-talk-for-thursday-august-17th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/08\/17\/tech-talk-for-thursday-august-17th-2023\/","title":{"rendered":"Tech Talk for Thursday August 17th 2023"},"content":{"rendered":"

Pre-opening Comments for Thursday August 17th<\/sup><\/strong><\/font><\/em><\/p>\n

Equity index futures were higher this morning<\/b>. S&P 500 futures were up 10 points at 8:35 AM EDT<\/em><\/p>\n

Index futures were unchanged following release of the August Philly Fed Index at 8:30 AM EDT<\/b>. Consensus was a further drop to -13.5 from -10.0 in July. Actual was an increase of 12.0.<\/em><\/p>\n

Walmart<\/b> added $2.61 to $161.87 after reporting higher than consensus second quarter earnings.<\/em><\/p>\n

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Cisco<\/b> gained $1.56 to $54.52 after reporting higher than consensus fiscal fourth quarter earnings.<\/em> <\/p>\n

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Avnet <\/b>advanced $3.55 to $48.50 after reporting higher than consensus fiscal fourth quarter earnings. The company offered positive guidance.<\/em><\/p>\n

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Synopsys<\/b> added $9.78 to $437.99 after reporting higher than consensus fiscal third quarter earnings. <\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cA spike in the put-call ratio into the end of the day could be conducive to a short-term low in stocks ahead of the typically strong period surrounding the Labor Day holiday<\/strong>\u201d.<\/em><\/p>\n

http:\/\/www.equityclock.com\/2023\/08\/16\/stock-market-outlook-for-august-17-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Gold ETN $GLD moved below $175.79 extending an intermediate downtrend. <\/p>\n

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Junior Gold ETF $GDXJ moved below $33.95 extending an intermediate downtrend.<\/p>\n

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Pacific ex Japan iShares $EPP moved below $40.22 extending an intermediate downtrend.<\/p>\n

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Automobile ETF $CARZ moved below intermediate support at $53.34<\/p>\n

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Semiconductor iShares $SOXX moved below intermediate support at $482.51.<\/p>\n

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Altria $MO an S&P 100 stock moved below $42.81 completing a double top pattern.<\/p>\n

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Capital One $COF an S&P 100 stock moved below intermediate support at $104.59.<\/p>\n

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Enbridge $ENB.TO a TSX 60 stock moved below $46.80 extending an intermediate downtrend.<\/p>\n

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Restaurant Brands International $QSR.TO a TSX 60 stock moved below Cdn$95.48 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 August 16th <\/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

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 August 16th<\/sup> 2023<\/p>\n

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

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

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

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

Daily Seasonal\/Technical Sector Trends for August 16th<\/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

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

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

Stars are Aligning for Uranium and Nuclear Energy<\/p>\n

Sprott Uranium Report: Stars are Aligning for Uranium and Nuclear Energy<\/a><\/p>\n

 <\/p>\n

Top Three Things I Wish I Knew Before I Started Trading | The Final Bar (08.15.23)<\/p>\n

Top Three Things I Wish I Knew Before I Started Trading | The Final Bar (08.15.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer dropped another 5.00 to 41.40. It remains Neutral. Daily trend remains down.<\/p>\n

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The long term Barometer dropped 2.20 to 56.00. It remains Neutral. Daily trend remains down.<\/p>\n

 <\/p>\n

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

\"clip_image018\"<\/a><\/p>\n

Intermediate term Barometer was unchanged at 42.73. It remains Neutral. Daily trend remains down.<\/p>\n

\"clip_image019\"<\/a><\/p>\n

The long term Barometer slipped 0.88 to 49.34. It remains Neutral. Daily trend remains 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 Thursday August 17th Equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:35 AM EDT Index futures were unchanged following release of the August Philly Fed Index at 8:30 AM EDT. Consensus was a further drop to -13.5 from -10.0 in July. Actual was an increase […]<\/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-168875","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/168875","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=168875"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/168875\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=168875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=168875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=168875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}