{"id":169110,"date":"2023-08-25T02:22:00","date_gmt":"2023-08-25T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=169110"},"modified":"2023-08-25T08:48:48","modified_gmt":"2023-08-25T12:48:48","slug":"tech-talk-for-friday-august-25th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/08\/25\/tech-talk-for-friday-august-25th-2023\/","title":{"rendered":"Tech Talk for Friday August 25th 2023"},"content":{"rendered":"

Pre-opening Comments for Friday August 25th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 17 points at 8:30 AM EDT.<\/em><\/p>\n

Investors are waiting for a statement on FOMC interest rate expectations to be presented today by Federal Reserve Chairman Powell at the Jackson Hole symposium.<\/em><\/b><\/p>\n

Affirm <\/b>added $0.97 to $14.80 after reporting higher than consensus fiscal first quarter results. <\/em><\/p>\n

The company also raised guidance for the fiscal first quarter. <\/em><\/p>\n

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Intuit<\/b> dropped $10.90 to $487.60 despite reporting higher than consensus quarterly revenues and earnings. The company also lowered guidance.<\/em><\/p>\n

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Nordstrom<\/b> eased $0.48 to $16.34 despite reporting higher than consensus second quarter revenues and earnings.<\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cActive managers reduced their exposure to stocks by the second most amount on record over a three week period<\/strong>\u201d.<\/em><\/p>\n

https:\/\/equityclock.com\/2023\/08\/24\/stock-market-outlook-for-august-25-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Splunk $SPLK a NASDAQ 100 stock moved above $112.03 extending an intermediate uptrend. <\/p>\n

The company reported higher than consensus quarterly results.<\/p>\n

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Walt Disney $DIS a Dow Jones Industrial Average stock moved below $85.16 and $84.07 extending an intermediate downtrend. <\/p>\n

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Dollar Tree $DLTR a NASDAQ 100 stock moved below $128.85 extending an intermediate downtrend. <\/p>\n

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Lululemon $LULU a NASDAQ 100 stock moved below $368.76 completing a double top pattern.<\/p>\n

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DexCom $DXCM a NASDAQ 100 stock moved below $102.50 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 24th<\/sup> 2023<\/p>\n

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

Red: Decrease from previous day<\/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 24th<\/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 August 23rd<\/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

The Top 3 Reasons Why THIS Is My Favorite Entry Trigger | Stock Talk (08.24.23)<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=xr24Bm-ozz0<\/a><\/p>\n

 <\/p>\n

Perspective: Looking At Monthly Charts | Tom Bowley<\/font><\/em> | Trading Places (08.24.23)<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=4GXSEGnunAk<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer plunged 6.40 to 31.20. It remains Oversold. Daily downtrend resumed.<\/p>\n

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The long term Barometer dropped 1.60 to 50.40. It remains Neutral.<\/p>\n

 <\/p>\n

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

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The intermediate term Barometer plunged 8.37 to 35.68. It remains Oversold. Daily downtrend resumed.<\/p>\n

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The long term Barometer dropped 3.08 to 46.26. It remains Neutral.<\/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 August 25th U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points at 8:30 AM EDT. Investors are waiting for a statement on FOMC interest rate expectations to be presented today by Federal Reserve Chairman Powell at the Jackson Hole symposium. Affirm added $0.97 to $14.80 […]<\/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-169110","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/169110","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=169110"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/169110\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=169110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=169110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=169110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}