{"id":169171,"date":"2023-08-29T02:22:00","date_gmt":"2023-08-29T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=169171"},"modified":"2023-08-29T08:53:04","modified_gmt":"2023-08-29T12:53:04","slug":"tech-talk-for-tuesday-august-29th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/08\/29\/tech-talk-for-tuesday-august-29th-2023\/","title":{"rendered":"Tech Talk for Tuesday August 29th 2023"},"content":{"rendered":"

Pre-opening Comments for Tuesday August 29th<\/sup><\/strong><\/font><\/em><\/p>\n

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

Big Lots<\/b> jumped $1.04 to $7.32 after reporting a narrower than expected second quarter loss.<\/em><\/p>\n

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JM Smucker<\/b> advanced $3.65 to $146.54 after reporting higher than consensus fiscal first quarter earnings. <\/em><\/p>\n

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Best Buy<\/b> added $0.75 to $74.82 after reporting higher than consensus second quarter earnings. <\/em><\/p>\n

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Bank of Nova Scotia<\/b> (BNS Cdn$62.82 ) is expected to open lower after reporting less than consensus quarterly earnings. <\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cThe reversal of treasury bond prices last week creates a highly enticing risk-reward to look to accumulate positions, using intermediate-term levels of support below as the stop to any holdings<\/strong>\u201d.<\/em><\/p>\n

https:\/\/equityclock.com\/2023\/08\/28\/stock-market-outlook-for-august-29-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Mastercard $MA an S&P 100 stock moved above $405.19 to an all-time high extending an intermediate uptrend. <\/p>\n

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Verisk Analytics $VRSK a NASDAQ 100 stock moved above $238.82 to an all-time high extending an intermediate uptrend. <\/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 28th<\/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 28th<\/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 28th<\/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

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

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

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

Dollar gains may bring stock market pain in September<\/b><\/p>\n

Dollar Gains May Bring Stock Market Pain In September | Seeking Alpha<\/a><\/p>\n

 <\/p>\n

The stock market is set up for a relief rally. Don\u2019t chase the bounce, says technician.<\/b><\/p>\n

https:\/\/www.marketwatch.com\/story\/the-stock-market-is-set-up-for-a-relief-rally-dont-chase-the-bounce-says-technician-22ff6831?mod=newsviewer_click_seemore<\/a><\/p>\n

 <\/p>\n

Prepare for a stock market crash: Jeffery Huge<\/font><\/em><\/b><\/p>\n

StockCharts TV | StockCharts.com<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 2.80 to 37.00. It remains Oversold.<\/p>\n

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The long term Barometer added 1.40 to 53.40. It remains Neutral.<\/p>\n

 <\/p>\n

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

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The intermediate term Barometer advanced 8.37 to 40.34. It changed from Oversold to Neutral on a recovery above 40.00.<\/p>\n

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The long term Barometer added 3.52 to 51.10. 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 Tuesday August 29th U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points at 8:30 AM EDT. Big Lots jumped $1.04 to $7.32 after reporting a narrower than expected second quarter loss. JM Smucker advanced $3.65 to $146.54 after reporting higher than consensus fiscal first quarter earnings. […]<\/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-169171","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/169171","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=169171"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/169171\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=169171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=169171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=169171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}