{"id":169503,"date":"2023-09-11T02:22:00","date_gmt":"2023-09-11T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=169503"},"modified":"2023-09-11T08:50:44","modified_gmt":"2023-09-11T12:50:44","slug":"tech-talk-for-monday-september-11th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/09\/11\/tech-talk-for-monday-september-11th-2023\/","title":{"rendered":"Tech Talk for Monday September 11th 2023"},"content":{"rendered":"<p><em><font size=\"5\"><strong>Pre-opening Comments for Monday September 11<sup>th<\/sup><\/strong><\/font><\/em><\/p>\n<p><em><b>U.S. equity index futures were higher this morning<\/b>. S&amp;P 500 futures were up 22 points at 8:30 AM EDT.<\/em><\/p>\n<p><em><b>Hostess Foods <\/b>advanced $4.19 to an all-time high at $32.30 on news that Smucker is close to a deal to buy the company.<\/em><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image001-4.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image001\" style=\"border-top: 0px; border-right: 0px; background-image: none; border-bottom: 0px; padding-top: 0px; padding-left: 0px; border-left: 0px; display: inline; padding-right: 0px\" border=\"0\" alt=\"clip_image001\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image001_thumb-4.png\" width=\"464\" height=\"288\" \/><\/a><\/p>\n<p><em><b>Tesla<\/b> advanced $15.83 to $264.33 after Morgan Stanley upgraded the stock to Overweight. Target price was raised to $400.<\/em><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image0021-5.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image002[1]\" style=\"border-top: 0px; border-right: 0px; background-image: none; border-bottom: 0px; padding-top: 0px; padding-left: 0px; border-left: 0px; display: inline; padding-right: 0px\" border=\"0\" alt=\"clip_image002[1]\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image0021_thumb-5.png\" width=\"464\" height=\"288\" \/><\/a><\/p>\n<p><em><b>Oracle <\/b>added $1.50 to an all-time high at $127.82 prior to reporting first quarter results later today.<\/em><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image003-4.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image003\" style=\"border-top: 0px; border-right: 0px; background-image: none; border-bottom: 0px; padding-top: 0px; padding-left: 0px; border-left: 0px; display: inline; padding-right: 0px\" border=\"0\" alt=\"clip_image003\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image003_thumb-4.png\" width=\"464\" height=\"288\" \/><\/a><\/p>\n<p><em><b>Kenvue <\/b>gained $0.65 to $21.95 after Deutsche Bank upgraded the stock from Hold to Buy.<\/em><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image0041-2.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image004[1]\" style=\"border-top: 0px; border-right: 0px; background-image: none; border-bottom: 0px; padding-top: 0px; padding-left: 0px; border-left: 0px; display: inline; padding-right: 0px\" border=\"0\" alt=\"clip_image004[1]\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image0041_thumb-2.png\" width=\"464\" height=\"288\" \/><\/a><\/p>\n<p>&#160;<\/p>\n<p><em><font size=\"5\"><strong>EquityClock\u2019s Daily Comment<\/strong><\/font><\/em><\/p>\n<p><em>Headline reads \u201c<strong>The surge of Canadian unemployment this year is reminiscent of an economic recession<\/strong>\u201d.<\/em><\/p>\n<p><a href=\"https:\/\/equityclock.com\/2023\/09\/09\/stock-market-outlook-for-september-11-2023\/\"><em>https:\/\/equityclock.com\/2023\/09\/09\/stock-market-outlook-for-september-11-2023\/<\/em><\/a><\/p>\n<p>&#160;<\/p>\n<p><font size=\"5\"><strong>The Bottom Line<\/strong><\/font><\/p>\n<p><b>Lots of \u201cnoise\u201d bothering North American equity markets this week!<\/b><\/p>\n<p><b><\/b><\/p>\n<ul>\n<li><b>Possible autoworker strikes in Canada and U.S. starting September 14<sup>th<\/sup><\/b>. Bargaining positions between the union and companies remain wide. <\/li>\n<li><b>Possible shut down of the U.S. government by Congress if unable to reach a deficit limit agreement before the end of September.<\/b> The House of Representative returns from holidays today facing 12 legislative bills that need urgent approval. Most important bill is extension of the U.S. government debt ceiling limit. Financial differences on the bill between conservative Republicans and liberal Democrats are substantial. Chance of at least a short term shut down of the U.S. government before the end of the month is higher than usual. If an agreement is not reached quickly, U.S. government debt temporarily may default, its debt rating will be reduced (again), government employees, social benefits recipients and the military will not receive salary and social assistance payments and Federal government services will shut down. <\/li>\n<li><b>Continuation of hurricane season<\/b>. One of the strongest hurricanes in recent history (possible a category 5 with winds greater than 150 mph) is moving toward the U.S. mainland. Chances are good that the hurricane will start moving to the north instead of into the Gulf of Mexico, but likely will disrupt economic activity along the U.S. East Coast. At worst, it could move into the New York\/ Boston corridor as well as into Nova Scotia and Newfoundland where destruction could be significant. <\/li>\n<li><b>Disturbing economic news. <\/b>The August Consumer Price report this Wednesday and the Producer Price Index report this Thursday are expected to raise concerns by the Federal Reserve that recent declines in annual inflation toward its 2% target have stalled. Indeed, consensus for CPI and PPI in the month of August is predicting an <b>increase<\/b> from July. If so, enthusiasm for equity prices likely will be dampened until after the next FOMC announcement on interest rates on September 20<sup>th<\/sup>. <b><\/b><\/li>\n<\/ul>\n<p><font size=\"5\"><strong>Consensus for Earnings and Revenues for S&amp;P 500 Companies<\/strong><\/font><\/p>\n<p>Source: <a href=\"http:\/\/www.Factset.com\">www.Factset.com<\/a><\/p>\n<p><b>Consensus estimates for remainder of 2023 were unchanged last week.<\/b> Consensus for the third quarter is an earnings increase on a year-over-year basis of 0.5%. Third quarter revenues are expected to increase 1.6%. Fourth quarter earnings are expected to increase 8.2%.. Fourth quarter revenues are expected to increase 3.7%. For all of 2023, consensus calls for an earnings increase of 1.2%. Revenues are expected to increase 2.4%.<b><\/b><\/p>\n<p><b><\/b><\/p>\n<p><b>The recovery in earnings continues into 2024.<\/b> Consensus for the first quarter on a year-over-year basis is an earnings increase of 8.6% and a revenue increase of 4.7%. Consensus for the second quarter is an earnings increase of 12.1% and a revenue increase of 5.5%. Consensus for all of 2024 is a 12.2% earnings increase (versus previous estimate at 12.0%) and a 5.6% revenue increase (versus a previous estimate at 5.5% increase). <\/p>\n<p>&#160;<\/p>\n<p><font size=\"5\"><strong>Economic News This Week<\/strong><\/font><\/p>\n<p>Source: <a href=\"http:\/\/www.Investing.com\">www.Investing.com<\/a><\/p>\n<p><b>August Consumer Price Index<\/b> released at 8:30 AM EDT on Wednesday is expected to increase 0.6% versus a gain of 0.2% in July. On a year-over-year basis, August CPI is expected to increase 3.6% versus a gain of 3.2% in July. <b>Excluding food and energy<\/b>, August CPI is expected to increase 0.2% versus a gain of 0.2% in July. On a year-over-year basis, August core CPI is expected to increase 4.3% versus a gain of 4.7% in July.<\/p>\n<p><b>European Central Bank interest rate decision<\/b> is released at 8:15 AM EDT on Thursday. Consensus calls for no change at 4.25%.<\/p>\n<p><b>August Producer Price Index<\/b> released at 8:30 AM EDT on Thursday is expected to increase 0.4% versus a gain of 0.3% in July. On a year-over-year basis, August PPI is expected to increase 1.2% versus a gain of 0.8% in July. Excluding food and energy, August PPI is expected to increase 0.2% versus a gain of 0.3% in July. On a year-over-year basis, August core PPI is expected to 2.2% versus a gain of 2.4% in July.<\/p>\n<p><b>August U.S. Retail Sales<\/b> released at 8:30 AM EDT on Thursday are expected to increase 0.2% versus a gain of 0.7% in July. Excluding auto sales, August U.S. retail sales are expected to increase 0.4% versus a gain of 1.0% in July.<\/p>\n<p><b>July Business Inventories<\/b> released at 10:00 AM EDT on Thursday are expected to increase 0.1% versus no change in July<\/p>\n<p><b>September Empire State Manufacturing Survey<\/b> released at 8:30 AM EDT on Friday is expected to improve to -10.00 from -19.00 in August<\/p>\n<p><b>August Capacity Utilization<\/b> released at 9:15 AM EDT on Friday is expected to remain unchanged from July at 79.3. <b>August Industrial Production <\/b>is expected to increase 0.1% versus a gain of 1.0% in July.<\/p>\n<p><b>September Michigan Consumer Sentiment<\/b> released at 10:00 AM EDT on Friday is expected to drop to 69.2 from 69.5 in August.<\/p>\n<p>&#160;<\/p>\n<p><font size=\"5\"><strong>Selected Earnings News This Week<\/strong><\/font><\/p>\n<p>Source: <a href=\"http:\/\/www.Investing.com\">www.Investing.com<\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image002-4.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image002\" style=\"border-left-width: 0px; border-right-width: 0px; background-image: none; border-bottom-width: 0px; padding-top: 0px; padding-left: 0px; display: inline; padding-right: 0px; border-top-width: 0px\" border=\"0\" alt=\"clip_image002\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image002_thumb-4.png\" width=\"636\" height=\"554\" \/><\/a><\/p>\n<p>&#160;<\/p>\n<p><font size=\"5\"><strong>Trader\u2019s Corner<\/strong><\/font><\/p>\n<p><strong><font size=\"5\"><\/font><\/strong><\/p>\n<p><font size=\"4\"><strong>Equity Indices and Related ETFs<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Equity Trends for September 8<sup>th<\/sup> 2023<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image004-4.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image004\" style=\"border-left-width: 0px; border-right-width: 0px; background-image: none; border-bottom-width: 0px; padding-top: 0px; padding-left: 0px; display: inline; padding-right: 0px; border-top-width: 0px\" border=\"0\" alt=\"clip_image004\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image004_thumb-4.png\" width=\"706\" height=\"348\" \/><\/a><\/p>\n<p><em>Green: Increase from previous day<\/em><\/p>\n<p><em><font color=\"#ff0000\">Red: Decrease from previous day<\/font><\/em><\/p>\n<p><em>Source for all positive seasonality ratings: <\/em><a href=\"http:\/\/www.EquityClock.com\"><em>www.EquityClock.com<\/em><\/a><\/p>\n<p>&#160;<\/p>\n<p><font size=\"4\"><strong>Commodities<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Commodities Trends for September 8<sup>th<\/sup> 2023<\/p>\n<p><b><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image006-4.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image006\" style=\"border-left-width: 0px; border-right-width: 0px; background-image: none; border-bottom-width: 0px; padding-top: 0px; padding-left: 0px; display: inline; padding-right: 0px; border-top-width: 0px\" border=\"0\" alt=\"clip_image006\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image006_thumb-4.png\" width=\"706\" height=\"424\" \/><\/a><\/b><\/p>\n<p><em>Green: Increase from previous day<\/em><\/p>\n<p><em><font color=\"#ff0000\">Red: Decrease from previous day<\/font><\/em><\/p>\n<p><em><\/em><\/p>\n<p><font size=\"4\"><strong>Sectors<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Sector Trends for September 8<sup>th<\/sup> 2023 <\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image008-4.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image008\" style=\"border-left-width: 0px; border-right-width: 0px; background-image: none; border-bottom-width: 0px; padding-top: 0px; padding-left: 0px; display: inline; padding-right: 0px; border-top-width: 0px\" border=\"0\" alt=\"clip_image008\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image008_thumb-4.png\" width=\"706\" height=\"474\" \/><\/a><\/p>\n<p><em><font color=\"#00ff00\">Green: Increase from previous day<\/font><\/em><\/p>\n<p><em><font color=\"#ff0000\">Red: Decrease from previous day<\/font><\/em><\/p>\n<p>&#160;<\/p>\n<p><font size=\"5\"><strong><em>Technical Scores<\/em><\/strong><\/font><\/p>\n<p><strong><em><font size=\"5\"><\/font><\/em><\/strong><\/p>\n<p><b><\/b><\/p>\n<p><b><em>Calculated as follows:<\/em><\/b><\/p>\n<p><strong><em><\/em><\/strong><\/p>\n<p><em>Intermediate Uptrend based on at least 20 trading days: Score 2<\/em><\/p>\n<p><em>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (Higher highs and higher lows)<\/em><\/p>\n<p><em>Intermediate Neutral trend: Score 0<\/em><\/p>\n<p><em>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (Not up or down)<\/em><\/p>\n<p><em>Intermediate Downtrend: Score -2<\/em><\/p>\n<p><em>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (Lower highs and lower lows)<\/em><\/p>\n<p>&#160;<\/p>\n<p><em>Outperformance relative to the S&amp;P 500 Index: Score: 2<\/em><\/p>\n<p><em>Neutral Performance relative to the S&amp;P 500 Index: 0<\/em><\/p>\n<p><em>Underperformance relative to the S&amp;P 500 Index: Score \u20132<\/em><\/p>\n<p><em><\/em><\/p>\n<p><em>Above 20 day moving average: Score 1<\/em><\/p>\n<p><em>At 20 day moving average: Score: 0<\/em><\/p>\n<p><em>Below 20 day moving average: \u20131<\/em><\/p>\n<p><em><\/em><\/p>\n<p><em>Up trending momentum indicators (Daily Stochastics, RSI and MACD): 1<\/em><\/p>\n<p><em>Mixed momentum indicators: 0<\/em><\/p>\n<p><em>Down trending momentum indicators: \u20131<\/em><\/p>\n<p><em><\/em><\/p>\n<p><em>Technical scores range from -6 to +6. Technical buy signals based on the above guidelines start when a security advances to at least 0.0, but preferably 2.0 or higher. Technical sell\/short signals start when a security descends to 0, but preferably -2.0 or lower. <\/em><\/p>\n<p><em><\/em><\/p>\n<p><em>Long positions require maintaining a technical score of -2.0 or higher. Conversely, a short position requires maintaining a technical score of +2.0 or lower<\/em><\/p>\n<p>&#160;<\/p>\n<p><font size=\"5\"><strong>Changes Last Week<\/strong><\/font><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image010-4.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image010\" style=\"border-left-width: 0px; border-right-width: 0px; background-image: none; border-bottom-width: 0px; padding-top: 0px; padding-left: 0px; display: inline; padding-right: 0px; border-top-width: 0px\" border=\"0\" alt=\"clip_image010\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image010_thumb-4.png\" width=\"348\" height=\"342\" \/><\/a><\/p>\n<p>&#160;<\/p>\n<p><font size=\"5\"><strong>Links offered by valued providers<\/strong><\/font><\/p>\n<p><strong><font size=\"5\"><\/font><\/strong><\/p>\n<p><b><em><font size=\"2\">Michael Campbell\u2019s<\/font><\/em> Money Talks for September 9<sup>th<\/sup> <\/b><\/p>\n<p><a href=\"https:\/\/mikesmoneytalks.ca\/category\/mikes-content\/complete-show\/?mc_cid=89a5202e9c&amp;mc_eid=592546b4b5\">Michael Campbell\u2019s MoneyTalks \u2013 Complete Show (mikesmoneytalks.ca)<\/a><\/p>\n<p>&#160;<\/p>\n<p><b>Crucial Insights: How Rising Rates IMPACT You! | The Final Bar (09.07.23)<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=MNQEhInBEDA\">Crucial Insights: How Rising Rates IMPACT You! | The Final Bar (09.07.23) \u2013 YouTube<\/a><\/p>\n<p>&#160;<\/p>\n<p><b>Fed will skip September hike, says JPMorgan Asset Management&#8217;s <em><font size=\"2\">Kelsey Berro<\/font><\/em><\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=RQvdLb55d_w\">Fed will skip September hike, says JPMorgan Asset Management&#8217;s Kelsey Berro \u2013 YouTube<\/a><\/p>\n<p>&#160;<\/p>\n<p><b>Recession probability been rising in recent months, says <em><font size=\"2\">Abby Joseph Cohen<\/font><\/em><\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=PzRfXkIZ30I\">Recession probability been rising in recent months, says Abby Joseph Cohen \u2013 YouTube<\/a><\/p>\n<p>&#160;<\/p>\n<p><b>Electric Vehicles, Cryptos, Geo-cosmic, Solar Flares. <em><font size=\"2\">Mark Leibovit<\/font><\/em><\/b><\/p>\n<p><a href=\"https:\/\/www.howestreet.com\/2023\/09\/crude-oil-us-dollar-gold-interest-rates-bitcoin-mark-leibovit\/\">https:\/\/www.howestreet.com\/2023\/09\/crude-oil-us-dollar-gold-interest-rates-bitcoin-mark-leibovit\/<\/a><\/p>\n<p>&#160;<\/p>\n<p><b>Which is More Likely &#8212; SPX Over 4600 or Below 4200? <\/b><b>SEPTEMBER 08,<\/b> <b><em><font size=\"2\">David Keller<\/font><\/em><\/b><\/p>\n<p><a href=\"https:\/\/stockcharts.com\/articles\/mindfulinvestor\/2023\/09\/which-is-more-likely-spx-over-993.html?mc_cid=2f9269920a&amp;mc_eid=8f8943347e\">Which is More Likely &#8212; SPX Over 4600 or Below 4200? | The Mindful Investor | StockCharts.com<\/a><\/p>\n<p>&#160;<\/p>\n<p><b>Major Tech Group Turns Negative | The MEM Edge (09.08.23)<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=JYU6WCyNfPE\">Major Tech Group Turns Negative | The MEM Edge (09.08.23) \u2013 YouTube<\/a><\/p>\n<p>&#160;<\/p>\n<p><b>5 Charts Showing Promising Uptrends! | Your Daily Five (09.08.23<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=bdKyCODarBs\">5 Charts Showing Promising Uptrends! | Your Daily Five (09.08.23) \u2013 YouTube<\/a><\/p>\n<p>&#160;<\/p>\n<p><b>September 8, 2023 | China\u2019s Economy, US Dollar, Gold, Interest Rates, Bonds: <em><font size=\"2\">Bob Hoye<\/font><\/em><\/b><\/p>\n<p><a href=\"https:\/\/www.howestreet.com\/2023\/09\/chinas-economy-us-dollar-gold-interest-rates-bonds-bob-hoye\/\">China\u2019s Economy, US Dollar, Gold, Interest Rates, Bonds \u2013 HoweStreet<\/a><\/p>\n<p>&#160;<\/p>\n<p><b>Trading Desk Notes For September 9, 2023: <font size=\"2\"><em>Victor Adair<\/em><\/font><\/b><\/p>\n<p><a href=\"https:\/\/www.howestreet.com\/2023\/09\/trading-desk-notes-for-september-9-2023\/\">Trading Desk Notes For September 9, 2023 \u2013 HoweStreet<\/a><\/p>\n<p>&#160;<\/p>\n<p><b>Technical Scoop from <em><font size=\"2\">David Chapman<\/font><\/em> and <\/b><a href=\"http:\/\/www.EnrichedInvesting.com\"><b>www.EnrichedInvesting.com<\/b><\/a><b> <\/b><\/p>\n<p><a href=\"https:\/\/enrichedinvesting.com\/wp-content\/uploads\/2023\/09\/Iffy-markets-seminal-events-surprising-jobs-languishing-gold-rising-energy.pdf\">https:\/\/enrichedinvesting.com\/wp-content\/uploads\/2023\/09\/Iffy-markets-seminal-events-surprising-jobs-languishing-gold-rising-energy.pdf<\/a><\/p>\n<p>&#160;<\/p>\n<p><b>Links offered by <em><font size=\"2\">Mark Bunting<\/font><\/em> and <\/b><a href=\"http:\/\/www.uncommonsenseinvestor.com\"><b>www.uncommonsenseinvestor.com<\/b><\/a><b> <\/b><\/p>\n<p><a href=\"https:\/\/uncommonsenseinvestor.com\/rh-has-big-2024-in-store-for-patient-investors\/\">RH Has Big 2024 in Store for Patient Investors. &#8211; Uncommon Sense Investor<\/a><\/p>\n<p><a href=\"https:\/\/uncommonsenseinvestor.com\/u-s-a-vs-google-whats-at-stake-three-potential-scenarios\/\">U.S.A. vs. Google. What&#8217;s at Stake? Three Potential Scenarios. &#8211; Uncommon Sense Investor<\/a><\/p>\n<p>&#160;<\/p>\n<p><font size=\"5\"><strong>Technical Notes for Friday<\/strong><\/font><\/p>\n<p>Aerospace &amp; Defense ETF $PPA moved below $82.28 extending an intermediate downtrend. <\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image011-2.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image011\" style=\"border-left-width: 0px; border-right-width: 0px; background-image: none; border-bottom-width: 0px; padding-top: 0px; padding-left: 0px; display: inline; padding-right: 0px; border-top-width: 0px\" border=\"0\" alt=\"clip_image011\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image011_thumb-2.png\" width=\"464\" height=\"288\" \/><\/a><\/p>\n<p>Canadian Pacific $CP.TO a TSX 60 stock moved below Cdn$105.40 extending an intermediate downtrend.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image012-3.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image012\" style=\"border-left-width: 0px; border-right-width: 0px; background-image: none; border-bottom-width: 0px; padding-top: 0px; padding-left: 0px; display: inline; padding-right: 0px; border-top-width: 0px\" border=\"0\" alt=\"clip_image012\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image012_thumb-3.png\" width=\"464\" height=\"288\" \/><\/a><\/p>\n<p>&#160;<\/p>\n<p><font size=\"5\"><strong>S&amp;P 500 Momentum Barometers<\/strong><\/font><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image013-4.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image013\" style=\"border-left-width: 0px; border-right-width: 0px; background-image: none; border-bottom-width: 0px; padding-top: 0px; padding-left: 0px; display: inline; padding-right: 0px; border-top-width: 0px\" border=\"0\" alt=\"clip_image013\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image013_thumb-4.png\" width=\"464\" height=\"288\" \/><\/a><\/p>\n<p>The intermediate Barometer was unchanged on Friday and dropped 12.60 last week to 35.00. It returned to Oversold from Neutral on a drop below 40.00.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image014-3.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image014\" style=\"border-left-width: 0px; border-right-width: 0px; background-image: none; border-bottom-width: 0px; padding-top: 0px; padding-left: 0px; display: inline; padding-right: 0px; border-top-width: 0px\" border=\"0\" alt=\"clip_image014\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image014_thumb-3.png\" width=\"464\" height=\"288\" \/><\/a><\/p>\n<p>The long term Barometer slipped 0.40 and dropped 8.80 last week to 50.20. It remains Neutral. Daily trend is down.<\/p>\n<p>&#160;<\/p>\n<p><font size=\"5\"><strong>TSX Momentum Barometers<\/strong><\/font><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image015-4.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image015\" style=\"border-left-width: 0px; border-right-width: 0px; background-image: none; border-bottom-width: 0px; padding-top: 0px; padding-left: 0px; display: inline; padding-right: 0px; border-top-width: 0px\" border=\"0\" alt=\"clip_image015\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image015_thumb-4.png\" width=\"464\" height=\"288\" \/><\/a><\/p>\n<p>The intermediate term Barometer dropped 4.66 on Friday and plunged 16.55 last week to 42.04. It remains Neutral. <\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image016-3.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image016\" style=\"border-left-width: 0px; border-right-width: 0px; background-image: none; border-bottom-width: 0px; padding-top: 0px; padding-left: 0px; display: inline; padding-right: 0px; border-top-width: 0px\" border=\"0\" alt=\"clip_image016\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2023\/09\/clip_image016_thumb-3.png\" width=\"464\" height=\"288\" \/><\/a><\/p>\n<p>The long term Barometer slipped 0.23 on Friday and dropped 6.40 last week to 48.23. It remains Neutral.<\/p>\n<p>&#160;<\/p>\n<p><em><b>Disclaimer:<\/b> Seasonality ratings and technical ratings offered in this report and at<\/em><\/p>\n<p><a href=\"http:\/\/www.equityclock.com\"><em>www.equityclock.com<\/em><\/a><em> 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":"<p>Pre-opening Comments for Monday September 11th U.S. equity index futures were higher this morning. S&amp;P 500 futures were up 22 points at 8:30 AM EDT. Hostess Foods advanced $4.19 to an all-time high at $32.30 on news that Smucker is close to a deal to buy the company. Tesla advanced $15.83 to $264.33 after Morgan [&hellip;]<\/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-169503","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/169503","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=169503"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/169503\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=169503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=169503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=169503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}