{"id":169541,"date":"2023-09-12T02:22:00","date_gmt":"2023-09-12T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=169541"},"modified":"2023-09-12T08:58:57","modified_gmt":"2023-09-12T12:58:57","slug":"tech-talk-for-tuesday-september-12th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/09\/12\/tech-talk-for-tuesday-september-12th-2023\/","title":{"rendered":"Tech Talk for Tuesday September 12th 2023"},"content":{"rendered":"

Pre-opening Comments for Tuesday September 12th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 10 points at 8:30 AM EDT.<\/em><\/p>\n

Oracle<\/b> dropped $6.74 to $119.89 after reporting less than consensus fiscal first quarter revenues. Also, Davidson lowered its target price from $115 to $105.<\/em><\/p>\n

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Moderna <\/b>added $0.91 to $106.71 after the FDA approved its MRNA shots for people older than 12 years.<\/em><\/p>\n

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Casey\u2019s General Stores<\/b> added $7.60 to $247.00 after reporting higher than consensus fiscal first quarter earnings. <\/em><\/p>\n

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Apple<\/b> added $1.18 to $179.36 prior to launch of iPhone 15 today. The stock has a history of moving higher prior to launch of new products followed by a brief period of short term profit taking.<\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cThe US Dollar Index is breaking out of its trend of lower-lows and lower-highs and this poses risks to stocks and commodities<\/strong>\u201d.<\/em><\/p>\n

https:\/\/equityclock.com\/2023\/09\/11\/stock-market-outlook-for-september-12-2023\/<\/em><\/a><\/p>\n

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

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

Industrial SPDRs $XLI moved below $105.31 setting an intermediate downtrend. <\/p>\n

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Wheat ETN $WEAT moved below $5.88 extending an intermediate downtrend.<\/p>\n

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Raytheon Technologies $RTX an S&P 100 stock moved below $80.79 extending an intermediate downtrend. The company announced a $3 billion charge on its Pratt & Whitney engine division. <\/p>\n

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Paychex $PAYX a NASDAQ 100 stock moved below $119.36 setting an intermediate downtrend.<\/p>\n

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JM Smucker $SJM moved below $138.36 following news of its announced purchase of Hostess Foods.<\/p>\n

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CheckPoint Software $CHKP a NASDAQ 100 stock moved above $135.93 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 September 11th<\/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

 <\/p>\n

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

Daily Seasonal\/Technical Commodities Trends for September 11th<\/sup> 2023<\/p>\n

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Green: Increase from previous day<\/b><\/font><\/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 September 11th<\/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

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

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The intermediate term Barometer added 1.80 to 36.80. It remains Oversold.<\/p>\n

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The long term Barometer added 1.40 to 51.60. It remains Neutral.<\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 3.54 to 45.48. It remains Neutral.<\/p>\n

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The long term Barometer was unchanged at 48.23. It remains Neutral.<\/p>\n

<\/b><\/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 September 12th U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points at 8:30 AM EDT. Oracle dropped $6.74 to $119.89 after reporting less than consensus fiscal first quarter revenues. Also, Davidson lowered its target price from $115 to $105. Moderna added $0.91 to $106.71 after […]<\/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-169541","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/169541","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=169541"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/169541\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=169541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=169541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=169541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}