{"id":170141,"date":"2023-09-29T02:22:00","date_gmt":"2023-09-29T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=170141"},"modified":"2023-09-29T08:59:03","modified_gmt":"2023-09-29T12:59:03","slug":"tech-talk-for-friday-september-29th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/09\/29\/tech-talk-for-friday-september-29th-2023\/","title":{"rendered":"Tech Talk for Friday September 29th 2023"},"content":{"rendered":"

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

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 25 points at 8:35 AM EDT.<\/em><\/p>\n

Index futures were unchanged following release of U.S. economic news at 8:30 AM EDT. <\/b>Consensus for the August PCE Price Index was an increase of 0.5% versus a gain of 0.2% in July. Actual was an increase of 0.4%. On a year-over-year basis, consensus was an increase of 3.5% versus a gain of 3.3% in July. Actual was an increase of 3.5%. Consensus for August core PCE Price Index was an increase of 0.2% versus a gain of 0.2% in July. Actual was an increase of 0.1%. On a year-over-year basis, consensus was an increase of 3.9% versus a gain of 4.2% in July. Actual was an increase of 3.9$. Consensus for August Personal Income was an increase of 0.4% versus a gain of 0.2% in July. Actual was an increase of 0.3%. Consensus for August Personal Spending was an increase of 0.5% versus a gain of 0.8% in July. Actual was an increase of 0.4%<\/em><\/p>\n

The Canadian Dollar was unchanged at US74.51 cents following release of the July monthly GDP report at 8:30 AM EDT.<\/b> Consensus was unchanged versus a decline of 0.2% in June. Actual was unchanged<\/em><\/p>\n

Nike<\/b> gained $1.66 to $91.37 after fiscal first quarter earnings beat consensus estimates. <\/em><\/p>\n

\"clip_image001[1]\"<\/a><\/p>\n

Vail Resorts<\/b> dropped $1.25 to $241.00 after reporting a wider than expected fiscal fourth quarter loss.<\/em><\/p>\n

\"clip_image002[1]\"<\/a><\/p>\n

Brinker International<\/b> added $0.95 to $32.00 after Stifel Nicolaus upgraded the stock from hold to buy.<\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cThe equity market has reached the end of the weakest period of the year\u201d.<\/strong><\/em><\/p>\n

https:\/\/equityclock.com\/2023\/09\/28\/stock-market-outlook-for-september-29-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Costco <\/b>$COST an S&P 100 stock moved above $569.05 extending an intermediate uptrend. <\/p>\n

\"clip_image001\"<\/a><\/p>\n

Workday<\/b> $WDAY a NASDAQ 100 stock move below $218.44 setting an intermediate downtrend. <\/p>\n

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Salesforce.com<\/b> $CRM a Dow Jones Industrial Average stock moved below $200.20 completing a Head & Shoulders pattern.<\/p>\n

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Southern Companies<\/b> $SO an S&P 100 stock moved below $65.93 extending an intermediate downtrend. <\/p>\n

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Simon Property<\/b> $PG an S&P 100 stock moved below $108.11 extending an intermediate downtrend. <\/p>\n

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Excelon <\/b>$EXC a NASDAQ 100 stock moved below $38.45 extending an intermediate downtrend.<\/p>\n

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Accenture <\/b>$ACN a NASDAQ 100 stock moved below $301.31 and $294.93 setting an intermediate downtrend.<\/p>\n

\"clip_image007\"<\/a><\/p>\n

Canadian Natural Resources<\/b> $CNQ.TO a TSX 60 stock moved above Cdn$89.22 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 September 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

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 28th<\/sup> 2023<\/p>\n

\"clip_image012\"<\/a><\/b><\/p>\n

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 September 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

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

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

What To Do When The MACD Is Broken | Stock Talk (09.28.23)<\/b><\/p>\n

What To Do When The MACD Is Broken | Stock Talk (09.28.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Is it Possible for the S&P 500 to Hold the 4300 Level? | The Final Bar (09.28.23)<\/b><\/p>\n

Is it Possible for the S&P 500 to Hold the 4300 Level? | The Final Bar (09.28.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

\"clip_image015\"<\/a><\/p>\n

The intermediate term Barometer added 3.80 to 19.40. It remains Oversold.<\/p>\n

\"clip_image016\"<\/a><\/p>\n

The long term Barometer added 1.00 to 41.00. It remains Neutral.<\/p>\n

 <\/p>\n

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

\"clip_image017\"<\/a><\/p>\n

The intermediate term Barometer added 3.08 to 24.23. It remains Oversold.<\/p>\n

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

The long term Barometer added 3.08 to 37.00. It remains Oversold. <\/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 Friday September 29th U.S. equity index futures were higher this morning. S&P 500 futures were up 25 points at 8:35 AM EDT. Index futures were unchanged following release of U.S. economic news at 8:30 AM EDT. Consensus for the August PCE Price Index was an increase of 0.5% versus a gain of […]<\/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-170141","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/170141","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=170141"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/170141\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=170141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=170141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=170141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}