{"id":170497,"date":"2023-10-13T02:22:00","date_gmt":"2023-10-13T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=170497"},"modified":"2023-10-13T08:52:59","modified_gmt":"2023-10-13T12:52:59","slug":"tech-talk-for-friday-october-13th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/10\/13\/tech-talk-for-friday-october-13th-2023\/","title":{"rendered":"Tech Talk for Friday October 13th 2023"},"content":{"rendered":"

Pre-opening Comments for Friday October 13th<\/sup><\/strong><\/font><\/em><\/p>\n

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

UnitedHealth Group<\/b> added $6.76 to $532.30 after reporting higher than consensus third quarter earnings. The company also raised fourth quarter guidance.<\/em><\/p>\n

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Dollar General<\/b> advanced $8.17 to $110.00 after the company reappointed its retired former chief executive officer<\/em><\/p>\n

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Wells Fargo<\/b> gained $0.74 to $40.48 after reporting higher than consensus third quarter earnings.<\/em><\/p>\n

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Cassava Sciences<\/b> plunged $4.85 to $12.69 after an investigation accused the firm of \u201cegregious misconduct\u201d.<\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cIn this high inflation backdrop and as we prepare for the risk of a recession ahead, the goal is to tailor portfolios towards those areas that have pricing power\u201d.<\/strong><\/em><\/p>\n

https:\/\/equityclock.com\/2023\/10\/12\/stock-market-outlook-for-october-13-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

U.S. Medical Devices iShares<\/b> $IHI moved below $45.97 extending an intermediate downtrend.<\/p>\n

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Vertex<\/b> $VRTX a NASDAQ 100 stock moved above $367.00 to an all-time high extending an intermediate uptrend. <\/p>\n

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Adobe<\/b> $ADBE a NASDAQ 100 stock moved above $570.24 extending an intermediate uptrend. <\/p>\n

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Fastenal<\/b> $FAST a NASDAQ 100 stock moved above $59.08 extending an intermediate uptrend. <\/p>\n

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Abbott Labs <\/b>$ABT an S&P 100 stock moved below $91.42 extending an intermediate downtrend. <\/p>\n

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Align Technology<\/b> $ALGN a NASDAQ 100 stock moved below intermediate support at $273.46<\/p>\n

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Couche Tard<\/b> $ATD.TO a TSX 60 stock moved above Cdn$74.49 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 Oct.12th<\/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

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

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

Daily Seasonal\/Technical Commodities Trends for October 12th<\/sup> 2023<\/p>\n

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

Red: Decrease from previous day<\/font><\/em><\/p>\n

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

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

Daily Seasonal\/Technical Sector Trends for October 12th<\/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

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

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

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

2 Clear Strategies When Using the ADX | Stock Talk (10.12.23)<\/b><\/p>\n

2 Clear Strategies When Using the ADX | Stock Talk (10.12.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Best Ways To Find Trading Opportunities in Up, Down OR Sideways Markets | Your Daily Five (10.12.23)<\/b><\/p>\n

Best Ways To Find Trading Opportunities in Up, Down OR Sideways Markets | Your Daily Five (10.12.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

\"clip_image014\"<\/a><\/p>\n

The intermediate term Barometer dropped 4.80 to 27.40. It remains Oversold.<\/p>\n

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The long term Barometer dropped 3.20 to 40.40. It remains Neutral<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer dropped 5.00 to 29.96. It remains Oversold. <\/p>\n

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

The long term Barometer dropped 5.03 to 36.12. It changed from Neutral to Oversold.<\/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 October 13th U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:30 AM EDT. UnitedHealth Group added $6.76 to $532.30 after reporting higher than consensus third quarter earnings. The company also raised fourth quarter guidance. Dollar General advanced $8.17 to $110.00 after the company reappointed its […]<\/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-170497","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/170497","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=170497"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/170497\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=170497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=170497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=170497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}