{"id":170771,"date":"2023-10-27T02:22:00","date_gmt":"2023-10-27T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=170771"},"modified":"2023-10-27T08:46:49","modified_gmt":"2023-10-27T12:46:49","slug":"tech-talk-for-friday-october-27th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/10\/27\/tech-talk-for-friday-october-27th-2023\/","title":{"rendered":"Tech Talk for Friday October 27th 2023"},"content":{"rendered":"

Pre-opening Comments for Friday October 27th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 18 points at 8:35 AM EDT.<\/em><\/p>\n

S&P 500 Index futures added 7 points following release of the September Core PCE Price Index<\/b>. Consensus was an increase of 0.3% versus a gain of 0.1% in August. Actual was an increase of 0.3%. On a year-over-year basis, consensus was an increase 3.7% versus a gain of 3.9% in August. Actual was an increase of 3.7%.<\/em><\/p>\n

Amazon <\/b>added $6.41 to $125.98 after reporting higher than consensus third quarter results.<\/em><\/p>\n

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Ford<\/b> dropped $0.45 after reporting less than consensus third quarter earnings. <\/em><\/p>\n

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Intel <\/b>gained $2.73 to $35.25 after reporting higher than consensus third quarter results. The company also raised guidance for the fourth quarter. <\/em><\/p>\n

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Chipotle<\/b> advanced $33.53 to $1840.00 after reporting higher than consensus third quarter results.<\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cToday marks the average start to the best six months of the year for stocks.  Over the past five decades,<\/strong> the S&P 500 Index has gained an average of 8.12% between October 27th and May 5th<\/sup><\/strong>\u201d.<\/em><\/p>\n

https:\/\/equityclock.com\/2023\/10\/26\/stock-market-outlook-for-october-27-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

TSX Composite Index<\/b> moved below 18,847.09 to a 13 month low extending an intermediate downtrend. Also, TSX 60 Index moved below 1,130.77 to a 13 month low <\/p>\n

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Dow Jones Industrial Average<\/b> $INDU moved below 32,846.94 extending an intermediate downtrend. Its related SPDRs $DIA moved below $328.30.<\/p>\n

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Communication Services SPDRs<\/b> $XLC moved below $64.31 and $64.16 completing a double top pattern.<\/p>\n

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QQQ Trust<\/b> $QQQ moved below $351.36 extending an intermediate downtrend.<\/p>\n

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Technology SPDRs<\/b> $XLK moved below $160.61 extending an intermediate downtrend.<\/p>\n

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S&P 100 stocks breaking support and setting intermediate downtrends included<\/b><\/p>\n

Apple <\/b>$AAPL on a move below $167.62.Charter Communications<\/b> $CHTR on a move below $425.43 and $407.57,Fox<\/b> $FOX on a move below $27.62, FOXA on a move below $29.72, Altria <\/b>$MO on a move below $40.91, Nvidia<\/b> $NVDA on a move below $403.08.<\/p>\n

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NASDAQ 100 stocks breaking support and setting intermediate downtrends included <\/b>TakeTwo<\/b> $TTWO on a move below $135.73, Advanced Micro Devices<\/b> $AMD on a move below $94.46<\/p>\n

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Waste Connection<\/b> $WCN.TO a TSX 60 stock moved below Cdn$179.08 and Cdn$178.20 setting an intermediate downtrend. <\/p>\n

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First Quantum Minerals<\/b> $FM.TO a TSX 60 stock moved below Cdn$28.87 and Cdn$28.13 setting an intermediate downtrend.<\/p>\n

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 <\/p>\n

Trader\u2019s Corner<\/strong><\/font><\/p>\n

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Equity Indices and Related ETFs<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Equity Trends for Oct.26th<\/sup> 2023<\/p>\n

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Green: Increase from previous day<\/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 October 26th<\/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 October 26th<\/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

NASDAQ NOSEDIVES, Down Over 2% At The Close! | The Final Bar (10.25.23)<\/b><\/p>\n

NASDAQ NOSEDIVES, Down Over 2% At The Close! | The Final Bar (10.25.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Market’s At RISK in The Mega Cap Bloodbath! | Moxie Indicator Minutes (10.26.23)<\/b><\/p>\n

Market’s At RISK in The Mega Cap Bloodbath! | Moxie Indicator Minutes (10.26.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Oppenheimer’s John Stoltzfus breaks down his S&P 500 $4,900 year end price target<\/b><\/p>\n

Oppenheimer’s John Stoltzfus breaks down his S&P 500 $4,900 year end price target \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 0.60 to 15.20. It remains Oversold.<\/p>\n

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The long term Barometer dropped 1.00 to 28.40. It remains Oversold. Daily downtrend was extended <\/p>\n

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

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The intermediate term Barometer slipped 0.88 to 24.67. It remains Oversold.<\/p>\n

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The long term Barometer dropped 1.78 to 27.75. It remains Oversold, Daily downtrend was extended.<\/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 27th U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:35 AM EDT. S&P 500 Index futures added 7 points following release of the September Core PCE Price Index. Consensus was an increase of 0.3% versus a gain of 0.1% in August. Actual […]<\/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-170771","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/170771","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=170771"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/170771\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=170771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=170771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=170771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}