{"id":170854,"date":"2023-10-31T02:22:00","date_gmt":"2023-10-31T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=170854"},"modified":"2023-10-31T08:49:08","modified_gmt":"2023-10-31T12:49:08","slug":"tech-talk-for-tuesday-october-31st-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/10\/31\/tech-talk-for-tuesday-october-31st-2023\/","title":{"rendered":"Tech Talk for Tuesday October 31st 2023"},"content":{"rendered":"

Pre-opening Comments for Tuesday October 31st<\/sup><\/strong><\/font><\/em><\/p>\n

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

The Canadian Dollar <\/b>slipped 0.06 to US72.26 cents following release of Canada\u2019s August GDP at 8:30 AM EDT. Consensus was an increase of 0.1% versus no change in July. Actual was no change. On a year-over-year basis consensus was an increase of 0.9 versus a gain of 1.1% in July. Actual was an increase of 0.9%.<\/em><\/p>\n

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Another semiconductor equity drop!<\/b> Lattice Semiconductor plunged $9.13 to $58.16 after lowering fourth quarter guidance. <\/em><\/p>\n

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Pinterest <\/b>added $3.25 to $28.35 after reporting higher than consensus third quarter revenues and earnings. <\/em><\/p>\n

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VF Corp<\/b> dropped $0.82 to $16.30 after reporting less than consensus quarterly results. <\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cSigns of a near-term peak on the US Dollar Index is leading to a rebound of a number of currencies from pivotal points of support<\/strong>\u201d.<\/em><\/p>\n

https:\/\/equityclock.com\/2023\/10\/30\/stock-market-outlook-for-october-31-2023\/<\/em><\/a><\/p>\n

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

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

Energy SPDRs<\/b> $XLE moved below $66.82 completing a double top pattern.<\/p>\n

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Okta<\/b> $OKTA a NASDAQ 100 stock moved below $66.82 setting an intermediate downtrend. <\/p>\n

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Microchip Technology<\/b> $MCHP a NASDAQ 100 stock moved below $69.59 extending an intermediate downtrend. <\/p>\n

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ON Semiconductor<\/b>, $ON a NASDAQ 100 stock moved below $66.67 extending an intermediate downtrend. <\/p>\n

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Constellation Software $CSU.TO a TSX 60 stock moved below Cdn$2,667.09 completing a double top pattern. <\/p>\n

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Franco-Nevada $FNV.TO and $FNV a TSX 60 stock moved below $Cdn$175.33 and US$127.45 extending an intermediate downtrend. <\/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.27th<\/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 27th<\/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 27th<\/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

Here are 5 reasons why U.S. stocks will likely rally into the end of 2023, says one Wall Street veteran<\/b><\/p>\n

https:\/\/www.marketwatch.com\/story\/here-are-5-reasons-why-u-s-stocks-will-likely-rally-into-the-end-of-2023-says-one-wall-street-veteran-86be1dcb?mod=mw_pushly&send_date=20231030<\/a><\/p>\n

 <\/p>\n

Indicators Warn Market Is At Crucial Pivot Point | Your Daily Five (10.30.23)<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=rlN-ws1vWyY<\/a><\/p>\n

 <\/p>\n

Bad News For Buyers Weighing Hefty Mortgage Rates | The DecisionPoint Trading Room (10.30.23)<\/b><\/p>\n

Bad News For Buyers Weighing Hefty Mortgage Rates | The DecisionPoint Trading Room (10.30.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

The Final Bar with David Keller, CMT | LIVE Q&A! | 4pm ET, 1pm PT | Oct. 30th, 2023<\/b><\/p>\n

The Final Bar with David Keller, CMT | LIVE Q&A! | 4pm ET, 1pm PT | Oct. 30th, 2023 \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 3.80 to 14.40. It remains Oversold.<\/p>\n

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The long term Barometer added 3.80 to 28.40. It remains Oversold. <\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer eased 1.76 to 25.99. It remains Oversold.<\/p>\n

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

The long term Barometer added 2.20 to 30.40. 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 Tuesday October 31st U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points at 8:35 AM EDT. The Canadian Dollar slipped 0.06 to US72.26 cents following release of Canada\u2019s August GDP at 8:30 AM EDT. Consensus was an increase of 0.1% versus no change in July. 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-170854","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/170854","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=170854"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/170854\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=170854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=170854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=170854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}