{"id":171173,"date":"2023-11-09T02:22:00","date_gmt":"2023-11-09T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=171173"},"modified":"2023-11-09T08:51:54","modified_gmt":"2023-11-09T13:51:54","slug":"tech-talk-for-thursday-november-9th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/11\/09\/tech-talk-for-thursday-november-9th-2023\/","title":{"rendered":"Tech Talk for Thursday November 9th 2023"},"content":{"rendered":"

Pre-opening Comments for Thursday November 9th<\/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 8:30 AM EST.<\/em><\/p>\n

Walt Disney<\/b> advanced $1.25 to $85.75 after reporting higher than consensus fiscal fourth quarter earnings.<\/em><\/p>\n

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Take Two<\/b> jumped $7.52 to $150.99 after reporting higher than consensus quarterly revenues.<\/em> <\/p>\n

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Lyft<\/b> dropped $0.53 to $10.19 after acknowledging a decline in active rider growth.<\/em><\/p>\n

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Twilio <\/b>gained $4.20 to $60.01 after reporting higher than consensus third quarter revenues. The company also offered positive fourth quarter guidance. <\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cWholesale inventories remain on a contractionary path, a scenario that, in modern history, has only ever been seen during economic recessions<\/strong>\u201d.<\/em><\/p>\n

https:\/\/equityclock.com\/2023\/11\/08\/stock-market-outlook-for-november-9-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Apple<\/b> $AAPL a Dow Jones Industrial Average stock moved above intermediate resistance at $182.34.<\/p>\n

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Synopsys <\/b>$SNPS a NASDAQ 100 stock moved above $502.66 to an all-time high extending an intermediate uptrend. <\/p>\n

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Oracle <\/b>$ORCL an S&P 100 stock moved intermediate resistance at $110.92.<\/p>\n

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O\u2019Reilly Automotive<\/b> $ORLY a NASDAQ 100 stock moved above $975.72 to an all-time high extending an intermediate uptrend. <\/p>\n

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Gasoline ETN<\/b> $UGA moved below $60.69 extending an intermediate downtrend.<\/p>\n

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Natural Gas ETN<\/b> $UNG moved below $6.42 extending an intermediate downtrend.<\/p>\n

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Suncor<\/b> $SU.TO a TSX 60 stock moved below $43.35 completing a double top pattern.<\/p>\n

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Constellation Software<\/b> $CSU.TO a TSX 60 stock moved above Cdn$2,904.03 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 Nov.8th<\/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 Nov.8th<\/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

 <\/p>\n

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

Daily Seasonal\/Technical Sector Trends for November 8th<\/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

 <\/p>\n

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

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

NASDAQ Gains For 7th Straight Day Due to These Factors | Trading Places (11.07.23)<\/b><\/p>\n

NASDAQ Gains For 7th Straight Day Due to These Factors | Trading Places (11.07.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

5 MUST SEE Stocks With Positive Trends in Momentum and RSI | Your Daily Five (11.07.2023)<\/b><\/p>\n

5 MUST SEE Stocks With Positive Trends in Momentum and RSI | Your Daily Five (11.07.2023) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Market is UP After 10% Correction, Is a V Bottom In Place? | Moxie Indicator Minutes (11.07.23)<\/b><\/p>\n

Market is UP After 10% Correction, Is a V Bottom In Place? | Moxie Indicator Minutes (11.07.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Why Are Higher Interest Rates A Big Deal? | The Final Bar (11.07.23)<\/b><\/p>\n

Why Are Higher Interest Rates A Big Deal? | The Final Bar (11.07.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

When Will The S&P 500 Prove a New Uptrend? | Your Daily Five (11.08.23)<\/b><\/p>\n

When Will The S&P 500 Prove a New Uptrend? | Your Daily Five (11.08.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Top Ten Hidden Features of StockCharts, Features 1-5 | The Final Bar (11.08.23)<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=1aVZgIpjmJM<\/a><\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer added 0.80 to 46.00. It remains Neutral.<\/p>\n

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

The long term Barometer dipped 0.40 to 39.80. It changed from Neutral to Oversold on a move below 40.00.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer dropped 2.20 to 40.09. It remains Neutral.<\/p>\n

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

The long term Barometer dropped 2.20 to 34.80. It remains 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 Thursday November 9th U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points at 8:30 AM EST. Walt Disney advanced $1.25 to $85.75 after reporting higher than consensus fiscal fourth quarter earnings. Take Two jumped $7.52 to $150.99 after reporting higher than consensus quarterly revenues. Lyft dropped […]<\/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-171173","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/171173","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=171173"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/171173\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=171173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=171173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=171173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}