{"id":171214,"date":"2023-11-10T02:22:00","date_gmt":"2023-11-10T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=171214"},"modified":"2023-11-10T08:45:46","modified_gmt":"2023-11-10T13:45:46","slug":"tech-talk-for-friday-november-10th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/11\/10\/tech-talk-for-friday-november-10th-2023\/","title":{"rendered":"Tech Talk for Friday November 10th 2023"},"content":{"rendered":"

Pre-opening Comments for Friday November 10th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 10 points at 8:30 AM EST.<\/em><\/p>\n

Trade Desk<\/b> plunged $22.57 to $54.24 after the company lowered fiscal fourth quarter expectations.<\/em><\/p>\n

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Lions Gate Entertainment<\/b> added $0.13 to $9.20 after reporting higher than consensus fiscal second quarter revenues and profits. <\/em><\/p>\n

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Groupon<\/b> plunged $4.54 to $9.00 after reporting a third quarter loss. <\/em><\/p>\n

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Illumina dropped $9.38 to $97.60<\/b> after the company cut its revenue and earnings forecast.<\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cA number of sectors of the market are rolling over from resistance at 50-day moving averages\u201d.<\/strong><\/em><\/p>\n

https:\/\/equityclock.com\/2023\/11\/09\/stock-market-outlook-for-november-10-2023\/<\/em><\/a><\/p>\n

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

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

Technology SPDRs<\/b> $XLK moved above $177.00 setting an intermediate uptrend.<\/p>\n

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Semiconductor ETF<\/b> $SMH moved above intermediate resistance at $154.06<\/p>\n

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Technology stocks trading above intermediate resistance include Nvidia<\/b> on a move above $476.09, Lam Research<\/b> on a move above $665.00, Micron<\/b> on a move above $97.15 and <\/b><\/p>\n

Broadcom<\/b> on a move above $925.91. <\/p>\n

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Germany iShares<\/b> $EWG moved above intermediate resistance at $26.50<\/p>\n

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Walt Disney<\/b> $DIS a Dow Jones Industrial Average stock moved above $86.29 completing a Reverse Head & Shoulders pattern. <\/p>\n

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Rogers Communications<\/b> $RCI.B.TO a TSX 60 stock moved Cdn$57.26 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.9th<\/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.9th<\/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

 <\/p>\n

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

Daily Seasonal\/Technical Sector Trends for November 9th<\/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

The Crypto Market is on FIRE! | Trading Places (11.09.23)<\/b><\/p>\n

The Crypto Market is on FIRE! | Trading Places (11.09.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

This Relative Strength Signal Can Provide Early Warning Signs | Stock Talk (11.09.2<\/b><\/p>\n

This Relative Strength Signal Can Provide Early Warning Signs | Stock Talk (11.09.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Chart of the Day<\/strong><\/font><\/p>\n

Technical score for the commodity ETN: GSG dropped from 0 to -6:<\/p>\n

Intermediate trend changed from up to down on a move below $21.13 and $20.91.Score: +2 to -2<\/p>\n

Strength relative to the S&P 500 changed from Neutral to Negative: Score: 0 to -2<\/p>\n

Twenty day moving average: Remained below Score: -1<\/p>\n

Daily Momentum (Stochastics, RSI, MACD): Continued trending down. Score: -1<\/p>\n

Total Score -6<\/p>\n

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 <\/p>\n

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

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The intermediate term Barometer dropped 5.20 to 40.80. It remains Neutral. Daily trend is down.<\/p>\n

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The long term Barometer dropped another 1.80 to 38.00. It remains Oversold. Daily trend is down. <\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer added 1.76 to 41.85. It remains Neutral.<\/p>\n

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

The long term Barometer added 1.75 to 36.46. 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 November 10th U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:30 AM EST. Trade Desk plunged $22.57 to $54.24 after the company lowered fiscal fourth quarter expectations. Lions Gate Entertainment added $0.13 to $9.20 after reporting higher than consensus fiscal second quarter revenues […]<\/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-171214","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/171214","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=171214"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/171214\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=171214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=171214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=171214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}