{"id":171294,"date":"2023-11-14T02:22:00","date_gmt":"2023-11-14T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=171294"},"modified":"2023-11-14T09:06:37","modified_gmt":"2023-11-14T14:06:37","slug":"tech-talk-for-tuesday-november-14th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/11\/14\/tech-talk-for-tuesday-november-14th-2023\/","title":{"rendered":"Tech Talk for Tuesday November 14th 2023"},"content":{"rendered":"

Pre-opening Comments for Tuesday November 14th<\/sup><\/strong><\/font><\/em><\/p>\n

Index futures were higher this morning<\/b>. S&P 500 futures were up 49 points at 8:35 AM EST.<\/em><\/p>\n

Index futures were sharply higher following release of the U.S. October Consumer Price Index<\/b> at 8:30 AM EST<\/b>. Consensus was an increase 0.1% versus a gain of 0.4% in September. Actual was unchanged. On a year-over-year basis consensus was an increase of 3.3%. Actual was an increase of 3.2%. Excluding food and energy, consensus was an increase 0.3% versus a gain of 0.3% in September. Actual was an increase of 0.2%. Year-over-year, consensus was an increase of 4.1% versus a gain of 4.1% in September. Actual was an increase of 4.0%.<\/em><\/p>\n

Sun Life Financial<\/b> is expected to open higher after the company increased its quarterly dividend from Cdn$0.75 to Cdn$0.78 per share<\/em><\/p>\n

\"clip_image001[1]\"<\/a><\/p>\n

Teck Resources<\/b> advanced US$2.05 to US$38.50 after Glencore bought a 77% stake in Teck\u2019s steelmaking coal business for $6.93 billion<\/em><\/p>\n

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General Dynamics<\/b> added $0.55 to $247.20 after receiving an order from Indian Health Service valued at $2.5 billion.<\/em><\/p>\n

\"clip_image001[2]\"<\/a><\/p>\n

Home Depot<\/b> added $2.77 to $290.84 after reporting higher than consensus third quarter earnings. <\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cCore defensive sectors are reporting year-to-date declines and are vulnerable to tax-loss selling through the month ahead<\/strong>\u201d.<\/em><\/p>\n

https:\/\/equityclock.com\/2023\/11\/13\/stock-market-outlook-for-november-14-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Boeing <\/b>$BA a Dow Jones Industrial Average stock moved above intermediate resistance at $199.62<\/p>\n

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Meta Platforms<\/b> $META a NASDAQ 100 stock moved above $330.54 extending an intermediate uptrend. <\/p>\n

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General Dynamics<\/b> $GD an S&P 100 stock moved above $245.06 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 Nov13th<\/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 Nov.13th<\/sup> 2023<\/p>\n

\"clip_image007\"<\/a><\/b><\/p>\n

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

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

 <\/p>\n

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

Daily Seasonal\/Technical Sector Trends for November 13th<\/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

Canadian Association for Technical Analysis Presentation<\/strong><\/font><\/p>\n

Guest video presenter for the CATA\u2019s presentation at 8:00 PM EST tonight is Will Tamplin. Everyone is welcome. Not a member of CATA? See https:\/\/canadianata.ca\/<\/a><\/p>\n

 <\/p>\n

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

\"clip_image010\"<\/a><\/p>\n

The intermediate term Barometer slipped 1.40 to 48.00. It remains Neutral.<\/p>\n

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The long term Barometer added 0.20 to 41.60. It remains Neutral. <\/p>\n

 <\/p>\n

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

\"clip_image012\"<\/a><\/p>\n

The intermediate term Barometer dropped 2.54 to 42.29. It remains Neutral.<\/p>\n

\"clip_image013\"<\/a><\/p>\n

The long term Barometer added 1.32 to 38.77. 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 November 14th Index futures were higher this morning. S&P 500 futures were up 49 points at 8:35 AM EST. Index futures were sharply higher following release of the U.S. October Consumer Price Index at 8:30 AM EST. Consensus was an increase 0.1% versus a gain of 0.4% in September. Actual was […]<\/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-171294","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/171294","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=171294"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/171294\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=171294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=171294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=171294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}