{"id":171392,"date":"2023-11-16T02:22:00","date_gmt":"2023-11-16T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=171392"},"modified":"2023-11-16T08:55:58","modified_gmt":"2023-11-16T13:55:58","slug":"tech-talk-for-thursday-november-16th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/11\/16\/tech-talk-for-thursday-november-16th-2023\/","title":{"rendered":"Tech Talk for Thursday November 16th 2023"},"content":{"rendered":"

Pre-opening Comments for Thursday November 16th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 1 point at 8:35 AM EST.<\/em><\/p>\n

S&P 500 futures improved 7 points following release of the November Philly Fed Index at 8:30 AM EST<\/b>. Consensus was an increase to -8.0 from -9.0 in October. Actual was an increase to -5.9.<\/em><\/p>\n

Cisco<\/b> dropped $6.00 to $47.28 after the company lowered guidance for its fiscal second quarter below consensus.<\/em><\/p>\n

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

Palo Alto<\/b> plunged $17.69 to $238.49 after the company guided to lower billings in its fiscal second quarter.<\/em><\/p>\n

\"clip_image002[1]\"<\/a><\/p>\n

Walmart<\/b> dropped $12.56 to $157.26 after the company\u2019s guidance for fiscal fourth quarter was less than consensus.<\/em><\/p>\n

\"clip_image003[1]\"<\/a><\/p>\n

Macy\u2019s<\/b> advanced $1.40 to $14.02 after reporting higher than consensus fiscal third quarter earnings.<\/em><\/p>\n

\"clip_image004[1]\"<\/a><\/p>\n

 <\/p>\n

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

Headline reads \u201cGasoline demand is abnormally upbeat through this fall season as consumers welcome the lower price of the winter blend<\/strong>\u201d.<\/em><\/p>\n

https:\/\/equityclock.com\/2023\/11\/15\/stock-market-outlook-for-november-16-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Frontier iShares $FM moved above intermediate resistance at $26.58.<\/p>\n

\"clip_image001\"<\/a><\/p>\n

China large cap iShares $FXI moved above intermediate resistance at $27.27.<\/p>\n

\"clip_image002\"<\/a><\/p>\n

Hong Kong iShares $IWH moved above $17.70 completing a short term reverse Head & Shoulders pattern.<\/p>\n

\"clip_image003\"<\/a><\/p>\n

Global Timber and Forest Product iShares $WOOD moved above $76.60 extending an intermediate uptrend.<\/p>\n

\"clip_image004\"<\/a><\/p>\n

S&P 100 and NASDAQ 100 equities breaking resistance included Netflix $NFLX on a move above $453.45, Intuit on a move above $557.67, Applied Materials $AMAT on a move above $155.26, Intel on a move above $39.94, Incyte on a move above $55.36, Medtronic on a move above $73.62 and $73.94 and Abbott Labs on move above $98.15.<\/p>\n

\"clip_image005\"<\/a><\/p>\n

\"clip_image006\"<\/a><\/p>\n

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

\"clip_image008\"<\/a><\/p>\n

\"clip_image009\"<\/a><\/p>\n

Bank of Montreal $BMO.TO a TSX 60 stock moved above Cdn$111.07 completing a short term reverse Head & Shoulders pattern.<\/p>\n

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

Sun Life Financial $SLF.TO a TSX 60 stock moved above Cdn$69.29 to an all-time high extending an intermediate uptrend. <\/p>\n

\"clip_image011\"<\/a><\/p>\n

 <\/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 Nov15th<\/sup> 2023<\/p>\n

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

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

 <\/p>\n

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

Daily Seasonal\/Technical Commodities Trends for Nov.15th<\/sup> 2023<\/p>\n

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

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 November 15th<\/sup> 2023 <\/p>\n

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

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

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

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

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

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

Wyckoff Case for New Stock MARKET HIGHS! | Power Charting (11.14.23)<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=FbACEOmR92U<\/a><\/p>\n

 <\/p>\n

We are not going to have any more inflation, says Wharton’s Jeremy Siegel<\/b><\/p>\n

We are not going to have any more inflation, says Wharton’s Jeremy Siegel \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

Technical score for Dow Jones Transportation Average iShares improved from 0 to +4:<\/p>\n

Trend: changed from down to neutral on a move above $236.64. Score: -2 to 0<\/p>\n

Strength relative to SPX: Changed from neutral to positive. Score: 0 to +2<\/p>\n

Above\/Below 20 day MA: Above Score: +1<\/p>\n

Daily momentum (Stochastics, RSI, MACD): Up Score: +1<\/p>\n

Total Score: 0 to +4<\/p>\n

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

 <\/p>\n

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

\"clip_image019\"<\/a><\/p>\n

The intermediate term Barometer added 3.60 to 70.00. It remains Overbought. Daily trend remains up.<\/p>\n

\"clip_image020\"<\/a><\/p>\n

The long term Barometer added 1.00 to 52.00. It remains Neutral. Daily trend remains up.<\/p>\n

 <\/p>\n

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

\"clip_image021\"<\/a><\/p>\n

The intermediate term Barometer added 1.32 to 59.03. It remains Neutral. Daily trend remains up.<\/p>\n

\"clip_image022\"<\/a><\/p>\n

The long term Barometer slipped 0.88 to 43.17. It remains Neutral.<\/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 Thursday November 16th U.S. equity index futures were lower this morning. S&P 500 futures were down 1 point at 8:35 AM EST. S&P 500 futures improved 7 points following release of the November Philly Fed Index at 8:30 AM EST. Consensus was an increase to -8.0 from -9.0 in October. 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-171392","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/171392","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=171392"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/171392\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=171392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=171392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=171392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}