{"id":171433,"date":"2023-11-17T02:22:00","date_gmt":"2023-11-17T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=171433"},"modified":"2023-11-17T08:44:21","modified_gmt":"2023-11-17T13:44:21","slug":"tech-talk-for-friday-november-17th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/11\/17\/tech-talk-for-friday-november-17th-2023\/","title":{"rendered":"Tech Talk for Friday November 17th 2023"},"content":{"rendered":"

Pre-opening Comments for Friday November 17th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 15 points at 8:30 AM EST.<\/em><\/p>\n

Today is the last trade day for November listed options, futures and futures options<\/b>. <\/em><\/p>\n

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

Index futures unchanged following release of the October U.S. Housing Starts report at 8:30 AM EST. <\/b>Consensus was a slip to 1.345 million units from 1.358 million units in September. Actual was an increase to 1.372 million units<\/em><\/p>\n

Applied Materials<\/b> plunged $11.83 to $142.98 on a report that the company is under federal investigation due to its trade with China. <\/em><\/p>\n

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

Gap Inc<\/b> advanced $2.05 to $15.70 after reporting higher than consensus third quarter results.<\/em><\/p>\n

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Ross Stores<\/b> gained $7.16 to 127.31 after reporting higher than consensus third quarter results. The company also offered positive guidance.<\/em><\/p>\n

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Analog Devices<\/b> advanced $3.48 to $183.32 after Morgan Stanley upgraded the stock to Overweight.<\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cWhile stocks look exhausted in the short-term, an upside bias is normal through the week of US Thanksgiving<\/strong>\u201d.<\/em><\/p>\n

https:\/\/equityclock.com\/2023\/11\/16\/stock-market-outlook-for-november-17-2023\/<\/em><\/a><\/p>\n

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

Wolf on Bay Street interview<\/strong><\/font><\/p>\n

Don Vialoux<\/font><\/em><\/strong> was interviewed by Wolfgang Klein and Jack Hardill for the show on Thursday. The show is released at 7:00 PM EST on Saturday on Corus Radio 640.<\/p>\n

 <\/p>\n

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

U.S. Oil and Gas Exploration and Production SPDRs<\/b> $XOP moved below $134.99 completing a double top pattern. Responding to lower crude oil prices. <\/p>\n

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ConocoPhillips<\/b> $COP an S&P 100 stock moved below intermediate support at $111.11.<\/p>\n

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Silver ETN<\/b> $SLV moved above $21.72 setting an intermediate uptrend. <\/p>\n

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Wheaton Precious Metals<\/b> $WPM a TSX 60 stock moved above $45.60 resuming an intermediate uptrend. <\/p>\n

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General Electric<\/b> $GE an S&P 100 stock moved above $117.88 to a five year high extending an intermediate uptrend. <\/p>\n

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American Tower<\/b> $AMT an S&P 100 stock moved above $198.80 extending an intermediate uptrend. <\/p>\n

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Cisco<\/b> $CSCO a Dow Jones Industrial Average stock moved below $51.09 extending an intermediate downtrend. The company lowered second quarter guidance. <\/p>\n

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Algonquin Power<\/b> $AQN.TO a TSX 60 stock moved above a reverse Head & Shoulders pattern on a move above Cdn$8.11.<\/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 Nov16th<\/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

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

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

Daily Seasonal\/Technical Commodities Trends for Nov.16th<\/sup> 2023<\/p>\n

\"clip_image012\"<\/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 16th<\/sup> 2023 <\/p>\n

\"clip_image014\"<\/a><\/p>\n

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

<\/b><\/p>\n

Three Ways to Stay on the Right Side of the Market | The Final Bar (11.15.23)<\/b><\/p>\n

Three Ways to Stay on the Right Side of the Market | The Final Bar (11.15.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Unpacking the S&P 500 Rally and the Catalyst to Higher Markets | Trading Places (11.16.23)<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=I9j62KCDGJI<\/a><\/p>\n

 <\/p>\n

BMO’s bullish bet on Biotech<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=TJb4xNVKgvw<\/a><\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer dropped 3.20 to 66.80. It remains Overbought.<\/p>\n

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

The long term Barometer slipped 1.00 to 51.00. It remains Neutral.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer dropped 1.32 to 57.71. It remains Neutrtal.<\/p>\n

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

The long term Barometer dropped 1.76 to 41.41. It remains Neutral.<\/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 Friday November 17th U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points at 8:30 AM EST. Today is the last trade day for November listed options, futures and futures options. Index futures unchanged following release of the October U.S. Housing Starts report at 8:30 AM EST. […]<\/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-171433","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/171433","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=171433"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/171433\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=171433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=171433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=171433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}