{"id":171519,"date":"2023-11-21T02:22:00","date_gmt":"2023-11-21T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=171519"},"modified":"2023-11-21T08:53:47","modified_gmt":"2023-11-21T13:53:47","slug":"tech-talk-for-tuesday-november-21st-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/11\/21\/tech-talk-for-tuesday-november-21st-2023\/","title":{"rendered":"Tech Talk for Tuesday November 21st 2023"},"content":{"rendered":"

Pre-opening Comments for Tuesday November 21st<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning.<\/b> S&P 500 futures were down 5 points at 8:35 AM EST.<\/em><\/p>\n

The Canadian Dollar<\/b> was unchanged at US72.95 cents following release of Canada\u2019s October Consumer Price Index at 8:30 AM EST. Consensus was an increase of 0.1%. Actual was an increase of 0.1%. On a year-over year basis October CPI consensus was an increase 3.1% versus a gain of 3.8% in July. Actual was an increase of 3.1%. On a year-over-year basis, consensus for October core CPI was an increase of 3.6% versus a gain of 3.7% in September. Actual was 3.5%.<\/em><\/p>\n

Lowe\u2019s<\/b> dropped $8.46 to $195.98 after reporting less than consensus third quarter results.<\/em><\/p>\n

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Agilent <\/b>advanced $7.02 to $121.00 after reporting higher than consensus third quarter results. The company also raised fourth quarter guidance. <\/em><\/p>\n

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Symbotic <\/b>gained $7.98 to $45.14 after reporting higher than consensus fiscal fourth quarter revenues.<\/em><\/p>\n

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Dick\u2019s Sporting Goods<\/b> added $9.79 to $128.80 after reporting higher than consensus third quarter earnings. The company also raised fourth quarter guidance. <\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cPrecious metals are in focus as their periods of seasonal strength get set to begin\u201d.<\/strong><\/em><\/p>\n

https:\/\/equityclock.com\/2023\/11\/20\/stock-market-outlook-for-november-21-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

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

NASDAQ 100 Units<\/b> $QQQ moved above $387.42 extending an intermediate uptrend. The equivalent in Canadian Dollars $XQQ.TO moved above Cdn$121.85. <\/p>\n

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NVidia <\/b>$NVDA a NASDAQ 100 stock moved above $502.62 to an all-time high extending an intermediate uptrend. Quarterly results are expected to be released today.<\/p>\n

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Steel iShares<\/b> $SLX moved above intermediate resistance at $68.63.<\/p>\n

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Nikkei Average<\/b> briefly moved above 33,722.89 to a multi-decade high extending an intermediate uptrend. <\/p>\n

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JP Morgan<\/b> $JPM a Dow Jones Industrial Average stock moved above intermediate resistance at $153.11.<\/p>\n

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CSX<\/b> $CSX a NASDAQ 100 stock moved above intermediate resistance at $32.00.<\/p>\n

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Accenture <\/b>$ACN an S&P 100 stock moved above $329.07 extending an intermediate uptrend. <\/p>\n

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Analog Devices<\/b> $ADI a NASDAQ 100 stock moved above intermediate resistance at $183.43.<\/p>\n

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 <\/p>\n

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

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

What to Consider When Buying Pullbacks In A Bullish Market | Your Daily Five <\/b><\/p>\n

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

 <\/p>\n

Check These Out – Buyable Pullbacks Under the Surface! | Moxie Indicator Minutes <\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=eR99YXZyvdg<\/a><\/p>\n

 <\/p>\n

Magnificent 7 Stocks Testing HUGE Resistance | The Final Bar (11.20.23)<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=EUEZnx422x0<\/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 Nov20th<\/sup> 2023<\/p>\n

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

Red: Decrease from previous day<\/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.20th<\/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

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

Daily Seasonal\/Technical Sector Trends for November 20th<\/sup> 2023 <\/p>\n

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

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

 <\/p>\n

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

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The intermediate term Barometer added 1.60 to 73.00. It remains Overbought. Daily trend remains up.<\/p>\n

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The long term Barometer added 0.80 to 55.00. It remains Neutral. Daily trend remains up.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer advanced 4.85 to 63.88. It changed from Neutral to Overbought on a move above 60.00. Daily trend remains up. <\/p>\n

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

The intermediate term Barometer added 1.32 to 44.93. It remains Neutral. Daily trend remains up. <\/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 Tuesday November 21st U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:35 AM EST. The Canadian Dollar was unchanged at US72.95 cents following release of Canada\u2019s October Consumer Price Index at 8:30 AM EST. Consensus was an increase of 0.1%. Actual was an increase […]<\/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-171519","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/171519","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=171519"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/171519\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=171519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=171519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=171519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}