{"id":171554,"date":"2023-11-22T02:22:00","date_gmt":"2023-11-22T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=171554"},"modified":"2023-11-22T08:44:17","modified_gmt":"2023-11-22T13:44:17","slug":"tech-talk-for-wednesday-november-22nd-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/11\/22\/tech-talk-for-wednesday-november-22nd-2023\/","title":{"rendered":"Tech Talk for Wednesday November 22nd 2023"},"content":{"rendered":"

Pre-opening Comments for Wednesday November 22nd<\/sup><\/strong><\/font><\/em><\/p>\n

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

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 12 points at 8:35 AM EST.<\/em><\/p>\n

Index futures were unchanged following release of October Durable Goods Orders<\/b> at 8:30 AM EST. Consensus was -3.0% versus +4.7% in September. Actual was -5.4%.<\/em><\/p>\n

The Canadian Dollar<\/b> slipped 0.12 to US 72.87 cents following release of the Federal Government\u2019s economic update.<\/em><\/p>\n

Autodesk<\/b> gained $5.44 to $223.11 after reporting higher than consensus third quarter revenues and profits. <\/em><\/p>\n

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NVidia <\/b>dropped $4.65 to $499.44 despite reporting higher than consensus third quarter revenues and earnings. <\/em><\/p>\n

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Urban Outfitters<\/b> added $0.64 to $36.95 after reporting higher than consensus third quarter results. The company also offered positive fourth quarter guidance<\/em>.<\/p>\n

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Deere <\/b>dropped $23.65 to $359.00 after lowering fiscal first quarter guidance<\/em><\/p>\n

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 <\/p>\n

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

Headline reads \u201cJust as headline prints of consumer prices alleviate, it may be the time to consider inflation hedges for portfolios<\/strong>\u201d.<\/em><\/p>\n

https:\/\/equityclock.com\/2023\/11\/21\/stock-market-outlook-for-november-22-2023\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Silver Miners ETF<\/b> $SIL moved above $25.72 completing a double bottom pattern.<\/p>\n

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U.S. insurance iShares<\/b> $IAK moved above $97.33 to an all-time high extending an intermediate uptrend. <\/p>\n

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Pharma ETF<\/b> $PPH moved above $78.09 setting an intermediate uptrend.<\/p>\n

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Travelers<\/b> $TRV a Dow Jones Industrial Average stock moved above $173.46 extending an intermediate uptrend. <\/p>\n

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Trip.com<\/b> $TCOM moved below $31.99 extending an intermediate downtrend. <\/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.21st<\/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.21st<\/sup> 2023<\/p>\n

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Green: Increase from previous day<\/b><\/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 21st<\/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

 <\/p>\n

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

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

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

S&P 500 – Consumer Discretionary Sector Holds the Key | Sector Spotlight (11.20.23)<\/b><\/p>\n

S&P 500 – Consumer Discretionary Sector Holds the Key | Sector Spotlight (11.20.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

If the Nasdaq holds near current levels, it’ll benefit the entire market, says Katie Stockton<\/b><\/p>\n

If the Nasdaq holds near current levels, it’ll benefit the entire market, says Katie Stockton \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

NASDAQ 100 Powers Through July High | Trading Places (11.21.23)<\/b><\/p>\n

NASDAQ 100 Powers Through July High | Trading Places (11.21.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer slipped 1.20 to 71.80. It remains Overbought.<\/p>\n

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

The long term Barometer slipped 0.40 to 54.60. It remains Neutral.<\/p>\n

 <\/p>\n

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

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

The intermediate term barometer dropped 4.85 to 59.03. It changed from Overbought to Neutral on a drop below 60.00.<\/p>\n

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The long term Barometer dropped 1.32 to 43.61. 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 Wednesday November 22nd U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:35 AM EST. Index futures were unchanged following release of October Durable Goods Orders at 8:30 AM EST. Consensus was -3.0% versus +4.7% in September. Actual was -5.4%. The Canadian Dollar slipped 0.12 […]<\/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-171554","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/171554","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=171554"}],"version-history":[{"count":0,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/171554\/revisions"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=171554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=171554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=171554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}