{"id":172159,"date":"2023-12-13T02:22:00","date_gmt":"2023-12-13T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=172159"},"modified":"2023-12-13T09:01:24","modified_gmt":"2023-12-13T14:01:24","slug":"tech-talk-for-wednesday-december-13th-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/12\/13\/tech-talk-for-wednesday-december-13th-2023\/","title":{"rendered":"Tech Talk for Wednesday December 13th 2023"},"content":{"rendered":"

Pre-opening Comments for Wednesday December 13th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 6 points at 8:35 AM EST.<\/em><\/p>\n

Index futures were unchanged following release of the November Producer Price Index at 8:30 AM EST<\/b>. Consensus was an increase of 0.1% versus a decline of 0.5% in October. Actual was unchanged. On a year-over-year basis, consensus was an increase of 1.0% versus a gain of 1.3% in October. Actual was a gain of 0.9%. Excluding food and energy, consensus was an increase of 0.2% versus unchanged in October. Actual was unchanged. On a year-over-year basis, consensus for core PPI was an increase of 2.3% versus a gain of 2.4% in October. Actual was an increase of 2.5%.<\/em><\/p>\n

FOMC <\/b>releases its latest economic statement at 2:00 PM EST. Consensus calls for no change in the Fed Fund Rate at 5.50%. Federal Reserve Chairman Powell is scheduled to hold a press conference at 2:30 PM EST to provide further comment. <\/em><\/p>\n

Pfizer <\/b>dropped $1.98 to $26.60 after the company lowered its revenue and profit guidance for 2024.<\/em><\/p>\n

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

Take Two Interactive<\/b> advanced $5.33 to $162.53 on news that the stock will be added to the NASDAQ 100 Index on December 18th<\/sup><\/em><\/p>\n

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Costco<\/b> added $2.52 to $637.02 after Oppenheimer raised its target price from $630 to $675.<\/em><\/p>\n

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 <\/p>\n

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

Financial SPDRs<\/b> $XLF moved above $36.59 resuming an intermediate uptrend. <\/p>\n

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Notable among financial breakouts were Capital One Financial<\/b> on a move above $120.85 to an 18 month high completing a long term reverse Head & Shoulders pattern and MasterCard <\/b>on a move above $417.99 to an all-time high extending an intermediate uptrend. <\/p>\n

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Industrial SPDRs<\/b> $XLI moved above $110.67 to an all-time high extending an intermediate uptrend. <\/p>\n

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NASDAQ Composite Index<\/b> moved above 14,446.51 extending an intermediate uptrend.<\/p>\n

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NASDAQ 100 stocks breaking above resistance and extending an intermediate uptrend included<\/p>\n

Applied Materials<\/b> on a move above $157.42, Cognizant<\/b> on a move above $72.10, Electronic Arts<\/b> on a move above $139.88, Regeneron<\/b> on a move above $853.97 to an all-time high, AbbVie<\/b> on a move above $153.35.<\/p>\n

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CGI Group<\/b> $GIB.A.TO a TSX 60 stock moved above Cdn$142.31 to an all-time high extending an intermediate uptrend. <\/p>\n

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Waste Connections<\/b> $WCN.TO a TSX 60 stock moved Cdn$195.52 to an all-time high 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 Dec.12th<\/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

 <\/p>\n

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

Daily Seasonal\/Technical Commodities Trends for Dec.12th<\/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 Dec.12th<\/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

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

Renewed UPTREND for Semis, SMH and SOXX ETFs Breaking Out! | The Final Bar <\/b><\/p>\n

Renewed UPTREND for Semis, SMH and SOXX ETFs Breaking Out! | The Final Bar (12.11.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

S&P 500 Above 4600 – Aggressive Sectors Blazing The Trail Higher | Trading Places <\/b><\/p>\n

S&P 500 Above 4600 – Aggressive Sectors Blazing The Trail Higher | Trading Places (12.12.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

5 Hot Stocks – Joe Rabil’s Expert Picks! | Your Daily Five (12.12.23)<\/b><\/p>\n

5 Hot Stocks – Joe Rabil’s Expert Picks! | Your Daily Five (12.12.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Bitcoin is well-positioned to recover and push above the highs we just saw: Bitwise CIO<\/b><\/p>\n

Bitcoin is well-positioned to recover and push above the highs we just saw: Bitwise CIO \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer slipped 1.00 to 86.40. It remains Overbought.<\/p>\n

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The long term Barometer slipped 0.80 to 67.80. It remains Overbought.<\/p>\n

 <\/p>\n

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

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The intermediate term Barometer dropped 3.08 to 62.56. It remains Overbought and has rolled over.<\/p>\n

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The long term Barometer dropped 3.08 to 42.73. It remains Neutral. Daily trend has turned down. <\/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 December 13th U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points at 8:35 AM EST. Index futures were unchanged following release of the November Producer Price Index at 8:30 AM EST. Consensus was an increase of 0.1% versus a decline of 0.5% in October. Actual […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-172159","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/172159","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=172159"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/172159\/revisions"}],"predecessor-version":[{"id":172167,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/172159\/revisions\/172167"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=172159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=172159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=172159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}