{"id":172434,"date":"2023-12-21T02:22:00","date_gmt":"2023-12-21T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=172434"},"modified":"2023-12-21T09:27:44","modified_gmt":"2023-12-21T14:27:44","slug":"tech-talk-for-thursday-december-21st-2023","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2023\/12\/21\/tech-talk-for-thursday-december-21st-2023\/","title":{"rendered":"Tech Talk for Thursday December 21st 2023"},"content":{"rendered":"

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

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 34 points at 8:35 AM EST.<\/em><\/p>\n

S&P 500 Index futures added 10 points following release of economic news at 8:30 AM EST<\/b>. Consensus for the updated annualized U.S. third quarter real GDP was unchanged at 5.2%.<\/em><\/p>\n

Actual was a slip to 4.9%. Consensus for the December Philly Fed Index was -3.0 versus -5.9 in November. Actual was -10.5.<\/em><\/p>\n

Micron<\/b> gained $3.41 to $82.10 after reporting higher than consensus first quarter revenues. The company also raised guidance. <\/em><\/p>\n

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Boeing <\/b>added $0.66 to 260.91 on news that the company is close to resuming delivery of 737 aircraft to China.<\/em><\/p>\n

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AutoZone <\/b>gained $64.66 to $2,662.00 after the company announced authorization to buy back additional shares valued at $2 billion.<\/em><\/p>\n

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 <\/p>\n

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

Water Resources<\/b> ETF $PHO moved above $60.41 to an all-time high extending an intermediate uptrend. <\/p>\n

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CVS Health<\/b> $CVS an S&P 100 stock moved above $76.72 completing a double bottom pattern. <\/p>\n

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Alphabet breakouts<\/b>: $GOOG moved above $142.38 and $GOOGL moved above $141.22 extending an intermediate uptrend. <\/p>\n

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Illumina<\/b> $ILMN a NASDAQ 100 stock moved above $141.60 extending an intermediate uptrend. <\/p>\n

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Corn ETN<\/b> $CORN moved below $21.53 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 Dec.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

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 Dec.20th<\/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

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

Daily Seasonal\/Technical Sector Trends for Dec.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

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

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

Sprott Uranium Report:<\/b> Uranium & Nuclear Get Boost from COP28<\/b><\/p>\n

Sprott Uranium Report: Uranium & Nuclear Get Boost from COP28<\/a><\/p>\n

 <\/p>\n

Top Five Charts of 2023 #2: Ten Year Treasury Yield | The Final Bar (12.19.23)<\/b><\/p>\n

Top Five Charts of 2023 #2: Ten Year Treasury Yield | The Final Bar (12.19.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Top Five Charts of 2023 #3: Market Breadth Indicators | The Final Bar (12.20.23)<\/b><\/p>\n

Top Five Charts of 2023 #3: Market Breadth Indicators | The Final Bar (12.20.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

We won’t see much economic growth early next year: BMO’s economist<\/b><\/p>\n

We won’t see much economic growth early next year: BMO’s economist – YouTube<\/a><\/p>\n

Greed Grips the Market + FedEx Fails to Deliver + Carter Charts Micron & Nike<\/b><\/p>\n

Greed Grips the Market + FedEx Fails to Deliver + Carter Charts Micron & Nike \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Dave Landry’s TFM 10% System: Analyzing Market Highs and Crypto Fire! | Your Daily Five (12.20.23)<\/b><\/p>\n

Dave Landry’s TFM 10% System: Analyzing Market Highs and Crypto Fire! | Your Daily Five (12.20.23) \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer dropped 5.40 to 85.60. It remains Overbought. Daily data moved lower. <\/p>\n

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The long term Barometer dropped 6.40 to 72.20. It remains Overbought. Daily data moved lower.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer dropped 5.73 to 70.04. It remains Overbought. Daily data moved lower.<\/p>\n

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The long term Barometer dropped 3.52 to 55.07. It remains Neutral. Daily data moved lower.<\/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 Thursday December 21st U.S. equity index futures were higher this morning. S&P 500 futures were up 34 points at 8:35 AM EST. S&P 500 Index futures added 10 points following release of economic news at 8:30 AM EST. Consensus for the updated annualized U.S. third quarter real GDP was unchanged at 5.2%. […]<\/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-172434","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/172434","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=172434"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/172434\/revisions"}],"predecessor-version":[{"id":172442,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/172434\/revisions\/172442"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=172434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=172434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=172434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}