{"id":172682,"date":"2024-01-04T02:22:00","date_gmt":"2024-01-04T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=172682"},"modified":"2024-01-04T08:41:39","modified_gmt":"2024-01-04T13:41:39","slug":"tech-talk-for-thursday-january-4th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/01\/04\/tech-talk-for-thursday-january-4th-2024\/","title":{"rendered":"Tech Talk for Thursday January 4th 2024"},"content":{"rendered":"

Pre-opening Comments for Thursday January 4th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 3 points at 8:30 AM EST<\/em><\/p>\n

Cal-Maine Foods<\/b> dropped $3.66 to 51.29 after reporting lower second quarter results<\/em><\/p>\n

\"clip_image001[5]\"<\/a><\/p>\n

AbbVie <\/b>dropped $2.31 to $158.31 after CVS Health announced that it will substitute AbbVie\u2019s drug, Humira with comparable drugs.<\/em><\/p>\n

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Apple <\/b>slipped $1.31 to $182.94 after Piper Sandler lowered its target price from $220 to $205.<\/em><\/p>\n

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Yum Brands<\/b> dropped $0.78 to $128.32 after Stifel downgraded the stock from Buy to Hold.<\/em><\/p>\n

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 <\/p>\n

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

U.S. Insurance iShares<\/b> $IAK moved above $101.12 to an all-time high extending an intermediate uptrend. <\/p>\n

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Allstate <\/b>$ALL an S&P 100 stock moved above $144.99 to an all-time high extending an intermediate uptrend. <\/p>\n

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Pharma ETF<\/b> $PPH moved above $82.68 to an all-time high extending an intermediate uptrend.<\/p>\n

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Incyte <\/b>$INCY a NASDAQ 100 stock moved above $66.43 extending an intermediate uptrend. <\/p>\n

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Copart<\/b> $CPRT a NASDAQ 100 stock moved below $47.08 completing a double top pattern. <\/p>\n

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Cadence Design Systems<\/b> $CNDS a NASDAQ 100 stock moved below $256.95 completing a double top pattern.<\/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 Jan.3rd<\/sup> 2024<\/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 Jan 3rd<\/sup> 2024<\/p>\n

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

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

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

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

Daily Seasonal\/Technical Sector Trends for Jan.3rd<\/sup> 2024<\/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

Link offered by a valued provider<\/strong><\/font><\/p>\n

Stocks & Bonds Fall in Tandem!<\/b><\/p>\n

Stocks & Bonds Fall in Tandem! \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer was unchanged at 91.60. It remains Overbought.<\/p>\n

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The long term Barometer dropped 2.40 to 78.00. It remains Overbought and showing early signs of a peak.<\/p>\n

 <\/p>\n

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

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The intermediate term Barometer dropped 6.67 to 66.67. It remains Overbought. Daily data has rolled over.<\/p>\n

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The long term Barometer dropped 1.33 to 57.33. It remains Neutral. Daily data has rolled over. <\/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 January 4th U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:30 AM EST Cal-Maine Foods dropped $3.66 to 51.29 after reporting lower second quarter results AbbVie dropped $2.31 to $158.31 after CVS Health announced that it will substitute AbbVie\u2019s drug, Humira with comparable […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-172682","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/172682","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=172682"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/172682\/revisions"}],"predecessor-version":[{"id":172692,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/172682\/revisions\/172692"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=172682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=172682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=172682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}