{"id":172800,"date":"2024-01-09T02:22:00","date_gmt":"2024-01-09T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=172800"},"modified":"2024-01-09T08:48:35","modified_gmt":"2024-01-09T13:48:35","slug":"tech-talk-for-tuesday-january-9th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/01\/09\/tech-talk-for-tuesday-january-9th-2024\/","title":{"rendered":"Tech Talk for Tuesday January 9th 2024"},"content":{"rendered":"

Pre-opening Comments for Tuesday January 9th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 23 points at 8:35 AM EST.<\/em><\/p>\n

S&P 500 futures slipped 2 points following release of the November U.S. Trade Deficit report at 8:30 AM EST.<\/b> Consensus was $64.50 billion versus $64.30 billion in October. Actual was $63.2 billion<\/em><\/p>\n

Microchip Technology<\/b> dropped $3.64 to $82.00 after the company lowered expectations for fiscal third quarter revenues.<\/em><\/p>\n

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

Zumiez <\/b>dropped $0.38 to $18.39 after disclosing that fiscal fourth quarter earnings will be at the lower end of estimates. <\/em><\/p>\n

\"clip_image002[1]\"<\/a><\/p>\n

Urban Outfitters<\/b> advanced $2.02 to $37.92 after revealing a 10% increase in chain store sales through the holiday season.<\/em><\/p>\n

\"clip_image003[1]\"<\/a><\/p>\n

Juniper Network<\/b> jumped $6.74 to $42.64 on news that the company is considering a takeover by Hewlett Packard Enterprises. Value of the deal is estimated at $13 billion.<\/em><\/p>\n

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 <\/p>\n

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

China Large Cap iShares<\/b> $FXI moved below $22.79 extending an intermediate downtrend. <\/p>\n

\"clip_image001\"<\/a><\/p>\n

Nvidia<\/b> $NVDA a NASDAQ 100 stock moved above $505.44 to an all-time high extending an intermediate uptrend.<\/p>\n

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DexCom<\/b> $DXCM a NASDAQ 100 stock moved above $126.33 extending their intermediate uptrend. <\/p>\n

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Verisk <\/b>Analytics $VRSK a NASDAQ 100 stock moved below intermediate support at $229.86.<\/p>\n

\"clip_image004\"<\/a><\/p>\n

Constellation Software<\/b> $CSU.TO a TSX 60 stock moved above $3,357.73 to an all-time high extending an intermediate uptrend\u2019<\/p>\n

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BMO Equal Weight Canadian Banks iShares<\/b> $ZEB.TO moved above $35.62 extending an intermediate uptrend<\/p>\n

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. <\/p>\n

National Bank<\/b> $NA.TO a TSX 60 stock moved above Cdn$101.43 to an all-time high extending an intermediate uptrend.<\/p>\n

\"clip_image007\"<\/a><\/p>\n

Scotia Bank<\/b> moved above $63.49 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 Jan.8th<\/sup> 2024<\/p>\n

\"clip_image010\"<\/a><\/p>\n

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 Jan 8th<\/sup> 2024<\/p>\n

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

Green: Increase from previous day<\/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 Jan.8th<\/sup> 2024<\/p>\n

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

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

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

 <\/p>\n

Canadian Association for Technical Analysis Event<\/strong><\/font><\/p>\n

Next event is offered tonight at 8:00 PM EST. Speaker by ZOOM is Dwight Galusha. Everyone is welcome. Not a member of CATA? Contact CATA Meeting – Jan 09 – Dwight Galusha – Events – Canadian Association for Technical Analysis (clubexpress.com)<\/a><\/p>\n

 <\/p>\n

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

Jobs Growth Reveals NEW Opportunities in These AREAS: Mary Ellen McGonagle<\/b><\/p>\n

Jobs Growth Reveals NEW Opportunities in These AREAS \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

Unlocking Growth: The Importance of Market Pullbacks: TG Watkins<\/b><\/p>\n

Unlocking Growth: The Importance of Market Pullbacks \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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

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

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

The intermediate term Barometer added 3.00 to 91.20. It remains Overbought.<\/p>\n

\"clip_image016\"<\/a><\/p>\n

The long term Barometer added 0.60 to 78.00. It remains Overbought.<\/p>\n

 <\/p>\n

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

\"clip_image017\"<\/a><\/p>\n

The intermediate term Barometer gained 2.67 to 72.89. It remains Overbought.<\/p>\n

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

The long term Barometer added 1.78 to 59.56. It remains Neutral.<\/p>\n

<\/b><\/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 January 9th U.S. equity index futures were lower this morning. S&P 500 futures were down 23 points at 8:35 AM EST. S&P 500 futures slipped 2 points following release of the November U.S. Trade Deficit report at 8:30 AM EST. Consensus was $64.50 billion versus $64.30 billion in October. Actual was […]<\/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-172800","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/172800","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=172800"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/172800\/revisions"}],"predecessor-version":[{"id":172810,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/172800\/revisions\/172810"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=172800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=172800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=172800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}