{"id":173296,"date":"2024-01-26T02:22:00","date_gmt":"2024-01-26T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=173296"},"modified":"2024-01-26T08:51:54","modified_gmt":"2024-01-26T13:51:54","slug":"tech-talk-for-friday-january-26th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/01\/26\/tech-talk-for-friday-january-26th-2024\/","title":{"rendered":"Tech Talk for Friday January 26th 2024"},"content":{"rendered":"

Pre-opening Comments for Thursday January 26th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning.<\/b> S&P 500 futures were down 7 points at 8:35 AM EST.<\/em><\/p>\n

S&P 500 Index futures slipped 2 points following release of the December Core PCE Price Index at 8:30 AM EST. <\/b>Consensus was an increase of 0.2% versus a gain of 0.1% in November. Actual was an increase of 0.2%. On a year-over-year basis, consensus was an increase of 3.0% versus a gain of 3.2% in November. Actual was an increase of 2.9%.<\/em><\/p>\n

T-Mobil<\/b> dropped $4.67 to $157.89 after reporting less than consensus fourth quarter earnings. <\/em><\/p>\n

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Intel <\/b>dropped $2.55 to $47.00 after reporting lower than consensus fourth quarter earnings.<\/em><\/p>\n

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Levi Straus<\/b> dropped $0.65 to $15.10 after reporting less than consensus quarterly earnings. <\/em><\/p>\n

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

KLA Corp<\/b> dropped $35.69 to $606.00 after reporting guidance below consensus.<\/em><\/p>\n

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Visa <\/b>dropped $7.86 to $264.75 and Capital One<\/b> dropped $2.10 to $130.45 despite reporting higher than consensus fourth quarter earnings. <\/em><\/p>\n

 <\/p>\n

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

Crude Oil ETN<\/b> $USO moved above $71.10 completing a double bottom pattern.<\/p>\n

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West Texas Crude Oil<\/b> $WTIC moved above $76.18 to close at $77.36 completing a double bottom pattern.<\/p>\n

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Caterpillar<\/b> $CAT a Dow Jones Industrial Average stock moved above $297.82 to an all-time play extending an intermediate uptrend. A China recovery play!<\/p>\n

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Comcast <\/b>$CMCSA an S&P 100 stock moved above $44.70 extending an intermediate uptrend. <\/p>\n

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

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

Alphabet<\/b> $GOOG a NASDAQ 100 stock moved above $152.10 to an all-time high extending an intermediate uptrend. GOOGL also moved to an all-time high.<\/p>\n

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ASML<\/b> $ASML a NASDAQ 100 stock moved above $873.55 to an all-time high extending an intermediate uptrend. <\/p>\n

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Tesla<\/b> $TSLA moved below $191.25 extending an intermediate downtrend.<\/p>\n

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Manulife Financial<\/b> $MFC.TO a TSX 60 stock moved above Cdn$29.44 to an all-time high extending an intermediate uptrend.<\/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.25th<\/sup> 2024<\/p>\n

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

Red: Decrease from previous day<\/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 25th<\/sup> 2024<\/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 Jan.25th<\/sup> 2024<\/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

Rapid Fire Review ALL NASDAQ 100 Charts: Tom Bowley<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=S0b0ZXeYBfk<\/a><\/p>\n

 <\/p>\n

This is Why PRICE IS KING in Stock Trading! Joe Rabil<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=hOdKXBomw3g<\/a><\/p>\n

 <\/p>\n

The Ultimate Guide to Timing Stock Exits and Entries!: David Landry<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=lmQu8mlHgYs<\/a><\/p>\n

 <\/p>\n

Unlocking the Power of Technical Indicators: David Keller<\/b><\/p>\n

Unlocking the Power of Technical Indicators \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

More pain to come in Canadian banks: portfolio manager: BNN Bloomberg<\/b><\/p>\n

More pain to come in Canadian banks: portfolio manager \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 5.80 to 78.40. It remains Overbought.<\/p>\n

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The long term Barometer added 2.40 to 72.20. It remains Overbought.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer added 4.44 to 71.56. It remains Overbought<\/p>\n

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The long term Barometer added 1.33 to 61.33. It remains Overbought.<\/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 26th U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:35 AM EST. S&P 500 Index futures slipped 2 points following release of the December Core PCE Price Index at 8:30 AM EST. Consensus was an increase of 0.2% versus a gain of […]<\/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-173296","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/173296","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=173296"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/173296\/revisions"}],"predecessor-version":[{"id":173306,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/173296\/revisions\/173306"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=173296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=173296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=173296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}